GPI SpAMIL:GPI 77 Cyclically Adjusted PB Ratio is 2.07 as of Jul. 11, 2026, which is 11% below its 10-year median of 2.33. GuruFocus rates MIL:GPI with a GF Score™ of 77/100 and a GF Value™ of €16.23 (Fairly Valued). The stock has 4 warning signs investors should review. Among 358 Healthcare Providers & Services companies, GPI SpA ranks worse than 54.75% on this metric.
As of today (2026-07-11), GPI SpA's current share price is €14.78. GPI SpA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €7.13. GPI SpA's Cyclically Adjusted PB Ratio for today is 2.07.
The historical rank and industry rank for GPI SpA's Cyclically Adjusted PB Ratio or its related term are showing as below:
MIL:GPI'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.37 Med: 2.33 Max: 3.03
Current: 2.06
During the past 12 years, GPI SpA's highest Cyclically Adjusted PB Ratio was 3.03. The lowest was 1.37. And the median was 2.33.
MIL:GPI's Cyclically Adjusted PB Ratio is ranked worse than 54.75% of 358
companies
in the Healthcare Providers & Services industry
Industry Median: 1.82
vs MIL:GPI: 2.06
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.
GPI SpA's adjusted book value per share data of for the fiscal year that ended in Dec25 was €10.587. 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 €7.13 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
GPI SpA (MIL:GPI) 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.
GPI SpA Cyclically Adjusted PB Ratio Related Terms
GPI SpA Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for GPI 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.
MIL:GPI vs VEEV, BTSG, TEM: Cyclically Adjusted PB Ratio Comparison
For the Health Information Services subindustry, GPI 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.
GPI SpA Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, GPI SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where GPI SpA's Cyclically Adjusted PB Ratio falls into.
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.
GPI SpA's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 2.07 mean?
GPI SpA (MIL:GPI) has a Cyclically Adjusted PB Ratio of 2.07 as of Jul. 11, 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 GPI SpA and its competitors. This is 11% below median its historical median of 2.33. Over the past decade, GPI SpA's Cyclically Adjusted PB Ratio has ranged from 1.37 to 3.03. According to the industry distribution chart, GPI SpA ranks #196 out of 358 companies in the Healthcare Providers & Services industry, placing it in the top 54.7%.
Is GPI SpA's Cyclically Adjusted PB Ratio too high?
GPI SpA's current Cyclically Adjusted PB Ratio of 2.07 is 11% below median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 3.03. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.82. GPI SpA's value of 2.07 is 13.7% above this industry median. Based on the distribution chart, GPI SpA ranks #196 out of 358 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, GPI SpA has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GPI SpA's Cyclically Adjusted PB Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, GPI SpA ranks #196 out of 358 companies for Cyclically Adjusted PB Ratio. This places GPI SpA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. GPI SpA's value of 2.07 is 13.7% above this benchmark. Historically, GPI SpA's own Cyclically Adjusted PB Ratio has ranged from 1.37 to 3.03 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 1.82, GPI 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.82, based on 358 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. GPI SpA's current Cyclically Adjusted PB Ratio of 2.07 is 13.7% 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 GPI SpA and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GPI SpA's current Cyclically Adjusted PB Ratio is 2.07, which is 11% below median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GPI SpA stock overvalued right now?
Based on GuruFocus' analysis, GPI SpA (MIL:GPI) is currently considered Fairly Valued. The stock's GF Value™ is €16.23, compared to a current price of €14.78 — trading 8.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.07, which is 11% below median its 10-year median of 2.33 and 13.7% above the Healthcare Providers & Services industry median of 1.82. GPI SpA's overall GF Score™ is 77/100 with 4 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 GPI SpA (MIL:GPI), the current Cyclically Adjusted PB Ratio is 2.07 as of Jul. 11, 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 GPI SpA (MIL:GPI) Overvalued in 2026?
Based on GuruFocus' analysis, GPI SpA stock appears to be undervalued.
The current stock price of €14.78 is trading 8.9% below its estimated GF Value™ of €16.23.
GuruFocus considers GPI SpA to be Fairly Valued.
Key valuation signals for MIL:GPI:
Cyclically Adjusted PB Ratio: 2.07 (11% below median its 10-year median of 2.33)
GF Value™: €16.23 vs. price of €14.78 (8.9% below fair value)
Industry Position: 13.7% above the Healthcare Providers & Services median (#196 of 358)
No single metric tells the full story. See the MIL:GPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GPI SpA operates in the field of social-healthcare IT services and hi-tech services for health. It provides services in the areas of IT systems, healthcare, pharmacy logistics, electronic payment solutions, and ICT infrastructures and systemic services.
77GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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