Banestes Banco Estado Espirito (BSP:BEES3) Cyclically Adjusted PS Ratio: 1.52 (As of Jul. 22, 2026) — 16% Above Median

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BSP:BEES3 Banestes SA Banco Estado Espirito BSP:BEES3
59 GF Score
Price R$8.78
GF Value R$7.81
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Banestes Banco Estado Espirito Cyclically Adjusted PS Ratio?

Banestes Banco Estado Espirito BSP:BEES3 +0.69% 59 Cyclically Adjusted PS Ratio is 1.52 as of Jul. 22, 2026, which is 16% above its 10-year median of 1.31. GuruFocus rates BSP:BEES3 with a GF Score™ of 59/100 and a GF Value™ of R$7.81 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,299 Banks companies, Banestes Banco Estado Espirito ranks better than 84.06% on this metric.

As of today (2026-07-22), Banestes Banco Estado Espirito's current share price is R$8.78. Banestes Banco Estado Espirito's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$5.76. Banestes Banco Estado Espirito's Cyclically Adjusted PS Ratio for today is 1.52.

The historical rank and industry rank for Banestes Banco Estado Espirito's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:BEES3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.31   Max: 1.64
Current: 1.51

During the past years, Banestes Banco Estado Espirito's highest Cyclically Adjusted PS Ratio was 1.64. The lowest was 0.89. And the median was 1.31.

BSP:BEES3's Cyclically Adjusted PS Ratio is ranked better than
84.06% of 1299 companies
in the Banks industry
Industry Median: 3.37 vs BSP:BEES3: 1.51

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.

Banestes Banco Estado Espirito's adjusted revenue per share data for the three months ended in Mar. 2026 was R$1.479. 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 R$5.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banestes Banco Estado Espirito  (BSP:BEES3) 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.


Banestes Banco Estado Espirito Cyclically Adjusted PS Ratio Related Terms


Banestes Banco Estado Espirito Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Banestes Banco Estado Espirito'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.

Banestes Banco Estado Espirito Cyclically Adjusted PS Ratio Chart

Banestes Banco Estado Espirito 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 0.93 0.96 1.60 1.39 1.43

Banestes Banco Estado Espirito 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 1.38 1.37 1.44 1.43 1.51

Banestes Banco Estado Espirito Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Banestes Banco Estado Espirito'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.


Banestes Banco Estado Espirito Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where Banestes Banco Estado Espirito's Cyclically Adjusted PS Ratio falls into.


BSP:BEES3
59GF Score
Banestes SA Banco Estado Espirito BSP:BEES3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Banestes Banco Estado Espirito 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.

Banestes Banco Estado Espirito's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.78/5.76
=1.52

* 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.

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

For example, Banestes Banco Estado Espirito'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)
=1.479/175.0655*175.0655
=1.479

Current CPI (Mar. 2026) = 175.0655.

Banestes Banco Estado Espirito Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.946 108.851 1.521
201609 0.927 109.986 1.476
201612 1.140 110.802 1.801
201703 0.926 111.869 1.449
201706 0.967 112.115 1.510
201709 0.952 112.777 1.478
201712 1.081 114.068 1.659
201803 0.990 114.868 1.509
201806 1.000 117.038 1.496
201809 1.022 117.881 1.518
201812 0.987 118.340 1.460
201903 1.039 120.124 1.514
201906 1.000 120.977 1.447
201909 1.083 121.292 1.563
201912 1.042 123.436 1.478
202003 1.169 124.092 1.649
202006 0.962 123.557 1.363
202009 0.970 125.095 1.357
202012 1.031 129.012 1.399
202103 0.987 131.660 1.312
202106 1.010 133.871 1.321
202109 1.173 137.913 1.489
202112 1.002 141.992 1.235
202203 1.327 146.537 1.585
202206 1.311 149.784 1.532
202209 1.486 147.800 1.760
202212 1.198 150.207 1.396
202303 1.396 153.352 1.594
202306 1.510 154.519 1.711
202309 1.575 155.464 1.774
202312 0.483 157.148 0.538
202403 1.390 159.372 1.527
202406 1.131 161.052 1.229
202409 1.380 162.342 1.488
202412 1.210 164.740 1.286
202503 1.273 168.102 1.326
202506 0.636 169.670 0.656
202509 1.272 170.739 1.304
202512 1.401 171.765 1.428
202603 1.479 175.066 1.479

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 1.52 mean?
Banestes Banco Estado Espirito (BSP:BEES3) has a Cyclically Adjusted PS Ratio of 1.52 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 Banestes Banco Estado Espirito and its competitors. This is 16% above median its historical median of 1.31. Over the past decade, Banestes Banco Estado Espirito's Cyclically Adjusted PS Ratio has ranged from 0.89 to 1.64. According to the industry distribution chart, Banestes Banco Estado Espirito ranks #207 out of 1299 companies in the Banks industry, placing it in the top 15.9%.
Is Banestes Banco Estado Espirito's Cyclically Adjusted PS Ratio too high?
Banestes Banco Estado Espirito's current Cyclically Adjusted PS Ratio of 1.52 is 16% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 1.64. The Banks industry median Cyclically Adjusted PS Ratio is 3.37. Banestes Banco Estado Espirito's value of 1.52 is 54.9% below this industry median. Based on the distribution chart, Banestes Banco Estado Espirito ranks #207 out of 1299 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Banestes Banco Estado Espirito has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banestes Banco Estado Espirito's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Banestes Banco Estado Espirito ranks #207 out of 1299 companies for Cyclically Adjusted PS Ratio. This places Banestes Banco Estado Espirito in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.37. Banestes Banco Estado Espirito's value of 1.52 is 54.9% below this benchmark. Historically, Banestes Banco Estado Espirito's own Cyclically Adjusted PS Ratio has ranged from 0.89 to 1.64 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 3.37, Banestes Banco Estado Espirito 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. Banestes Banco Estado Espirito's current Cyclically Adjusted PS Ratio of 1.52 is 54.9% 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 Banestes Banco Estado Espirito 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. Banestes Banco Estado Espirito's current Cyclically Adjusted PS Ratio is 1.52, which is 16% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banestes Banco Estado Espirito stock overvalued right now?
Based on GuruFocus' analysis, Banestes Banco Estado Espirito (BSP:BEES3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$7.81, compared to a current price of R$8.78 — trading 12.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.52, which is 16% above median its 10-year median of 1.31 and 54.9% below the Banks industry median of 3.37. Banestes Banco Estado Espirito's overall GF Score™ is 59/100 with 7 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 Banestes Banco Estado Espirito (BSP:BEES3), the current Cyclically Adjusted PS Ratio is 1.52 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 Banestes Banco Estado Espirito (BSP:BEES3) Overvalued in 2026?

Based on GuruFocus' analysis, Banestes Banco Estado Espirito stock appears to be overvalued. The current stock price of R$8.78 is trading 12.4% above its estimated GF Value™ of R$7.81. GuruFocus considers Banestes Banco Estado Espirito to be Modestly Overvalued.

Key valuation signals for BSP:BEES3:

  • Cyclically Adjusted PS Ratio: 1.52 (16% above median its 10-year median of 1.31)
  • GF Value™: R$7.81 vs. price of R$8.78 (12.4% above fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 54.9% below the Banks median (#207 of 1299)

No single metric tells the full story. See the BSP:BEES3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Banestes Banco Estado Espirito Business Description

Other Exchanges BEES4:Brazil
Address Avenue Princesa Isabel, 574, Bloco B - 9th floor - Ed. Palas, Centro, Vitoria, ES, BRA, 29010-031
Banestes SA Banco Estado Espirito operates as a bank. Its activities are focused on the credit operations. It also operates in foreign exchange market, offering products geared mainly to finance imports and exports like letter of credit. The Bank offers credit, securities brokerage services, foreign exchange, and other financial services.
59GF Score

Get the complete analysis for BSP:BEES3

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

R$8.78
Price
R$7.81
GF Value