GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Monte dei Paschi di Siena (STU:MPI0) » Definitions » Cyclically Adjusted Book per Share

Banca Monte dei Paschi di Siena (STU:MPI0) Cyclically Adjusted Book per Share : €1,658.54 (As of Mar. 2025)


View and export this data going back to . Start your Free Trial

What is Banca Monte dei Paschi di Siena 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.

Banca Monte dei Paschi di Siena's adjusted book value per share for the three months ended in Mar. 2025 was €9.565. 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 €1,658.54 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Banca Monte dei Paschi di Siena's average Cyclically Adjusted Book Growth Rate was -49.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -44.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -43.60% 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 Banca Monte dei Paschi di Siena was -38.20% per year. The lowest was -44.30% per year. And the median was -41.90% per year.

As of today (2025-05-29), Banca Monte dei Paschi di Siena's current stock price is €7.134. Banca Monte dei Paschi di Siena's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €1,658.54. Banca Monte dei Paschi di Siena's Cyclically Adjusted PB Ratio of today is 0.00.


Banca Monte dei Paschi di Siena Cyclically Adjusted Book per Share Historical Data

The historical data trend for Banca Monte dei Paschi di Siena'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.

Banca Monte dei Paschi di Siena Cyclically Adjusted Book per Share Chart

Banca Monte dei Paschi di Siena 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 12,489.68 6,447.07 7,667.11 4,097.27 1,955.60

Banca Monte dei Paschi di Siena 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 3,253.87 2,805.06 2,235.38 1,955.60 1,658.54

Competitive Comparison of Banca Monte dei Paschi di Siena's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Banca Monte dei Paschi di Siena'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.


Banca Monte dei Paschi di Siena's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banca Monte dei Paschi di Siena's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Banca Monte dei Paschi di Siena's Cyclically Adjusted PB Ratio falls into.


;
;

Banca Monte dei Paschi di Siena 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, Banca Monte dei Paschi di Siena'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)
=9.565/122.5000*122.5000
=9.565

Current CPI (Mar. 2025) = 122.5000.

Banca Monte dei Paschi di Siena Quarterly Data

Book Value per Share CPI Adj_Book
201506 6,937.876 100.279 8,475.244
201509 7,000.362 100.000 8,575.443
201512 6,820.502 99.814 8,370.684
201603 6,876.497 99.600 8,457.539
201606 7,056.645 99.900 8,653.043
201609 6,215.778 100.100 7,606.721
201612 4,566.749 100.300 5,577.535
201703 4,294.172 101.000 5,208.278
201706 2,166.098 101.100 2,624.599
201709 206.566 101.200 250.043
201712 196.839 101.200 238.269
201803 175.496 101.800 211.181
201806 169.762 102.400 203.084
201809 169.279 102.600 202.112
201812 169.714 102.300 203.225
201903 171.538 102.800 204.411
201906 176.215 103.100 209.373
201909 180.945 102.900 215.411
201912 156.260 102.800 186.205
202003 149.614 102.900 178.112
202006 135.107 102.900 160.842
202009 127.784 102.300 153.016
202012 124.479 102.600 148.623
202103 129.522 103.700 153.003
202106 130.814 104.200 153.788
202109 134.812 104.900 157.431
202112 128.311 106.600 147.449
202203 124.849 110.400 138.533
202206 121.327 112.500 132.112
202209 110.256 114.200 118.269
202212 6.240 119.000 6.424
202303 6.453 118.800 6.654
202306 6.747 119.700 6.905
202309 6.991 120.300 7.119
202312 7.921 119.700 8.106
202403 8.182 120.200 8.339
202406 8.570 120.700 8.698
202409 8.943 121.200 9.039
202412 9.247 121.200 9.346
202503 9.565 122.500 9.565

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


Banca Monte dei Paschi di Siena  (STU:MPI0) 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.

Banca Monte dei Paschi di Siena's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.134/1658.54
=0.00

* 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.


Be Aware

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


Banca Monte dei Paschi di Siena Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Banca Monte dei Paschi di Siena's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Banca Monte dei Paschi di Siena Business Description

Traded in Other Exchanges
Address
Piazza Salimbeni, 3, Siena, ITA, 53100
Banca Monte dei Paschi di Siena S.p.A. is a banking group operating in Italy, and mainly providing traditional retail and commercial banking services. The group is also active in other business areas such as leasing, factoring, corporate finance, and investment banking through its various subsidiaries. A majority of the group's net revenue is net interest income, followed by net fees and commission income. Loans to customers overwhelmingly constitute a majority of the bank's earning assets, approximately half of which are mortgages. The company's segment includes Retail banking, Wealth Management, Corporate banking, and Large Corp. & Investment Banking. The company generates majority of revenue from Retail and corporate banking segment.

Banca Monte dei Paschi di Siena Headlines

No Headlines