DTCOM - Direct To Co (BSP:DTCY3) Cyclically Adjusted PB Ratio: 14.38 (As of Jul. 31, 2026) — 11% Below Median

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BSP:DTCY3 DTCOM - Direct To Co SA BSP:DTCY3
48 GF Score
Price R$2.30
GF Value R$4.53
Valuation Possible Value Trap
! 4 Warning Signs
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What is DTCOM - Direct To Co Cyclically Adjusted PB Ratio?

DTCOM - Direct To Co BSP:DTCY3 48 Cyclically Adjusted PB Ratio is 14.38 as of Jul. 31, 2026, which is 11% below its 10-year median of 16.11. GuruFocus rates BSP:DTCY3 with a GF Score™ of 48/100 and a GF Value™ of R$4.53 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 289 Telecommunication Services companies, DTCOM - Direct To Co ranks worse than 98.62% on this metric.

As of today (2026-07-31), DTCOM - Direct To Co's current share price is R$2.30. DTCOM - Direct To Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$0.16. DTCOM - Direct To Co's Cyclically Adjusted PB Ratio for today is 14.38.

The historical rank and industry rank for DTCOM - Direct To Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:DTCY3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 11.11   Med: 16.11   Max: 82.22
Current: 15.05

During the past years, DTCOM - Direct To Co's highest Cyclically Adjusted PB Ratio was 82.22. The lowest was 11.11. And the median was 16.11.

BSP:DTCY3's Cyclically Adjusted PB Ratio is ranked worse than
98.62% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.73 vs BSP:DTCY3: 15.05

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.

DTCOM - Direct To Co's adjusted book value per share data for the three months ended in Mar. 2026 was R$0.044. 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 R$0.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DTCOM - Direct To Co  (BSP:DTCY3) 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.


DTCOM - Direct To Co Cyclically Adjusted PB Ratio Related Terms


DTCOM - Direct To Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DTCOM - Direct To Co'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.

DTCOM - Direct To Co Cyclically Adjusted PB Ratio Chart

DTCOM - Direct To Co 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 13.54 11.83 16.83 23.78 16.17

DTCOM - Direct To Co 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 20.67 15.26 15.55 16.17 16.56

BSP:DTCY3 vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, DTCOM - Direct To Co'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.


DTCOM - Direct To Co Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, DTCOM - Direct To Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where DTCOM - Direct To Co's Cyclically Adjusted PB Ratio falls into.


BSP:DTCY3
48GF Score
DTCOM - Direct To Co SA BSP:DTCY3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DTCOM - Direct To Co 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.

DTCOM - Direct To Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.30/0.16
=14.38

* 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.

DTCOM - Direct To Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, DTCOM - Direct To Co'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)
=0.044/175.0655*175.0655
=0.044

Current CPI (Mar. 2026) = 175.0655.

DTCOM - Direct To Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.214 108.851 0.344
201609 0.053 109.986 0.084
201612 0.294 110.802 0.465
201703 0.337 111.869 0.527
201706 0.266 112.115 0.415
201709 -0.102 112.777 -0.158
201712 0.020 114.068 0.031
201803 -0.135 114.868 -0.206
201806 -0.186 117.038 -0.278
201809 -0.385 117.881 -0.572
201812 0.738 118.340 1.092
201903 0.482 120.124 0.702
201906 0.102 120.977 0.148
201909 -0.101 121.292 -0.146
201912 0.534 123.436 0.757
202003 0.693 124.092 0.978
202006 0.911 123.557 1.291
202009 0.772 125.095 1.080
202012 0.648 129.012 0.879
202103 0.420 131.660 0.558
202106 0.228 133.871 0.298
202109 0.140 137.913 0.178
202112 0.021 141.992 0.026
202203 -0.087 146.537 -0.104
202206 -0.205 149.784 -0.240
202209 -0.210 147.800 -0.249
202212 -0.004 150.207 -0.005
202303 -0.050 153.352 -0.057
202306 -0.033 154.519 -0.037
202309 -0.149 155.464 -0.168
202312 -0.359 157.148 -0.400
202403 -0.394 159.372 -0.433
202406 -0.435 161.052 -0.473
202409 -0.448 162.342 -0.483
202412 0.112 164.740 0.119
202503 0.102 168.102 0.106
202506 0.060 169.670 0.062
202509 0.111 170.739 0.114
202512 0.085 171.765 0.087
202603 0.044 175.066 0.044

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 14.38 mean?
DTCOM - Direct To Co (BSP:DTCY3) has a Cyclically Adjusted PB Ratio of 14.38 as of Jul. 31, 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 DTCOM - Direct To Co and its competitors. This is 11% below median its historical median of 16.11. Over the past decade, DTCOM - Direct To Co's Cyclically Adjusted PB Ratio has ranged from 11.11 to 82.22. According to the industry distribution chart, DTCOM - Direct To Co ranks #285 out of 289 companies in the Telecommunication Services industry, placing it in the top 98.6%.
Is DTCOM - Direct To Co's Cyclically Adjusted PB Ratio too high?
DTCOM - Direct To Co's current Cyclically Adjusted PB Ratio of 14.38 is 11% below median its 10-year median of 16.11. Over the past 10 years, this metric has ranged from a low of 11.11 to a high of 82.22. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.73. DTCOM - Direct To Co's value of 14.38 is 731.2% above this industry median. Based on the distribution chart, DTCOM - Direct To Co ranks #285 out of 289 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, DTCOM - Direct To Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DTCOM - Direct To Co's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, DTCOM - Direct To Co ranks #285 out of 289 companies for Cyclically Adjusted PB Ratio. This places DTCOM - Direct To Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.73. DTCOM - Direct To Co's value of 14.38 is 731.2% above this benchmark. Historically, DTCOM - Direct To Co's own Cyclically Adjusted PB Ratio has ranged from 11.11 to 82.22 over the past decade. While the company's 10-year median is 16.11 vs. the industry median of 1.73, DTCOM - Direct To Co has consistently been above 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 1.73, based on 289 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. DTCOM - Direct To Co's current Cyclically Adjusted PB Ratio of 14.38 is 731.2% above 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 DTCOM - Direct To Co and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DTCOM - Direct To Co's current Cyclically Adjusted PB Ratio is 14.38, which is 11% below median its own 10-year median of 16.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DTCOM - Direct To Co stock overvalued right now?
Based on GuruFocus' analysis, DTCOM - Direct To Co (BSP:DTCY3) is currently considered Possible Value Trap. The stock's GF Value™ is R$4.53, compared to a current price of R$2.30 — trading 49.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 14.38, which is 11% below median its 10-year median of 16.11 and 731.2% above the Telecommunication Services industry median of 1.73. DTCOM - Direct To Co's overall GF Score™ is 48/100 with 4 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 DTCOM - Direct To Co (BSP:DTCY3), the current Cyclically Adjusted PB Ratio is 14.38 as of Jul. 31, 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 DTCOM - Direct To Co (BSP:DTCY3) Overvalued in 2026?

Based on GuruFocus' analysis, DTCOM - Direct To Co stock appears to be undervalued. The current stock price of R$2.30 is trading 49.2% below its estimated GF Value™ of R$4.53. GuruFocus considers DTCOM - Direct To Co to be Possible Value Trap.

Key valuation signals for BSP:DTCY3:

  • Cyclically Adjusted PB Ratio: 14.38 (11% below median its 10-year median of 16.11)
  • GF Value™: R$4.53 vs. price of R$2.30 (49.2% below fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 731.2% above the Telecommunication Services median (#285 of 289)

No single metric tells the full story. See the BSP:DTCY3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DTCOM - Direct To Co Business Description

Address Av Dom Pedro Ii, 1720, Quatro Barras, PR, BRA, 83420000
DTCOM - Direct To Co SA provides distance learning solutions, corporate communication & satellite telecommunications services. Its offerings include video portals, educational TV channels, & teleconference &videoconference services among others. It produces content for distance education; and provides courseware acquis made by educational experts for educational, interactive, and functional needs. The company also operates WayCO platform, a platform focused on managing the production of content. In addition, it offers corporate solutions for self-development of careers; and develops customized projects for continuing education courses in the online format, as well as executive business administration courses.
48GF Score

Get the complete analysis for BSP:DTCY3

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

R$2.30
Price
R$4.53
GF Value