RCDTF (Recordati SpA) Cyclically Adjusted PB Ratio: 6.57 (As of Jul. 31, 2026) — 18% Below Median

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RCDTF Recordati SpA RCDTF
89 GF Score
Price $58.00
GF Value $68.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Recordati SpA Cyclically Adjusted PB Ratio?

Recordati SpA RCDTF -3.33% 89 Cyclically Adjusted PB Ratio is 6.57 as of Jul. 31, 2026, which is 18% below its 10-year median of 8.03. GuruFocus rates RCDTF with a GF Score™ of 89/100 and a GF Value™ of $68.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 746 Drug Manufacturers companies, Recordati SpA ranks worse than 87.27% on this metric.

As of today (2026-07-31), Recordati SpA's current share price is $58.00. Recordati SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $8.83. Recordati SpA's Cyclically Adjusted PB Ratio for today is 6.57.

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

RCDTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.08   Med: 8.03   Max: 12.3
Current: 6.59

During the past years, Recordati SpA's highest Cyclically Adjusted PB Ratio was 12.30. The lowest was 6.08. And the median was 8.03.

RCDTF's Cyclically Adjusted PB Ratio is ranked worse than
87.27% of 746 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs RCDTF: 6.59

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.

Recordati SpA's adjusted book value per share data for the three months ended in Jun. 2026 was $12.064. 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 $8.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Recordati SpA  (OTCPK:RCDTF) 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.


Recordati SpA Cyclically Adjusted PB Ratio Related Terms


Recordati SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Recordati 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.

Recordati SpA Cyclically Adjusted PB Ratio Chart

Recordati 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 11.39 6.55 7.70 7.38 6.61

Recordati 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 7.47 7.11 6.61 6.47 6.57

RCDTF vs LLY, JNJ, ABBV: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, Recordati 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.


Recordati SpA Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Recordati SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


RCDTF
89GF Score
Recordati SpA RCDTF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Recordati 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.

Recordati SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=58.00/8.83
=6.57

* 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.

Recordati SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Recordati 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)
=12.064/126.4000*126.4000
=12.064

Current CPI (Jun. 2026) = 126.4000.

Recordati SpA Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.404 100.100 6.824
201612 4.645 100.300 5.854
201703 5.193 101.000 6.499
201706 5.425 101.100 6.783
201709 6.036 101.200 7.539
201712 5.836 101.200 7.289
201803 5.523 101.800 6.858
201806 5.200 102.400 6.419
201809 5.651 102.600 6.962
201812 5.373 102.300 6.639
201903 5.911 102.800 7.268
201906 5.934 103.100 7.275
201909 6.311 102.900 7.752
201912 6.471 102.800 7.957
202003 6.672 102.900 8.196
202006 6.794 102.900 8.346
202009 7.350 102.300 9.082
202012 7.525 102.600 9.271
202103 7.668 103.700 9.347
202106 7.753 104.200 9.405
202109 8.238 104.900 9.926
202112 7.582 106.600 8.990
202203 7.765 110.400 8.890
202206 7.682 112.500 8.631
202209 7.760 114.200 8.589
202212 7.973 119.000 8.469
202303 8.626 118.800 9.178
202306 8.490 119.700 8.965
202309 8.937 120.300 9.390
202312 8.927 119.700 9.427
202403 9.574 120.200 10.068
202406 9.419 120.700 9.864
202409 10.108 121.200 10.542
202412 9.526 121.200 9.935
202503 10.379 122.500 10.709
202506 10.496 122.700 10.813
202509 11.061 123.100 11.358
202512 11.000 122.600 11.341
202603 11.708 124.560 11.881
202606 12.064 126.400 12.064

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 6.57 mean?
Recordati SpA (RCDTF) has a Cyclically Adjusted PB Ratio of 6.57 as of Jul. 31, 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 Recordati SpA and its competitors. This is 18% below median its historical median of 8.03. Over the past decade, Recordati SpA's Cyclically Adjusted PB Ratio has ranged from 6.08 to 12.30. According to the industry distribution chart, Recordati SpA ranks #651 out of 746 companies in the Drug Manufacturers industry, placing it in the top 87.3%.
Is Recordati SpA's Cyclically Adjusted PB Ratio too high?
Recordati SpA's current Cyclically Adjusted PB Ratio of 6.57 is 18% below median its 10-year median of 8.03. Over the past 10 years, this metric has ranged from a low of 6.08 to a high of 12.30. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Recordati SpA's value of 6.57 is 267% above this industry median. Based on the distribution chart, Recordati SpA ranks #651 out of 746 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Recordati SpA has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Recordati SpA's Cyclically Adjusted PB Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Recordati SpA ranks #651 out of 746 companies for Cyclically Adjusted PB Ratio. This places Recordati SpA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Recordati SpA's value of 6.57 is 267% above this benchmark. Historically, Recordati SpA's own Cyclically Adjusted PB Ratio has ranged from 6.08 to 12.30 over the past decade. While the company's 10-year median is 8.03 vs. the industry median of 1.79, Recordati 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.79, based on 746 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. Recordati SpA's current Cyclically Adjusted PB Ratio of 6.57 is 267% 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 Recordati SpA and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Recordati SpA's current Cyclically Adjusted PB Ratio is 6.57, which is 18% below median its own 10-year median of 8.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Recordati SpA stock overvalued right now?
Based on GuruFocus' analysis, Recordati SpA (RCDTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $68.80, compared to a current price of $58.00 — trading 15.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.57, which is 18% below median its 10-year median of 8.03 and 267% above the Drug Manufacturers industry median of 1.79. Recordati SpA's overall GF Score™ is 89/100 with 3 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 Recordati SpA (RCDTF), the current Cyclically Adjusted PB Ratio is 6.57 as of Jul. 31, 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 Recordati SpA (RCDTF) Overvalued in 2026?

Based on GuruFocus' analysis, Recordati SpA stock appears to be undervalued. The current stock price of $58.00 is trading 15.7% below its estimated GF Value™ of $68.80. GuruFocus considers Recordati SpA to be Modestly Undervalued.

Key valuation signals for RCDTF:

  • Cyclically Adjusted PB Ratio: 6.57 (18% below median its 10-year median of 8.03)
  • GF Value™: $68.80 vs. price of $58.00 (15.7% below fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 267% above the Drug Manufacturers median (#651 of 746)

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


Recordati SpA Business Description

Address Via Matteo Civitali 1, MIlan, ITA, 20148
Recordati SpA is engaged in the development, production, and marketing of pharmaceutical products or of pharmaceutical chemicals. The Company operates in a broad and diverse context, which includes general medicine, specialist medicine, self-medication, and rare diseases. In addition, it is also active in the field of urology, with treatments for benign prostatic hyperplasia and male functional disorders, and in psychiatry. The Company's only operating segment is the Specialty & Primary Care segment. Its geographic areas are Europe, Australasia, America, and Africa.
89GF Score

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

$58.00
Price
$68.80
GF Value