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Tamburi Investment Partners SpA (MIL:TIP) Cyclically Adjusted PB Ratio : 1.88 (As of Jun. 13, 2024)


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What is Tamburi Investment Partners SpA Cyclically Adjusted PB Ratio?

As of today (2024-06-13), Tamburi Investment Partners SpA's current share price is €9.55. Tamburi Investment Partners SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €5.08. Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio for today is 1.88.

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

MIL:TIP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54   Med: 2.29   Max: 3.06
Current: 1.88

During the past years, Tamburi Investment Partners SpA's highest Cyclically Adjusted PB Ratio was 3.06. The lowest was 1.54. And the median was 2.29.

MIL:TIP's Cyclically Adjusted PB Ratio is ranked worse than
85.16% of 957 companies
in the Asset Management industry
Industry Median: 0.79 vs MIL:TIP: 1.88

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.

Tamburi Investment Partners SpA's adjusted book value per share data for the three months ended in Mar. 2024 was €8.229. 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 €5.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tamburi Investment Partners SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tamburi Investment Partners 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.

* Premium members only.

Tamburi Investment Partners SpA Cyclically Adjusted PB Ratio Chart

Tamburi Investment Partners SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.56 2.31 2.76 1.62 1.83

Tamburi Investment Partners SpA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.78 1.91 1.69 1.83 1.89

Competitive Comparison of Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Tamburi Investment Partners 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.


Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tamburi Investment Partners 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.

Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.55/5.08
=1.88

* 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.

Tamburi Investment Partners SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tamburi Investment Partners SpA's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.229/120.2000*120.2000
=8.229

Current CPI (Mar. 2024) = 120.2000.

Tamburi Investment Partners SpA Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.987 100.093 2.386
201409 1.922 99.814 2.315
201412 1.995 99.721 2.405
201503 2.564 99.814 3.088
201506 2.567 100.279 3.077
201509 2.511 100.000 3.018
201512 2.391 99.814 2.879
201603 2.284 99.600 2.756
201606 2.325 99.900 2.797
201609 2.544 100.100 3.055
201612 2.776 100.300 3.327
201703 3.187 101.000 3.793
201706 3.201 101.100 3.806
201709 3.670 101.200 4.359
201712 3.858 101.200 4.582
201803 4.049 101.800 4.781
201806 4.406 102.400 5.172
201809 4.229 102.600 4.954
201812 3.856 102.300 4.531
201903 4.255 102.800 4.975
201906 4.382 103.100 5.109
201909 4.558 102.900 5.324
201912 4.921 102.800 5.754
202003 3.708 102.900 4.331
202006 4.329 102.900 5.057
202009 4.882 102.300 5.736
202012 5.515 102.600 6.461
202103 5.421 103.700 6.284
202106 6.157 104.200 7.102
202109 6.182 104.900 7.084
202112 7.006 106.600 7.900
202203 6.422 110.400 6.992
202206 5.871 112.500 6.273
202209 6.350 114.200 6.684
202212 6.768 119.000 6.836
202303 7.283 118.800 7.369
202306 7.507 119.700 7.538
202309 7.128 120.300 7.122
202312 7.996 119.700 8.029
202403 8.229 120.200 8.229

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.


Tamburi Investment Partners SpA  (MIL:TIP) 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.


Tamburi Investment Partners SpA Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Tamburi Investment Partners SpA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tamburi Investment Partners SpA (MIL:TIP) Business Description

Traded in Other Exchanges
Address
Via Pontaccio 10, Milan, ITA, 20121
Tamburi Investment Partners SpA is an independent investment merchant bank. It is engaged in minority investments and advisory in corporate finance transactions. The company involves in listed and unlisted companies as a shareholder for the transactions below certain benchmarks and also in corporate finance operations in particular acquisitions and sales through the division.

Tamburi Investment Partners SpA (MIL:TIP) Headlines

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