Amplifon SpA (MEX:AMP1N) Cyclically Adjusted PB Ratio: (As of Aug. 31, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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.

MEX:AMP1N Amplifon SpA MEX:AMP1N
79 GF Score
Price MXN574.96
GF Value MXN1,114.89
! 6 Warning Signs
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What is Amplifon SpA Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amplifon SpA  (MEX:AMP1N) 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.


Amplifon SpA Cyclically Adjusted PB Ratio Related Terms


Amplifon SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amplifon 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.

Amplifon SpA Cyclically Adjusted PB Ratio Chart

Amplifon 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 17.82 8.67 9.01 6.56 3.41

Amplifon 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 5.05 3.46 3.41 2.27 2.22

MEX:AMP1N vs MCK, COR, CAH: Cyclically Adjusted PB Ratio Comparison

For the Medical Distribution subindustry, Amplifon 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.


Amplifon SpA Cyclically Adjusted PB Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Amplifon SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:AMP1N
79GF Score
Amplifon SpA MEX:AMP1N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amplifon 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.

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

For example, Amplifon 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)
=138.352/126.4000*126.4000
=138.352

Current CPI (Jun. 2026) = 126.4000.

Amplifon SpA Quarterly Data

Book Value per Share CPI Adj_Book
201609 52.129 100.100 65.825
201612 55.286 100.300 69.672
201703 53.339 101.000 66.753
201706 51.915 101.100 64.907
201709 54.250 101.200 67.759
201712 62.426 101.200 77.971
201803 54.951 101.800 68.230
201806 57.426 102.400 70.885
201809 55.462 102.600 68.327
201812 60.231 102.300 74.420
201903 62.291 102.800 76.591
201906 60.949 103.100 74.723
201909 62.026 102.900 76.191
201912 65.278 102.800 80.264
202003 77.227 102.900 94.864
202006 81.279 102.900 99.841
202009 84.139 102.300 103.961
202012 86.220 102.600 106.220
202103 90.028 103.700 109.735
202106 88.728 104.200 107.632
202109 89.992 104.900 108.436
202112 95.321 106.600 113.026
202203 95.589 110.400 109.442
202206 92.749 112.500 104.209
202209 90.689 114.200 100.377
202212 95.512 119.000 101.451
202303 89.897 118.800 95.648
202306 85.718 119.700 90.516
202309 88.187 120.300 92.659
202312 90.273 119.700 95.326
202403 90.723 120.200 95.403
202406 99.249 120.700 103.936
202409 108.359 121.200 113.008
202412 111.460 121.200 116.242
202503 112.162 122.500 115.733
202506 99.233 122.700 102.225
202509 94.942 123.100 97.487
202512 95.692 122.600 98.658
202603 102.029 124.560 103.536
202606 138.352 126.400 138.352

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 Amplifon SpA (MEX:AMP1N) Overvalued in 2026?

Based on GuruFocus' analysis, Amplifon SpA stock appears to be undervalued. The current stock price of MXN574.96 is trading 48.4% below its estimated GF Value™ of MXN1,114.89.

Key valuation signals for MEX:AMP1N:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN1,114.89 vs. price of MXN574.96 (48.4% below fair value)
  • GF Score™: 79/100 with 6 warning signs

No single metric tells the full story. See the MEX:AMP1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amplifon SpA Business Description

Address Via Ripamonti, 133, Milano, ITA, 20141
Amplifon SpA provides customizable hearing solutions and services through a distribution network of network affiliates, corporate shops, franchises, and shop-in-shops. The company operates in three segments based on geography: the Americas; Europe, the Middle East, and Africa; and Asia-Pacific. It generates the majority of its revenue in the EMEA region. It operates under a variety of brands in these regions, including Amplifon, Beter Horen, Maxtone, and Miracle-Ear.
79GF Score

Get the complete analysis for MEX:AMP1N

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

MXN574.96
Price
MXN1,114.89
GF Value