FGBI (First Guaranty Bancshares) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FGBI First Guaranty Bancshares Inc FGBI
57 GF Score
Price $8.61
GF Value $6.78
Valuation Modestly Overvalued
! 3 Warning Signs
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What is First Guaranty Bancshares Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


First Guaranty Bancshares  (NAS:FGBI) 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.


First Guaranty Bancshares Cyclically Adjusted PS Ratio Related Terms


First Guaranty Bancshares Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for First Guaranty Bancshares'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.

First Guaranty Bancshares Cyclically Adjusted PS Ratio Chart

First Guaranty Bancshares 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 2.80 2.92 1.31 1.28 0.60

First Guaranty Bancshares 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 0.91 0.89 0.60 0.90 1.11

FGBI vs PONT, FMBM, CMRB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, First Guaranty Bancshares'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.


First Guaranty Bancshares Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where First Guaranty Bancshares's Cyclically Adjusted PS Ratio falls into.


FGBI
57GF Score
First Guaranty Bancshares Inc FGBI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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First Guaranty Bancshares 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.

First Guaranty Bancshares's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, First Guaranty Bancshares'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)
=1.448/333.9520*333.9520
=1.448

Current CPI (Jun. 2026) = 333.9520.

First Guaranty Bancshares Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.450 241.428 2.006
201612 1.345 241.432 1.860
201703 1.447 243.801 1.982
201706 1.448 244.955 1.974
201709 1.488 246.819 2.013
201712 1.520 246.524 2.059
201803 1.439 249.554 1.926
201806 1.506 251.989 1.996
201809 1.472 252.439 1.947
201812 1.429 251.233 1.900
201903 1.491 254.202 1.959
201906 1.628 256.143 2.123
201909 1.679 256.759 2.184
201912 1.762 256.974 2.290
202003 1.899 258.115 2.457
202006 2.069 257.797 2.680
202009 2.108 260.280 2.705
202012 3.112 260.474 3.990
202103 2.046 264.877 2.580
202106 2.337 271.696 2.872
202109 2.417 274.310 2.943
202112 2.567 278.802 3.075
202203 2.506 287.504 2.911
202206 2.675 296.311 3.015
202209 2.742 296.808 3.085
202212 2.408 296.797 2.709
202303 2.331 301.836 2.579
202306 2.166 305.109 2.371
202309 1.995 307.789 2.165
202312 2.046 306.746 2.227
202403 1.924 312.332 2.057
202406 1.870 314.175 1.988
202409 2.153 315.301 2.280
202412 1.977 315.605 2.092
202503 1.961 319.799 2.048
202506 1.888 322.561 1.955
202509 1.593 324.800 1.638
202512 1.402 324.054 1.445
202603 1.426 330.213 1.442
202606 1.448 333.952 1.448

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 First Guaranty Bancshares (FGBI) Overvalued in 2026?

Based on GuruFocus' analysis, First Guaranty Bancshares stock appears to be overvalued. The current stock price of $8.61 is trading 27% above its estimated GF Value™ of $6.78. GuruFocus considers First Guaranty Bancshares to be Modestly Overvalued.

Key valuation signals for FGBI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $6.78 vs. price of $8.61 (27% above fair value)
  • GF Score™: 57/100 with 3 warning signs

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


First Guaranty Bancshares Business Description

Other Exchanges FGBIP.PFD:USA
Address 400 East Thomas Street, Hammond, LA, USA, 70401
First Guaranty Bancshares Inc provides personalized commercial banking services to its customers in Louisiana through several banking facilities. The company offers commercial real estate loans, commercial and industrial loans, construction and land development loans, agricultural and farmland loans, and, to a lesser extent, consumer and multifamily loans. The company is engaged in a single line of business as a financial institution, which provides a full range of banking, financial, and trust services to state, county, and local government entities, individuals, and small and commercial businesses.
57GF Score

Get the complete analysis for FGBI

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

$8.61
Price
$6.78
GF Value