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AT&T (T) Cyclically Adjusted PB Ratio : (As of Apr. 27, 2024)


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What is AT&T Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


AT&T Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AT&T'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.

AT&T Cyclically Adjusted PB Ratio Chart

AT&T 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 1.38 0.99 0.79 0.75 0.68

AT&T 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 0.78 0.64 0.60 0.68 -

Competitive Comparison of AT&T's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, AT&T'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.


AT&T's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, AT&T's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where AT&T's Cyclically Adjusted PB Ratio falls into.



AT&T 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.

AT&T's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, AT&T'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)
=14.534/129.4194*129.4194
=14.534

Current CPI (Mar. 2024) = 129.4194.

AT&T Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.749 100.560 22.843
201409 17.862 100.428 23.018
201412 17.297 99.070 22.596
201503 16.657 99.621 21.639
201506 16.725 100.684 21.498
201509 19.802 100.392 25.528
201512 19.963 99.792 25.890
201603 20.050 100.470 25.827
201606 20.059 101.688 25.529
201609 20.130 101.861 25.576
201612 20.058 101.863 25.484
201703 20.145 102.862 25.346
201706 20.314 103.349 25.438
201709 20.354 104.136 25.296
201712 22.944 104.011 28.549
201803 23.736 105.290 29.176
201806 25.205 106.317 30.682
201809 25.288 106.507 30.728
201812 25.281 105.998 30.867
201903 25.367 107.251 30.610
201906 25.223 108.070 30.206
201909 25.064 108.329 29.944
201912 25.394 108.420 30.312
202003 24.951 108.902 29.652
202006 24.686 108.767 29.373
202009 24.639 109.815 29.038
202012 22.688 109.897 26.718
202103 23.178 111.754 26.842
202106 22.731 114.631 25.663
202109 22.937 115.734 25.649
202112 23.292 117.630 25.627
202203 23.612 121.301 25.192
202206 16.524 125.017 17.106
202209 17.177 125.227 17.752
202212 13.678 125.222 14.137
202303 13.903 127.348 14.129
202306 14.253 128.729 14.329
202309 14.505 129.860 14.456
202312 14.447 129.419 14.447
202403 14.534 129.419 14.534

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.


AT&T  (NYSE:T) 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.


AT&T Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of AT&T's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


AT&T (T) Business Description

Address
208 S. Akard Street, Dallas, TX, USA, 75202
The wireless business contributes about two thirds of AT&T's revenue following the spinoff of Warner Media. The firm is the third-largest U.S. wireless carrier, connecting 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, which account for about 18% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access service. AT&T also has a sizable presence in Mexico, serving 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
Executives
Sanders S Sabrina officer: SVP-ChiefActngOfcr&Controller 208 S. AKARD ST., 29TH FLOOR, DALLAS TX 75202
Debra L. Dial officer: SVP-ChiefActngOfcr&Controller 208 S. AKARD, 29TH FLOOR, DALLAS TX 75202
Jeremy Alan Legg officer: Chief Technology Officer 208 S. AKARD STREET, DALLAS TX 75202
Kenny Kellyn Smith officer: Chief Marketing & Growth Ofcr 208 S. AKARD ST, 29TH FLOOR, DALLAS TX 75202
Edward W Gillespie officer: SrEVP-Ext & Legal Affairs 208 S. AKARD, DALLAS TX 75202
Angela Santone officer: Sr. Exec VP-Human Resources 208 S. AKARD ST, DALLAS TX 75202
Jeffery S. Mcelfresh officer: CEO, AT&T Communications, LLC 208 S. AKARD, 29TH FLOOR, DALLAS TX 75202
Mcatee David R Ii officer: Sr. Exec. VP and Gen. Counsel 208 S. AKARD, 29TH FLOOR, DALLAS TX 75202
David S. Huntley officer: SEVP&Chief Compliance Officer 208 S. AKARD, ROOM 2900;07, DALLAS TX 75202
Lori M Lee officer: CEO-AT&T LatAm&GlobalMktgOfcr 208 S. AKARD ST., 29TH FLOOR, DALLAS TX 75202
Pascal Desroches officer: Sr. Exec VP and CFO AT&T INC., 208 S AKARD STREET, DALLAS TX 75202
Stephen J Luczo director
Luis A Ubinas director 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065-1175
John T Stankey officer: Sr. Exec. VP and CIO 208 S. AKARD ST., 29TH FLOOR, DALLAS TX 75202
Jason Kilar officer: CEO, Warner Media, LLC 208 S. AKARD ST, DALLAS TX 75202

AT&T (T) Headlines

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