GBOOY (Grupo Financiero BanorteB de CV) Cyclically Adjusted PB Ratio: 2.20 (As of Sep. 15, 2026) — Near Median

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GBOOY Grupo Financiero Banorte SAB de CV GBOOY
79 GF Score
Price $57.55
GF Value $47.39
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Grupo Financiero BanorteB de CV Cyclically Adjusted PB Ratio?

Grupo Financiero BanorteB de CV GBOOY -1.84% 79 Cyclically Adjusted PB Ratio is 2.20 as of Sep. 15, 2026, which is 8% above its 10-year median of 2.03. GuruFocus rates GBOOY with a GF Score™ of 79/100 and a GF Value™ of $47.39 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,273 Banks companies, Grupo Financiero BanorteB de CV ranks worse than 82.95% on this metric.

As of today (2026-09-15), Grupo Financiero BanorteB de CV's current share price is $57.55. Grupo Financiero BanorteB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $26.10. Grupo Financiero BanorteB de CV's Cyclically Adjusted PB Ratio for today is 2.20.

The historical rank and industry rank for Grupo Financiero BanorteB de CV's Cyclically Adjusted PB Ratio or its related term are showing as below:

GBOOY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 2.03   Max: 3.07
Current: 2.17

During the past years, Grupo Financiero BanorteB de CV's highest Cyclically Adjusted PB Ratio was 3.07. The lowest was 1.15. And the median was 2.03.

GBOOY's Cyclically Adjusted PB Ratio is ranked worse than
82.95% of 1273 companies
in the Banks industry
Industry Median: 1.29 vs GBOOY: 2.17

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.

Grupo Financiero BanorteB de CV's adjusted book value per share data for the three months ended in Jun. 2026 was $25.564. 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 $26.10 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo Financiero BanorteB de CV  (OTCPK:GBOOY) 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.


Grupo Financiero BanorteB de CV Cyclically Adjusted PB Ratio Related Terms


Grupo Financiero BanorteB de CV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo Financiero BanorteB de CV'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.

Grupo Financiero BanorteB de CV Cyclically Adjusted PB Ratio Chart

Grupo Financiero BanorteB de CV 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 2.04 1.91 2.15 1.58 1.86

Grupo Financiero BanorteB de CV 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 1.97 2.08 1.86 2.16 2.02

GBOOY vs USB, PNC: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Grupo Financiero BanorteB de CV'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.


Grupo Financiero BanorteB de CV Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Grupo Financiero BanorteB de CV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Grupo Financiero BanorteB de CV's Cyclically Adjusted PB Ratio falls into.


GBOOY
79GF Score
Grupo Financiero Banorte SAB de CV GBOOY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Grupo Financiero BanorteB de CV 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.

Grupo Financiero BanorteB de CV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.55/26.10
=2.20

* 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.

Grupo Financiero BanorteB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Grupo Financiero BanorteB de CV'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)
=25.564/165.5700*165.5700
=25.564

Current CPI (Jun. 2026) = 165.5700.

Grupo Financiero BanorteB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.314 103.084 21.385
201612 12.416 105.002 19.578
201703 13.695 108.063 20.983
201706 13.561 108.339 20.725
201709 14.115 109.628 21.318
201712 13.474 112.114 19.898
201803 15.206 113.505 22.181
201806 13.613 113.373 19.880
201809 15.701 115.130 22.580
201812 15.345 117.530 21.617
201903 16.340 118.050 22.918
201906 15.898 117.848 22.336
201909 16.284 118.581 22.737
201912 17.811 120.854 24.401
202003 14.436 121.885 19.610
202006 15.468 121.777 21.031
202009 16.849 123.341 22.618
202012 19.373 124.661 25.731
202103 19.276 127.574 25.017
202106 19.713 128.936 25.314
202109 19.737 130.742 24.995
202112 19.800 133.830 24.496
202203 20.990 137.082 25.352
202206 19.870 139.233 23.629
202209 20.783 142.116 24.213
202212 20.994 144.291 24.090
202303 23.992 146.472 27.120
202306 24.217 146.272 27.412
202309 24.895 148.446 27.767
202312 25.473 151.017 27.928
202403 27.359 152.947 29.617
202406 23.217 153.551 25.034
202409 22.912 155.246 24.436
202412 21.263 157.378 22.370
202503 23.210 158.761 24.205
202506 24.072 160.180 24.882
202509 25.779 161.030 26.506
202512 24.912 163.190 25.275
202603 26.095 166.040 26.021
202606 25.564 165.570 25.564

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 2.20 mean?
Grupo Financiero BanorteB de CV (GBOOY) has a Cyclically Adjusted PB Ratio of 2.20 as of Sep. 15, 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 Grupo Financiero BanorteB de CV and its competitors. This is near median its historical median of 2.03. Over the past decade, Grupo Financiero BanorteB de CV's Cyclically Adjusted PB Ratio has ranged from 1.15 to 3.07. According to the industry distribution chart, Grupo Financiero BanorteB de CV ranks #1056 out of 1273 companies in the Banks industry, placing it in the top 83%.
Is Grupo Financiero BanorteB de CV's Cyclically Adjusted PB Ratio too high?
Grupo Financiero BanorteB de CV's current Cyclically Adjusted PB Ratio of 2.20 is near median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 3.07. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. Grupo Financiero BanorteB de CV's value of 2.20 is 70.5% above this industry median. Based on the distribution chart, Grupo Financiero BanorteB de CV ranks #1056 out of 1273 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Grupo Financiero BanorteB de CV has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grupo Financiero BanorteB de CV's Cyclically Adjusted PB Ratio compare to USB and PNC?
According to the Banks industry distribution chart, Grupo Financiero BanorteB de CV ranks #1056 out of 1273 companies for Cyclically Adjusted PB Ratio. This places Grupo Financiero BanorteB de CV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Grupo Financiero BanorteB de CV's value of 2.20 is 70.5% above this benchmark. Historically, Grupo Financiero BanorteB de CV's own Cyclically Adjusted PB Ratio has ranged from 1.15 to 3.07 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 1.29, Grupo Financiero BanorteB de CV has consistently been above 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 1.29, based on 1,273 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. Grupo Financiero BanorteB de CV's current Cyclically Adjusted PB Ratio of 2.20 is 70.5% above 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 Grupo Financiero BanorteB de CV and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo Financiero BanorteB de CV's current Cyclically Adjusted PB Ratio is 2.20, which is near median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Financiero BanorteB de CV stock overvalued right now?
Based on GuruFocus' analysis, Grupo Financiero BanorteB de CV (GBOOY) is currently considered Modestly Overvalued. The stock's GF Value™ is $47.39, compared to a current price of $57.55 — trading 21.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.20, which is near median its 10-year median of 2.03 and 70.5% above the Banks industry median of 1.29. Grupo Financiero BanorteB de CV's overall GF Score™ is 79/100 with 8 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 Grupo Financiero BanorteB de CV (GBOOY), the current Cyclically Adjusted PB Ratio is 2.20 as of Sep. 15, 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 Grupo Financiero BanorteB de CV (GBOOY) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Financiero BanorteB de CV stock appears to be overvalued. The current stock price of $57.55 is trading 21.4% above its estimated GF Value™ of $47.39. GuruFocus considers Grupo Financiero BanorteB de CV to be Modestly Overvalued.

Key valuation signals for GBOOY:

  • Cyclically Adjusted PB Ratio: 2.20 (near median its 10-year median of 2.03)
  • GF Value™: $47.39 vs. price of $57.55 (21.4% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 70.5% above the Banks median (#1056 of 1273)

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


Grupo Financiero BanorteB de CV Business Description

Address Avenue Prolongacion Reforma 1230, Col. Cruz Manca Santa Fe, Delegacion Cuajimalpa, Mexico, MEX, MEX, 05349
Grupo Financiero Banorte SAB de CV main activity are the execution of financial operations such as the provision of services of commercial banking, brokerage, leasing, financial factoring, warehousing services in general, pensions, life and damage insurance, as well as disposal, management, collection and negotiation, in any form, with credit rights. Its business segments are Retail Banking, SME Banking, Wholesale Banking, Middle-market and Corporate Banking, Transactional Banking, Government Banking, International Banking, etc.
79GF Score

Get the complete analysis for GBOOY

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

$57.55
Price
$47.39
GF Value