Fiera Milano SpACHIX:FMM 72 Cyclically Adjusted PS Ratio is 1.91 as of Jul. 06, 2026, which is 136% above its 10-year median of 0.81. GuruFocus rates CHIX:FMM with a GF Score™ of 72/100 and a GF Value™ of €2.08. The stock has 3 warning signs investors should review. Among 717 Business Services companies, Fiera Milano SpA ranks worse than 77.27% on this metric.
The historical rank and industry rank for Fiera Milano SpA's Cyclically Adjusted PS Ratio or its related term are showing as below:
CHIX:FMm'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.81 Max: 2.41
Current: 2.41
During the past years, Fiera Milano SpA's highest Cyclically Adjusted PS Ratio was 2.41. The lowest was 0.31. And the median was 0.81.
CHIX:FMm's Cyclically Adjusted PS Ratio is ranked worse than 77.27% of 717
companies
in the Business Services industry
Industry Median: 0.9
vs CHIX:FMm: 2.41
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Fiera Milano SpA's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.782. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €1.64 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Fiera Milano SpA (CHIX:FMm) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Fiera Milano SpA Cyclically Adjusted PS Ratio Related Terms
Fiera Milano SpA Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Fiera Milano SpA's Cyclically Adjusted PS 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.
Fiera Milano SpA Cyclically Adjusted PS Ratio Chart
CHIX:FMM vs CTAS, CPRT, ULS: Cyclically Adjusted PS Ratio Comparison
For the Specialty Business Services subindustry, Fiera Milano SpA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
Fiera Milano SpA Cyclically Adjusted PS Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Fiera Milano SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Fiera Milano SpA's Cyclically Adjusted PS Ratio falls into.
Fiera Milano SpA Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
Fiera Milano SpA's Cyclically Adjusted PS Ratio for today is calculated as
* 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 PS Ratio of 1.91 mean?
Fiera Milano SpA (CHIX:FMM) has a Cyclically Adjusted PS Ratio of 1.91 as of Jul. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Fiera Milano SpA and its competitors. This is 136% above median its historical median of 0.81. Over the past decade, Fiera Milano SpA's Cyclically Adjusted PS Ratio has ranged from 0.31 to 2.41. According to the industry distribution chart, Fiera Milano SpA ranks #554 out of 717 companies in the Business Services industry, placing it in the top 77.3%.
Is Fiera Milano SpA's Cyclically Adjusted PS Ratio too high?
Fiera Milano SpA's current Cyclically Adjusted PS Ratio of 1.91 is 136% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 2.41. The Business Services industry median Cyclically Adjusted PS Ratio is 0.90. Fiera Milano SpA's value of 1.91 is 112.2% above this industry median. Based on the distribution chart, Fiera Milano SpA ranks #554 out of 717 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Fiera Milano SpA has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Fiera Milano SpA's Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Fiera Milano SpA ranks #554 out of 717 companies for Cyclically Adjusted PS Ratio. This places Fiera Milano SpA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Fiera Milano SpA's value of 1.91 is 112.2% above this benchmark. Historically, Fiera Milano SpA's own Cyclically Adjusted PS Ratio has ranged from 0.31 to 2.41 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.90, Fiera Milano 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 PS Ratio for a Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.90, based on 717 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fiera Milano SpA's current Cyclically Adjusted PS Ratio of 1.91 is 112.2% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Fiera Milano SpA and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Milano SpA's current Cyclically Adjusted PS Ratio is 1.91, which is 136% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Milano SpA stock overvalued right now?
Fiera Milano SpA (CHIX:FMM) has a current Cyclically Adjusted PS Ratio of 1.91. The stock's GF Value™ is €2.08, compared to a current price of €3.13 — trading 50.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.91, which is 136% above median its 10-year median of 0.81 and 112.2% above the Business Services industry median of 0.90. Fiera Milano SpA's overall GF Score™ is 72/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Fiera Milano SpA (CHIX:FMM), the current Cyclically Adjusted PS Ratio is 1.91 as of Jul. 06, 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 Fiera Milano SpA (CHIX:FMM) Overvalued in 2026?
Based on GuruFocus' analysis, Fiera Milano SpA stock appears to be overvalued.
The current stock price of €3.13 is trading 50.5% above its estimated GF Value™ of €2.08.
Key valuation signals for CHIX:FMM:
Cyclically Adjusted PS Ratio: 1.91 (136% above median its 10-year median of 0.81)
GF Value™: €2.08 vs. price of €3.13 (50.5% above fair value)
Industry Position: 112.2% above the Business Services median (#554 of 717)
No single metric tells the full story. See the CHIX:FMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, Congresses, and Other Sectors. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions segment. Geographically, it operates in Italy and Abroad, where it derives maximum revenue from Italy.
72GF Score
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