BGAOY (Proximus) Cyclically Adjusted PB Ratio: 0.54 (As of Aug. 07, 2026) — 68% Below Median

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BGAOY Proximus SA BGAOY
55 GF Score
Price $1.42
GF Value $1.04
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Proximus Cyclically Adjusted PB Ratio?

Proximus BGAOY 55 Cyclically Adjusted PB Ratio is 0.54 as of Aug. 07, 2026, which is 68% below its 10-year median of 1.71. GuruFocus rates BGAOY with a GF Score™ of 55/100 and a GF Value™ of $1.04 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 290 Telecommunication Services companies, Proximus ranks better than 84.14% on this metric.

As of today (2026-08-07), Proximus's current share price is $1.418. Proximus's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $2.65. Proximus's Cyclically Adjusted PB Ratio for today is 0.54.

The historical rank and industry rank for Proximus's Cyclically Adjusted PB Ratio or its related term are showing as below:

BGAOY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 1.71   Max: 3.05
Current: 0.52

During the past years, Proximus's highest Cyclically Adjusted PB Ratio was 3.05. The lowest was 0.43. And the median was 1.71.

BGAOY's Cyclically Adjusted PB Ratio is ranked better than
84.14% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.705 vs BGAOY: 0.52

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.

Proximus's adjusted book value per share data for the three months ended in Jun. 2026 was $3.318. 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 $2.65 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Proximus  (OTCPK:BGAOY) 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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.72 0.65 0.61 0.00 0.49

BGAOY vs VZ, TMUS, 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.


BGAOY
55GF Score
Proximus SA BGAOY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.418/2.65
=0.54

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

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.318/138.0500*138.0500
=3.318

Current CPI (Jun. 2026) = 138.0500.

Proximus Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.940 102.118 2.623
201612 1.843 102.614 2.479
201703 1.952 103.972 2.592
201706 1.909 103.902 2.536
201709 2.127 104.170 2.819
201712 2.096 104.804 2.761
201803 2.386 105.419 3.125
201806 2.119 106.063 2.758
201809 2.216 106.618 2.869
201812 2.119 107.252 2.727
201903 2.197 107.876 2.812
201906 2.070 107.896 2.649
201909 2.107 107.470 2.707
201912 1.965 108.065 2.510
202003 2.057 108.550 2.616
202006 1.970 108.540 2.506
202009 2.170 108.441 2.762
202012 2.189 108.511 2.785
202103 2.174 109.522 2.740
202106 2.111 110.305 2.642
202109 2.151 111.543 2.662
202112 2.085 114.705 2.509
202203 2.137 118.620 2.487
202206 2.117 120.948 2.416
202209 2.093 124.120 2.328
202212 2.173 126.578 2.370
202303 2.251 126.528 2.456
202306 2.188 125.973 2.398
202309 2.239 127.083 2.432
202312 2.231 128.292 2.401
202403 2.300 130.552 2.432
202406 2.297 130.691 2.426
202409 2.479 130.968 2.613
202412 2.799 132.346 2.920
202503 2.963 134.348 3.045
202506 3.216 133.495 3.326
202509 3.306 133.740 3.413
202512 3.266 135.070 3.338
202603 0.000 136.560 0.000
202606 3.318 138.050 3.318

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.

What does a Cyclically Adjusted PB Ratio of 0.54 mean?
Proximus (BGAOY) has a Cyclically Adjusted PB Ratio of 0.54 as of Aug. 07, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Proximus and its competitors. This is 68% below median its historical median of 1.71. Over the past decade, Proximus' Cyclically Adjusted PB Ratio has ranged from 0.43 to 3.05. According to the industry distribution chart, Proximus ranks #46 out of 290 companies in the Telecommunication Services industry, placing it in the top 15.9%.
Is Proximus' Cyclically Adjusted PB Ratio too high?
Proximus' current Cyclically Adjusted PB Ratio of 0.54 is 68% below median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 3.05. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.71. Proximus' value of 0.54 is 68.3% below this industry median. Based on the distribution chart, Proximus ranks #46 out of 290 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Proximus has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Proximus' Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Proximus ranks #46 out of 290 companies for Cyclically Adjusted PB Ratio. This places Proximus in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.71. Proximus' value of 0.54 is 68.3% below this benchmark. Historically, Proximus' own Cyclically Adjusted PB Ratio has ranged from 0.43 to 3.05 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 1.71, Proximus has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.71, based on 290 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Proximus's current Cyclically Adjusted PB Ratio of 0.54 is 68.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Proximus and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Proximus's current Cyclically Adjusted PB Ratio is 0.54, which is 68% below median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Proximus stock overvalued right now?
Based on GuruFocus' analysis, Proximus (BGAOY) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.04, compared to a current price of $1.42 — trading 36.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.54, which is 68% below median its 10-year median of 1.71 and 68.3% below the Telecommunication Services industry median of 1.71. Proximus' overall GF Score™ is 55/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Proximus (BGAOY), the current Cyclically Adjusted PB Ratio is 0.54 as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Proximus (BGAOY) Overvalued in 2026?

Based on GuruFocus' analysis, Proximus stock appears to be overvalued. The current stock price of $1.42 is trading 36.3% above its estimated GF Value™ of $1.04. GuruFocus considers Proximus to be Significantly Overvalued.

Key valuation signals for BGAOY:

  • Cyclically Adjusted PB Ratio: 0.54 (68% below median its 10-year median of 1.71)
  • GF Value™: $1.04 vs. price of $1.42 (36.3% above fair value)
  • GF Score™: 55/100 with 8 warning signs
  • Industry Position: 68.3% below the Telecommunication Services median (#46 of 290)

No single metric tells the full story. See the BGAOY 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.
55GF Score

Get the complete analysis for BGAOY

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

$1.42
Price
$1.04
GF Value