BP (LTS:0HKP) Cyclically Adjusted PS Ratio: 0.49 (As of Aug. 07, 2026) — 14% 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.

LTS:0HKP BP PLC LTS:0HKP
71 GF Score
Price $42.01
GF Value $40.58
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is BP Cyclically Adjusted PS Ratio?

BP LTS:0HKP +0.74% 71 Cyclically Adjusted PS Ratio is 0.49 as of Aug. 07, 2026, which is 14% above its 10-year median of 0.43. GuruFocus rates LTS:0HKP with a GF Score™ of 71/100 and a GF Value™ of $40.58 (Fairly Valued). The stock has 3 warning signs investors should review. Among 713 Oil & Gas companies, BP ranks better than 69.57% on this metric.

As of today (2026-08-07), BP's current share price is $42.01. BP's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $85.12. BP's Cyclically Adjusted PS Ratio for today is 0.49.

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

LTS:0HKP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.43   Max: 0.56
Current: 0.48

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.

LTS:0HKP's Cyclically Adjusted PS Ratio is ranked better than
69.57% of 713 companies
in the Oil & Gas industry
Industry Median: 1.04 vs LTS:0HKP: 0.48

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 Jun. 2026 was $26.465. 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 $85.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BP  (LTS:0HKP) 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 0.41

BP 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 0.35 0.41 0.41 0.57 0.43

LTS:0HKP 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.


LTS:0HKP
71GF Score
BP PLC LTS:0HKP
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
=42.01/85.12
=0.49

* 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 Jun. 2026 is calculated as:

For example, BP'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)
=26.465/142.3000*142.3000
=26.465

Current CPI (Jun. 2026) = 142.3000.

BP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.919 101.500 20.916
201612 16.017 102.200 22.302
201703 17.082 102.700 23.669
201706 17.139 103.500 23.564
201709 18.126 104.300 24.730
201712 20.417 105.000 27.670
201803 20.420 105.100 27.648
201806 22.582 105.900 30.344
201809 23.700 106.600 31.637
201812 22.553 107.100 29.965
201903 19.620 107.000 26.093
201906 21.353 107.900 28.161
201909 20.113 108.400 26.403
201912 20.964 108.500 27.495
202003 9.210 108.600 12.068
202006 6.308 108.800 8.250
202009 7.796 109.200 10.159
202012 8.124 109.400 10.567
202103 10.211 109.700 13.245
202106 10.743 111.400 13.723
202109 10.771 112.400 13.636
202112 15.194 114.700 18.850
202203 15.145 116.500 18.499
202206 20.755 120.500 24.510
202209 17.477 122.300 20.335
202212 22.869 125.300 25.972
202303 18.482 126.800 20.741
202306 16.269 129.400 17.891
202309 18.150 130.100 19.852
202312 18.115 130.500 19.753
202403 17.097 131.600 18.487
202406 17.106 133.000 18.302
202409 16.968 133.500 18.086
202412 17.281 135.100 18.202
202503 17.483 136.100 18.279
202506 17.645 138.400 18.142
202509 18.463 138.900 18.915
202512 18.449 139.900 18.765
202603 20.018 140.800 20.231
202606 26.465 142.300 26.465

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 0.49 mean?
BP (LTS:0HKP) has a Cyclically Adjusted PS Ratio of 0.49 as of Aug. 07, 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 14% 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 #217 out of 713 companies in the Oil & Gas industry, placing it in the top 30.4%.
Is BP's Cyclically Adjusted PS Ratio too high?
BP's current Cyclically Adjusted PS Ratio of 0.49 is 14% 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 1.04. BP's value of 0.49 is 52.9% below this industry median. Based on the distribution chart, BP ranks #217 out of 713 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, BP has a GF Score™ of 71/100 and is considered Fairly Valued, 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 #217 out of 713 companies for Cyclically Adjusted PS Ratio. This puts BP in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. BP's value of 0.49 is 52.9% 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 1.04, 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 1.04, based on 713 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 0.49 is 52.9% 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 1.04 — 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 0.49, which is 14% 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 (LTS:0HKP) is currently considered Fairly Valued. The stock's GF Value™ is $40.58, compared to a current price of $42.01 — trading 3.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is 14% above median its 10-year median of 0.43 and 52.9% below the Oil & Gas industry median of 1.04. BP's overall GF Score™ is 71/100 with 3 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 (LTS:0HKP), the current Cyclically Adjusted PS Ratio is 0.49 as of Aug. 07, 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 (LTS:0HKP) Overvalued in 2026?

Based on GuruFocus' analysis, BP stock appears to be overvalued. The current stock price of $42.01 is trading 3.5% above its estimated GF Value™ of $40.58. GuruFocus considers BP to be Fairly Valued.

Key valuation signals for LTS:0HKP:

  • Cyclically Adjusted PS Ratio: 0.49 (14% above median its 10-year median of 0.43)
  • GF Value™: $40.58 vs. price of $42.01 (3.5% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 52.9% below the Oil & Gas median (#217 of 713)

No single metric tells the full story. See the LTS:0HKP 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.
71GF Score

Get the complete analysis for LTS:0HKP

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

$42.01
Price
$40.58
GF Value