Erste Group Bank AG. (CHIX:EBSV) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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CHIX:EBSV Erste Group Bank AG. CHIX:EBSV
74 GF Score
Price €118.45
GF Value €81.82
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Erste Group Bank AG. Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Erste Group Bank AG.  (CHIX:EBSv) 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.


Erste Group Bank AG. Cyclically Adjusted PS Ratio Related Terms


Erste Group Bank AG. Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Erste Group Bank AG.'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.

Erste Group Bank AG. Cyclically Adjusted PS Ratio Chart

Erste Group Bank AG. 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 2.10 1.42 1.64 2.54 4.15

Erste Group Bank AG. 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 2.90 3.33 4.02 3.50 4.31

CHIX:EBSV vs USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Erste Group Bank AG.'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.


Erste Group Bank AG. Cyclically Adjusted PS Ratio vs Banks Industry

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

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


CHIX:EBSV
74GF Score
Erste Group Bank AG. CHIX:EBSV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Erste Group Bank AG. 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.

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

For example, Erste Group Bank AG.'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)
=10.346/142.7100*142.7100
=10.346

Current CPI (Jun. 2026) = 142.7100.

Erste Group Bank AG. Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.317 101.192 6.088
201612 4.239 102.092 5.926
201703 4.117 102.592 5.727
201706 4.423 102.991 6.129
201709 4.377 103.591 6.030
201712 4.705 104.291 6.438
201803 4.118 104.491 5.624
201806 4.378 105.091 5.945
201809 3.979 105.691 5.373
201812 5.364 106.291 7.202
201903 4.349 106.391 5.834
201906 4.669 106.791 6.239
201909 4.651 106.991 6.204
201912 4.570 108.091 6.034
202003 4.077 108.024 5.386
202006 4.619 107.915 6.108
202009 4.655 108.348 6.131
202012 4.891 109.321 6.385
202103 4.476 110.186 5.797
202106 5.019 110.943 6.456
202109 4.985 111.916 6.357
202112 5.175 113.971 6.480
202203 5.020 117.647 6.089
202206 5.517 120.567 6.530
202209 4.266 123.811 4.917
202212 6.031 125.541 6.856
202303 6.042 128.460 6.712
202306 6.440 130.191 7.059
202309 6.553 131.272 7.124
202312 6.890 132.570 7.417
202403 6.818 133.759 7.274
202406 6.714 134.083 7.146
202409 7.018 133.651 7.494
202412 7.506 135.273 7.919
202503 7.130 137.760 7.386
202506 7.500 138.517 7.727
202509 7.655 138.950 7.862
202512 7.881 140.350 8.014
202603 10.331 142.160 10.371
202606 10.346 142.710 10.346

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 Erste Group Bank AG. (CHIX:EBSV) Overvalued in 2026?

Based on GuruFocus' analysis, Erste Group Bank AG. stock appears to be overvalued. The current stock price of €118.45 is trading 44.8% above its estimated GF Value™ of €81.82. GuruFocus considers Erste Group Bank AG. to be Significantly Overvalued.

Key valuation signals for CHIX:EBSV:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €81.82 vs. price of €118.45 (44.8% above fair value)
  • GF Score™: 74/100 with 6 warning signs

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


Erste Group Bank AG. Business Description

Address Am Belvedere 1, Vienna, AUT, A-1100
Erste Group Bank AG. is an Austria-based financial services provider catering to the needs of individuals, corporates, small businesses, and other enterprises. It offers a complete range of banking and other financial services, such as savings accounts, asset management (including investment funds), consumer credit and mortgage lending, investment banking, securities and derivatives trading, project finance, foreign exchange trading, leasing, factoring, etc. The Group's operating segments are defined according to the core markets in which it operates and include Austria, Central and Eastern Europe, and Other. Maximum revenue is generated from the Central and Eastern Europe segment, which represents its operations in the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.
74GF Score

Get the complete analysis for CHIX:EBSV

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

€118.45
Price
€81.82
GF Value