Immobiliare Grande Distribuzione SiiQ SpA (MIL:IGD) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:IGD Immobiliare Grande Distribuzione SiiQ SpA MIL:IGD
56 GF Score
Price €3.66
GF Value €2.59
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Immobiliare Grande Distribuzione SiiQ SpA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Immobiliare Grande Distribuzione SiiQ SpA  (MIL:IGD) 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.


Immobiliare Grande Distribuzione SiiQ SpA Cyclically Adjusted PB Ratio Related Terms


Immobiliare Grande Distribuzione SiiQ SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Immobiliare Grande Distribuzione SiiQ 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.

Immobiliare Grande Distribuzione SiiQ SpA Cyclically Adjusted PB Ratio Chart

Immobiliare Grande Distribuzione SiiQ 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 0.30 0.23 0.18 0.20 0.29

Immobiliare Grande Distribuzione SiiQ 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 0.25 0.28 0.29 0.33 0.34

MIL:IGD vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Immobiliare Grande Distribuzione SiiQ 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.


Immobiliare Grande Distribuzione SiiQ SpA Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Immobiliare Grande Distribuzione SiiQ SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Immobiliare Grande Distribuzione SiiQ SpA's Cyclically Adjusted PB Ratio falls into.


MIL:IGD
56GF Score
Immobiliare Grande Distribuzione SiiQ SpA MIL:IGD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Immobiliare Grande Distribuzione SiiQ 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.

Immobiliare Grande Distribuzione SiiQ SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Immobiliare Grande Distribuzione SiiQ 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)
=9.055/126.4000*126.4000
=9.055

Current CPI (Jun. 2026) = 126.4000.

Immobiliare Grande Distribuzione SiiQ SpA Quarterly Data

Book Value per Share CPI Adj_Book
201603 11.925 99.600 15.134
201609 11.843 100.100 14.955
201703 12.419 101.000 15.542
201706 12.307 101.100 15.387
201709 12.495 101.200 15.606
201712 12.760 101.200 15.937
201803 12.922 101.800 16.045
201806 11.242 102.400 13.877
201809 11.418 102.600 14.067
201812 11.357 102.300 14.033
201903 11.518 102.800 14.162
201906 10.903 103.100 13.367
201909 11.039 102.900 13.560
201912 10.978 102.800 13.498
202003 11.125 102.900 13.666
202006 10.415 102.900 12.794
202009 10.586 102.300 13.080
202012 10.100 102.600 12.443
202103 10.208 103.700 12.443
202106 10.297 104.200 12.491
202109 10.448 104.900 12.589
202112 10.619 106.600 12.591
202203 10.786 110.400 12.349
202206 10.567 112.500 11.873
202209 10.709 114.200 11.853
202212 10.167 119.000 10.799
202303 10.290 118.800 10.948
202306 9.432 119.700 9.960
202309 9.502 120.300 9.984
202312 9.068 119.700 9.576
202403 9.122 120.200 9.593
202406 8.792 120.700 9.207
202409 8.774 121.200 9.150
202412 8.793 121.200 9.170
202503 8.810 122.500 9.090
202506 8.773 122.700 9.038
202509 8.848 123.100 9.085
202512 8.995 122.600 9.274
202603 9.083 124.560 9.217
202606 9.055 126.400 9.055

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 Immobiliare Grande Distribuzione SiiQ SpA (MIL:IGD) Overvalued in 2026?

Based on GuruFocus' analysis, Immobiliare Grande Distribuzione SiiQ SpA stock appears to be overvalued. The current stock price of €3.66 is trading 41.1% above its estimated GF Value™ of €2.59. GuruFocus considers Immobiliare Grande Distribuzione SiiQ SpA to be Significantly Overvalued.

Key valuation signals for MIL:IGD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.59 vs. price of €3.66 (41.1% above fair value)
  • GF Score™: 56/100 with 6 warning signs

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


Immobiliare Grande Distribuzione SiiQ SpA Business Description

Industry Real EstateREITs
Other Exchanges 0STP:UKIF81:Germany
Address Via Trattati Comunitari Europei 1957-2007, n. 13, Bologna, ITA, 40127
Immobiliare Grande Distribuzione SiiQ SpA is a real estate company that owns and manages a portfolio of shopping centers in Italy and Romania. The company's portfolio mainly consists of shopping centers, hypermarkets, supermarkets, and galleries. In addition, the firm also acts as a service provider, providing agency management and piloting, and facility management services to third parties, and is involved in trading activity concerning the sale of residential units built within the Porta a Mare project in Livorno. The company operates in three main business segments: Core business properties, which generate maximum revenue, Services, and the Porta a Mare Project. Geographically, it derives key revenue from Italy.
56GF Score

Get the complete analysis for MIL:IGD

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

€3.66
Price
€2.59
GF Value