Fervi SpA (MIL:FVI) Cyclically Adjusted PB Ratio: 1.78 (As of Jul. 21, 2026) — Near Median

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MIL:FVI Fervi SpA MIL:FVI
57 GF Score
Price €16.20
GF Value €14.27
! 7 Warning Signs
View Full Analysis

What is Fervi SpA Cyclically Adjusted PB Ratio?

Fervi SpA MIL:FVI 57 Cyclically Adjusted PB Ratio is 1.78 as of Jul. 21, 2026, which is 6% above its 10-year median of 1.68. GuruFocus rates MIL:FVI with a GF Score™ of 57/100 and a GF Value™ of €14.27. The stock has 7 warning signs investors should review.

As of today (2026-07-21), Fervi SpA's current share price is €16.20. Fervi SpA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was €9.09. Fervi SpA's Cyclically Adjusted PB Ratio for today is 1.78.

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

MIL:FVI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 1.68   Max: 1.78
Current: 1.78

During the past 10 years, Fervi SpA's highest Cyclically Adjusted PB Ratio was 1.78. The lowest was 1.60. And the median was 1.68.

MIL:FVI's Cyclically Adjusted PB Ratio is not ranked
in the Industrial Products industry.
Industry Median: 2.115 vs MIL:FVI: 1.78

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.

Fervi SpA's adjusted book value per share data of for the fiscal year that ended in Dec24 was €13.164. 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 €9.09 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fervi SpA  (MIL:FVI) 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.


Fervi SpA Cyclically Adjusted PB Ratio Related Terms


Fervi SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fervi 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.

Fervi SpA Cyclically Adjusted PB Ratio Chart

Fervi 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 0.00 0.00 0.00 0.00 1.66

Fervi SpA Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 0.00 1.66 0.00

MIL:FVI vs SNA, RBC, LECO: Cyclically Adjusted PB Ratio Comparison

For the Tools & Accessories subindustry, Fervi 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.


Fervi SpA Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fervi SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:FVI
57GF Score
Fervi SpA MIL:FVI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fervi 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.20/9.09
=1.78

* 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.

Fervi SpA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Fervi SpA's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=13.164/121.2000*121.2000
=13.164

Current CPI (Dec24) = 121.2000.

Fervi SpA Annual Data

Book Value per Share CPI Adj_Book
201512 1.413 99.814 1.716
201612 1.928 100.300 2.330
201712 7.139 101.200 8.550
201812 7.139 102.300 8.458
201912 8.543 102.800 10.072
202012 9.157 102.600 10.817
202112 10.231 106.600 11.632
202212 11.313 119.000 11.522
202312 12.528 119.700 12.685
202412 13.164 121.200 13.164

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 1.78 mean?
Fervi SpA (MIL:FVI) has a Cyclically Adjusted PB Ratio of 1.78 as of Jul. 21, 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 Fervi SpA and its competitors. This is near median its historical median of 1.68. Over the past decade, Fervi SpA's Cyclically Adjusted PB Ratio has ranged from 1.60 to 1.78.
Is Fervi SpA's Cyclically Adjusted PB Ratio too high?
Fervi SpA's current Cyclically Adjusted PB Ratio of 1.78 is near median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 1.78. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Fervi SpA's value of 1.78 is 15.8% below this industry median. Overall, Fervi SpA has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Fervi SpA's Cyclically Adjusted PB Ratio compare to SNA and RBC?
Fervi SpA's Cyclically Adjusted PB Ratio of 1.78 can be compared against companies in the Industrial Products industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Fervi SpA's value of 1.78 is 15.8% below this benchmark. Historically, Fervi SpA's own Cyclically Adjusted PB Ratio has ranged from 1.60 to 1.78 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 2.12, Fervi SpA has consistently been below 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,286 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. Fervi SpA's current Cyclically Adjusted PB Ratio of 1.78 is 15.8% below 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 Fervi SpA and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fervi SpA's current Cyclically Adjusted PB Ratio is 1.78, which is near median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fervi SpA stock overvalued right now?
Fervi SpA (MIL:FVI) has a current Cyclically Adjusted PB Ratio of 1.78. The stock's GF Value™ is €14.27, compared to a current price of €16.20 — trading 13.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.78, which is near median its 10-year median of 1.68 and 15.8% below the Industrial Products industry median of 2.12. Fervi SpA's overall GF Score™ is 57/100 with 7 warning signs to review. 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 Fervi SpA (MIL:FVI), the current Cyclically Adjusted PB Ratio is 1.78 as of Jul. 21, 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 Fervi SpA (MIL:FVI) Overvalued in 2026?

Based on GuruFocus' analysis, Fervi SpA stock appears to be overvalued. The current stock price of €16.20 is trading 13.5% above its estimated GF Value™ of €14.27.

Key valuation signals for MIL:FVI:

  • Cyclically Adjusted PB Ratio: 1.78 (near median its 10-year median of 1.68)
  • GF Value™: €14.27 vs. price of €16.20 (13.5% above fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 15.8% below the Industrial Products median

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


Fervi SpA Business Description

Address Via del Commercio 81, Vignola, Modena, ITA, 41058
Fervi SpA is engaged in the distribution of materials, the supply of industrial tools, and do-it-yourself materials for professionals and the general public. Its product offerings include machine tools, accessories for machines, abrasive products, consumables, measuring instruments (measuring devices, scales, etc.), hand-held tools (pliers, shears, wrenches, screwdrivers, etc.), and general hardware. Geographically, the company derives a majority of its revenue from the sale of its products in Italy, and the rest from other parts of Europe, Asia, America, and Africa.
57GF Score

Get the complete analysis for MIL:FVI

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

€16.20
Price
€14.27
GF Value