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Tamburi Investment Partners SpA (MIL:TIP) Cyclically Adjusted Book per Share : €5.73 (As of Dec. 2024)


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What is Tamburi Investment Partners 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.

Tamburi Investment Partners SpA's adjusted book value per share for the three months ended in Dec. 2024 was €8.395. 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 €5.73 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Tamburi Investment Partners SpA's average Cyclically Adjusted Book Growth Rate was 12.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.60% 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 Tamburi Investment Partners SpA was 19.50% per year. The lowest was 14.80% per year. And the median was 18.10% per year.

As of today (2025-05-23), Tamburi Investment Partners SpA's current stock price is €7.91. Tamburi Investment Partners SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €5.73. Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio of today is 1.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tamburi Investment Partners SpA was 3.06. The lowest was 1.20. And the median was 2.15.


Tamburi Investment Partners SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tamburi Investment Partners 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.

Tamburi Investment Partners SpA Cyclically Adjusted Book per Share Chart

Tamburi Investment Partners SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.98 3.59 4.52 5.09 5.73

Tamburi Investment Partners SpA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.26 5.42 5.58 5.73 -

Competitive Comparison of Tamburi Investment Partners SpA's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Tamburi Investment Partners 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.


Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Tamburi Investment Partners 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, Tamburi Investment Partners 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)
=8.395/121.2000*121.2000
=8.395

Current CPI (Dec. 2024) = 121.2000.

Tamburi Investment Partners SpA Quarterly Data

Book Value per Share CPI Adj_Book
201503 2.653 99.814 3.221
201506 2.656 100.279 3.210
201509 2.599 100.000 3.150
201512 2.474 99.814 3.004
201603 2.364 99.600 2.877
201606 2.406 99.900 2.919
201609 2.632 100.100 3.187
201612 2.872 100.300 3.470
201703 3.297 101.000 3.956
201706 3.312 101.100 3.970
201709 3.798 101.200 4.549
201712 3.992 101.200 4.781
201803 4.190 101.800 4.988
201806 4.559 102.400 5.396
201809 4.376 102.600 5.169
201812 3.990 102.300 4.727
201903 4.403 102.800 5.191
201906 4.535 103.100 5.331
201909 4.717 102.900 5.556
201912 5.092 102.800 6.003
202003 3.837 102.900 4.519
202006 4.480 102.900 5.277
202009 5.052 102.300 5.985
202012 5.707 102.600 6.742
202103 5.609 103.700 6.556
202106 6.371 104.200 7.410
202109 6.397 104.900 7.391
202112 7.249 106.600 8.242
202203 6.645 110.400 7.295
202206 6.075 112.500 6.545
202209 6.571 114.200 6.974
202212 7.003 119.000 7.132
202303 7.536 118.800 7.688
202306 7.768 119.700 7.865
202309 7.376 120.300 7.431
202312 8.274 119.700 8.378
202403 8.515 120.200 8.586
202406 8.226 120.700 8.260
202409 7.913 121.200 7.913
202412 8.395 121.200 8.395

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


Tamburi Investment Partners SpA  (MIL:TIP) 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.

Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.91/5.73
=1.38

* 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 Tamburi Investment Partners SpA was 3.06. The lowest was 1.20. And the median was 2.15.


Be Aware

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


Tamburi Investment Partners SpA Cyclically Adjusted Book per Share Related Terms

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


Tamburi Investment Partners SpA Business Description

Traded in Other Exchanges
Address
Via Pontaccio 10, Milan, ITA, 20121
Tamburi Investment Partners SpA is an independent investment merchant bank. It is engaged in minority investments and advisory in corporate finance transactions. The company involves in listed and unlisted companies as a shareholder for the transactions below certain benchmarks and also in corporate finance operations in particular acquisitions and sales through the division.

Tamburi Investment Partners SpA Headlines

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