BP (FRA:BPE) Cyclically Adjusted PS Ratio: 0.58 (As of Jul. 22, 2026) — 35% Above Median

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FRA:BPE BP PLC FRA:BPE
67 GF Score
Price €4.03
GF Value €3.55
! 5 Warning Signs
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What is BP Cyclically Adjusted PS Ratio?

BP FRA:BPE 67 Cyclically Adjusted PS Ratio is 0.58 as of Jul. 22, 2026, which is 35% above its 10-year median of 0.43. GuruFocus rates FRA:BPE with a GF Score™ of 67/100 and a GF Value™ of €3.55. The stock has 5 warning signs investors should review. Among 707 Oil & Gas companies, BP ranks better than 69.02% on this metric.

As of today (2026-07-22), BP's current share price is €4.03. BP's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €7.00. BP's Cyclically Adjusted PS Ratio for today is 0.58.

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

FRA:BPE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.43   Max: 0.56
Current: 0.5

During the past years, BP's highest Cyclically Adjusted PS Ratio was 0.56. The lowest was 0.18. And the median was 0.43.

FRA:BPE's Cyclically Adjusted PS Ratio is ranked better than
69.02% of 707 companies
in the Oil & Gas industry
Industry Median: 1.03 vs FRA:BPE: 0.50

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.

BP's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.886. 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 €7.00 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BP  (FRA:BPE) 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.


BP Cyclically Adjusted PS Ratio Related Terms


BP Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BP'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.

BP Cyclically Adjusted PS Ratio Chart

BP 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 0.32 0.44 0.45 0.38 0.42

BP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.42 0.35 0.41 0.42 0.58

FRA:BPE vs XOM, CVX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Integrated subindustry, BP'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.


BP Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, BP's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:BPE
67GF Score
BP PLC FRA:BPE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BP 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.

BP's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.03/7.00
=0.58

* 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.

BP's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, BP's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.886/140.8000*140.8000
=2.886

Current CPI (Mar. 2026) = 140.8000.

BP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.212 101.000 3.084
201609 2.215 101.500 3.073
201612 2.531 102.200 3.487
201703 2.662 102.700 3.650
201706 2.542 103.500 3.458
201709 2.535 104.300 3.422
201712 2.875 105.000 3.855
201803 2.760 105.100 3.698
201806 3.222 105.900 4.284
201809 3.385 106.600 4.471
201812 3.304 107.100 4.344
201903 2.894 107.000 3.808
201906 3.150 107.900 4.110
201909 3.044 108.400 3.954
201912 3.145 108.500 4.081
202003 1.389 108.600 1.801
202006 0.934 108.800 1.209
202009 1.103 109.200 1.422
202012 1.113 109.400 1.432
202103 1.430 109.700 1.835
202106 1.486 111.400 1.878
202109 1.526 112.400 1.912
202112 2.241 114.700 2.751
202203 2.292 116.500 2.770
202206 3.272 120.500 3.823
202209 2.942 122.300 3.387
202212 3.598 125.300 4.043
202303 2.877 126.800 3.195
202306 2.503 129.400 2.724
202309 2.834 130.100 3.067
202312 2.769 130.500 2.988
202403 2.622 131.600 2.805
202406 2.649 133.000 2.804
202409 2.548 133.500 2.687
202412 2.751 135.100 2.867
202503 2.695 136.100 2.788
202506 2.550 138.400 2.594
202509 2.622 138.900 2.658
202512 2.626 139.900 2.643
202603 2.886 140.800 2.886

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.

What does a Cyclically Adjusted PS Ratio of 0.58 mean?
BP (FRA:BPE) has a Cyclically Adjusted PS Ratio of 0.58 as of Jul. 22, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on BP and its competitors. This is 35% above median its historical median of 0.43. Over the past decade, BP's Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.56. According to the industry distribution chart, BP ranks #219 out of 707 companies in the Oil & Gas industry, placing it in the top 31%.
Is BP's Cyclically Adjusted PS Ratio too high?
BP's current Cyclically Adjusted PS Ratio of 0.58 is 35% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.56. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.03. BP's value of 0.58 is 43.7% below this industry median. Based on the distribution chart, BP ranks #219 out of 707 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, BP has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does BP's Cyclically Adjusted PS Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, BP ranks #219 out of 707 companies for Cyclically Adjusted PS Ratio. This puts BP in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. BP's value of 0.58 is 43.7% below this benchmark. Historically, BP's own Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.56 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 1.03, BP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.03, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BP's current Cyclically Adjusted PS Ratio of 0.58 is 43.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on BP and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BP's current Cyclically Adjusted PS Ratio is 0.58, which is 35% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BP stock overvalued right now?
BP (FRA:BPE) has a current Cyclically Adjusted PS Ratio of 0.58. The stock's GF Value™ is €3.55, compared to a current price of €4.03 — trading 13.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.58, which is 35% above median its 10-year median of 0.43 and 43.7% below the Oil & Gas industry median of 1.03. BP's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For BP (FRA:BPE), the current Cyclically Adjusted PS Ratio is 0.58 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BP (FRA:BPE) Overvalued in 2026?

Based on GuruFocus' analysis, BP stock appears to be overvalued. The current stock price of €4.03 is trading 13.5% above its estimated GF Value™ of €3.55.

Key valuation signals for FRA:BPE:

  • Cyclically Adjusted PS Ratio: 0.58 (35% above median its 10-year median of 0.43)
  • GF Value™: €3.55 vs. price of €4.03 (13.5% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 43.7% below the Oil & Gas median (#219 of 707)

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


BP Business Description

Industry EnergyOil & Gas
Address 1 St James\'s Square, London, GBR, SW1Y 4PD
BP is an integrated energy company that explores for, produces, and refines oil and gas around the world. In 2025, it produced 1.2 million barrels of liquids and 6.5 billion cubic feet of natural gas per day. At the end of 2025, proved hydrocarbon reserves stood at 6.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a total crude distillation capacity of 1.56 million barrels of oil per day.
67GF Score

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

€4.03
Price
€3.55
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