Fiera Milano SpA (MIL:FM) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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MIL:FM Fiera Milano SpA MIL:FM
75 GF Score
Price €7.48
GF Value €6.68
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Fiera Milano SpA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fiera Milano SpA  (MIL:FM) 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

* Premium members only.

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

Fiera Milano SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.67 0.66 1.10 2.13

Fiera Milano SpA Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Cyclically Adjusted PS 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 0.94 1.17 1.59 2.11 2.15

MIL:FM vs CTAS, CPRT, GPN: 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.


MIL:FM
75GF Score
Fiera Milano SpA MIL:FM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Fiera Milano SpA's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=5.354/122.6000*122.6000
=5.354

Current CPI (Dec25) = 122.6000.

Fiera Milano SpA Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 3.106 100.300 3.797
201712 3.612 101.200 4.376
201812 3.483 102.300 4.174
201912 3.941 102.800 4.700
202012 1.031 102.600 1.232
202112 1.707 106.600 1.963
202212 3.075 119.000 3.168
202312 3.979 119.700 4.075
202412 3.840 121.200 3.884
202512 5.354 122.600 5.354

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Fiera Milano SpA (MIL:FM) Overvalued in 2026?

Based on GuruFocus' analysis, Fiera Milano SpA stock appears to be overvalued. The current stock price of €7.48 is trading 12% above its estimated GF Value™ of €6.68. GuruFocus considers Fiera Milano SpA to be Modestly Overvalued.

Key valuation signals for MIL:FM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €6.68 vs. price of €7.48 (12% above fair value)
  • GF Score™: 75/100 with 2 warning signs

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


Fiera Milano SpA Business Description

Other Exchanges 0EGH:UKFM3:Germany
Address Strada Statale del Sempione, Rho, Milan, ITA, 28-20017
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.
75GF Score

Get the complete analysis for MIL:FM

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

€7.48
Price
€6.68
GF Value