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Technical Publications Service SpAMIL:TPS 94 Cyclically Adjusted PB Ratio is 2.52 as of Jul. 15, 2026, which is 0% below its 10-year median of 2.53. GuruFocus rates MIL:TPS with a GF Score™ of 94/100 and a GF Value™ of €7.25 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 738 Transportation companies, Technical Publications Service SpA ranks worse than 76.69% on this metric.
The historical rank and industry rank for Technical Publications Service SpA's Cyclically Adjusted PB Ratio or its related term are showing as below:
MIL:TPS'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.24 Med: 2.53 Max: 2.86
Current: 2.52
During the past 11 years, Technical Publications Service SpA's highest Cyclically Adjusted PB Ratio was 2.86. The lowest was 2.24. And the median was 2.53.
MIL:TPS's Cyclically Adjusted PB Ratio is ranked worse than 76.69% of 738
companies
in the Transportation industry
Industry Median: 1.24
vs MIL:TPS: 2.52
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.
Technical Publications Service SpA's adjusted book value per share data of for the fiscal year that ended in Dec25 was €5.285. 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 €3.35 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Technical Publications Service SpA (MIL:TPS) 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.
Technical Publications Service SpA Cyclically Adjusted PB Ratio Related Terms
Technical Publications Service SpA Cyclically Adjusted PB Ratio Historical Data
* 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.
Technical Publications Service SpA Cyclically Adjusted PB Ratio Chart
MIL:TPS vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison
For the Airports & Air Services subindustry, Technical Publications Service 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.
Technical Publications Service SpA Cyclically Adjusted PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Technical Publications Service SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Technical Publications Service SpA's Cyclically Adjusted PB Ratio falls into.
Technical Publications Service 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.
* 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.
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 2.52 mean?
Technical Publications Service SpA (MIL:TPS) has a Cyclically Adjusted PB Ratio of 2.52 as of Jul. 15, 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 Technical Publications Service SpA and its competitors. This is near median its historical median of 2.53. Over the past decade, Technical Publications Service SpA's Cyclically Adjusted PB Ratio has ranged from 2.24 to 2.86. According to the industry distribution chart, Technical Publications Service SpA ranks #566 out of 738 companies in the Transportation industry, placing it in the top 76.7%.
Is Technical Publications Service SpA's Cyclically Adjusted PB Ratio too high?
Technical Publications Service SpA's current Cyclically Adjusted PB Ratio of 2.52 is near median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 2.24 to a high of 2.86. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. Technical Publications Service SpA's value of 2.52 is 103.2% above this industry median. Based on the distribution chart, Technical Publications Service SpA ranks #566 out of 738 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Technical Publications Service SpA has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Technical Publications Service SpA's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Technical Publications Service SpA ranks #566 out of 738 companies for Cyclically Adjusted PB Ratio. This places Technical Publications Service SpA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Technical Publications Service SpA's value of 2.52 is 103.2% above this benchmark. Historically, Technical Publications Service SpA's own Cyclically Adjusted PB Ratio has ranged from 2.24 to 2.86 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 1.24, Technical Publications Service SpA 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.24, based on 738 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. Technical Publications Service SpA's current Cyclically Adjusted PB Ratio of 2.52 is 103.2% 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 Technical Publications Service SpA and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technical Publications Service SpA's current Cyclically Adjusted PB Ratio is 2.52, which is near median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technical Publications Service SpA stock overvalued right now?
Based on GuruFocus' analysis, Technical Publications Service SpA (MIL:TPS) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.25, compared to a current price of €8.45 — trading 16.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.52, which is near median its 10-year median of 2.53 and 103.2% above the Transportation industry median of 1.24. Technical Publications Service SpA's overall GF Score™ is 94/100 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 Technical Publications Service SpA (MIL:TPS), the current Cyclically Adjusted PB Ratio is 2.52 as of Jul. 15, 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 Technical Publications Service SpA (MIL:TPS) Overvalued in 2026?
Based on GuruFocus' analysis, Technical Publications Service SpA stock appears to be overvalued.
The current stock price of €8.45 is trading 16.6% above its estimated GF Value™ of €7.25.
GuruFocus considers Technical Publications Service SpA to be Modestly Overvalued.
Key valuation signals for MIL:TPS:
Cyclically Adjusted PB Ratio: 2.52 (near median its 10-year median of 2.53)
GF Value™: €7.25 vs. price of €8.45 (16.6% above fair value)
Industry Position: 103.2% above the Transportation median (#566 of 738)
No single metric tells the full story. See the MIL:TPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technical Publications Service SpA Business Description
Technical Publications Service SpA provides technical publications services to the aerospace industry. The company creates logistical support, use and maintenance manuals, spare parts catalogs, after-sales support documents, etc.
94GF Score
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