Trevi Finanziaria Industriale SpA (MIL:TFI) Cyclically Adjusted PB Ratio : 0.04 (As of May. 22, 2024)

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What is Trevi Finanziaria Industriale SpA Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Trevi Finanziaria Industriale SpA's current share price is €0.40. Trevi Finanziaria Industriale SpA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €9.14. Trevi Finanziaria Industriale SpA's Cyclically Adjusted PB Ratio for today is 0.04.

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

MIL:TFI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 2
Current: 0.04

During the past 13 years, Trevi Finanziaria Industriale SpA's highest Cyclically Adjusted PB Ratio was 2.00. The lowest was 0.02. And the median was 0.10.

MIL:TFI's Cyclically Adjusted PB Ratio is ranked better than
98.92% of 1204 companies
in the Construction industry
Industry Median: 1.12 vs MIL:TFI: 0.04

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.

Trevi Finanziaria Industriale SpA's adjusted book value per share data of for the fiscal year that ended in Dec23 was €0.476. 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 €9.14 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Trevi Finanziaria Industriale SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Trevi Finanziaria Industriale 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.

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Trevi Finanziaria Industriale SpA Cyclically Adjusted PB Ratio Chart

Trevi Finanziaria Industriale SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.06

0.02

0.03

Trevi Finanziaria Industriale SpA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.06	-	0.02	-	0.03

Competitive Comparison of Trevi Finanziaria Industriale SpA's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Trevi Finanziaria Industriale 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.

Trevi Finanziaria Industriale SpA's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Trevi Finanziaria Industriale SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Trevi Finanziaria Industriale 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.

Trevi Finanziaria Industriale SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.40	/	9.14
	=	0.04

Trevi Finanziaria Industriale SpA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Trevi Finanziaria Industriale SpA's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	0.476	/	119.7000	*	119.7000
	=	0.476

Current CPI (Dec23) = 119.7000.

Trevi Finanziaria Industriale SpA Annual Data

	Book Value per Share	CPI	Adj_Book
201412	36.265	99.721	43.531
201512	31.491	99.814	37.765
201612	26.411	100.300	31.519
201712	-0.082	101.200	-0.097
201812	-8.280	102.300	-9.688
201912	-12.252	102.800	-14.266
202012	0.784	102.600	0.915
202112	0.582	106.600	0.654
202212	0.570	119.000	0.573
202312	0.476	119.700	0.476

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.

Trevi Finanziaria Industriale SpA (MIL:TFI) 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.

Trevi Finanziaria Industriale SpA Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Trevi Finanziaria Industriale SpA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Trevi Finanziaria Industriale SpA (MIL:TFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trevi Finanziaria Industriale SpA (MIL:TFI) » Definitions » Cyclically Adjusted PB Ratio

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0G91:UK

Address

201, Via Larga, Cesena, ITA, 47522

Website

https://www.trevifin.com

Trevi Finanziaria Industriale SpA is the holding company. The company's segment includes Special foundation works and the Manufacture of special machinery for foundations. It generates maximum revenue from the Special foundation works segment. The geographical segment includes Italy; Europe; the USA and Canada; Latin America; Africa; the Middle East and Asia and the far east and the rest of the world. It derives a majority of its revenue from the USA and Canada. The group is also active in the sector of renewable energy, mainly wind energy.