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AZIHF (Azimut Holding SpA) Cyclically Adjusted PB Ratio : 4.15 (As of May. 31, 2025)


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What is Azimut Holding SpA Cyclically Adjusted PB Ratio?

As of today (2025-05-31), Azimut Holding SpA's current share price is $30.82. Azimut Holding SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $7.43. Azimut Holding SpA's Cyclically Adjusted PB Ratio for today is 4.15.

The historical rank and industry rank for Azimut Holding SpA's Cyclically Adjusted PB Ratio or its related term are showing as below:

AZIHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.36   Med: 3.64   Max: 5.71
Current: 3.42

During the past years, Azimut Holding SpA's highest Cyclically Adjusted PB Ratio was 5.71. The lowest was 2.36. And the median was 3.64.

AZIHF's Cyclically Adjusted PB Ratio is ranked worse than
91.06% of 940 companies
in the Asset Management industry
Industry Median: 0.795 vs AZIHF: 3.42

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.

Azimut Holding SpA's adjusted book value per share data for the three months ended in Dec. 2024 was $14.222. 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 $7.43 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Azimut Holding SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Azimut Holding 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.

* Premium members only.

Azimut Holding SpA Cyclically Adjusted PB Ratio Chart

Azimut Holding SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.99 4.89 3.39 3.48 3.18

Azimut Holding 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 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 3.62 3.08 3.16 3.18 -

Competitive Comparison of Azimut Holding SpA's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Azimut Holding 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.


Azimut Holding SpA's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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


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Azimut Holding 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.

Azimut Holding SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.82/7.43
=4.15

* 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.

Azimut Holding SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Azimut Holding 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)
=14.222/121.2000*121.2000
=14.222

Current CPI (Dec. 2024) = 121.2000.

Azimut Holding SpA Quarterly Data

Book Value per Share CPI Adj_Book
201503 5.802 99.814 7.045
201506 5.121 100.279 6.189
201509 5.282 100.000 6.402
201512 5.470 99.814 6.642
201603 5.679 99.600 6.911
201606 5.269 99.900 6.392
201609 5.697 100.100 6.898
201612 4.634 100.300 5.600
201703 5.055 101.000 6.066
201706 3.962 101.100 4.750
201709 4.666 101.200 5.588
201712 5.023 101.200 6.016
201803 5.515 101.800 6.566
201806 4.630 102.400 5.480
201809 4.806 102.600 5.677
201812 4.848 102.300 5.744
201903 5.529 102.800 6.519
201906 4.680 103.100 5.502
201909 5.131 102.900 6.044
201912 5.895 102.800 6.950
202003 6.056 102.900 7.133
202006 5.350 102.900 6.301
202009 6.211 102.300 7.358
202012 7.620 102.600 9.001
202103 8.445 103.700 9.870
202106 7.359 104.200 8.560
202109 7.638 104.900 8.825
202112 9.572 106.600 10.883
202203 10.049 110.400 11.032
202206 9.093 112.500 9.796
202209 9.308 114.200 9.879
202212 10.850 119.000 11.051
202303 11.517 118.800 11.750
202306 11.781 119.700 11.929
202309 12.458 120.300 12.551
202312 12.213 119.700 12.366
202403 13.041 120.200 13.149
202406 12.605 120.700 12.657
202409 13.782 121.200 13.782
202412 14.222 121.200 14.222

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.


Azimut Holding SpA  (OTCPK:AZIHF) 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.


Azimut Holding SpA Cyclically Adjusted PB Ratio Related Terms

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Azimut Holding SpA Business Description

Traded in Other Exchanges
Address
Via Cusani 4, Milan, ITA, 20121
Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.