Banco Comercial Portugues (CHIX:BCPU) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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CHIX:BCPU Banco Comercial Portugues SA CHIX:BCPU
45 GF Score
Price €1.02
GF Value €0.60
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Banco Comercial Portugues Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Comercial Portugues  (CHIX:BCPu) 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 Comercial Portugues Cyclically Adjusted PS Ratio Related Terms


Banco Comercial Portugues Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Banco Comercial Portugues'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 Comercial Portugues Cyclically Adjusted PS Ratio Chart

Banco Comercial Portugues 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 0.29 0.37 0.79 1.54 3.56

Banco Comercial Portugues 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 2.32 2.73 3.39 3.21 4.11

CHIX:BCPU vs USB, PNC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Banco Comercial Portugues'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 Comercial Portugues Cyclically Adjusted PS Ratio vs Banks Industry

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

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


CHIX:BCPU
45GF Score
Banco Comercial Portugues SA CHIX:BCPU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco Comercial Portugues 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.

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

For example, Banco Comercial Portugues'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)
=0.073/128.0300*128.0300
=0.073

Current CPI (Jun. 2026) = 128.0300.

Banco Comercial Portugues Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.121 101.122 0.153
201612 0.109 100.998 0.138
201703 0.061 101.924 0.077
201706 0.041 102.240 0.051
201709 0.039 102.527 0.049
201712 0.045 102.479 0.056
201803 0.040 102.626 0.050
201806 0.037 103.790 0.046
201809 0.040 103.960 0.049
201812 0.040 103.159 0.050
201903 0.048 103.495 0.059
201906 0.045 104.192 0.055
201909 0.045 103.844 0.055
201912 0.044 103.592 0.054
202003 0.046 103.544 0.057
202006 0.034 104.323 0.042
202009 0.045 103.699 0.056
202012 0.043 103.354 0.053
202103 0.039 104.014 0.048
202106 0.041 104.852 0.050
202109 0.042 105.232 0.051
202112 0.046 106.191 0.055
202203 0.047 109.559 0.055
202206 0.048 114.003 0.054
202209 0.051 114.999 0.057
202212 0.052 116.377 0.057
202303 0.066 117.701 0.072
202306 0.060 117.872 0.065
202309 0.062 119.111 0.067
202312 0.062 118.032 0.067
202403 0.059 120.396 0.063
202406 0.060 121.165 0.063
202409 0.063 121.574 0.066
202412 0.060 121.585 0.063
202503 0.063 122.624 0.066
202506 0.070 124.042 0.072
202509 0.064 124.490 0.066
202512 0.066 124.240 0.068
202603 0.068 125.940 0.069
202606 0.073 128.030 0.073

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 Banco Comercial Portugues (CHIX:BCPU) Overvalued in 2026?

Based on GuruFocus' analysis, Banco Comercial Portugues stock appears to be overvalued. The current stock price of €1.02 is trading 70.2% above its estimated GF Value™ of €0.60. GuruFocus considers Banco Comercial Portugues to be Significantly Overvalued.

Key valuation signals for CHIX:BCPU:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.60 vs. price of €1.02 (70.2% above fair value)
  • GF Score™: 45/100 with 7 warning signs

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


Banco Comercial Portugues Business Description

Address Praca D. Joao I, 28, Porto, PRT, 4000-295
Banco Comercial Portugues SA is a Portuguese private sector bank operating in Portugal, as well as Poland, Mozambique, Macau, and Angola. The bank offers a wide range of retail and corporate banking products and services. Its distribution network includes traditional branches, as well as online banking, call centers, mobile banking, ATMs, and point of sale systems. Along with its subsidiaries, it operates in the following segments: Retail Banking, Companies and Corporate, Private Banking, International Businesses, and Other. Maximum revenue is generated from the Retail Banking segment, which serves individuals, small businesses, and SMEs through a mix of mass-market services, personalized relationship management for higher-value customers, and includes the operations of ActivoBank.
45GF Score

Get the complete analysis for CHIX:BCPU

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

€1.02
Price
€0.60
GF Value