RFM (PHS:RFM) Cyclically Adjusted PB Ratio: 1.27 (As of Jul. 08, 2026) — Near Median


PHS:RFM RFM Corp PHS:RFM
86 GF Score
Price ₱5.62
GF Value ₱4.27
Valuation Significantly Overvalued
! 8 Warning Signs
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What is RFM Cyclically Adjusted PB Ratio?

RFM PHS:RFM -0.35% 86 Cyclically Adjusted PB Ratio is 1.27 as of Jul. 08, 2026, which is 2% above its 10-year median of 1.25. GuruFocus rates PHS:RFM with a GF Score™ of 86/100 and a GF Value™ of ₱4.27 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,442 Consumer Packaged Goods companies, RFM ranks worse than 50.9% on this metric.

As of today (2026-07-08), RFM's current share price is ₱5.62. RFM's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₱4.41. RFM's Cyclically Adjusted PB Ratio for today is 1.27.

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

PHS:RFM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.25   Max: 2.1
Current: 1.29

During the past years, RFM's highest Cyclically Adjusted PB Ratio was 2.10. The lowest was 0.74. And the median was 1.25.

PHS:RFM's Cyclically Adjusted PB Ratio is ranked worse than
50.9% of 1442 companies
in the Consumer Packaged Goods industry
Industry Median: 1.255 vs PHS:RFM: 1.29

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.

RFM's adjusted book value per share data for the three months ended in Mar. 2026 was ₱4.566. 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 ₱4.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RFM  (PHS:RFM) 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.


RFM Cyclically Adjusted PB Ratio Related Terms


RFM Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RFM'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.

RFM Cyclically Adjusted PB Ratio Chart

RFM 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 1.40 0.99 0.77 0.94 1.10

RFM 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 1.00 1.00 0.98 1.10 1.20

PHS:RFM vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, RFM'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.


RFM Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, RFM's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PHS:RFM
86GF Score
RFM Corp PHS:RFM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RFM 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.62/4.41
=1.27

* 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.

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

For example, RFM'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)
=4.566/330.2130*330.2130
=4.566

Current CPI (Mar. 2026) = 330.2130.

RFM Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.790 241.018 3.823
201609 2.817 241.428 3.853
201612 2.911 241.432 3.981
201703 2.882 243.801 3.903
201706 2.970 244.955 4.004
201709 2.967 246.819 3.969
201712 3.197 246.524 4.282
201803 3.175 249.554 4.201
201806 3.258 251.989 4.269
201809 3.257 252.439 4.260
201812 3.362 251.233 4.419
201903 3.333 254.202 4.330
201906 3.626 256.143 4.675
201909 3.428 256.759 4.409
201912 3.509 256.974 4.509
202003 3.462 258.115 4.429
202006 3.578 257.797 4.583
202009 3.532 260.280 4.481
202012 3.736 260.474 4.736
202103 3.725 264.877 4.644
202106 3.834 271.696 4.660
202109 3.785 274.310 4.556
202112 3.947 278.802 4.675
202203 3.930 287.504 4.514
202206 4.035 296.311 4.497
202209 3.974 296.808 4.421
202212 3.984 296.797 4.433
202303 3.921 301.836 4.290
202306 3.957 305.109 4.283
202309 4.082 307.789 4.379
202312 4.342 306.746 4.674
202403 4.298 312.332 4.544
202406 4.386 314.175 4.610
202409 4.435 315.301 4.645
202412 4.385 315.605 4.588
202503 4.417 319.799 4.561
202506 4.495 322.561 4.602
202509 4.549 324.800 4.625
202512 4.554 324.054 4.641
202603 4.566 330.213 4.566

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 1.27 mean?
RFM (PHS:RFM) has a Cyclically Adjusted PB Ratio of 1.27 as of Jul. 08, 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 RFM and its competitors. This is near median its historical median of 1.25. Over the past decade, RFM's Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.10. According to the industry distribution chart, RFM ranks #734 out of 1442 companies in the Consumer Packaged Goods industry, placing it in the top 50.9%.
Is RFM's Cyclically Adjusted PB Ratio too high?
RFM's current Cyclically Adjusted PB Ratio of 1.27 is near median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.10. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. RFM's value of 1.27 is 1.2% above this industry median. Based on the distribution chart, RFM ranks #734 out of 1442 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, RFM has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RFM's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, RFM ranks #734 out of 1442 companies for Cyclically Adjusted PB Ratio. This places RFM in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. RFM's value of 1.27 is 1.2% above this benchmark. Historically, RFM's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.10 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.26, RFM 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, 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. RFM's current Cyclically Adjusted PB Ratio of 1.27 is 1.2% 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 RFM and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RFM's current Cyclically Adjusted PB Ratio is 1.27, which is near median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RFM stock overvalued right now?
Based on GuruFocus' analysis, RFM (PHS:RFM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱4.27, compared to a current price of ₱5.62 — trading 31.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.27, which is near median its 10-year median of 1.25 and 1.2% above the Consumer Packaged Goods industry median of 1.26. RFM's overall GF Score™ is 86/100 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 RFM (PHS:RFM), the current Cyclically Adjusted PB Ratio is 1.27 as of Jul. 08, 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 RFM (PHS:RFM) Overvalued in 2026?

Based on GuruFocus' analysis, RFM stock appears to be overvalued. The current stock price of ₱5.62 is trading 31.6% above its estimated GF Value™ of ₱4.27. GuruFocus considers RFM to be Significantly Overvalued.

Key valuation signals for PHS:RFM:

  • Cyclically Adjusted PB Ratio: 1.27 (near median its 10-year median of 1.25)
  • GF Value™: ₱4.27 vs. price of ₱5.62 (31.6% above fair value)
  • GF Score™: 86/100 with 8 warning signs
  • Industry Position: 1.2% above the Consumer Packaged Goods median (#734 of 1442)

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


RFM Business Description

Address Pioneer Corner, Sheridan Streets, RFM Corporate Center, Metro Manila, Mandaluyong, PHL, 1550
RFM Corp Company is mainly involved in the manufacturing, processing and selling of wheat, flour and flour products, pasta, milk, juices, and other food and beverage products. Its operating segments are the Institutional segment mainly manufactures flour, bread products, pasta, and rice-based mixes, but only sells flour and bread products; and the Consumer segment manufactures milk and juices, and sells the latter together with pasta and rice-based mixes. The majority of its revenue derives from the Consumer segment.
86GF Score

Get the complete analysis for PHS:RFM

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

₱5.62
Price
₱4.27
GF Value