BCO Estado do Rio Grande do Sul (BSP:BRSR3) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:BRSR3 BCO Estado do Rio Grande do Sul SA BSP:BRSR3
76 GF Score
Price R$18.18
GF Value R$15.55
Valuation Modestly Overvalued
! 6 Warning Signs
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What is BCO Estado do Rio Grande do Sul Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BCO Estado do Rio Grande do Sul  (BSP:BRSR3) 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.


BCO Estado do Rio Grande do Sul Cyclically Adjusted PS Ratio Related Terms


BCO Estado do Rio Grande do Sul Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BCO Estado do Rio Grande do Sul'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.

BCO Estado do Rio Grande do Sul Cyclically Adjusted PS Ratio Chart

BCO Estado do Rio Grande do Sul 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 0.56 0.49 0.61 0.50 0.70

BCO Estado do Rio Grande do Sul Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 0.48 0.55 0.67 0.74 0.69

BCO Estado do Rio Grande do Sul Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, BCO Estado do Rio Grande do Sul'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.


BCO Estado do Rio Grande do Sul Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, BCO Estado do Rio Grande do Sul's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where BCO Estado do Rio Grande do Sul's Cyclically Adjusted PS Ratio falls into.


BSP:BRSR3
76GF Score
BCO Estado do Rio Grande do Sul SA BSP:BRSR3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BCO Estado do Rio Grande do Sul 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.

BCO Estado do Rio Grande do Sul's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, BCO Estado do Rio Grande do Sul'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)
=5.596/177.5443*177.5443
=5.596

Current CPI (Jun. 2026) = 177.5443.

BCO Estado do Rio Grande do Sul Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.368 108.851 7.125
201609 4.494 109.986 7.254
201612 4.620 110.802 7.403
201703 4.230 111.869 6.713
201706 4.401 112.115 6.969
201709 6.802 112.777 10.708
201712 5.726 114.068 8.912
201803 4.644 114.868 7.178
201806 4.673 117.038 7.089
201809 4.887 117.881 7.360
201812 5.366 118.340 8.051
201903 4.672 120.124 6.905
201906 5.184 120.977 7.608
201909 5.025 121.292 7.355
201912 5.018 123.436 7.218
202003 4.739 124.092 6.780
202006 4.465 123.557 6.416
202009 4.538 125.095 6.441
202012 5.209 129.012 7.169
202103 4.331 131.660 5.840
202106 4.481 133.871 5.943
202109 4.465 137.913 5.748
202112 4.451 141.992 5.565
202203 4.163 146.537 5.044
202206 4.575 149.784 5.423
202209 4.340 147.800 5.213
202303 4.278 153.352 4.953
202306 4.416 154.519 5.074
202309 4.558 155.464 5.205
202312 4.942 157.148 5.583
202403 5.600 159.372 6.239
202406 5.286 161.052 5.827
202409 5.293 162.342 5.789
202412 5.043 164.740 5.435
202503 5.323 168.102 5.622
202506 5.702 169.670 5.967
202509 5.781 170.739 6.011
202512 5.747 171.765 5.940
202603 5.943 175.066 6.027
202606 5.596 177.544 5.596

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 BCO Estado do Rio Grande do Sul (BSP:BRSR3) Overvalued in 2026?

Based on GuruFocus' analysis, BCO Estado do Rio Grande do Sul stock appears to be overvalued. The current stock price of R$18.18 is trading 16.9% above its estimated GF Value™ of R$15.55. GuruFocus considers BCO Estado do Rio Grande do Sul to be Modestly Overvalued.

Key valuation signals for BSP:BRSR3:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$15.55 vs. price of R$18.18 (16.9% above fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the BSP:BRSR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BCO Estado do Rio Grande do Sul Business Description

Other Exchanges BRSR6:BrazilBRSR5:Brazil
Address Rua Capitao Montanha, nº 177 - Centro Porto Alegre, Porto Alegre, RS, BRA, 90010-040
BCO Estado do Rio Grande do Sul SA is a Brazil-based commercial bank that provides personal and corporate banking services. It provides financial services such as multiple banks, providing brokering services, consortia, card management, and warehouses. The company with its subsidiaries and affiliates operates commercial, lending, financing and investment, mortgage loan, development, leasing, and investment portfolios, including foreign exchange transactions, securities brokerage, and credit card and consortium management.
76GF Score

Get the complete analysis for BSP:BRSR3

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

R$18.18
Price
R$15.55
GF Value