Banca Monte dei Paschi di Siena (WBO:BMPS) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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.

WBO:BMPS Banca Monte dei Paschi di Siena WBO:BMPS
22 GF Score
Price €11.89
GF Value €4.15
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banca Monte dei Paschi di Siena  (WBO:BMPS) 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.


Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio Related Terms


Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Banca Monte dei Paschi di Siena'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.

Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio Chart

Banca Monte dei Paschi di Siena 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 0.01

Banca Monte dei Paschi di Siena 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 0.00 0.00 0.01 0.01 0.01

Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Banca Monte dei Paschi di Siena'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.


Banca Monte dei Paschi di Siena Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Banca Monte dei Paschi di Siena's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Banca Monte dei Paschi di Siena's Cyclically Adjusted PB Ratio falls into.


WBO:BMPS
22GF Score
Banca Monte dei Paschi di Siena WBO:BMPS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banca Monte dei Paschi di Siena 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.

Banca Monte dei Paschi di Siena's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Banca Monte dei Paschi di Siena'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)
=9.355/124.5600*124.5600
=9.355

Current CPI (Mar. 2026) = 124.5600.

Banca Monte dei Paschi di Siena Quarterly Data

Book Value per Share CPI Adj_Book
201606 7,056.645 99.900 8,798.556
201609 6,215.778 100.100 7,734.638
201612 4,566.749 100.300 5,671.329
201703 4,294.172 101.000 5,295.862
201706 2,166.098 101.100 2,668.736
201709 206.566 101.200 254.248
201712 196.839 101.200 242.275
201803 175.496 101.800 214.733
201806 169.762 102.400 206.500
201809 169.279 102.600 205.511
201812 169.714 102.300 206.643
201903 171.538 102.800 207.848
201906 176.215 103.100 212.894
201909 180.945 102.900 219.033
201912 156.260 102.800 189.336
202003 149.614 102.900 181.107
202006 135.107 102.900 163.546
202009 127.784 102.300 155.589
202012 124.479 102.600 151.122
202103 129.522 103.700 155.576
202106 130.814 104.200 156.374
202109 134.812 104.900 160.078
202112 128.311 106.600 149.929
202203 124.849 110.400 140.862
202206 121.327 112.500 134.333
202209 110.256 114.200 120.258
202212 6.240 119.000 6.532
202303 6.453 118.800 6.766
202306 6.747 119.700 7.021
202309 6.991 120.300 7.239
202312 7.921 119.700 8.243
202403 8.182 120.200 8.479
202406 8.570 120.700 8.844
202409 8.943 121.200 9.191
202412 9.247 121.200 9.503
202503 9.565 122.500 9.726
202506 9.106 122.700 9.244
202509 8.801 123.100 8.905
202512 9.203 122.600 9.350
202603 9.355 124.560 9.355

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 Banca Monte dei Paschi di Siena (WBO:BMPS) Overvalued in 2026?

Based on GuruFocus' analysis, Banca Monte dei Paschi di Siena stock appears to be overvalued. The current stock price of €11.89 is trading 186.5% above its estimated GF Value™ of €4.15. GuruFocus considers Banca Monte dei Paschi di Siena to be Significantly Overvalued.

Key valuation signals for WBO:BMPS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €4.15 vs. price of €11.89 (186.5% above fair value)
  • GF Score™: 22/100 with 10 warning signs

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


Banca Monte dei Paschi di Siena Business Description

Address Piazza Salimbeni, 3, Siena, ITA, 53100
Banca Monte dei Paschi di Siena is a banking group operating in Italy, mainly providing retail and commercial banking services. The group has five segments: Retail Banking, Wealth Management, Corporate Banking, Large Corporate & Investment Banking, and Mediobanca Group. Retail Banking serves retail customers, including Banca Widiba. Wealth Management focuses on private and family office clients. Corporate Banking serves SME and corporate clients. Large Corporate & Investment Banking provides corporate finance and investment banking services. The Mediobanca Group segment includes wealth management, consumer finance, and corporate and investment banking activities. It generates the majority of its revenue from the Retail Banking segment.
22GF Score

Get the complete analysis for WBO:BMPS

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

€11.89
Price
€4.15
GF Value