BANC (Banc of California) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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.

BANC Banc of California Inc BANC
68 GF Score
Price $18.32
GF Value $17.24
Valuation Fairly Valued
! 4 Warning Signs
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What is Banc of California Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banc of California  (NYSE:BANC) Cyclically Adjusted PB Ratio Explanation

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


Banc of California Cyclically Adjusted PB Ratio Related Terms


Banc of California Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Banc of California's Cyclically Adjusted PB 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.

Banc of California Cyclically Adjusted PB Ratio Chart

Banc of California Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 0.83 0.68 0.75 0.90

Banc of California Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB 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 0.76 0.88 1.02 0.91 1.05

BANC vs FBK, BOH, PFS: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Banc of California'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.


Banc of California Cyclically Adjusted PB Ratio vs Banks Industry

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

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


BANC
68GF Score
Banc of California Inc BANC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Banc of California Cyclically Adjusted PB Ratio Calculation

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

Banc of California's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Banc of California'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)
=18.378/333.9520*333.9520
=18.378

Current CPI (Jun. 2026) = 333.9520.

Banc of California Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.122 241.428 19.534
201612 14.253 241.432 19.715
201703 14.368 243.801 19.681
201706 14.643 244.955 19.963
201709 14.741 246.819 19.945
201712 14.691 246.524 19.901
201803 14.325 249.554 19.170
201806 14.237 251.989 18.868
201809 14.125 252.439 18.686
201812 14.105 251.233 18.749
201903 14.120 254.202 18.550
201906 14.396 256.143 18.769
201909 13.976 256.759 18.178
201912 14.097 256.974 18.320
202003 12.928 258.115 16.726
202006 13.178 257.797 17.071
202009 13.722 260.280 17.606
202012 14.177 260.474 18.176
202103 14.019 264.877 17.675
202106 14.460 271.696 17.773
202109 14.761 274.310 17.970
202112 15.484 278.802 18.547
202203 15.650 287.504 18.178
202206 15.698 296.311 17.692
202209 15.825 296.808 17.805
202212 44.603 296.797 50.187
202303 16.332 301.836 18.070
202306 16.667 305.109 18.243
202309 17.440 307.789 18.922
202312 17.206 306.746 18.732
202403 17.212 312.332 18.403
202406 17.259 314.175 18.345
202409 17.780 315.301 18.832
202412 17.801 315.605 18.836
202503 18.188 319.799 18.993
202506 18.585 322.561 19.241
202509 19.095 324.800 19.633
202512 19.573 324.054 20.171
202603 19.811 330.213 20.035
202606 18.378 333.952 18.378

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

Is Banc of California (BANC) Overvalued in 2026?

Based on GuruFocus' analysis, Banc of California stock appears to be overvalued. The current stock price of $18.32 is trading 6.3% above its estimated GF Value™ of $17.24. GuruFocus considers Banc of California to be Fairly Valued.

Key valuation signals for BANC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $17.24 vs. price of $18.32 (6.3% above fair value)
  • GF Score™: 68/100 with 4 warning signs

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


Banc of California Business Description

Other Exchanges FPB:Germany
Address 11611 San Vicente Boulevard, Suite 500, Los Angeles, CA, USA, 90049
Banc of California Inc is a financial holding company. It offers banking and financial services. Its services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California's diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate. The company has one reportable segment named Commercial banking.
68GF Score

Get the complete analysis for BANC

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

$18.32
Price
$17.24
GF Value