Dovalue SpA (STU:1DB0) Cyclically Adjusted PB Ratio: (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:1DB0 Dovalue SpA STU:1DB0
67 GF Score
Price €1.78
GF Value €1.07
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Dovalue SpA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dovalue SpA  (STU:1DB0) 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.


Dovalue SpA Cyclically Adjusted PB Ratio Related Terms


Dovalue SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dovalue 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.

Dovalue SpA Cyclically Adjusted PB Ratio Chart

Dovalue 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 0.00 0.00 0.00 0.00 0.84

Dovalue 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 0.00 0.00 0.84 0.55 0.00

STU:1DB0 vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Dovalue 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.


Dovalue SpA Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Dovalue SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:1DB0
67GF Score
Dovalue SpA STU:1DB0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dovalue 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.

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

For example, Dovalue 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)
=0.797/126.4000*126.4000
=0.797

Current CPI (Jun. 2026) = 126.4000.

Dovalue SpA Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.000 99.600 0.000
201612 4.654 100.300 5.865
201703 3.616 101.000 4.525
201706 0.000 101.100 0.000
201709 4.112 101.200 5.136
201712 4.564 101.200 5.700
201803 4.060 101.800 5.041
201806 4.399 102.400 5.430
201809 4.725 102.600 5.821
201812 5.127 102.300 6.335
201903 4.505 102.800 5.539
201906 4.274 103.100 5.240
201909 4.652 102.900 5.714
201912 4.531 102.800 5.571
202003 4.931 102.900 6.057
202006 4.225 102.900 5.190
202009 4.290 102.300 5.301
202012 3.397 102.600 4.185
202103 3.669 103.700 4.472
202106 3.114 104.200 3.777
202109 3.103 104.900 3.739
202112 3.425 106.600 4.061
202203 3.651 110.400 4.180
202206 3.148 112.500 3.537
202209 3.518 114.200 3.894
202212 2.983 119.000 3.168
202303 2.768 118.800 2.945
202306 1.887 119.700 1.993
202309 1.868 120.300 1.963
202312 1.156 119.700 1.221
202403 0.922 120.200 0.970
202406 1.403 120.700 1.469
202409 1.284 121.200 1.339
202412 1.068 121.200 1.114
202503 1.062 122.500 1.096
202506 1.043 122.700 1.074
202509 1.027 123.100 1.055
202512 1.024 122.600 1.056
202603 0.974 124.560 0.988
202606 0.797 126.400 0.797

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 Dovalue SpA (STU:1DB0) Overvalued in 2026?

Based on GuruFocus' analysis, Dovalue SpA stock appears to be overvalued. The current stock price of €1.78 is trading 66.4% above its estimated GF Value™ of €1.07. GuruFocus considers Dovalue SpA to be Significantly Overvalued.

Key valuation signals for STU:1DB0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.07 vs. price of €1.78 (66.4% above fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the STU:1DB0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dovalue SpA Business Description

Address Viale del Commercio, No. 47, Verona, ITA, 37135
Dovalue SpA is principally engaged in the management of credit portfolios and real estate arising from non-performing loans. It offers its clients, both banks and investors, services for the management of portfolios of non-performing loans (NPL), unlikely to pay (UTP), early arrears, and performing loans. Along with its subsidiaries, the company is also active in the management and development of real estate assets arising from the management of non-performing loans. In addition, the group offers various ancillary services such as legal services, due diligence services, data management services, and master servicing activities. Geographically, it operates in Italy, the Hellenic Region, and Spain. A majority of its revenue is generated from the Italy.
67GF Score

Get the complete analysis for STU:1DB0

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

€1.78
Price
€1.07
GF Value