BP (STU:BSU) 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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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:BSU BP PLC STU:BSU
69 GF Score
Price €35.90
GF Value €35.35
Valuation Fairly Valued
! 3 Warning Signs
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What is BP Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BP  (STU:BSU) 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

STU:BSU 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.


STU:BSU
69GF Score
BP PLC STU:BSU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 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)
=22.971/142.3000*142.3000
=22.971

Current CPI (Jun. 2026) = 142.3000.

BP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 13.293 101.500 18.636
201612 15.184 102.200 21.142
201703 15.972 102.700 22.131
201706 15.254 103.500 20.972
201709 15.208 104.300 20.749
201712 17.252 105.000 23.381
201803 16.561 105.100 22.423
201806 19.330 105.900 25.974
201809 20.311 106.600 27.113
201812 19.824 107.100 26.339
201903 17.364 107.000 23.092
201906 18.898 107.900 24.923
201909 18.263 108.400 23.974
201912 18.868 108.500 24.746
202003 8.335 108.600 10.921
202006 5.602 108.800 7.327
202009 6.619 109.200 8.625
202012 6.678 109.400 8.686
202103 8.577 109.700 11.126
202106 8.917 111.400 11.390
202109 9.156 112.400 11.592
202112 13.446 114.700 16.681
202203 13.752 116.500 16.798
202206 19.634 120.500 23.186
202209 17.652 122.300 20.539
202212 21.589 125.300 24.518
202303 17.263 126.800 19.373
202306 15.016 129.400 16.513
202309 17.007 130.100 18.602
202312 16.612 130.500 18.114
202403 15.730 131.600 17.009
202406 15.892 133.000 17.003
202409 15.288 133.500 16.296
202412 16.503 135.100 17.383
202503 16.172 136.100 16.909
202506 15.299 138.400 15.730
202509 15.731 138.900 16.116
202512 15.756 139.900 16.026
202603 17.316 140.800 17.500
202606 22.971 142.300 22.971

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 BP (STU:BSU) Overvalued in 2026?

Based on GuruFocus' analysis, BP stock appears to be overvalued. The current stock price of €35.90 is trading 1.6% above its estimated GF Value™ of €35.35. GuruFocus considers BP to be Fairly Valued.

Key valuation signals for STU:BSU:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €35.35 vs. price of €35.90 (1.6% above fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the STU:BSU 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.
69GF Score

Get the complete analysis for STU:BSU

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

€35.90
Price
€35.35
GF Value