Banca Monte dei Paschi di Siena (MIL:BMPS) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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MIL:BMPS Banca Monte dei Paschi di Siena MIL:BMPS
49 GF Score
Price €11.98
GF Value €5.27
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banca Monte dei Paschi di Siena  (MIL:BMPS) 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.


Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio Related Terms


Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Banca Monte dei Paschi di Siena'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.

Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio Chart

Banca Monte dei Paschi di Siena 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 0.00 0.00 0.00 0.01 0.01

Banca Monte dei Paschi di Siena Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 0.00 0.01 0.01 0.02

Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Banca Monte dei Paschi di Siena'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.


Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Banca Monte dei Paschi di Siena's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Banca Monte dei Paschi di Siena's Cyclically Adjusted PB Ratio falls into.


MIL:BMPS
49GF Score
Banca Monte dei Paschi di Siena MIL:BMPS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banca Monte dei Paschi di Siena 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.

Banca Monte dei Paschi di Siena's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Banca Monte dei Paschi di Siena's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=9.943/122.6000*122.6000
=9.943

Current CPI (Dec25) = 122.6000.

Banca Monte dei Paschi di Siena Annual Data

Book Value per Share CPI Adj_Book
201612 4,591.033 100.300 5,611.771
201712 196.881 101.200 238.514
201812 169.756 102.300 203.442
201912 156.293 102.800 186.396
202012 124.508 102.600 148.779
202112 128.339 106.600 147.602
202212 6.240 119.000 6.429
202312 7.922 119.700 8.114
202412 9.248 121.200 9.355
202512 9.943 122.600 9.943

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 Banca Monte dei Paschi di Siena (MIL:BMPS) Overvalued in 2026?

Based on GuruFocus' analysis, Banca Monte dei Paschi di Siena stock appears to be overvalued. The current stock price of €11.98 is trading 127.3% above its estimated GF Value™ of €5.27. GuruFocus considers Banca Monte dei Paschi di Siena to be Significantly Overvalued.

Key valuation signals for MIL:BMPS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €5.27 vs. price of €11.98 (127.3% above fair value)
  • GF Score™: 49/100 with 9 warning signs

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


Banca Monte dei Paschi di Siena Business Description

Address Piazza Salimbeni, 3, Siena, ITA, 53100
Banca Monte dei Paschi di Siena is a banking group operating in Italy, mainly providing retail and commercial banking services. The group has five segments: Retail Banking, Wealth Management, Corporate Banking, Large Corporate & Investment Banking, and Mediobanca Group. Retail Banking serves retail customers, including Banca Widiba. Wealth Management focuses on private and family office clients. Corporate Banking serves SME and corporate clients. Large Corporate & Investment Banking provides corporate finance and investment banking services. The Mediobanca Group segment includes wealth management, consumer finance, and corporate and investment banking activities. It generates the majority of its revenue from the Retail Banking segment.
49GF Score

Get the complete analysis for MIL:BMPS

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

€11.98
Price
€5.27
GF Value