BTCS (FRA:BIC) Cyclically Adjusted PB Ratio: (As of Jul. 27, 2026)

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.
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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.

FRA:BIC BTCS Inc FRA:BIC
39 GF Score
Price €0.79
GF Value €3.73
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  (FRA:BIC) 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

FRA:BIC vs NCTY, PLUT, VIP: 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.


FRA:BIC
39GF Score
BTCS Inc FRA:BIC
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)
=1.219/330.2130*330.2130
=1.219

Current CPI (Mar. 2026) = 330.2130.

BTCS Quarterly Data

Book Value per Share CPI Adj_Book
201606 -2,190.154 241.018 -3,000.678
201609 -399.870 241.428 -546.922
201612 -794.407 241.432 -1,086.532
201703 -40.643 243.801 -55.048
201706 -16.546 244.955 -22.305
201709 -6.472 246.819 -8.659
201712 0.358 246.524 0.480
201803 0.272 249.554 0.360
201806 0.121 251.989 0.159
201809 -0.064 252.439 -0.084
201812 -0.180 251.233 -0.237
201903 -0.191 254.202 -0.248
201906 0.052 256.143 0.067
201909 0.198 256.759 0.255
201912 -0.084 256.974 -0.108
202003 -0.049 258.115 -0.063
202006 0.020 257.797 0.026
202009 -0.029 260.280 -0.037
202012 0.204 260.474 0.259
202103 1.408 264.877 1.755
202106 0.988 271.696 1.201
202109 0.713 274.310 0.858
202112 1.017 278.802 1.205
202203 1.262 287.504 1.449
202206 0.774 296.311 0.863
202209 0.797 296.808 0.887
202212 0.672 296.797 0.748
202303 0.606 301.836 0.663
202306 0.394 305.109 0.426
202309 0.383 307.789 0.411
202312 1.413 306.746 1.521
202403 2.152 312.332 2.275
202406 1.785 314.175 1.876
202409 1.232 315.301 1.290
202412 1.600 315.605 1.674
202503 0.812 319.799 0.838
202506 1.115 322.561 1.141
202509 4.044 324.800 4.111
202512 2.505 324.054 2.553
202603 1.219 330.213 1.219

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 (FRA:BIC) Overvalued in 2026?

Based on GuruFocus' analysis, BTCS stock appears to be undervalued. The current stock price of €0.79 is trading 79% below its estimated GF Value™ of €3.73. GuruFocus considers BTCS to be Possible Value Trap.

Key valuation signals for FRA:BIC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.73 vs. price of €0.79 (79% below fair value)
  • GF Score™: 39/100 with 5 warning signs

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


BTCS Business Description

Other Exchanges BTCS:USABIC: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

Get the complete analysis for FRA:BIC

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

€0.79
Price
€3.73
GF Value