Popular (FRA:PP4A) Cyclically Adjusted PS Ratio: 4.95 (As of Aug. 05, 2026) — 90% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:PP4A Popular Inc FRA:PP4A
83 GF Score
Price €149.00
GF Value €103.43
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Popular Cyclically Adjusted PS Ratio?

Popular FRA:PP4A -0.67% 83 Cyclically Adjusted PS Ratio is 4.95 as of Aug. 05, 2026, which is 90% above its 10-year median of 2.60. GuruFocus rates FRA:PP4A with a GF Score™ of 83/100 and a GF Value™ of €103.43 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,299 Banks companies, Popular ranks worse than 75.83% on this metric.

As of today (2026-08-05), Popular's current share price is €149.00. Popular's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €30.13. Popular's Cyclically Adjusted PS Ratio for today is 4.95.

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

FRA:PP4A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.9   Med: 2.6   Max: 4.9
Current: 4.85

During the past years, Popular's highest Cyclically Adjusted PS Ratio was 4.90. The lowest was 0.90. And the median was 2.60.

FRA:PP4A's Cyclically Adjusted PS Ratio is ranked worse than
75.83% of 1299 companies
in the Banks industry
Industry Median: 3.41 vs FRA:PP4A: 4.85

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.

Popular's adjusted revenue per share data for the three months ended in Mar. 2026 was €10.622. 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 €30.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Popular  (FRA:PP4A) 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.


Popular Cyclically Adjusted PS Ratio Related Terms


Popular Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Popular'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.

Popular Cyclically Adjusted PS Ratio Chart

Popular 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 3.49 2.48 2.87 2.97 3.61

Popular 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 3.31 3.73 3.61 3.75 0.00

FRA:PP4A vs UMBF, WTFC, CFR: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Popular'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.


Popular Cyclically Adjusted PS Ratio vs Banks Industry

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

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


FRA:PP4A
83GF Score
Popular Inc FRA:PP4A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Popular 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=149.00/30.13
=4.95

* 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.

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

For example, Popular'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)
=10.622/330.2130*330.2130
=10.622

Current CPI (Mar. 2026) = 330.2130.

Popular Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.000 241.018 5.480
201609 3.669 241.428 5.018
201612 3.214 241.432 4.396
201703 4.334 243.801 5.870
201706 4.242 244.955 5.718
201709 3.885 246.819 5.198
201712 3.876 246.524 5.192
201803 3.997 249.554 5.289
201806 5.364 251.989 7.029
201809 5.024 252.439 6.572
201812 5.488 251.233 7.213
201903 5.369 254.202 6.974
201906 5.549 256.143 7.154
201909 5.743 256.759 7.386
201912 5.692 256.974 7.314
202003 5.869 258.115 7.508
202006 5.767 257.797 7.387
202009 5.854 260.280 7.427
202012 5.251 260.474 6.657
202103 6.199 264.877 7.728
202106 6.409 271.696 7.789
202109 6.837 274.310 8.230
202112 6.456 278.802 7.646
202203 7.140 287.504 8.201
202206 8.187 296.311 9.124
202209 13.280 296.808 14.775
202212 8.962 296.797 9.971
202303 8.605 301.836 9.414
202306 8.435 305.109 9.129
202309 8.554 307.789 9.177
202312 8.582 306.746 9.239
202403 8.698 312.332 9.196
202406 8.975 314.175 9.433
202409 8.809 315.301 9.226
202412 9.723 315.605 10.173
202503 9.608 319.799 9.921
202506 9.706 322.561 9.936
202509 9.896 324.800 10.061
202512 10.161 324.054 10.354
202603 10.622 330.213 10.622

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 4.95 mean?
Popular (FRA:PP4A) has a Cyclically Adjusted PS Ratio of 4.95 as of Aug. 05, 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 Popular and its competitors. This is 90% above median its historical median of 2.60. Over the past decade, Popular's Cyclically Adjusted PS Ratio has ranged from 0.90 to 4.90. According to the industry distribution chart, Popular ranks #985 out of 1299 companies in the Banks industry, placing it in the top 75.8%.
Is Popular's Cyclically Adjusted PS Ratio too high?
Popular's current Cyclically Adjusted PS Ratio of 4.95 is 90% above median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 4.90. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Popular's value of 4.95 is 45.2% above this industry median. Based on the distribution chart, Popular ranks #985 out of 1299 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Popular has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Popular's Cyclically Adjusted PS Ratio compare to UMBF and WTFC?
According to the Banks industry distribution chart, Popular ranks #985 out of 1299 companies for Cyclically Adjusted PS Ratio. This places Popular in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Popular's value of 4.95 is 45.2% above this benchmark. Historically, Popular's own Cyclically Adjusted PS Ratio has ranged from 0.90 to 4.90 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 3.41, Popular has consistently been above 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 a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,299 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. Popular's current Cyclically Adjusted PS Ratio of 4.95 is 45.2% above 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 Popular and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Popular's current Cyclically Adjusted PS Ratio is 4.95, which is 90% above median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Popular stock overvalued right now?
Based on GuruFocus' analysis, Popular (FRA:PP4A) is currently considered Significantly Overvalued. The stock's GF Value™ is €103.43, compared to a current price of €149.00 — trading 44.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.95, which is 90% above median its 10-year median of 2.60 and 45.2% above the Banks industry median of 3.41. Popular's overall GF Score™ is 83/100 with 6 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 Popular (FRA:PP4A), the current Cyclically Adjusted PS Ratio is 4.95 as of Aug. 05, 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 Popular (FRA:PP4A) Overvalued in 2026?

Based on GuruFocus' analysis, Popular stock appears to be overvalued. The current stock price of €149.00 is trading 44.1% above its estimated GF Value™ of €103.43. GuruFocus considers Popular to be Significantly Overvalued.

Key valuation signals for FRA:PP4A:

  • Cyclically Adjusted PS Ratio: 4.95 (90% above median its 10-year median of 2.60)
  • GF Value™: €103.43 vs. price of €149.00 (44.1% above fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 45.2% above the Banks median (#985 of 1299)

No single metric tells the full story. See the FRA:PP4A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Popular Business Description

Other Exchanges BPOPO.PFD:USABPOP:USA
Address 209 Munoz Rivera Avenue, Hato Rey, PRI, 00918
Popular Inc, based in Puerto Rico, is a financial holding company with four main subsidiaries: Banco Popular de Puerto Rico, a bank in Puerto Rico in terms of assets; Banco Popular North America, its banking operation in the continental United States; Evertec, a data processor; and Popular Financial Holdings, a diversified financial services company. The Corporation's reportable segments consist of Banco Popular de Puerto Rico and Popular U.S.
83GF Score

Get the complete analysis for FRA:PP4A

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

€149.00
Price
€103.43
GF Value