Zegona Communications (CHIX:ZEGL) Cyclically Adjusted PB Ratio: 10.85 (As of Aug. 10, 2026) — 12% Below Median

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.

CHIX:ZEGL Zegona Communications PLC CHIX:ZEGL
15 GF Score
Price £15.30
! 5 Warning Signs
View Full Analysis

What is Zegona Communications Cyclically Adjusted PB Ratio?

Zegona Communications CHIX:ZEGL -0.65% 15 Cyclically Adjusted PB Ratio is 10.85 as of Aug. 10, 2026, which is 12% below its 10-year median of 12.39. GuruFocus rates CHIX:ZEGL with a GF Score™ of 15/100. The stock has 5 warning signs investors should review. Among 290 Telecommunication Services companies, Zegona Communications ranks worse than 96.55% on this metric.

As of today (2026-08-10), Zegona Communications's current share price is £15.30. Zegona Communications's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was £1.41. Zegona Communications's Cyclically Adjusted PB Ratio for today is 10.85.

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

CHIX:ZEGl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.3   Med: 12.39   Max: 13.3
Current: 10.84

During the past 10 years, Zegona Communications's highest Cyclically Adjusted PB Ratio was 13.30. The lowest was 10.30. And the median was 12.39.

CHIX:ZEGl's Cyclically Adjusted PB Ratio is ranked worse than
96.55% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.77 vs CHIX:ZEGl: 10.84

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.

Zegona Communications's adjusted book value per share data of for the fiscal year that ended in Mar26 was £-3.296. 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 £1.41 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zegona Communications  (CHIX:ZEGl) 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.


Zegona Communications Cyclically Adjusted PB Ratio Related Terms


Zegona Communications Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zegona Communications'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.

Zegona Communications Cyclically Adjusted PB Ratio Chart

Zegona Communications Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 11.69

Zegona Communications Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 0.00 0.00 0.00 0.00 11.69

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

For the Telecom Services subindustry, Zegona Communications'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.


Zegona Communications Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


CHIX:ZEGL
15GF Score
Zegona Communications PLC CHIX:ZEGL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zegona Communications 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.

Zegona Communications's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.30/1.41
=10.85

* 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.

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

For example, Zegona Communications'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)
=-3.296/140.8000*140.8000
=-3.296

Current CPI (Mar26) = 140.8000.

Zegona Communications Annual Data

Book Value per Share CPI Adj_Book
201512 1.387 100.400 1.945
201612 1.562 102.200 2.152
201712 1.372 105.000 1.840
201812 1.382 107.100 1.817
201912 1.342 108.500 1.742
202012 1.374 109.400 1.768
202112 2.306 114.700 2.831
202212 1.485 125.300 1.669
202312 1.446 130.500 1.560
202603 -3.296 140.800 -3.296

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 10.85 mean?
Zegona Communications (CHIX:ZEGL) has a Cyclically Adjusted PB Ratio of 10.85 as of Aug. 10, 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 Zegona Communications and its competitors. This is 12% below median its historical median of 12.39. Over the past decade, Zegona Communications' Cyclically Adjusted PB Ratio has ranged from 10.30 to 13.30. According to the industry distribution chart, Zegona Communications ranks #280 out of 290 companies in the Telecommunication Services industry, placing it in the top 96.6%.
Is Zegona Communications' Cyclically Adjusted PB Ratio too high?
Zegona Communications' current Cyclically Adjusted PB Ratio of 10.85 is 12% below median its 10-year median of 12.39. Over the past 10 years, this metric has ranged from a low of 10.30 to a high of 13.30. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.77. Zegona Communications' value of 10.85 is 513% above this industry median. Based on the distribution chart, Zegona Communications ranks #280 out of 290 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Zegona Communications has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Zegona Communications' Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Zegona Communications ranks #280 out of 290 companies for Cyclically Adjusted PB Ratio. This places Zegona Communications in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.77. Zegona Communications' value of 10.85 is 513% above this benchmark. Historically, Zegona Communications' own Cyclically Adjusted PB Ratio has ranged from 10.30 to 13.30 over the past decade. While the company's 10-year median is 12.39 vs. the industry median of 1.77, Zegona Communications 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 1.77, 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. Zegona Communications's current Cyclically Adjusted PB Ratio of 10.85 is 513% 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 Zegona Communications and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zegona Communications's current Cyclically Adjusted PB Ratio is 10.85, which is 12% below median its own 10-year median of 12.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zegona Communications stock overvalued right now?
Zegona Communications (CHIX:ZEGL) has a current Cyclically Adjusted PB Ratio of 10.85. The current Cyclically Adjusted PB Ratio is 10.85, which is 12% below median its 10-year median of 12.39 and 513% above the Telecommunication Services industry median of 1.77. Zegona Communications' overall GF Score™ is 15/100 with 5 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 Zegona Communications (CHIX:ZEGL), the current Cyclically Adjusted PB Ratio is 10.85 as of Aug. 10, 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.

Zegona Communications Business Description

Address 8 Sackville Street, Mayfair, London, GBR, W1S 3DG
Zegona Communications PLC is an integrated telecommunications provider of broadband, mobile and TV services and products in Spain, delivering voice, data and other value-added services. The Group serves both business-to-consumer and business-to-business markets with a diversified customer base. The Company's objective is to invest in businesses in the European Telecommunications, Media and Technology sector and improve their performance to deliver attractive shareholder returns.
15GF Score

Get the complete analysis for CHIX:ZEGL

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

£15.30
Price