Buzzi SpA (MIL:BZU) Cyclically Adjusted PB Ratio: 1.61 (As of Aug. 03, 2026) — Near Median

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Founder & CEO of GuruFocus
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MIL:BZU Buzzi SpA MIL:BZU
87 GF Score
Price €41.11
GF Value €39.84
Valuation Fairly Valued
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What is Buzzi SpA Cyclically Adjusted PB Ratio?

Buzzi SpA MIL:BZU +0.12% 87 Cyclically Adjusted PB Ratio is 1.61 as of Aug. 03, 2026, which is 4% above its 10-year median of 1.55. GuruFocus rates MIL:BZU with a GF Score™ of 87/100 and a GF Value™ of €39.84 (Fairly Valued). Among 314 Building Materials companies, Buzzi SpA ranks worse than 67.2% on this metric.

As of today (2026-08-03), Buzzi SpA's current share price is €41.11. Buzzi SpA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €25.50. Buzzi SpA's Cyclically Adjusted PB Ratio for today is 1.61.

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

MIL:BZU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.55   Max: 2.34
Current: 1.6

During the past 13 years, Buzzi SpA's highest Cyclically Adjusted PB Ratio was 2.34. The lowest was 0.94. And the median was 1.55.

MIL:BZU's Cyclically Adjusted PB Ratio is ranked worse than
67.2% of 314 companies
in the Building Materials industry
Industry Median: 0.97 vs MIL:BZU: 1.60

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.

Buzzi SpA's adjusted book value per share data of for the fiscal year that ended in Dec25 was €39.149. 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 €25.50 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Buzzi SpA  (MIL:BZU) 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.


Buzzi SpA Cyclically Adjusted PB Ratio Related Terms


Buzzi SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Buzzi 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.

Buzzi SpA Cyclically Adjusted PB Ratio Chart

Buzzi 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 1.23 0.97 1.35 1.56 2.04

Buzzi SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.35 0.00 1.56 0.00 2.04

MIL:BZU vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Buzzi 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.


Buzzi SpA Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Buzzi SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:BZU
87GF Score
Buzzi SpA MIL:BZU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Buzzi 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=41.11/25.50
=1.61

* 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.

Buzzi SpA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Buzzi SpA'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)
=39.149/122.6000*122.6000
=39.149

Current CPI (Dec25) = 122.6000.

Buzzi SpA Annual Data

Book Value per Share CPI Adj_Book
201612 13.499 100.300 16.500
201712 13.815 101.200 16.736
201812 15.768 102.300 18.897
201912 17.886 102.800 21.331
202012 17.504 102.600 20.916
202112 22.742 106.600 26.155
202212 26.499 119.000 27.301
202312 30.391 119.700 31.127
202412 36.464 121.200 36.885
202512 39.149 122.600 39.149

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.

What does a Cyclically Adjusted PB Ratio of 1.61 mean?
Buzzi SpA (MIL:BZU) has a Cyclically Adjusted PB Ratio of 1.61 as of Aug. 03, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Buzzi SpA and its competitors. This is near median its historical median of 1.55. Over the past decade, Buzzi SpA's Cyclically Adjusted PB Ratio has ranged from 0.94 to 2.34. According to the industry distribution chart, Buzzi SpA ranks #211 out of 314 companies in the Building Materials industry, placing it in the top 67.2%.
Is Buzzi SpA's Cyclically Adjusted PB Ratio too high?
Buzzi SpA's current Cyclically Adjusted PB Ratio of 1.61 is near median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 2.34. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.97. Buzzi SpA's value of 1.61 is 66% above this industry median. Based on the distribution chart, Buzzi SpA ranks #211 out of 314 companies in the Building Materials industry, which is below the industry midpoint. Overall, Buzzi SpA has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Buzzi SpA's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Buzzi SpA ranks #211 out of 314 companies for Cyclically Adjusted PB Ratio. This places Buzzi SpA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Buzzi SpA's value of 1.61 is 66% above this benchmark. Historically, Buzzi SpA's own Cyclically Adjusted PB Ratio has ranged from 0.94 to 2.34 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 0.97, Buzzi SpA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 0.97, based on 314 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Buzzi SpA's current Cyclically Adjusted PB Ratio of 1.61 is 66% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Buzzi SpA and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Buzzi SpA's current Cyclically Adjusted PB Ratio is 1.61, which is near median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Buzzi SpA stock overvalued right now?
Based on GuruFocus' analysis, Buzzi SpA (MIL:BZU) is currently considered Fairly Valued. The stock's GF Value™ is €39.84, compared to a current price of €41.11 — trading 3.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.61, which is near median its 10-year median of 1.55 and 66% above the Building Materials industry median of 0.97. Buzzi SpA's overall GF Score™ is 87/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Buzzi SpA (MIL:BZU), the current Cyclically Adjusted PB Ratio is 1.61 as of Aug. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Buzzi SpA (MIL:BZU) Overvalued in 2026?

Based on GuruFocus' analysis, Buzzi SpA stock appears to be overvalued. The current stock price of €41.11 is trading 3.2% above its estimated GF Value™ of €39.84. GuruFocus considers Buzzi SpA to be Fairly Valued.

Key valuation signals for MIL:BZU:

  • Cyclically Adjusted PB Ratio: 1.61 (near median its 10-year median of 1.55)
  • GF Value™: €39.84 vs. price of €41.11 (3.2% above fair value)
  • GF Score™: 87/100
  • Industry Position: 66% above the Building Materials median (#211 of 314)

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


Buzzi SpA Business Description

Address Via Luigi Buzzi, 6, Casale Monferrato, ITA, 15033
Buzzi SpA manufactures, distribute and sell cement, ready-mix concrete and aggregates. The company has geographical segments: Italy; Central Europe; Eastern Europe; and United States of America. It derives maximum revenue from United States of America.
87GF Score

Get the complete analysis for MIL:BZU

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

€41.11
Price
€39.84
GF Value