Attijariwafa Bank (CAS:ATW) Cyclically Adjusted PS Ratio: 4.36 (As of Jul. 11, 2026) — 20% Above Median


CAS:ATW Attijariwafa Bank SA CAS:ATW
71 GF Score
Price MAD687.00
GF Value MAD643.77
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Attijariwafa Bank Cyclically Adjusted PS Ratio?

Attijariwafa Bank CAS:ATW +1.43% 71 Cyclically Adjusted PS Ratio is 4.36 as of Jul. 11, 2026, which is 20% above its 10-year median of 3.62. GuruFocus rates CAS:ATW with a GF Score™ of 71/100 and a GF Value™ of MAD643.77 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,300 Banks companies, Attijariwafa Bank ranks worse than 71.54% on this metric.

As of today (2026-07-11), Attijariwafa Bank's current share price is MAD687.00. Attijariwafa Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MAD157.65. Attijariwafa Bank's Cyclically Adjusted PS Ratio for today is 4.36.

The historical rank and industry rank for Attijariwafa Bank's Cyclically Adjusted PS Ratio or its related term are showing as below:

CAS:ATW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.67   Med: 3.62   Max: 5.17
Current: 4.44

During the past years, Attijariwafa Bank's highest Cyclically Adjusted PS Ratio was 5.17. The lowest was 2.67. And the median was 3.62.

CAS:ATW's Cyclically Adjusted PS Ratio is ranked worse than
71.54% of 1300 companies
in the Banks industry
Industry Median: 3.31 vs CAS:ATW: 4.44

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.

Attijariwafa Bank's adjusted revenue per share data for the three months ended in Mar. 2026 was MAD48.662. 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 MAD157.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Attijariwafa Bank  (CAS:ATW) 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.


Attijariwafa Bank Cyclically Adjusted PS Ratio Related Terms


Attijariwafa Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Attijariwafa Bank'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.

Attijariwafa Bank Cyclically Adjusted PS Ratio Chart

Attijariwafa Bank 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 0.00 2.92 3.27 3.84 4.74

Attijariwafa Bank 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 4.63 4.45 4.81 4.74 4.34

CAS:ATW vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, Attijariwafa Bank'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.


Attijariwafa Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


CAS:ATW
71GF Score
Attijariwafa Bank SA CAS:ATW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Attijariwafa Bank 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.

Attijariwafa Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=687.00/157.65
=4.36

* 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.

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

For example, Attijariwafa Bank'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)
=48.662/330.2130*330.2130
=48.662

Current CPI (Mar. 2026) = 330.2130.

Attijariwafa Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 34.039 241.018 46.636
201609 30.201 241.428 41.307
201612 4.737 241.432 6.479
201703 34.093 243.801 46.177
201706 36.013 244.955 48.548
201709 36.442 246.819 48.755
201712 2.603 246.524 3.487
201803 36.676 249.554 48.530
201806 39.808 251.989 52.165
201809 36.424 252.439 47.646
201812 1.476 251.233 1.940
201903 40.425 254.202 52.513
201906 41.791 256.143 53.876
201909 40.457 256.759 52.031
201912 -0.825 256.974 -1.060
202003 41.413 258.115 52.981
202006 42.475 257.797 54.406
202009 36.899 260.280 46.813
202012 1.487 260.474 1.885
202103 42.970 264.877 53.569
202106 45.750 271.696 55.603
202109 40.465 274.310 48.712
202112 -5.801 278.802 -6.871
202203 43.894 287.504 50.414
202206 20.883 296.311 23.272
202209 33.670 296.808 37.459
202212 31.756 296.797 35.331
202303 35.598 301.836 38.945
202306 37.793 305.109 40.903
202309 42.238 307.789 45.315
202312 36.890 306.746 39.712
202403 44.166 312.332 46.695
202406 41.517 314.175 43.636
202409 46.071 315.301 48.250
202412 43.623 315.605 45.642
202503 46.875 319.799 48.401
202506 41.447 322.561 42.430
202509 49.900 324.800 50.732
202512 33.946 324.054 34.591
202603 48.662 330.213 48.662

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 4.36 mean?
Attijariwafa Bank (CAS:ATW) has a Cyclically Adjusted PS Ratio of 4.36 as of Jul. 11, 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 Attijariwafa Bank and its competitors. This is 20% above median its historical median of 3.62. Over the past decade, Attijariwafa Bank's Cyclically Adjusted PS Ratio has ranged from 2.67 to 5.17. According to the industry distribution chart, Attijariwafa Bank ranks #930 out of 1300 companies in the Banks industry, placing it in the top 71.5%.
Is Attijariwafa Bank's Cyclically Adjusted PS Ratio too high?
Attijariwafa Bank's current Cyclically Adjusted PS Ratio of 4.36 is 20% above median its 10-year median of 3.62. Over the past 10 years, this metric has ranged from a low of 2.67 to a high of 5.17. The Banks industry median Cyclically Adjusted PS Ratio is 3.31. Attijariwafa Bank's value of 4.36 is 31.7% above this industry median. Based on the distribution chart, Attijariwafa Bank ranks #930 out of 1300 companies in the Banks industry, which is below the industry midpoint. Overall, Attijariwafa Bank has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Attijariwafa Bank's Cyclically Adjusted PS Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Attijariwafa Bank ranks #930 out of 1300 companies for Cyclically Adjusted PS Ratio. This places Attijariwafa Bank in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.31. Attijariwafa Bank's value of 4.36 is 31.7% above this benchmark. Historically, Attijariwafa Bank's own Cyclically Adjusted PS Ratio has ranged from 2.67 to 5.17 over the past decade. While the company's 10-year median is 3.62 vs. the industry median of 3.31, Attijariwafa Bank 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.31, based on 1,300 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. Attijariwafa Bank's current Cyclically Adjusted PS Ratio of 4.36 is 31.7% 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 Attijariwafa Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Attijariwafa Bank's current Cyclically Adjusted PS Ratio is 4.36, which is 20% above median its own 10-year median of 3.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Attijariwafa Bank stock overvalued right now?
Based on GuruFocus' analysis, Attijariwafa Bank (CAS:ATW) is currently considered Fairly Valued. The stock's GF Value™ is MAD643.77, compared to a current price of MAD687.00 — trading 6.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.36, which is 20% above median its 10-year median of 3.62 and 31.7% above the Banks industry median of 3.31. Attijariwafa Bank's overall GF Score™ is 71/100 with 4 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 Attijariwafa Bank (CAS:ATW), the current Cyclically Adjusted PS Ratio is 4.36 as of Jul. 11, 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 Attijariwafa Bank (CAS:ATW) Overvalued in 2026?

Based on GuruFocus' analysis, Attijariwafa Bank stock appears to be overvalued. The current stock price of MAD687.00 is trading 6.7% above its estimated GF Value™ of MAD643.77. GuruFocus considers Attijariwafa Bank to be Fairly Valued.

Key valuation signals for CAS:ATW:

  • Cyclically Adjusted PS Ratio: 4.36 (20% above median its 10-year median of 3.62)
  • GF Value™: MAD643.77 vs. price of MAD687.00 (6.7% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 31.7% above the Banks median (#930 of 1300)

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


Attijariwafa Bank Business Description

Address 2, Boulevard Moulay Youssef, PO Box No. 20000, Casablanca, MAR
Attijariwafa Bank SA is a Morrocan based financial and banking group. It is engaged in the provision of banking and insurance products and services. The company's banking activities include personal and professional banking, corporate banking, investment banking and international banking.
71GF Score

Get the complete analysis for CAS:ATW

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

MAD687.00
Price
MAD643.77
GF Value