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TIM (MEX:TIMB N) Cyclically Adjusted Book per Share : MXN153.11 (As of Mar. 2025)


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What is TIM 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.

TIM's adjusted book value per share for the three months ended in Mar. 2025 was MXN179.538. 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 MXN153.11 for the trailing ten years ended in Mar. 2025.

During the past 12 months, TIM's average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.30% 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 TIM was 11.40% per year. The lowest was -10.70% per year. And the median was 2.60% per year.

As of today (2025-06-25), TIM's current stock price is MXN238.00. TIM's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN153.11. TIM's Cyclically Adjusted PB Ratio of today is 1.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TIM was 1.86. The lowest was 0.42. And the median was 1.26.


TIM Cyclically Adjusted Book per Share Historical Data

The historical data trend for TIM'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.

TIM Cyclically Adjusted Book per Share Chart

TIM 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 175.83 177.37 199.42 144.29 186.88

TIM 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 147.21 166.66 142.32 186.88 153.11

Competitive Comparison of TIM's Cyclically Adjusted Book per Share

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.


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TIM 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, TIM'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)
=179.538/168.1016*168.1016
=179.538

Current CPI (Mar. 2025) = 168.1016.

TIM Quarterly Data

Book Value per Share CPI Adj_Book
201506 172.483 100.006 289.928
201509 151.405 101.392 251.020
201512 151.693 104.247 244.610
201603 160.509 106.979 252.216
201606 187.208 108.851 289.112
201609 208.345 109.986 318.432
201612 218.195 110.802 331.031
201703 215.396 111.869 323.668
201706 198.754 112.115 298.007
201709 213.338 112.777 317.994
201712 223.434 114.068 329.274
201803 209.836 114.868 307.081
201806 198.498 117.038 285.104
201809 183.763 117.881 262.050
201812 206.767 118.340 293.711
201903 207.828 120.124 290.836
201906 225.799 120.977 313.754
201909 218.445 121.292 302.748
201912 212.889 123.436 289.923
202003 223.915 124.092 303.328
202006 209.921 123.557 285.601
202009 196.445 125.095 263.981
202012 185.137 129.012 241.231
202103 175.795 131.660 224.452
202106 194.404 133.871 244.114
202109 198.279 137.913 241.682
202112 188.150 141.992 222.747
202203 209.427 146.537 240.246
202206 208.721 149.784 234.247
202209 200.434 147.800 227.966
202212 194.970 150.207 218.198
202303 180.233 153.352 197.568
202306 184.825 154.519 201.072
202309 0.000 155.464 0.000
202312 186.165 157.148 199.141
202403 172.300 159.372 181.737
202406 179.181 161.052 187.025
202409 190.805 162.342 197.574
202412 186.445 164.740 190.249
202503 179.538 168.102 179.538

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


TIM  (MEX:TIMB N) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=238.00/153.11
=1.55

* 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 TIM was 1.86. The lowest was 0.42. And the median was 1.26.


Be Aware

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


TIM Cyclically Adjusted Book per Share Related Terms

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


TIM 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 62 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 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand. TIM also resells fiber network access from other providers, including Oi's former infrastructure business V.tal. In total, TIM claims it can offer fixed broadband service to about 16 million locations.

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