Barclays (BUE:BCS) Cyclically Adjusted PB Ratio: 0.97 (As of Jul. 30, 2026) — 116% 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.

BUE:BCS Barclays PLC BUE:BCS
49 GF Score
Price ARS41,180.00
GF Value ARS30,109.85
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Barclays Cyclically Adjusted PB Ratio?

Barclays BUE:BCS -4.50% 49 Cyclically Adjusted PB Ratio is 0.97 as of Jul. 30, 2026, which is 116% above its 10-year median of 0.45. GuruFocus rates BUE:BCS with a GF Score™ of 49/100 and a GF Value™ of ARS30,109.85 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,289 Banks companies, Barclays ranks better than 67.49% on this metric.

As of today (2026-07-30), Barclays's current share price is ARS41180.00. Barclays's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS42,409.08. Barclays's Cyclically Adjusted PB Ratio for today is 0.97.

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

BUE:BCS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.45   Max: 1.02
Current: 0.96

During the past years, Barclays's highest Cyclically Adjusted PB Ratio was 1.02. The lowest was 0.20. And the median was 0.45.

BUE:BCS's Cyclically Adjusted PB Ratio is ranked better than
67.49% of 1289 companies
in the Banks industry
Industry Median: 1.27 vs BUE:BCS: 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.

Barclays's adjusted book value per share data for the three months ended in Jun. 2026 was ARS7,744.136. 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 ARS42,409.08 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barclays  (BUE:BCS) 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
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 0.68 0.76 0.95 0.77 0.99

BUE:BCS 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.


BUE:BCS
49GF Score
Barclays PLC BUE:BCS
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
=41180.00/42409.08
=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.

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

For example, Barclays'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)
=7744.136/142.1000*142.1000
=7,744.136

Current CPI (Jun. 2026) = 142.1000.

Barclays Quarterly Data

Book Value per Share CPI Adj_Book
201609 49.286 101.500 69.000
201612 50.438 102.200 70.130
201703 48.955 102.700 67.736
201706 52.748 103.500 72.420
201709 59.062 104.300 80.467
201712 63.896 105.000 86.473
201803 65.390 105.100 88.410
201806 78.865 105.900 105.824
201809 118.231 106.600 157.604
201812 116.129 107.100 154.080
201903 129.484 107.000 171.960
201906 147.874 107.900 194.744
201909 176.814 108.400 231.783
201912 194.179 108.500 254.312
202003 201.935 108.600 264.226
202006 224.852 108.800 293.672
202009 250.446 109.200 325.901
202012 276.287 109.400 358.870
202103 314.727 109.700 407.682
202106 349.258 111.400 445.508
202109 364.893 112.400 461.310
202112 368.897 114.700 457.021
202203 385.059 116.500 469.673
202206 415.941 120.500 490.500
202209 442.444 122.300 514.074
202212 585.546 125.300 664.055
202303 709.225 126.800 794.802
202306 878.442 129.400 964.657
202309 1,293.866 130.100 1,413.208
202312 1,432.588 130.500 1,559.929
202403 3,395.222 131.600 3,666.117
202406 3,649.440 133.000 3,899.139
202409 4,086.295 133.500 4,349.532
202412 4,243.759 135.100 4,463.643
202503 4,803.074 136.100 5,014.819
202506 5,755.905 138.400 5,909.784
202509 6,687.388 138.900 6,841.453
202512 7,274.995 139.900 7,389.398
202603 6,950.011 140.800 7,014.180
202606 7,744.136 142.100 7,744.136

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?
Barclays (BUE:BCS) has a Cyclically Adjusted PB Ratio of 0.97 as of Jul. 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 Barclays and its competitors. This is 116% above median its historical median of 0.45. Over the past decade, Barclays' Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.02. According to the industry distribution chart, Barclays ranks #419 out of 1289 companies in the Banks industry, placing it in the top 32.5%.
Is Barclays' Cyclically Adjusted PB Ratio too high?
Barclays' current Cyclically Adjusted PB Ratio of 0.97 is 116% above median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.02. The Banks industry median Cyclically Adjusted PB Ratio is 1.27. Barclays' value of 0.97 is 23.6% below this industry median. Based on the distribution chart, Barclays ranks #419 out of 1289 companies in the Banks industry, which is above the industry midpoint. Overall, Barclays has a GF Score™ of 49/100 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 #419 out of 1289 companies for Cyclically Adjusted PB Ratio. This puts Barclays in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Barclays' value of 0.97 is 23.6% below this benchmark. Historically, Barclays' own Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.02 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 1.27, 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 1.27, based on 1,289 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 0.97 is 23.6% 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 1.27 — 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 0.97, which is 116% above median its own 10-year median of 0.45. 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 (BUE:BCS) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS30,109.85, compared to a current price of ARS41,180.00 — trading 36.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.97, which is 116% above median its 10-year median of 0.45 and 23.6% below the Banks industry median of 1.27. Barclays' overall GF Score™ is 49/100 with 5 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 (BUE:BCS), the current Cyclically Adjusted PB Ratio is 0.97 as of Jul. 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 Barclays (BUE:BCS) Overvalued in 2026?

Based on GuruFocus' analysis, Barclays stock appears to be overvalued. The current stock price of ARS41,180.00 is trading 36.8% above its estimated GF Value™ of ARS30,109.85. GuruFocus considers Barclays to be Significantly Overvalued.

Key valuation signals for BUE:BCS:

  • Cyclically Adjusted PB Ratio: 0.97 (116% above median its 10-year median of 0.45)
  • GF Value™: ARS30,109.85 vs. price of ARS41,180.00 (36.8% above fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 23.6% below the Banks median (#419 of 1289)

No single metric tells the full story. See the BUE:BCS 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.
49GF Score

Get the complete analysis for BUE:BCS

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

ARS41,180.00
Price
ARS30,109.85
GF Value