Orange (BUE:ORAN) Cyclically Adjusted Book per Share: ARS10,588.79 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:ORAN Orange SA BUE:ORAN
80 GF Score
Price ARS13,200.00
GF Value ARS10,692.65
! 1 Warning Sign
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What is Orange Cyclically Adjusted Book per Share?

Orange BUE:ORAN 80 Cyclically Adjusted Book per Share is ARS10,588.79 as of Jun. 2026. GuruFocus rates BUE:ORAN with a GF Score™ of 80/100 and a GF Value™ of ARS10,692.65. The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Orange's adjusted book value per share for the three months ended in Jun. 2026 was ARS143,031.193. 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 ARS10,588.79 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Orange's average Cyclically Adjusted Book Growth Rate was 0.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Orange was 7.00% per year. The lowest was -5.80% per year. And the median was 2.70% per year.

As of today (2026-08-07), Orange's current stock price is ARS13200.00. Orange's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS10,588.79. Orange's Cyclically Adjusted PB Ratio of today is 1.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Orange was 1.40. The lowest was 0.74. And the median was 0.84.


Orange  (BUE:ORAN) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Orange's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13200.00/10588.79
=1.25

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Orange was 1.40. The lowest was 0.74. And the median was 0.84.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Orange Cyclically Adjusted Book per Share Related Terms


Orange Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Orange's Cyclically Adjusted Book per Share 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.

Orange Cyclically Adjusted Book per Share Chart

Orange Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.32 51.83 48.20 17,960.12 12,112.39

Orange Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 13,440.19 0.00 12,112.39 0.00 10,588.79

BUE:ORAN vs VZ, TMUS, T: Cyclically Adjusted Book per Share Comparison

For the Telecom Services subindustry, Orange'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.


Orange Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


BUE:ORAN
80GF Score
Orange SA BUE:ORAN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orange Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Orange's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=143031.193/123.5100*123.5100
=143,031.193

Current CPI (Jun. 2026) = 123.5100.

Orange Quarterly Data

Book Value per Share CPI Adj_Book
201006 388.057 94.910 504.993
201012 404.457 95.450 523.358
201106 440.848 96.910 561.853
201112 415.068 97.800 524.183
201206 413.870 98.780 517.484
201212 418.115 99.100 521.104
201306 455.208 99.700 563.919
201312 563.629 99.800 697.533
201406 783.141 100.180 965.520
201412 823.622 99.860 1,018.682
201506 809.661 100.440 995.632
201512 1,151.566 100.040 1,421.730
201606 1,299.045 100.630 1,594.406
201612 1,374.754 100.650 1,686.993
201706 1,472.824 101.320 1,795.386
201712 1,842.310 101.850 2,234.106
201806 2,329.336 103.370 2,783.170
201812 3,471.328 103.470 4,143.652
201906 4,037.943 104.580 4,768.850
201912 5,591.369 104.980 6,578.300
202006 6,517.918 104.790 7,682.298
202012 9,007.330 104.960 10,599.231
202106 8,984.765 106.340 10,435.474
202112 9,716.340 107.850 11,127.169
202206 10,968.607 112.550 12,036.718
202212 14,865.127 114.160 16,082.619
202303 0.000 116.790 0.000
202306 21,483.036 117.650 22,553.079
202309 0.000 118.260 0.000
202312 32,999.723 118.390 34,426.859
202403 0.000 119.470 0.000
202406 79,712.314 120.200 81,907.387
202409 0.000 119.560 0.000
202412 88,487.722 119.950 91,113.952
202503 0.000 120.380 0.000
202506 106,065.734 121.360 107,944.783
202509 0.000 120.950 0.000
202512 133,084.429 120.900 135,957.468
202603 0.000 122.420 0.000
202606 143,031.193 123.510 143,031.193

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

What does a Cyclically Adjusted Book per Share of ARS10,588.79 mean?
Orange (BUE:ORAN) has a Cyclically Adjusted Book per Share of ARS10,588.79 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Orange and its competitors.
Is Orange's Cyclically Adjusted Book per Share too high?
Orange's current Cyclically Adjusted Book per Share is ARS10,588.79. Overall, Orange has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Orange's Cyclically Adjusted Book per Share compare to VZ and TMUS?
Orange's Cyclically Adjusted Book per Share of ARS10,588.79 can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Telecommunication Services company?
A good Cyclically Adjusted Book per Share depends on the Telecommunication Services industry context. However, Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Orange and its competitors. Orange's current Cyclically Adjusted Book per Share is ARS10,588.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orange stock overvalued right now?
Orange (BUE:ORAN) has a current Cyclically Adjusted Book per Share of ARS10,588.79. The stock's GF Value™ is ARS10,692.65, compared to a current price of ARS13,200.00 — trading 23.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is ARS10,588.79. Orange's overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Orange (BUE:ORAN), the current Cyclically Adjusted Book per Share is ARS10,588.79 as of Jun. 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 Orange (BUE:ORAN) Overvalued in 2026?

Based on GuruFocus' analysis, Orange stock appears to be overvalued. The current stock price of ARS13,200.00 is trading 23.4% above its estimated GF Value™ of ARS10,692.65.

Key valuation signals for BUE:ORAN:

  • Cyclically Adjusted Book per Share: ARS10,588.79
  • GF Value™: ARS10,692.65 vs. price of ARS13,200.00 (23.4% above fair value)
  • GF Score™: 80/100 with 1 warning sign

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


Orange Business Description

Address 111, quai du president Roosevelt, Issy-les-Moulineaux, Paris, FRA, 92130
Orange operates fixed-line and wireless businesses in France, where it is the market leader ahead of Iliad, Bouygues, and SFR, thanks to its incumbent position. It also has telecom businesses in Spain (through MasOrange), Poland, Belgium, Luxembourg, and Central Europe (Romania, Slovakia, and Moldova). Around 20% of revenue comes from emerging African markets, where it mainly operates wireless networks, and 20% comes from the enterprise segment, which serves companies with more than 50 employees in France and internationally.
80GF Score

Get the complete analysis for BUE:ORAN

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS13,200.00
Price
ARS10,692.65
GF Value