Banca Sistema SpA (FRA:B2S) Cyclically Adjusted PS Ratio: (As of Aug. 18, 2026)

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FRA:B2S Banca Sistema SpA FRA:B2S
63 GF Score
Price €1.61
GF Value €1.78
! 2 Warning Signs
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What is Banca Sistema SpA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banca Sistema SpA  (FRA:B2S) 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.


Banca Sistema SpA Cyclically Adjusted PS Ratio Related Terms


Banca Sistema SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Banca Sistema SpA'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.

Banca Sistema SpA Cyclically Adjusted PS Ratio Chart

Banca Sistema SpA 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 0.00 0.00 0.00 0.91 1.11

Banca Sistema SpA 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 1.21 1.07 1.11 1.12 0.00

FRA:B2S vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Banca Sistema SpA'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.


Banca Sistema SpA Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Banca Sistema SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Banca Sistema SpA's Cyclically Adjusted PS Ratio falls into.


FRA:B2S
63GF Score
Banca Sistema SpA FRA:B2S
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Banca Sistema SpA 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.

Banca Sistema SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Banca Sistema SpA'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)
=0.365/126.4000*126.4000
=0.365

Current CPI (Jun. 2026) = 126.4000.

Banca Sistema SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.231 100.100 0.292
201612 0.293 100.300 0.369
201703 0.185 101.000 0.232
201706 0.252 101.100 0.315
201709 0.338 101.200 0.422
201712 0.256 101.200 0.320
201803 0.225 101.800 0.279
201806 0.283 102.400 0.349
201809 0.296 102.600 0.365
201812 0.334 102.300 0.413
201903 0.241 102.800 0.296
201906 0.313 103.100 0.384
201909 0.335 102.900 0.412
201912 0.382 102.800 0.470
202003 0.273 102.900 0.335
202006 0.300 102.900 0.369
202009 0.330 102.300 0.408
202012 0.392 102.600 0.483
202103 0.330 103.700 0.402
202106 0.315 104.200 0.382
202109 0.297 104.900 0.358
202112 0.442 106.600 0.524
202203 0.315 110.400 0.361
202206 0.383 112.500 0.430
202209 0.329 114.200 0.364
202212 0.337 119.000 0.358
202303 0.322 118.800 0.343
202306 0.314 119.700 0.332
202309 0.280 120.300 0.294
202312 0.418 119.700 0.441
202403 0.311 120.200 0.327
202406 0.387 120.700 0.405
202409 0.300 121.200 0.313
202412 0.553 121.200 0.577
202503 0.400 122.500 0.413
202506 0.253 122.700 0.261
202509 0.583 123.100 0.599
202512 0.930 122.600 0.959
202603 0.263 124.560 0.267
202606 0.365 126.400 0.365

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 Banca Sistema SpA (FRA:B2S) Overvalued in 2026?

Based on GuruFocus' analysis, Banca Sistema SpA stock appears to be undervalued. The current stock price of €1.61 is trading 9.6% below its estimated GF Value™ of €1.78.

Key valuation signals for FRA:B2S:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €1.78 vs. price of €1.61 (9.6% below fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the FRA:B2S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Banca Sistema SpA Business Description

Other Exchanges BST:Italy0R9H:UK
Address Largo Augusto 1/A, At the corner of Via Verziere 13, Milan, ITA, 20122
Banca Sistema SpA provides factoring and banking services. It specializes in the acquisition, management, and financing of receivables. The firm's products and services comprise current accounts, time deposits, funding for SMEs, non-recourse factoring, credit management, and payment services. Segment reporting of the company includes the following divisions: Factoring Division includes business related to the origination of trade and tax receivables with and without recourse, and the management. Retail Division, which includes the business related to the purchase of salary- and pension-backed loans. Collateralized Lending Division includes the business related to collateral-backed loans. Corporate Division includes activities related to the management of the Group's financial resources.
63GF Score

Get the complete analysis for FRA:B2S

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

€1.61
Price
€1.78
GF Value