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Avio SpAAVVOF 53 Price-to-Tangible-Book is 2.54 as of Jul. 31, 2026, which is 7% below its 10-year median of 2.73. GuruFocus rates AVVOF with a GF Score™ of 53/100 and a GF Value™ of $15.20 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 305 Aerospace & Defense companies, Avio SpA ranks better than 67.21% on this metric.
As of today (2026-07-31), Avio SpA's share price is $32.495. Avio SpA's Tangible Book per Share of Dec. 2025 for the quarter that ended in Dec. 2025 was $12.78. Hence, Avio SpA's Price to Tangible Book Ratio of today is 2.54.
The historical rank and industry rank for Avio SpA's Price-to-Tangible-Book or its related term are showing as below:
AVVOF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.92 Med: 2.73 Max: 13.93
Current: 2.65
During the past 12 years, Avio SpA's highest Price to Tangible Book Ratio was 13.93. The lowest was 1.92. And the median was 2.73.
AVVOF's Price-to-Tangible-Book is ranked better than 67.21% of 305
companies
in the Aerospace & Defense industry
Industry Median: 3.96
vs AVVOF: 2.65
A closely related ratio is called PB Ratio. As of today, Avio SpA's share price is $32.495. Avio SpA's Book Value per Sharefor the quarter that ended in Dec. 2025 was $17.83. Hence, Avio SpA's P/B Ratio of today is 1.82.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Avio SpA Price-to-Tangible-Book Related Terms
Avio SpA Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Avio SpA's Price-to-Tangible-Book 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.
AVVOF vs SPCX, GE, RTX: Price-to-Tangible-Book Comparison
For the Aerospace & Defense subindustry, Avio SpA's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Avio SpA Price-to-Tangible-Book vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Avio SpA's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Avio SpA's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Avio SpA (AVVOF) has a Price-to-Tangible-Book of 2.54 as of Jul. 31, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Avio SpA and its competitors. This is near median its historical median of 2.73. Over the past decade, Avio SpA's Price-to-Tangible-Book has ranged from 1.92 to 13.93. According to the industry distribution chart, Avio SpA ranks #100 out of 305 companies in the Aerospace & Defense industry, placing it in the top 32.8%.
Is Avio SpA's Price-to-Tangible-Book too high?
Avio SpA's current Price-to-Tangible-Book of 2.54 is near median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 13.93. The Aerospace & Defense industry median Price-to-Tangible-Book is 3.96. Avio SpA's value of 2.54 is 35.9% below this industry median. Based on the distribution chart, Avio SpA ranks #100 out of 305 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Avio SpA has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Avio SpA's Price-to-Tangible-Book compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Avio SpA ranks #100 out of 305 companies for Price-to-Tangible-Book. This puts Avio SpA in the upper half of its industry. The industry median Price-to-Tangible-Book is 3.96. Avio SpA's value of 2.54 is 35.9% below this benchmark. Historically, Avio SpA's own Price-to-Tangible-Book has ranged from 1.92 to 13.93 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 3.96, Avio 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 Price-to-Tangible-Book for an Aerospace & Defense company?
The median Price-to-Tangible-Book among Aerospace & Defense companies is 3.96, based on 305 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avio SpA's current Price-to-Tangible-Book of 2.54 is 35.9% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Avio SpA and its competitors. For the Aerospace & Defense industry, the median Price-to-Tangible-Book is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avio SpA's current Price-to-Tangible-Book is 2.54, which is near median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avio SpA stock overvalued right now?
Based on GuruFocus' analysis, Avio SpA (AVVOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.20, compared to a current price of $32.50 — trading 113.8% above its estimated fair value. The current Price-to-Tangible-Book is 2.54, which is near median its 10-year median of 2.73 and 35.9% below the Aerospace & Defense industry median of 3.96. Avio SpA's overall GF Score™ is 53/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Avio SpA (AVVOF), the current Price-to-Tangible-Book is 2.54 as of Jul. 31, 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 Avio SpA (AVVOF) Overvalued in 2026?
Based on GuruFocus' analysis, Avio SpA stock appears to be overvalued.
The current stock price of $32.50 is trading 113.8% above its estimated GF Value™ of $15.20.
GuruFocus considers Avio SpA to be Significantly Overvalued.
Key valuation signals for AVVOF:
Price-to-Tangible-Book: 2.54 (near median its 10-year median of 2.73)
GF Value™: $15.20 vs. price of $32.50 (113.8% above fair value)
Industry Position: 35.9% below the Aerospace & Defense median (#100 of 305)
No single metric tells the full story. See the AVVOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avio SpA is an international group engaged in the construction and development of space launchers. The company's core operations are design, development and production of solid and liquid propellant propulsion systems for space launchers; design, development and production of solid propellant propulsion systems for tactical missiles; development, integration and supply of complete light space launchers (VEGA); research and development of new low environmental impact propulsion systems and of satellite tracking control engines. The Group mainly operates in EU countries (Italy, France), the USA, and French Guiana.
53GF Score
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