Vodafone Qatar QSC (DSMD:VFQS) Cyclically Adjusted PB Ratio: 2.02 (As of Aug. 15, 2026) — 55% Above Median

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DSMD:VFQS Vodafone Qatar QSC DSMD:VFQS
89 GF Score
Price ر.ق2.67
GF Value ر.ق2.20
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Vodafone Qatar QSC Cyclically Adjusted PB Ratio?

Vodafone Qatar QSC DSMD:VFQS -1.04% 89 Cyclically Adjusted PB Ratio is 2.02 as of Aug. 15, 2026, which is 55% above its 10-year median of 1.30. GuruFocus rates DSMD:VFQS with a GF Score™ of 89/100 and a GF Value™ of ر.ق2.20 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 290 Telecommunication Services companies, Vodafone Qatar QSC ranks worse than 56.55% on this metric.

As of today (2026-08-15), Vodafone Qatar QSC's current share price is ر.ق2.67. Vodafone Qatar QSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ر.ق1.32. Vodafone Qatar QSC's Cyclically Adjusted PB Ratio for today is 2.02.

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

DSMD:VFQS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.3   Max: 2.13
Current: 2.05

During the past years, Vodafone Qatar QSC's highest Cyclically Adjusted PB Ratio was 2.13. The lowest was 0.93. And the median was 1.30.

DSMD:VFQS's Cyclically Adjusted PB Ratio is ranked worse than
56.55% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.785 vs DSMD:VFQS: 2.05

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.

Vodafone Qatar QSC's adjusted book value per share data for the three months ended in Jun. 2026 was ر.ق1.211. 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 ر.ق1.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vodafone Qatar QSC  (DSMD:VFQS) 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.


Vodafone Qatar QSC Cyclically Adjusted PB Ratio Related Terms


Vodafone Qatar QSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vodafone Qatar QSC'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.

Vodafone Qatar QSC Cyclically Adjusted PB Ratio Chart

Vodafone Qatar QSC Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.22 1.15 1.42 1.39 1.88

Vodafone Qatar QSC 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 1.81 1.87 1.88 1.80 2.01

DSMD:VFQS vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Vodafone Qatar QSC'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.


Vodafone Qatar QSC Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


DSMD:VFQS
89GF Score
Vodafone Qatar QSC DSMD:VFQS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vodafone Qatar QSC 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.

Vodafone Qatar QSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.67/1.32
=2.02

* 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.

Vodafone Qatar QSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Vodafone Qatar QSC'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)
=1.211/333.9520*333.9520
=1.211

Current CPI (Jun. 2026) = 333.9520.

Vodafone Qatar QSC Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.126 241.428 1.558
201612 1.119 241.432 1.548
201703 1.101 243.801 1.508
201706 1.087 244.955 1.482
201709 1.065 246.819 1.441
201712 1.058 246.524 1.433
201803 1.062 249.554 1.421
201806 1.070 251.989 1.418
201809 1.076 252.439 1.423
201812 1.086 251.233 1.444
201903 1.046 254.202 1.374
201906 1.054 256.143 1.374
201909 1.061 256.759 1.380
201912 1.069 256.974 1.389
202003 1.030 258.115 1.333
202006 1.038 257.797 1.345
202009 1.048 260.280 1.345
202012 1.062 260.474 1.362
202103 1.027 264.877 1.295
202106 1.043 271.696 1.282
202109 1.058 274.310 1.288
202112 1.087 278.802 1.302
202203 1.052 287.504 1.222
202206 1.077 296.311 1.214
202209 1.105 296.808 1.243
202212 1.143 296.797 1.286
202303 1.074 301.836 1.188
202306 1.103 305.109 1.207
202309 1.134 307.789 1.230
202312 1.168 306.746 1.272
202403 1.092 312.332 1.168
202406 1.125 314.175 1.196
202409 1.159 315.301 1.228
202412 1.195 315.605 1.264
202503 1.113 319.799 1.162
202506 1.153 322.561 1.194
202509 1.191 324.800 1.225
202512 1.239 324.054 1.277
202603 1.165 330.213 1.178
202606 1.211 333.952 1.211

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 2.02 mean?
Vodafone Qatar QSC (DSMD:VFQS) has a Cyclically Adjusted PB Ratio of 2.02 as of Aug. 15, 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 Vodafone Qatar QSC and its competitors. This is 55% above median its historical median of 1.30. Over the past decade, Vodafone Qatar QSC's Cyclically Adjusted PB Ratio has ranged from 0.93 to 2.13. According to the industry distribution chart, Vodafone Qatar QSC ranks #164 out of 290 companies in the Telecommunication Services industry, placing it in the top 56.6%.
Is Vodafone Qatar QSC's Cyclically Adjusted PB Ratio too high?
Vodafone Qatar QSC's current Cyclically Adjusted PB Ratio of 2.02 is 55% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 2.13. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. Vodafone Qatar QSC's value of 2.02 is 13.2% above this industry median. Based on the distribution chart, Vodafone Qatar QSC ranks #164 out of 290 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Vodafone Qatar QSC has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vodafone Qatar QSC's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Vodafone Qatar QSC ranks #164 out of 290 companies for Cyclically Adjusted PB Ratio. This places Vodafone Qatar QSC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Vodafone Qatar QSC's value of 2.02 is 13.2% above this benchmark. Historically, Vodafone Qatar QSC's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 2.13 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.79, Vodafone Qatar QSC 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 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. Vodafone Qatar QSC's current Cyclically Adjusted PB Ratio of 2.02 is 13.2% 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 Vodafone Qatar QSC 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. Vodafone Qatar QSC's current Cyclically Adjusted PB Ratio is 2.02, which is 55% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodafone Qatar QSC stock overvalued right now?
Based on GuruFocus' analysis, Vodafone Qatar QSC (DSMD:VFQS) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ق2.20, compared to a current price of ر.ق2.67 — trading 21.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.02, which is 55% above median its 10-year median of 1.30 and 13.2% above the Telecommunication Services industry median of 1.79. Vodafone Qatar QSC's overall GF Score™ is 89/100 with 4 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 Vodafone Qatar QSC (DSMD:VFQS), the current Cyclically Adjusted PB Ratio is 2.02 as of Aug. 15, 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 Vodafone Qatar QSC (DSMD:VFQS) Overvalued in 2026?

Based on GuruFocus' analysis, Vodafone Qatar QSC stock appears to be overvalued. The current stock price of ر.ق2.67 is trading 21.4% above its estimated GF Value™ of ر.ق2.20. GuruFocus considers Vodafone Qatar QSC to be Modestly Overvalued.

Key valuation signals for DSMD:VFQS:

  • Cyclically Adjusted PB Ratio: 2.02 (55% above median its 10-year median of 1.30)
  • GF Value™: ر.ق2.20 vs. price of ر.ق2.67 (21.4% above fair value)
  • GF Score™: 89/100 with 4 warning signs
  • Industry Position: 13.2% above the Telecommunication Services median (#164 of 290)

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


Vodafone Qatar QSC Business Description

Address Street 981, Doha Zone 3, P.O. Box 27727, Building number 2, 4th Floor, Msherieb Downtown, Doha, QAT
Vodafone Qatar QSC provides cellular mobile telecommunication services, fixed-line services, and sells mobile-related equipment and accessories. It operates in two segments: Consumer and Enterprise and others. Its services include messaging, interconnect, data broadband services, connection fees, and equipment sales. The company offers a comprehensive range of services that include voice, messaging, data, fixed communications, Internet of Things and ICT managed services, for consumers and businesses alike.
89GF Score

Get the complete analysis for DSMD:VFQS

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

ر.ق2.67
Price
ر.ق2.20
GF Value