BTCS (STU:BIC) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

STU:BIC BTCS Inc STU:BIC
41 GF Score
Price €1.24
GF Value €3.64
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is BTCS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BTCS  (STU:BIC) 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.


BTCS Cyclically Adjusted PB Ratio Related Terms


BTCS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BTCS'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.

BTCS Cyclically Adjusted PB Ratio Chart

BTCS 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 0.02 - - - -

BTCS 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 - - - - -

STU:BIC vs NCTY, CFOR, AUC: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, BTCS'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.


BTCS Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


STU:BIC
41GF Score
BTCS Inc STU:BIC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BTCS 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.

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

For example, BTCS'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)
=0.648/333.9520*333.9520
=0.648

Current CPI (Jun. 2026) = 333.9520.

BTCS Quarterly Data

Book Value per Share CPI Adj_Book
201606 -2,314.515 241.018 -3,206.968
201609 -407.415 241.428 -563.551
201703 -40.925 243.801 -56.058
201706 -16.392 244.955 -22.348
201709 -6.541 246.819 -8.850
201712 0.353 246.524 0.478
201803 0.231 249.554 0.309
201806 0.091 251.989 0.121
201809 -0.065 252.439 -0.086
201812 -0.179 251.233 -0.238
201903 -0.192 254.202 -0.252
201906 0.052 256.143 0.068
201909 0.200 256.759 0.260
201912 -0.083 256.974 -0.108
202003 -0.049 258.115 -0.063
202006 0.020 257.797 0.026
202009 -0.029 260.280 -0.037
202012 0.203 260.474 0.260
202103 1.427 264.877 1.799
202106 1.004 271.696 1.234
202109 0.724 274.310 0.881
202112 1.011 278.802 1.211
202203 1.249 287.504 1.451
202206 0.782 296.311 0.881
202209 0.806 296.808 0.907
202212 0.667 296.797 0.750
202303 0.598 301.836 0.662
202306 0.391 305.109 0.428
202309 0.386 307.789 0.419
202312 1.395 306.746 1.519
202403 2.166 312.332 2.316
202406 1.793 314.175 1.906
202409 1.225 315.301 1.297
202412 1.618 315.605 1.712
202503 0.813 319.799 0.849
202506 1.096 322.561 1.135
202509 4.039 324.800 4.153
202512 2.498 324.054 2.574
202603 1.223 330.213 1.237
202606 0.648 333.952 0.648

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 BTCS (STU:BIC) Overvalued in 2026?

Based on GuruFocus' analysis, BTCS stock appears to be undervalued. The current stock price of €1.24 is trading 65.8% below its estimated GF Value™ of €3.64. GuruFocus considers BTCS to be Possible Value Trap.

Key valuation signals for STU:BIC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.64 vs. price of €1.24 (65.8% below fair value)
  • GF Score™: 41/100 with 5 warning signs

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


BTCS Business Description

Other Exchanges BTCS:USA
Address 303 W. Lancaster Avenue, No.336, Wayne, PA, USA, 19087
BTCS Inc is is a U.S.-based, Nasdaq-listed blockchain technology company focused on revenue generation through blockchain infrastructure and decentralized finance (DeFi) activities, mainly on the Ethereum network. BTCS operates as an active participant in the Ethereum ecosystem, generating digital asset-denominated on-chain revenues through its operations.
41GF Score

Get the complete analysis for STU:BIC

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

€1.24
Price
€3.64
GF Value