First National Bank Botswana (BOT:FNBBBT) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

BOT:FNBBBT First National Bank Botswana Ltd BOT:FNBBBT
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What is First National Bank Botswana Cyclically Adjusted PS Ratio?

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First National Bank Botswana  (BOT:FNBBBT) 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.


First National Bank Botswana Cyclically Adjusted PS Ratio Related Terms


First National Bank Botswana Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for First National Bank Botswana'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.

First National Bank Botswana Cyclically Adjusted PS Ratio Chart

First National Bank Botswana Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.67 3.44 4.24 4.21 4.17

First National Bank Botswana Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 4.35 4.41 4.37 4.34 4.32

BOT:FNBBBT vs : Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, First National Bank Botswana'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.


First National Bank Botswana Cyclically Adjusted PS Ratio vs Banks Industry

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

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


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First National Bank Botswana Ltd BOT:FNBBBT
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First National Bank Botswana 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.

First National Bank Botswana's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun26 is calculated as:

For example, First National Bank Botswana's adjusted Revenue per Share data for the fiscal year that ended in Jun26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=1.661/333.9520*333.9520
=1.661

Current CPI (Jun26) = 333.9520.

First National Bank Botswana Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201706 0.842 244.955 1.148
201806 0.882 251.989 1.169
201906 0.958 256.143 1.249
202006 1.064 257.797 1.378
202106 0.992 271.696 1.219
202206 1.091 296.311 1.230
202306 1.269 305.109 1.389
202406 1.473 314.175 1.566
202506 1.610 322.561 1.667
202606 1.661 333.952 1.661

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.


First National Bank Botswana Business Description

Comparable Companies
Address Plot 54362, First Place, Central Business District, PO Box 1552, Gaborone, BWA
First National Bank Botswana Ltd is a commercial bank which offers banking and related services through its branches, agencies and automated teller machines in Botswana. The company offers cheque, transactional savings, and student accounts, overdrafts, loans, and corporate finance services, credit and debit cards. It also provides foreign exchange solutions; Islamic finance and financial planning services; forex and trade services, such as payment, and import and export solutions; and accounting, point of sale, and custody services. In addition, the company offers agricultural solutions, farming enterprise finance services, payment, funding, and cash management services to the public sector; and treasury and trade services. Further, it provides corporate and investment banking services.
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