Tinexta (MIL:TNXT) Cyclically Adjusted PB Ratio: 2.65 (As of Jul. 24, 2026) — Near Median

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MIL:TNXT Tinexta MIL:TNXT
84 GF Score
Price €15.02
GF Value €15.21
Valuation Fairly Valued
! 10 Warning Signs
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What is Tinexta Cyclically Adjusted PB Ratio?

Tinexta MIL:TNXT -0.07% 84 Cyclically Adjusted PB Ratio is 2.65 as of Jul. 24, 2026, which is 1% below its 10-year median of 2.67. GuruFocus rates MIL:TNXT with a GF Score™ of 84/100 and a GF Value™ of €15.21 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,591 Software companies, Tinexta ranks worse than 55.56% on this metric.

As of today (2026-07-24), Tinexta's current share price is €15.02. Tinexta's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €5.66. Tinexta's Cyclically Adjusted PB Ratio for today is 2.65.

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

MIL:TNXT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 2.67   Max: 2.77
Current: 2.66

During the past years, Tinexta's highest Cyclically Adjusted PB Ratio was 2.77. The lowest was 0.10. And the median was 2.67.

MIL:TNXT's Cyclically Adjusted PB Ratio is ranked worse than
55.56% of 1591 companies
in the Software industry
Industry Median: 2.26 vs MIL:TNXT: 2.66

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.

Tinexta's adjusted book value per share data for the three months ended in Mar. 2026 was €4.269. 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 €5.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tinexta  (MIL:TNXT) 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.


Tinexta Cyclically Adjusted PB Ratio Related Terms


Tinexta Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tinexta'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.

Tinexta Cyclically Adjusted PB Ratio Chart

Tinexta 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 0.00 0.00 0.00 0.10 2.67

Tinexta 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 1.73 2.31 2.70 2.67 2.64

MIL:TNXT vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Tinexta'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.


Tinexta Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Tinexta's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:TNXT
84GF Score
Tinexta MIL:TNXT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tinexta 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.

Tinexta's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.02/5.66
=2.65

* 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.

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

For example, Tinexta'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)
=4.269/124.5600*124.5600
=4.269

Current CPI (Mar. 2026) = 124.5600.

Tinexta Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.254 99.900 4.057
201609 2.702 100.100 3.362
201612 2.805 100.300 3.483
201703 2.762 101.000 3.406
201706 2.744 101.100 3.381
201709 2.871 101.200 3.534
201712 3.063 101.200 3.770
201803 2.861 101.800 3.501
201806 2.898 102.400 3.525
201809 2.891 102.600 3.510
201812 3.020 102.300 3.677
201903 2.957 102.800 3.583
201906 2.861 103.100 3.457
201909 2.974 102.900 3.600
201912 3.084 102.800 3.737
202003 3.140 102.900 3.801
202006 3.177 102.900 3.846
202009 3.438 102.300 4.186
202012 3.661 102.600 4.445
202103 3.589 103.700 4.311
202106 3.529 104.200 4.219
202109 3.951 104.900 4.691
202112 4.256 106.600 4.973
202203 5.635 110.400 6.358
202206 5.593 112.500 6.193
202209 6.692 114.200 7.299
202212 8.018 119.000 8.393
202303 9.273 118.800 9.723
202306 8.918 119.700 9.280
202309 8.948 120.300 9.265
202312 9.003 119.700 9.369
202403 8.789 120.200 9.108
202406 8.385 120.700 8.653
202409 8.279 121.200 8.509
202412 8.908 121.200 9.155
202503 8.925 122.500 9.075
202506 8.362 122.700 8.489
202509 8.132 123.100 8.228
202512 6.830 122.600 6.939
202603 4.269 124.560 4.269

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 2.65 mean?
Tinexta (MIL:TNXT) has a Cyclically Adjusted PB Ratio of 2.65 as of Jul. 24, 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 Tinexta and its competitors. This is near median its historical median of 2.67. Over the past decade, Tinexta's Cyclically Adjusted PB Ratio has ranged from 0.10 to 2.77. According to the industry distribution chart, Tinexta ranks #884 out of 1591 companies in the Software industry, placing it in the top 55.6%.
Is Tinexta's Cyclically Adjusted PB Ratio too high?
Tinexta's current Cyclically Adjusted PB Ratio of 2.65 is near median its 10-year median of 2.67. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 2.77. The Software industry median Cyclically Adjusted PB Ratio is 2.26. Tinexta's value of 2.65 is 17.3% above this industry median. Based on the distribution chart, Tinexta ranks #884 out of 1591 companies in the Software industry, which is below the industry midpoint. Overall, Tinexta has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tinexta's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Tinexta ranks #884 out of 1591 companies for Cyclically Adjusted PB Ratio. This places Tinexta in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.26. Tinexta's value of 2.65 is 17.3% above this benchmark. Historically, Tinexta's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 2.77 over the past decade. While the company's 10-year median is 2.67 vs. the industry median of 2.26, Tinexta has consistently been above 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.26, based on 1,591 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. Tinexta's current Cyclically Adjusted PB Ratio of 2.65 is 17.3% above 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 Tinexta and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tinexta's current Cyclically Adjusted PB Ratio is 2.65, which is near median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tinexta stock overvalued right now?
Based on GuruFocus' analysis, Tinexta (MIL:TNXT) is currently considered Fairly Valued. The stock's GF Value™ is €15.21, compared to a current price of €15.02 — trading 1.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.65, which is near median its 10-year median of 2.67 and 17.3% above the Software industry median of 2.26. Tinexta's overall GF Score™ is 84/100 with 10 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 Tinexta (MIL:TNXT), the current Cyclically Adjusted PB Ratio is 2.65 as of Jul. 24, 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 Tinexta (MIL:TNXT) Overvalued in 2026?

Based on GuruFocus' analysis, Tinexta stock appears to be undervalued. The current stock price of €15.02 is trading 1.2% below its estimated GF Value™ of €15.21. GuruFocus considers Tinexta to be Fairly Valued.

Key valuation signals for MIL:TNXT:

  • Cyclically Adjusted PB Ratio: 2.65 (near median its 10-year median of 2.67)
  • GF Value™: €15.21 vs. price of €15.02 (1.2% below fair value)
  • GF Score™: 84/100 with 10 warning signs
  • Industry Position: 17.3% above the Software median (#884 of 1591)

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


Tinexta Business Description

Other Exchanges 0RIW:UK
Address Piazzale Flaminio, 1/B, Rome, ITA, 00196
Tinexta is an operator of an industrial group intended for the digital transformation and growth of companies. The company offers advanced services for digital identity and certification, cybersecurity, digital marketing, and access to financing, enabling companies, professionals, and institutions to get access to innovation and internationalization. Its segments include: Digital Trust, Cybersecurity, and Business Innovation. The company derives maximum revenue from Digital Trust segment. The Digital Trust segment leads citizens, professionals, institutions and businesses towards sustainable digitalization that is aligned with the market standards. It designs solutions that add value to any process, guaranteeing compliance with national and international regulations in every country.
84GF Score

Get the complete analysis for MIL:TNXT

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

€15.02
Price
€15.21
GF Value