Security Bank (PHS:SECB) Cyclically Adjusted PS Ratio: (As of Aug. 14, 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:SECB Security Bank Corp PHS:SECB
80 GF Score
Price ₱67.40
GF Value ₱102.13
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Security Bank Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Security Bank  (PHS:SECB) 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.


Security Bank Cyclically Adjusted PS Ratio Related Terms


Security Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Security Bank'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.

Security Bank Cyclically Adjusted PS Ratio Chart

Security Bank 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 2.99 1.95 1.46 1.61 1.09

Security Bank 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 1.20 1.21 1.09 1.05 0.00

Security Bank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Security Bank'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.


Security Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


PHS:SECB
80GF Score
Security Bank Corp PHS:SECB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Security Bank 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.

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

For example, Security Bank'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)
=23.406/333.9520*333.9520
=23.406

Current CPI (Jun. 2026) = 333.9520.

Security Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.812 241.428 9.423
201612 6.707 241.432 9.277
201703 8.222 243.801 11.262
201706 7.920 244.955 10.797
201709 7.533 246.819 10.192
201712 9.277 246.524 12.567
201803 8.382 249.554 11.217
201806 7.903 251.989 10.474
201809 8.607 252.439 11.386
201812 8.827 251.233 11.733
201903 9.975 254.202 13.104
201906 10.418 256.143 13.583
201909 11.648 256.759 15.150
201912 12.662 256.974 16.455
202003 17.535 258.115 22.687
202006 16.771 257.797 21.725
202009 19.067 260.280 24.464
202012 12.018 260.474 15.408
202103 11.655 264.877 14.694
202106 12.604 271.696 15.492
202109 12.082 274.310 14.709
202112 12.200 278.802 14.613
202203 12.278 287.504 14.262
202206 13.196 296.311 14.872
202209 13.504 296.808 15.194
202212 13.145 296.797 14.791
202303 12.976 301.836 14.357
202306 14.278 305.109 15.628
202309 13.974 307.789 15.162
202312 15.070 306.746 16.407
202403 16.510 312.332 17.653
202406 17.455 314.175 18.554
202409 19.003 315.301 20.127
202412 19.439 315.605 20.569
202503 20.483 319.799 21.389
202506 21.151 322.561 21.898
202509 22.404 324.800 23.035
202512 23.204 324.054 23.913
202603 22.177 330.213 22.428
202606 23.406 333.952 23.406

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 Security Bank (PHS:SECB) Overvalued in 2026?

Based on GuruFocus' analysis, Security Bank stock appears to be undervalued. The current stock price of ₱67.40 is trading 34% below its estimated GF Value™ of ₱102.13. GuruFocus considers Security Bank to be Significantly Undervalued.

Key valuation signals for PHS:SECB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₱102.13 vs. price of ₱67.40 (34% below fair value)
  • GF Score™: 80/100 with 2 warning signs

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


Security Bank Business Description

Other Exchanges SYBJF:USA
Address 6776 Ayala Avenue, Security Bank Centre, Makati City, PHL, 0719
Security Bank Corp is engaged in banking. It operates in four segments: the Financial Markets Segment focuses on providing the money market, foreign exchange, financial derivatives, securities distribution, asset management, trust, and fiduciary services; the Wholesale Banking Segment addresses the corporate, institutional, and public sector markets and commercial clients. Services include relationship management, lending and other credit facilities, trade, cash management, deposit-taking, and leasing services; the Retail Banking Segment addresses individual, retail, and small businesses; the Business Banking segment covers deposit-taking and servicing, consumer loans, credit card facilities, and bancassurance; and All Other Segments include other support services.
80GF Score

Get the complete analysis for PHS:SECB

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

₱67.40
Price
₱102.13
GF Value