Associated Banc-Corp (STU:AB5) Cyclically Adjusted PS Ratio: (As of Aug. 14, 2026)

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.

STU:AB5 Associated Banc-Corp STU:AB5
54 GF Score
Price €27.80
GF Value €25.73
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Associated Banc-Corp 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


Associated Banc-Corp  (STU:AB5) 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.


Associated Banc-Corp Cyclically Adjusted PS Ratio Related Terms


Associated Banc-Corp Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Associated Banc-Corp'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.

Associated Banc-Corp Cyclically Adjusted PS Ratio Chart

Associated Banc-Corp 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 2.95 2.79 2.51 2.77 2.91

Associated Banc-Corp 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 2.77 2.90 2.91 2.87 3.38

STU:AB5 vs FLG, ABCB, AUB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Associated Banc-Corp'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.


Associated Banc-Corp Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where Associated Banc-Corp's Cyclically Adjusted PS Ratio falls into.


STU:AB5
54GF Score
Associated Banc-Corp STU:AB5
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associated Banc-Corp 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.

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

For example, Associated Banc-Corp'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)
=2.052/333.9520*333.9520
=2.052

Current CPI (Jun. 2026) = 333.9520.

Associated Banc-Corp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.626 241.428 2.249
201612 1.711 241.432 2.367
201703 1.581 243.801 2.166
201706 1.536 244.955 2.094
201709 1.514 246.819 2.048
201712 1.457 246.524 1.974
201803 1.452 249.554 1.943
201806 1.564 251.989 2.073
201809 1.514 252.439 2.003
201812 1.620 251.233 2.153
201903 1.630 254.202 2.141
201906 1.663 256.143 2.168
201909 1.730 256.759 2.250
201912 1.645 256.974 2.138
202003 1.734 258.115 2.243
202006 2.556 257.797 3.311
202009 1.416 260.280 1.817
202012 1.412 260.474 1.810
202103 1.465 264.877 1.847
202106 1.354 271.696 1.664
202109 1.485 274.310 1.808
202112 1.575 278.802 1.887
202203 1.570 287.504 1.824
202206 1.827 296.311 2.059
202209 2.242 296.808 2.523
202212 2.182 296.797 2.455
202303 2.070 301.836 2.290
202306 1.969 305.109 2.155
202309 1.978 307.789 2.146
202312 0.742 306.746 0.808
202403 1.951 312.332 2.086
202406 1.965 314.175 2.089
202409 1.945 315.301 2.060
202412 0.368 315.605 0.389
202503 1.900 319.799 1.984
202506 1.899 322.561 1.966
202509 1.967 324.800 2.022
202512 1.990 324.054 2.051
202603 1.980 330.213 2.002
202606 2.052 333.952 2.052

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 Associated Banc-Corp (STU:AB5) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Banc-Corp stock appears to be overvalued. The current stock price of €27.80 is trading 8% above its estimated GF Value™ of €25.73. GuruFocus considers Associated Banc-Corp to be Fairly Valued.

Key valuation signals for STU:AB5:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €25.73 vs. price of €27.80 (8% above fair value)
  • GF Score™: 54/100 with 6 warning signs

No single metric tells the full story. See the STU:AB5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Associated Banc-Corp Business Description

Address 433 Main Street, Green Bay, WI, USA, 54301
Associated Banc-Corp is a bank holding company based in the United States of America. The company, through its subsidiaries, provides a broad array of banking and non-banking products and services to individuals and businesses. The group operates in three reportable segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty segment, which serves a wide range of customers, including larger businesses, developers, not-for-profits, municipalities, and financial institutions by providing lending and deposit solutions as well as support to deliver, fund, and manage such banking solutions.
54GF Score

Get the complete analysis for STU:AB5

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

€27.80
Price
€25.73
GF Value