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PITAF (Poste Italiane SpA) Cyclically Adjusted Book per Share : $7.45 (As of Mar. 2025)


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What is Poste Italiane 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.

Poste Italiane SpA's adjusted book value per share for the three months ended in Mar. 2025 was $10.038. 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 $7.45 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Poste Italiane SpA's average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.80% 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 Poste Italiane SpA was 8.80% per year. The lowest was 8.80% per year. And the median was 8.80% per year.

As of today (2025-05-17), Poste Italiane SpA's current stock price is $20.82. Poste Italiane SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $7.45. Poste Italiane SpA's Cyclically Adjusted PB Ratio of today is 2.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Poste Italiane SpA was 2.19. The lowest was 1.05. And the median was 1.40.


Poste Italiane SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Poste Italiane 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.

Poste Italiane SpA Cyclically Adjusted Book per Share Chart

Poste Italiane 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 - 8.02 6.85 9.43 8.63

Poste Italiane 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 9.17 9.33 8.88 8.63 7.45

Competitive Comparison of Poste Italiane SpA's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Poste Italiane 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.


Poste Italiane SpA's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Poste Italiane SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Poste Italiane 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, Poste Italiane SpA's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=10.038/122.5000*122.5000
=10.038

Current CPI (Mar. 2025) = 122.5000.

Poste Italiane SpA Quarterly Data

Book Value per Share CPI Adj_Book
201506 7.066 100.279 8.632
201509 7.851 100.000 9.617
201512 8.055 99.814 9.886
201603 8.216 99.600 10.105
201606 7.448 99.900 9.133
201609 7.757 100.100 9.493
201612 6.569 100.300 8.023
201703 5.982 101.000 7.255
201706 6.286 101.100 7.617
201709 7.061 101.200 8.547
201712 6.841 101.200 8.281
201803 9.088 101.800 10.936
201806 6.793 102.400 8.126
201809 6.522 102.600 7.787
201812 7.060 102.300 8.454
201903 6.841 102.800 8.152
201906 7.048 103.100 8.374
201909 8.745 102.900 10.411
201912 8.283 102.800 9.870
202003 7.407 102.900 8.818
202006 7.677 102.900 9.139
202009 9.476 102.300 11.347
202012 10.757 102.600 12.843
202103 11.337 103.700 13.392
202106 11.576 104.200 13.609
202109 11.489 104.900 13.417
202112 10.512 106.600 12.080
202203 10.227 110.400 11.348
202206 8.663 112.500 9.433
202209 7.246 114.200 7.773
202212 6.391 119.000 6.579
202303 7.648 118.800 7.886
202306 7.864 119.700 8.048
202309 7.366 120.300 7.501
202312 8.689 119.700 8.892
202403 9.164 120.200 9.339
202406 8.492 120.700 8.619
202409 10.219 121.200 10.329
202412 9.369 121.200 9.469
202503 10.038 122.500 10.038

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


Poste Italiane SpA  (OTCPK:PITAF) 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.

Poste Italiane SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.82/7.45
=2.79

* 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 Poste Italiane SpA was 2.19. The lowest was 1.05. And the median was 1.40.


Be Aware

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


Poste Italiane SpA Cyclically Adjusted Book per Share Related Terms

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


Poste Italiane SpA Business Description

Industry
Traded in Other Exchanges
Address
Viale Europa, 190, Rome, ITA, 00144
Poste Italiane SpA is an Italian diversified financial-services company. The company's reportable segments are Mail, parcels, and distribution; Payments and mobile; Financial services; and Insurance services. The Mail, parcels, and distribution segment includes letter post, express delivery, logistics, parcels, and philately. This Mail, parcels, and distribution segment generates the majority of revenue for Poste Italiane SpA. Geographically, the company has a presence in Italy, but also elsewhere in Europe, the Americas, and Asia.

Poste Italiane SpA Headlines

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