Obermatt

Piaggio

MIL:PIA · IT0003073266
AutomobilesMedium

360

62
EV / EBIT69
Price / Owner Earnings55
Owner Earnings Yield72
Dividend Yield85
Price/Sales71
EV / Gross Profit65
Price/Book61
Return on Capital73
Cash Return on Capital71
Return on Equity60
EBIT Margin71
Gross Profitability67
Cash Conversion88
Accruals49
Owner Earnings Margin73
Sales growth63
Profit Growth26
Long-Term EPS Growth14
Owner Earnings Growth79
Reinvestment14
Price momentum47
Debt load11
Refinancing10
Debt Payback22
Liquidity20
Analyst ratings46
Opinion Changes50
Price Target Upside62
Market mood19
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Piaggio clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryItaly
IndustryAutomobiles
SizeMedium
TypePublic Company
ExchangeBIT
Employees1,891
ISINIT0003073266
Last UpdateApr 2, 2026
Index & Theme
Electric VehicleMicro-MobilityManufacturingTransportation

Description

Piaggio & C. SpA is a leader in the manufacturing and sale of two-wheeled and commercial vehicles. The company has earned a noteworthy reputation for its robust portfolio of brands including Vespa, Aprilia, and Moto Guzzi, among others. The company i…

Analysis

Quality compounder

Piaggio & C. SpA earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is attractive. The owner-earnings multiple stands at 7.2×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
8
2023202420252026

All-time high

41

Jan 2023

All-time low

8

Jun 2026

Average rank

22

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
71
59
56
70
Price/Earnings
64
59
54
54
Price/Book
61
32
57
39
Dividend Yield
85
100
97
96
Value (overall)
76
70
77
72

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →