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BNPQF (BNP Paribas) Cyclically Adjusted PB Ratio : 0.75 (As of Mar. 02, 2025)


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What is BNP Paribas Cyclically Adjusted PB Ratio?

As of today (2025-03-02), BNP Paribas's current share price is $75.711. BNP Paribas's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $101.48. BNP Paribas's Cyclically Adjusted PB Ratio for today is 0.75.

The historical rank and industry rank for BNP Paribas's Cyclically Adjusted PB Ratio or its related term are showing as below:

BNPQF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.61   Max: 0.88
Current: 0.73

During the past years, BNP Paribas's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.32. And the median was 0.61.

BNPQF's Cyclically Adjusted PB Ratio is ranked better than
71.31% of 1206 companies
in the Banks industry
Industry Median: 1.04 vs BNPQF: 0.73

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's adjusted book value per share data for the three months ended in Dec. 2024 was $118.786. 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 $101.48 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BNP Paribas Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BNP Paribas'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.

* Premium members only.

BNP Paribas Cyclically Adjusted PB Ratio Chart

BNP Paribas Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.73 0.59 0.65 0.59

BNP Paribas Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.65 0.68 0.60 0.62 0.59

Competitive Comparison of BNP Paribas's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, BNP Paribas'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's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



BNP Paribas 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.

BNP Paribas's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=75.711/101.48
=0.75

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, BNP Paribas's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=118.786/119.9500*119.9500
=118.786

Current CPI (Dec. 2024) = 119.9500.

BNP Paribas Quarterly Data

Book Value per Share CPI Adj_Book
201503 81.581 100.170 97.690
201506 83.147 100.440 99.298
201509 85.594 99.950 102.721
201512 84.237 100.040 101.002
201603 88.152 100.020 105.717
201606 87.967 100.630 104.856
201609 89.057 100.340 106.462
201612 85.215 100.650 101.555
201703 87.689 101.170 103.967
201706 89.494 101.320 105.950
201709 96.178 101.330 113.851
201712 94.266 101.850 111.018
201803 98.999 102.750 115.571
201806 92.365 103.370 107.180
201809 93.383 103.560 108.162
201812 92.527 103.470 107.264
201903 95.451 103.890 110.206
201906 94.375 104.580 108.245
201909 94.654 104.500 108.648
201912 95.622 104.980 109.258
202003 96.463 104.590 110.629
202006 100.605 104.790 115.160
202009 105.526 104.550 121.070
202012 109.947 104.960 125.649
202103 108.456 105.750 123.019
202106 111.906 106.340 126.228
202109 109.441 106.810 122.905
202112 108.004 107.850 120.121
202203 106.283 110.490 115.383
202206 99.457 112.550 105.996
202209 96.926 112.740 103.125
202212 104.122 114.160 109.403
202303 110.495 116.790 113.485
202306 111.624 117.650 113.806
202309 113.280 118.260 114.899
202312 117.599 118.390 119.149
202403 119.369 119.470 119.849
202406 116.400 120.200 116.158
202409 122.747 119.560 123.147
202412 118.786 119.950 118.786

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.


BNP Paribas  (OTCPK:BNPQF) 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.


BNP Paribas Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of BNP Paribas's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


BNP Paribas Business Description

Industry
Address
16, Boulevard Des Italiens, Paris, FRA, 75009
The merger of Banque Nationale de Paris and Paribas created BNP Paribas in 2000, making it the largest publicly traded bank in France. Although BNP Paribas has operations in about 80 countries, it considers France, Italy, and Belgium to be its home markets.