Banca Sistema SpAMIL:BST +1.86%66 PB Ratio is 0.40 as of Jun. 26, 2026, which is 38% below its 10-year median of 0.65. GuruFocus rates MIL:BST with a GF Score™ of 66/100 and a GF Value™ of €1.84 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,515 Banks companies, Banca Sistema SpA ranks better than 92.08% on this metric.
Banca Sistema SpA stock PB Ratio (=0.39) is close to 1-year low of 0.38.
The historical rank and industry rank for Banca Sistema SpA's PB Ratio or its related term are showing as below:
MIL:BST'
s PB Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.65 Max: 2
Current: 0.39
During the past 12 years, Banca Sistema SpA's highest PB Ratio was 2.00. The lowest was 0.33. And the median was 0.65.
MIL:BST's PB Ratio is ranked better than 92.08% of 1515
companies
in the Banks industry
Industry Median: 1.08
vs MIL:BST: 0.39
During the past 12 months, Banca Sistema SpA's average Book Value Per Share Growth Rate was 4.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.20% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Banca Sistema SpA was 48.70% per year. The lowest was 5.50% per year. And the median was 15.30% per year.
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.
Banca Sistema SpA PB Ratio Related Terms
Banca Sistema SpA PB Ratio Historical Data
* Premium members only.
The historical data trend for Banca Sistema 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.
For the Banks - Regional subindustry, Banca Sistema 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.
Banca Sistema SpA PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Banca Sistema SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Banca Sistema SpA's PB Ratio falls into.
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.
* 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.
Banca Sistema SpA (MIL:BST) has a PB Ratio of 0.40 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 Banca Sistema SpA and its competitors. This is 38% below median its historical median of 0.65. Over the past decade, Banca Sistema SpA's PB Ratio has ranged from 0.33 to 2.00. According to the industry distribution chart, Banca Sistema SpA ranks #120 out of 1515 companies in the Banks industry, placing it in the top 7.9%.
Is Banca Sistema SpA's PB Ratio too high?
Banca Sistema SpA's current PB Ratio of 0.40 is 38% below median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 2.00. The Banks industry median PB Ratio is 1.08. Banca Sistema SpA's value of 0.40 is 63% below this industry median. Based on the distribution chart, Banca Sistema SpA ranks #120 out of 1515 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Banca Sistema SpA has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banca Sistema SpA's PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Banca Sistema SpA ranks #120 out of 1515 companies for PB Ratio. This places Banca Sistema SpA in the top 8% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.08. Banca Sistema SpA's value of 0.40 is 63% below this benchmark. Historically, Banca Sistema SpA's own PB Ratio has ranged from 0.33 to 2.00 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 1.08, Banca Sistema 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 PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.08, based on 1,515 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. Banca Sistema SpA's current PB Ratio of 0.40 is 63% 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 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 Banca Sistema SpA and its competitors. For the Banks industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banca Sistema SpA's current PB Ratio is 0.40, which is 38% below median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banca Sistema SpA stock overvalued right now?
Based on GuruFocus' analysis, Banca Sistema SpA (MIL:BST) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.84, compared to a current price of €1.64 — trading 10.9% below its estimated fair value. The current PB Ratio is 0.40, which is 38% below median its 10-year median of 0.65 and 63% below the Banks industry median of 1.08. Banca Sistema SpA's overall GF Score™ is 66/100 with 2 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 Banca Sistema SpA (MIL:BST), the current PB Ratio is 0.40 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 Banca Sistema SpA (MIL:BST) Overvalued in 2026?
Based on GuruFocus' analysis, Banca Sistema SpA stock appears to be undervalued.
The current stock price of €1.64 is trading 10.9% below its estimated GF Value™ of €1.84.
GuruFocus considers Banca Sistema SpA to be Modestly Undervalued.
Key valuation signals for MIL:BST:
PB Ratio: 0.40 (38% below median its 10-year median of 0.65)
GF Value™: €1.84 vs. price of €1.64 (10.9% below fair value)
Industry Position: 63% below the Banks median (#120 of 1515)
No single metric tells the full story. See the MIL:BST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banca Sistema SpA provides factoring and banking services. It specializes in the acquisition, management, and financing of receivables. The firm's products and services comprise current accounts, time deposits, funding for SMEs, non-recourse factoring, credit management, and payment services. Segment reporting of the company includes the following divisions: Factoring Division includes business related to the origination of trade and tax receivables with and without recourse, and the management. Retail Division, which includes the business related to the purchase of salary- and pension-backed loans. Collateralized Lending Division includes the business related to collateral-backed loans. Corporate Division includes activities related to the management of the Group's financial resources.
66GF Score
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