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BNP Paribas (BNP Paribas) Cyclically Adjusted PS Ratio : 1.32 (As of Apr. 29, 2024)


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What is BNP Paribas Cyclically Adjusted PS Ratio?

As of today (2024-04-29), BNP Paribas's current share price is $73.05. BNP Paribas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $55.49. BNP Paribas's Cyclically Adjusted PS Ratio for today is 1.32.

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

BNPQF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.1   Max: 1.45
Current: 1.3

During the past years, BNP Paribas's highest Cyclically Adjusted PS Ratio was 1.45. The lowest was 0.54. And the median was 1.10.

BNPQF's Cyclically Adjusted PS Ratio is ranked better than
79.9% of 1189 companies
in the Banks industry
Industry Median: 2.39 vs BNPQF: 1.30

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.

BNP Paribas's adjusted revenue per share data for the three months ended in Mar. 2024 was $10.975. 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 $55.49 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BNP Paribas Cyclically Adjusted PS Ratio Historical Data

The historical data trend for BNP Paribas'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.

* Premium members only.

BNP Paribas Cyclically Adjusted PS Ratio Chart

BNP Paribas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 0.96 1.33 1.09 1.22

BNP Paribas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.10 1.15 1.19 1.22 1.28

Competitive Comparison of BNP Paribas's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, BNP Paribas'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.


BNP Paribas's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



BNP Paribas 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.

BNP Paribas's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=73.05/55.49
=1.32

* 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.

BNP Paribas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BNP Paribas's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=10.975/118.2300*118.2300
=10.975

Current CPI (Mar. 2024) = 118.2300.

BNP Paribas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 13.715 100.180 16.186
201409 9.865 99.920 11.673
201412 15.990 99.860 18.931
201503 9.611 100.170 11.344
201506 12.811 100.440 15.080
201509 9.342 99.950 11.051
201512 15.001 100.040 17.729
201603 9.707 100.020 11.474
201606 13.584 100.630 15.960
201609 9.553 100.340 11.256
201612 15.477 100.650 18.180
201703 9.697 101.170 11.332
201706 13.798 101.320 16.101
201709 9.943 101.330 11.601
201712 18.695 101.850 21.702
201803 10.669 102.750 12.276
201806 15.364 103.370 17.573
201809 9.679 103.560 11.050
201812 17.862 103.470 20.410
201903 10.098 103.890 11.492
201906 14.655 104.580 16.568
201909 9.625 104.500 10.890
201912 19.375 104.980 21.820
202003 9.648 104.590 10.906
202006 14.845 104.790 16.749
202009 10.275 104.550 11.619
202012 18.361 104.960 20.682
202103 11.284 105.750 12.616
202106 16.272 106.340 18.091
202109 10.738 106.810 11.886
202112 19.562 107.850 21.445
202203 10.868 110.490 11.629
202206 9.896 112.550 10.395
202209 8.942 112.740 9.377
202212 19.695 114.160 20.397
202303 10.893 116.790 11.027
202306 10.400 117.650 10.451
202309 10.568 118.260 10.565
202312 23.411 118.230 23.411
202403 10.975 118.230 10.975

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.


BNP Paribas  (OTCPK:BNPQF) 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.


BNP Paribas Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of BNP Paribas's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


BNP Paribas (BNP Paribas) Business Description

Industry
Address
16, Boulevard Des Italiens, Paris, FRA, 75009
The merger of Banque Nationale de Paris and Paribas created BNP Paribas in 2000, making it the largest publicly traded bank in France. Although BNP Paribas has operations in about 80 countries, it considers France, Italy, and Belgium to be its home markets.