Banco Di Desio E Della Brianza SpA (MIL:BDB) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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MIL:BDB Banco Di Desio E Della Brianza SpA MIL:BDB
40 GF Score
Price €18.08
GF Value €7.57
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Banco Di Desio E Della Brianza SpA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Di Desio E Della Brianza SpA  (MIL:BDB) 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 Di Desio E Della Brianza SpA Cyclically Adjusted PB Ratio Related Terms


Banco Di Desio E Della Brianza SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Banco Di Desio E Della Brianza 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.

Banco Di Desio E Della Brianza SpA Cyclically Adjusted PB Ratio Chart

Banco Di Desio E Della Brianza 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 0.41 0.36 0.42 0.75 1.00

Banco Di Desio E Della Brianza 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 0.77 0.84 1.00 0.90 1.37

MIL:BDB vs USB, PNC: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Banco Di Desio E Della Brianza 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 Di Desio E Della Brianza SpA Cyclically Adjusted PB Ratio vs Banks Industry

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

* The bar in red indicates where Banco Di Desio E Della Brianza SpA's Cyclically Adjusted PB Ratio falls into.


MIL:BDB
40GF Score
Banco Di Desio E Della Brianza SpA MIL:BDB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banco Di Desio E Della Brianza 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 Di Desio E Della Brianza SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Banco Di Desio E Della Brianza 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)
=11.37/126.4000*126.4000
=11.370

Current CPI (Jun. 2026) = 126.4000.

Banco Di Desio E Della Brianza SpA Quarterly Data

Book Value per Share CPI Adj_Book
201603 7.133 99.600 9.052
201609 7.205 100.100 9.098
201703 101.000 0.000
201706 7.104 101.100 8.882
201709 7.220 101.200 9.018
201712 7.526 101.200 9.400
201803 7.028 101.800 8.726
201806 6.817 102.400 8.415
201809 6.822 102.600 8.404
201812 7.191 102.300 8.885
201903 7.192 102.800 8.843
201906 7.278 103.100 8.923
201909 7.047 102.900 8.656
201912 7.099 102.800 8.729
202003 7.110 102.900 8.734
202006 7.053 102.900 8.664
202009 7.186 102.300 8.879
202012 7.320 102.600 9.018
202103 7.830 103.700 9.544
202106 7.896 104.200 9.578
202109 8.033 104.900 9.679
202112 8.009 106.600 9.497
202203 8.324 110.400 9.530
202206 8.238 112.500 9.256
202209 8.218 114.200 9.096
202212 8.354 119.000 8.873
202303 9.581 118.800 10.194
202306 9.651 119.700 10.191
202309 9.874 120.300 10.375
202312 10.077 119.700 10.641
202403 10.373 120.200 10.908
202406 10.397 120.700 10.888
202409 10.737 121.200 11.198
202412 10.861 121.200 11.327
202503 11.192 122.500 11.548
202506 10.933 122.700 11.263
202509 11.109 123.100 11.407
202512 11.337 122.600 11.688
202603 11.401 124.560 11.569
202606 11.370 126.400 11.370

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 Banco Di Desio E Della Brianza SpA (MIL:BDB) Overvalued in 2026?

Based on GuruFocus' analysis, Banco Di Desio E Della Brianza SpA stock appears to be overvalued. The current stock price of €18.08 is trading 138.8% above its estimated GF Value™ of €7.57. GuruFocus considers Banco Di Desio E Della Brianza SpA to be Significantly Overvalued.

Key valuation signals for MIL:BDB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €7.57 vs. price of €18.08 (138.8% above fair value)
  • GF Score™: 40/100 with 7 warning signs

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


Banco Di Desio E Della Brianza SpA Business Description

Other Exchanges 0O5V:UKBJ7:Germany
Address Via E. Rovagnati, 1, Desio, ITA, 20832
Banco Di Desio E Della Brianza SpA is an Italy based company engaged in providing financial services. The group operates by carrying out traditional banking activities, providing asset management services and selling life and non-life bancassurance products. It offers loans and deposits; financial, banking, and payment services; insurance products, asset management products; debit and credit cards. The bank serves individuals and small to midsized businesses by providing other services. The activities are carried out through Italy.
40GF Score

Get the complete analysis for MIL:BDB

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

€18.08
Price
€7.57
GF Value