Bancontander (FRA:BSD2) Cyclically Adjusted PS Ratio: (As of Sep. 12, 2026)

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Director of Data and Quant Analytics at GuruFocus
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FRA:BSD2 Banco Santander SA FRA:BSD2
56 GF Score
Price €12.78
GF Value €5.83
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Bancontander Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bancontander  (FRA:BSD2) 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.


Bancontander Cyclically Adjusted PS Ratio Related Terms


Bancontander Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bancontander'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.

Bancontander Cyclically Adjusted PS Ratio Chart

Bancontander 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 0.85 0.81 1.09 1.27 2.81

Bancontander 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 1.97 2.51 2.81 2.61 3.28

FRA:BSD2 vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, Bancontander'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.


Bancontander Cyclically Adjusted PS Ratio vs Banks Industry

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

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


FRA:BSD2
56GF Score
Banco Santander SA FRA:BSD2
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bancontander 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.

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

For example, Bancontander'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)
=1.076/131.3300*131.3300
=1.076

Current CPI (Jun. 2026) = 131.3300.

Bancontander Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.713 99.737 0.939
201612 0.740 101.842 0.954
201703 0.792 100.896 1.031
201706 0.801 101.848 1.033
201709 0.734 101.524 0.949
201712 0.741 102.975 0.945
201803 0.732 102.122 0.941
201806 0.737 104.165 0.929
201809 0.631 103.818 0.798
201812 0.767 104.193 0.967
201903 0.743 103.488 0.943
201906 0.759 104.612 0.953
201909 0.507 103.905 0.641
201912 0.756 105.015 0.945
202003 0.671 103.469 0.852
202006 0.658 104.254 0.829
202009 0.776 103.521 0.984
202012 0.592 104.456 0.744
202103 0.586 104.857 0.734
202106 0.722 107.102 0.885
202109 0.615 107.669 0.750
202112 0.978 111.298 1.154
202203 0.695 115.153 0.793
202206 0.699 118.044 0.778
202209 0.751 117.221 0.841
202212 0.757 117.650 0.845
202303 0.849 118.948 0.937
202306 0.834 120.278 0.911
202309 0.861 121.343 0.932
202312 0.835 121.300 0.904
202403 0.942 122.762 1.008
202406 0.966 124.409 1.020
202409 0.919 123.121 0.980
202412 0.969 124.753 1.020
202503 0.926 125.531 0.969
202506 0.919 127.251 0.948
202509 0.890 126.840 0.922
202512 0.955 128.400 0.977
202603 1.019 129.860 1.031
202606 1.076 131.330 1.076

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 Bancontander (FRA:BSD2) Overvalued in 2026?

Based on GuruFocus' analysis, Bancontander stock appears to be overvalued. The current stock price of €12.78 is trading 119.3% above its estimated GF Value™ of €5.83. GuruFocus considers Bancontander to be Significantly Overvalued.

Key valuation signals for FRA:BSD2:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €5.83 vs. price of €12.78 (119.3% above fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the FRA:BSD2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bancontander Business Description

Address Avenida de Cantabria s/n, Boadilla del Monte, Ciudad Grupo Santander, Madrid, ESP, 28660
Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's UK presence is the result of its acquisition of Abbey building society. In the US, Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.
56GF Score

Get the complete analysis for FRA:BSD2

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

€12.78
Price
€5.83
GF Value