Circle SpAMIL:CIRC -2.19%83 PB Ratio is 3.39 as of Jun. 25, 2026, which is 28% above its 10-year median of 2.65. GuruFocus rates MIL:CIRC with a GF Score™ of 83/100 and a GF Value™ of €12.25 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,625 Software companies, Circle SpA ranks worse than 64.91% 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 (2026-06-25), Circle SpA's share price is €13.40. Circle SpA's Book Value per Share for the quarter that ended in Dec. 2025 was €3.95. Hence, Circle SpA's PB Ratio of today is 3.39.
Warning Sign:
Circle SpA stock PB Ratio (=3.47) is close to 1-year high of 3.71.
The historical rank and industry rank for Circle SpA's PB Ratio or its related term are showing as below:
MIL:CIRC'
s PB Ratio Range Over the Past 10 Years
Min: 1.99 Med: 2.65 Max: 5.07
Current: 3.39
During the past 11 years, Circle SpA's highest PB Ratio was 5.07. The lowest was 1.99. And the median was 2.65.
MIL:CIRC's PB Ratio is ranked worse than 64.91% of 2625
companies
in the Software industry
Industry Median: 2.36
vs MIL:CIRC: 3.39
During the past 12 months, Circle SpA's average Book Value Per Share Growth Rate was 33.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 32.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 27.10% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Circle SpA was 34.00% per year. The lowest was 13.40% per year. And the median was 22.15% 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.
Circle SpA PB Ratio Related Terms
Circle SpA PB Ratio Historical Data
* Premium members only.
The historical data trend for Circle 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 Information Technology Services subindustry, Circle 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.
Circle SpA PB Ratio vs Software Industry
For the Software industry and Technology sector, Circle SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Circle 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.
Circle SpA's PB Ratio for today is calculated as follows:
* 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.
Circle SpA (MIL:CIRC) has a PB Ratio of 3.39 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Circle SpA and its competitors. This is 28% above median its historical median of 2.65. Over the past decade, Circle SpA's PB Ratio has ranged from 1.99 to 5.07. According to the industry distribution chart, Circle SpA ranks #1704 out of 2625 companies in the Software industry, placing it in the top 64.9%.
Is Circle SpA's PB Ratio too high?
Circle SpA's current PB Ratio of 3.39 is 28% above median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 5.07. The Software industry median PB Ratio is 2.36. Circle SpA's value of 3.39 is 43.6% above this industry median. Based on the distribution chart, Circle SpA ranks #1704 out of 2625 companies in the Software industry, which is below the industry midpoint. Overall, Circle SpA has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Circle SpA's PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Circle SpA ranks #1704 out of 2625 companies for PB Ratio. This places Circle SpA in the lower half of its industry. The industry median PB Ratio is 2.36. Circle SpA's value of 3.39 is 43.6% above this benchmark. Historically, Circle SpA's own PB Ratio has ranged from 1.99 to 5.07 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 2.36, Circle 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 Software company?
The median PB Ratio among Software companies is 2.36, based on 2,625 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. Circle SpA's current PB Ratio of 3.39 is 43.6% 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 Circle SpA and its competitors. For the Software industry, the median PB Ratio is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Circle SpA's current PB Ratio is 3.39, which is 28% above median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Circle SpA stock overvalued right now?
Based on GuruFocus' analysis, Circle SpA (MIL:CIRC) is currently considered Fairly Valued. The stock's GF Value™ is €12.25, compared to a current price of €13.40 — trading 9.4% above its estimated fair value. The current PB Ratio is 3.39, which is 28% above median its 10-year median of 2.65 and 43.6% above the Software industry median of 2.36. Circle SpA's overall GF Score™ is 83/100 with 7 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 Circle SpA (MIL:CIRC), the current PB Ratio is 3.39 as of Jun. 25, 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 Circle SpA (MIL:CIRC) Overvalued in 2026?
Based on GuruFocus' analysis, Circle SpA stock appears to be overvalued.
The current stock price of €13.40 is trading 9.4% above its estimated GF Value™ of €12.25.
GuruFocus considers Circle SpA to be Fairly Valued.
Key valuation signals for MIL:CIRC:
PB Ratio: 3.39 (28% above median its 10-year median of 2.65)
GF Value™: €12.25 vs. price of €13.40 (9.4% above fair value)
Industry Position: 43.6% above the Software median (#1704 of 2625)
No single metric tells the full story. See the MIL:CIRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Circle SpA is engaged in providing consulting services, technological solutions, and digital marketing services to companies operating predominantly in the logistics and transportation sectors. It provides strategic consulting services in the fields of port management, logistics, and transport, and also develops software solutions to optimize flow management and improve logistics processes. The company's service offerings in the digital marketing sector include; services for the analysis, identification, and use of multi-channel communication tools for the implementation of digital marketing strategies.
83GF Score
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