Manila Bulletin Publishing (PHS:MB) Cyclically Adjusted Price-to-FCF: (As of Sep. 11, 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.

PHS:MB Manila Bulletin Publishing Corp PHS:MB
36 GF Score
Price ₱0.18
GF Value ₱0.17
Valuation Fairly Valued
! 8 Warning Signs
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What is Manila Bulletin Publishing Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Manila Bulletin Publishing  (PHS:MB) 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.


Manila Bulletin Publishing Cyclically Adjusted Price-to-FCF Related Terms


Manila Bulletin Publishing Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Manila Bulletin Publishing'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.

Manila Bulletin Publishing Cyclically Adjusted Price-to-FCF Chart

Manila Bulletin Publishing Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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Manila Bulletin Publishing 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 0.00 0.00 0.00 0.00

PHS:MB vs NYT, WLY: Cyclically Adjusted Price-to-FCF Comparison

For the Publishing subindustry, Manila Bulletin Publishing'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.


Manila Bulletin Publishing Cyclically Adjusted Price-to-FCF vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manila Bulletin Publishing's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Manila Bulletin Publishing's Cyclically Adjusted Price-to-FCF falls into.


PHS:MB
36GF Score
Manila Bulletin Publishing Corp PHS:MB
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Bulletin Publishing 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.

Manila Bulletin Publishing's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Manila Bulletin Publishing'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)
=-0.019/333.9520*333.9520
=-0.019

Current CPI (Jun. 2026) = 333.9520.

Manila Bulletin Publishing Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.029 241.428 -0.040
201612 -0.023 241.432 -0.032
201703 -0.005 243.801 -0.007
201706 0.011 244.955 0.015
201709 0.000 246.819 0.000
201712 -0.038 246.524 -0.051
201803 -0.023 249.554 -0.031
201806 0.017 251.989 0.023
201809 -0.010 252.439 -0.013
201812 0.027 251.233 0.036
201903 -0.002 254.202 -0.003
201906 -0.008 256.143 -0.010
201909 -0.011 256.759 -0.014
201912 -0.032 256.974 -0.042
202003 0.018 258.115 0.023
202006 -0.010 257.797 -0.013
202009 -0.010 260.280 -0.013
202012 0.013 260.474 0.017
202103 -0.002 264.877 -0.003
202106 0.009 271.696 0.011
202109 0.012 274.310 0.015
202112 -0.014 278.802 -0.017
202203 -0.005 287.504 -0.006
202206 0.010 296.311 0.011
202209 -0.002 296.808 -0.002
202212 -0.041 296.797 -0.046
202303 0.002 301.836 0.002
202306 0.003 305.109 0.003
202309 0.010 307.789 0.011
202312 0.004 306.746 0.004
202403 0.001 312.332 0.001
202406 0.009 314.175 0.010
202409 -0.010 315.301 -0.011
202412 0.013 315.605 0.014
202503 -0.006 319.799 -0.006
202506 -0.004 322.561 -0.004
202509 0.008 324.800 0.008
202512 -0.045 324.054 -0.046
202603 0.001 330.213 0.001
202606 -0.019 333.952 -0.019

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 Manila Bulletin Publishing (PHS:MB) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Bulletin Publishing stock appears to be overvalued. The current stock price of ₱0.18 is trading 6.5% above its estimated GF Value™ of ₱0.17. GuruFocus considers Manila Bulletin Publishing to be Fairly Valued.

Key valuation signals for PHS:MB:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ₱0.17 vs. price of ₱0.18 (6.5% above fair value)
  • GF Score™: 36/100 with 8 warning signs

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


Manila Bulletin Publishing Business Description

Address Muralla corner Recoletos Streets, Intramuros, Manila Bulletin Building, Manila, PHL, 0900
Manila Bulletin Publishing Corp mainly engaged in the publication, distribution, and advertising of news, magazines, and digital content. The company operates in the fields of journalism, publishing, advertising, and digital media. Its activities are Publishing and Printing: Producing and distributing content and news through print media, including newspapers and magazines, and through online platforms, extending the reach of its publications., and Advertising Services: Offering advertising solutions across its print, digital, and other media platforms for businesses and brands. Its services are Advertising Services, Subscription Services, Digital Content and Platforms, Special Projects & Partnerships. Its brands are Manila Bulletin, Tempo, Balita, Liwayway, Bannawag, etc.
36GF Score

Get the complete analysis for PHS:MB

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

₱0.18
Price
₱0.17
GF Value