Bancontander (BUE:SAN) Cyclically Adjusted PS Ratio: (As of Jul. 24, 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.

BUE:SAN Banco Santander SA BUE:SAN
36 GF Score
Price ARS83,800.00
GF Value ARS37,178.13
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Bancontander 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


Bancontander  (BUE:SAN) 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.


Bancontander Cyclically Adjusted PS Ratio Related Terms


Bancontander Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bancontander'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.

Bancontander Cyclically Adjusted PS Ratio Chart

Bancontander 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 0.85 0.81 1.09 1.27 2.81

Bancontander 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 1.97 2.51 2.81 2.61 0.00

BUE:SAN vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, Bancontander'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.


Bancontander Cyclically Adjusted PS Ratio vs Banks Industry

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

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


BUE:SAN
36GF Score
Banco Santander SA BUE:SAN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bancontander 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.

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

For example, Bancontander'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)
=1835.746/130.5100*130.5100
=1,835.746

Current CPI (Jun. 2026) = 130.5100.

Bancontander Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 11.930 99.737 15.611
201612 12.371 101.842 15.853
201703 13.064 100.896 16.898
201706 14.846 101.848 19.024
201709 15.328 101.524 19.704
201712 16.734 102.975 21.209
201803 18.177 102.122 23.230
201806 21.470 104.165 26.900
201809 27.084 103.818 34.047
201812 32.911 104.193 41.223
201903 32.825 103.488 41.396
201906 38.324 104.612 47.812
201909 31.231 103.905 39.228
201912 50.237 105.015 62.433
202003 46.028 103.469 58.057
202006 50.706 104.254 63.476
202009 67.853 103.521 85.543
202012 58.629 104.456 73.253
202103 62.844 104.857 78.218
202106 82.415 107.102 100.427
202109 70.737 107.669 85.743
202112 111.549 111.298 130.805
202203 82.177 115.153 93.137
202206 88.876 118.044 98.261
202209 103.382 117.221 115.102
202212 134.369 117.650 149.056
202303 179.635 118.948 197.096
202306 216.868 120.278 235.316
202309 321.505 121.343 345.795
202312 328.600 121.300 353.551
202403 862.950 122.762 917.413
202406 931.177 124.409 976.845
202409 969.960 123.121 1,028.174
202412 1,024.358 124.753 1,071.627
202503 1,067.246 125.531 1,109.581
202506 1,258.420 127.251 1,290.651
202509 1,418.754 126.840 1,459.804
202512 1,623.197 128.400 1,649.871
202603 1,647.535 129.860 1,655.782
202606 1,835.746 130.510 1,835.746

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 Bancontander (BUE:SAN) Overvalued in 2026?

Based on GuruFocus' analysis, Bancontander stock appears to be overvalued. The current stock price of ARS83,800.00 is trading 125.4% above its estimated GF Value™ of ARS37,178.13. GuruFocus considers Bancontander to be Significantly Overvalued.

Key valuation signals for BUE:SAN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ARS37,178.13 vs. price of ARS83,800.00 (125.4% above fair value)
  • GF Score™: 36/100 with 7 warning signs

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


Bancontander Business Description

Address Avenida de Cantabria s/n, Boadilla del Monte, Ciudad Grupo Santander, Madrid, ESP, 28660
Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's UK presence is the result of its acquisition of Abbey building society. In the US, Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.
36GF Score

Get the complete analysis for BUE:SAN

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

ARS83,800.00
Price
ARS37,178.13
GF Value