Stanbic IBTC Holdings (NSA:STANBIC) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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NSA:STANBIC Stanbic IBTC Holdings PLC NSA:STANBIC
73 GF Score
Price ₦153.00
GF Value ₦116.44
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Stanbic IBTC Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Stanbic IBTC Holdings  (NSA:STANBIC) 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.


Stanbic IBTC Holdings Cyclically Adjusted PB Ratio Related Terms


Stanbic IBTC Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Stanbic IBTC Holdings'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.

Stanbic IBTC Holdings Cyclically Adjusted PB Ratio Chart

Stanbic IBTC Holdings 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 1.94 1.53 2.73 1.96 2.80

Stanbic IBTC Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.13 2.78 3.40 2.99 3.74

Stanbic IBTC Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Stanbic IBTC Holdings'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.


Stanbic IBTC Holdings Cyclically Adjusted PB Ratio vs Banks Industry

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

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


NSA:STANBIC
73GF Score
Stanbic IBTC Holdings PLC NSA:STANBIC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Stanbic IBTC Holdings 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.

Stanbic IBTC Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Stanbic IBTC Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=79.221/330.2130*330.2130
=79.221

Current CPI (Mar. 2026) = 330.2130.

Stanbic IBTC Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.500 241.018 15.756
201609 12.089 241.428 16.535
201612 11.755 241.432 16.078
201703 13.028 243.801 17.646
201706 13.480 244.955 18.172
201709 14.097 246.819 18.860
201712 15.387 246.524 20.611
201803 16.279 249.554 21.541
201806 17.484 251.989 22.911
201809 18.049 252.439 23.610
201812 19.539 251.233 25.681
201903 21.445 254.202 27.857
201906 21.555 256.143 27.788
201909 23.292 256.759 29.955
201912 24.019 256.974 30.865
202003 25.494 258.115 32.615
202006 26.744 257.797 34.256
202009 27.495 260.280 34.882
202012 28.460 260.474 36.080
202103 28.830 264.877 35.941
202106 30.383 271.696 36.927
202109 27.087 274.310 32.607
202112 28.330 278.802 33.554
202203 29.768 287.504 34.190
202206 28.414 296.311 31.665
202209 28.578 296.808 31.794
202212 30.638 296.797 34.087
202303 32.881 301.836 35.972
202306 33.915 305.109 36.705
202309 35.410 307.789 37.990
202312 38.106 306.746 41.021
202403 40.932 312.332 43.275
202406 43.939 314.175 46.182
202409 47.403 315.301 49.645
202412 51.760 315.605 54.156
202503 56.811 319.799 58.661
202506 58.264 322.561 59.646
202509 66.992 324.800 68.108
202512 70.678 324.054 72.021
202603 79.221 330.213 79.221

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 Stanbic IBTC Holdings (NSA:STANBIC) Overvalued in 2026?

Based on GuruFocus' analysis, Stanbic IBTC Holdings stock appears to be overvalued. The current stock price of ₦153.00 is trading 31.4% above its estimated GF Value™ of ₦116.44. GuruFocus considers Stanbic IBTC Holdings to be Significantly Overvalued.

Key valuation signals for NSA:STANBIC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₦116.44 vs. price of ₦153.00 (31.4% above fair value)
  • GF Score™: 73/100 with 2 warning signs

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


Stanbic IBTC Holdings Business Description

Address Walter Carrington Crescent, IBTC Place, Victoria Island, Lagos, NGA
Stanbic IBTC Holdings PLC provides banking services. The company's operating segments include Personal & Private Banking (PPB), Business & Commercial Banking (BCB), Insurance & Asset Management (IAM), and Corporate & Investment Banking (CIB). It generates a majority of its revenue from the Corporate and Investment Banking segment, which serves companies, governments, parastatals, and institutional clients across Africa and internationally.
73GF Score

Get the complete analysis for NSA:STANBIC

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

₦153.00
Price
₦116.44
GF Value