Bank of the Philippine Islands (PHS:BPI) Cyclically Adjusted Price-to-FCF: (As of Aug. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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
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.

PHS:BPI Bank of the Philippine Islands PHS:BPI
77 GF Score
Price ₱100.00
GF Value ₱153.17
Valuation Possible Value Trap
! 3 Warning Signs
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What is Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of the Philippine Islands  (PHS:BPI) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF Related Terms


Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF 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.

Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF Chart

Bank of the Philippine Islands Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.42 10.05 21.23 32.07 647.87

Bank of the Philippine Islands Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Price-to-FCF 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 0.00 67.04 647.87 322.99 0.00

Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF Competitor Comparison

For the Banks - Regional subindustry, Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF vs Banks Industry

For the Banks industry and Financial Services sector, Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bank of the Philippine Islands's Cyclically Adjusted Price-to-FCF falls into.


PHS:BPI
77GF Score
Bank of the Philippine Islands PHS:BPI
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank of the Philippine Islands Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Bank of the Philippine Islands's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bank of the Philippine Islands's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-8.016/333.9520*333.9520
=-8.016

Current CPI (Jun. 2026) = 333.9520.

Bank of the Philippine Islands Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -6.215 241.428 -8.597
201612 1.172 241.432 1.621
201703 5.169 243.801 7.080
201706 -5.895 244.955 -8.037
201709 3.382 246.819 4.576
201712 -2.004 246.524 -2.715
201803 0.111 249.554 0.149
201806 -11.818 251.989 -15.662
201809 -7.950 252.439 -10.517
201812 -2.668 251.233 -3.546
201903 3.813 254.202 5.009
201906 7.929 256.143 10.338
201909 -5.946 256.759 -7.734
201912 -1.733 256.974 -2.252
202003 5.920 258.115 7.659
202006 14.055 257.797 18.207
202009 -5.562 260.280 -7.136
202012 0.959 260.474 1.230
202103 -1.586 264.877 -2.000
202106 2.319 271.696 2.850
202109 19.030 274.310 23.168
202112 21.086 278.802 25.257
202203 -9.222 287.504 -10.712
202206 5.995 296.311 6.757
202209 -1.511 296.808 -1.700
202212 -3.284 296.797 -3.695
202303 -3.564 301.836 -3.943
202306 -12.615 305.109 -13.808
202309 4.277 307.789 4.641
202312 3.461 306.746 3.768
202403 -1.944 312.332 -2.079
202406 -4.435 314.175 -4.714
202409 1.779 315.301 1.884
202412 -0.183 315.605 -0.194
202503 -9.093 319.799 -9.495
202506 -10.167 322.561 -10.526
202509 6.451 324.800 6.633
202512 -6.926 324.054 -7.138
202603 10.143 330.213 10.258
202606 -8.016 333.952 -8.016

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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 Bank of the Philippine Islands (PHS:BPI) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of the Philippine Islands stock appears to be undervalued. The current stock price of ₱100.00 is trading 34.7% below its estimated GF Value™ of ₱153.17. GuruFocus considers Bank of the Philippine Islands to be Possible Value Trap.

Key valuation signals for PHS:BPI:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ₱153.17 vs. price of ₱100.00 (34.7% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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


Bank of the Philippine Islands Business Description

Other Exchanges BPHLY:USA
Address Paseo de Roxas Corner Makati Avenue, 22nd Floor - 28th Floor, Tower 2, Ayala Triangle Gardens, Bel-Air, Makati City, PHL, 1226
Bank of the Philippine Islands is a universal bank offering a range of financial products and solutions for both retail and corporate customers. The services of the company include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking. It has three business segments: Consumer banking, Corporate banking, and Investment banking. It derives maximum revenue from the Consumer Banking Segment.
77GF Score

Get the complete analysis for PHS:BPI

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

₱100.00
Price
₱153.17
GF Value