BBVXF (Banco Bilbao Vizcaya Argentaria) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

BBVXF Banco Bilbao Vizcaya Argentaria SA BBVXF
66 GF Score
Price $28.31
GF Value $14.41
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Bilbao Vizcaya Argentaria  (OTCPK:BBVXF) 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.


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio Related Terms


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Banco Bilbao Vizcaya Argentaria'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.

Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio Chart

Banco Bilbao Vizcaya Argentaria 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 1.34 1.37 1.92 2.08 4.16

Banco Bilbao Vizcaya Argentaria Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.75 3.43 4.16 3.68 0.00

BBVXF vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

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


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio vs Banks Industry

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

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


BBVXF
66GF Score
Banco Bilbao Vizcaya Argentaria SA BBVXF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco Bilbao Vizcaya Argentaria 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.

Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Banco Bilbao Vizcaya Argentaria's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.095/130.5100*130.5100
=2.095

Current CPI (Jun. 2026) = 130.5100.

Banco Bilbao Vizcaya Argentaria Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.935 99.737 1.223
201612 1.284 101.842 1.645
201703 0.969 100.896 1.253
201706 1.029 101.848 1.319
201709 1.032 101.524 1.327
201712 1.213 102.975 1.537
201803 1.037 102.122 1.325
201806 0.931 104.165 1.166
201809 0.973 103.818 1.223
201812 0.992 104.193 1.243
201903 0.925 103.488 1.167
201906 0.902 104.612 1.125
201909 0.935 103.905 1.174
201912 1.083 105.015 1.346
202003 1.046 103.469 1.319
202006 0.700 104.254 0.876
202009 0.822 103.521 1.036
202012 0.779 104.456 0.973
202103 0.916 104.857 1.140
202106 0.854 107.102 1.041
202109 0.977 107.669 1.184
202112 0.923 111.298 1.082
202203 1.015 115.153 1.150
202206 1.124 118.044 1.243
202209 1.179 117.221 1.313
202212 1.055 117.650 1.170
202303 1.238 118.948 1.358
202306 1.411 120.278 1.531
202309 1.345 121.343 1.447
202312 1.301 121.300 1.400
202403 1.536 122.762 1.633
202406 1.836 124.409 1.926
202409 1.733 123.121 1.837
202412 1.604 124.753 1.678
202503 1.752 125.531 1.821
202506 1.681 127.251 1.724
202509 1.904 126.840 1.959
202512 1.902 128.400 1.933
202603 2.176 129.860 2.187
202606 2.095 130.510 2.095

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.

Is Banco Bilbao Vizcaya Argentaria (BBVXF) Overvalued in 2026?

Based on GuruFocus' analysis, Banco Bilbao Vizcaya Argentaria stock appears to be overvalued. The current stock price of $28.31 is trading 96.5% above its estimated GF Value™ of $14.41. GuruFocus considers Banco Bilbao Vizcaya Argentaria to be Significantly Overvalued.

Key valuation signals for BBVXF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $14.41 vs. price of $28.31 (96.5% above fair value)
  • GF Score™: 66/100 with 7 warning signs

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


Banco Bilbao Vizcaya Argentaria Business Description

Address Plaza San Nicolas, 4, Bilbao, ESP, 48005
Despite its Spanish origins, Banco Bilbao Vizcaya Argentaria generates only around one-fourth of its profits in Spain. We expect that on a normalized 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.
66GF Score

Get the complete analysis for BBVXF

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

$28.31
Price
$14.41
GF Value