Intesanpaolo (FRA:IES) Cyclically Adjusted PS Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:IES Intesa Sanpaolo FRA:IES
66 GF Score
Price €6.83
GF Value €4.43
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Intesanpaolo Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Intesanpaolo  (FRA:IES) 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.


Intesanpaolo Cyclically Adjusted PS Ratio Related Terms


Intesanpaolo Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Intesanpaolo'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.

Intesanpaolo Cyclically Adjusted PS Ratio Chart

Intesanpaolo 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 1.83 1.53 1.92 2.77 4.13

Intesanpaolo 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 3.45 3.90 4.13 3.52 0.00

FRA:IES vs PNC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Intesanpaolo'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.


Intesanpaolo Cyclically Adjusted PS Ratio vs Banks Industry

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

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


FRA:IES
66GF Score
Intesa Sanpaolo FRA:IES
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Intesanpaolo 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.

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

For example, Intesanpaolo'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)
=0.433/126.4000*126.4000
=0.433

Current CPI (Jun. 2026) = 126.4000.

Intesanpaolo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.223 100.100 0.282
201612 0.303 100.300 0.382
201703 0.217 101.000 0.272
201706 0.658 101.100 0.823
201709 0.149 101.200 0.186
201712 0.462 101.200 0.577
201803 0.278 101.800 0.345
201806 0.346 102.400 0.427
201809 0.244 102.600 0.301
201812 0.242 102.300 0.299
201903 0.259 102.800 0.318
201906 0.277 103.100 0.340
201909 0.269 102.900 0.330
201912 0.268 102.800 0.330
202003 0.300 102.900 0.369
202006 0.232 102.900 0.285
202009 0.454 102.300 0.561
202012 0.274 102.600 0.338
202103 0.318 103.700 0.388
202106 0.279 104.200 0.338
202109 0.269 104.900 0.324
202112 0.258 106.600 0.306
202203 0.261 110.400 0.299
202206 0.296 112.500 0.333
202209 0.263 114.200 0.291
202212 0.299 119.000 0.318
202303 0.321 118.800 0.342
202306 0.370 119.700 0.391
202309 0.347 120.300 0.365
202312 0.349 119.700 0.369
202403 0.391 120.200 0.411
202406 0.366 120.700 0.383
202409 0.401 121.200 0.418
202412 0.380 121.200 0.396
202503 0.400 122.500 0.413
202506 0.398 122.700 0.410
202509 0.396 123.100 0.407
202512 0.429 122.600 0.442
202603 0.424 124.560 0.430
202606 0.433 126.400 0.433

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 Intesanpaolo (FRA:IES) Overvalued in 2026?

Based on GuruFocus' analysis, Intesanpaolo stock appears to be overvalued. The current stock price of €6.83 is trading 54.1% above its estimated GF Value™ of €4.43. GuruFocus considers Intesanpaolo to be Significantly Overvalued.

Key valuation signals for FRA:IES:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €4.43 vs. price of €6.83 (54.1% above fair value)
  • GF Score™: 66/100 with 5 warning signs

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


Intesanpaolo Business Description

Address Piazza San Carlo, 156, Torino, ITA, 10121
Intesa Sanpaolo is an Italian banking group resulting from the merger of Banca Intesa and Sanpaolo IMI in 2007. The Italian segment still accounts for by far the most of its earnings. Still, Intesa also has a growing international presence, focusing on some smaller countries in Central and Eastern Europe. Intesa has an enviable market position in the Italian savings market that it services through its private banking, asset management, and life insurance operations, which accounts for around 25% of its revenue. While Intesa does have a sizable corporate banking business, it has limited exposure to securities trading and underwriting.
66GF Score

Get the complete analysis for FRA:IES

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

€6.83
Price
€4.43
GF Value