Rcs Mediagroup (FRA:HPI2) Cyclically Adjusted PB Ratio: 1.49 (As of Jul. 15, 2026) — 18% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

FRA:HPI2 Rcs Mediagroup FRA:HPI2
51 GF Score
Price €0.94
GF Value €0.76
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Rcs Mediagroup Cyclically Adjusted PB Ratio?

Rcs Mediagroup FRA:HPI2 +1.18% 51 Cyclically Adjusted PB Ratio is 1.49 as of Jul. 15, 2026, which is 18% above its 10-year median of 1.26. GuruFocus rates FRA:HPI2 with a GF Score™ of 51/100 and a GF Value™ of €0.76 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 722 Media - Diversified companies, Rcs Mediagroup ranks worse than 64.68% on this metric.

As of today (2026-07-15), Rcs Mediagroup's current share price is €0.94. Rcs Mediagroup's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.63. Rcs Mediagroup's Cyclically Adjusted PB Ratio for today is 1.49.

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

FRA:HPI2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.26   Max: 1.99
Current: 1.46

During the past years, Rcs Mediagroup's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.45. And the median was 1.26.

FRA:HPI2's Cyclically Adjusted PB Ratio is ranked worse than
64.68% of 722 companies
in the Media - Diversified industry
Industry Median: 0.99 vs FRA:HPI2: 1.46

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.

Rcs Mediagroup's adjusted book value per share data for the three months ended in Mar. 2026 was €0.889. 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 €0.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rcs Mediagroup  (FRA:HPI2) 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.


Rcs Mediagroup Cyclically Adjusted PB Ratio Related Terms


Rcs Mediagroup Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rcs Mediagroup'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.

Rcs Mediagroup Cyclically Adjusted PB Ratio Chart

Rcs Mediagroup 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 1.64 1.29 1.35 1.56 1.58

Rcs Mediagroup Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.73 1.69 1.71 1.58 1.45

FRA:HPI2 vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Rcs Mediagroup'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.


Rcs Mediagroup Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Rcs Mediagroup's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:HPI2
51GF Score
Rcs Mediagroup FRA:HPI2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rcs Mediagroup 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.

Rcs Mediagroup's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.94/0.63
=1.49

* 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.

Rcs Mediagroup's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Rcs Mediagroup's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.889/124.5600*124.5600
=0.889

Current CPI (Mar. 2026) = 124.5600.

Rcs Mediagroup Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.173 99.900 0.216
201609 0.145 100.100 0.180
201612 0.186 100.300 0.231
201703 0.176 101.000 0.217
201706 0.235 101.100 0.290
201709 0.226 101.200 0.278
201712 0.329 101.200 0.405
201803 0.342 101.800 0.418
201806 0.418 102.400 0.508
201809 0.431 102.600 0.523
201812 0.489 102.300 0.595
201903 0.000 102.800 0.000
201906 0.485 103.100 0.586
201909 0.489 102.900 0.592
201912 0.540 102.800 0.654
202003 0.528 102.900 0.639
202006 0.517 102.900 0.626
202009 0.525 102.300 0.639
202012 0.600 102.600 0.728
202103 0.596 103.700 0.716
202106 0.645 104.200 0.771
202109 0.660 104.900 0.784
202112 0.711 106.600 0.831
202203 0.710 110.400 0.801
202206 0.699 112.500 0.774
202209 0.699 114.200 0.762
202212 0.754 119.000 0.789
202303 0.750 118.800 0.786
202306 0.752 119.700 0.783
202309 0.746 120.300 0.772
202312 0.802 119.700 0.835
202403 0.799 120.200 0.828
202406 0.797 120.700 0.822
202409 0.793 121.200 0.815
202412 0.853 121.200 0.877
202503 0.852 122.500 0.866
202506 0.851 122.700 0.864
202509 0.844 123.100 0.854
202512 0.889 122.600 0.903
202603 0.889 124.560 0.889

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.

What does a Cyclically Adjusted PB Ratio of 1.49 mean?
Rcs Mediagroup (FRA:HPI2) has a Cyclically Adjusted PB Ratio of 1.49 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Rcs Mediagroup and its competitors. This is 18% above median its historical median of 1.26. Over the past decade, Rcs Mediagroup's Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.99. According to the industry distribution chart, Rcs Mediagroup ranks #467 out of 722 companies in the Media - Diversified industry, placing it in the top 64.7%.
Is Rcs Mediagroup's Cyclically Adjusted PB Ratio too high?
Rcs Mediagroup's current Cyclically Adjusted PB Ratio of 1.49 is 18% above median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.99. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. Rcs Mediagroup's value of 1.49 is 50.5% above this industry median. Based on the distribution chart, Rcs Mediagroup ranks #467 out of 722 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Rcs Mediagroup has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rcs Mediagroup's Cyclically Adjusted PB Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Rcs Mediagroup ranks #467 out of 722 companies for Cyclically Adjusted PB Ratio. This places Rcs Mediagroup in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. Rcs Mediagroup's value of 1.49 is 50.5% above this benchmark. Historically, Rcs Mediagroup's own Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.99 over the past decade. While the company's 10-year median is 1.26 vs. the industry median of 0.99, Rcs Mediagroup has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 722 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rcs Mediagroup's current Cyclically Adjusted PB Ratio of 1.49 is 50.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Rcs Mediagroup and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rcs Mediagroup's current Cyclically Adjusted PB Ratio is 1.49, which is 18% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rcs Mediagroup stock overvalued right now?
Based on GuruFocus' analysis, Rcs Mediagroup (FRA:HPI2) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.76, compared to a current price of €0.94 — trading 23.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.49, which is 18% above median its 10-year median of 1.26 and 50.5% above the Media - Diversified industry median of 0.99. Rcs Mediagroup's overall GF Score™ is 51/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Rcs Mediagroup (FRA:HPI2), the current Cyclically Adjusted PB Ratio is 1.49 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Rcs Mediagroup (FRA:HPI2) Overvalued in 2026?

Based on GuruFocus' analysis, Rcs Mediagroup stock appears to be overvalued. The current stock price of €0.94 is trading 23.7% above its estimated GF Value™ of €0.76. GuruFocus considers Rcs Mediagroup to be Modestly Overvalued.

Key valuation signals for FRA:HPI2:

  • Cyclically Adjusted PB Ratio: 1.49 (18% above median its 10-year median of 1.26)
  • GF Value™: €0.76 vs. price of €0.94 (23.7% above fair value)
  • GF Score™: 51/100 with 2 warning signs
  • Industry Position: 50.5% above the Media - Diversified median (#467 of 722)

No single metric tells the full story. See the FRA:HPI2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rcs Mediagroup Business Description

Other Exchanges RZSMF:USARCS:Italy0QEJ:UK
Address Via Angelo Rizzoli, 8, MIlan, ITA, 20132
Rcs Mediagroup is a publishing company. It prints newspapers in Italy and Spain and is active in magazines, television, radio and new media, as well as one of the top operators in the advertising sales and distribution market. The company operates in daily newspapers, books, radio broadcasting, new media and digital and satellite TV, organizes important sporting events and is among the operators in advertising sales and distribution in Italy and Spain. Its operating business segments are Newspapers Italy, Magazines Italy, Advertising and Sport, Unidad Editorial, and Corporate and Other Activities, with maximum revenue from the Newspapers segment. Geographically, the company operates in Italy, Spain, and Other countries. The maximum revenue is derived from Italy.
51GF Score

Get the complete analysis for FRA:HPI2

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

€0.94
Price
€0.76
GF Value