Orange (BUE:ORAN) Cyclically Adjusted PB Ratio: 1.25 (As of Aug. 08, 2026) — 49% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:ORAN Orange SA BUE:ORAN
80 GF Score
Price ARS13,200.00
GF Value ARS10,692.65
! 1 Warning Sign
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What is Orange Cyclically Adjusted PB Ratio?

Orange BUE:ORAN 80 Cyclically Adjusted PB Ratio is 1.25 as of Aug. 08, 2026, which is 49% above its 10-year median of 0.84. GuruFocus rates BUE:ORAN with a GF Score™ of 80/100 and a GF Value™ of ARS10,692.65. The stock has 1 warning sign investors should review. Among 290 Telecommunication Services companies, Orange ranks better than 63.1% on this metric.

As of today (2026-08-08), Orange's current share price is ARS13200.00. Orange's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS10,588.79. Orange's Cyclically Adjusted PB Ratio for today is 1.25.

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

BUE:ORAN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 0.84   Max: 1.4
Current: 1.23

During the past years, Orange's highest Cyclically Adjusted PB Ratio was 1.40. The lowest was 0.74. And the median was 0.84.

BUE:ORAN's Cyclically Adjusted PB Ratio is ranked better than
63.1% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.715 vs BUE:ORAN: 1.23

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.

Orange's adjusted book value per share data for the three months ended in Jun. 2026 was ARS143,031.193. 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 ARS10,588.79 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orange  (BUE:ORAN) 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.


Orange Cyclically Adjusted PB Ratio Related Terms


Orange Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orange'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.

Orange Cyclically Adjusted PB Ratio Chart

Orange 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 0.79 0.73 0.79 0.74 1.09

Orange Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 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 0.98 0.00 1.09 0.00 1.25

BUE:ORAN vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Orange'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.


Orange Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


BUE:ORAN
80GF Score
Orange SA BUE:ORAN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Orange 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.

Orange's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13200.00/10588.79
=1.25

* 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.

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

For example, Orange'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)
=143031.193/123.5100*123.5100
=143,031.193

Current CPI (Jun. 2026) = 123.5100.

Orange Quarterly Data

Book Value per Share CPI Adj_Book
201006 388.057 94.910 504.993
201012 404.457 95.450 523.358
201106 440.848 96.910 561.853
201112 415.068 97.800 524.183
201206 413.870 98.780 517.484
201212 418.115 99.100 521.104
201306 455.208 99.700 563.919
201312 563.629 99.800 697.533
201406 783.141 100.180 965.520
201412 823.622 99.860 1,018.682
201506 809.661 100.440 995.632
201512 1,151.566 100.040 1,421.730
201606 1,299.045 100.630 1,594.406
201612 1,374.754 100.650 1,686.993
201706 1,472.824 101.320 1,795.386
201712 1,842.310 101.850 2,234.106
201806 2,329.336 103.370 2,783.170
201812 3,471.328 103.470 4,143.652
201906 4,037.943 104.580 4,768.850
201912 5,591.369 104.980 6,578.300
202006 6,517.918 104.790 7,682.298
202012 9,007.330 104.960 10,599.231
202106 8,984.765 106.340 10,435.474
202112 9,716.340 107.850 11,127.169
202206 10,968.607 112.550 12,036.718
202212 14,865.127 114.160 16,082.619
202303 0.000 116.790 0.000
202306 21,483.036 117.650 22,553.079
202309 0.000 118.260 0.000
202312 32,999.723 118.390 34,426.859
202403 0.000 119.470 0.000
202406 79,712.314 120.200 81,907.387
202409 0.000 119.560 0.000
202412 88,487.722 119.950 91,113.952
202503 0.000 120.380 0.000
202506 106,065.734 121.360 107,944.783
202509 0.000 120.950 0.000
202512 133,084.429 120.900 135,957.468
202603 0.000 122.420 0.000
202606 143,031.193 123.510 143,031.193

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 1.25 mean?
Orange (BUE:ORAN) has a Cyclically Adjusted PB Ratio of 1.25 as of Aug. 08, 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 Orange and its competitors. This is 49% above median its historical median of 0.84. Over the past decade, Orange's Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.40. According to the industry distribution chart, Orange ranks #107 out of 290 companies in the Telecommunication Services industry, placing it in the top 36.9%.
Is Orange's Cyclically Adjusted PB Ratio too high?
Orange's current Cyclically Adjusted PB Ratio of 1.25 is 49% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.40. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.72. Orange's value of 1.25 is 27.1% below this industry median. Based on the distribution chart, Orange ranks #107 out of 290 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Orange has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Orange's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Orange ranks #107 out of 290 companies for Cyclically Adjusted PB Ratio. This puts Orange in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.72. Orange's value of 1.25 is 27.1% below this benchmark. Historically, Orange's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.40 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.72, Orange 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 1.72, 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. Orange's current Cyclically Adjusted PB Ratio of 1.25 is 27.1% 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 Orange and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orange's current Cyclically Adjusted PB Ratio is 1.25, which is 49% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orange stock overvalued right now?
Orange (BUE:ORAN) has a current Cyclically Adjusted PB Ratio of 1.25. The stock's GF Value™ is ARS10,692.65, compared to a current price of ARS13,200.00 — trading 23.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.25, which is 49% above median its 10-year median of 0.84 and 27.1% below the Telecommunication Services industry median of 1.72. Orange's overall GF Score™ is 80/100 with 1 warning sign 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 Orange (BUE:ORAN), the current Cyclically Adjusted PB Ratio is 1.25 as of Aug. 08, 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 Orange (BUE:ORAN) Overvalued in 2026?

Based on GuruFocus' analysis, Orange stock appears to be overvalued. The current stock price of ARS13,200.00 is trading 23.4% above its estimated GF Value™ of ARS10,692.65.

Key valuation signals for BUE:ORAN:

  • Cyclically Adjusted PB Ratio: 1.25 (49% above median its 10-year median of 0.84)
  • GF Value™: ARS10,692.65 vs. price of ARS13,200.00 (23.4% above fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 27.1% below the Telecommunication Services median (#107 of 290)

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


Orange Business Description

Address 111, quai du president Roosevelt, Issy-les-Moulineaux, Paris, FRA, 92130
Orange operates fixed-line and wireless businesses in France, where it is the market leader ahead of Iliad, Bouygues, and SFR, thanks to its incumbent position. It also has telecom businesses in Spain (through MasOrange), Poland, Belgium, Luxembourg, and Central Europe (Romania, Slovakia, and Moldova). Around 20% of revenue comes from emerging African markets, where it mainly operates wireless networks, and 20% comes from the enterprise segment, which serves companies with more than 50 employees in France and internationally.
80GF Score

Get the complete analysis for BUE:ORAN

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

ARS13,200.00
Price
ARS10,692.65
GF Value