Italian Wine Brands SpA (MIL:IWB) Cyclically Adjusted PS Ratio: 0.52 (As of Jul. 18, 2026) — 15% Below Median

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.

MIL:IWB Italian Wine Brands SpA MIL:IWB
77 GF Score
Price €18.62
GF Value €21.14
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Italian Wine Brands SpA Cyclically Adjusted PS Ratio?

Italian Wine Brands SpA MIL:IWB +0.11% 77 Cyclically Adjusted PS Ratio is 0.52 as of Jul. 18, 2026, which is 15% below its 10-year median of 0.61. GuruFocus rates MIL:IWB with a GF Score™ of 77/100 and a GF Value™ of €21.14 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 172 Beverages - Alcoholic companies, Italian Wine Brands SpA ranks better than 77.33% on this metric.

As of today (2026-07-18), Italian Wine Brands SpA's current share price is €18.62. Italian Wine Brands SpA's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €35.60. Italian Wine Brands SpA's Cyclically Adjusted PS Ratio for today is 0.52.

The historical rank and industry rank for Italian Wine Brands SpA's Cyclically Adjusted PS Ratio or its related term are showing as below:

MIL:IWB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.61   Max: 0.7
Current: 0.53

During the past 11 years, Italian Wine Brands SpA's highest Cyclically Adjusted PS Ratio was 0.70. The lowest was 0.52. And the median was 0.61.

MIL:IWB's Cyclically Adjusted PS Ratio is ranked better than
77.33% of 172 companies
in the Beverages - Alcoholic industry
Industry Median: 1.525 vs MIL:IWB: 0.53

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.

Italian Wine Brands SpA's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €42.823. 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 €35.60 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Italian Wine Brands SpA  (MIL:IWB) 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.


Italian Wine Brands SpA Cyclically Adjusted PS Ratio Related Terms


Italian Wine Brands SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Italian Wine Brands 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.

Italian Wine Brands SpA Cyclically Adjusted PS Ratio Chart

Italian Wine Brands 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 0.00 0.00 0.00 0.70 0.60

Italian Wine Brands SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.70 0.00 0.60

MIL:IWB vs BF.B: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Italian Wine Brands 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.


Italian Wine Brands SpA Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Italian Wine Brands SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Italian Wine Brands SpA's Cyclically Adjusted PS Ratio falls into.


MIL:IWB
77GF Score
Italian Wine Brands SpA MIL:IWB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Italian Wine Brands 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.

Italian Wine Brands SpA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.62/35.60
=0.52

* 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.

Italian Wine Brands SpA's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Italian Wine Brands 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)
=42.823/122.6000*122.6000
=42.823

Current CPI (Dec25) = 122.6000.

Italian Wine Brands SpA Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 22.950 100.300 28.053
201712 23.547 101.200 28.526
201812 20.246 102.300 24.264
201912 21.277 102.800 25.375
202012 27.745 102.600 33.153
202112 35.610 106.600 40.955
202212 41.343 119.000 42.594
202312 45.676 119.700 46.783
202412 42.960 121.200 43.456
202512 42.823 122.600 42.823

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.

What does a Cyclically Adjusted PS Ratio of 0.52 mean?
Italian Wine Brands SpA (MIL:IWB) has a Cyclically Adjusted PS Ratio of 0.52 as of Jul. 18, 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 Italian Wine Brands SpA and its competitors. This is 15% below median its historical median of 0.61. Over the past decade, Italian Wine Brands SpA's Cyclically Adjusted PS Ratio has ranged from 0.52 to 0.70. According to the industry distribution chart, Italian Wine Brands SpA ranks #39 out of 172 companies in the Beverages - Alcoholic industry, placing it in the top 22.7%.
Is Italian Wine Brands SpA's Cyclically Adjusted PS Ratio too high?
Italian Wine Brands SpA's current Cyclically Adjusted PS Ratio of 0.52 is 15% below median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 0.70. The Beverages - Alcoholic industry median Cyclically Adjusted PS Ratio is 1.53. Italian Wine Brands SpA's value of 0.52 is 65.9% below this industry median. Based on the distribution chart, Italian Wine Brands SpA ranks #39 out of 172 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Italian Wine Brands SpA has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Italian Wine Brands SpA's Cyclically Adjusted PS Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Italian Wine Brands SpA ranks #39 out of 172 companies for Cyclically Adjusted PS Ratio. This places Italian Wine Brands SpA in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.53. Italian Wine Brands SpA's value of 0.52 is 65.9% below this benchmark. Historically, Italian Wine Brands SpA's own Cyclically Adjusted PS Ratio has ranged from 0.52 to 0.70 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 1.53, Italian Wine Brands SpA has consistently been below 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PS Ratio among Beverages - Alcoholic companies is 1.53, based on 172 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. Italian Wine Brands SpA's current Cyclically Adjusted PS Ratio of 0.52 is 65.9% below 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 Italian Wine Brands SpA and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PS Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Italian Wine Brands SpA's current Cyclically Adjusted PS Ratio is 0.52, which is 15% below median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Italian Wine Brands SpA stock overvalued right now?
Based on GuruFocus' analysis, Italian Wine Brands SpA (MIL:IWB) is currently considered Modestly Undervalued. The stock's GF Value™ is €21.14, compared to a current price of €18.62 — trading 11.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.52, which is 15% below median its 10-year median of 0.61 and 65.9% below the Beverages - Alcoholic industry median of 1.53. Italian Wine Brands SpA's overall GF Score™ is 77/100 with 4 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 Italian Wine Brands SpA (MIL:IWB), the current Cyclically Adjusted PS Ratio is 0.52 as of Jul. 18, 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 Italian Wine Brands SpA (MIL:IWB) Overvalued in 2026?

Based on GuruFocus' analysis, Italian Wine Brands SpA stock appears to be undervalued. The current stock price of €18.62 is trading 11.9% below its estimated GF Value™ of €21.14. GuruFocus considers Italian Wine Brands SpA to be Modestly Undervalued.

Key valuation signals for MIL:IWB:

  • Cyclically Adjusted PS Ratio: 0.52 (15% below median its 10-year median of 0.61)
  • GF Value™: €21.14 vs. price of €18.62 (11.9% below fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 65.9% below the Beverages - Alcoholic median (#39 of 172)

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


Italian Wine Brands SpA Business Description

Other Exchanges MR3:Germany
Address Viale Abruzzi 94, Milan, ITA, 20131
Italian Wine Brands SpA through its subsidiaries is engaged in the production and distribution of wine in Italy. The group works through two different sales channels namely Distance Selling and Wholesale. The company also offers gourmet food products, coffee, and extra virgin olive oil, to Terre dei Gigli and Italian Art Cafe brands. The company operates in Europe and rest of the world.
77GF Score

Get the complete analysis for MIL:IWB

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

€18.62
Price
€21.14
GF Value