Telecom Italia SpA (MEX:TIT N) Cyclically Adjusted Book per Share: MXN57.82 (As of Jun. 2026)

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MEX:TIT N Telecom Italia SpA MEX:TIT N
45 GF Score
Price MXN159.76
GF Value MXN104.19
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Telecom Italia SpA Cyclically Adjusted Book per Share?

Telecom Italia SpA MEX:TIT N 45 Cyclically Adjusted Book per Share is MXN57.82 as of Jun. 2026. GuruFocus rates MEX:TIT N with a GF Score™ of 45/100 and a GF Value™ of MXN104.19 (Significantly Overvalued). The stock has 6 warning signs 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.

Telecom Italia SpA's adjusted book value per share for the three months ended in Jun. 2026 was MXN108.934. 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 MXN57.82 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Telecom Italia SpA's average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.10% 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 -7.70% 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 Telecom Italia SpA was 1.70% per year. The lowest was -21.60% per year. And the median was -7.30% per year.

As of today (2026-08-17), Telecom Italia SpA's current stock price is MXN159.76. Telecom Italia SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN57.82. Telecom Italia SpA's Cyclically Adjusted PB Ratio of today is 2.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Telecom Italia SpA was 2.88. The lowest was 0.58. And the median was 1.36.


Telecom Italia SpA  (MEX:TIT 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.

Telecom Italia SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=159.76/57.82
=2.76

* 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 Telecom Italia SpA was 2.88. The lowest was 0.58. And the median was 1.36.


Be Aware

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


Telecom Italia SpA Cyclically Adjusted Book per Share Related Terms


Telecom Italia SpA Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Telecom Italia SpA'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.

Telecom Italia SpA Cyclically Adjusted Book per Share Chart

Telecom Italia SpA 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 67.05 144.02 103.11 119.30 55.08

Telecom Italia SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 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 69.31 64.47 55.08 47.40 57.82

MEX:TIT N vs VZ, TMUS, T: Cyclically Adjusted Book per Share Comparison

For the Telecom Services subindustry, Telecom Italia SpA'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.


Telecom Italia SpA Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


MEX:TIT N
45GF Score
Telecom Italia SpA MEX:TIT N
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telecom Italia SpA 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, Telecom Italia SpA'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)
=108.934/126.4000*126.4000
=108.934

Current CPI (Jun. 2026) = 126.4000.

Telecom Italia SpA Quarterly Data

Book Value per Share CPI Adj_Book
201609 57.231 100.100 72.268
201612 61.235 100.300 77.170
201703 57.633 101.000 72.127
201706 57.718 101.100 72.162
201709 62.553 101.200 78.129
201712 66.378 101.200 82.907
201803 63.751 101.800 79.156
201806 65.040 102.400 80.284
201809 57.326 102.600 70.624
201812 57.917 102.300 71.561
201903 57.074 102.800 70.177
201906 57.489 103.100 70.481
201909 58.376 102.900 71.708
201912 56.425 102.800 69.379
202003 70.944 102.900 87.146
202006 69.301 102.900 85.128
202009 69.759 102.300 86.193
202012 84.085 102.600 103.590
202103 81.871 103.700 99.793
202106 82.662 104.200 100.273
202109 83.449 104.900 100.552
202112 53.470 106.600 63.402
202203 51.664 110.400 59.152
202206 49.552 112.500 55.674
202209 40.789 114.200 45.146
202212 41.203 119.000 43.765
202303 36.973 118.800 39.338
202306 35.494 119.700 37.481
202309 34.451 120.300 36.198
202312 33.455 119.700 35.328
202403 31.527 120.200 33.153
202406 33.277 120.700 34.848
202409 35.444 121.200 36.965
202412 34.581 121.200 36.065
202503 35.074 122.500 36.191
202506 34.108 122.700 35.137
202509 34.045 123.100 34.958
202512 34.114 122.600 35.171
202603 33.444 124.560 33.938
202606 108.934 126.400 108.934

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 MXN57.82 mean?
Telecom Italia SpA (MEX:TIT N) has a Cyclically Adjusted Book per Share of MXN57.82 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 Telecom Italia SpA and its competitors.
Is Telecom Italia SpA's Cyclically Adjusted Book per Share too high?
Telecom Italia SpA's current Cyclically Adjusted Book per Share is MXN57.82. Overall, Telecom Italia SpA has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telecom Italia SpA's Cyclically Adjusted Book per Share compare to VZ and TMUS?
Telecom Italia SpA's Cyclically Adjusted Book per Share of MXN57.82 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 Telecom Italia SpA and its competitors. Telecom Italia SpA's current Cyclically Adjusted Book per Share is MXN57.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecom Italia SpA stock overvalued right now?
Based on GuruFocus' analysis, Telecom Italia SpA (MEX:TIT N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN104.19, compared to a current price of MXN159.76 — trading 53.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN57.82. Telecom Italia SpA's overall GF Score™ is 45/100 with 6 warning signs 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 Telecom Italia SpA (MEX:TIT N), the current Cyclically Adjusted Book per Share is MXN57.82 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 Telecom Italia SpA (MEX:TIT N) Overvalued in 2026?

Based on GuruFocus' analysis, Telecom Italia SpA stock appears to be overvalued. The current stock price of MXN159.76 is trading 53.3% above its estimated GF Value™ of MXN104.19. GuruFocus considers Telecom Italia SpA to be Significantly Overvalued.

Key valuation signals for MEX:TIT N:

  • Cyclically Adjusted Book per Share: MXN57.82
  • GF Value™: MXN104.19 vs. price of MXN159.76 (53.3% above fair value)
  • GF Score™: 45/100 with 6 warning signs

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


Telecom Italia SpA Business Description

Address Via di Val Cannuta, No. 182, Roma, ITA, 00166
Telecom Italia is the incumbent telecommunications operator in Italy, with 23% share in the Italian mobile market and 35% share in broadband. In the mobile market, it competes with Vodafone, WindTre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion in 2024, TIM has become a pure service provider with no network ownership. TIM Brazil is significantly smaller than its peers, Telefonica and America Movil, with 25% wireless market share.
45GF Score

Get the complete analysis for MEX:TIT N

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

MXN159.76
Price
MXN104.19
GF Value