BGAOF (Proximus) Cyclically Adjusted PB Ratio: (As of Jul. 05, 2026)


BGAOF Proximus SA BGAOF
69 GF Score
Price $6.60
GF Value $5.72
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Proximus Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Proximus  (OTCPK:BGAOF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Proximus Cyclically Adjusted PB Ratio Related Terms


Proximus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Proximus's Cyclically Adjusted PB Ratio 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.

Proximus Cyclically Adjusted PB Ratio Chart

Proximus Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.71 0.83 0.78 0.45 0.61

Proximus Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio 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 0.60 0.72 0.65 0.61 0.00

BGAOF vs TMUS, VZ, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Proximus'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.


Proximus Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


BGAOF
69GF Score
Proximus SA BGAOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Proximus Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Proximus's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Proximus's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/135.0710*135.0710
=0.000

Current CPI (Mar. 2026) = 135.0710.

Proximus Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.210 102.267 12.164
201609 9.698 102.118 12.827
201612 9.217 102.614 12.132
201703 9.759 103.972 12.678
201706 9.546 103.902 12.410
201709 10.636 104.170 13.791
201712 10.479 104.804 13.505
201803 11.928 105.419 15.283
201806 10.595 106.063 13.493
201809 11.078 106.618 14.034
201812 10.596 107.252 13.344
201903 10.983 107.876 13.752
201906 10.349 107.896 12.956
201909 10.536 107.470 13.242
201912 9.825 108.065 12.280
202003 10.287 108.550 12.800
202006 9.850 108.540 12.258
202009 10.848 108.441 13.512
202012 10.944 108.511 13.623
202103 10.868 109.522 13.403
202106 10.555 110.305 12.925
202109 10.757 111.543 13.026
202112 10.426 114.705 12.277
202203 10.684 118.620 12.166
202206 10.583 120.948 11.819
202209 10.466 124.120 11.389
202212 10.866 126.578 11.595
202303 11.255 126.528 12.015
202306 10.939 125.973 11.729
202309 11.194 127.083 11.898
202312 11.154 128.292 11.743
202403 11.499 130.552 11.897
202406 11.484 130.691 11.869
202409 12.394 130.968 12.782
202412 13.996 132.346 14.284
202503 14.815 134.348 14.895
202506 16.082 133.495 16.272
202509 16.530 133.743 16.694
202512 16.328 135.071 16.328
202603 0.000 135.071 0.000

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

Is Proximus (BGAOF) Overvalued in 2026?

Based on GuruFocus' analysis, Proximus stock appears to be overvalued. The current stock price of $6.60 is trading 15.4% above its estimated GF Value™ of $5.72. GuruFocus considers Proximus to be Modestly Overvalued.

Key valuation signals for BGAOF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $5.72 vs. price of $6.60 (15.4% above fair value)
  • GF Score™: 69/100 with 7 warning signs

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


Proximus Business Description

Address Boulevard du Roi Albert II, 27 B, Proximus Towers, Brussels, BEL, B-1030
Proximus is the incumbent telecom operator in Belgium. The firm has around 45% share of the broadband market and 30% of the postpaid mobile market, competing with Telenet and Orange. Proximus is rolling out fiber to the home in Belgium and expects to have 95% of the country covered by 2032. Its international carrier services division, BICS, is one of the four largest in the world, serving more than 250 operators, which was strengthened with the acquisition of Telesign.
69GF Score

Get the complete analysis for BGAOF

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

$6.60
Price
$5.72
GF Value