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BNP Paribas (LTS:0HB5) Cyclically Adjusted PS Ratio : 1.30 (As of Jun. 01, 2024)


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What is BNP Paribas Cyclically Adjusted PS Ratio?

As of today (2024-06-01), BNP Paribas's current share price is €67.745. BNP Paribas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €52.00. BNP Paribas's Cyclically Adjusted PS Ratio for today is 1.30.

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

LTS:0HB5' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.11   Max: 1.45
Current: 1.29

During the past years, BNP Paribas's highest Cyclically Adjusted PS Ratio was 1.45. The lowest was 0.54. And the median was 1.11.

LTS:0HB5's Cyclically Adjusted PS Ratio is ranked better than
80.18% of 1191 companies
in the Banks industry
Industry Median: 2.38 vs LTS:0HB5: 1.29

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 €10.097. 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 €52.00 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 1.27

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
=67.745/52
=1.30

* 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)
=10.097/119.4700*119.4700
=10.097

Current CPI (Mar. 2024) = 119.4700.

BNP Paribas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 10.094 100.180 12.038
201409 7.655 99.920 9.153
201412 12.968 99.860 15.515
201503 8.881 100.170 10.592
201506 11.415 100.440 13.578
201509 8.323 99.950 9.948
201512 13.771 100.040 16.446
201603 8.717 100.020 10.412
201606 12.089 100.630 14.352
201609 8.512 100.340 10.135
201612 14.672 100.650 17.415
201703 9.067 101.170 10.707
201706 12.280 101.320 14.480
201709 8.342 101.330 9.835
201712 15.797 101.850 18.530
201803 8.652 102.750 10.060
201806 13.152 103.370 15.200
201809 8.295 103.560 9.569
201812 15.701 103.470 18.129
201903 8.937 103.890 10.277
201906 12.969 104.580 14.816
201909 8.739 104.500 9.991
201912 17.437 104.980 19.844
202003 8.731 104.590 9.973
202006 13.182 104.790 15.029
202009 8.724 104.550 9.969
202012 15.093 104.960 17.180
202103 9.478 105.750 10.708
202106 13.506 106.340 15.174
202109 9.127 106.810 10.209
202112 17.312 107.850 19.177
202203 9.869 110.490 10.671
202206 9.361 112.550 9.937
202209 9.031 112.740 9.570
202212 18.592 114.160 19.457
202303 10.174 116.790 10.407
202306 9.599 117.650 9.747
202309 9.902 118.260 10.003
202312 21.468 118.390 21.664
202403 10.097 119.470 10.097

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  (LTS:0HB5) 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 (LTS:0HB5) 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.

BNP Paribas (LTS:0HB5) Headlines

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