Barclays (BSP:B1CS34) Cyclically Adjusted PB Ratio: 1.00 (As of Jul. 20, 2026) — 127% Above Median

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.

BSP:B1CS34 Barclays PLC BSP:B1CS34
56 GF Score
Price R$141.68
GF Value R$89.14
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Barclays Cyclically Adjusted PB Ratio?

Barclays BSP:B1CS34 -1.42% 56 Cyclically Adjusted PB Ratio is 1.00 as of Jul. 20, 2026, which is 127% above its 10-year median of 0.44. GuruFocus rates BSP:B1CS34 with a GF Score™ of 56/100 and a GF Value™ of R$89.14 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,297 Banks companies, Barclays ranks better than 63.92% on this metric.

As of today (2026-07-20), Barclays's current share price is R$141.68. Barclays's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$141.44. Barclays's Cyclically Adjusted PB Ratio for today is 1.00.

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

BSP:B1CS34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.44   Max: 1.03
Current: 1.02

During the past years, Barclays's highest Cyclically Adjusted PB Ratio was 1.03. The lowest was 0.20. And the median was 0.44.

BSP:B1CS34's Cyclically Adjusted PB Ratio is ranked better than
63.92% of 1297 companies
in the Banks industry
Industry Median: 1.26 vs BSP:B1CS34: 1.02

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.

Barclays's adjusted book value per share data for the three months ended in Mar. 2026 was R$156.026. 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 R$141.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barclays  (BSP:B1CS34) 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.


Barclays Cyclically Adjusted PB Ratio Related Terms


Barclays Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Barclays'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.

Barclays Cyclically Adjusted PB Ratio Chart

Barclays 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 0.45 0.36 0.33 0.56 0.95

Barclays Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.59 0.68 0.76 0.95 0.77

BSP:B1CS34 vs JPM, BAC, WFC: Cyclically Adjusted PB Ratio Comparison

For the Banks - Diversified subindustry, Barclays'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.


Barclays Cyclically Adjusted PB Ratio vs Banks Industry

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

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


BSP:B1CS34
56GF Score
Barclays PLC BSP:B1CS34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Barclays 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.

Barclays's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=141.68/141.44
=1.00

* 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.

Barclays's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Barclays's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=156.026/140.8000*140.8000
=156.026

Current CPI (Mar. 2026) = 140.8000.

Barclays Quarterly Data

Book Value per Share CPI Adj_Book
201606 72.287 101.000 100.772
201609 64.518 101.500 89.499
201612 64.055 102.200 88.248
201703 59.610 102.700 81.724
201706 63.281 103.500 86.087
201709 63.373 104.300 85.551
201712 66.181 105.000 88.746
201803 63.874 105.100 85.570
201806 71.576 105.900 95.164
201809 79.237 106.600 104.658
201812 71.793 107.100 94.383
201903 76.363 107.000 100.485
201906 76.598 107.900 99.954
201909 78.176 108.400 101.542
201912 80.035 108.500 103.861
202003 95.418 108.600 123.710
202006 102.287 108.800 132.371
202009 109.344 109.200 140.986
202012 104.840 109.400 134.931
202103 118.177 109.700 151.680
202106 111.281 111.400 140.650
202109 118.248 112.400 148.126
202112 123.987 114.700 152.200
202203 107.121 116.500 129.465
202206 104.731 120.500 122.374
202209 100.220 122.300 115.380
202212 109.967 125.300 123.570
202303 112.241 126.800 124.634
202306 106.635 129.400 116.029
202309 109.603 130.100 118.617
202312 116.712 130.500 125.924
202403 120.458 131.600 128.879
202406 131.753 133.000 139.480
202409 142.902 133.500 150.716
202412 153.871 135.100 160.363
202503 155.722 136.100 161.100
202506 161.386 138.400 164.185
202509 158.521 138.900 160.689
202512 164.132 139.900 165.188
202603 156.026 140.800 156.026

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 1.00 mean?
Barclays (BSP:B1CS34) has a Cyclically Adjusted PB Ratio of 1.00 as of Jul. 20, 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 Barclays and its competitors. This is 127% above median its historical median of 0.44. Over the past decade, Barclays' Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.03. According to the industry distribution chart, Barclays ranks #468 out of 1297 companies in the Banks industry, placing it in the top 36.1%.
Is Barclays' Cyclically Adjusted PB Ratio too high?
Barclays' current Cyclically Adjusted PB Ratio of 1.00 is 127% above median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.03. The Banks industry median Cyclically Adjusted PB Ratio is 1.26. Barclays' value of 1.00 is 20.6% below this industry median. Based on the distribution chart, Barclays ranks #468 out of 1297 companies in the Banks industry, which is above the industry midpoint. Overall, Barclays has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Barclays' Cyclically Adjusted PB Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Barclays ranks #468 out of 1297 companies for Cyclically Adjusted PB Ratio. This puts Barclays in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Barclays' value of 1.00 is 20.6% below this benchmark. Historically, Barclays' own Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.03 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 1.26, Barclays 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 1.26, based on 1,297 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. Barclays's current Cyclically Adjusted PB Ratio of 1.00 is 20.6% 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 Barclays and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Barclays's current Cyclically Adjusted PB Ratio is 1.00, which is 127% above median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barclays stock overvalued right now?
Based on GuruFocus' analysis, Barclays (BSP:B1CS34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$89.14, compared to a current price of R$141.68 — trading 58.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.00, which is 127% above median its 10-year median of 0.44 and 20.6% below the Banks industry median of 1.26. Barclays' overall GF Score™ is 56/100 with 6 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 Barclays (BSP:B1CS34), the current Cyclically Adjusted PB Ratio is 1.00 as of Jul. 20, 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 Barclays (BSP:B1CS34) Overvalued in 2026?

Based on GuruFocus' analysis, Barclays stock appears to be overvalued. The current stock price of R$141.68 is trading 58.9% above its estimated GF Value™ of R$89.14. GuruFocus considers Barclays to be Significantly Overvalued.

Key valuation signals for BSP:B1CS34:

  • Cyclically Adjusted PB Ratio: 1.00 (127% above median its 10-year median of 0.44)
  • GF Value™: R$89.14 vs. price of R$141.68 (58.9% above fair value)
  • GF Score™: 56/100 with 6 warning signs
  • Industry Position: 20.6% below the Banks median (#468 of 1297)

No single metric tells the full story. See the BSP:B1CS34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Barclays Business Description

Address 1 Churchill Place, London, GBR, E14 5HP
Barclays is a universal bank headquartered in the United Kingdom. It operates via five principal segments; Barclays UK (retail), UK corporate bank, private bank and wealth management, investment bank, and US consumer bank. In its UK segment, the bank provides current accounts, mortgages, savings and investment management services, credit cards, and business banking services to retail clients and small and medium-size enterprises. The US consumer bank includes a co-branded credit card and unsecured lending business. The investment bank offers global markets, financing, and advisory services.
56GF Score

Get the complete analysis for BSP:B1CS34

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

R$141.68
Price
R$89.14
GF Value