ITV (CHIX:ITVL) Cyclically Adjusted PB Ratio: 1.92 (As of Jul. 16, 2026) — 46% Below Median

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CHIX:ITVL ITV PLC CHIX:ITVL
57 GF Score
Price £0.73
GF Value £0.81
Valuation Modestly Undervalued
! 2 Warning Signs
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What is ITV Cyclically Adjusted PB Ratio?

ITV CHIX:ITVL +0.90% 57 Cyclically Adjusted PB Ratio is 1.92 as of Jul. 16, 2026, which is 46% below its 10-year median of 3.58. GuruFocus rates CHIX:ITVL with a GF Score™ of 57/100 and a GF Value™ of £0.81 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 720 Media - Diversified companies, ITV ranks worse than 73.19% on this metric.

As of today (2026-07-16), ITV's current share price is £0.73. ITV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was £0.38. ITV's Cyclically Adjusted PB Ratio for today is 1.92.

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

CHIX:ITVl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.75   Med: 3.58   Max: 8.59
Current: 1.96

During the past 13 years, ITV's highest Cyclically Adjusted PB Ratio was 8.59. The lowest was 1.75. And the median was 3.58.

CHIX:ITVl's Cyclically Adjusted PB Ratio is ranked worse than
73.19% of 720 companies
in the Media - Diversified industry
Industry Median: 0.99 vs CHIX:ITVl: 1.96

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.

ITV's adjusted book value per share data of for the fiscal year that ended in Dec25 was £0.481. 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 £0.38 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


ITV  (CHIX:ITVl) 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.


ITV Cyclically Adjusted PB Ratio Related Terms


ITV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ITV'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.

ITV Cyclically Adjusted PB Ratio Chart

ITV 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 4.27 2.50 1.92 2.07 2.18

ITV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.92 0.00 2.07 0.00 2.18

CHIX:ITVL vs NXST: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, ITV'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.


ITV Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, ITV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:ITVL
57GF Score
ITV PLC CHIX:ITVL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ITV 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.73/0.38
=1.92

* 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.

ITV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, ITV's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.481/139.9000*139.9000
=0.481

Current CPI (Dec25) = 139.9000.

ITV Annual Data

Book Value per Share CPI Adj_Book
201612 0.179 102.200 0.245
201712 0.171 105.000 0.228
201812 0.202 107.100 0.264
201912 0.211 108.500 0.272
202012 0.279 109.400 0.357
202112 0.369 114.700 0.450
202212 0.454 125.300 0.507
202312 0.444 130.500 0.476
202412 0.480 135.100 0.497
202512 0.481 139.900 0.481

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 1.92 mean?
ITV (CHIX:ITVL) has a Cyclically Adjusted PB Ratio of 1.92 as of Jul. 16, 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 ITV and its competitors. This is 46% below median its historical median of 3.58. Over the past decade, ITV's Cyclically Adjusted PB Ratio has ranged from 1.75 to 8.59. According to the industry distribution chart, ITV ranks #527 out of 720 companies in the Media - Diversified industry, placing it in the top 73.2%.
Is ITV's Cyclically Adjusted PB Ratio too high?
ITV's current Cyclically Adjusted PB Ratio of 1.92 is 46% below median its 10-year median of 3.58. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 8.59. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. ITV's value of 1.92 is 93.9% above this industry median. Based on the distribution chart, ITV ranks #527 out of 720 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, ITV has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ITV's Cyclically Adjusted PB Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, ITV ranks #527 out of 720 companies for Cyclically Adjusted PB Ratio. This places ITV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. ITV's value of 1.92 is 93.9% above this benchmark. Historically, ITV's own Cyclically Adjusted PB Ratio has ranged from 1.75 to 8.59 over the past decade. While the company's 10-year median is 3.58 vs. the industry median of 0.99, ITV 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 720 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. ITV's current Cyclically Adjusted PB Ratio of 1.92 is 93.9% 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 ITV and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITV's current Cyclically Adjusted PB Ratio is 1.92, which is 46% below median its own 10-year median of 3.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITV stock overvalued right now?
Based on GuruFocus' analysis, ITV (CHIX:ITVL) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.81, compared to a current price of £0.73 — trading 9.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.92, which is 46% below median its 10-year median of 3.58 and 93.9% above the Media - Diversified industry median of 0.99. ITV's overall GF Score™ is 57/100 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 ITV (CHIX:ITVL), the current Cyclically Adjusted PB Ratio is 1.92 as of Jul. 16, 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 ITV (CHIX:ITVL) Overvalued in 2026?

Based on GuruFocus' analysis, ITV stock appears to be undervalued. The current stock price of £0.73 is trading 9.9% below its estimated GF Value™ of £0.81. GuruFocus considers ITV to be Modestly Undervalued.

Key valuation signals for CHIX:ITVL:

  • Cyclically Adjusted PB Ratio: 1.92 (46% below median its 10-year median of 3.58)
  • GF Value™: £0.81 vs. price of £0.73 (9.9% below fair value)
  • GF Score™: 57/100 with 2 warning signs
  • Industry Position: 93.9% above the Media - Diversified median (#527 of 720)

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


ITV Business Description

Other Exchanges ITVPY:USAITV:UK
Address 201 Wood Lane, White City Place, London, GBR, W12 7RU
ITV PLC is a broadcasting television company that owns, creates, and distributes the content on its platforms. The company's international content business, ITV Studios, produces programming for ITV's channels as well as other British broadcasters. The company's segment includes ITV Studios and Media and Entertainment. It generates maximum of its revenue from the ITV Studios segment.
57GF Score

Get the complete analysis for CHIX:ITVL

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

£0.73
Price
£0.81
GF Value