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Telia Company AB (Telia Company AB) Cyclically Adjusted Book per Share : $4.72 (As of Mar. 2024)


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What is Telia Company 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.

Telia Company AB's adjusted book value per share for the three months ended in Mar. 2024 was $2.750. 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 $4.72 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Telia Company AB's average Cyclically Adjusted Book Growth Rate was -3.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.50% 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 Telia Company AB was 1.50% per year. The lowest was -2.20% per year. And the median was -1.10% per year.

As of today (2024-05-24), Telia Company AB's current stock price is $4.89. Telia Company AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $4.72. Telia Company AB's Cyclically Adjusted PB Ratio of today is 1.04.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Telia Company AB was 1.72. The lowest was 0.81. And the median was 1.47.


Telia Company AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Telia Company 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.

Telia Company AB Cyclically Adjusted Book per Share Chart

Telia Company AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.48 5.94 5.34 5.02 5.10

Telia Company AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.01 4.83 4.73 5.10 4.72

Competitive Comparison of Telia Company AB's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Telia Company 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.


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

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

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



Telia Company 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, Telia Company AB's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.75/132.2054*132.2054
=2.750

Current CPI (Mar. 2024) = 132.2054.

Telia Company AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.136 100.432 9.394
201409 6.975 100.161 9.207
201412 6.744 100.225 8.896
201503 6.216 99.950 8.222
201506 5.844 99.995 7.726
201509 5.731 100.228 7.559
201512 5.323 100.276 7.018
201603 5.522 100.751 7.246
201606 5.024 101.019 6.575
201609 4.498 101.138 5.880
201612 4.565 102.022 5.916
201703 4.925 102.022 6.382
201706 4.720 102.752 6.073
201709 5.304 103.279 6.790
201712 5.572 103.793 7.097
201803 6.066 103.962 7.714
201806 5.249 104.875 6.617
201809 5.142 105.679 6.433
201812 5.098 105.912 6.364
201903 5.163 105.886 6.446
201906 4.640 106.742 5.747
201909 4.574 107.214 5.640
201912 4.673 107.766 5.733
202003 4.528 106.563 5.618
202006 4.008 107.498 4.929
202009 4.334 107.635 5.323
202012 3.648 108.296 4.453
202103 3.974 108.360 4.849
202106 4.010 108.928 4.867
202109 4.018 110.338 4.814
202112 4.344 112.486 5.106
202203 4.357 114.825 5.016
202206 4.312 118.384 4.815
202209 3.967 122.296 4.288
202212 3.148 126.365 3.293
202303 3.114 127.042 3.241
202306 2.768 129.407 2.828
202309 2.779 130.224 2.821
202312 2.651 131.912 2.657
202403 2.750 132.205 2.750

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


Telia Company AB  (OTCPK:TLSNY) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.89/4.72
=1.04

* 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 Telia Company AB was 1.72. The lowest was 0.81. And the median was 1.47.


Be Aware

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


Telia Company AB Cyclically Adjusted Book per Share Related Terms

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


Telia Company AB (Telia Company AB) Business Description

Address
Stjarntorget 1, Solna, Stockholm, SWE, 169 94
Telia is the incumbent telecommunications operator in Sweden but is also present in Norway, Finland, Denmark, and the Baltic countries. In the past five years, Telia has been narrowing its business focus, divesting businesses in Asia and focusing on its core markets. In 2022 Telia had revenue of more than SEK 90 billion, with the majority of it coming from the Nordic markets.

Telia Company AB (Telia Company AB) Headlines

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