Banco Popular (Bogota) (BOG:POPULAR) Cyclically Adjusted PB Ratio: 0.30 (As of Aug. 30, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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BOG:POPULAR Banco Popular SA (Bogota) BOG:POPULAR
52 GF Score
Price COP135.00
GF Value COP220.40
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Banco Popular (Bogota) Cyclically Adjusted PB Ratio?

Banco Popular (Bogota) BOG:POPULAR 52 Cyclically Adjusted PB Ratio is 0.30 as of Aug. 30, 2026, which is 7% above its 10-year median of 0.28. GuruFocus rates BOG:POPULAR with a GF Score™ of 52/100 and a GF Value™ of COP220.40 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,275 Banks companies, Banco Popular (Bogota) ranks better than 94.82% on this metric.

As of today (2026-08-30), Banco Popular (Bogota)'s current share price is COP135.00. Banco Popular (Bogota)'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was COP446.60. Banco Popular (Bogota)'s Cyclically Adjusted PB Ratio for today is 0.30.

The historical rank and industry rank for Banco Popular (Bogota)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

BOG:POPULAR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.28   Max: 0.45
Current: 0.3

During the past years, Banco Popular (Bogota)'s highest Cyclically Adjusted PB Ratio was 0.45. The lowest was 0.27. And the median was 0.28.

BOG:POPULAR's Cyclically Adjusted PB Ratio is ranked better than
94.82% of 1275 companies
in the Banks industry
Industry Median: 1.28 vs BOG:POPULAR: 0.30

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.

Banco Popular (Bogota)'s adjusted book value per share data for the three months ended in Jun. 2026 was COP341.407. 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 COP446.60 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Popular (Bogota)  (BOG:POPULAR) 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.


Banco Popular (Bogota) Cyclically Adjusted PB Ratio Related Terms


Banco Popular (Bogota) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Banco Popular (Bogota)'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.

Banco Popular (Bogota) Cyclically Adjusted PB Ratio Chart

Banco Popular (Bogota) 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 0.00 0.00 0.00 0.00 0.28

Banco Popular (Bogota) 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 0.38 0.28 0.28 0.27 0.27

BOG:POPULAR vs PNC, USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Banco Popular (Bogota)'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.


Banco Popular (Bogota) Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Banco Popular (Bogota)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Banco Popular (Bogota)'s Cyclically Adjusted PB Ratio falls into.


BOG:POPULAR
52GF Score
Banco Popular SA (Bogota) BOG:POPULAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banco Popular (Bogota) 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.

Banco Popular (Bogota)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=135.00/446.60
=0.30

* 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.

Banco Popular (Bogota)'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Banco Popular (Bogota)'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)
=341.407/333.9520*333.9520
=341.407

Current CPI (Jun. 2026) = 333.9520.

Banco Popular (Bogota) Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 350.054 241.432 484.199
201703 335.468 243.801 459.515
201706 340.331 244.955 463.980
201709 345.243 246.819 467.122
201712 349.469 246.524 473.406
201803 338.178 249.554 452.548
201806 347.597 251.989 460.658
201809 350.358 252.439 463.489
201812 369.988 251.233 491.807
201903 367.653 254.202 482.996
201906 379.232 256.143 494.432
201909 390.792 256.759 508.281
201912 393.423 256.974 511.275
202003 381.175 258.115 493.168
202006 386.701 257.797 500.935
202009 398.724 260.280 511.582
202012 408.815 260.474 524.139
202103 406.144 264.877 512.059
202106 415.434 271.696 510.626
202109 424.568 274.310 516.880
202112 432.493 278.802 518.045
202203 418.738 287.504 486.388
202206 422.733 296.311 476.434
202209 419.604 296.808 472.115
202212 412.686 296.797 464.349
202303 407.376 301.836 450.722
202306 393.435 305.109 430.628
202309 379.706 307.789 411.982
202312 365.659 306.746 398.090
202403 359.764 312.332 384.667
202406 348.204 314.175 370.123
202409 342.352 315.301 362.603
202412 328.392 315.605 347.482
202503 329.676 319.799 344.266
202506 331.439 322.561 343.144
202509 336.667 324.800 346.153
202512 338.774 324.054 349.122
202603 332.758 330.213 336.526
202606 341.407 333.952 341.407

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.

What does a Cyclically Adjusted PB Ratio of 0.30 mean?
Banco Popular (Bogota) (BOG:POPULAR) has a Cyclically Adjusted PB Ratio of 0.30 as of Aug. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Banco Popular (Bogota) and its competitors. This is near median its historical median of 0.28. Over the past decade, Banco Popular (Bogota)'s Cyclically Adjusted PB Ratio has ranged from 0.27 to 0.45. According to the industry distribution chart, Banco Popular (Bogota) ranks #66 out of 1275 companies in the Banks industry, placing it in the top 5.2%.
Is Banco Popular (Bogota)'s Cyclically Adjusted PB Ratio too high?
Banco Popular (Bogota)'s current Cyclically Adjusted PB Ratio of 0.30 is near median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.45. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. Banco Popular (Bogota)'s value of 0.30 is 76.6% below this industry median. Based on the distribution chart, Banco Popular (Bogota) ranks #66 out of 1275 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Banco Popular (Bogota) has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banco Popular (Bogota)'s Cyclically Adjusted PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Banco Popular (Bogota) ranks #66 out of 1275 companies for Cyclically Adjusted PB Ratio. This places Banco Popular (Bogota) in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.28. Banco Popular (Bogota)'s value of 0.30 is 76.6% below this benchmark. Historically, Banco Popular (Bogota)'s own Cyclically Adjusted PB Ratio has ranged from 0.27 to 0.45 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 1.28, Banco Popular (Bogota) has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,275 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Banco Popular (Bogota)'s current Cyclically Adjusted PB Ratio of 0.30 is 76.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Banco Popular (Bogota) and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco Popular (Bogota)'s current Cyclically Adjusted PB Ratio is 0.30, which is near median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Popular (Bogota) stock overvalued right now?
Based on GuruFocus' analysis, Banco Popular (Bogota) (BOG:POPULAR) is currently considered Significantly Undervalued. The stock's GF Value™ is COP220.40, compared to a current price of COP135.00 — trading 38.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.30, which is near median its 10-year median of 0.28 and 76.6% below the Banks industry median of 1.28. Banco Popular (Bogota)'s overall GF Score™ is 52/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Banco Popular (Bogota) (BOG:POPULAR), the current Cyclically Adjusted PB Ratio is 0.30 as of Aug. 30, 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 Banco Popular (Bogota) (BOG:POPULAR) Overvalued in 2026?

Based on GuruFocus' analysis, Banco Popular (Bogota) stock appears to be undervalued. The current stock price of COP135.00 is trading 38.7% below its estimated GF Value™ of COP220.40. GuruFocus considers Banco Popular (Bogota) to be Significantly Undervalued.

Key valuation signals for BOG:POPULAR:

  • Cyclically Adjusted PB Ratio: 0.30 (near median its 10-year median of 0.28)
  • GF Value™: COP220.40 vs. price of COP135.00 (38.7% below fair value)
  • GF Score™: 52/100 with 3 warning signs
  • Industry Position: 76.6% below the Banks median (#66 of 1275)

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


Banco Popular (Bogota) Business Description

Address Calle 17 No. 7-43, Piso 3, Bogota, COL
Banco Popular SA (Bogota) provides various banking products and services to individuals, agencies, medium-sized businesses, and public sector companies in Colombia. It offers personal, business, and corporate banking services.
52GF Score

Get the complete analysis for BOG:POPULAR

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

COP135.00
Price
COP220.40
GF Value