Banque Centrale Populaire (CAS:BCP) Cyclically Adjusted Book per Share: MAD193.60 (As of Dec. 2025)


CAS:BCP Banque Centrale Populaire SA CAS:BCP
53 GF Score
Price MAD257.05
GF Value MAD352.85
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Banque Centrale Populaire Cyclically Adjusted Book per Share?

Banque Centrale Populaire CAS:BCP +2.82% 53 Cyclically Adjusted Book per Share is MAD193.60 as of Dec. 2025. GuruFocus rates CAS:BCP with a GF Score™ of 53/100 and a GF Value™ of MAD352.85 (Modestly Undervalued). The stock has 1 warning sign 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.

Banque Centrale Populaire's adjusted book value per share for the three months ended in Dec. 2025 was MAD181.863. 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 MAD193.60 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Banque Centrale Populaire's average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.10% 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 Banque Centrale Populaire was 3.40% per year. The lowest was 1.10% per year. And the median was 2.25% per year.

As of today (2026-06-27), Banque Centrale Populaire's current stock price is MAD257.05. Banque Centrale Populaire's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was MAD193.60. Banque Centrale Populaire's Cyclically Adjusted PB Ratio of today is 1.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Banque Centrale Populaire was 1.72. The lowest was 1.04. And the median was 1.44.


Banque Centrale Populaire  (CAS:BCP) 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.

Banque Centrale Populaire's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=257.05/193.60
=1.33

* 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 Banque Centrale Populaire was 1.72. The lowest was 1.04. And the median was 1.44.


Be Aware

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


Banque Centrale Populaire Cyclically Adjusted Book per Share Related Terms


Banque Centrale Populaire Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Banque Centrale Populaire'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.

Banque Centrale Populaire Cyclically Adjusted Book per Share Chart

Banque Centrale Populaire 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 172.83 187.49 189.57 191.22 193.60

Banque Centrale Populaire Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 191.22 193.02 194.50 194.64 193.60

CAS:BCP vs PNC, USB: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Banque Centrale Populaire'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.


Banque Centrale Populaire Cyclically Adjusted PB Ratio vs Banks Industry

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

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


CAS:BCP
53GF Score
Banque Centrale Populaire SA CAS:BCP
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banque Centrale Populaire 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, Banque Centrale Populaire's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=181.863/324.0540*324.0540
=181.863

Current CPI (Dec. 2025) = 324.0540.

Banque Centrale Populaire Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.000 238.132 0.000
201606 151.564 241.018 203.781
201609 0.000 241.428 0.000
201612 157.908 241.432 211.947
201703 162.187 243.801 215.575
201706 154.757 244.955 204.730
201709 161.275 246.819 211.741
201712 147.285 246.524 193.605
201803 155.588 249.554 202.036
201806 147.373 251.989 189.519
201809 149.725 252.439 192.201
201812 155.789 251.233 200.945
201903 144.256 254.202 183.896
201906 164.683 256.143 208.345
201909 167.238 256.759 211.070
201912 171.395 256.974 216.136
202003 170.815 258.115 214.452
202006 168.629 257.797 211.969
202009 161.953 260.280 201.635
202012 161.128 260.474 200.458
202103 163.945 264.877 200.572
202106 160.324 271.696 191.220
202109 163.035 274.310 192.600
202112 160.612 278.802 186.681
202203 164.537 287.504 185.454
202206 158.955 296.311 173.838
202209 161.219 296.808 176.018
202212 162.124 296.797 177.013
202303 165.364 301.836 177.536
202306 164.240 305.109 174.438
202309 171.019 307.789 180.056
202312 171.686 306.746 181.373
202403 178.098 312.332 184.782
202406 173.715 314.175 179.177
202409 180.658 315.301 185.673
202412 182.202 315.605 187.080
202503 188.614 319.799 191.124
202506 184.821 322.561 185.676
202509 190.958 324.800 190.519
202512 181.863 324.054 181.863

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 MAD193.60 mean?
Banque Centrale Populaire (CAS:BCP) has a Cyclically Adjusted Book per Share of MAD193.60 as of Dec. 2025. 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 Banque Centrale Populaire and its competitors.
Is Banque Centrale Populaire's Cyclically Adjusted Book per Share too high?
Banque Centrale Populaire's current Cyclically Adjusted Book per Share is MAD193.60. Overall, Banque Centrale Populaire has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banque Centrale Populaire's Cyclically Adjusted Book per Share compare to PNC and USB?
Banque Centrale Populaire's Cyclically Adjusted Book per Share of MAD193.60 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 Banque Centrale Populaire and its competitors. Banque Centrale Populaire's current Cyclically Adjusted Book per Share is MAD193.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banque Centrale Populaire stock overvalued right now?
Based on GuruFocus' analysis, Banque Centrale Populaire (CAS:BCP) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD352.85, compared to a current price of MAD257.05 — trading 27.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is MAD193.60. Banque Centrale Populaire's overall GF Score™ is 53/100 with 1 warning sign 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 Banque Centrale Populaire (CAS:BCP), the current Cyclically Adjusted Book per Share is MAD193.60 as of Dec. 2025. 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 Banque Centrale Populaire (CAS:BCP) Overvalued in 2026?

Based on GuruFocus' analysis, Banque Centrale Populaire stock appears to be undervalued. The current stock price of MAD257.05 is trading 27.2% below its estimated GF Value™ of MAD352.85. GuruFocus considers Banque Centrale Populaire to be Modestly Undervalued.

Key valuation signals for CAS:BCP:

  • Cyclically Adjusted Book per Share: MAD193.60
  • GF Value™: MAD352.85 vs. price of MAD257.05 (27.2% below fair value)
  • GF Score™: 53/100 with 1 warning sign

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


Banque Centrale Populaire Business Description

Address 101, Boulevard Mohamed Zerktouni, BP: 10 622, Casablanca, MAR, 21100
Banque Centrale Populaire SA is a Malaysia-based company. The company is a credit establishment. It carries all banking transaction and is also a central banking body for Banques Populaires Regionales. The bank services include private banking, transaction banking, business banking, asset management, and others. The bank receives maximum revenue in the form of interest income. Geographically, the company offers its services to Morocco, Africa, Europe, and Other regions.
53GF Score

Get the complete analysis for CAS:BCP

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

MAD257.05
Price
MAD352.85
GF Value