Bellini Nautica SpA (FRA:F2F) PB Ratio: 1.88 (As of Jun. 26, 2026) — 22% Below Median


FRA:F2F Bellini Nautica SpA FRA:F2F
75 GF Score
Price €2.86
GF Value €4.55
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Bellini Nautica SpA PB Ratio?

Bellini Nautica SpA FRA:F2F +0.70% 75 PB Ratio is 1.88 as of Jun. 26, 2026, which is 22% below its 10-year median of 2.40. GuruFocus rates FRA:F2F with a GF Score™ of 75/100 and a GF Value™ of €4.55 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,295 Vehicles & Parts companies, Bellini Nautica SpA ranks worse than 64.32% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Bellini Nautica SpA's share price is €2.86. Bellini Nautica SpA's Book Value per Share for the quarter that ended in Dec. 2025 was €1.52. Hence, Bellini Nautica SpA's PB Ratio of today is 1.88.

The historical rank and industry rank for Bellini Nautica SpA's PB Ratio or its related term are showing as below:

FRA:F2F' s PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 2.4   Max: 6.5
Current: 2.07

During the past 6 years, Bellini Nautica SpA's highest PB Ratio was 6.50. The lowest was 1.11. And the median was 2.40.

FRA:F2F's PB Ratio is ranked worse than
64.32% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 1.38 vs FRA:F2F: 2.07

During the past 12 months, Bellini Nautica SpA's average Book Value Per Share Growth Rate was 36.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 44.10% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Bellini Nautica SpA was 73.90% per year. The lowest was 12.70% per year. And the median was 38.90% per year.

Back to Basics: PB Ratio


Bellini Nautica SpA  (FRA:F2F) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Bellini Nautica SpA PB Ratio Related Terms


Bellini Nautica SpA PB Ratio Historical Data

* Premium members only.

The historical data trend for Bellini Nautica SpA's 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.

Bellini Nautica SpA PB Ratio Chart

Bellini Nautica SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 0.00 1.78 1.25 2.51 1.49

Bellini Nautica SpA Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 2.47 2.51 2.40 1.49

FRA:F2F vs BC, THO, PII: PB Ratio Comparison

For the Recreational Vehicles subindustry, Bellini Nautica SpA's PB Ratio, along with its competitors' market caps and 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.


Bellini Nautica SpA PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bellini Nautica SpA's PB Ratio distribution charts can be found below:

* The bar in red indicates where Bellini Nautica SpA's PB Ratio falls into.


FRA:F2F
75GF Score
Bellini Nautica SpA FRA:F2F
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bellini Nautica SpA PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Bellini Nautica SpA's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=2.86/1.52
=1.88

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.88 mean?
Bellini Nautica SpA (FRA:F2F) has a PB Ratio of 1.88 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bellini Nautica SpA and its competitors. This is 22% below median its historical median of 2.40. Over the past decade, Bellini Nautica SpA's PB Ratio has ranged from 1.11 to 6.50. According to the industry distribution chart, Bellini Nautica SpA ranks #833 out of 1295 companies in the Vehicles & Parts industry, placing it in the top 64.3%.
Is Bellini Nautica SpA's PB Ratio too high?
Bellini Nautica SpA's current PB Ratio of 1.88 is 22% below median its 10-year median of 2.40. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 6.50. The Vehicles & Parts industry median PB Ratio is 1.38. Bellini Nautica SpA's value of 1.88 is 36.2% above this industry median. Based on the distribution chart, Bellini Nautica SpA ranks #833 out of 1295 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Bellini Nautica SpA has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bellini Nautica SpA's PB Ratio compare to BC and THO?
According to the Vehicles & Parts industry distribution chart, Bellini Nautica SpA ranks #833 out of 1295 companies for PB Ratio. This places Bellini Nautica SpA in the lower half of its industry. The industry median PB Ratio is 1.38. Bellini Nautica SpA's value of 1.88 is 36.2% above this benchmark. Historically, Bellini Nautica SpA's own PB Ratio has ranged from 1.11 to 6.50 over the past decade. While the company's 10-year median is 2.40 vs. the industry median of 1.38, Bellini Nautica 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 PB Ratio for a Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.38, based on 1,295 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bellini Nautica SpA's current PB Ratio of 1.88 is 36.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bellini Nautica SpA and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bellini Nautica SpA's current PB Ratio is 1.88, which is 22% below median its own 10-year median of 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellini Nautica SpA stock overvalued right now?
Based on GuruFocus' analysis, Bellini Nautica SpA (FRA:F2F) is currently considered Significantly Undervalued. The stock's GF Value™ is €4.55, compared to a current price of €2.86 — trading 37.1% below its estimated fair value. The current PB Ratio is 1.88, which is 22% below median its 10-year median of 2.40 and 36.2% above the Vehicles & Parts industry median of 1.38. Bellini Nautica SpA's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Bellini Nautica SpA (FRA:F2F), the current PB Ratio is 1.88 as of Jun. 26, 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 Bellini Nautica SpA (FRA:F2F) Overvalued in 2026?

Based on GuruFocus' analysis, Bellini Nautica SpA stock appears to be undervalued. The current stock price of €2.86 is trading 37.1% below its estimated GF Value™ of €4.55. GuruFocus considers Bellini Nautica SpA to be Significantly Undervalued.

Key valuation signals for FRA:F2F:

  • PB Ratio: 1.88 (22% below median its 10-year median of 2.40)
  • GF Value™: €4.55 vs. price of €2.86 (37.1% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 36.2% above the Vehicles & Parts median (#833 of 1295)

No single metric tells the full story. See the FRA:F2F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bellini Nautica SpA Business Description

Other Exchanges BELL:Italy
Address Via Carlo Lanza, 28, Clusane d'Iseo, Brescia, ITA, 25049
Bellini Nautica SpA offers recreational vehicles. It specializes in the commercialization of high-end pleasure boats, with its offerings spanning different kinds of boats such as the Bellini yachts like B Atelier and Astor 36, and Vintage Riva boats like Florida Shore, Riva Junior, Sebino Shore, and others. The company also offers boat-related maintenance and restoration services.
75GF Score

Get the complete analysis for FRA:F2F

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

€2.86
Price
€4.55
GF Value