Reply SpAMIL:REY -3.23%78 PB Ratio is 2.21 as of Jun. 26, 2026, which is 50% below its 10-year median of 4.42. GuruFocus rates MIL:REY with a GF Score™ of 78/100 and a GF Value™ of €146.12 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,624 Software companies, Reply SpA ranks better than 50.34% 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), Reply SpA's share price is €88.35. Reply SpA's Book Value per Share for the quarter that ended in Mar. 2026 was €39.91. Hence, Reply SpA's PB Ratio of today is 2.21.
The historical rank and industry rank for Reply SpA's PB Ratio or its related term are showing as below:
MIL:REY'
s PB Ratio Range Over the Past 10 Years
Min: 1.96 Med: 4.42 Max: 9.08
Current: 2.3
During the past 13 years, Reply SpA's highest PB Ratio was 9.08. The lowest was 1.96. And the median was 4.42.
MIL:REY's PB Ratio is ranked better than 50.34% of 2624
companies
in the Software industry
Industry Median: 2.32
vs MIL:REY: 2.30
During the past 12 months, Reply SpA's average Book Value Per Share Growth Rate was 14.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 18.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Reply SpA was 20.10% per year. The lowest was 6.10% per year. And the median was 16.70% 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.
Reply SpA PB Ratio Related Terms
Reply SpA PB Ratio Historical Data
* Premium members only.
The historical data trend for Reply 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, Reply 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.
Reply SpA PB Ratio vs Software Industry
For the Software industry and Technology sector, Reply SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Reply 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.
Reply 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.
Reply SpA (MIL:REY) has a PB Ratio of 2.21 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 Reply SpA and its competitors. This is 50% below median its historical median of 4.42. Over the past decade, Reply SpA's PB Ratio has ranged from 1.96 to 9.08. According to the industry distribution chart, Reply SpA ranks #1303 out of 2624 companies in the Software industry, placing it in the top 49.7%.
Is Reply SpA's PB Ratio too high?
Reply SpA's current PB Ratio of 2.21 is 50% below median its 10-year median of 4.42. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 9.08. The Software industry median PB Ratio is 2.32. Reply SpA's value of 2.21 is 4.7% below this industry median. Based on the distribution chart, Reply SpA ranks #1303 out of 2624 companies in the Software industry, which is above the industry midpoint. Overall, Reply SpA has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reply SpA's PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Reply SpA ranks #1303 out of 2624 companies for PB Ratio. This puts Reply SpA in the upper half of its industry. The industry median PB Ratio is 2.32. Reply SpA's value of 2.21 is 4.7% below this benchmark. Historically, Reply SpA's own PB Ratio has ranged from 1.96 to 9.08 over the past decade. While the company's 10-year median is 4.42 vs. the industry median of 2.32, Reply 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 Software company?
The median PB Ratio among Software companies is 2.32, based on 2,624 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. Reply SpA's current PB Ratio of 2.21 is 4.7% 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 Reply SpA and its competitors. For the Software industry, the median PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reply SpA's current PB Ratio is 2.21, which is 50% below median its own 10-year median of 4.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reply SpA stock overvalued right now?
Based on GuruFocus' analysis, Reply SpA (MIL:REY) is currently considered Significantly Undervalued. The stock's GF Value™ is €146.12, compared to a current price of €88.35 — trading 39.5% below its estimated fair value. The current PB Ratio is 2.21, which is 50% below median its 10-year median of 4.42 and 4.7% below the Software industry median of 2.32. Reply SpA's overall GF Score™ is 78/100 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 Reply SpA (MIL:REY), the current PB Ratio is 2.21 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 Reply SpA (MIL:REY) Overvalued in 2026?
Based on GuruFocus' analysis, Reply SpA stock appears to be undervalued.
The current stock price of €88.35 is trading 39.5% below its estimated GF Value™ of €146.12.
GuruFocus considers Reply SpA to be Significantly Undervalued.
Key valuation signals for MIL:REY:
PB Ratio: 2.21 (50% below median its 10-year median of 4.42)
GF Value™: €146.12 vs. price of €88.35 (39.5% below fair value)
Industry Position: 4.7% below the Software median (#1303 of 2624)
No single metric tells the full story. See the MIL:REY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reply SpA specialises in consulting, digital services, and the integration of processes, applications, and devices. Reply serves clients in the telecommunication and media, banking, insurance, financial, industry and services, energy and utilities, and public administration industries. The company provides its services mainly through platforms such as X-Rais Reply, Discovery Reply, Brick Reply, TamTamy, and SideUp Reply. Reply researches, selects, and markets solutions through channels such as data analysis, digital communication, e-commerce, mobile, and social media. Its business segments are defined based on geographical areas of operation and include Region 1 (including Italy, USA, Brazil, Poland, Romania, and Nanjing), which derives key revenue, Region 2, Region 3, and IoT Incubator.
78GF Score
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