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Tamburi Investment Partners SpA (MIL:TIP) Cyclically Adjusted Book per Share : €5.08 (As of Mar. 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 Mar. 2024 was €8.229. 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 €5.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tamburi Investment Partners SpA's average Cyclically Adjusted Book Growth Rate was 13.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.40% 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 14.90% per year. And the median was 19.40% per year.

As of today (2024-06-13), Tamburi Investment Partners SpA's current stock price is €9.55. Tamburi Investment Partners SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €5.08. Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio of today is 1.88.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tamburi Investment Partners SpA was 3.06. The lowest was 1.54. And the median was 2.29.


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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.57 2.88 3.47 4.37 4.92

Tamburi Investment Partners SpA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.49 4.66 4.81 4.92 5.08

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.



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 Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.229/120.2000*120.2000
=8.229

Current CPI (Mar. 2024) = 120.2000.

Tamburi Investment Partners SpA Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.987 100.093 2.386
201409 1.922 99.814 2.315
201412 1.995 99.721 2.405
201503 2.564 99.814 3.088
201506 2.567 100.279 3.077
201509 2.511 100.000 3.018
201512 2.391 99.814 2.879
201603 2.284 99.600 2.756
201606 2.325 99.900 2.797
201609 2.544 100.100 3.055
201612 2.776 100.300 3.327
201703 3.187 101.000 3.793
201706 3.201 101.100 3.806
201709 3.670 101.200 4.359
201712 3.858 101.200 4.582
201803 4.049 101.800 4.781
201806 4.406 102.400 5.172
201809 4.229 102.600 4.954
201812 3.856 102.300 4.531
201903 4.255 102.800 4.975
201906 4.382 103.100 5.109
201909 4.558 102.900 5.324
201912 4.921 102.800 5.754
202003 3.708 102.900 4.331
202006 4.329 102.900 5.057
202009 4.882 102.300 5.736
202012 5.515 102.600 6.461
202103 5.421 103.700 6.284
202106 6.157 104.200 7.102
202109 6.182 104.900 7.084
202112 7.006 106.600 7.900
202203 6.422 110.400 6.992
202206 5.871 112.500 6.273
202209 6.350 114.200 6.684
202212 6.768 119.000 6.836
202303 7.283 118.800 7.369
202306 7.507 119.700 7.538
202309 7.128 120.300 7.122
202312 7.996 119.700 8.029
202403 8.229 120.200 8.229

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
=9.55/5.08
=1.88

* 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 1.54. And the median was 2.29.


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 (MIL:TIP) 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 (MIL:TIP) Headlines

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