Marr SpA (MIL:MARR) Cyclically Adjusted PB Ratio: 1.23 (As of Jul. 18, 2026) — 62% Below Median

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MIL:MARR Marr SpA MIL:MARR
67 GF Score
Price €6.85
GF Value €11.38
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Marr SpA Cyclically Adjusted PB Ratio?

Marr SpA MIL:MARR -1.15% 67 Cyclically Adjusted PB Ratio is 1.23 as of Jul. 18, 2026, which is 62% below its 10-year median of 3.25. GuruFocus rates MIL:MARR with a GF Score™ of 67/100 and a GF Value™ of €11.38 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 234 Retail - Defensive companies, Marr SpA ranks better than 64.1% on this metric.

As of today (2026-07-18), Marr SpA's current share price is €6.85. Marr SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €5.59. Marr SpA's Cyclically Adjusted PB Ratio for today is 1.23.

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

MIL:MARR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 3.25   Max: 6.87
Current: 1.22

During the past years, Marr SpA's highest Cyclically Adjusted PB Ratio was 6.87. The lowest was 1.18. And the median was 3.25.

MIL:MARR's Cyclically Adjusted PB Ratio is ranked better than
64.1% of 234 companies
in the Retail - Defensive industry
Industry Median: 1.615 vs MIL:MARR: 1.22

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.

Marr SpA's adjusted book value per share data for the three months ended in Mar. 2026 was €5.052. 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 €5.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marr SpA  (MIL:MARR) 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.


Marr SpA Cyclically Adjusted PB Ratio Related Terms


Marr SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Marr 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.

Marr SpA Cyclically Adjusted PB Ratio Chart

Marr 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 4.24 2.23 2.18 1.86 1.64

Marr SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.77 1.76 1.67 1.64 1.35

MIL:MARR vs SYY, USFD, PFGC: Cyclically Adjusted PB Ratio Comparison

For the Food Distribution subindustry, Marr 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.


Marr SpA Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Marr SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:MARR
67GF Score
Marr SpA MIL:MARR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marr 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.85/5.59
=1.23

* 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.

Marr SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Marr SpA's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=5.052/124.5600*124.5600
=5.052

Current CPI (Mar. 2026) = 124.5600.

Marr SpA Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.814 99.900 4.755
201609 4.174 100.100 5.194
201612 4.293 100.300 5.331
201703 4.397 101.000 5.423
201706 4.023 101.100 4.957
201709 4.406 101.200 5.423
201712 4.581 101.200 5.638
201803 4.686 101.800 5.734
201806 4.265 102.400 5.188
201809 4.679 102.600 5.680
201812 4.874 102.300 5.935
201903 4.977 102.800 6.030
201906 4.521 103.100 5.462
201909 4.934 102.900 5.973
201912 5.108 102.800 6.189
202003 5.060 102.900 6.125
202006 4.913 102.900 5.947
202009 5.135 102.300 6.252
202012 5.082 102.600 6.170
202103 4.987 103.700 5.990
202106 5.100 104.200 6.097
202109 5.159 104.900 6.126
202112 5.254 106.600 6.139
202203 5.210 110.400 5.878
202206 4.925 112.500 5.453
202209 5.135 114.200 5.601
202212 5.163 119.000 5.404
202303 5.164 118.800 5.414
202306 5.040 119.700 5.245
202309 5.355 120.300 5.545
202312 5.444 119.700 5.665
202403 5.426 120.200 5.623
202406 5.030 120.700 5.191
202409 5.280 121.200 5.426
202412 5.368 121.200 5.517
202503 5.309 122.500 5.398
202506 4.933 122.700 5.008
202509 5.185 123.100 5.246
202512 5.187 122.600 5.270
202603 5.052 124.560 5.052

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 1.23 mean?
Marr SpA (MIL:MARR) has a Cyclically Adjusted PB Ratio of 1.23 as of Jul. 18, 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 Marr SpA and its competitors. This is 62% below median its historical median of 3.25. Over the past decade, Marr SpA's Cyclically Adjusted PB Ratio has ranged from 1.18 to 6.87. According to the industry distribution chart, Marr SpA ranks #84 out of 234 companies in the Retail - Defensive industry, placing it in the top 35.9%.
Is Marr SpA's Cyclically Adjusted PB Ratio too high?
Marr SpA's current Cyclically Adjusted PB Ratio of 1.23 is 62% below median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 6.87. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.62. Marr SpA's value of 1.23 is 23.8% below this industry median. Based on the distribution chart, Marr SpA ranks #84 out of 234 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Marr SpA has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marr SpA's Cyclically Adjusted PB Ratio compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Marr SpA ranks #84 out of 234 companies for Cyclically Adjusted PB Ratio. This puts Marr SpA in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Marr SpA's value of 1.23 is 23.8% below this benchmark. Historically, Marr SpA's own Cyclically Adjusted PB Ratio has ranged from 1.18 to 6.87 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 1.62, Marr 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 a Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.62, based on 234 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. Marr SpA's current Cyclically Adjusted PB Ratio of 1.23 is 23.8% 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 Marr SpA and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marr SpA's current Cyclically Adjusted PB Ratio is 1.23, which is 62% below median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marr SpA stock overvalued right now?
Based on GuruFocus' analysis, Marr SpA (MIL:MARR) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.38, compared to a current price of €6.85 — trading 39.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.23, which is 62% below median its 10-year median of 3.25 and 23.8% below the Retail - Defensive industry median of 1.62. Marr SpA's overall GF Score™ is 67/100 with 5 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 Marr SpA (MIL:MARR), the current Cyclically Adjusted PB Ratio is 1.23 as of Jul. 18, 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 Marr SpA (MIL:MARR) Overvalued in 2026?

Based on GuruFocus' analysis, Marr SpA stock appears to be undervalued. The current stock price of €6.85 is trading 39.8% below its estimated GF Value™ of €11.38. GuruFocus considers Marr SpA to be Significantly Undervalued.

Key valuation signals for MIL:MARR:

  • Cyclically Adjusted PB Ratio: 1.23 (62% below median its 10-year median of 3.25)
  • GF Value™: €11.38 vs. price of €6.85 (39.8% below fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 23.8% below the Retail - Defensive median (#84 of 234)

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


Marr SpA Business Description

Other Exchanges 0NSS:UKM6Z:Germany
Address Street Spagna, 20, Rimini, ITA, 47921
Marr SpA is an Italian distributor of frozen and fresh products to the non-domestic catering sector. The company's products consist of seafood, meat, grocery, fruits and vegetables, and kitchen equipment, as well as private label products. Marr operates through a network of sales agents, `distribution centers, stocking platforms, and logistics. The group categorizes the customers as the street market, which includes restaurants and hotels not belonging to groups or chains; the national account, which contains operators of chains and groups and canteens, and the wholesale category. Marr generates more than half of its revenue from street market customers. Geographically, it operates in Italy, European Union, and Extra-EU Countries, of which the company derives maximum revenue from Italy.
67GF Score

Get the complete analysis for MIL:MARR

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

€6.85
Price
€11.38
GF Value