Primex (PHS:PRMX) Cyclically Adjusted PB Ratio: 1.08 (As of Jul. 15, 2026) — 66% Below Median

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PHS:PRMX Primex Corp PHS:PRMX
26 GF Score
Price ₱0.96
GF Value ₱1.00
Valuation Fairly Valued
! 8 Warning Signs
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What is Primex Cyclically Adjusted PB Ratio?

Primex PHS:PRMX -12.73% 26 Cyclically Adjusted PB Ratio is 1.08 as of Jul. 15, 2026, which is 66% below its 10-year median of 3.22. GuruFocus rates PHS:PRMX with a GF Score™ of 26/100 and a GF Value™ of ₱1.00 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,442 Real Estate companies, Primex ranks worse than 74.2% on this metric.

As of today (2026-07-15), Primex's current share price is ₱0.96. Primex's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₱0.89. Primex's Cyclically Adjusted PB Ratio for today is 1.08.

The historical rank and industry rank for Primex's Cyclically Adjusted PB Ratio or its related term are showing as below:

PHS:PRMX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 3.22   Max: 7.65
Current: 1.33

During the past years, Primex's highest Cyclically Adjusted PB Ratio was 7.65. The lowest was 1.03. And the median was 3.22.

PHS:PRMX's Cyclically Adjusted PB Ratio is ranked worse than
74.2% of 1442 companies
in the Real Estate industry
Industry Median: 0.71 vs PHS:PRMX: 1.33

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Primex's adjusted book value per share data for the three months ended in Mar. 2026 was ₱0.879. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₱0.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Primex  (PHS:PRMX) 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.


Primex Cyclically Adjusted PB Ratio Related Terms


Primex Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Primex'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.

Primex Cyclically Adjusted PB Ratio Chart

Primex 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 3.69 3.11 3.56 2.25 1.49

Primex 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 1.62 1.40 1.72 1.49 1.23

Primex Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Primex'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.


Primex Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Primex's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PHS:PRMX
26GF Score
Primex Corp PHS:PRMX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Primex 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.

Primex's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.96/0.89
=1.08

* 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.

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

For example, Primex'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)
=0.879/330.2130*330.2130
=0.879

Current CPI (Mar. 2026) = 330.2130.

Primex Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.376 241.018 0.515
201609 0.389 241.428 0.532
201612 0.441 241.432 0.603
201703 0.485 243.801 0.657
201706 0.471 244.955 0.635
201709 0.586 246.819 0.784
201712 0.578 246.524 0.774
201803 0.607 249.554 0.803
201806 0.629 251.989 0.824
201809 0.592 252.439 0.774
201812 0.588 251.233 0.773
201903 0.582 254.202 0.756
201906 0.595 256.143 0.767
201909 0.573 256.759 0.737
201912 0.573 256.974 0.736
202003 0.646 258.115 0.826
202006 0.643 257.797 0.824
202009 0.681 260.280 0.864
202012 0.963 260.474 1.221
202103 1.244 264.877 1.551
202106 1.025 271.696 1.246
202109 0.877 274.310 1.056
202112 0.880 278.802 1.042
202203 0.881 287.504 1.012
202206 0.881 296.311 0.982
202209 0.852 296.808 0.948
202212 0.863 296.797 0.960
202303 0.867 301.836 0.949
202306 0.867 305.109 0.938
202309 0.887 307.789 0.952
202312 0.900 306.746 0.969
202403 0.935 312.332 0.989
202406 0.954 314.175 1.003
202409 0.953 315.301 0.998
202412 0.884 315.605 0.925
202503 0.884 319.799 0.913
202506 0.882 322.561 0.903
202509 0.874 324.800 0.889
202512 0.882 324.054 0.899
202603 0.879 330.213 0.879

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.

What does a Cyclically Adjusted PB Ratio of 1.08 mean?
Primex (PHS:PRMX) has a Cyclically Adjusted PB Ratio of 1.08 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Primex and its competitors. This is 66% below median its historical median of 3.22. Over the past decade, Primex's Cyclically Adjusted PB Ratio has ranged from 1.03 to 7.65. According to the industry distribution chart, Primex ranks #1070 out of 1442 companies in the Real Estate industry, placing it in the top 74.2%.
Is Primex's Cyclically Adjusted PB Ratio too high?
Primex's current Cyclically Adjusted PB Ratio of 1.08 is 66% below median its 10-year median of 3.22. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 7.65. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. Primex's value of 1.08 is 52.1% above this industry median. Based on the distribution chart, Primex ranks #1070 out of 1442 companies in the Real Estate industry, which is below the industry midpoint. Overall, Primex has a GF Score™ of 26/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Primex's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Primex ranks #1070 out of 1442 companies for Cyclically Adjusted PB Ratio. This places Primex in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. Primex's value of 1.08 is 52.1% above this benchmark. Historically, Primex's own Cyclically Adjusted PB Ratio has ranged from 1.03 to 7.65 over the past decade. While the company's 10-year median is 3.22 vs. the industry median of 0.71, Primex has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,442 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primex's current Cyclically Adjusted PB Ratio of 1.08 is 52.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Primex and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primex's current Cyclically Adjusted PB Ratio is 1.08, which is 66% below median its own 10-year median of 3.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primex stock overvalued right now?
Based on GuruFocus' analysis, Primex (PHS:PRMX) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.00, compared to a current price of ₱0.96 — trading 4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.08, which is 66% below median its 10-year median of 3.22 and 52.1% above the Real Estate industry median of 0.71. Primex's overall GF Score™ is 26/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Primex (PHS:PRMX), the current Cyclically Adjusted PB Ratio is 1.08 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Primex (PHS:PRMX) Overvalued in 2026?

Based on GuruFocus' analysis, Primex stock appears to be undervalued. The current stock price of ₱0.96 is trading 4% below its estimated GF Value™ of ₱1.00. GuruFocus considers Primex to be Fairly Valued.

Key valuation signals for PHS:PRMX:

  • Cyclically Adjusted PB Ratio: 1.08 (66% below median its 10-year median of 3.22)
  • GF Value™: ₱1.00 vs. price of ₱0.96 (4% below fair value)
  • GF Score™: 26/100 with 8 warning signs
  • Industry Position: 52.1% above the Real Estate median (#1070 of 1442)

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


Primex Business Description

Address 19 Annapolis Street, Ground Floor, Richbelt Terraces, Greenhills, Metro Manila, San Juan, PHL, 1502
Primex Corp is a Philippines-based company engaged in the real estate business to purchase, lease, dispose of, or deal with land and other real property and any interest therein. The operating segments of the company include Real Estate and Rent. The real estate segment is engaged in the sale of high-end and upper-middle-income residential lots and units. The Rent segment consists of the income from the leasing of the group's investment properties. The company also derives revenue from Interest income from Real Estate sale.
26GF Score

Get the complete analysis for PHS:PRMX

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

₱0.96
Price
₱1.00
GF Value