BPXXY (BPER Banca SpA) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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BPXXY BPER Banca SpA BPXXY
59 GF Score
Price $32.92
GF Value $13.45
Valuation Significantly Overvalued
! 8 Warning Signs
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What is BPER Banca SpA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BPER Banca SpA  (OTCPK:BPXXY) 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.


BPER Banca SpA Cyclically Adjusted PS Ratio Related Terms


BPER Banca SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BPER Banca SpA'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.

BPER Banca SpA Cyclically Adjusted PS Ratio Chart

BPER Banca SpA 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 0.45 0.44 0.71 1.33 3.03

BPER Banca SpA 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 2.22 2.67 3.10 2.85 3.49

BPER Banca SpA Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, BPER Banca SpA'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.


BPER Banca SpA Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where BPER Banca SpA's Cyclically Adjusted PS Ratio falls into.


BPXXY
59GF Score
BPER Banca SpA BPXXY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BPER Banca SpA 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.

BPER Banca SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, BPER Banca SpA'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)
=2.351/126.4000*126.4000
=2.351

Current CPI (Jun. 2026) = 126.4000.

BPER Banca SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.612 100.100 2.036
201612 1.625 100.300 2.048
201703 1.551 101.000 1.941
201706 1.645 101.100 2.057
201709 1.738 101.200 2.171
201712 1.778 101.200 2.221
201803 2.321 101.800 2.882
201806 1.836 102.400 2.266
201809 1.678 102.600 2.067
201812 1.430 102.300 1.767
201903 1.663 102.800 2.045
201906 1.657 103.100 2.031
201909 2.141 102.900 2.630
201912 2.032 102.800 2.498
202003 1.851 102.900 2.274
202006 1.822 102.900 2.238
202009 2.023 102.300 2.500
202012 1.349 102.600 1.662
202103 1.288 103.700 1.570
202106 1.635 104.200 1.983
202109 1.580 104.900 1.904
202112 1.334 106.600 1.582
202203 1.487 110.400 1.703
202206 1.467 112.500 1.648
202209 1.507 114.200 1.668
202212 2.290 119.000 2.432
202303 2.036 118.800 2.166
202306 2.140 119.700 2.260
202309 2.145 120.300 2.254
202312 2.351 119.700 2.483
202403 2.186 120.200 2.299
202406 2.194 120.700 2.298
202409 2.195 121.200 2.289
202412 2.387 121.200 2.489
202503 2.328 122.500 2.402
202506 2.414 122.700 2.487
202509 2.476 123.100 2.542
202512 2.140 122.600 2.206
202603 1.764 124.560 1.790
202606 2.351 126.400 2.351

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 BPER Banca SpA (BPXXY) Overvalued in 2026?

Based on GuruFocus' analysis, BPER Banca SpA stock appears to be overvalued. The current stock price of $32.92 is trading 144.7% above its estimated GF Value™ of $13.45. GuruFocus considers BPER Banca SpA to be Significantly Overvalued.

Key valuation signals for BPXXY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $13.45 vs. price of $32.92 (144.7% above fair value)
  • GF Score™: 59/100 with 8 warning signs

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


BPER Banca SpA Business Description

Address Via San Carlo 8/20, Modena, ITA, 41121
BPER Banca SpA is a banking group consisting of four Italian regional commercial banks that merged on the initiative of BPER Banca. The banks are involved in a number of market segments, including retail banking, corporate and investment banking, and wealth management and insurance. In addition to the banks, the Group includes product companies, including asset management, personal loans, leasing, and factoring operations, and special purpose vehicles. Its strategy emphasizes customer service and cooperative banking. BPER group's customer base overwhelming derives from retail banking, mostly from individuals with some business deposits. Its loan base, however, is principally the group's corporate customers.
59GF Score

Get the complete analysis for BPXXY

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

$32.92
Price
$13.45
GF Value