Tamburi Investment Partners SpA (MIL:TIP) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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MIL:TIP Tamburi Investment Partners SpA MIL:TIP
69 GF Score
Price €8.63
GF Value €11.66
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Tamburi Investment Partners SpA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


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


Tamburi Investment Partners SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Tamburi Investment Partners SpA Cyclically Adjusted PB Ratio Chart

Tamburi Investment Partners 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 2.34 1.39 1.60 1.30 1.30

Tamburi Investment Partners 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 1.22 1.27 1.38 1.12 1.22

MIL:TIP vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


MIL:TIP
69GF Score
Tamburi Investment Partners SpA MIL:TIP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Tamburi Investment Partners 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)
=9.528/126.4000*126.4000
=9.528

Current CPI (Jun. 2026) = 126.4000.

Tamburi Investment Partners SpA Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.765 100.100 3.491
201612 2.987 100.300 3.764
201703 3.412 101.000 4.270
201706 3.420 101.100 4.276
201709 3.904 101.200 4.876
201712 4.115 101.200 5.140
201803 4.320 101.800 5.364
201806 4.671 102.400 5.766
201809 4.587 102.600 5.651
201812 4.205 102.300 5.196
201903 4.620 102.800 5.681
201906 4.743 103.100 5.815
201909 5.141 102.900 6.315
201912 5.562 102.800 6.839
202003 4.123 102.900 5.065
202006 4.913 102.900 6.035
202009 5.598 102.300 6.917
202012 6.358 102.600 7.833
202103 6.166 103.700 7.516
202106 6.587 104.200 7.990
202109 6.619 104.900 7.976
202112 7.483 106.600 8.873
202203 6.880 110.400 7.877
202206 6.321 112.500 7.102
202209 6.817 114.200 7.545
202212 7.004 119.000 7.440
202303 7.537 118.800 8.019
202306 8.190 119.700 8.648
202309 7.767 120.300 8.161
202312 8.689 119.700 9.175
202403 8.928 120.200 9.389
202406 8.640 120.700 9.048
202409 8.316 121.200 8.673
202412 8.830 121.200 9.209
202503 8.672 122.500 8.948
202506 8.681 122.700 8.943
202509 9.265 123.100 9.513
202512 9.309 122.600 9.598
202603 8.671 124.560 8.799
202606 9.528 126.400 9.528

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 Tamburi Investment Partners SpA (MIL:TIP) Overvalued in 2026?

Based on GuruFocus' analysis, Tamburi Investment Partners SpA stock appears to be undervalued. The current stock price of €8.63 is trading 26% below its estimated GF Value™ of €11.66. GuruFocus considers Tamburi Investment Partners SpA to be Modestly Undervalued.

Key valuation signals for MIL:TIP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €11.66 vs. price of €8.63 (26% below fair value)
  • GF Score™: 69/100 with 11 warning signs

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


Tamburi Investment Partners SpA Business Description

Other Exchanges 0G9J:UKT1I:Germany
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.
69GF Score

Get the complete analysis for MIL:TIP

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

€8.63
Price
€11.66
GF Value