PLDT (STU:PLO) Cyclically Adjusted PB Ratio: 1.43 (As of Sep. 17, 2026) — 36% Below Median

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STU:PLO PLDT Inc STU:PLO
76 GF Score
Price €15.60
GF Value €17.84
Valuation Modestly Undervalued
! 5 Warning Signs
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What is PLDT Cyclically Adjusted PB Ratio?

PLDT STU:PLO -1.89% 76 Cyclically Adjusted PB Ratio is 1.43 as of Sep. 17, 2026, which is 36% below its 10-year median of 2.24. GuruFocus rates STU:PLO with a GF Score™ of 76/100 and a GF Value™ of €17.84 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 288 Telecommunication Services companies, PLDT ranks worse than 52.08% on this metric.

As of today (2026-09-17), PLDT's current share price is €15.60. PLDT's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €10.92. PLDT's Cyclically Adjusted PB Ratio for today is 1.43.

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

STU:PLO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.52   Med: 2.24   Max: 3.4
Current: 1.82

During the past years, PLDT's highest Cyclically Adjusted PB Ratio was 3.40. The lowest was 1.52. And the median was 2.24.

STU:PLO's Cyclically Adjusted PB Ratio is ranked worse than
52.08% of 288 companies
in the Telecommunication Services industry
Industry Median: 1.74 vs STU:PLO: 1.82

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.

PLDT's adjusted book value per share data for the three months ended in Jun. 2026 was €8.880. 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 €10.92 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PLDT  (STU:PLO) 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.


PLDT Cyclically Adjusted PB Ratio Related Terms


PLDT Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PLDT'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.

PLDT Cyclically Adjusted PB Ratio Chart

PLDT 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 2.75 1.80 1.84 1.90 1.68

PLDT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.65 1.44 1.66 1.66 1.39

STU:PLO vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, PLDT'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.


PLDT Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PLDT's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:PLO
76GF Score
PLDT Inc STU:PLO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PLDT 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.60/10.916
=1.43

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=8.88/333.9520*333.9520
=8.880

Current CPI (Jun. 2026) = 333.9520.

PLDT Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.859 241.428 12.254
201612 9.536 241.432 13.190
201703 9.110 243.801 12.479
201706 9.515 244.955 12.972
201709 8.799 246.819 11.905
201712 8.554 246.524 11.588
201803 8.144 249.554 10.898
201806 8.695 251.989 11.523
201809 8.354 252.439 11.052
201812 8.967 251.233 11.919
201903 8.903 254.202 11.696
201906 9.385 256.143 12.236
201909 9.344 256.759 12.153
201912 9.446 256.974 12.276
202003 9.352 258.115 12.100
202006 9.958 257.797 12.900
202009 9.754 260.280 12.515
202012 9.386 260.474 12.034
202103 9.181 264.877 11.575
202106 9.610 271.696 11.812
202109 9.138 274.310 11.125
202112 10.133 278.802 12.137
202203 10.180 287.504 11.825
202206 10.754 296.311 12.120
202209 10.245 296.808 11.527
202212 8.829 296.797 9.934
202303 8.578 301.836 9.491
202306 9.110 305.109 9.971
202309 9.026 307.789 9.793
202312 8.314 306.746 9.051
202403 8.062 312.332 8.620
202406 8.384 314.175 8.912
202409 8.322 315.301 8.814
202412 8.981 315.605 9.503
202503 8.707 319.799 9.092
202506 8.743 322.561 9.052
202509 8.190 324.800 8.421
202512 8.546 324.054 8.807
202603 8.375 330.213 8.470
202606 8.880 333.952 8.880

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 1.43 mean?
PLDT (STU:PLO) has a Cyclically Adjusted PB Ratio of 1.43 as of Sep. 17, 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 PLDT and its competitors. This is 36% below median its historical median of 2.24. Over the past decade, PLDT's Cyclically Adjusted PB Ratio has ranged from 1.52 to 3.40. According to the industry distribution chart, PLDT ranks #150 out of 288 companies in the Telecommunication Services industry, placing it in the top 52.1%.
Is PLDT's Cyclically Adjusted PB Ratio too high?
PLDT's current Cyclically Adjusted PB Ratio of 1.43 is 36% below median its 10-year median of 2.24. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 3.40. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.74. PLDT's value of 1.43 is 17.8% below this industry median. Based on the distribution chart, PLDT ranks #150 out of 288 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, PLDT has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PLDT's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, PLDT ranks #150 out of 288 companies for Cyclically Adjusted PB Ratio. This places PLDT in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.74. PLDT's value of 1.43 is 17.8% below this benchmark. Historically, PLDT's own Cyclically Adjusted PB Ratio has ranged from 1.52 to 3.40 over the past decade. While the company's 10-year median is 2.24 vs. the industry median of 1.74, PLDT 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.74, based on 288 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. PLDT's current Cyclically Adjusted PB Ratio of 1.43 is 17.8% 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 PLDT and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PLDT's current Cyclically Adjusted PB Ratio is 1.43, which is 36% below median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PLDT stock overvalued right now?
Based on GuruFocus' analysis, PLDT (STU:PLO) is currently considered Modestly Undervalued. The stock's GF Value™ is €17.84, compared to a current price of €15.60 — trading 12.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.43, which is 36% below median its 10-year median of 2.24 and 17.8% below the Telecommunication Services industry median of 1.74. PLDT's overall GF Score™ is 76/100 with 5 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 PLDT (STU:PLO), the current Cyclically Adjusted PB Ratio is 1.43 as of Sep. 17, 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 PLDT (STU:PLO) Overvalued in 2026?

Based on GuruFocus' analysis, PLDT stock appears to be undervalued. The current stock price of €15.60 is trading 12.6% below its estimated GF Value™ of €17.84. GuruFocus considers PLDT to be Modestly Undervalued.

Key valuation signals for STU:PLO:

  • Cyclically Adjusted PB Ratio: 1.43 (36% below median its 10-year median of 2.24)
  • GF Value™: €17.84 vs. price of €15.60 (12.6% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 17.8% below the Telecommunication Services median (#150 of 288)

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


PLDT Business Description

Address Makati Avenue, Corner Ayala Avenue, Ramon Cojuangco Building, Legaspi Village, Metro Manila, Makati City, PHL, 1200
PLDT Inc is a telecommunications and digital services provider. The group has three reportable operating segments: Wireless, Fixed Line, and Others. Maximum revenue is generated from its Fixed Line segment, which offers fixed line telecommunications services, servicing retail, corporate, and small and medium-sized enterprises clients. The Fixed Line business segment offers data, voice, and miscellaneous services. It also offers secure data centers, multi-cloud, cybersecurity, data, and artificial intelligence (AI) solutions through different subsidiaries. The Wireless segment generates revenue by offering access to mobile internet via smartphones, mobile broadband using pocket WiFi, or home WiFi using fixed wireless broadband devices. Geographically, the group operates in the Philippines.
76GF Score

Get the complete analysis for STU:PLO

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

€15.60
Price
€17.84
GF Value