Credicorp (BSP:B2AP34) Cyclically Adjusted PS Ratio: (As of Jul. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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.

BSP:B2AP34 Credicorp Ltd BSP:B2AP34
51 GF Score
Price R$163.00
GF Value R$92.14
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Credicorp Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Credicorp  (BSP:B2AP34) 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.


Credicorp Cyclically Adjusted PS Ratio Related Terms


Credicorp Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Credicorp'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.

Credicorp Cyclically Adjusted PS Ratio Chart

Credicorp 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 2.43 2.42 2.44 2.78 4.06

Credicorp 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 2.76 3.24 3.79 4.06 4.66

BSP:B2AP34 vs CFG, MTB, RF: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Credicorp'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.


Credicorp Cyclically Adjusted PS Ratio vs Banks Industry

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

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


BSP:B2AP34
51GF Score
Credicorp Ltd BSP:B2AP34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Credicorp 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.

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

For example, Credicorp'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)
=118.352/330.2130*330.2130
=118.352

Current CPI (Mar. 2026) = 330.2130.

Credicorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 59.692 241.018 81.783
201609 60.366 241.428 82.566
201612 61.141 241.432 83.624
201703 61.170 243.801 82.851
201706 60.707 244.955 81.836
201709 66.431 246.819 88.876
201712 66.740 246.524 89.397
201803 63.306 249.554 83.767
201806 62.512 251.989 81.917
201809 65.065 252.439 85.111
201812 68.384 251.233 89.882
201903 68.196 254.202 88.588
201906 68.791 256.143 88.684
201909 70.944 256.759 91.240
201912 72.640 256.974 93.343
202003 67.581 258.115 86.458
202006 60.158 257.797 77.057
202009 62.953 260.280 79.867
202012 66.771 260.474 84.648
202103 62.787 264.877 78.274
202106 65.210 271.696 79.255
202109 72.634 274.310 87.436
202112 75.295 278.802 89.179
202203 73.113 287.504 83.974
202206 75.869 296.311 84.549
202209 84.631 296.808 94.156
202212 87.650 296.797 97.518
202303 89.354 301.836 97.755
202306 93.140 305.109 100.803
202309 93.999 307.789 100.847
202312 97.728 306.746 105.204
202403 96.157 312.332 101.662
202406 101.195 314.175 106.361
202409 102.412 315.301 107.256
202412 108.151 315.605 113.157
202503 106.638 319.799 110.111
202506 115.363 322.561 118.100
202509 116.837 324.800 118.784
202512 115.639 324.054 117.837
202603 118.352 330.213 118.352

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 Credicorp (BSP:B2AP34) Overvalued in 2026?

Based on GuruFocus' analysis, Credicorp stock appears to be overvalued. The current stock price of R$163.00 is trading 76.9% above its estimated GF Value™ of R$92.14. GuruFocus considers Credicorp to be Significantly Overvalued.

Key valuation signals for BSP:B2AP34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$92.14 vs. price of R$163.00 (76.9% above fair value)
  • GF Score™: 51/100 with 5 warning signs

No single metric tells the full story. See the BSP:B2AP34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Credicorp Business Description

Address Calle Centenario 156, La Molina, Lima, PER, 15026
Credicorp Ltd is a Peruvian financial services company. The company operates in four business lines, including Universal Banking, Insurance and Retirement, Microfinance, and Investment Banking and Asset Management. Its subsidiaries include Banco de Credito del Peru, Prima AFP, Credicorp Capital, and others. Geographically, the company operates in Peru, Colombia, Bolivia, Chile, Panama, the USA, and Mexico; the majority of its revenue is generated from Peru.
51GF Score

Get the complete analysis for BSP:B2AP34

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

R$163.00
Price
R$92.14
GF Value