Banca Transilvania (BSE:TLV) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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Charlie Tian
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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.

BSE:TLV Banca Transilvania SA BSE:TLV
79 GF Score
Price lei35.50
GF Value lei28.69
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Banca Transilvania Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banca Transilvania  (BSE:TLV) 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.


Banca Transilvania Cyclically Adjusted PB Ratio Related Terms


Banca Transilvania Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Banca Transilvania'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.

Banca Transilvania Cyclically Adjusted PB Ratio Chart

Banca Transilvania 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 2.17 1.65 1.97 2.18 2.56

Banca Transilvania 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 2.45 2.63 2.56 2.98 3.19

BSE:TLV vs USB, PNC: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Banca Transilvania'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.


Banca Transilvania Cyclically Adjusted PB Ratio vs Banks Industry

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

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


BSE:TLV
79GF Score
Banca Transilvania SA BSE:TLV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Banca Transilvania 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.

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

For example, Banca Transilvania'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)
=17.581/333.9520*333.9520
=17.581

Current CPI (Jun. 2026) = 333.9520.

Banca Transilvania Quarterly Data

Book Value per Share CPI Adj_Book
201509 4.758 237.945 6.678
201512 5.005 236.525 7.067
201603 5.212 238.132 7.309
201609 4.650 241.428 6.432
201703 243.801 0.000
201709 5.503 246.819 7.446
201803 5.922 249.554 7.925
201806 5.844 251.989 7.745
201809 6.282 252.439 8.310
201812 6.320 251.233 8.401
201903 6.694 254.202 8.794
201906 6.664 256.143 8.688
201909 7.281 256.759 9.470
201912 7.433 256.974 9.660
202003 7.379 258.115 9.547
202006 7.485 257.797 9.696
202009 7.928 260.280 10.172
202012 8.370 260.474 10.731
202103 8.861 264.877 11.172
202106 9.033 271.696 11.103
202109 8.635 274.310 10.512
202112 8.490 278.802 10.169
202203 7.906 287.504 9.183
202206 8.018 296.311 9.037
202209 8.433 296.808 9.488
202212 7.612 296.797 8.565
202303 8.723 301.836 9.651
202306 9.880 305.109 10.814
202309 9.963 307.789 10.810
202312 11.169 306.746 12.160
202403 12.128 312.332 12.968
202406 12.049 314.175 12.807
202409 13.762 315.301 14.576
202412 14.014 315.605 14.829
202503 14.814 319.799 15.470
202506 14.465 322.561 14.976
202509 15.673 324.800 16.115
202512 16.697 324.054 17.207
202603 17.317 330.213 17.513
202606 17.581 333.952 17.581

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 Banca Transilvania (BSE:TLV) Overvalued in 2026?

Based on GuruFocus' analysis, Banca Transilvania stock appears to be overvalued. The current stock price of lei35.50 is trading 23.7% above its estimated GF Value™ of lei28.69. GuruFocus considers Banca Transilvania to be Modestly Overvalued.

Key valuation signals for BSE:TLV:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: lei28.69 vs. price of lei35.50 (23.7% above fair value)
  • GF Score™: 79/100 with 8 warning signs

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


Banca Transilvania Business Description

Other Exchanges 0DP9:UK7TB:Germany
Address 30-36 Calea Dorobantilor, Cluj-Napoca, ROU
Banca Transilvania SA Is a bank for entrepreneurs in Romania. It provides banking products and services to corporate and retail clients and its operation format is broken down into various segments which include Large and medium corporate customers, Small and medium-sized enterprises, Micro business clients, Retail, Treasury, Leasing, and customer finance, and others. The group takes an active role in offering products and services such as lending services, cash management services, asset management, investment, mortgage, deposits, card services, internet banking, tax assistance, and financial services for a medical specialty. Besides, the firm also offers financial investment management, brokerage service, factoring, and real estate services.
79GF Score

Get the complete analysis for BSE:TLV

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

lei35.50
Price
lei28.69
GF Value