BDO Unibank (FRA:ZB9) Cyclically Adjusted PS Ratio: (As of Sep. 02, 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.

FRA:ZB9 BDO Unibank Inc FRA:ZB9
64 GF Score
Price €18.22
GF Value €26.22
Valuation Possible Value Trap
! 4 Warning Signs
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What is BDO Unibank Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


BDO Unibank  (FRA:ZB9) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


BDO Unibank Cyclically Adjusted PS Ratio Related Terms


BDO Unibank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BDO Unibank's Cyclically Adjusted PS 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.

BDO Unibank Cyclically Adjusted PS Ratio Chart

BDO Unibank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.84 3.62 4.02 4.06 3.49

BDO Unibank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 4.07 3.45 3.49 2.82 2.90

BDO Unibank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, BDO Unibank's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


BDO Unibank Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, BDO Unibank's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where BDO Unibank's Cyclically Adjusted PS Ratio falls into.


FRA:ZB9
64GF Score
BDO Unibank Inc FRA:ZB9
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BDO Unibank Cyclically Adjusted PS Ratio Calculation

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

BDO Unibank's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, BDO Unibank's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=144.015/333.9520*333.9520
=144.015

Current CPI (Jun. 2026) = 333.9520.

BDO Unibank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 57.133 241.428 79.028
201612 44.461 241.432 61.499
201703 59.498 243.801 81.499
201706 61.984 244.955 84.504
201709 62.773 246.819 84.933
201712 44.711 246.524 60.567
201803 59.572 249.554 79.719
201806 67.905 251.989 89.992
201809 72.792 252.439 96.297
201812 55.173 251.233 73.339
201903 78.181 254.202 102.708
201906 82.977 256.143 108.183
201909 87.499 256.759 113.805
201912 56.134 256.974 72.949
202003 83.431 258.115 107.944
202006 90.826 257.797 117.657
202009 85.961 260.280 110.292
202012 70.339 260.474 90.181
202103 87.043 264.877 109.742
202106 88.263 271.696 108.487
202109 90.183 274.310 109.791
202112 61.783 278.802 74.004
202203 93.529 287.504 108.639
202206 99.692 296.311 112.356
202209 108.267 296.808 121.816
202212 30.375 296.797 34.178
202303 115.564 301.836 127.860
202306 123.033 305.109 134.664
202309 114.101 307.789 123.800
202312 76.933 306.746 83.756
202403 115.155 312.332 123.126
202406 122.524 314.175 130.237
202409 123.714 315.301 131.032
202412 70.758 315.605 74.871
202503 125.340 319.799 130.887
202506 134.215 322.561 138.955
202509 135.947 324.800 139.778
202512 71.225 324.054 73.401
202603 137.461 330.213 139.017
202606 144.015 333.952 144.015

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 BDO Unibank (FRA:ZB9) Overvalued in 2026?

Based on GuruFocus' analysis, BDO Unibank stock appears to be undervalued. The current stock price of €18.22 is trading 30.5% below its estimated GF Value™ of €26.22. GuruFocus considers BDO Unibank to be Possible Value Trap.

Key valuation signals for FRA:ZB9:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €26.22 vs. price of €18.22 (30.5% below fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the FRA:ZB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BDO Unibank Business Description

Other Exchanges BDOUY:USABDO:Philippines
Address 7899 Makati Avenue, BDO Corporate Center, Makati, PHL, 0726
BDO Unibank Inc is a full-service universal bank in the Philippines. The company's operating segment consists of Commercial banking, Investment banking, Private banking, Leasing and financing, Insurance, and Others. The company generates the majority of its revenue from the Commercial Banking segment, which handles the entire lending (corporate and consumer), trade financing and cash management services for corporate and retail customers. Geographically, the majority of its revenue is derived from the Philippines.
64GF Score

Get the complete analysis for FRA:ZB9

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

€18.22
Price
€26.22
GF Value