BP (FRA:BSU) Cyclically Adjusted PS Ratio: 0.53 (As of Jul. 31, 2026) — 23% Above Median

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FRA:BSU BP PLC FRA:BSU
69 GF Score
Price €37.70
GF Value €32.28
Valuation Modestly Overvalued
! 8 Warning Signs
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What is BP Cyclically Adjusted PS Ratio?

BP FRA:BSU +1.07% 69 Cyclically Adjusted PS Ratio is 0.53 as of Jul. 31, 2026, which is 23% above its 10-year median of 0.43. GuruFocus rates FRA:BSU with a GF Score™ of 69/100 and a GF Value™ of €32.28 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 707 Oil & Gas companies, BP ranks better than 67.89% on this metric.

As of today (2026-07-31), BP's current share price is €37.70. BP's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €71.55. BP's Cyclically Adjusted PS Ratio for today is 0.53.

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

FRA:BSU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.43   Max: 0.56
Current: 0.52

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:BSU's Cyclically Adjusted PS Ratio is ranked better than
67.89% of 707 companies
in the Oil & Gas industry
Industry Median: 1.05 vs FRA:BSU: 0.52

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 €17.316. 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 €71.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BP  (FRA:BSU) 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:BSU 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:BSU
69GF Score
BP PLC FRA:BSU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=37.70/71.55
=0.53

* 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)
=17.316/140.8000*140.8000
=17.316

Current CPI (Mar. 2026) = 140.8000.

BP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 13.273 101.000 18.503
201609 13.293 101.500 18.440
201612 15.184 102.200 20.919
201703 15.972 102.700 21.897
201706 15.254 103.500 20.751
201709 15.208 104.300 20.530
201712 17.252 105.000 23.134
201803 16.561 105.100 22.186
201806 19.330 105.900 25.700
201809 20.311 106.600 26.827
201812 19.824 107.100 26.062
201903 17.364 107.000 22.849
201906 18.898 107.900 24.660
201909 18.263 108.400 23.722
201912 18.868 108.500 24.485
202003 8.335 108.600 10.806
202006 5.602 108.800 7.250
202009 6.619 109.200 8.534
202012 6.678 109.400 8.595
202103 8.577 109.700 11.009
202106 8.917 111.400 11.270
202109 9.156 112.400 11.469
202112 13.446 114.700 16.506
202203 13.752 116.500 16.620
202206 19.634 120.500 22.942
202209 17.652 122.300 20.322
202212 21.589 125.300 24.260
202303 17.263 126.800 19.169
202306 15.016 129.400 16.339
202309 17.007 130.100 18.406
202312 16.612 130.500 17.923
202403 15.730 131.600 16.830
202406 15.892 133.000 16.824
202409 15.288 133.500 16.124
202412 16.059 135.100 16.737
202503 16.172 136.100 16.730
202506 15.299 138.400 15.564
202509 15.731 138.900 15.946
202512 15.418 139.900 15.517
202603 17.316 140.800 17.316

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 0.53 mean?
BP (FRA:BSU) has a Cyclically Adjusted PS Ratio of 0.53 as of Jul. 31, 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 23% 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 #227 out of 707 companies in the Oil & Gas industry, placing it in the top 32.1%.
Is BP's Cyclically Adjusted PS Ratio too high?
BP's current Cyclically Adjusted PS Ratio of 0.53 is 23% 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 1.05. BP's value of 0.53 is 49.5% below this industry median. Based on the distribution chart, BP ranks #227 out of 707 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, BP has a GF Score™ of 69/100 and is considered Modestly Overvalued, 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 #227 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 1.05. BP's value of 0.53 is 49.5% 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 1.05, 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 1.05, 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 0.53 is 49.5% 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 1.05 — 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 0.53, which is 23% 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?
Based on GuruFocus' analysis, BP (FRA:BSU) is currently considered Modestly Overvalued. The stock's GF Value™ is €32.28, compared to a current price of €37.70 — trading 16.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.53, which is 23% above median its 10-year median of 0.43 and 49.5% below the Oil & Gas industry median of 1.05. BP's overall GF Score™ is 69/100 with 8 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:BSU), the current Cyclically Adjusted PS Ratio is 0.53 as of Jul. 31, 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:BSU) Overvalued in 2026?

Based on GuruFocus' analysis, BP stock appears to be overvalued. The current stock price of €37.70 is trading 16.8% above its estimated GF Value™ of €32.28. GuruFocus considers BP to be Modestly Overvalued.

Key valuation signals for FRA:BSU:

  • Cyclically Adjusted PS Ratio: 0.53 (23% above median its 10-year median of 0.43)
  • GF Value™: €32.28 vs. price of €37.70 (16.8% above fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 49.5% below the Oil & Gas median (#227 of 707)

No single metric tells the full story. See the FRA:BSU 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.
69GF Score

Get the complete analysis for FRA:BSU

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

€37.70
Price
€32.28
GF Value