Grupo Financiero BanorteB de CV (MEX:GFNORTEO) Cyclically Adjusted PS Ratio: 2.73 (As of Aug. 07, 2026) — Near Median

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MEX:GFNORTEO Grupo Financiero Banorte SAB de CV MEX:GFNORTEO
71 GF Score
Price MXN199.00
GF Value MXN173.01
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Grupo Financiero BanorteB de CV Cyclically Adjusted PS Ratio?

Grupo Financiero BanorteB de CV MEX:GFNORTEO -0.02% 71 Cyclically Adjusted PS Ratio is 2.73 as of Aug. 07, 2026, which is 1% below its 10-year median of 2.76. GuruFocus rates MEX:GFNORTEO with a GF Score™ of 71/100 and a GF Value™ of MXN173.01 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,298 Banks companies, Grupo Financiero BanorteB de CV ranks better than 63.56% on this metric.

As of today (2026-08-07), Grupo Financiero BanorteB de CV's current share price is MXN199.00. Grupo Financiero BanorteB de CV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN72.81. Grupo Financiero BanorteB de CV's Cyclically Adjusted PS Ratio for today is 2.73.

The historical rank and industry rank for Grupo Financiero BanorteB de CV's Cyclically Adjusted PS Ratio or its related term are showing as below:

MEX:GFNORTEO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.58   Med: 2.76   Max: 4
Current: 2.74

During the past years, Grupo Financiero BanorteB de CV's highest Cyclically Adjusted PS Ratio was 4.00. The lowest was 1.58. And the median was 2.76.

MEX:GFNORTEO's Cyclically Adjusted PS Ratio is ranked better than
63.56% of 1298 companies
in the Banks industry
Industry Median: 3.42 vs MEX:GFNORTEO: 2.74

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.

Grupo Financiero BanorteB de CV's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN22.556. 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 MXN72.81 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo Financiero BanorteB de CV  (MEX:GFNORTEO) 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.


Grupo Financiero BanorteB de CV Cyclically Adjusted PS Ratio Related Terms


Grupo Financiero BanorteB de CV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Grupo Financiero BanorteB de CV'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.

Grupo Financiero BanorteB de CV Cyclically Adjusted PS Ratio Chart

Grupo Financiero BanorteB de CV 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 0.00 2.73 3.05 2.11 2.40

Grupo Financiero BanorteB de CV 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 2.58 2.71 2.40 2.77 2.54

MEX:GFNORTEO vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Grupo Financiero BanorteB de CV'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.


Grupo Financiero BanorteB de CV Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Grupo Financiero BanorteB de CV's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Grupo Financiero BanorteB de CV's Cyclically Adjusted PS Ratio falls into.


MEX:GFNORTEO
71GF Score
Grupo Financiero Banorte SAB de CV MEX:GFNORTEO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo Financiero BanorteB de CV 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.

Grupo Financiero BanorteB de CV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=199.00/72.81
=2.73

* 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.

Grupo Financiero BanorteB de CV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Grupo Financiero BanorteB de CV'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)
=22.556/165.5700*165.5700
=22.556

Current CPI (Jun. 2026) = 165.5700.

Grupo Financiero BanorteB de CV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.126 103.084 13.052
201612 8.805 105.002 13.884
201703 10.305 108.063 15.789
201706 9.452 108.339 14.445
201709 9.356 109.628 14.130
201712 10.894 112.114 16.088
201803 12.084 113.505 17.627
201806 10.123 113.373 14.784
201809 9.579 115.130 13.776
201812 0.000 117.530 0.000
201903 11.506 118.050 16.138
201906 10.696 117.848 15.027
201909 11.445 118.581 15.980
201912 0.000 120.854 0.000
202003 13.717 121.885 18.633
202006 11.379 121.777 15.471
202009 12.108 123.341 16.253
202012 12.614 124.661 16.753
202103 14.982 127.574 19.444
202106 9.277 128.936 11.913
202109 13.246 130.742 16.775
202112 0.000 133.830 0.000
202203 17.747 137.082 21.435
202206 11.377 139.233 13.529
202209 15.505 142.116 18.064
202212 15.972 144.291 18.327
202303 18.975 146.472 21.449
202306 14.669 146.272 16.604
202309 16.909 148.446 18.860
202312 17.399 151.017 19.076
202403 20.367 152.947 22.048
202406 16.154 153.551 17.418
202409 41.754 155.246 44.531
202412 16.503 157.378 17.362
202503 20.737 158.761 21.626
202506 20.020 160.180 20.694
202509 18.967 161.030 19.502
202512 20.496 163.190 20.795
202603 21.960 166.040 21.898
202606 22.556 165.570 22.556

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 2.73 mean?
Grupo Financiero BanorteB de CV (MEX:GFNORTEO) has a Cyclically Adjusted PS Ratio of 2.73 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 Grupo Financiero BanorteB de CV and its competitors. This is near median its historical median of 2.76. Over the past decade, Grupo Financiero BanorteB de CV's Cyclically Adjusted PS Ratio has ranged from 1.58 to 4.00. According to the industry distribution chart, Grupo Financiero BanorteB de CV ranks #473 out of 1298 companies in the Banks industry, placing it in the top 36.4%.
Is Grupo Financiero BanorteB de CV's Cyclically Adjusted PS Ratio too high?
Grupo Financiero BanorteB de CV's current Cyclically Adjusted PS Ratio of 2.73 is near median its 10-year median of 2.76. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 4.00. The Banks industry median Cyclically Adjusted PS Ratio is 3.42. Grupo Financiero BanorteB de CV's value of 2.73 is 20.2% below this industry median. Based on the distribution chart, Grupo Financiero BanorteB de CV ranks #473 out of 1298 companies in the Banks industry, which is above the industry midpoint. Overall, Grupo Financiero BanorteB de CV has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grupo Financiero BanorteB de CV's Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Grupo Financiero BanorteB de CV ranks #473 out of 1298 companies for Cyclically Adjusted PS Ratio. This puts Grupo Financiero BanorteB de CV in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.42. Grupo Financiero BanorteB de CV's value of 2.73 is 20.2% below this benchmark. Historically, Grupo Financiero BanorteB de CV's own Cyclically Adjusted PS Ratio has ranged from 1.58 to 4.00 over the past decade. While the company's 10-year median is 2.76 vs. the industry median of 3.42, Grupo Financiero BanorteB de CV 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 3.42, based on 1,298 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. Grupo Financiero BanorteB de CV's current Cyclically Adjusted PS Ratio of 2.73 is 20.2% 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 Grupo Financiero BanorteB de CV and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo Financiero BanorteB de CV's current Cyclically Adjusted PS Ratio is 2.73, which is near median its own 10-year median of 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Financiero BanorteB de CV stock overvalued right now?
Based on GuruFocus' analysis, Grupo Financiero BanorteB de CV (MEX:GFNORTEO) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN173.01, compared to a current price of MXN199.00 — trading 15% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.73, which is near median its 10-year median of 2.76 and 20.2% below the Banks industry median of 3.42. Grupo Financiero BanorteB de CV's overall GF Score™ is 71/100 with 8 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 Grupo Financiero BanorteB de CV (MEX:GFNORTEO), the current Cyclically Adjusted PS Ratio is 2.73 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 Grupo Financiero BanorteB de CV (MEX:GFNORTEO) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Financiero BanorteB de CV stock appears to be overvalued. The current stock price of MXN199.00 is trading 15% above its estimated GF Value™ of MXN173.01. GuruFocus considers Grupo Financiero BanorteB de CV to be Modestly Overvalued.

Key valuation signals for MEX:GFNORTEO:

  • Cyclically Adjusted PS Ratio: 2.73 (near median its 10-year median of 2.76)
  • GF Value™: MXN173.01 vs. price of MXN199.00 (15% above fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 20.2% below the Banks median (#473 of 1298)

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


Grupo Financiero BanorteB de CV Business Description

Address Avenue Prolongacion Reforma 1230, Col. Cruz Manca Santa Fe, Delegacion Cuajimalpa, Mexico, MEX, MEX, 05349
Grupo Financiero Banorte SAB de CV main activity are the execution of financial operations such as the provision of services of commercial banking, brokerage, leasing, financial factoring, warehousing services in general, pensions, life and damage insurance, as well as disposal, management, collection and negotiation, in any form, with credit rights. Its business segments are Retail Banking, SME Banking, Wholesale Banking, Middle-market and Corporate Banking, Transactional Banking, Government Banking, International Banking, etc.
71GF Score

Get the complete analysis for MEX:GFNORTEO

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

MXN199.00
Price
MXN173.01
GF Value