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TLTZF (Tele2 AB) Cyclically Adjusted Book per Share : $5.14 (As of Dec. 2024)


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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 Dec. 2024 was $2.905. 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 $5.14 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Tele2 AB's average Cyclically Adjusted Book Growth Rate was -5.50% 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 (2025-03-29), Tele2 AB's current stock price is $12.09. Tele2 AB's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $5.14. Tele2 AB's Cyclically Adjusted PB Ratio of today is 2.35.

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 2.14.


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 5.71 5.15 5.02 4.89 5.14

Tele2 AB Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 4.89 5.03 4.73 4.95 5.14

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 Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=2.905/132.9872*132.9872
=2.905

Current CPI (Dec. 2024) = 132.9872.

Tele2 AB Quarterly Data

Book Value per Share CPI Adj_Book
201503 6.412 99.950 8.531
201506 4.889 99.995 6.502
201509 4.899 100.228 6.500
201512 4.549 100.276 6.033
201603 5.234 100.751 6.909
201606 4.719 101.019 6.212
201609 3.922 101.138 5.157
201612 4.059 102.022 5.291
201703 4.241 102.022 5.528
201706 3.829 102.752 4.956
201709 4.209 103.279 5.420
201712 4.087 103.793 5.237
201803 4.398 103.962 5.626
201806 3.789 104.875 4.805
201809 3.787 105.679 4.766
201812 5.857 105.912 7.354
201903 5.858 105.886 7.357
201906 5.724 106.742 7.131
201909 5.111 107.214 6.340
201912 5.364 107.766 6.619
202003 5.425 106.563 6.770
202006 5.199 107.498 6.432
202009 5.286 107.635 6.531
202012 5.687 108.296 6.984
202103 5.758 108.360 7.067
202106 5.016 108.928 6.124
202109 5.066 110.338 6.106
202112 4.966 112.486 5.871
202203 5.117 114.825 5.926
202206 3.057 118.384 3.434
202209 2.960 122.296 3.219
202212 3.302 126.365 3.475
202303 3.405 127.042 3.564
202306 2.822 129.407 2.900
202309 2.877 130.224 2.938
202312 3.211 131.912 3.237
202403 3.309 132.205 3.329
202406 2.750 132.716 2.756
202409 2.967 132.304 2.982
202412 2.905 132.987 2.905

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


Tele2 AB  (OTCPK:TLTZF) 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
=12.09/5.14
=2.35

* 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 2.14.


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, P.O. Box 462, Kista, Stockholm, SWE, 16494
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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