CaixaBank (MEX:CABK N) Cyclically Adjusted PB Ratio: 2.38 (As of Aug. 05, 2026) — 231% Above Median

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MEX:CABK N CaixaBank SA MEX:CABK N
61 GF Score
Price MXN229.16
GF Value MXN113.08
! 7 Warning Signs
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What is CaixaBank Cyclically Adjusted PB Ratio?

CaixaBank MEX:CABK N 61 Cyclically Adjusted PB Ratio is 2.38 as of Aug. 05, 2026, which is 231% above its 10-year median of 0.72. GuruFocus rates MEX:CABK N with a GF Score™ of 61/100 and a GF Value™ of MXN113.08. The stock has 7 warning signs investors should review. Among 1,286 Banks companies, CaixaBank ranks worse than 86.55% on this metric.

As of today (2026-08-05), CaixaBank's current share price is MXN229.16. CaixaBank's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN96.22. CaixaBank's Cyclically Adjusted PB Ratio for today is 2.38.

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

MEX:CABK N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.72   Max: 2.56
Current: 2.42

During the past years, CaixaBank's highest Cyclically Adjusted PB Ratio was 2.56. The lowest was 0.33. And the median was 0.72.

MEX:CABK N's Cyclically Adjusted PB Ratio is ranked worse than
86.55% of 1286 companies
in the Banks industry
Industry Median: 1.27 vs MEX:CABK N: 2.42

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.

CaixaBank's adjusted book value per share data for the three months ended in Jun. 2026 was MXN111.735. 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 MXN96.22 for the trailing ten years ended in Jun. 2026.

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 0.51 0.75 0.76 1.05 2.04

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 1.45 1.77 2.04 1.97 2.38

MEX:CABK N vs PNC, USB: 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.
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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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=229.16/96.22
=2.38

* 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'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)
=111.735/131.3300*131.3300
=111.735

Current CPI (Jun. 2026) = 131.3300.

CaixaBank Quarterly Data

Book Value per Share CPI Adj_Book
201609 85.834 99.737 113.024
201612 85.602 101.842 110.388
201703 82.182 100.896 106.971
201706 81.488 101.848 105.076
201709 88.935 101.524 115.045
201712 94.991 102.975 121.148
201803 90.635 102.122 116.558
201806 91.760 104.165 115.690
201809 88.237 103.818 111.620
201812 90.923 104.193 114.603
201903 90.643 103.488 115.029
201906 86.975 104.612 109.189
201909 89.726 103.905 113.409
201912 88.059 105.015 110.125
202003 104.854 103.469 133.088
202006 105.967 104.254 133.488
202009 106.764 103.521 135.444
202012 102.237 104.456 128.540
202103 107.308 104.857 134.399
202106 102.867 107.102 126.137
202109 105.417 107.669 128.583
202112 101.872 111.298 120.208
202203 97.717 115.153 111.445
202206 94.162 118.044 104.760
202209 90.976 117.221 101.926
202212 92.799 117.650 103.589
202303 84.971 118.948 93.816
202306 84.291 120.278 92.036
202309 87.761 121.343 94.984
202312 91.225 121.300 98.768
202403 84.227 122.762 90.105
202406 96.319 124.409 101.678
202409 111.891 123.121 119.352
202412 113.003 124.753 118.960
202503 118.422 125.531 123.893
202506 114.969 127.251 118.654
202509 117.847 126.840 122.019
202512 115.858 128.400 118.502
202603 110.618 129.860 111.870
202606 111.735 131.330 111.735

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 2.38 mean?
CaixaBank (MEX:CABK N) has a Cyclically Adjusted PB Ratio of 2.38 as of Aug. 05, 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 CaixaBank and its competitors. This is 231% above median its historical median of 0.72. Over the past decade, CaixaBank's Cyclically Adjusted PB Ratio has ranged from 0.33 to 2.56. According to the industry distribution chart, CaixaBank ranks #1113 out of 1286 companies in the Banks industry, placing it in the top 86.5%.
Is CaixaBank's Cyclically Adjusted PB Ratio too high?
CaixaBank's current Cyclically Adjusted PB Ratio of 2.38 is 231% above median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 2.56. The Banks industry median Cyclically Adjusted PB Ratio is 1.27. CaixaBank's value of 2.38 is 87.4% above this industry median. Based on the distribution chart, CaixaBank ranks #1113 out of 1286 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, CaixaBank has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does CaixaBank's Cyclically Adjusted PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, CaixaBank ranks #1113 out of 1286 companies for Cyclically Adjusted PB Ratio. This places CaixaBank in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. CaixaBank's value of 2.38 is 87.4% above this benchmark. Historically, CaixaBank's own Cyclically Adjusted PB Ratio has ranged from 0.33 to 2.56 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 1.27, CaixaBank 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 1.27, based on 1,286 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. CaixaBank's current Cyclically Adjusted PB Ratio of 2.38 is 87.4% 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 CaixaBank and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CaixaBank's current Cyclically Adjusted PB Ratio is 2.38, which is 231% above median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CaixaBank stock overvalued right now?
CaixaBank (MEX:CABK N) has a current Cyclically Adjusted PB Ratio of 2.38. The stock's GF Value™ is MXN113.08, compared to a current price of MXN229.16 — trading 102.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.38, which is 231% above median its 10-year median of 0.72 and 87.4% above the Banks industry median of 1.27. CaixaBank's overall GF Score™ is 61/100 with 7 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 CaixaBank (MEX:CABK N), the current Cyclically Adjusted PB Ratio is 2.38 as of Aug. 05, 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 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 102.7% above its estimated GF Value™ of MXN113.08.

Key valuation signals for MEX:CABK N:

  • Cyclically Adjusted PB Ratio: 2.38 (231% above median its 10-year median of 0.72)
  • GF Value™: MXN113.08 vs. price of MXN229.16 (102.7% above fair value)
  • GF Score™: 61/100 with 7 warning signs
  • Industry Position: 87.4% above the Banks median (#1113 of 1286)

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
MXN113.08
GF Value