BNP Paribas Bank Polska (FRA:82MA) Cyclically Adjusted PB Ratio: (As of Aug. 13, 2026)

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

FRA:82MA BNP Paribas Bank Polska SA FRA:82MA
68 GF Score
Price €34.90
GF Value €22.83
Valuation Significantly Overvalued
! 7 Warning Signs
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What is BNP Paribas Bank Polska Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BNP Paribas Bank Polska  (FRA:82MA) 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.


BNP Paribas Bank Polska Cyclically Adjusted PB Ratio Related Terms


BNP Paribas Bank Polska Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BNP Paribas Bank Polska'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.

BNP Paribas Bank Polska Cyclically Adjusted PB Ratio Chart

BNP Paribas Bank Polska 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 1.07 0.57 0.83 0.80 1.20

BNP Paribas Bank Polska 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 0.99 0.96 1.20 1.30 0.00

FRA:82MA vs PNC, USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, BNP Paribas Bank Polska'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.


BNP Paribas Bank Polska Cyclically Adjusted PB Ratio vs Banks Industry

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

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


FRA:82MA
68GF Score
BNP Paribas Bank Polska SA FRA:82MA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BNP Paribas Bank Polska 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.

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

For example, BNP Paribas Bank Polska'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)
=27.036/162.2800*162.2800
=27.036

Current CPI (Jun. 2026) = 162.2800.

BNP Paribas Bank Polska Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.559 99.064 28.764
201612 17.079 100.366 27.615
201703 17.395 101.018 27.944
201706 17.729 101.180 28.435
201709 17.984 101.343 28.798
201712 18.225 102.564 28.836
201803 17.598 102.564 27.844
201806 17.811 103.378 27.959
201809 17.622 103.378 27.663
201812 16.765 103.785 26.214
201903 16.966 104.274 26.404
201906 17.343 105.983 26.555
201909 17.538 105.983 26.854
201912 17.717 107.123 26.840
202003 17.913 109.076 26.650
202006 18.354 109.402 27.225
202009 18.767 109.320 27.859
202012 19.100 109.565 28.290
202103 19.218 112.658 27.683
202106 19.290 113.960 27.469
202109 19.337 115.588 27.148
202112 18.026 119.088 24.564
202203 17.843 125.031 23.159
202206 17.744 131.705 21.863
202209 17.227 135.531 20.627
202212 17.859 139.113 20.833
202303 19.008 145.950 21.135
202306 19.992 147.009 22.069
202309 20.811 146.113 23.114
202312 20.384 147.741 22.390
202403 21.374 149.044 23.272
202406 21.551 150.997 23.161
202409 22.656 153.439 23.961
202412 24.378 154.660 25.579
202503 25.631 157.021 26.489
202506 25.051 157.509 25.810
202509 26.275 158.000 26.987
202512 27.853 158.320 28.550
202603 28.291 163.070 28.154
202606 27.036 162.280 27.036

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 BNP Paribas Bank Polska (FRA:82MA) Overvalued in 2026?

Based on GuruFocus' analysis, BNP Paribas Bank Polska stock appears to be overvalued. The current stock price of €34.90 is trading 52.9% above its estimated GF Value™ of €22.83. GuruFocus considers BNP Paribas Bank Polska to be Significantly Overvalued.

Key valuation signals for FRA:82MA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €22.83 vs. price of €34.90 (52.9% above fair value)
  • GF Score™: 68/100 with 7 warning signs

No single metric tells the full story. See the FRA:82MA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BNP Paribas Bank Polska Business Description

Other Exchanges BNP:Poland
Address Kasprzaka 2, Warsaw, POL, 01-211
BNP Paribas Bank Polska SA is a universal commercial bank offering a wide range of banking services provided to individual and institutional customers in accordance with the scope of services specified in the Bank's Articles of Association. The Bank operates both in Polish zlotys and foreign currencies and actively participates in trading on domestic and foreign financial markets. In addition, through its subsidiaries, the Group conducts brokerage and leasing activities and provides other financial services. Its reportable operating segments include Retail and Business Banking, Small and Medium-Sized Enterprises (SME), Corporate Banking, Corporate and Institutional Banking (CIB), and Other Operations, including ALM Treasury and the Corporate Centre.
68GF Score

Get the complete analysis for FRA:82MA

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

€34.90
Price
€22.83
GF Value