BZQIY (Bezeq The Israeli Telecommunication) Cyclically Adjusted PB Ratio: (As of Sep. 01, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

BZQIY Bezeq The Israeli Telecommunication Corp Ltd BZQIY
71 GF Score
Price $13.20
GF Value $9.33
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bezeq The Israeli Telecommunication  (OTCPK:BZQIY) 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.


Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio Related Terms


Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bezeq The Israeli Telecommunication'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.

Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio Chart

Bezeq The Israeli Telecommunication 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 7.83 9.02 7.64 8.11 11.16

Bezeq The Israeli Telecommunication 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 9.03 9.91 11.16 11.65 0.00

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

For the Telecom Services subindustry, Bezeq The Israeli Telecommunication'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.


Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


BZQIY
71GF Score
Bezeq The Israeli Telecommunication Corp Ltd BZQIY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bezeq The Israeli Telecommunication 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.

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

For example, Bezeq The Israeli Telecommunication'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)
=1.654/333.9520*333.9520
=1.654

Current CPI (Jun. 2026) = 333.9520.

Bezeq The Israeli Telecommunication Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.223 241.428 1.692
201612 1.329 241.432 1.838
201703 1.543 243.801 2.114
201706 1.402 244.955 1.911
201709 1.162 246.819 1.572
201712 1.293 246.524 1.752
201803 1.463 249.554 1.958
201806 1.361 251.989 1.804
201809 1.309 252.439 1.732
201812 0.262 251.233 0.348
201903 0.451 254.202 0.592
201906 -0.504 256.143 -0.657
201909 -0.412 256.759 -0.536
201912 -0.562 256.974 -0.730
202003 -0.208 258.115 -0.269
202006 -0.051 257.797 -0.066
202009 -0.196 260.280 -0.251
202012 -0.090 260.474 -0.115
202103 0.174 264.877 0.219
202106 0.356 271.696 0.438
202109 0.537 274.310 0.654
202112 0.661 278.802 0.792
202203 0.856 287.504 0.994
202206 0.896 296.311 1.010
202209 0.912 296.808 1.026
202212 0.979 296.797 1.102
202303 1.170 301.836 1.294
202306 1.226 305.109 1.342
202309 1.170 307.789 1.269
202312 1.324 306.746 1.441
202403 1.506 312.332 1.610
202406 1.458 314.175 1.550
202409 1.383 315.301 1.465
202412 1.507 315.605 1.595
202503 1.688 319.799 1.763
202506 1.710 322.561 1.770
202509 1.628 324.800 1.674
202512 1.775 324.054 1.829
202603 1.901 330.213 1.923
202606 1.654 333.952 1.654

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 Bezeq The Israeli Telecommunication (BZQIY) Overvalued in 2026?

Based on GuruFocus' analysis, Bezeq The Israeli Telecommunication stock appears to be overvalued. The current stock price of $13.20 is trading 41.5% above its estimated GF Value™ of $9.33. GuruFocus considers Bezeq The Israeli Telecommunication to be Significantly Overvalued.

Key valuation signals for BZQIY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $9.33 vs. price of $13.20 (41.5% above fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Bezeq The Israeli Telecommunication Business Description

Other Exchanges BZQIF:USABEZQ:Israel
Address 132 Menachem Begin Avenue, Azrieli Center, (Triangle Tower), 27th Floor, Tel Aviv, ISR, 61620
Bezeq The Israeli Telecommunication Corp Ltd is a triple-play telecommunications company. The company generates revenue through the provision of mobile, broadband, and data. It operates through four business segments: Bezeq, Pelephone, Bezeq International, and DBS Satellite Services. The Bezeq segment generates revenue from fixed-line communications and contributes the majority of overall company revenue. Pelephone derives revenue from the provision of mobile services. Bezeq International and DBS Satellite Services produce revenue from the provision of Internet services and satellite TV services, respectively. The company owns telecommunications infrastructure, such as fibre networks. It generates the vast majority of its revenue in Israel.
71GF Score

Get the complete analysis for BZQIY

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

$13.20
Price
$9.33
GF Value