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Banco BTG Pactual S.A. (BSP:BPAC5) Cyclically Adjusted PS Ratio : 11.00 (As of May. 16, 2024)


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What is Banco BTG Pactual S.A. Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Banco BTG Pactual S.A.'s current share price is R$9.02. Banco BTG Pactual S.A.'s Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$0.82. Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio for today is 11.00.

The historical rank and industry rank for Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:BPAC5' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.17   Med: 11.37   Max: 13.73
Current: 11.12

During the past years, Banco BTG Pactual S.A.'s highest Cyclically Adjusted PS Ratio was 13.73. The lowest was 8.17. And the median was 11.37.

BSP:BPAC5's Cyclically Adjusted PS Ratio is ranked worse than
83.28% of 580 companies
in the Capital Markets industry
Industry Median: 3.135 vs BSP:BPAC5: 11.12

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.

Banco BTG Pactual S.A.'s adjusted revenue per share data for the three months ended in Dec. 2023 was R$0.748. 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 R$0.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco BTG Pactual S.A. Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Banco BTG Pactual S.A.'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.

Banco BTG Pactual S.A. Cyclically Adjusted PS Ratio Chart

Banco BTG Pactual S.A. 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 - - - 10.66 11.96

Banco BTG Pactual S.A. Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.66 8.16 11.47 10.12 11.96

Competitive Comparison of Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, Banco BTG Pactual S.A.'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.


Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio falls into.



Banco BTG Pactual S.A. 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.

Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.02/0.82
=11.00

* 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.

Banco BTG Pactual S.A.'s Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Banco BTG Pactual S.A.'s adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.748/157.1481*157.1481
=0.748

Current CPI (Dec. 2023) = 157.1481.

Banco BTG Pactual S.A. Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201206 0.000 80.803 0.000
201209 0.087 81.948 0.167
201212 0.296 83.581 0.557
201306 0.000 86.214 0.000
201312 0.000 88.522 0.000
201406 0.000 91.838 0.000
201412 0.000 94.194 0.000
201506 0.000 100.006 0.000
201512 0.000 104.247 0.000
201603 0.331 106.979 0.486
201606 0.418 108.851 0.603
201612 0.000 110.802 0.000
201703 0.156 111.869 0.219
201706 0.071 112.115 0.100
201709 0.157 112.777 0.219
201712 0.100 114.068 0.138
201803 0.135 114.868 0.185
201806 0.068 117.038 0.091
201809 0.100 117.881 0.133
201812 -0.307 118.340 -0.408
201903 0.134 120.124 0.175
201906 0.199 120.977 0.258
201909 0.182 121.292 0.236
201912 0.275 123.436 0.350
202003 0.055 124.092 0.070
202006 0.249 123.557 0.317
202009 0.233 125.095 0.293
202012 0.466 129.012 0.568
202103 0.212 131.660 0.253
202106 0.438 133.871 0.514
202109 0.464 137.913 0.529
202112 0.410 141.992 0.454
202203 0.591 146.537 0.634
202206 0.573 149.784 0.601
202209 0.713 147.800 0.758
202212 0.679 150.207 0.710
202303 0.589 153.352 0.604
202306 0.626 154.519 0.637
202309 0.833 155.464 0.842
202312 0.748 157.148 0.748

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.


Banco BTG Pactual S.A.  (BSP:BPAC5) 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.


Banco BTG Pactual S.A. Cyclically Adjusted PS Ratio Related Terms

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


Banco BTG Pactual S.A. (BSP:BPAC5) Business Description

Traded in Other Exchanges
Address
Avenue Brigadeiro Faria Lima, 14th Floor, Sao Paulo, SP, BRA, 3477
Banco BTG Pactual S.A. is a Brazil-based banking firm. The core activities of the company involve investment banking and investment management activities. It also provides corporate lending, brokerage service, commercial, consumer, and merchant banking services. Banco BTG is one of the largest asset management firms in Latin America and has a foreign presence in countries like Mexico, the United Kingdom and the United States. Its product portfolio includes instruments like fixed income, equity, and hedge funds.

Banco BTG Pactual S.A. (BSP:BPAC5) Headlines

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