GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telefonica Brasil SA (BUE:VIV) » Definitions » Cyclically Adjusted Book per Share

Telefonica Brasil (BUE:VIV) Cyclically Adjusted Book per Share : ARS16,551.88 (As of Mar. 2025)


View and export this data going back to 2019. Start your Free Trial

What is Telefonica Brasil Cyclically Adjusted Book per Share?

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.

Telefonica Brasil's adjusted book value per share for the three months ended in Mar. 2025 was ARS3,889.723. 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 ARS16,551.88 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Telefonica Brasil's average Cyclically Adjusted Book Growth Rate was -2.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.50% 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 Telefonica Brasil was 13.10% per year. The lowest was -2.80% per year. And the median was 6.55% per year.

As of today (2025-05-25), Telefonica Brasil's current stock price is ARS11375.00. Telefonica Brasil's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ARS16,551.88. Telefonica Brasil's Cyclically Adjusted PB Ratio of today is 0.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Telefonica Brasil was 0.79. The lowest was 0.48. And the median was 0.64.


Telefonica Brasil Cyclically Adjusted Book per Share Historical Data

The historical data trend for Telefonica Brasil'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.

* Premium members only.

Telefonica Brasil Cyclically Adjusted Book per Share Chart

Telefonica Brasil Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,063.23 2,799.72 4,838.15 14,733.39 13,636.39

Telefonica Brasil Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 15,907.70 17,929.10 16,413.08 13,636.39 16,551.88

Competitive Comparison of Telefonica Brasil's Cyclically Adjusted Book per Share

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 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, Telefonica Brasil's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3889.723/168.1016*168.1016
=3,889.723

Current CPI (Mar. 2025) = 168.1016.

Telefonica Brasil Quarterly Data

Book Value per Share CPI Adj_Book
201506 86.797 100.006 145.898
201509 71.905 101.392 119.214
201512 101.274 104.247 163.308
201603 121.191 106.979 190.434
201606 123.553 108.851 190.807
201609 139.430 109.986 213.103
201612 144.939 110.802 219.892
201703 152.338 111.869 228.913
201706 152.130 112.115 228.100
201709 172.209 112.777 256.688
201712 178.268 114.068 262.713
201803 191.643 114.868 280.456
201806 208.192 117.038 299.027
201809 283.446 117.881 404.201
201812 307.900 118.340 437.370
201903 325.646 120.124 455.711
201906 357.510 120.977 496.770
201909 424.538 121.292 588.377
201912 454.393 123.436 618.815
202003 400.622 124.092 542.706
202006 404.614 123.557 550.484
202009 425.266 125.095 571.468
202012 325.874 129.012 424.610
202103 331.845 131.660 423.694
202106 384.628 133.871 482.979
202109 382.459 137.913 466.178
202112 372.351 141.992 440.818
202203 451.623 146.537 518.084
202206 485.361 149.784 544.719
202209 549.046 147.800 624.464
202212 657.109 150.207 735.393
202303 0.000 153.352 0.000
202306 1,023.530 154.519 1,113.502
202309 1,481.501 155.464 1,601.937
202312 1,550.734 157.148 1,658.823
202403 3,514.778 159.372 3,707.291
202406 3,487.182 161.052 3,639.835
202409 3,628.519 162.342 3,757.243
202412 3,548.172 164.740 3,620.570
202503 3,889.723 168.102 3,889.723

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


Telefonica Brasil  (BUE:VIV) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11375.00/16551.88
=0.69

* 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 Telefonica Brasil was 0.79. The lowest was 0.48. And the median was 0.64.


Be Aware

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


Telefonica Brasil Cyclically Adjusted Book per Share Related Terms

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


Telefonica Brasil 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 100 million customers, which is equal to about 39% market share. The firm is strongest in the postpaid business, where it has 65 million customers, or about 41% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo 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 7 million households on this network. The firm also sells pay-tv and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 8% of total revenue.

Telefonica Brasil Headlines