Bank Bradesco (BUE:BBD) Cyclically Adjusted PB Ratio: 0.97 (As of Aug. 22, 2026) — 20% Below Median

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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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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.

BUE:BBD Bank Bradesco SA BUE:BBD
54 GF Score
Price ARS4,962.50
GF Value ARS5,679.34
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Bank Bradesco Cyclically Adjusted PB Ratio?

Bank Bradesco BUE:BBD +4.47% 54 Cyclically Adjusted PB Ratio is 0.97 as of Aug. 22, 2026, which is 20% below its 10-year median of 1.22. GuruFocus rates BUE:BBD with a GF Score™ of 54/100 and a GF Value™ of ARS5,679.34 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,281 Banks companies, Bank Bradesco ranks better than 69.09% on this metric.

As of today (2026-08-22), Bank Bradesco's current share price is ARS4962.50. Bank Bradesco's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS5,126.14. Bank Bradesco's Cyclically Adjusted PB Ratio for today is 0.97.

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

BUE:BBD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.22   Max: 2.34
Current: 0.96

During the past years, Bank Bradesco's highest Cyclically Adjusted PB Ratio was 2.34. The lowest was 0.84. And the median was 1.22.

BUE:BBD's Cyclically Adjusted PB Ratio is ranked better than
69.09% of 1281 companies
in the Banks industry
Industry Median: 1.28 vs BUE:BBD: 0.96

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.

Bank Bradesco's adjusted book value per share data for the three months ended in Jun. 2026 was ARS4,948.666. 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 ARS5,126.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Bradesco  (BUE:BBD) 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.


Bank Bradesco Cyclically Adjusted PB Ratio Related Terms


Bank Bradesco Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bank Bradesco'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.

Bank Bradesco Cyclically Adjusted PB Ratio Chart

Bank Bradesco 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 2.02 1.51 1.44 0.87 1.12

Bank Bradesco 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 1.10 1.12 1.12 1.15 1.05

Bank Bradesco Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Bank Bradesco'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.


Bank Bradesco Cyclically Adjusted PB Ratio vs Banks Industry

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

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


BUE:BBD
54GF Score
Bank Bradesco SA BUE:BBD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank Bradesco 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.

Bank Bradesco's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4962.50/5126.14
=0.97

* 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.

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

For example, Bank Bradesco'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)
=4948.666/177.5443*177.5443
=4,948.666

Current CPI (Jun. 2026) = 177.5443.

Bank Bradesco Quarterly Data

Book Value per Share CPI Adj_Book
200706 4.321 61.933 12.387
200709 4.689 62.486 13.323
200712 4.045 63.377 11.332
200803 5.842 64.339 16.121
200806 6.042 65.686 16.331
200812 3.517 67.118 9.303
200912 6.610 70.012 16.762
201012 11.292 74.149 27.038
201112 12.863 78.971 28.919
201212 15.660 83.581 33.265
201312 18.054 88.522 36.210
201412 24.743 94.194 46.638
201512 28.270 104.247 48.147
201612 46.473 110.802 74.466
201712 63.529 114.068 98.882
201812 112.667 118.340 169.033
201912 183.708 123.436 264.236
202012 215.082 129.012 295.992
202103 0.000 131.660 0.000
202106 0.000 133.871 0.000
202109 0.000 137.913 0.000
202112 250.521 141.992 313.246
202203 310.753 146.537 376.508
202206 350.240 149.784 415.153
202209 400.470 147.800 481.065
202212 478.291 150.207 565.340
202303 578.962 153.352 670.295
202306 773.234 154.519 888.456
202309 1,104.879 155.464 1,261.807
202312 1,149.513 157.148 1,298.708
202403 2,637.820 159.372 2,938.589
202406 2,575.795 161.052 2,839.574
202409 2,699.407 162.342 2,952.182
202412 2,626.317 164.740 2,830.442
202503 2,979.210 168.102 3,146.560
202506 3,516.696 169.670 3,679.908
202509 4,197.460 170.739 4,364.759
202512 4,479.959 171.765 4,630.686
202603 4,538.936 175.066 4,603.204
202606 4,948.666 177.544 4,948.666

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 0.97 mean?
Bank Bradesco (BUE:BBD) has a Cyclically Adjusted PB Ratio of 0.97 as of Aug. 22, 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 Bank Bradesco and its competitors. This is 20% below median its historical median of 1.22. Over the past decade, Bank Bradesco's Cyclically Adjusted PB Ratio has ranged from 0.84 to 2.34. According to the industry distribution chart, Bank Bradesco ranks #396 out of 1281 companies in the Banks industry, placing it in the top 30.9%.
Is Bank Bradesco's Cyclically Adjusted PB Ratio too high?
Bank Bradesco's current Cyclically Adjusted PB Ratio of 0.97 is 20% below median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 2.34. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. Bank Bradesco's value of 0.97 is 24.2% below this industry median. Based on the distribution chart, Bank Bradesco ranks #396 out of 1281 companies in the Banks industry, which is above the industry midpoint. Overall, Bank Bradesco has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bank Bradesco's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, Bank Bradesco ranks #396 out of 1281 companies for Cyclically Adjusted PB Ratio. This puts Bank Bradesco in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Bank Bradesco's value of 0.97 is 24.2% below this benchmark. Historically, Bank Bradesco's own Cyclically Adjusted PB Ratio has ranged from 0.84 to 2.34 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 1.28, Bank Bradesco 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 1,281 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. Bank Bradesco's current Cyclically Adjusted PB Ratio of 0.97 is 24.2% 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 Bank Bradesco 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. Bank Bradesco's current Cyclically Adjusted PB Ratio is 0.97, which is 20% below median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Bradesco stock overvalued right now?
Based on GuruFocus' analysis, Bank Bradesco (BUE:BBD) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS5,679.34, compared to a current price of ARS4,962.50 — trading 12.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.97, which is 20% below median its 10-year median of 1.22 and 24.2% below the Banks industry median of 1.28. Bank Bradesco's overall GF Score™ is 54/100 with 4 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 Bank Bradesco (BUE:BBD), the current Cyclically Adjusted PB Ratio is 0.97 as of Aug. 22, 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 Bank Bradesco (BUE:BBD) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Bradesco stock appears to be undervalued. The current stock price of ARS4,962.50 is trading 12.6% below its estimated GF Value™ of ARS5,679.34. GuruFocus considers Bank Bradesco to be Modestly Undervalued.

Key valuation signals for BUE:BBD:

  • Cyclically Adjusted PB Ratio: 0.97 (20% below median its 10-year median of 1.22)
  • GF Value™: ARS5,679.34 vs. price of ARS4,962.50 (12.6% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 24.2% below the Banks median (#396 of 1281)

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


Bank Bradesco Business Description

Address Cidade de Deus S/N, Silver Building, 4th floor, Vila Yara, Osasco, SP, BRA, 06029‑900
Banco Bradesco is Brazil's second-largest private bank, with about 10%-15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation, a private nonprofit institution focused on education. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.
54GF Score

Get the complete analysis for BUE:BBD

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

ARS4,962.50
Price
ARS5,679.34
GF Value