Victorias Milling Co (PHS:VMC) Cyclically Adjusted PB Ratio: 1.02 (As of Jul. 05, 2026) — 10% Below Median


PHS:VMC Victorias Milling Co Inc PHS:VMC
92 GF Score
Price ₱1.90
GF Value ₱1.99
Valuation Fairly Valued
! 4 Warning Signs
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What is Victorias Milling Co Cyclically Adjusted PB Ratio?

Victorias Milling Co PHS:VMC 92 Cyclically Adjusted PB Ratio is 1.02 as of Jul. 05, 2026, which is 10% below its 10-year median of 1.13. GuruFocus rates PHS:VMC with a GF Score™ of 92/100 and a GF Value™ of ₱1.99 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,443 Consumer Packaged Goods companies, Victorias Milling Co ranks better than 58.21% on this metric.

As of today (2026-07-05), Victorias Milling Co's current share price is ₱1.90. Victorias Milling Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was ₱1.87. Victorias Milling Co's Cyclically Adjusted PB Ratio for today is 1.02.

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

PHS:VMC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.13   Max: 1.81
Current: 1.01

During the past years, Victorias Milling Co's highest Cyclically Adjusted PB Ratio was 1.81. The lowest was 0.82. And the median was 1.13.

PHS:VMC's Cyclically Adjusted PB Ratio is ranked better than
58.21% of 1443 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs PHS:VMC: 1.01

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.

Victorias Milling Co's adjusted book value per share data for the three months ended in Feb. 2026 was ₱2.516. 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 ₱1.87 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Victorias Milling Co  (PHS:VMC) 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.


Victorias Milling Co Cyclically Adjusted PB Ratio Related Terms


Victorias Milling Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Victorias Milling Co'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.

Victorias Milling Co Cyclically Adjusted PB Ratio Chart

Victorias Milling Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 0.93 1.13 0.90 1.16

Victorias Milling Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 1.16 1.08 1.16 1.09 1.07

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

For the Confectioners subindustry, Victorias Milling Co'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.


Victorias Milling Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


PHS:VMC
92GF Score
Victorias Milling Co Inc PHS:VMC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Victorias Milling Co 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.

Victorias Milling Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.90/1.87
=1.02

* 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.

Victorias Milling Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Victorias Milling Co's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=2.516/326.7850*326.7850
=2.516

Current CPI (Feb. 2026) = 326.7850.

Victorias Milling Co Quarterly Data

Book Value per Share CPI Adj_Book
201605 0.979 240.229 1.332
201608 0.951 240.849 1.290
201611 0.975 241.353 1.320
201702 0.999 243.603 1.340
201705 1.061 244.733 1.417
201708 1.026 245.519 1.366
201711 1.034 246.669 1.370
201802 1.070 248.991 1.404
201805 1.103 251.588 1.433
201808 1.160 252.146 1.503
201811 1.175 252.038 1.523
201902 1.219 252.776 1.576
201905 1.262 256.092 1.610
201908 1.308 256.558 1.666
201911 1.322 257.208 1.680
202002 1.376 258.678 1.738
202005 1.410 256.394 1.797
202008 1.471 259.918 1.849
202011 1.487 260.229 1.867
202102 1.526 263.014 1.896
202105 1.587 269.195 1.927
202108 1.622 273.567 1.938
202111 1.648 277.948 1.938
202202 1.663 283.716 1.915
202205 1.708 292.296 1.910
202208 1.750 296.171 1.931
202211 1.891 297.711 2.076
202302 1.899 300.840 2.063
202305 2.024 304.127 2.175
202308 2.038 307.026 2.169
202311 2.097 307.051 2.232
202402 2.156 310.326 2.270
202405 2.201 314.069 2.290
202408 2.256 314.796 2.342
202411 2.323 315.493 2.406
202502 2.354 319.082 2.411
202505 2.427 321.465 2.467
202508 2.443 323.976 2.464
202511 2.473 324.122 2.493
202602 2.516 326.785 2.516

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 1.02 mean?
Victorias Milling Co (PHS:VMC) has a Cyclically Adjusted PB Ratio of 1.02 as of Jul. 05, 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 Victorias Milling Co and its competitors. This is 10% below median its historical median of 1.13. Over the past decade, Victorias Milling Co's Cyclically Adjusted PB Ratio has ranged from 0.82 to 1.81. According to the industry distribution chart, Victorias Milling Co ranks #603 out of 1443 companies in the Consumer Packaged Goods industry, placing it in the top 41.8%.
Is Victorias Milling Co's Cyclically Adjusted PB Ratio too high?
Victorias Milling Co's current Cyclically Adjusted PB Ratio of 1.02 is 10% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 1.81. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Victorias Milling Co's value of 1.02 is 19% below this industry median. Based on the distribution chart, Victorias Milling Co ranks #603 out of 1443 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Victorias Milling Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Victorias Milling Co's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Victorias Milling Co ranks #603 out of 1443 companies for Cyclically Adjusted PB Ratio. This puts Victorias Milling Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Victorias Milling Co's value of 1.02 is 19% below this benchmark. Historically, Victorias Milling Co's own Cyclically Adjusted PB Ratio has ranged from 0.82 to 1.81 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.26, Victorias Milling Co has consistently been below 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 1,443 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. Victorias Milling Co's current Cyclically Adjusted PB Ratio of 1.02 is 19% below 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 Victorias Milling Co 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. Victorias Milling Co's current Cyclically Adjusted PB Ratio is 1.02, which is 10% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victorias Milling Co stock overvalued right now?
Based on GuruFocus' analysis, Victorias Milling Co (PHS:VMC) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.99, compared to a current price of ₱1.90 — trading 4.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.02, which is 10% below median its 10-year median of 1.13 and 19% below the Consumer Packaged Goods industry median of 1.26. Victorias Milling Co's overall GF Score™ is 92/100 with 4 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 Victorias Milling Co (PHS:VMC), the current Cyclically Adjusted PB Ratio is 1.02 as of Jul. 05, 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 Victorias Milling Co (PHS:VMC) Overvalued in 2026?

Based on GuruFocus' analysis, Victorias Milling Co stock appears to be undervalued. The current stock price of ₱1.90 is trading 4.5% below its estimated GF Value™ of ₱1.99. GuruFocus considers Victorias Milling Co to be Fairly Valued.

Key valuation signals for PHS:VMC:

  • Cyclically Adjusted PB Ratio: 1.02 (10% below median its 10-year median of 1.13)
  • GF Value™: ₱1.99 vs. price of ₱1.90 (4.5% below fair value)
  • GF Score™: 92/100 with 4 warning signs
  • Industry Position: 19% below the Consumer Packaged Goods median (#603 of 1443)

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


Victorias Milling Co Business Description

Address J.J. Ossorio Street, VMC Compound, Barangay XVI, Negros Occidental, Victorias, NEC, PHL, 6119
Victorias Milling Co Inc is a Philippines-based company engaged in sugar manufacturing. The company offers milling and tolling services to planters and sells raw sugar, refined sugar, molasses, and renewable energy. The company operates through business segments that include Sugar Milling, Renewable Energy Operations, and Others. The Sugar Milling segment generates maximum revenue for the company.
92GF Score

Get the complete analysis for PHS:VMC

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

₱1.90
Price
₱1.99
GF Value