Sabaf SpA (MIL:SAB) Cyclically Adjusted PB Ratio: 0.86 (As of Sep. 10, 2026) — 39% Below Median

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MIL:SAB Sabaf SpA MIL:SAB
63 GF Score
Price €11.25
GF Value €15.11
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Sabaf SpA Cyclically Adjusted PB Ratio?

Sabaf SpA MIL:SAB +2.27% 63 Cyclically Adjusted PB Ratio is 0.86 as of Sep. 10, 2026, which is 39% below its 10-year median of 1.42. GuruFocus rates MIL:SAB with a GF Score™ of 63/100 and a GF Value™ of €15.11 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 308 Furnishings, Fixtures & Appliances companies, Sabaf SpA ranks better than 58.12% on this metric.

As of today (2026-09-10), Sabaf SpA's current share price is €11.25. Sabaf SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €13.04. Sabaf SpA's Cyclically Adjusted PB Ratio for today is 0.86.

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

MIL:SAB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.42   Max: 2.67
Current: 0.86

During the past years, Sabaf SpA's highest Cyclically Adjusted PB Ratio was 2.67. The lowest was 0.86. And the median was 1.42.

MIL:SAB's Cyclically Adjusted PB Ratio is ranked better than
58.12% of 308 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.135 vs MIL:SAB: 0.86

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.

Sabaf SpA's adjusted book value per share data for the three months ended in Jun. 2026 was €11.975. 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 €13.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sabaf SpA  (MIL:SAB) 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.


Sabaf SpA Cyclically Adjusted PB Ratio Related Terms


Sabaf SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sabaf 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.

Sabaf SpA Cyclically Adjusted PB Ratio Chart

Sabaf 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 2.26 1.39 1.42 1.22 1.10

Sabaf 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 1.15 1.08 1.10 1.09 0.96

MIL:SAB vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Sabaf 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.


Sabaf SpA Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sabaf SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:SAB
63GF Score
Sabaf SpA MIL:SAB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sabaf 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.25/13.04
=0.86

* 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.

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

For example, Sabaf 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)
=11.975/126.4000*126.4000
=11.975

Current CPI (Jun. 2026) = 126.4000.

Sabaf SpA Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.706 100.100 12.256
201612 9.823 100.300 12.379
201703 9.978 101.000 12.487
201706 9.800 101.100 12.252
201709 9.945 101.200 12.421
201712 10.186 101.200 12.722
201803 10.273 101.800 12.755
201806 9.859 102.400 12.170
201809 9.826 102.600 12.105
201812 10.682 102.300 13.198
201903 10.773 102.800 13.246
201906 10.282 103.100 12.606
201909 10.094 102.900 12.399
201912 10.034 102.800 12.338
202003 9.762 102.900 11.991
202006 9.584 102.900 11.773
202009 9.171 102.300 11.332
202012 10.101 102.600 12.444
202103 10.618 103.700 12.942
202106 10.805 104.200 13.107
202109 11.316 104.900 13.635
202112 10.829 106.600 12.840
202203 11.715 110.400 13.413
202206 13.638 112.500 15.323
202209 13.829 114.200 15.306
202212 13.796 119.000 14.654
202303 14.138 118.800 15.042
202306 12.782 119.700 13.497
202309 13.229 120.300 13.900
202312 13.025 119.700 13.754
202403 13.535 120.200 14.233
202406 13.207 120.700 13.831
202409 12.954 121.200 13.510
202412 13.229 121.200 13.797
202503 13.094 122.500 13.511
202506 11.937 122.700 12.297
202509 12.107 123.100 12.432
202512 12.247 122.600 12.627
202603 12.818 124.560 13.007
202606 11.975 126.400 11.975

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 0.86 mean?
Sabaf SpA (MIL:SAB) has a Cyclically Adjusted PB Ratio of 0.86 as of Sep. 10, 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 Sabaf SpA and its competitors. This is 39% below median its historical median of 1.42. Over the past decade, Sabaf SpA's Cyclically Adjusted PB Ratio has ranged from 0.86 to 2.67. According to the industry distribution chart, Sabaf SpA ranks #129 out of 308 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 41.9%.
Is Sabaf SpA's Cyclically Adjusted PB Ratio too high?
Sabaf SpA's current Cyclically Adjusted PB Ratio of 0.86 is 39% below median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 2.67. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.14. Sabaf SpA's value of 0.86 is 24.2% below this industry median. Based on the distribution chart, Sabaf SpA ranks #129 out of 308 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Sabaf SpA has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sabaf SpA's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Sabaf SpA ranks #129 out of 308 companies for Cyclically Adjusted PB Ratio. This puts Sabaf SpA in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Sabaf SpA's value of 0.86 is 24.2% below this benchmark. Historically, Sabaf SpA's own Cyclically Adjusted PB Ratio has ranged from 0.86 to 2.67 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.14, Sabaf 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.14, based on 308 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. Sabaf SpA's current Cyclically Adjusted PB Ratio of 0.86 is 24.2% 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 Sabaf SpA and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sabaf SpA's current Cyclically Adjusted PB Ratio is 0.86, which is 39% below median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sabaf SpA stock overvalued right now?
Based on GuruFocus' analysis, Sabaf SpA (MIL:SAB) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.11, compared to a current price of €11.25 — trading 25.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.86, which is 39% below median its 10-year median of 1.42 and 24.2% below the Furnishings, Fixtures & Appliances industry median of 1.14. Sabaf SpA's overall GF Score™ is 63/100 with 6 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 Sabaf SpA (MIL:SAB), the current Cyclically Adjusted PB Ratio is 0.86 as of Sep. 10, 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 Sabaf SpA (MIL:SAB) Overvalued in 2026?

Based on GuruFocus' analysis, Sabaf SpA stock appears to be undervalued. The current stock price of €11.25 is trading 25.5% below its estimated GF Value™ of €15.11. GuruFocus considers Sabaf SpA to be Modestly Undervalued.

Key valuation signals for MIL:SAB:

  • Cyclically Adjusted PB Ratio: 0.86 (39% below median its 10-year median of 1.42)
  • GF Value™: €15.11 vs. price of €11.25 (25.5% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 24.2% below the Furnishings, Fixtures & Appliances median (#129 of 308)

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


Sabaf SpA Business Description

Other Exchanges 0NIG:UK
Address Via dei Carpini, 1, Ospitaletto, Brescia, ITA, 25035
Sabaf SpA is an Italy-based company engaged in manufacturing domestic gas cooking components. It operates in segments, including Gas parts, Hinges, Components for induction cooking, and Electronic components for household appliances. It generates maximum revenue from the Gas parts segment, which offers products like valves, burners, spark plugs, microswitches, injectors, and other components to complete the range. Geographically, it derives a majority of its revenue from Europe (excluding Turkey) and the rest from Turkey, North America, South America, Africa and Middle East, Asia, and Oceania.
63GF Score

Get the complete analysis for MIL:SAB

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

€11.25
Price
€15.11
GF Value