Nos Sgps (CHIX:NOSU) Cyclically Adjusted PB Ratio: 2.15 (As of Jul. 19, 2026) — 17% Above Median

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CHIX:NOSU Nos Sgps SA CHIX:NOSU
70 GF Score
Price €4.86
GF Value €4.05
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Nos Sgps Cyclically Adjusted PB Ratio?

Nos Sgps CHIX:NOSU 70 Cyclically Adjusted PB Ratio is 2.15 as of Jul. 19, 2026, which is 17% above its 10-year median of 1.84. GuruFocus rates CHIX:NOSU with a GF Score™ of 70/100 and a GF Value™ of €4.05 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 289 Telecommunication Services companies, Nos Sgps ranks worse than 56.4% on this metric.

As of today (2026-07-19), Nos Sgps's current share price is €4.862. Nos Sgps's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.26. Nos Sgps's Cyclically Adjusted PB Ratio for today is 2.15.

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

CHIX:NOSu' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.42   Med: 1.84   Max: 3.84
Current: 2.16

During the past years, Nos Sgps's highest Cyclically Adjusted PB Ratio was 3.84. The lowest was 1.42. And the median was 1.84.

CHIX:NOSu's Cyclically Adjusted PB Ratio is ranked worse than
56.4% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs CHIX:NOSu: 2.16

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.

Nos Sgps's adjusted book value per share data for the three months ended in Mar. 2026 was €2.309. 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 €2.26 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nos Sgps  (CHIX:NOSu) 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.


Nos Sgps Cyclically Adjusted PB Ratio Related Terms


Nos Sgps Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nos Sgps'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.

Nos Sgps Cyclically Adjusted PB Ratio Chart

Nos Sgps 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 1.83 1.75 1.44 1.48 1.78

Nos Sgps 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 1.95 1.71 1.72 1.78 2.39

CHIX:NOSU vs TMUS, VZ, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Nos Sgps'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.


Nos Sgps Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


CHIX:NOSU
70GF Score
Nos Sgps SA CHIX:NOSU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nos Sgps 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.

Nos Sgps's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.862/2.26
=2.15

* 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.

Nos Sgps's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nos Sgps'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)
=2.309/125.9400*125.9400
=2.309

Current CPI (Mar. 2026) = 125.9400.

Nos Sgps Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.956 101.319 2.431
201609 2.011 101.122 2.505
201612 2.039 100.998 2.543
201703 2.101 101.924 2.596
201706 1.981 102.240 2.440
201709 2.048 102.527 2.516
201712 2.142 102.479 2.632
201803 2.197 102.626 2.696
201806 1.986 103.790 2.410
201809 2.068 103.960 2.505
201812 2.039 103.159 2.489
201903 2.123 103.495 2.583
201906 1.863 104.192 2.252
201909 1.958 103.844 2.375
201912 1.961 103.592 2.384
202003 1.939 103.544 2.358
202006 1.747 104.323 2.109
202009 1.831 103.699 2.224
202012 1.856 103.354 2.262
202103 1.916 104.014 2.320
202106 1.723 104.852 2.070
202109 1.818 105.232 2.176
202112 1.868 106.191 2.215
202203 1.954 109.559 2.246
202206 1.768 114.003 1.953
202209 2.000 114.999 2.190
202212 2.047 116.377 2.215
202303 2.105 117.701 2.252
202306 1.746 117.872 1.866
202309 1.837 119.111 1.942
202312 1.932 118.032 2.061
202403 2.062 120.396 2.157
202406 1.873 121.165 1.947
202409 1.965 121.574 2.036
202412 2.111 121.585 2.187
202503 2.219 122.624 2.279
202506 1.925 124.042 1.954
202509 2.055 124.490 2.079
202512 2.183 124.240 2.213
202603 2.309 125.940 2.309

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 2.15 mean?
Nos Sgps (CHIX:NOSU) has a Cyclically Adjusted PB Ratio of 2.15 as of Jul. 19, 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 Nos Sgps and its competitors. This is 17% above median its historical median of 1.84. Over the past decade, Nos Sgps' Cyclically Adjusted PB Ratio has ranged from 1.42 to 3.84. According to the industry distribution chart, Nos Sgps ranks #163 out of 289 companies in the Telecommunication Services industry, placing it in the top 56.4%.
Is Nos Sgps' Cyclically Adjusted PB Ratio too high?
Nos Sgps' current Cyclically Adjusted PB Ratio of 2.15 is 17% above median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 3.84. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. Nos Sgps' value of 2.15 is 20.1% above this industry median. Based on the distribution chart, Nos Sgps ranks #163 out of 289 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Nos Sgps has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nos Sgps' Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Nos Sgps ranks #163 out of 289 companies for Cyclically Adjusted PB Ratio. This places Nos Sgps in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Nos Sgps' value of 2.15 is 20.1% above this benchmark. Historically, Nos Sgps' own Cyclically Adjusted PB Ratio has ranged from 1.42 to 3.84 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.79, Nos Sgps 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 1.79, 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. Nos Sgps's current Cyclically Adjusted PB Ratio of 2.15 is 20.1% 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 Nos Sgps and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nos Sgps's current Cyclically Adjusted PB Ratio is 2.15, which is 17% above median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nos Sgps stock overvalued right now?
Based on GuruFocus' analysis, Nos Sgps (CHIX:NOSU) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.05, compared to a current price of €4.86 — trading 20% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.15, which is 17% above median its 10-year median of 1.84 and 20.1% above the Telecommunication Services industry median of 1.79. Nos Sgps' overall GF Score™ is 70/100 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 Nos Sgps (CHIX:NOSU), the current Cyclically Adjusted PB Ratio is 2.15 as of Jul. 19, 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 Nos Sgps (CHIX:NOSU) Overvalued in 2026?

Based on GuruFocus' analysis, Nos Sgps stock appears to be overvalued. The current stock price of €4.86 is trading 20% above its estimated GF Value™ of €4.05. GuruFocus considers Nos Sgps to be Modestly Overvalued.

Key valuation signals for CHIX:NOSU:

  • Cyclically Adjusted PB Ratio: 2.15 (17% above median its 10-year median of 1.84)
  • GF Value™: €4.05 vs. price of €4.86 (20% above fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 20.1% above the Telecommunication Services median (#163 of 289)

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


Nos Sgps Business Description

Address Rua Actor Antonio Silva, No. 9, Campo Grande, Campo Grande, Lisboa, PRT, 1600-404
Nos Sgps SA is a group operating in communications, technology, and entertainment in Portugal. It provides fixed and mobile telecommunications services, internet, voice and data solutions, as well as cinema and audiovisual services. Its operations span telecommunications, information technology, and related businesses, offering digital and connectivity services to customers in Portugal. The company's business segments are: Telco, IT and Audiovisuals & Cinema. The majority of the company's revenue is derived from the Telco segment, which includes TV, Internet (fixed and mobile) and voice (fixed and mobile) services rendered.
70GF Score

Get the complete analysis for CHIX:NOSU

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

€4.86
Price
€4.05
GF Value