GM Leather SpAMIL:GML 63 PB Ratio is 0.60 as of Jun. 27, 2026, which is 41% below its 10-year median of 1.02. GuruFocus rates MIL:GML with a GF Score™ of 63/100 and a GF Value™ of €1.20 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,004 Manufacturing - Apparel & Accessories companies, GM Leather SpA ranks better than 73.9% 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 (2026-06-27), GM Leather SpA's share price is €0.685. GM Leather SpA's Book Value per Share for the quarter that ended in Dec. 2025 was €1.15. Hence, GM Leather SpA's PB Ratio of today is 0.60.
Good Sign:
GM Leather SpA stock PB Ratio (=0.6) is close to 5-year low of 0.59.
The historical rank and industry rank for GM Leather SpA's PB Ratio or its related term are showing as below:
MIL:GML'
s PB Ratio Range Over the Past 10 Years
Min: 0.59 Med: 1.02 Max: 3.44
Current: 0.6
During the past 6 years, GM Leather SpA's highest PB Ratio was 3.44. The lowest was 0.59. And the median was 1.02.
During the past 12 months, GM Leather SpA's average Book Value Per Share Growth Rate was 0.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 20.10% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of GM Leather SpA was 32.50% per year. The lowest was 5.00% per year. And the median was 27.90% 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.
GM Leather SpA PB Ratio Related Terms
GM Leather SpA PB Ratio Historical Data
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The historical data trend for GM Leather 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 Textile Manufacturing subindustry, GM Leather 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.
GM Leather SpA PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GM Leather SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where GM Leather 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.
GM Leather 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.
GM Leather SpA (MIL:GML) has a PB Ratio of 0.60 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on GM Leather SpA and its competitors. This is 41% below median its historical median of 1.02. Over the past decade, GM Leather SpA's PB Ratio has ranged from 0.59 to 3.44. According to the industry distribution chart, GM Leather SpA ranks #262 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 26.1%.
Is GM Leather SpA's PB Ratio too high?
GM Leather SpA's current PB Ratio of 0.60 is 41% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 3.44. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.08. GM Leather SpA's value of 0.60 is 44.2% below this industry median. Based on the distribution chart, GM Leather SpA ranks #262 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, GM Leather SpA has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GM Leather SpA's PB Ratio compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, GM Leather SpA ranks #262 out of 1004 companies for PB Ratio. This puts GM Leather SpA in the upper half of its industry. The industry median PB Ratio is 1.08. GM Leather SpA's value of 0.60 is 44.2% below this benchmark. Historically, GM Leather SpA's own PB Ratio has ranged from 0.59 to 3.44 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.08, GM Leather 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.08, based on 1,004 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. GM Leather SpA's current PB Ratio of 0.60 is 44.2% 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 GM Leather SpA and its competitors. For the Manufacturing - Apparel & Accessories 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. GM Leather SpA's current PB Ratio is 0.60, which is 41% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GM Leather SpA stock overvalued right now?
Based on GuruFocus' analysis, GM Leather SpA (MIL:GML) is currently considered Possible Value Trap. The stock's GF Value™ is €1.20, compared to a current price of €0.69 — trading 42.9% below its estimated fair value. The current PB Ratio is 0.60, which is 41% below median its 10-year median of 1.02 and 44.2% below the Manufacturing - Apparel & Accessories industry median of 1.08. GM Leather SpA's overall GF Score™ is 63/100 with 9 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 GM Leather SpA (MIL:GML), the current PB Ratio is 0.60 as of Jun. 27, 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 GM Leather SpA (MIL:GML) Overvalued in 2026?
Based on GuruFocus' analysis, GM Leather SpA stock appears to be undervalued.
The current stock price of €0.69 is trading 42.9% below its estimated GF Value™ of €1.20.
GuruFocus considers GM Leather SpA to be Possible Value Trap.
Key valuation signals for MIL:GML:
PB Ratio: 0.60 (41% below median its 10-year median of 1.02)
GF Value™: €1.20 vs. price of €0.69 (42.9% below fair value)
Industry Position: 44.2% below the Manufacturing - Apparel & Accessories median (#262 of 1004)
No single metric tells the full story. See the MIL:GML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GM Leather SpA engages in the treatment, processing, and marketing of bovine leather. Its products are predominantly intended for the furniture, leather goods, and footwear industries. Geographically, the company derives its maximum revenue from non-EU countries followed by Italy and EU countries.
63GF Score
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