TIM (BUE:TIMB) Cyclically Adjusted PB Ratio: 1.57 (As of Aug. 06, 2026) — 18% Above Median

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BUE:TIMB TIM SA BUE:TIMB
76 GF Score
Price ARS28,820.00
GF Value ARS32,456.59
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is TIM Cyclically Adjusted PB Ratio?

TIM BUE:TIMB 76 Cyclically Adjusted PB Ratio is 1.57 as of Aug. 06, 2026, which is 18% above its 10-year median of 1.33. GuruFocus rates BUE:TIMB with a GF Score™ of 76/100 and a GF Value™ of ARS32,456.59 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 290 Telecommunication Services companies, TIM ranks better than 54.14% on this metric.

As of today (2026-08-06), TIM's current share price is ARS28820.00. TIM's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS18,360.27. TIM's Cyclically Adjusted PB Ratio for today is 1.57.

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

BUE:TIMB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 1.33   Max: 2.38
Current: 1.6

During the past years, TIM's highest Cyclically Adjusted PB Ratio was 2.38. The lowest was 0.60. And the median was 1.33.

BUE:TIMB's Cyclically Adjusted PB Ratio is ranked better than
54.14% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.705 vs BUE:TIMB: 1.60

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.

TIM's adjusted book value per share data for the three months ended in Jun. 2026 was ARS3,027.250. 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 ARS18,360.27 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TIM  (BUE:TIMB) 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.


TIM Cyclically Adjusted PB Ratio Related Terms


TIM Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TIM'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.

TIM Cyclically Adjusted PB Ratio Chart

TIM 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 1.34 1.19 1.65 1.27 1.82

TIM 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 1.89 2.01 1.82 2.30 1.81

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

For the Telecom Services subindustry, TIM'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.


TIM Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


BUE:TIMB
76GF Score
TIM SA BUE:TIMB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TIM 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28820.00/18360.27
=1.57

* 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.

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

For example, TIM'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)
=3027.25/177.5443*177.5443
=3,027.250

Current CPI (Jun. 2026) = 177.5443.

TIM Quarterly Data

Book Value per Share CPI Adj_Book
201609 32.146 109.986 51.891
201612 33.554 110.802 53.765
201703 35.273 111.869 55.981
201706 36.259 112.115 57.420
201709 41.199 112.777 64.859
201712 43.448 114.068 67.626
201803 46.544 114.868 71.940
201806 50.388 117.038 76.438
201809 72.305 117.881 108.900
201812 79.411 118.340 119.139
201903 83.761 120.124 123.800
201906 105.040 120.977 154.155
201909 123.764 121.292 181.162
201912 134.943 123.436 194.095
202003 118.545 124.092 169.609
202006 124.522 123.557 178.931
202009 132.035 125.095 187.394
202012 151.483 129.012 208.468
202103 154.940 131.660 208.937
202106 185.029 133.871 245.393
202109 188.578 137.913 242.769
202112 185.252 141.992 231.635
202203 225.871 146.537 273.665
202206 249.681 149.784 295.957
202209 276.911 147.800 332.639
202212 335.317 150.207 396.344
202303 395.063 153.352 457.386
202306 517.479 154.519 594.590
202309 0.000 155.464 0.000
202312 791.855 157.148 894.630
202403 1,749.346 159.372 1,948.809
202406 1,751.701 161.052 1,931.087
202409 1,842.124 162.342 2,014.622
202412 1,805.830 164.740 1,946.184
202503 1,871.071 168.102 1,976.174
202506 2,224.764 169.670 2,328.017
202509 2,654.750 170.739 2,760.561
202512 2,670.603 171.765 2,760.455
202603 2,733.423 175.066 2,772.126
202606 3,027.250 177.544 3,027.250

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 1.57 mean?
TIM (BUE:TIMB) has a Cyclically Adjusted PB Ratio of 1.57 as of Aug. 06, 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 TIM and its competitors. This is 18% above median its historical median of 1.33. Over the past decade, TIM's Cyclically Adjusted PB Ratio has ranged from 0.60 to 2.38. According to the industry distribution chart, TIM ranks #133 out of 290 companies in the Telecommunication Services industry, placing it in the top 45.9%.
Is TIM's Cyclically Adjusted PB Ratio too high?
TIM's current Cyclically Adjusted PB Ratio of 1.57 is 18% above median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 2.38. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.71. TIM's value of 1.57 is 7.9% below this industry median. Based on the distribution chart, TIM ranks #133 out of 290 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, TIM has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TIM's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, TIM ranks #133 out of 290 companies for Cyclically Adjusted PB Ratio. This puts TIM in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.71. TIM's value of 1.57 is 7.9% below this benchmark. Historically, TIM's own Cyclically Adjusted PB Ratio has ranged from 0.60 to 2.38 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 1.71, TIM 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. TIM's current Cyclically Adjusted PB Ratio of 1.57 is 7.9% 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 TIM 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. TIM's current Cyclically Adjusted PB Ratio is 1.57, which is 18% above median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TIM stock overvalued right now?
Based on GuruFocus' analysis, TIM (BUE:TIMB) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS32,456.59, compared to a current price of ARS28,820.00 — trading 11.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.57, which is 18% above median its 10-year median of 1.33 and 7.9% below the Telecommunication Services industry median of 1.71. TIM's overall GF Score™ is 76/100 with 2 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 TIM (BUE:TIMB), the current Cyclically Adjusted PB Ratio is 1.57 as of Aug. 06, 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 TIM (BUE:TIMB) Overvalued in 2026?

Based on GuruFocus' analysis, TIM stock appears to be undervalued. The current stock price of ARS28,820.00 is trading 11.2% below its estimated GF Value™ of ARS32,456.59. GuruFocus considers TIM to be Modestly Undervalued.

Key valuation signals for BUE:TIMB:

  • Cyclically Adjusted PB Ratio: 1.57 (18% above median its 10-year median of 1.33)
  • GF Value™: ARS32,456.59 vs. price of ARS28,820.00 (11.2% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 7.9% below the Telecommunication Services median (#133 of 290)

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


TIM Business Description

Address Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057
TIM, which is 67%-owned by Telecom Italia, is the third-largest wireless carrier in Brazil, with 62 million subscribers, equal to about 23% of the market. The firm owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 8 million locations, including 6.5 million with fiber, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand, but it has agreed to buy out its joint venture partner in 2026 and will take full ownership of these assets. TIM also resells fiber network access from other providers.
76GF Score

Get the complete analysis for BUE:TIMB

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

ARS28,820.00
Price
ARS32,456.59
GF Value