Piraeus Bank (ATH:TPEIR) Cyclically Adjusted PS Ratio: 0.27 (As of Jul. 22, 2026) — 108% Above Median

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ATH:TPEIR Piraeus Bank SA ATH:TPEIR
50 GF Score
Price €9.40
GF Value €4.07
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Piraeus Bank Cyclically Adjusted PS Ratio?

Piraeus Bank ATH:TPEIR +5.62% 50 Cyclically Adjusted PS Ratio is 0.27 as of Jul. 22, 2026, which is 108% above its 10-year median of 0.13. GuruFocus rates ATH:TPEIR with a GF Score™ of 50/100 and a GF Value™ of €4.07 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,299 Banks companies, Piraeus Bank ranks better than 98.38% on this metric.

As of today (2026-07-22), Piraeus Bank's current share price is €9.40. Piraeus Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €34.49. Piraeus Bank's Cyclically Adjusted PS Ratio for today is 0.27.

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

ATH:TPEIR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.13   Max: 0.27
Current: 0.26

During the past years, Piraeus Bank's highest Cyclically Adjusted PS Ratio was 0.27. The lowest was 0.01. And the median was 0.13.

ATH:TPEIR's Cyclically Adjusted PS Ratio is ranked better than
98.38% of 1299 companies
in the Banks industry
Industry Median: 3.37 vs ATH:TPEIR: 0.26

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Piraeus Bank's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.536. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €34.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Piraeus Bank  (ATH:TPEIR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Piraeus Bank Cyclically Adjusted PS Ratio Related Terms


Piraeus Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Piraeus Bank's Cyclically Adjusted PS 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.

Piraeus Bank Cyclically Adjusted PS Ratio Chart

Piraeus Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.05 0.19

Piraeus Bank Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 0.08 0.11 0.19 0.19 0.20

ATH:TPEIR vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Piraeus Bank's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Piraeus Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where Piraeus Bank's Cyclically Adjusted PS Ratio falls into.


ATH:TPEIR
50GF Score
Piraeus Bank SA ATH:TPEIR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Piraeus Bank Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Piraeus Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.40/34.49
=0.27

* 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.

Piraeus Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Piraeus Bank's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.536/124.8200*124.8200
=0.536

Current CPI (Mar. 2026) = 124.8200.

Piraeus Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 24.380 100.121 30.394
201609 20.545 99.878 25.676
201612 16.114 100.110 20.091
201703 20.315 100.770 25.163
201706 23.726 101.138 29.282
201709 11.009 100.882 13.621
201712 2.922 100.762 3.620
201803 8.739 100.534 10.850
201806 16.669 102.121 20.374
201809 9.871 101.982 12.082
201812 9.154 101.330 11.276
201903 8.997 101.482 11.066
201906 8.996 101.837 11.026
201909 9.254 101.906 11.335
201912 9.135 102.120 11.166
202003 15.267 101.479 18.779
202006 9.989 100.239 12.439
202009 9.730 99.886 12.159
202012 18.198 99.751 22.771
202103 16.704 99.817 20.888
202106 0.728 101.270 0.897
202109 0.350 102.095 0.428
202112 0.255 104.853 0.304
202203 0.561 108.651 0.644
202206 0.409 113.517 0.450
202209 0.406 114.371 0.443
202212 0.461 112.428 0.512
202303 0.458 113.620 0.503
202306 0.506 115.515 0.547
202309 0.532 116.234 0.571
202312 0.581 116.364 0.623
202403 0.522 117.285 0.556
202406 0.584 118.129 0.617
202409 0.568 119.650 0.593
202412 0.586 119.360 0.613
202503 0.520 120.133 0.540
202506 0.539 121.399 0.554
202509 0.520 121.950 0.532
202512 0.388 122.450 0.396
202603 0.536 124.820 0.536

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.27 mean?
Piraeus Bank (ATH:TPEIR) has a Cyclically Adjusted PS Ratio of 0.27 as of Jul. 22, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Piraeus Bank and its competitors. This is 108% above median its historical median of 0.13. Over the past decade, Piraeus Bank's Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.27. According to the industry distribution chart, Piraeus Bank ranks #21 out of 1299 companies in the Banks industry, placing it in the top 1.6%.
Is Piraeus Bank's Cyclically Adjusted PS Ratio too high?
Piraeus Bank's current Cyclically Adjusted PS Ratio of 0.27 is 108% above median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.27. The Banks industry median Cyclically Adjusted PS Ratio is 3.37. Piraeus Bank's value of 0.27 is 92% below this industry median. Based on the distribution chart, Piraeus Bank ranks #21 out of 1299 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Piraeus Bank has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piraeus Bank's Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Piraeus Bank ranks #21 out of 1299 companies for Cyclically Adjusted PS Ratio. This places Piraeus Bank in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.37. Piraeus Bank's value of 0.27 is 92% below this benchmark. Historically, Piraeus Bank's own Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.27 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 3.37, Piraeus Bank has consistently been below 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 PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.37, based on 1,299 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Piraeus Bank's current Cyclically Adjusted PS Ratio of 0.27 is 92% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Piraeus Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piraeus Bank's current Cyclically Adjusted PS Ratio is 0.27, which is 108% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piraeus Bank stock overvalued right now?
Based on GuruFocus' analysis, Piraeus Bank (ATH:TPEIR) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.07, compared to a current price of €9.40 — trading 131% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.27, which is 108% above median its 10-year median of 0.13 and 92% below the Banks industry median of 3.37. Piraeus Bank's overall GF Score™ is 50/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Piraeus Bank (ATH:TPEIR), the current Cyclically Adjusted PS Ratio is 0.27 as of Jul. 22, 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 Piraeus Bank (ATH:TPEIR) Overvalued in 2026?

Based on GuruFocus' analysis, Piraeus Bank stock appears to be overvalued. The current stock price of €9.40 is trading 131% above its estimated GF Value™ of €4.07. GuruFocus considers Piraeus Bank to be Significantly Overvalued.

Key valuation signals for ATH:TPEIR:

  • Cyclically Adjusted PS Ratio: 0.27 (108% above median its 10-year median of 0.13)
  • GF Value™: €4.07 vs. price of €9.40 (131% above fair value)
  • GF Score™: 50/100 with 8 warning signs
  • Industry Position: 92% below the Banks median (#21 of 1299)

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


Piraeus Bank Business Description

Address 4 Amerikis Street, Athens, GRC, 105 64
Piraeus Bank SA operates as a universal bank in Greece, offering a range of financial services across retail, corporate, and investment banking. The activities of the Group are organized into the following business segments: Retail Banking, Corporate Banking, Non-Performing Exposures (NPE) Management, Piraeus Financial Market (PFM), Insurance and others including Asset management. It provides deposits, loans, credit/debit cards, mortgages, investments, and insurance products.
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.40
Price
€4.07
GF Value