TBCCF (TBC Bank Group) Cyclically Adjusted PB Ratio: (As of Aug. 06, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TBCCF TBC Bank Group PLC TBCCF
84 GF Score
Price $63.17
GF Value $61.03
Valuation Fairly Valued
! 1 Warning Sign
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What is TBC Bank Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TBC Bank Group  (OTCPK:TBCCF) 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.


TBC Bank Group Cyclically Adjusted PB Ratio Related Terms


TBC Bank Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TBC Bank Group'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.

TBC Bank Group Cyclically Adjusted PB Ratio Chart

TBC Bank Group 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 0.00 0.00 0.00 1.75 1.98

TBC Bank Group 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 2.39 2.30 1.98 1.95 0.00

TBC Bank Group Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, TBC Bank Group'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.


TBC Bank Group Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, TBC Bank Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TBCCF
84GF Score
TBC Bank Group PLC TBCCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TBC Bank Group 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.

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

For example, TBC Bank Group'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)
=46.383/142.3000*142.3000
=46.383

Current CPI (Jun. 2026) = 142.3000.

TBC Bank Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.955 101.500 13.957
201612 11.394 102.200 15.865
201703 11.982 102.700 16.602
201706 12.055 103.500 16.574
201709 12.733 104.300 17.372
201712 13.446 105.000 18.223
201803 13.576 105.100 18.381
201806 13.655 105.900 18.349
201809 14.473 106.600 19.320
201812 15.530 107.100 20.634
201903 16.343 107.000 21.735
201906 16.485 107.900 21.741
201909 17.277 108.400 22.680
201912 17.961 108.500 23.556
202003 17.783 108.600 23.301
202006 18.332 108.800 23.977
202009 19.521 109.200 25.438
202012 19.916 109.400 25.905
202103 21.588 109.700 28.003
202106 23.039 111.400 29.430
202109 23.821 112.400 30.158
202112 23.613 114.700 29.295
202203 26.712 116.500 32.628
202206 27.515 120.500 32.493
202209 28.936 122.300 33.668
202212 27.138 125.300 30.820
202303 28.701 126.800 32.209
202306 29.296 129.400 32.217
202309 30.131 130.100 32.957
202312 33.008 130.500 35.993
202403 33.220 131.600 35.921
202406 34.538 133.000 36.953
202409 36.281 133.500 38.673
202412 38.333 135.100 40.376
202503 38.288 136.100 40.032
202506 39.440 138.400 40.551
202509 41.192 138.900 42.200
202512 42.990 139.900 43.727
202603 44.022 140.800 44.491
202606 46.383 142.300 46.383

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.

Is TBC Bank Group (TBCCF) Overvalued in 2026?

Based on GuruFocus' analysis, TBC Bank Group stock appears to be overvalued. The current stock price of $63.17 is trading 3.5% above its estimated GF Value™ of $61.03. GuruFocus considers TBC Bank Group to be Fairly Valued.

Key valuation signals for TBCCF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $61.03 vs. price of $63.17 (3.5% above fair value)
  • GF Score™: 84/100 with 1 warning sign

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


TBC Bank Group Business Description

Other Exchanges TBCGl:UKTBCG:UKLR6:Germany
Address C/O Law Debenture, 100 Bishopsgate, London, GBR, EC2N 4AG
TBC Bank Group PLC is a UK-based banking group. The business activities of the company involves universal banking operations within Georgia. The bank is focused on financial services activities, and the majority of its total assets relate to banking, insurance, leasing, brokerage, and corporate advisory services. Its operating segments include Georgian financial services (Georgia FS), which includes corporate and investment banking (CIB), Retail - non-business individual customers; Micro, Small, and Medium Enterprises: (MSME); Uzbekistan; and Other Operations.
84GF Score

Get the complete analysis for TBCCF

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

$63.17
Price
$61.03
GF Value