Standard Chartered Bank Ghana (XGHA:SCB) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

XGHA:SCB Standard Chartered Bank Ghana PLC XGHA:SCB
66 GF Score
Price GHS69.89
GF Value GHS33.32
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Standard Chartered Bank Ghana Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Standard Chartered Bank Ghana  (XGHA:SCB) 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.


Standard Chartered Bank Ghana Cyclically Adjusted PB Ratio Related Terms


Standard Chartered Bank Ghana Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Standard Chartered Bank Ghana'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.

Standard Chartered Bank Ghana Cyclically Adjusted PB Ratio Chart

Standard Chartered Bank Ghana 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 2.81 2.40 1.83 2.12 2.30

Standard Chartered Bank Ghana 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 2.51 2.51 2.30 5.52 5.43

Standard Chartered Bank Ghana Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Standard Chartered Bank Ghana'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.


Standard Chartered Bank Ghana Cyclically Adjusted PB Ratio vs Banks Industry

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

* The bar in red indicates where Standard Chartered Bank Ghana's Cyclically Adjusted PB Ratio falls into.


XGHA:SCB
66GF Score
Standard Chartered Bank Ghana PLC XGHA:SCB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Standard Chartered Bank Ghana 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.

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

For example, Standard Chartered Bank Ghana'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)
=23.233/333.9520*333.9520
=23.233

Current CPI (Jun. 2026) = 333.9520.

Standard Chartered Bank Ghana Quarterly Data

Book Value per Share CPI Adj_Book
201509 4.692 237.945 6.585
201512 4.052 236.525 5.721
201603 4.562 238.132 6.398
201606 4.825 241.018 6.685
201609 5.103 241.428 7.059
201612 5.620 241.432 7.774
201803 7.461 249.554 9.984
201806 7.715 251.989 10.224
201809 7.640 252.439 10.107
201812 7.776 251.233 10.336
201903 8.420 254.202 11.062
201906 7.716 256.143 10.060
201909 8.227 256.759 10.700
201912 8.659 256.974 11.253
202003 9.340 258.115 12.084
202006 10.593 257.797 13.722
202009 9.926 260.280 12.736
202012 10.885 260.474 13.956
202103 11.944 264.877 15.059
202106 11.287 271.696 13.873
202109 12.089 274.310 14.717
202112 12.194 278.802 14.606
202203 13.566 287.504 15.758
202206 10.889 296.311 12.272
202209 9.647 296.808 10.854
202212 9.863 296.797 11.098
202303 11.251 301.836 12.448
202306 11.037 305.109 12.080
202309 12.094 307.789 13.122
202312 14.333 306.746 15.604
202403 14.781 312.332 15.804
202406 18.046 314.175 19.182
202409 15.387 315.301 16.297
202412 15.233 315.605 16.119
202503 16.948 319.799 17.698
202506 18.401 322.561 19.051
202509 17.958 324.800 18.464
202512 21.000 324.054 21.641
202603 22.312 330.213 22.565
202606 23.233 333.952 23.233

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 Standard Chartered Bank Ghana (XGHA:SCB) Overvalued in 2026?

Based on GuruFocus' analysis, Standard Chartered Bank Ghana stock appears to be overvalued. The current stock price of GHS69.89 is trading 109.8% above its estimated GF Value™ of GHS33.32. GuruFocus considers Standard Chartered Bank Ghana to be Significantly Overvalued.

Key valuation signals for XGHA:SCB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: GHS33.32 vs. price of GHS69.89 (109.8% above fair value)
  • GF Score™: 66/100 with 3 warning signs

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


Standard Chartered Bank Ghana Business Description

Address 87 Independence Avenue, P.O. Box 768, Standard Chartered Bank Building, Accra, GHA
Standard Chartered Bank Ghana PLC is a banking corporation registered in Ghana. It provides various banking services including personal banking, private banking, and business banking. The company manages its business into three segments namely, Corporate & Investment Banking, Wealth & Retail Banking, Ventures and Central & Other Items. The company's services include savings, loans, mortgages, credit cards, insurance, and investment opportunities for individual customers. It focuses on offering financial solutions to small-medium enterprises, corporates, and financial institutions. Geographically, it operates in Hong Kong, Korea, China, Singapore, UK, and U.S.
66GF Score

Get the complete analysis for XGHA:SCB

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

GHS69.89
Price
GHS33.32
GF Value