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Banco Comercial Portugues (CHIX:BCPU) Cyclically Adjusted PS Ratio : 1.38 (As of Dec. 12, 2024)


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What is Banco Comercial Portugues Cyclically Adjusted PS Ratio?

As of today (2024-12-12), Banco Comercial Portugues's current share price is €0.44. Banco Comercial Portugues's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was €0.32. Banco Comercial Portugues's Cyclically Adjusted PS Ratio for today is 1.38.

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

CHIX:BCPu' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.24   Max: 1.45
Current: 1.36

During the past years, Banco Comercial Portugues's highest Cyclically Adjusted PS Ratio was 1.45. The lowest was 0.10. And the median was 0.24.

CHIX:BCPu's Cyclically Adjusted PS Ratio is ranked better than
81.97% of 1187 companies
in the Banks industry
Industry Median: 2.75 vs CHIX:BCPu: 1.36

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.

Banco Comercial Portugues's adjusted revenue per share data for the three months ended in Sep. 2024 was €0.059. 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 €0.32 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Comercial Portugues Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Banco Comercial Portugues Cyclically Adjusted PS Ratio Chart

Banco Comercial Portugues Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.20 0.29 0.36 0.76

Banco Comercial Portugues Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.68 0.76 0.90 1.00 1.25

Competitive Comparison of Banco Comercial Portugues's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.44/0.32
=1.38

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Banco Comercial Portugues's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.059/121.5743*121.5743
=0.059

Current CPI (Sep. 2024) = 121.5743.

Banco Comercial Portugues Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.134 99.723 0.163
201503 0.155 100.097 0.188
201506 0.160 100.769 0.193
201509 0.106 100.489 0.128
201512 0.114 100.119 0.138
201603 0.405 100.547 0.490
201606 0.103 101.319 0.124
201609 0.108 101.122 0.130
201612 0.081 100.998 0.098
201703 0.055 101.924 0.066
201706 0.037 102.240 0.044
201709 0.034 102.527 0.040
201712 0.038 102.479 0.045
201803 0.037 102.626 0.044
201806 0.037 103.790 0.043
201809 0.036 103.960 0.042
201812 0.037 103.159 0.044
201903 0.039 103.495 0.046
201906 0.039 104.192 0.046
201909 0.041 103.844 0.048
201912 0.041 103.592 0.048
202003 0.042 103.544 0.049
202006 0.033 104.323 0.038
202009 0.041 103.699 0.048
202012 0.041 103.354 0.048
202103 0.040 104.014 0.047
202106 0.040 104.852 0.046
202109 0.038 105.232 0.044
202112 0.044 106.191 0.050
202203 0.048 109.559 0.053
202206 0.048 114.003 0.051
202209 0.051 114.999 0.054
202212 0.054 116.377 0.056
202303 0.067 117.701 0.069
202306 0.059 117.872 0.061
202309 0.061 119.111 0.062
202312 0.070 118.032 0.072
202403 0.061 120.396 0.062
202406 0.059 121.165 0.059
202409 0.059 121.574 0.059

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.


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

Thank you for viewing the detailed overview of Banco Comercial Portugues's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Banco Comercial Portugues Business Description

Address
Praca D. Joao I, 28, Porto, PRT, 4000-295
Banco Comercial Portugues SA or Millennium BCP, is a Portuguese bank operating in Portugal, as well as Poland, Mozambique, and Angola. The bank offers a wide range of retail and corporate banking products and services. The bank's distribution network includes traditional branches, as well as online banking, call centers, mobile banking, ATMs, and point of sale systems. In addition to its emphasis on financial technology, BCP's business model has shifted focus to high-net worth individuals, business lending with growth potential, as well as divestiture of noncore assets in its portfolio. The bank's net revenue is mostly net interest income, with notable net commission and net trading income. Most of BCP's earning assets are loans split nearly evenly between retail and corporate.

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