Banco Bilbao Vizcaya Argentaria (LIM:BBVA) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

LIM:BBVA Banco Bilbao Vizcaya Argentaria SA LIM:BBVA
44 GF Score
Price $29.00
GF Value $15.53
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Bilbao Vizcaya Argentaria  (LIM:BBVA) 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.


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio Related Terms


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Banco Bilbao Vizcaya Argentaria'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.

Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio Chart

Banco Bilbao Vizcaya Argentaria 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 1.19 0.94 1.48 1.51 3.37

Banco Bilbao Vizcaya Argentaria 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 2.54 3.09 3.63 3.17 3.54

LIM:BBVA vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, Banco Bilbao Vizcaya Argentaria'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.


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PS Ratio falls into.


LIM:BBVA
44GF Score
Banco Bilbao Vizcaya Argentaria SA LIM:BBVA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco Bilbao Vizcaya Argentaria 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.

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

For example, Banco Bilbao Vizcaya Argentaria'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)
=2.826/131.3300*131.3300
=2.826

Current CPI (Jun. 2026) = 131.3300.

Banco Bilbao Vizcaya Argentaria Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.323 99.737 0.425
201612 1.022 101.842 1.318
201703 1.038 100.896 1.351
201706 1.047 101.848 1.350
201709 1.090 101.524 1.410
201712 1.134 102.975 1.446
201803 1.409 102.122 1.812
201806 1.299 104.165 1.638
201809 1.213 103.818 1.534
201812 1.074 104.193 1.354
201903 1.034 103.488 1.312
201906 1.256 104.612 1.577
201909 1.233 103.905 1.558
201912 0.815 105.015 1.019
202003 1.180 103.469 1.498
202006 0.995 104.254 1.253
202009 1.061 103.521 1.346
202012 1.153 104.456 1.450
202103 1.188 104.857 1.488
202106 1.213 107.102 1.487
202109 1.175 107.669 1.433
202112 1.273 111.298 1.502
202203 1.251 115.153 1.427
202206 1.379 118.044 1.534
202209 1.472 117.221 1.649
202212 1.429 117.650 1.595
202303 1.657 118.948 1.829
202306 1.709 120.278 1.866
202309 2.040 121.343 2.208
202312 1.733 121.300 1.876
202403 2.116 122.762 2.264
202406 2.205 124.409 2.328
202409 2.129 123.121 2.271
202412 2.303 124.753 2.424
202503 2.220 125.531 2.323
202506 2.113 127.251 2.181
202509 2.392 126.840 2.477
202512 2.613 128.400 2.673
202603 3.772 129.860 3.815
202606 2.826 131.330 2.826

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 Banco Bilbao Vizcaya Argentaria (LIM:BBVA) Overvalued in 2026?

Based on GuruFocus' analysis, Banco Bilbao Vizcaya Argentaria stock appears to be overvalued. The current stock price of $29.00 is trading 86.7% above its estimated GF Value™ of $15.53. GuruFocus considers Banco Bilbao Vizcaya Argentaria to be Significantly Overvalued.

Key valuation signals for LIM:BBVA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $15.53 vs. price of $29.00 (86.7% above fair value)
  • GF Score™: 44/100 with 7 warning signs

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


Banco Bilbao Vizcaya Argentaria Business Description

Address Plaza San Nicolas, 4, Bilbao, ESP, 48005
Despite its Spanish origins, Banco Bilbao Vizcaya Argentaria generates only around one-fourth of its profits in Spain. We expect that on a normalized basis, BBVA's market-leading Mexican bank should contribute half of its earnings, while its Turkish operation should account for another 15%. The balance of BBVA's earnings comes from smaller operations in South America. BBVA is overwhelmingly a retail and commercial bank, with corporate and investment banking forming a minor part of the overall business. BBVA also offers insurance and investment products through its banking networks.
44GF Score

Get the complete analysis for LIM:BBVA

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

$29.00
Price
$15.53
GF Value