CaixaBank (MEX:CABK N) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.
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.

MEX:CABK N CaixaBank SA MEX:CABK N
61 GF Score
Price MXN229.16
GF Value MXN111.62
! 7 Warning Signs
View Full Analysis

What is CaixaBank Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CaixaBank  (MEX:CABK N) 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.


CaixaBank Cyclically Adjusted PB Ratio Related Terms


CaixaBank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CaixaBank'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.

CaixaBank Cyclically Adjusted PB Ratio Chart

CaixaBank 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 0.57 0.71 0.75 1.01 1.85

CaixaBank 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 1.46 1.68 1.87 1.85 2.01

MEX:CABK N vs USB, PNC: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, CaixaBank'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.


CaixaBank Cyclically Adjusted PB Ratio vs Banks Industry

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

* The bar in red indicates where CaixaBank's Cyclically Adjusted PB Ratio falls into.


MEX:CABK N
61GF Score
CaixaBank SA MEX:CABK N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CaixaBank 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.

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

For example, CaixaBank'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)
=111.095/131.3300*131.3300
=111.095

Current CPI (Jun. 2026) = 131.3300.

CaixaBank Quarterly Data

Book Value per Share CPI Adj_Book
201609 86.744 99.737 114.222
201612 85.635 101.842 110.430
201703 83.500 100.896 108.687
201706 84.180 101.848 108.547
201709 89.752 101.524 116.102
201712 97.010 102.975 123.723
201803 92.533 102.122 118.999
201806 92.505 104.165 116.630
201809 88.470 103.818 111.915
201812 90.592 104.193 114.186
201903 90.181 103.488 114.443
201906 87.772 104.612 110.189
201909 88.930 103.905 112.402
201912 89.178 105.015 111.525
202003 104.288 103.469 132.370
202006 105.910 104.254 133.416
202009 106.327 103.521 134.890
202012 103.101 104.456 129.626
202103 106.128 104.857 132.921
202106 101.360 107.102 124.289
202109 103.845 107.669 126.666
202112 102.371 111.298 120.796
202203 98.962 115.153 112.865
202206 93.477 118.044 103.998
202209 88.789 117.221 99.476
202212 93.540 117.650 104.416
202303 86.461 118.948 95.461
202306 84.993 120.278 92.802
202309 86.943 121.343 94.099
202312 92.272 121.300 99.902
202403 83.900 122.762 89.756
202406 95.812 124.409 101.142
202409 112.111 123.121 119.586
202412 111.514 124.753 117.393
202503 118.407 125.531 123.877
202506 117.438 127.251 121.203
202509 117.922 126.840 122.096
202512 116.082 128.400 118.731
202603 110.330 129.860 111.579
202606 111.095 131.330 111.095

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 CaixaBank (MEX:CABK N) Overvalued in 2026?

Based on GuruFocus' analysis, CaixaBank stock appears to be overvalued. The current stock price of MXN229.16 is trading 105.3% above its estimated GF Value™ of MXN111.62.

Key valuation signals for MEX:CABK N:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN111.62 vs. price of MXN229.16 (105.3% above fair value)
  • GF Score™: 61/100 with 7 warning signs

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


CaixaBank Business Description

Address Calle Pintor Sorolla, N. 2-4, Valencia, ESP, 46002
CaixaBank SA is a Spanish bank that combines banking, insurance, and equity investment businesses. Its operations include retail banking, corporate banking, cash management, surplus management, and the allocation of income from financing the equity investment business. It consists of business segments of the Banking and insurance business, BPI, and Corporate center. The majority of its revenue comes from the Banking and insurance business. The company has a geographic presence in Spain, Portugal, America, the Rest of the European Union, and the Rest of the world. In which Spain generates the majority of its revenue.
61GF Score

Get the complete analysis for MEX:CABK N

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

MXN229.16
Price
MXN111.62
GF Value