BCDRF (Bancontander) Cyclically Adjusted Book per Share: $7.50 (As of Jun. 2026)

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BCDRF Banco Santander SA BCDRF
59 GF Score
Price $13.98
GF Value $6.27
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Bancontander Cyclically Adjusted Book per Share?

Bancontander BCDRF +2.42% 59 Cyclically Adjusted Book per Share is $7.50 as of Jun. 2026. GuruFocus rates BCDRF with a GF Score™ of 59/100 and a GF Value™ of $6.27 (Significantly Overvalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Bancontander's adjusted book value per share for the three months ended in Jun. 2026 was $8.576. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $7.50 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Bancontander's average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Bancontander was 19.40% per year. The lowest was -4.10% per year. And the median was 6.10% per year.

As of today (2026-08-03), Bancontander's current stock price is $13.98. Bancontander's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $7.50. Bancontander's Cyclically Adjusted PB Ratio of today is 1.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bancontander was 1.85. The lowest was 0.23. And the median was 0.56.


Bancontander  (OTCPK:BCDRF) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Bancontander's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.98/7.50
=1.86

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bancontander was 1.85. The lowest was 0.23. And the median was 0.56.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Bancontander Cyclically Adjusted Book per Share Related Terms


Bancontander Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bancontander's Cyclically Adjusted Book per Share 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.

Bancontander Cyclically Adjusted Book per Share Chart

Bancontander Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.19 6.69 6.78 6.27 8.02

Bancontander Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 7.80 7.86 8.02 8.00 7.50

BCDRF vs JPM, BAC, WFC: Cyclically Adjusted Book per Share Comparison

For the Banks - Diversified subindustry, Bancontander'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.


Bancontander Cyclically Adjusted PB Ratio vs Banks Industry

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

* The bar in red indicates where Bancontander's Cyclically Adjusted PB Ratio falls into.


BCDRF
59GF Score
Banco Santander SA BCDRF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bancontander Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Bancontander'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)
=8.576/131.3300*131.3300
=8.576

Current CPI (Jun. 2026) = 131.3300.

Bancontander Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.524 99.737 8.591
201612 6.211 101.842 8.009
201703 6.412 100.896 8.346
201706 6.458 101.848 8.327
201709 6.840 101.524 8.848
201712 6.644 102.975 8.473
201803 6.957 102.122 8.947
201806 6.525 104.165 8.227
201809 6.586 103.818 8.331
201812 6.483 104.193 8.171
201903 6.592 103.488 8.366
201906 6.578 104.612 8.258
201909 6.221 103.905 7.863
201912 6.415 105.015 8.023
202003 6.152 103.469 7.809
202006 5.351 104.254 6.741
202009 5.562 103.521 7.056
202012 5.725 104.456 7.198
202103 5.671 104.857 7.103
202106 5.943 107.102 7.287
202109 5.819 107.669 7.098
202112 5.757 111.298 6.793
202203 5.741 115.153 6.548
202206 5.634 118.044 6.268
202209 5.366 117.221 6.012
202212 5.620 117.650 6.273
202303 5.893 118.948 6.506
202306 6.257 120.278 6.832
202309 6.215 121.343 6.727
202312 6.550 121.300 7.092
202403 6.658 122.762 7.123
202406 6.662 124.409 7.033
202409 6.966 123.121 7.430
202412 6.821 124.753 7.181
202503 7.289 125.531 7.626
202506 7.788 127.251 8.038
202509 8.006 126.840 8.289
202512 8.230 128.400 8.418
202603 8.497 129.860 8.593
202606 8.576 131.330 8.576

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $7.50 mean?
Bancontander (BCDRF) has a Cyclically Adjusted Book per Share of $7.50 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Bancontander and its competitors.
Is Bancontander's Cyclically Adjusted Book per Share too high?
Bancontander's current Cyclically Adjusted Book per Share is $7.50. Overall, Bancontander has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bancontander's Cyclically Adjusted Book per Share compare to JPM and BAC?
Bancontander's Cyclically Adjusted Book per Share of $7.50 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Bancontander and its competitors. Bancontander's current Cyclically Adjusted Book per Share is $7.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bancontander stock overvalued right now?
Based on GuruFocus' analysis, Bancontander (BCDRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.27, compared to a current price of $13.98 — trading 123% above its estimated fair value. The current Cyclically Adjusted Book per Share is $7.50. Bancontander's overall GF Score™ is 59/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Bancontander (BCDRF), the current Cyclically Adjusted Book per Share is $7.50 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bancontander (BCDRF) Overvalued in 2026?

Based on GuruFocus' analysis, Bancontander stock appears to be overvalued. The current stock price of $13.98 is trading 123% above its estimated GF Value™ of $6.27. GuruFocus considers Bancontander to be Significantly Overvalued.

Key valuation signals for BCDRF:

  • Cyclically Adjusted Book per Share: $7.50
  • GF Value™: $6.27 vs. price of $13.98 (123% above fair value)
  • GF Score™: 59/100 with 5 warning signs

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


Bancontander Business Description

Address Avenida de Cantabria s/n, Boadilla del Monte, Ciudad Grupo Santander, Madrid, ESP, 28660
Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's UK presence is the result of its acquisition of Abbey building society. In the US, Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.
59GF Score

Get the complete analysis for BCDRF

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

$13.98
Price
$6.27
GF Value