BNP Paribas Bank Polska (FRA:82MA) Cyclically Adjusted Book per Share: €25.00 (As of Jun. 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.

FRA:82MA BNP Paribas Bank Polska SA FRA:82MA
78 GF Score
Price €34.55
GF Value €23.34
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is BNP Paribas Bank Polska Cyclically Adjusted Book per Share?

BNP Paribas Bank Polska FRA:82MA -1.00% 78 Cyclically Adjusted Book per Share is €25.00 as of Jun. 2026. GuruFocus rates FRA:82MA with a GF Score™ of 78/100 and a GF Value™ of €23.34 (Significantly Overvalued). The stock has 7 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.

BNP Paribas Bank Polska's adjusted book value per share for the three months ended in Jun. 2026 was €27.102. 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 €25.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, BNP Paribas Bank Polska's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.20% 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 BNP Paribas Bank Polska was 10.00% per year. The lowest was 3.40% per year. And the median was 8.60% per year.

As of today (2026-08-14), BNP Paribas Bank Polska's current stock price is €34.55. BNP Paribas Bank Polska's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €25.00. BNP Paribas Bank Polska's Cyclically Adjusted PB Ratio of today is 1.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BNP Paribas Bank Polska was 1.50. The lowest was 0.43. And the median was 0.85.


BNP Paribas Bank Polska  (FRA:82MA) 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.

BNP Paribas Bank Polska's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=34.55/25.00
=1.38

* 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 BNP Paribas Bank Polska was 1.50. The lowest was 0.43. And the median was 0.85.


Be Aware

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


BNP Paribas Bank Polska Cyclically Adjusted Book per Share Related Terms


BNP Paribas Bank Polska Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for BNP Paribas Bank Polska'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.

BNP Paribas Bank Polska Cyclically Adjusted Book per Share Chart

BNP Paribas Bank Polska 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 17.18 20.41 23.13 23.65 24.84

BNP Paribas Bank Polska 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 25.74 24.46 24.84 24.31 25.00

FRA:82MA vs PNC, USB: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, BNP Paribas Bank Polska'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.


BNP Paribas Bank Polska Cyclically Adjusted PB Ratio vs Banks Industry

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

* The bar in red indicates where BNP Paribas Bank Polska's Cyclically Adjusted PB Ratio falls into.


FRA:82MA
78GF Score
BNP Paribas Bank Polska SA FRA:82MA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BNP Paribas Bank Polska 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, BNP Paribas Bank Polska'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)
=27.102/162.2800*162.2800
=27.102

Current CPI (Jun. 2026) = 162.2800.

BNP Paribas Bank Polska Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.627 99.064 28.875
201612 17.144 100.366 27.720
201703 17.462 101.018 28.052
201706 17.798 101.180 28.546
201709 18.053 101.343 28.908
201712 18.295 102.564 28.947
201803 17.666 102.564 27.952
201806 17.879 103.378 28.066
201809 17.690 103.378 27.769
201812 16.830 103.785 26.316
201903 17.031 104.274 26.505
201906 17.410 105.983 26.658
201909 17.606 105.983 26.958
201912 17.786 107.123 26.944
202003 17.982 109.076 26.753
202006 18.425 109.402 27.331
202009 18.839 109.320 27.965
202012 19.174 109.565 28.399
202103 19.292 112.658 27.790
202106 19.364 113.960 27.574
202109 19.412 115.588 27.253
202112 18.096 119.088 24.659
202203 17.912 125.031 23.248
202206 17.812 131.705 21.947
202209 17.293 135.531 20.706
202212 17.928 139.113 20.914
202303 19.081 145.950 21.216
202306 20.069 147.009 22.154
202309 20.891 146.113 23.203
202312 20.462 147.741 22.476
202403 21.457 149.044 23.363
202406 21.634 150.997 23.251
202409 22.744 153.439 24.054
202412 24.471 154.660 25.677
202503 25.730 157.021 26.592
202506 25.148 157.509 25.910
202509 26.376 158.000 27.090
202512 27.960 158.320 28.659
202603 28.400 163.070 28.262
202606 27.102 162.280 27.102

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 €25.00 mean?
BNP Paribas Bank Polska (FRA:82MA) has a Cyclically Adjusted Book per Share of €25.00 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 BNP Paribas Bank Polska and its competitors.
Is BNP Paribas Bank Polska's Cyclically Adjusted Book per Share too high?
BNP Paribas Bank Polska's current Cyclically Adjusted Book per Share is €25.00. Overall, BNP Paribas Bank Polska has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BNP Paribas Bank Polska's Cyclically Adjusted Book per Share compare to PNC and USB?
BNP Paribas Bank Polska's Cyclically Adjusted Book per Share of €25.00 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 BNP Paribas Bank Polska and its competitors. BNP Paribas Bank Polska's current Cyclically Adjusted Book per Share is €25.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNP Paribas Bank Polska stock overvalued right now?
Based on GuruFocus' analysis, BNP Paribas Bank Polska (FRA:82MA) is currently considered Significantly Overvalued. The stock's GF Value™ is €23.34, compared to a current price of €34.55 — trading 48% above its estimated fair value. The current Cyclically Adjusted Book per Share is €25.00. BNP Paribas Bank Polska's overall GF Score™ is 78/100 with 7 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 BNP Paribas Bank Polska (FRA:82MA), the current Cyclically Adjusted Book per Share is €25.00 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 BNP Paribas Bank Polska (FRA:82MA) Overvalued in 2026?

Based on GuruFocus' analysis, BNP Paribas Bank Polska stock appears to be overvalued. The current stock price of €34.55 is trading 48% above its estimated GF Value™ of €23.34. GuruFocus considers BNP Paribas Bank Polska to be Significantly Overvalued.

Key valuation signals for FRA:82MA:

  • Cyclically Adjusted Book per Share: €25.00
  • GF Value™: €23.34 vs. price of €34.55 (48% above fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the FRA:82MA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BNP Paribas Bank Polska Business Description

Other Exchanges BNP:Poland
Address Kasprzaka 2, Warsaw, POL, 01-211
BNP Paribas Bank Polska SA is a universal commercial bank offering a wide range of banking services provided to individual and institutional customers in accordance with the scope of services specified in the Bank's Articles of Association. The Bank operates both in Polish zlotys and foreign currencies and actively participates in trading on domestic and foreign financial markets. In addition, through its subsidiaries, the Group conducts brokerage and leasing activities and provides other financial services. Its reportable operating segments include Retail and Business Banking, Small and Medium-Sized Enterprises (SME), Corporate Banking, Corporate and Institutional Banking (CIB), and Other Operations, including ALM Treasury and the Corporate Centre.
78GF Score

Get the complete analysis for FRA:82MA

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

€34.55
Price
€23.34
GF Value