Pal Holdings (PHS:PAL) Cyclically Adjusted PB Ratio: (As of Jul. 03, 2026)


PHS:PAL Pal Holdings Inc PHS:PAL
57 GF Score
Price ₱2.67
GF Value ₱2.74
Valuation Fairly Valued
! 4 Warning Signs
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What is Pal Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pal Holdings  (PHS:PAL) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Pal Holdings Cyclically Adjusted PB Ratio Related Terms


Pal Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pal Holdings's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pal Holdings Cyclically Adjusted PB Ratio Chart

Pal Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 128.99 0.00 0.00 0.00 0.00

Pal Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

PHS:PAL vs DAL, UAL, LUV: Cyclically Adjusted PB Ratio Comparison

For the Airlines subindustry, Pal Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pal Holdings Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Pal Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pal Holdings's Cyclically Adjusted PB Ratio falls into.


PHS:PAL
57GF Score
Pal Holdings Inc PHS:PAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pal Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Pal Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pal Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.858/330.2130*330.2130
=1.858

Current CPI (Mar. 2026) = 330.2130.

Pal Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.437 241.018 1.969
201609 1.275 241.428 1.744
201612 1.344 241.432 1.838
201703 1.283 243.801 1.738
201706 1.269 244.955 1.711
201709 1.028 246.819 1.375
201712 0.697 246.524 0.934
201803 0.653 249.554 0.864
201806 0.604 251.989 0.791
201809 0.350 252.439 0.458
201812 0.666 251.233 0.875
201903 0.687 254.202 0.892
201906 0.402 256.143 0.518
201909 -0.057 256.759 -0.073
201912 -0.300 256.974 -0.386
202003 -1.232 258.115 -1.576
202006 -2.200 257.797 -2.818
202009 -2.791 260.280 -3.541
202012 -6.378 260.474 -8.086
202103 -7.230 264.877 -9.013
202106 -7.976 271.696 -9.694
202109 -8.831 274.310 -10.631
202112 -0.606 278.802 -0.718
202203 -0.457 287.504 -0.525
202206 -0.271 296.311 -0.302
202209 0.007 296.808 0.008
202212 0.151 296.797 0.168
202303 0.539 301.836 0.590
202306 1.096 305.109 1.186
202309 1.483 307.789 1.591
202312 1.550 306.746 1.669
202403 1.887 312.332 1.995
202406 1.135 314.175 1.193
202409 1.117 315.301 1.170
202412 1.179 315.605 1.234
202503 1.317 319.799 1.360
202506 1.418 322.561 1.452
202509 1.522 324.800 1.547
202512 1.638 324.054 1.669
202603 1.858 330.213 1.858

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Pal Holdings (PHS:PAL) Overvalued in 2026?

Based on GuruFocus' analysis, Pal Holdings stock appears to be undervalued. The current stock price of ₱2.67 is trading 2.6% below its estimated GF Value™ of ₱2.74. GuruFocus considers Pal Holdings to be Fairly Valued.

Key valuation signals for PHS:PAL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₱2.74 vs. price of ₱2.67 (2.6% below fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the PHS:PAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pal Holdings Business Description

Address Andrews Avenue, Philippine Airlines, PAL Gate 5, Lucio K. Tan Junior Center, Pasay City, PHL, 1300
Pal Holdings Inc through its subsidiaries, is engaged in air transport of passengers and cargo within the Philippines and between the Philippines and several international destinations. Its revenues are mainly derived from rendering transportation services, and all sales are made to external customers.
57GF Score

Get the complete analysis for PHS:PAL

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱2.67
Price
₱2.74
GF Value