AMFPY (Amplifon SpA) Cyclically Adjusted PB Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

AMFPY Amplifon SpA AMFPY
61 GF Score
Price $46.67
GF Value $91.23
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Amplifon SpA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Amplifon SpA  (OTCPK:AMFPY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Amplifon SpA Cyclically Adjusted PB Ratio Related Terms


Amplifon SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amplifon SpA's Cyclically Adjusted PB Ratio 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.

Amplifon SpA Cyclically Adjusted PB Ratio Chart

Amplifon SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.82 8.67 9.01 6.56 3.41

Amplifon SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 5.05 3.46 3.41 2.27 2.22

AMFPY vs MCK, COR, CAH: Cyclically Adjusted PB Ratio Comparison

For the Medical Distribution subindustry, Amplifon 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.


Amplifon SpA Cyclically Adjusted PB Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Amplifon SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


AMFPY
61GF Score
Amplifon SpA AMFPY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amplifon SpA Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Amplifon SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Amplifon SpA's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=26.249/126.4000*126.4000
=26.249

Current CPI (Jun. 2026) = 126.4000.

Amplifon SpA Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.784 100.100 13.617
201612 10.726 100.300 13.517
201703 11.331 101.000 14.181
201706 11.488 101.100 14.363
201709 11.957 101.200 14.934
201712 12.714 101.200 15.880
201803 12.099 101.800 15.023
201806 11.690 102.400 14.430
201809 11.860 102.600 14.611
201812 12.270 102.300 15.161
201903 12.845 102.800 15.794
201906 12.692 103.100 15.560
201909 12.567 102.900 15.437
201912 13.845 102.800 17.023
202003 13.174 102.900 16.183
202006 14.085 102.900 17.302
202009 15.235 102.300 18.824
202012 17.338 102.600 21.360
202103 17.617 103.700 21.473
202106 17.829 104.200 21.628
202109 17.507 104.900 21.095
202112 18.587 106.600 22.039
202203 19.203 110.400 21.986
202206 18.441 112.500 20.719
202209 18.034 114.200 19.961
202212 19.596 119.000 20.815
202303 19.950 118.800 21.226
202306 20.000 119.700 21.119
202309 20.251 120.300 21.278
202312 21.273 119.700 22.464
202403 21.866 120.200 22.994
202406 21.670 120.700 22.693
202409 22.013 121.200 22.957
202412 21.377 121.200 22.294
202503 21.930 122.500 22.628
202506 21.081 122.700 21.717
202509 20.702 123.100 21.257
202512 21.258 122.600 21.917
202603 22.632 124.560 22.966
202606 26.249 126.400 26.249

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

Is Amplifon SpA (AMFPY) Overvalued in 2026?

Based on GuruFocus' analysis, Amplifon SpA stock appears to be undervalued. The current stock price of $46.67 is trading 48.8% below its estimated GF Value™ of $91.23. GuruFocus considers Amplifon SpA to be Possible Value Trap.

Key valuation signals for AMFPY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $91.23 vs. price of $46.67 (48.8% below fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the AMFPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amplifon SpA Business Description

Address Via Ripamonti, 133, Milano, ITA, 20141
Amplifon SpA provides customizable hearing solutions and services through a distribution network of network affiliates, corporate shops, franchises, and shop-in-shops. The company operates in three segments based on geography: the Americas; Europe, the Middle East, and Africa; and Asia-Pacific. It generates the majority of its revenue in the EMEA region. It operates under a variety of brands in these regions, including Amplifon, Beter Horen, Maxtone, and Miracle-Ear.
61GF Score

Get the complete analysis for AMFPY

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.67
Price
$91.23
GF Value