Fiera Milano SpAMIL:FM -0.36%75 PB Ratio is 3.01 as of Jun. 29, 2026, which is 29% above its 10-year median of 2.34. GuruFocus rates MIL:FM with a GF Score™ of 75/100 and a GF Value™ of €6.02 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,049 Business Services companies, Fiera Milano SpA ranks worse than 74.64% 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 (2026-06-29), Fiera Milano SpA's share price is €8.33. Fiera Milano SpA's Book Value per Share for the quarter that ended in Mar. 2026 was €2.77. Hence, Fiera Milano SpA's PB Ratio of today is 3.01.
The historical rank and industry rank for Fiera Milano SpA's PB Ratio or its related term are showing as below:
MIL:FM'
s PB Ratio Range Over the Past 10 Years
Min: 1 Med: 2.34 Max: 18.89
Current: 3.02
During the past 13 years, Fiera Milano SpA's highest PB Ratio was 18.89. The lowest was 1.00. And the median was 2.34.
MIL:FM's PB Ratio is ranked worse than 74.64% of 1049
companies
in the Business Services industry
Industry Median: 1.61
vs MIL:FM: 3.02
During the past 12 months, Fiera Milano SpA's average Book Value Per Share Growth Rate was 27.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 21.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Fiera Milano SpA was 38.00% per year. The lowest was -37.10% per year. And the median was -0.10% 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.
Fiera Milano SpA PB Ratio Related Terms
Fiera Milano SpA PB Ratio Historical Data
* Premium members only.
The historical data trend for Fiera Milano 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 Specialty Business Services subindustry, Fiera Milano 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.
Fiera Milano SpA PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Fiera Milano SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fiera Milano 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.
Fiera Milano SpA (MIL:FM) has a PB Ratio of 3.01 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fiera Milano SpA and its competitors. This is 29% above median its historical median of 2.34. Over the past decade, Fiera Milano SpA's PB Ratio has ranged from 1.00 to 18.89. According to the industry distribution chart, Fiera Milano SpA ranks #783 out of 1049 companies in the Business Services industry, placing it in the top 74.6%.
Is Fiera Milano SpA's PB Ratio too high?
Fiera Milano SpA's current PB Ratio of 3.01 is 29% above median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 18.89. The Business Services industry median PB Ratio is 1.61. Fiera Milano SpA's value of 3.01 is 87% above this industry median. Based on the distribution chart, Fiera Milano SpA ranks #783 out of 1049 companies in the Business Services industry, which is below the industry midpoint. Overall, Fiera Milano SpA has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fiera Milano SpA's PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Fiera Milano SpA ranks #783 out of 1049 companies for PB Ratio. This places Fiera Milano SpA in the lower half of its industry. The industry median PB Ratio is 1.61. Fiera Milano SpA's value of 3.01 is 87% above this benchmark. Historically, Fiera Milano SpA's own PB Ratio has ranged from 1.00 to 18.89 over the past decade. While the company's 10-year median is 2.34 vs. the industry median of 1.61, Fiera Milano 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 Business Services company?
The median PB Ratio among Business Services companies is 1.61, based on 1,049 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. Fiera Milano SpA's current PB Ratio of 3.01 is 87% 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 Fiera Milano SpA and its competitors. For the Business Services industry, the median PB Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Milano SpA's current PB Ratio is 3.01, which is 29% above median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Milano SpA stock overvalued right now?
Based on GuruFocus' analysis, Fiera Milano SpA (MIL:FM) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.02, compared to a current price of €8.33 — trading 38.4% above its estimated fair value. The current PB Ratio is 3.01, which is 29% above median its 10-year median of 2.34 and 87% above the Business Services industry median of 1.61. Fiera Milano SpA's overall GF Score™ is 75/100 with 3 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 Fiera Milano SpA (MIL:FM), the current PB Ratio is 3.01 as of Jun. 29, 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 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 €8.33 is trading 38.4% above its estimated GF Value™ of €6.02.
GuruFocus considers Fiera Milano SpA to be Significantly Overvalued.
Key valuation signals for MIL:FM:
PB Ratio: 3.01 (29% above median its 10-year median of 2.34)
GF Value™: €6.02 vs. price of €8.33 (38.4% above fair value)
Industry Position: 87% above the Business Services median (#783 of 1049)
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 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
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