BTCS (BTCS) Cyclically Adjusted PB Ratio: (As of Jul. 18, 2026)

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

BTCS BTCS Inc BTCS
39 GF Score
Price $0.99
GF Value $4.69
Valuation Possible Value Trap
! 5 Warning Signs
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What is BTCS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BTCS  (NAS:BTCS) 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.


BTCS Cyclically Adjusted PB Ratio Related Terms


BTCS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BTCS'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.

BTCS Cyclically Adjusted PB Ratio Chart

BTCS 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 0.00

BTCS 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 0.00 0.00 0.00 0.00 0.00

BTCS vs BGDE, PLUT, HGBL: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, BTCS'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.


BTCS Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


BTCS
39GF Score
BTCS Inc BTCS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BTCS 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.

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

For example, BTCS'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)
=1.409/330.2130*330.2130
=1.409

Current CPI (Mar. 2026) = 330.2130.

BTCS Quarterly Data

Book Value per Share CPI Adj_Book
201606 -2,460.846 241.018 -3,371.546
201609 -448.796 241.428 -613.840
201612 -837.981 241.432 -1,146.129
201703 -43.464 243.801 -58.869
201706 -18.590 244.955 -25.060
201709 -7.713 246.819 -10.319
201712 0.424 246.524 0.568
201803 0.336 249.554 0.445
201806 0.141 251.989 0.185
201809 -0.075 252.439 -0.098
201812 -0.204 251.233 -0.268
201903 -0.216 254.202 -0.281
201906 0.059 256.143 0.076
201909 0.218 256.759 0.280
201912 -0.093 256.974 -0.120
202003 -0.054 258.115 -0.069
202006 0.022 257.797 0.028
202009 -0.034 260.280 -0.043
202012 0.248 260.474 0.314
202103 1.677 264.877 2.091
202106 1.191 271.696 1.448
202109 0.839 274.310 1.010
202112 1.150 278.802 1.362
202203 1.390 287.504 1.596
202206 0.818 296.311 0.912
202209 0.789 296.808 0.878
202212 0.712 296.797 0.792
202303 0.649 301.836 0.710
202306 0.427 305.109 0.462
202309 0.408 307.789 0.438
202312 1.541 306.746 1.659
202403 2.339 312.332 2.473
202406 1.922 314.175 2.020
202409 1.367 315.301 1.432
202412 1.675 315.605 1.753
202503 0.878 319.799 0.907
202506 1.286 322.561 1.317
202509 4.746 324.800 4.825
202512 2.933 324.054 2.989
202603 1.409 330.213 1.409

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 BTCS (BTCS) Overvalued in 2026?

Based on GuruFocus' analysis, BTCS stock appears to be undervalued. The current stock price of $0.99 is trading 79% below its estimated GF Value™ of $4.69. GuruFocus considers BTCS to be Possible Value Trap.

Key valuation signals for BTCS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $4.69 vs. price of $0.99 (79% below fair value)
  • GF Score™: 39/100 with 5 warning signs

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


BTCS Business Description

Other Exchanges BIC:Germany
Address 303 W. Lancaster Avenue, No.336, Wayne, PA, USA, 19087
BTCS Inc is is a U.S.-based, Nasdaq-listed blockchain technology company focused on revenue generation through blockchain infrastructure and decentralized finance (DeFi) activities, mainly on the Ethereum network. BTCS operates as an active participant in the Ethereum ecosystem, generating digital asset-denominated on-chain revenues through its operations.
39GF Score

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

$0.99
Price
$4.69
GF Value