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Mediobanca SpA (Mediobanca SpA) Cyclically Adjusted PB Ratio : 1.20 (As of Jun. 10, 2024)


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What is Mediobanca SpA Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Mediobanca SpA's current share price is $15.39. Mediobanca SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $12.84. Mediobanca SpA's Cyclically Adjusted PB Ratio for today is 1.20.

The historical rank and industry rank for Mediobanca SpA's Cyclically Adjusted PB Ratio or its related term are showing as below:

MDIBY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 0.96   Max: 1.31
Current: 1.23

During the past years, Mediobanca SpA's highest Cyclically Adjusted PB Ratio was 1.31. The lowest was 0.73. And the median was 0.96.

MDIBY's Cyclically Adjusted PB Ratio is ranked worse than
70.94% of 1194 companies
in the Banks industry
Industry Median: 0.91 vs MDIBY: 1.23

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Mediobanca SpA's adjusted book value per share data for the three months ended in Dec. 2023 was $14.288. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $12.84 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mediobanca SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mediobanca SpA's Cyclically Adjusted PB 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.

Mediobanca SpA Cyclically Adjusted PB Ratio Chart

Mediobanca SpA Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.67 1.00 0.77 0.95

Mediobanca SpA Quarterly Data
Dec15 Mar16 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Cyclically Adjusted PB 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 - 0.79 0.95 1.08 0.96

Competitive Comparison of Mediobanca SpA's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Mediobanca SpA's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Mediobanca SpA's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mediobanca SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mediobanca SpA's Cyclically Adjusted PB Ratio falls into.



Mediobanca SpA Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Mediobanca SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.39/12.84
=1.20

* 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.

Mediobanca SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Mediobanca SpA's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=14.288/119.7000*119.7000
=14.288

Current CPI (Dec. 2023) = 119.7000.

Mediobanca SpA Quarterly Data

Book Value per Share CPI Adj_Book
201012 10.779 93.755 13.762
201103 11.616 94.791 14.668
201106 11.801 95.442 14.800
201109 10.637 96.000 13.263
201112 9.529 96.837 11.779
201203 9.855 97.954 12.043
201206 9.470 98.605 11.496
201209 10.161 99.070 12.277
201212 10.954 99.070 13.235
201303 11.038 99.535 13.274
201306 10.691 99.814 12.821
201309 11.159 100.000 13.357
201312 11.849 99.721 14.223
201403 12.299 99.907 14.736
201406 12.595 100.093 15.062
201409 12.068 99.814 14.472
201412 11.592 99.721 13.914
201503 10.757 99.814 12.900
201506 11.546 100.279 13.782
201509 11.164 100.000 13.363
201512 10.771 99.814 12.917
201603 11.267 99.600 13.541
201606 11.604 99.900 13.904
201612 11.141 100.300 13.296
201706 11.826 101.100 14.002
201712 12.571 101.200 14.869
201806 12.835 102.400 15.003
201812 11.923 102.300 13.951
201906 12.713 103.100 14.760
201912 13.117 102.800 15.273
202006 12.625 102.900 14.686
202012 14.781 102.600 17.245
202106 15.386 104.200 17.675
202112 14.405 106.600 16.175
202206 13.417 112.500 14.276
202209 0.000 114.200 0.000
202212 12.101 119.000 12.172
202306 14.593 119.700 14.593
202309 13.773 120.300 13.704
202312 14.288 119.700 14.288

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Mediobanca SpA  (OTCPK:MDIBY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Mediobanca SpA Cyclically Adjusted PB Ratio Related Terms

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Mediobanca SpA (Mediobanca SpA) Business Description

Traded in Other Exchanges
Address
Piazzetta Enrico Cuccia 1, Milan, ITA, 20121
Mediobanca SpA is an Italian banking group that was founded as a pure investment bank. It has three operating units: corporate and investment banking, consumer finance, and wealth management. Historically, Mediobanca had a majority portfolio of equity investments in some of its clients. After a period of aggressively selling assets in its principal investments division, its stake in Italy's insurer, Generali, now makes by far the bulk of Mediobanca's principal investments portfolio.