I took all results available in Fundamentus for BBAS3. It's exactly 8 years of data.
Then I calculated quarterly return (ROE) and after that I excluded the best 8 quarters.
For the remaining 6 years of worst returns I get an average ROE of 23%.
That applied to the current net equity would generate BRL 12 billions.
So BBAS3 can be bought for just 6 times its average earnings.
Also, Banco do Brasil has been distributing average dividends since 2008 of BRL 3.5 billions per year, wich gives a yield of 6.7% (I discounted 15% of all values, because de series doesn't shows what is dividend and what is JCP).
In short: Fundamentus data for BBAS3 are not distorted in relation to historical mean.
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