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TIM (BUE:TIMB) Cyclically Adjusted PB Ratio : 1.65 (As of May. 18, 2024)


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What is TIM Cyclically Adjusted PB Ratio?

As of today (2024-05-18), TIM's current share price is ARS1940.00. TIM's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ARS1,176.12. TIM's Cyclically Adjusted PB Ratio for today is 1.65.

The historical rank and industry rank for TIM's Cyclically Adjusted PB Ratio or its related term are showing as below:

BUE:TIMB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.17   Max: 1.75
Current: 1.59

During the past years, TIM's highest Cyclically Adjusted PB Ratio was 1.75. The lowest was 0.42. And the median was 1.17.

BUE:TIMB's Cyclically Adjusted PB Ratio is ranked worse than
51.93% of 285 companies
in the Telecommunication Services industry
Industry Median: 1.43 vs BUE:TIMB: 1.59

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

TIM's adjusted book value per share data for the three months ended in Dec. 2023 was ARS791.854. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ARS1,176.12 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TIM Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TIM's Cyclically Adjusted 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.

* Premium members only.

TIM Cyclically Adjusted PB Ratio Chart

TIM Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.55 1.32 1.19 1.65

TIM Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio 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 1.19 1.19 1.37 - 1.65

Competitive Comparison of TIM's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, TIM's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


TIM's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TIM's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where TIM's Cyclically Adjusted PB Ratio falls into.



TIM Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

TIM's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1940.00/1176.12
=1.65

* 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.

TIM's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, TIM's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=791.854/157.1481*157.1481
=791.854

Current CPI (Dec. 2023) = 157.1481.

TIM Quarterly Data

Book Value per Share CPI Adj_Book
201403 21.113 90.447 36.683
201406 22.319 91.838 38.191
201409 22.654 92.602 38.445
201412 19.989 94.194 33.349
201503 18.133 97.799 29.137
201506 19.978 100.006 31.393
201509 16.849 101.392 26.114
201512 22.836 104.247 34.424
201603 27.234 106.979 40.006
201606 28.303 108.851 40.861
201609 32.146 109.986 45.930
201612 33.554 110.802 47.589
201703 35.273 111.869 49.550
201706 36.259 112.115 50.823
201709 41.199 112.777 57.408
201712 43.448 114.068 59.857
201803 46.544 114.868 63.676
201806 50.389 117.038 67.658
201809 72.305 117.881 96.390
201812 79.411 118.340 105.453
201903 83.761 120.124 109.578
201906 105.040 120.977 136.446
201909 123.764 121.292 160.351
201912 134.943 123.436 171.797
202003 118.545 124.092 150.124
202006 124.522 123.557 158.375
202009 132.036 125.095 165.867
202012 151.483 129.012 184.519
202103 154.940 131.660 184.934
202106 185.028 133.871 217.201
202109 188.578 137.913 214.880
202112 185.251 141.992 205.024
202203 225.870 146.537 242.225
202206 249.681 149.784 261.957
202209 276.911 147.800 294.426
202212 335.318 150.207 350.814
202303 395.063 153.352 404.841
202306 517.478 154.519 526.283
202309 0.000 155.464 0.000
202312 791.854 157.148 791.854

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


TIM  (BUE:TIMB) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


TIM Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of TIM's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


TIM (BUE:TIMB) Business Description

Traded in Other Exchanges
Address
Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057
TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 61 million subscribers, equal to about 24% of the market. The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million locations, equal to a bit less than 15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand.