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Banco Bilbao Vizcaya Argentaria (WBO:BBVA) Cyclically Adjusted PS Ratio : 2.46 (As of Apr. 28, 2024)


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What is Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Banco Bilbao Vizcaya Argentaria's current share price is €10.565. Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €4.30. Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PS Ratio for today is 2.46.

The historical rank and industry rank for Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PS Ratio or its related term are showing as below:

WBO:BBVA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.37   Max: 2.56
Current: 2.55

During the past years, Banco Bilbao Vizcaya Argentaria's highest Cyclically Adjusted PS Ratio was 2.56. The lowest was 0.57. And the median was 1.37.

WBO:BBVA's Cyclically Adjusted PS Ratio is ranked worse than
55.91% of 1184 companies
in the Banks industry
Industry Median: 2.38 vs WBO:BBVA: 2.55

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 Bilbao Vizcaya Argentaria's adjusted revenue per share data for the three months ended in Dec. 2023 was €1.193. 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 €4.30 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Banco Bilbao Vizcaya Argentaria'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 Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio Chart

Banco Bilbao Vizcaya Argentaria 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 1.16 1.05 1.34 1.37 1.91

Banco Bilbao Vizcaya Argentaria 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 1.37 1.57 1.66 1.78 1.91

Competitive Comparison of Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PS Ratio

For the Banks - Diversified subindustry, Banco Bilbao Vizcaya Argentaria'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 Bilbao Vizcaya Argentaria's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banco Bilbao Vizcaya Argentaria's Cyclically Adjusted PS Ratio falls into.



Banco Bilbao Vizcaya Argentaria 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 Bilbao Vizcaya Argentaria's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.565/4.3
=2.46

* 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 Bilbao Vizcaya Argentaria's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Banco Bilbao Vizcaya Argentaria'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)
=1.193/121.2698*121.2698
=1.193

Current CPI (Dec. 2023) = 121.2698.

Banco Bilbao Vizcaya Argentaria Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.826 100.139 1.000
201406 0.862 101.081 1.034
201409 0.813 100.441 0.982
201412 1.340 100.251 1.621
201503 0.843 99.474 1.028
201506 0.869 101.138 1.042
201509 0.961 99.559 1.171
201512 1.292 100.268 1.563
201603 0.815 98.638 1.002
201606 1.126 100.333 1.361
201609 0.833 99.737 1.013
201612 1.217 101.842 1.449
201703 0.906 100.896 1.089
201706 0.916 101.848 1.091
201709 0.866 101.524 1.034
201712 1.025 102.975 1.207
201803 0.841 102.122 0.999
201806 0.797 104.165 0.928
201809 0.834 103.818 0.974
201812 0.872 104.193 1.015
201903 0.818 103.488 0.959
201906 0.798 104.612 0.925
201909 0.849 103.905 0.991
201912 0.975 105.015 1.126
202003 0.952 103.469 1.116
202006 0.622 104.254 0.724
202009 0.698 103.521 0.818
202012 0.640 104.456 0.743
202103 0.775 104.857 0.896
202106 0.705 107.102 0.798
202109 0.830 107.669 0.935
202112 0.817 111.298 0.890
202203 0.922 115.153 0.971
202206 1.064 118.044 1.093
202209 1.191 117.221 1.232
202212 0.996 117.650 1.027
202303 1.333 118.948 1.359
202306 1.337 120.278 1.348
202309 1.403 121.343 1.402
202312 1.193 121.270 1.193

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 Bilbao Vizcaya Argentaria  (WBO:BBVA) 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 Bilbao Vizcaya Argentaria Cyclically Adjusted PS Ratio Related Terms

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Banco Bilbao Vizcaya Argentaria (WBO:BBVA) Business Description

Address
Calle Azul, 4, Madrid, ESP, 28050
Despite its Spanish origins, BBVA generates only around a quarter of its profits in Spain. We expect that on a normalised basis, BBVA's market-leading Mexican bank should contribute half of its earnings, while its Turkish operation should account for another 15%. The balance of BBVA's earnings comes from smaller operations in South America. BBVA is overwhelmingly a retail and commercial bank, with corporate and investment banking forming a minor part of the overall business. BBVA also offers insurance and investment products through its banking networks.