Absa Group (JSE:ABG) Cyclically Adjusted PS Ratio: 1.70 (As of Jul. 28, 2026) — Near Median

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JSE:ABG Absa Group Ltd JSE:ABG
77 GF Score
Price R220.70
GF Value R194.46
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Absa Group Cyclically Adjusted PS Ratio?

Absa Group JSE:ABG +0.61% 77 Cyclically Adjusted PS Ratio is 1.70 as of Jul. 28, 2026, which is 5% above its 10-year median of 1.62. GuruFocus rates JSE:ABG with a GF Score™ of 77/100 and a GF Value™ of R194.46 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,302 Banks companies, Absa Group ranks better than 81.8% on this metric.

As of today (2026-07-28), Absa Group's current share price is R220.70. Absa Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was R129.80. Absa Group's Cyclically Adjusted PS Ratio for today is 1.70.

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

JSE:ABG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.62   Max: 2.31
Current: 1.69

During the past 13 years, Absa Group's highest Cyclically Adjusted PS Ratio was 2.31. The lowest was 0.76. And the median was 1.62.

JSE:ABG's Cyclically Adjusted PS Ratio is ranked better than
81.8% of 1302 companies
in the Banks industry
Industry Median: 3.405 vs JSE:ABG: 1.69

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.

Absa Group's adjusted revenue per share data of for the fiscal year that ended in Dec25 was R137.538. 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 R129.80 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Absa Group  (JSE:ABG) 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.


Absa Group Cyclically Adjusted PS Ratio Related Terms


Absa Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Absa Group'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.

Absa Group Cyclically Adjusted PS Ratio Chart

Absa Group 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 1.47 1.72 1.37 1.53 1.84

Absa Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.37 0.00 1.53 0.00 1.84

JSE:ABG vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Absa Group'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.


Absa Group Cyclically Adjusted PS Ratio vs Banks Industry

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

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


JSE:ABG
77GF Score
Absa Group Ltd JSE:ABG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Absa Group 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.

Absa Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=220.70/129.80
=1.70

* 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.

Absa Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Absa Group's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=137.538/162.8800*162.8800
=137.538

Current CPI (Dec25) = 162.8800.

Absa Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 86.808 109.002 129.716
201712 87.996 113.907 125.829
201812 92.016 118.921 126.030
201912 96.358 123.717 126.860
202012 98.631 127.467 126.033
202112 103.195 135.029 124.480
202212 116.113 145.156 130.291
202312 125.861 152.718 134.236
202412 132.218 157.212 136.985
202512 137.538 162.880 137.538

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 1.70 mean?
Absa Group (JSE:ABG) has a Cyclically Adjusted PS Ratio of 1.70 as of Jul. 28, 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 Absa Group and its competitors. This is near median its historical median of 1.62. Over the past decade, Absa Group's Cyclically Adjusted PS Ratio has ranged from 0.76 to 2.31. According to the industry distribution chart, Absa Group ranks #237 out of 1302 companies in the Banks industry, placing it in the top 18.2%.
Is Absa Group's Cyclically Adjusted PS Ratio too high?
Absa Group's current Cyclically Adjusted PS Ratio of 1.70 is near median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 2.31. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Absa Group's value of 1.70 is 50.1% below this industry median. Based on the distribution chart, Absa Group ranks #237 out of 1302 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Absa Group has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Absa Group's Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Absa Group ranks #237 out of 1302 companies for Cyclically Adjusted PS Ratio. This places Absa Group in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.41. Absa Group's value of 1.70 is 50.1% below this benchmark. Historically, Absa Group's own Cyclically Adjusted PS Ratio has ranged from 0.76 to 2.31 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 3.41, Absa Group 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 a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,302 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. Absa Group's current Cyclically Adjusted PS Ratio of 1.70 is 50.1% 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 Absa Group 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. Absa Group's current Cyclically Adjusted PS Ratio is 1.70, which is near median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Absa Group stock overvalued right now?
Based on GuruFocus' analysis, Absa Group (JSE:ABG) is currently considered Modestly Overvalued. The stock's GF Value™ is R194.46, compared to a current price of R220.70 — trading 13.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.70, which is near median its 10-year median of 1.62 and 50.1% below the Banks industry median of 3.41. Absa Group's overall GF Score™ is 77/100 with 1 warning sign 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 Absa Group (JSE:ABG), the current Cyclically Adjusted PS Ratio is 1.70 as of Jul. 28, 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 Absa Group (JSE:ABG) Overvalued in 2026?

Based on GuruFocus' analysis, Absa Group stock appears to be overvalued. The current stock price of R220.70 is trading 13.5% above its estimated GF Value™ of R194.46. GuruFocus considers Absa Group to be Modestly Overvalued.

Key valuation signals for JSE:ABG:

  • Cyclically Adjusted PS Ratio: 1.70 (near median its 10-year median of 1.62)
  • GF Value™: R194.46 vs. price of R220.70 (13.5% above fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 50.1% below the Banks median (#237 of 1302)

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


Absa Group Business Description

Other Exchanges AGRPY:USAAU61:Germany
Address 15 Troye Street, PO Box 7735, 7th Floor, Absa Towers West, Johannesburg, GT, ZAF, 2000
Absa Group Ltd is a financial services company that has two main business segments: Personal and Private Banking offers a comprehensive range of product and services to the retail consumer segments. Customers are served through an extensive integrated channel network across physical and virtual points of presence, including partnerships, and more increasingly through digital. and Business Banking consists of business units and associated products where a designated client relationship exists. The business provides customers with a single relationship manager, supported by a team of specialists, rather than multiple touchpoints within the Group. Majority of the revenue is earn from Personal and Private Banking.
77GF Score

Get the complete analysis for JSE:ABG

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

R220.70
Price
R194.46
GF Value