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Banco BPM SpA (FRA:BPM) Cyclically Adjusted PB Ratio : 0.50 (As of Jun. 01, 2025)


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What is Banco BPM SpA Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Banco BPM SpA's current share price is €10.095. Banco BPM SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €20.36. Banco BPM SpA's Cyclically Adjusted PB Ratio for today is 0.50.

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

FRA:BPM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.13   Max: 0.5
Current: 0.5

During the past years, Banco BPM SpA's highest Cyclically Adjusted PB Ratio was 0.50. The lowest was 0.06. And the median was 0.13.

FRA:BPM's Cyclically Adjusted PB Ratio is ranked better than
84.63% of 1282 companies
in the Banks industry
Industry Median: 1.01 vs FRA:BPM: 0.50

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.

Banco BPM SpA's adjusted book value per share data for the three months ended in Dec. 2024 was €9.727. 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 €20.36 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco BPM SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Banco BPM 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.

Banco BPM SpA Cyclically Adjusted PB Ratio Chart

Banco BPM 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 0.06 0.09 0.11 0.19 0.38

Banco BPM SpA Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.19 - 0.28 0.38 -

Competitive Comparison of Banco BPM SpA's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Banco BPM 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.


Banco BPM SpA's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banco BPM SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Banco BPM 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.

Banco BPM SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.095/20.36
=0.50

* 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.

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

For example, Banco BPM 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)
=9.727/121.2000*121.2000
=9.727

Current CPI (Dec. 2024) = 121.2000.

Banco BPM SpA Quarterly Data

Book Value per Share CPI Adj_Book
201106 38.543 95.442 48.945
201109 37.596 96.000 47.465
201112 28.784 96.837 36.026
201203 29.800 97.954 36.872
201206 29.403 98.605 36.141
201209 30.000 99.070 36.701
201212 27.459 99.070 33.593
201303 27.704 99.535 33.734
201306 28.239 99.814 34.289
201309 28.265 100.000 34.257
201312 26.057 99.721 31.669
201403 26.093 99.907 31.654
201406 20.397 100.093 24.698
201409 20.226 99.814 24.560
201412 16.524 99.721 20.083
201503 17.251 99.814 20.947
201506 17.251 100.279 20.850
201509 17.595 100.000 21.325
201512 17.404 99.814 21.133
201606 10.750 99.900 13.042
201612 9.152 100.300 11.059
201706 8.177 101.100 9.803
201712 7.877 101.200 9.434
201806 7.170 102.400 8.486
201812 6.789 102.300 8.043
201906 7.457 103.100 8.766
201912 7.847 102.800 9.252
202006 8.092 102.900 9.531
202012 8.101 102.600 9.570
202106 8.546 104.200 9.940
202112 8.663 106.600 9.849
202206 8.488 112.500 9.144
202209 0.000 114.200 0.000
202212 8.625 119.000 8.784
202306 8.877 119.700 8.988
202309 9.028 120.300 9.096
202312 9.308 119.700 9.425
202403 0.000 120.200 0.000
202406 9.132 120.700 9.170
202412 9.727 121.200 9.727

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.


Banco BPM SpA  (FRA:BPM) 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.


Banco BPM SpA Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Banco BPM SpA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Banco BPM SpA Business Description

Industry
Traded in Other Exchanges
Address
Piazza F. Meda, Milan, ITA, 20121
Banco BPM SpA is a financial services provider. It offers services including retail banking, corporate banking and private and investment banking/asset management.

Banco BPM SpA Headlines

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