Telecom Plus (CHIX:TEPL) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

CHIX:TEPL Telecom Plus PLC CHIX:TEPL
68 GF Score
Price £8.16
GF Value £16.84
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Telecom Plus Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Telecom Plus  (CHIX:TEPl) 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.


Telecom Plus Cyclically Adjusted PB Ratio Related Terms


Telecom Plus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Telecom Plus'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.

Telecom Plus Cyclically Adjusted PB Ratio Chart

Telecom Plus Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.40 5.83 4.89 5.07 3.67

Telecom Plus Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.99 5.59 5.18 5.48 3.76

CHIX:TEPL vs SRE, AES: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, Telecom Plus'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.


Telecom Plus Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Telecom Plus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:TEPL
68GF Score
Telecom Plus PLC CHIX:TEPL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telecom Plus 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.

Telecom Plus's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Telecom Plus's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=3.342/140.8000*140.8000
=3.342

Current CPI (Mar26) = 140.8000.

Telecom Plus Annual Data

Book Value per Share CPI Adj_Book
201703 3.214 102.700 4.406
201803 2.905 105.100 3.892
201903 2.882 107.000 3.792
202003 2.833 108.600 3.673
202103 2.705 109.700 3.472
202203 2.610 116.500 3.154
202303 2.913 126.800 3.235
202403 2.959 131.600 3.166
202503 3.170 136.100 3.279
202603 3.342 140.800 3.342

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 Telecom Plus (CHIX:TEPL) Overvalued in 2026?

Based on GuruFocus' analysis, Telecom Plus stock appears to be undervalued. The current stock price of £8.16 is trading 51.5% below its estimated GF Value™ of £16.84. GuruFocus considers Telecom Plus to be Significantly Undervalued.

Key valuation signals for CHIX:TEPL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: £16.84 vs. price of £8.16 (51.5% below fair value)
  • GF Score™: 68/100 with 4 warning signs

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


Telecom Plus Business Description

Other Exchanges TEP:UKT8T:Germany
Address 508 Edgware Road, The Hyde, Network HQ, London, GBR, NW9 5AB
Telecom Plus PLC is a UK Based telecommunications and utilities company that provides mobile services, fixed-line services, Internet services, and gas and electricity services. The company generates maximum revenue from Electricity services. Its main income streams from the provision of fixed-line telephony, broadband, mobile telephony, gas and electricity services, and transactions.
68GF Score

Get the complete analysis for CHIX:TEPL

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

£8.16
Price
£16.84
GF Value