Roxas Holdings (PHS:ROX) Cyclically Adjusted PB Ratio: (As of Jul. 16, 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PHS:ROX Roxas Holdings Inc PHS:ROX
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What is Roxas Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Roxas Holdings  (PHS:ROX) 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.


Roxas Holdings Cyclically Adjusted PB Ratio Related Terms


Roxas Holdings Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Roxas 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.

Roxas Holdings Cyclically Adjusted PB Ratio Chart

Roxas Holdings Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.24 0.18 0.14 0.10

Roxas Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.12 0.10 0.12 0.10 0.00

PHS:ROX vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Roxas 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.


Roxas Holdings Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


PHS:ROX
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Roxas Holdings Inc PHS:ROX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Roxas 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.

Roxas Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Roxas Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=1.446/314.1750*314.1750
=1.446

Current CPI (Jun. 2024) = 314.1750.

Roxas Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201409 7.394 238.031 9.759
201412 7.329 234.812 9.806
201503 7.322 236.119 9.742
201506 7.605 238.638 10.012
201509 7.079 237.945 9.347
201512 7.117 236.525 9.453
201603 7.142 238.132 9.423
201606 6.734 241.018 8.778
201609 6.828 241.428 8.885
201612 6.750 241.432 8.784
201703 6.881 243.801 8.867
201706 6.954 244.955 8.919
201709 6.782 246.819 8.633
201712 6.711 246.524 8.553
201803 6.834 249.554 8.604
201806 6.784 251.989 8.458
201809 6.914 252.439 8.605
201812 6.787 251.233 8.487
201903 6.681 254.202 8.257
201906 6.496 256.143 7.968
201909 5.885 256.759 7.201
201912 5.897 256.974 7.210
202003 5.837 258.115 7.105
202006 5.617 257.797 6.845
202009 3.756 260.280 4.534
202012 3.602 260.474 4.345
202103 3.371 264.877 3.998
202106 3.268 271.696 3.779
202109 3.308 274.310 3.789
202112 3.231 278.802 3.641
202203 3.004 287.504 3.283
202206 2.942 296.311 3.119
202209 3.377 296.808 3.575
202212 3.250 296.797 3.440
202303 2.998 301.836 3.121
202306 2.749 305.109 2.831
202309 2.035 307.789 2.077
202312 1.798 306.746 1.842
202403 1.668 312.332 1.678
202406 1.446 314.175 1.446

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.


Roxas Holdings Business Description

Address 26th Corner 3rd Avenue, 14th Floor, Net one Center, Bonifacio Global City, Metro Manila, Taguig, PHL, 1634
Roxas Holdings Inc produces, markets, and sells raw and refined sugar, molasses, and related products to food and beverage, and pharmaceutical companies in the Philippines. It operates in two segments namely Sugar and Alcohol. The company generates maximum revenue from the Sugar segment. The alcohol segment is engaged in the manufacture and sale of bio-ethanol fuel. Geographically, it operates only in the Philippines.
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