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Telefonica Brasil (FRA:TSPA) Cyclically Adjusted PB Ratio : 0.82 (As of Jun. 09, 2024)


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What is Telefonica Brasil Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Telefonica Brasil's current share price is €8.10. Telefonica Brasil's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.88. Telefonica Brasil's Cyclically Adjusted PB Ratio for today is 0.82.

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

FRA:TSPA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 0.93   Max: 1.46
Current: 0.83

During the past years, Telefonica Brasil's highest Cyclically Adjusted PB Ratio was 1.46. The lowest was 0.68. And the median was 0.93.

FRA:TSPA's Cyclically Adjusted PB Ratio is ranked better than
68.99% of 287 companies
in the Telecommunication Services industry
Industry Median: 1.49 vs FRA:TSPA: 0.83

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.

Telefonica Brasil's adjusted book value per share data for the three months ended in Mar. 2024 was €7.676. 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 €9.88 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telefonica Brasil Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Telefonica Brasil'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.

Telefonica Brasil Cyclically Adjusted PB Ratio Chart

Telefonica Brasil 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 1.02 0.92 0.90 0.71 0.99

Telefonica Brasil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 0.79 0.80 0.99 0.93

Competitive Comparison of Telefonica Brasil's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Telefonica Brasil'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.


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

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

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



Telefonica Brasil 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.

Telefonica Brasil's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.10/9.88
=0.82

* 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.

Telefonica Brasil's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Telefonica Brasil's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=7.676/159.3724*159.3724
=7.676

Current CPI (Mar. 2024) = 159.3724.

Telefonica Brasil Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.718 91.838 22.070
201409 12.884 92.602 22.174
201412 11.987 94.194 20.282
201503 11.034 97.799 17.981
201506 11.381 100.006 18.137
201509 9.111 101.392 14.321
201512 9.605 104.247 14.684
201603 9.965 106.979 14.845
201606 10.518 108.851 15.400
201609 11.136 109.986 16.136
201612 11.590 110.802 16.671
201703 12.354 111.869 17.600
201706 10.980 112.115 15.608
201709 11.025 112.777 15.580
201712 10.549 114.068 14.739
201803 10.314 114.868 14.310
201806 9.555 117.038 13.011
201809 8.827 117.881 11.934
201812 9.598 118.340 12.926
201903 9.858 120.124 13.079
201906 9.469 120.977 12.474
201909 9.217 121.292 12.111
201912 9.148 123.436 11.811
202003 7.811 124.092 10.032
202006 7.018 123.557 9.052
202009 6.503 125.095 8.285
202012 6.583 129.012 8.132
202103 6.189 131.660 7.492
202106 6.740 133.871 8.024
202109 6.649 137.913 7.684
202112 6.526 141.992 7.325
202203 7.638 146.537 8.307
202206 7.632 149.784 8.121
202209 7.982 147.800 8.607
202212 7.400 150.207 7.852
202303 0.000 153.352 0.000
202306 7.873 154.519 8.120
202309 7.933 155.464 8.132
202312 7.878 157.148 7.990
202403 7.676 159.372 7.676

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.


Telefonica Brasil  (FRA:TSPA) 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.


Telefonica Brasil Cyclically Adjusted PB Ratio Related Terms

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


Telefonica Brasil (FRA:TSPA) Business Description

Traded in Other Exchanges
Address
Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936
Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 98 million customers, equal to about 40% market share. The firm is strongest in the postpaid business, where it has 60 million customers, about 42% share of this market. It is the incumbent fixed-line telephone operator in Sao Paulo state and, following the acquisition of GVT, the owner of an extensive fiber network across the country. The firm provides internet access to 6 million households on this network. Following its parent Telefonica's footsteps, Vivo is cross-selling fixed-line and wireless services as a converged offering. The firm also sells pay-tv services to its fixed-line customers.

Telefonica Brasil (FRA:TSPA) Headlines

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