Piaggio & C. SpA (Piaggio & C. SpA) Cyclically Adjusted PB Ratio : 2.27 (As of Jun. 05, 2024)

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What is Piaggio & C. SpA Cyclically Adjusted PB Ratio?

As of today (2024-06-05), Piaggio & C. SpA's current share price is $15.95. Piaggio & C. SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $7.02. Piaggio & C. SpA's Cyclically Adjusted PB Ratio for today is 2.27.

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

PGGCY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22 Med: 2.19 Max: 3.15
Current: 2.21

During the past years, Piaggio & C. SpA's highest Cyclically Adjusted PB Ratio was 3.15. The lowest was 1.22. And the median was 2.19.

PGGCY's Cyclically Adjusted PB Ratio is ranked worse than
66.77% of 990 companies
in the Vehicles & Parts industry
Industry Median: 1.35 vs PGGCY: 2.21

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.

Piaggio & C. SpA's adjusted book value per share data for the three months ended in Mar. 2024 was $5.359. 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 $7.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Piaggio & C. SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Piaggio & C. 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.

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Piaggio & C. SpA Cyclically Adjusted PB Ratio Chart

Piaggio & C. SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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2.34

2.44

2.17

2.32

Piaggio & C. 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															3.06	2.94	2.34	2.32	2.28

Competitive Comparison of Piaggio & C. SpA's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Piaggio & C. 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.

Piaggio & C. SpA's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Piaggio & C. SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Piaggio & C. 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.

Piaggio & C. SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	15.95	/	7.02
	=	2.27

Piaggio & C. SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Piaggio & C. 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)
	=	5.359	/	120.2000	*	120.2000
	=	5.359

Current CPI (Mar. 2024) = 120.2000.

Piaggio & C. SpA Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	6.150	100.093	7.385
201409	5.963	99.814	7.181
201412	5.628	99.721	6.784
201503	5.063	99.814	6.097
201506	5.081	100.279	6.090
201509	5.084	100.000	6.111
201512	4.880	99.814	5.877
201603	4.920	99.600	5.938
201606	4.932	99.900	5.934
201609	4.931	100.100	5.921
201612	4.642	100.300	5.563
201703	4.766	101.000	5.672
201706	4.912	101.100	5.840
201709	5.192	101.200	6.167
201712	5.092	101.200	6.048
201803	5.237	101.800	6.184
201806	5.017	102.400	5.889
201809	5.049	102.600	5.915
201812	4.994	102.300	5.868
201903	5.089	102.800	5.950
201906	4.983	103.100	5.809
201909	4.777	102.900	5.580
201912	4.777	102.800	5.586
202003	4.792	102.900	5.598
202006	4.648	102.900	5.429
202009	5.094	102.300	5.985
202012	5.071	102.600	5.941
202103	5.212	103.700	6.041
202106	5.560	104.200	6.414
202109	5.182	104.900	5.938
202112	5.116	106.600	5.769
202203	5.154	110.400	5.612
202206	5.026	112.500	5.370
202209	4.631	114.200	4.874
202212	4.994	119.000	5.044
202303	5.308	118.800	5.371
202306	5.360	119.700	5.382
202309	5.038	120.300	5.034
202312	5.125	119.700	5.146
202403	5.359	120.200	5.359

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.

Piaggio & C. SpA (OTCPK:PGGCY) 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.

Piaggio & C. SpA Cyclically Adjusted PB Ratio Related Terms

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

Piaggio & C. SpA (Piaggio & C. SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Piaggio & C. SpA (OTCPK:PGGCY) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

PIAGF:USA PIA:Italy 0FM1:UK P1I:Germany

Address

Viale Rinaldo Piaggio, 25, Pontedera, Pisa, ITA, 56025

Website

https://www.piaggiogroup.com

Piaggio & C. SpA is an Italian manufacturer of motor vehicles with international operations. The product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and Scarabeo brands, as well as three- and four-wheeler light vehicles, marketed under the Ape, Porter and Quargo brands. Piaggio's sales are mainly in Europe, the Middle East, Africa; the Americas; and India, but are also in the Asia-Pacific region. The firm's manufacturing units are located in Italy, India, and Vietnam. Piaggio has a 45% stake in a Chinese joint-venture operation.