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Telecom Italia SpA (MEX:TIT N) Cyclically Adjusted Book per Share : MXN34.06 (As of Mar. 2025)


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What is Telecom Italia SpA 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.

Telecom Italia SpA's adjusted book value per share for the three months ended in Mar. 2025 was MXN12.457. 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 MXN34.06 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Telecom Italia SpA's average Cyclically Adjusted Book Growth Rate was -2.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.20% 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 1.20% per year. The lowest was -3.90% per year. And the median was -3.05% per year.

As of today (2025-07-08), Telecom Italia SpA's current stock price is MXN10.18. Telecom Italia SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN34.06. Telecom Italia SpA's Cyclically Adjusted PB Ratio of today is 0.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Telecom Italia SpA was 0.98. The lowest was 0.16. And the median was 0.40.


Telecom Italia SpA Cyclically Adjusted Book per Share Historical Data

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.

* Premium members only.

Telecom Italia SpA Cyclically Adjusted Book per Share Chart

Telecom Italia SpA 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 45.18 24.62 52.71 37.37 42.93

Telecom Italia SpA 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 48.39 48.74 43.25 42.93 34.06

Competitive Comparison of Telecom Italia SpA's Cyclically Adjusted Book per Share

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's Cyclically Adjusted PB Ratio Distribution in the 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.


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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 Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=12.457/122.5000*122.5000
=12.457

Current CPI (Mar. 2025) = 122.5000.

Telecom Italia SpA Quarterly Data

Book Value per Share CPI Adj_Book
201506 16.768 100.279 20.484
201509 17.592 100.000 21.550
201512 16.838 99.814 20.665
201603 17.998 99.600 22.136
201606 20.502 99.900 25.140
201609 21.757 100.100 26.626
201612 21.892 100.300 26.737
201703 20.604 101.000 24.990
201706 20.635 101.100 25.003
201709 22.363 101.200 27.070
201712 23.599 101.200 28.566
201803 22.792 101.800 27.427
201806 23.252 102.400 27.816
201809 20.495 102.600 24.470
201812 20.706 102.300 24.795
201903 20.405 102.800 24.315
201906 20.553 103.100 24.420
201909 20.870 102.900 24.845
201912 20.173 102.800 24.039
202003 25.363 102.900 30.194
202006 24.774 102.900 29.493
202009 24.830 102.300 29.733
202012 29.930 102.600 35.735
202103 29.142 103.700 34.425
202106 29.416 104.200 34.582
202109 29.658 104.900 34.634
202112 19.003 106.600 21.837
202203 18.361 110.400 20.373
202206 17.611 112.500 19.176
202209 14.496 114.200 15.550
202212 14.644 119.000 15.075
202303 13.140 118.800 13.549
202306 12.610 119.700 12.905
202309 12.239 120.300 12.463
202312 11.886 119.700 12.164
202403 11.197 120.200 11.411
202406 11.819 120.700 11.995
202409 12.589 121.200 12.724
202412 12.282 121.200 12.414
202503 12.457 122.500 12.457

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


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
=10.18/34.06
=0.30

* 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 0.98. The lowest was 0.16. And the median was 0.40.


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

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


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 25% share in the Italian mobile market and 35% share in broadband. In the mobile market, it competes with Vodafone, Wind Tre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion, TIM has become a pure service provider. TIM Brazil is significantly smaller than peers Telefonica and America Movil, with 20% wireless market share.

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