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Barclays (LSE:BARC) Cyclically Adjusted PB Ratio : 0.70 (As of Jun. 28, 2025)


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What is Barclays Cyclically Adjusted PB Ratio?

As of today (2025-06-28), Barclays's current share price is £3.3855. Barclays's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was £4.85. Barclays's Cyclically Adjusted PB Ratio for today is 0.70.

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

LSE:BARC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.44   Max: 0.77
Current: 0.7

During the past years, Barclays's highest Cyclically Adjusted PB Ratio was 0.77. The lowest was 0.20. And the median was 0.44.

LSE:BARC's Cyclically Adjusted PB Ratio is ranked better than
74.61% of 1284 companies
in the Banks industry
Industry Median: 1.03 vs LSE:BARC: 0.70

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 Mar. 2025 was £5.233. 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 £4.85 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barclays Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

Barclays Cyclically Adjusted PB Ratio Chart

Barclays Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.45 0.36 0.33 0.56

Barclays Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.39 0.44 0.47 0.56 0.59

Competitive Comparison of Barclays's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.


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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
=3.3855/4.85
=0.70

* 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 Mar. 2025 is calculated as:

For example, Barclays's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=5.233/136.1000*136.1000
=5.233

Current CPI (Mar. 2025) = 136.1000.

Barclays Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.534 100.100 4.805
201509 3.691 100.200 5.013
201512 3.559 100.400 4.825
201603 3.682 100.400 4.991
201606 3.716 101.000 5.007
201609 3.773 101.500 5.059
201612 3.824 102.200 5.092
201703 3.860 102.700 5.115
201706 3.749 103.500 4.930
201709 3.793 104.300 4.949
201712 3.746 105.000 4.856
201803 3.487 105.100 4.516
201806 3.568 105.900 4.586
201809 3.688 106.600 4.709
201812 3.651 107.100 4.640
201903 3.773 107.000 4.799
201906 3.919 107.900 4.943
201909 3.833 108.400 4.812
201912 3.719 108.500 4.665
202003 3.945 108.600 4.944
202006 3.938 108.800 4.926
202009 3.908 109.200 4.871
202012 3.790 109.400 4.715
202103 3.780 109.700 4.690
202106 3.945 111.400 4.820
202109 4.077 112.400 4.937
202112 4.122 114.700 4.891
202203 4.085 116.500 4.772
202206 4.212 120.500 4.757
202209 4.219 122.300 4.695
202212 4.303 125.300 4.674
202303 4.439 126.800 4.765
202306 4.350 129.400 4.575
202309 4.483 130.100 4.690
202312 4.704 130.500 4.906
202403 4.759 131.600 4.922
202406 4.807 133.000 4.919
202409 4.877 133.500 4.972
202412 4.987 135.100 5.024
202503 5.233 136.100 5.233

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.


Barclays  (LSE:BARC) 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

Thank you for viewing the detailed overview of Barclays's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Barclays Business Description

Industry
Address
1 Churchill Place, London, GBR, E14 5HP
Barclays is a universal bank headquartered in the United Kingdom. It operates via five principal segments; 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 international segment includes a corporate bank offering banking solutions to large corporates, a bulge-bracket global investment bank, and a credit card and payments business.

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