SAN (Bancontander) Cyclically Adjusted PS Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

SAN Banco Santander SA SAN
59 GF Score
Price $14.70
GF Value $6.54
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Bancontander Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bancontander  (NYSE:SAN) 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.


Bancontander Cyclically Adjusted PS Ratio Related Terms


Bancontander Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bancontander'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.

Bancontander Cyclically Adjusted PS Ratio Chart

Bancontander 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 0.85 0.81 1.09 1.27 2.81

Bancontander 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 1.97 2.51 2.81 2.61 3.28

SAN vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, Bancontander'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.


Bancontander Cyclically Adjusted PS Ratio vs Banks Industry

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

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


SAN
59GF Score
Banco Santander SA SAN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bancontander 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.

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

For example, Bancontander'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)
=1.239/131.3300*131.3300
=1.239

Current CPI (Jun. 2026) = 131.3300.

Bancontander Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.800 99.737 1.053
201612 0.780 101.842 1.006
201703 0.847 100.896 1.102
201706 0.900 101.848 1.161
201709 0.875 101.524 1.132
201712 0.876 102.975 1.117
201803 0.902 102.122 1.160
201806 0.861 104.165 1.086
201809 0.736 103.818 0.931
201812 0.873 104.193 1.100
201903 0.840 103.488 1.066
201906 0.858 104.612 1.077
201909 0.558 103.905 0.705
201912 0.840 105.015 1.050
202003 0.742 103.469 0.942
202006 0.741 104.254 0.933
202009 0.914 103.521 1.160
202012 0.720 104.456 0.905
202103 0.698 104.857 0.874
202106 0.870 107.102 1.067
202109 0.723 107.669 0.882
202112 1.105 111.298 1.304
202203 0.765 115.153 0.872
202206 0.739 118.044 0.822
202209 0.744 117.221 0.834
202212 0.801 117.650 0.894
202303 0.909 118.948 1.004
202306 0.904 120.278 0.987
202309 0.919 121.343 0.995
202312 0.910 121.300 0.985
202403 1.024 122.762 1.095
202406 1.040 124.409 1.098
202409 1.020 123.121 1.088
202412 1.014 124.753 1.067
202503 1.001 125.531 1.047
202506 1.060 127.251 1.094
202509 1.045 126.840 1.082
202512 1.118 128.400 1.144
202603 1.178 129.860 1.191
202606 1.239 131.330 1.239

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 Bancontander (SAN) Overvalued in 2026?

Based on GuruFocus' analysis, Bancontander stock appears to be overvalued. The current stock price of $14.70 is trading 124.8% above its estimated GF Value™ of $6.54. GuruFocus considers Bancontander to be Significantly Overvalued.

Key valuation signals for SAN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $6.54 vs. price of $14.70 (124.8% above fair value)
  • GF Score™: 59/100 with 5 warning signs

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


Bancontander Business Description

Address Avenida de Cantabria s/n, Boadilla del Monte, Ciudad Grupo Santander, Madrid, ESP, 28660
Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's UK presence is the result of its acquisition of Abbey building society. In the US, Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.
59GF Score

Get the complete analysis for SAN

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

$14.70
Price
$6.54
GF Value