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Banco BTG Pactual S.A.BSP:BPAC3 +2.05%78 Cyclically Adjusted PS Ratio is 10.08 as of Jul. 18, 2026, which is 8% below its 10-year median of 10.97. GuruFocus rates BSP:BPAC3 with a GF Score™ of 78/100 and a GF Value™ of R$25.98 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 603 Capital Markets companies, Banco BTG Pactual S.A. ranks worse than 82.59% on this metric.
The historical rank and industry rank for Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio or its related term are showing as below:
BSP:BPAC3'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.75 Med: 10.97 Max: 20.97
Current: 10.81
During the past years, Banco BTG Pactual S.A.'s highest Cyclically Adjusted PS Ratio was 20.97. The lowest was 7.75. And the median was 10.97.
BSP:BPAC3's Cyclically Adjusted PS Ratio is ranked worse than 82.59% of 603
companies
in the Capital Markets industry
Industry Median: 3.36
vs BSP:BPAC3: 10.81
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.
Banco BTG Pactual S.A.'s adjusted revenue per share data for the three months ended in Mar. 2026 was R$1.267. 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$2.27 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Banco BTG Pactual S.A. (BSP:BPAC3) 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 BTG Pactual S.A. Cyclically Adjusted PS Ratio Related Terms
Banco BTG Pactual S.A. Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Banco BTG Pactual S.A.'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 BTG Pactual S.A. Cyclically Adjusted PS Ratio Chart
BSP:BPAC3 vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison
For the Capital Markets subindustry, Banco BTG Pactual S.A.'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 BTG Pactual S.A. Cyclically Adjusted PS Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio falls into.
Banco BTG Pactual S.A. 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.
* 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.
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 10.08 mean?
Banco BTG Pactual S.A. (BSP:BPAC3) has a Cyclically Adjusted PS Ratio of 10.08 as of Jul. 18, 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 Banco BTG Pactual S.A. and its competitors. This is near median its historical median of 10.97. Over the past decade, Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio has ranged from 7.75 to 20.97. According to the industry distribution chart, Banco BTG Pactual S.A. ranks #498 out of 603 companies in the Capital Markets industry, placing it in the top 82.6%.
Is Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio too high?
Banco BTG Pactual S.A.'s current Cyclically Adjusted PS Ratio of 10.08 is near median its 10-year median of 10.97. Over the past 10 years, this metric has ranged from a low of 7.75 to a high of 20.97. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.36. Banco BTG Pactual S.A.'s value of 10.08 is 200% above this industry median. Based on the distribution chart, Banco BTG Pactual S.A. ranks #498 out of 603 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Banco BTG Pactual S.A. has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Banco BTG Pactual S.A. ranks #498 out of 603 companies for Cyclically Adjusted PS Ratio. This places Banco BTG Pactual S.A. in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.36. Banco BTG Pactual S.A.'s value of 10.08 is 200% above this benchmark. Historically, Banco BTG Pactual S.A.'s own Cyclically Adjusted PS Ratio has ranged from 7.75 to 20.97 over the past decade. While the company's 10-year median is 10.97 vs. the industry median of 3.36, Banco BTG Pactual S.A. has consistently been above 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.36, based on 603 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. Banco BTG Pactual S.A.'s current Cyclically Adjusted PS Ratio of 10.08 is 200% above 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 Banco BTG Pactual S.A. and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco BTG Pactual S.A.'s current Cyclically Adjusted PS Ratio is 10.08, which is near median its own 10-year median of 10.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco BTG Pactual S.A. stock overvalued right now?
Based on GuruFocus' analysis, Banco BTG Pactual S.A. (BSP:BPAC3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$25.98, compared to a current price of R$22.88 — trading 11.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.08, which is near median its 10-year median of 10.97 and 200% above the Capital Markets industry median of 3.36. Banco BTG Pactual S.A.'s overall GF Score™ is 78/100 with 2 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 Banco BTG Pactual S.A. (BSP:BPAC3), the current Cyclically Adjusted PS Ratio is 10.08 as of Jul. 18, 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 Banco BTG Pactual S.A. (BSP:BPAC3) Overvalued in 2026?
Based on GuruFocus' analysis, Banco BTG Pactual S.A. stock appears to be undervalued.
The current stock price of R$22.88 is trading 11.9% below its estimated GF Value™ of R$25.98.
GuruFocus considers Banco BTG Pactual S.A. to be Modestly Undervalued.
Key valuation signals for BSP:BPAC3:
Cyclically Adjusted PS Ratio: 10.08 (near median its 10-year median of 10.97)
GF Value™: R$25.98 vs. price of R$22.88 (11.9% below fair value)
Industry Position: 200% above the Capital Markets median (#498 of 603)
No single metric tells the full story. See the BSP:BPAC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banco BTG Pactual S.A. is a Brazil-based banking firm. It offers financial products and services regarding commercial, investments, credit, financing, capital leases, insurance, and foreign exchange portfolios, among others, in the country and several locations abroad.
78GF Score
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