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UniCredit SpA (LTS:0RLS) Cyclically Adjusted PB Ratio : 1.49 (As of May. 25, 2025)


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What is UniCredit SpA Cyclically Adjusted PB Ratio?

As of today (2025-05-25), UniCredit SpA's current share price is €55.385. UniCredit SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €37.06. UniCredit SpA's Cyclically Adjusted PB Ratio for today is 1.49.

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

LTS:0RLS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.25   Max: 1.53
Current: 1.51

During the past years, UniCredit SpA's highest Cyclically Adjusted PB Ratio was 1.53. The lowest was 0.12. And the median was 0.25.

LTS:0RLS's Cyclically Adjusted PB Ratio is ranked worse than
75.35% of 1282 companies
in the Banks industry
Industry Median: 1.01 vs LTS:0RLS: 1.51

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.

UniCredit SpA's adjusted book value per share data for the three months ended in Mar. 2025 was €42.248. 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 €37.06 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


UniCredit SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for UniCredit 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.

UniCredit SpA Cyclically Adjusted PB Ratio Chart

UniCredit 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 0.17 0.35 0.33 0.66 1.05

UniCredit 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 0.94 0.93 1.06 1.05 1.40

Competitive Comparison of UniCredit SpA's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, UniCredit 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.


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

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

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


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UniCredit 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=55.385/37.06
=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.

UniCredit SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, UniCredit SpA's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=42.248/122.5000*122.5000
=42.248

Current CPI (Mar. 2025) = 122.5000.

UniCredit SpA Quarterly Data

Book Value per Share CPI Adj_Book
201506 42.138 100.279 51.475
201509 42.174 100.000 51.663
201512 42.047 99.814 51.604
201603 42.337 99.600 52.071
201606 40.643 99.900 49.838
201609 41.545 100.100 50.842
201612 31.896 100.300 38.956
201703 42.751 101.000 51.851
201706 24.776 101.100 30.020
201709 25.920 101.200 31.375
201712 26.649 101.200 32.258
201803 25.574 101.800 30.774
201806 24.869 102.400 29.751
201809 24.349 102.600 29.072
201812 25.285 102.300 30.278
201903 25.900 102.800 30.863
201906 26.613 103.100 31.621
201909 26.882 102.900 32.002
201912 27.499 102.800 32.769
202003 27.185 102.900 32.363
202006 27.153 102.900 32.325
202009 27.107 102.300 32.460
202012 26.598 102.600 31.757
202103 27.037 103.700 31.939
202106 27.562 104.200 32.403
202109 27.935 104.900 32.622
202112 28.124 106.600 32.319
202203 27.964 110.400 31.029
202206 29.889 112.500 32.546
202209 31.552 114.200 33.845
202212 32.729 119.000 33.692
202303 32.986 118.800 34.013
202306 34.086 119.700 34.883
202309 35.621 120.300 36.272
202312 37.420 119.700 38.295
202403 38.898 120.200 39.642
202406 38.045 120.700 38.612
202409 40.476 121.200 40.910
202412 40.500 121.200 40.934
202503 42.248 122.500 42.248

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.


UniCredit SpA  (LTS:0RLS) 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.


UniCredit SpA Cyclically Adjusted PB Ratio Related Terms

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


UniCredit SpA Business Description

Industry
Address
Piazza Gae Aulenti 3, Tower A, Milano, ITA, 20154
UniCredit is one of the two largest Italian retail and commercial banks, but roughly a half of its operations is outside Italy. It has a strong presence in Germany, Austria, and Central and Eastern Europe. It generates most of its revenue from retail banking, but also maintains a sizable corporate and investment bank.

UniCredit SpA Headlines

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