Arnoldo Mondadori Editore SpA (FRA:MDD) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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FRA:MDD Arnoldo Mondadori Editore SpA FRA:MDD
84 GF Score
Price €2.05
GF Value €2.27
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Arnoldo Mondadori Editore SpA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Arnoldo Mondadori Editore SpA  (FRA:MDD) 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.


Arnoldo Mondadori Editore SpA Cyclically Adjusted PB Ratio Related Terms


Arnoldo Mondadori Editore SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arnoldo Mondadori Editore 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.

Arnoldo Mondadori Editore SpA Cyclically Adjusted PB Ratio Chart

Arnoldo Mondadori Editore 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 1.79 1.60 1.87 1.85 1.91

Arnoldo Mondadori Editore 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 1.99 1.88 1.95 1.84 1.83

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

For the Publishing subindustry, Arnoldo Mondadori Editore 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.


Arnoldo Mondadori Editore SpA Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


FRA:MDD
84GF Score
Arnoldo Mondadori Editore SpA FRA:MDD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arnoldo Mondadori Editore 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.

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

For example, Arnoldo Mondadori Editore 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)
=1.137/126.4000*126.4000
=1.137

Current CPI (Jun. 2026) = 126.4000.

Arnoldo Mondadori Editore SpA Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.185 100.100 1.496
201612 1.216 100.300 1.532
201703 1.183 101.000 1.481
201706 1.237 101.100 1.547
201709 1.325 101.200 1.655
201712 1.325 101.200 1.655
201803 1.274 101.800 1.582
201806 1.286 102.400 1.587
201809 0.630 102.600 0.776
201812 0.656 102.300 0.811
201903 0.648 102.800 0.797
201906 0.656 103.100 0.804
201909 0.640 102.900 0.786
201912 0.658 102.800 0.809
202003 0.588 102.900 0.722
202006 0.559 102.900 0.687
202009 0.722 102.300 0.892
202012 0.664 102.600 0.818
202103 0.632 103.700 0.770
202106 0.682 104.200 0.827
202109 0.857 104.900 1.033
202112 0.843 106.600 1.000
202203 0.813 110.400 0.931
202206 0.805 112.500 0.904
202209 1.037 114.200 1.148
202212 1.002 119.000 1.064
202303 0.978 118.800 1.041
202306 0.924 119.700 0.976
202309 1.133 120.300 1.190
202312 1.110 119.700 1.172
202403 1.077 120.200 1.133
202406 1.002 120.700 1.049
202409 1.196 121.200 1.247
202412 1.216 121.200 1.268
202503 1.161 122.500 1.198
202506 1.079 122.700 1.112
202509 1.266 123.100 1.300
202512 1.279 122.600 1.319
202603 1.224 124.560 1.242
202606 1.137 126.400 1.137

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 Arnoldo Mondadori Editore SpA (FRA:MDD) Overvalued in 2026?

Based on GuruFocus' analysis, Arnoldo Mondadori Editore SpA stock appears to be undervalued. The current stock price of €2.05 is trading 9.7% below its estimated GF Value™ of €2.27. GuruFocus considers Arnoldo Mondadori Editore SpA to be Modestly Undervalued.

Key valuation signals for FRA:MDD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.27 vs. price of €2.05 (9.7% below fair value)
  • GF Score™: 84/100 with 3 warning signs

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


Arnoldo Mondadori Editore SpA Business Description

Address Strada privata Mondadori 19, Segrate, Milan, ITA
Arnoldo Mondadori Editore SpA is a European publishing group. It publishes books and magazines and operates retail bookstores across Italy. Books are fiction, and non-fiction, for the young genres. Magazines published are in various fields for both men and women. The company's operating segment includes Trade Books; Education Books; Retail; Media; Corporate and Shared Services. It generates maximum revenue from the Books segment.
84GF Score

Get the complete analysis for FRA:MDD

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

€2.05
Price
€2.27
GF Value