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MDIBY (Mediobanca SpA) Cyclically Adjusted Book per Share : $12.20 (As of Dec. 2024)


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What is Mediobanca SpA Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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 for the three months ended in Dec. 2024 was $14.309. 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 $12.20 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Mediobanca SpA's average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Mediobanca SpA was 6.70% per year. The lowest was 6.50% per year. And the median was 6.60% per year.

As of today (2025-05-21), Mediobanca SpA's current stock price is $23.65. Mediobanca SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $12.20. Mediobanca SpA's Cyclically Adjusted PB Ratio of today is 1.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mediobanca SpA was 1.74. The lowest was 0.73. And the median was 1.06.


Mediobanca SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mediobanca SpA's Cyclically Adjusted Book per Share 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 Book per Share Chart

Mediobanca SpA Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.59 11.58 11.15 12.59 12.68

Mediobanca SpA Quarterly Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
Cyclically Adjusted Book per Share 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 12.27 12.84 12.68 13.21 12.20

Competitive Comparison of Mediobanca SpA's Cyclically Adjusted Book per Share

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.


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Mediobanca SpA Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Mediobanca SpA's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=14.309/121.2000*121.2000
=14.309

Current CPI (Dec. 2024) = 121.2000.

Mediobanca SpA Quarterly Data

Book Value per Share CPI Adj_Book
201109 10.637 96.000 13.429
201112 9.529 96.837 11.926
201203 9.855 97.954 12.194
201206 9.470 98.605 11.640
201209 10.161 99.070 12.431
201212 10.954 99.070 13.401
201303 11.038 99.535 13.441
201306 10.691 99.814 12.982
201309 11.175 100.000 13.544
201312 11.849 99.721 14.401
201403 12.299 99.907 14.920
201406 12.595 100.093 15.251
201409 12.068 99.814 14.654
201412 11.592 99.721 14.089
201503 10.757 99.814 13.062
201506 11.546 100.279 13.955
201509 11.164 100.000 13.531
201512 10.771 99.814 13.079
201603 11.267 99.600 13.710
201606 11.604 99.900 14.078
201612 11.141 100.300 13.463
201706 11.826 101.100 14.177
201712 12.571 101.200 15.055
201806 12.835 102.400 15.191
201812 11.923 102.300 14.126
201906 12.713 103.100 14.945
201912 13.117 102.800 15.465
202006 12.625 102.900 14.870
202012 14.781 102.600 17.461
202106 15.386 104.200 17.896
202112 14.405 106.600 16.378
202206 13.417 112.500 14.455
202209 0.000 114.200 0.000
202212 12.101 119.000 12.325
202306 14.593 119.700 14.776
202309 13.773 120.300 13.876
202312 14.288 119.700 14.467
202406 14.528 120.700 14.588
202409 14.815 121.200 14.815
202412 14.309 121.200 14.309

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


Mediobanca SpA  (OTCPK:MDIBY) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.65/12.20
=1.94

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mediobanca SpA was 1.74. The lowest was 0.73. And the median was 1.06.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Mediobanca SpA Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Mediobanca SpA's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Mediobanca SpA Business Description

Industry
Address
Piazzetta Enrico Cuccia 1, Milan, ITA, 20121
Mediobanca SpA is an Italian investment bank. It has four operating units: Corporate and Investment Banking, Consumer Finance, Wealth Management, and Insurance - Principal Investing. It generates the majority of its revenue from the Consumer Finance division which comprises personal and finalized loans, cards and accounts, and home insurance. It operates through a network of branch offices, ATMs, online portals, and other direct sales forces in Europe and the Americas.It operates through a network of branch offices, ATMs, online portals, and other direct sales forces in Europe and the Americas.