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Tele2 AB (OSTO:TEL2 A) Cyclically Adjusted Book per Share : kr47.25 (As of Mar. 2025)


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What is Tele2 AB 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.

Tele2 AB's adjusted book value per share for the three months ended in Mar. 2025 was kr33.074. 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 kr47.25 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tele2 AB's average Cyclically Adjusted Book Growth Rate was -6.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -0.70% 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 Tele2 AB was 3.10% per year. The lowest was -13.30% per year. And the median was -2.40% per year.

As of today (2025-06-02), Tele2 AB's current stock price is kr144.00. Tele2 AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr47.25. Tele2 AB's Cyclically Adjusted PB Ratio of today is 3.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tele2 AB was 3.16. The lowest was 1.23. And the median was 2.20.


Tele2 AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tele2 AB'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.

Tele2 AB Cyclically Adjusted Book per Share Chart

Tele2 AB 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 47.31 49.34 52.34 53.56 48.75

Tele2 AB 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 54.04 50.10 49.04 48.75 47.25

Competitive Comparison of Tele2 AB's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Tele2 AB'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.


Tele2 AB's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Tele2 AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tele2 AB's Cyclically Adjusted PB Ratio falls into.


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Tele2 AB 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, Tele2 AB'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)
=33.074/132.8245*132.8245
=33.074

Current CPI (Mar. 2025) = 132.8245.

Tele2 AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 40.407 99.995 53.673
201509 40.980 100.228 54.308
201512 38.638 100.276 51.180
201603 43.648 100.751 57.543
201606 39.191 101.019 51.530
201609 33.456 101.138 43.938
201612 37.370 102.022 48.653
201703 37.810 102.022 49.226
201706 33.227 102.752 42.951
201709 33.710 103.279 43.354
201712 34.303 103.793 43.898
201803 36.242 103.962 46.304
201806 33.350 104.875 42.238
201809 33.857 105.679 42.554
201812 52.888 105.912 66.327
201903 54.439 105.886 68.289
201906 53.858 106.742 67.019
201909 49.622 107.214 61.475
201912 50.594 107.766 62.359
202003 53.398 106.563 66.558
202006 48.409 107.498 59.814
202009 46.810 107.635 57.765
202012 47.560 108.296 58.332
202103 49.192 108.360 60.298
202106 42.121 108.928 51.362
202109 43.790 110.338 52.714
202112 45.139 112.486 53.301
202203 48.946 114.825 56.618
202206 30.674 118.384 34.416
202209 32.298 122.296 35.078
202212 34.273 126.365 36.025
202303 35.677 127.042 37.301
202306 30.393 129.407 31.196
202309 31.894 130.224 32.531
202312 32.937 131.912 33.165
202403 34.455 132.205 34.616
202406 28.838 132.716 28.862
202409 30.349 132.304 30.468
202412 31.914 132.987 31.875
202503 33.074 132.825 33.074

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


Tele2 AB  (OSTO:TEL2 A) 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.

Tele2 AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=144.00/47.25
=3.05

* 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 Tele2 AB was 3.16. The lowest was 1.23. And the median was 2.20.


Be Aware

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


Tele2 AB Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Tele2 AB's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Tele2 AB Business Description

Address
Torshamnsgatan 17, Kista, Stockholm, SWE, 164 40
Tele2 is the number two telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. Tele2 is a well-managed firm, showing good cost discipline and a healthy dividend policy, which we expect will remain.

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