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Banco Bilbao Vizcaya Argentaria (MIL:1BBVA) Cyclically Adjusted PB Ratio : 1.53 (As of Jun. 03, 2025)


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What is Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Banco Bilbao Vizcaya Argentaria's current share price is €13.225. Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €8.66. Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PB Ratio for today is 1.53.

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

MIL:1BBVA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.76   Max: 1.55
Current: 1.53

During the past years, Banco Bilbao Vizcaya Argentaria's highest Cyclically Adjusted PB Ratio was 1.55. The lowest was 0.29. And the median was 0.76.

MIL:1BBVA's Cyclically Adjusted PB Ratio is ranked worse than
75.78% of 1284 companies
in the Banks industry
Industry Median: 1.01 vs MIL:1BBVA: 1.53

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.

Banco Bilbao Vizcaya Argentaria's adjusted book value per share data for the three months ended in Mar. 2025 was €9.568. 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 €8.66 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Banco Bilbao Vizcaya Argentaria'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.

Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PB Ratio Chart

Banco Bilbao Vizcaya Argentaria 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 0.53 0.66 0.68 0.98 1.10

Banco Bilbao Vizcaya Argentaria 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 1.30 1.09 1.14 1.10 1.45

Competitive Comparison of Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, Banco Bilbao Vizcaya Argentaria'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.


Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PB Ratio falls into.


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Banco Bilbao Vizcaya Argentaria 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.

Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.225/8.66
=1.53

* 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.

Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Banco Bilbao Vizcaya Argentaria'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)
=9.568/125.5305*125.5305
=9.568

Current CPI (Mar. 2025) = 125.5305.

Banco Bilbao Vizcaya Argentaria Quarterly Data

Book Value per Share CPI Adj_Book
201506 7.824 101.138 9.711
201509 7.348 99.559 9.265
201512 7.474 100.268 9.357
201603 7.201 98.638 9.164
201606 7.352 100.333 9.198
201609 7.372 99.737 9.279
201612 7.221 101.842 8.901
201703 7.213 100.896 8.974
201706 7.181 101.848 8.851
201709 7.106 101.524 8.786
201712 6.964 102.975 8.489
201803 6.797 102.122 8.355
201806 6.875 104.165 8.285
201809 6.912 103.818 8.358
201812 7.115 104.193 8.572
201903 7.202 103.488 8.736
201906 7.326 104.612 8.791
201909 7.608 103.905 9.191
201912 7.321 105.015 8.751
202003 6.457 103.469 7.834
202006 6.556 104.254 7.894
202009 6.479 103.521 7.857
202012 6.695 104.456 8.046
202103 6.804 104.857 8.145
202106 6.684 107.102 7.834
202109 6.756 107.669 7.877
202112 6.713 111.298 7.571
202203 6.758 115.153 7.367
202206 7.115 118.044 7.566
202209 7.682 117.221 8.227
202212 7.784 117.650 8.305
202303 7.949 118.948 8.389
202306 8.222 120.278 8.581
202309 8.349 121.343 8.637
202312 8.856 121.300 9.165
202403 9.016 122.762 9.219
202406 9.255 124.409 9.338
202409 9.194 123.121 9.374
202412 9.668 124.753 9.728
202503 9.568 125.531 9.568

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.


Banco Bilbao Vizcaya Argentaria  (MIL:1BBVA) 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.


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PB Ratio Related Terms

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


Banco Bilbao Vizcaya Argentaria Business Description

Address
Calle Azul, 4, Madrid, ESP, 28050
Despite its Spanish origins, BBVA generates only around a quarter of its profits in Spain. We expect that on a normalised basis, BBVA's market-leading Mexican bank should contribute half of its earnings, while its Turkish operation should account for another 15%. The balance of BBVA's earnings comes from smaller operations in South America. BBVA is overwhelmingly a retail and commercial bank, with corporate and investment banking forming a minor part of the overall business. BBVA also offers insurance and investment products through its banking networks.

Banco Bilbao Vizcaya Argentaria Headlines

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