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Avanza Bank Holding ABCHIX:AZAS 86 Cyclically Adjusted PS Ratio is 20.76 as of Jul. 22, 2026, which is 14% above its 10-year median of 18.20. GuruFocus rates CHIX:AZAS with a GF Score™ of 86/100 and a GF Value™ of kr368.53 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,299 Banks companies, Avanza Bank Holding AB ranks worse than 99.15% on this metric.
The historical rank and industry rank for Avanza Bank Holding AB's Cyclically Adjusted PS Ratio or its related term are showing as below:
CHIX:AZAs'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 12.09 Med: 18.2 Max: 44.4
Current: 19.89
During the past years, Avanza Bank Holding AB's highest Cyclically Adjusted PS Ratio was 44.40. The lowest was 12.09. And the median was 18.20.
CHIX:AZAs's Cyclically Adjusted PS Ratio is ranked worse than 99.15% of 1299
companies
in the Banks industry
Industry Median: 3.37
vs CHIX:AZAs: 19.89
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.
Avanza Bank Holding AB's adjusted revenue per share data for the three months ended in Jun. 2026 was kr8.545. 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 kr19.14 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Avanza Bank Holding AB (CHIX:AZAs) 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.
Avanza Bank Holding AB Cyclically Adjusted PS Ratio Related Terms
Avanza Bank Holding AB Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Avanza Bank Holding AB'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.
Avanza Bank Holding AB Cyclically Adjusted PS Ratio Chart
CHIX:AZAS vs PNC, USB: Cyclically Adjusted PS Ratio Comparison
For the Banks - Regional subindustry, Avanza Bank Holding AB'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.
Avanza Bank Holding AB Cyclically Adjusted PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Avanza Bank Holding AB's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Avanza Bank Holding AB's Cyclically Adjusted PS Ratio falls into.
Avanza Bank Holding AB 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 20.76 mean?
Avanza Bank Holding AB (CHIX:AZAS) has a Cyclically Adjusted PS Ratio of 20.76 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 Avanza Bank Holding AB and its competitors. This is 14% above median its historical median of 18.20. Over the past decade, Avanza Bank Holding AB's Cyclically Adjusted PS Ratio has ranged from 12.09 to 44.40. According to the industry distribution chart, Avanza Bank Holding AB ranks #1288 out of 1299 companies in the Banks industry, placing it in the top 99.2%.
Is Avanza Bank Holding AB's Cyclically Adjusted PS Ratio too high?
Avanza Bank Holding AB's current Cyclically Adjusted PS Ratio of 20.76 is 14% above median its 10-year median of 18.20. Over the past 10 years, this metric has ranged from a low of 12.09 to a high of 44.40. The Banks industry median Cyclically Adjusted PS Ratio is 3.37. Avanza Bank Holding AB's value of 20.76 is 516% above this industry median. Based on the distribution chart, Avanza Bank Holding AB ranks #1288 out of 1299 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Avanza Bank Holding AB has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Avanza Bank Holding AB's Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Avanza Bank Holding AB ranks #1288 out of 1299 companies for Cyclically Adjusted PS Ratio. This places Avanza Bank Holding AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.37. Avanza Bank Holding AB's value of 20.76 is 516% above this benchmark. Historically, Avanza Bank Holding AB's own Cyclically Adjusted PS Ratio has ranged from 12.09 to 44.40 over the past decade. While the company's 10-year median is 18.20 vs. the industry median of 3.37, Avanza Bank Holding AB 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 3.37, 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. Avanza Bank Holding AB's current Cyclically Adjusted PS Ratio of 20.76 is 516% 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 Avanza Bank Holding AB 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. Avanza Bank Holding AB's current Cyclically Adjusted PS Ratio is 20.76, which is 14% above median its own 10-year median of 18.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avanza Bank Holding AB stock overvalued right now?
Based on GuruFocus' analysis, Avanza Bank Holding AB (CHIX:AZAS) is currently considered Fairly Valued. The stock's GF Value™ is kr368.53, compared to a current price of kr397.30 — trading 7.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 20.76, which is 14% above median its 10-year median of 18.20 and 516% above the Banks industry median of 3.37. Avanza Bank Holding AB's overall GF Score™ is 86/100 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 Avanza Bank Holding AB (CHIX:AZAS), the current Cyclically Adjusted PS Ratio is 20.76 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 Avanza Bank Holding AB (CHIX:AZAS) Overvalued in 2026?
Based on GuruFocus' analysis, Avanza Bank Holding AB stock appears to be overvalued.
The current stock price of kr397.30 is trading 7.8% above its estimated GF Value™ of kr368.53.
GuruFocus considers Avanza Bank Holding AB to be Fairly Valued.
Key valuation signals for CHIX:AZAS:
Cyclically Adjusted PS Ratio: 20.76 (14% above median its 10-year median of 18.20)
GF Value™: kr368.53 vs. price of kr397.30 (7.8% above fair value)
Industry Position: 516% above the Banks median (#1288 of 1299)
No single metric tells the full story. See the CHIX:AZAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avanza Bank Holding AB operates a platform for savings and investments. It offers a range of savings products, competitive occupational pension solutions, margin lending and mortgages. Customers are offered to save in Swedish and foreign securities and in savings accounts at very low fees and at competitive rates. The company serves individual investors, professional traders and corporate customers, such as entrepreneurs, asset managers and firms that want occupational pensions for their employees.
86GF Score
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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