Banca Sistema SpA (MIL:BST) ROE % Adjusted to Book Value: 10.95% (As of Mar. 2026)


MIL:BST Banca Sistema SpA MIL:BST
66 GF Score
Price €1.63
GF Value €1.84
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Banca Sistema SpA ROE % Adjusted to Book Value?

Banca Sistema SpA MIL:BST -0.73% 66 ROE % Adjusted to Book Value is 10.95% as of Mar. 2026. GuruFocus rates MIL:BST with a GF Score™ of 66/100 and a GF Value™ of €1.84 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Banca Sistema SpA's ROE % for the quarter that ended in Mar. 2026 was 4.60%. Banca Sistema SpA's PB Ratio for the quarter that ended in Mar. 2026 was 0.42. Banca Sistema SpA's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 10.95%.


Banca Sistema SpA ROE % Adjusted to Book Value Related Terms


Banca Sistema SpA ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Banca Sistema SpA's ROE % Adjusted to Book Value 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.

Banca Sistema SpA ROE % Adjusted to Book Value Chart

Banca Sistema SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.24 17.56 17.89 26.15 22.85

Banca Sistema SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.88 8.57 20.49 24.43 10.95

MIL:BST vs PNC, USB: ROE % Adjusted to Book Value Comparison

For the Banks - Regional subindustry, Banca Sistema SpA's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Banca Sistema SpA ROE % Adjusted to Book Value vs Banks Industry

For the Banks industry and Financial Services sector, Banca Sistema SpA's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Banca Sistema SpA's ROE % Adjusted to Book Value falls into.


MIL:BST
66GF Score
Banca Sistema SpA MIL:BST
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Banca Sistema SpA ROE % Adjusted to Book Value Calculation

Banca Sistema SpA's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=9.14% / 0.40
=22.85%

Banca Sistema SpA's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=4.60% / 0.42
=10.95%

* 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.

What does a ROE % Adjusted to Book Value of 10.95% mean?
Banca Sistema SpA (MIL:BST) has a ROE % Adjusted to Book Value of 10.95% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Banca Sistema SpA and its competitors.
Is Banca Sistema SpA's ROE % Adjusted to Book Value too high?
Banca Sistema SpA's current ROE % Adjusted to Book Value is 10.95%. Overall, Banca Sistema SpA has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banca Sistema SpA's ROE % Adjusted to Book Value compare to PNC and USB?
Banca Sistema SpA's ROE % Adjusted to Book Value of 10.95% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Banks company?
A good ROE % Adjusted to Book Value depends on the Banks industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Banca Sistema SpA and its competitors. Banca Sistema SpA's current ROE % Adjusted to Book Value is 10.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banca Sistema SpA stock overvalued right now?
Based on GuruFocus' analysis, Banca Sistema SpA (MIL:BST) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.84, compared to a current price of €1.63 — trading 11.5% below its estimated fair value. The current ROE % Adjusted to Book Value is 10.95%. Banca Sistema SpA's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Banca Sistema SpA (MIL:BST), the current ROE % Adjusted to Book Value is 10.95% as of Mar. 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 Banca Sistema SpA (MIL:BST) Overvalued in 2026?

Based on GuruFocus' analysis, Banca Sistema SpA stock appears to be undervalued. The current stock price of €1.63 is trading 11.5% below its estimated GF Value™ of €1.84. GuruFocus considers Banca Sistema SpA to be Modestly Undervalued.

Key valuation signals for MIL:BST:

  • ROE % Adjusted to Book Value: 10.95%
  • GF Value™: €1.84 vs. price of €1.63 (11.5% below fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the MIL:BST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Banca Sistema SpA Business Description

Other Exchanges 0R9H:UKB2S:Germany
Address Largo Augusto 1/A, At the corner of Via Verziere 13, Milan, ITA, 20122
Banca Sistema SpA provides factoring and banking services. It specializes in the acquisition, management, and financing of receivables. The firm's products and services comprise current accounts, time deposits, funding for SMEs, non-recourse factoring, credit management, and payment services. Segment reporting of the company includes the following divisions: Factoring Division includes business related to the origination of trade and tax receivables with and without recourse, and the management. Retail Division, which includes the business related to the purchase of salary- and pension-backed loans. Collateralized Lending Division includes the business related to collateral-backed loans. Corporate Division includes activities related to the management of the Group's financial resources.
66GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.63
Price
€1.84
GF Value