Bezeq The Israeli Telecommunication (FRA:6B70) Cyclically Adjusted PB Ratio: (As of Sep. 01, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:6B70 Bezeq The Israeli Telecommunication Corp Ltd FRA:6B70
82 GF Score
Price €7.20
GF Value €4.93
! 4 Warning Signs
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What is Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bezeq The Israeli Telecommunication  (FRA:6B70) 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.


Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio Related Terms


Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bezeq The Israeli Telecommunication'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.

Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio Chart

Bezeq The Israeli Telecommunication 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 7.83 9.02 7.64 8.11 11.16

Bezeq The Israeli Telecommunication 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 9.03 9.91 11.16 11.65 10.87

FRA:6B70 vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Bezeq The Israeli Telecommunication'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.


Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


FRA:6B70
82GF Score
Bezeq The Israeli Telecommunication Corp Ltd FRA:6B70
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bezeq The Israeli Telecommunication 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.

Bezeq The Israeli Telecommunication's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bezeq The Israeli Telecommunication'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)
=0.294/333.9520*333.9520
=0.294

Current CPI (Jun. 2026) = 333.9520.

Bezeq The Israeli Telecommunication Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.214 241.428 0.296
201612 0.233 241.432 0.322
201703 0.270 243.801 0.370
201706 0.245 244.955 0.334
201709 0.203 246.819 0.275
201712 0.226 246.524 0.306
201803 0.256 249.554 0.343
201806 0.238 251.989 0.315
201809 0.229 252.439 0.303
201812 0.046 251.233 0.061
201903 0.079 254.202 0.104
201906 -0.088 256.143 -0.115
201909 -0.072 256.759 -0.094
201912 -0.098 256.974 -0.127
202003 -0.036 258.115 -0.047
202006 -0.009 257.797 -0.012
202009 -0.034 260.280 -0.044
202012 -0.016 260.474 -0.021
202103 0.030 264.877 0.038
202106 0.062 271.696 0.076
202109 0.094 274.310 0.114
202112 0.116 278.802 0.139
202203 0.150 287.504 0.174
202206 0.157 296.311 0.177
202209 0.160 296.808 0.180
202212 0.171 296.797 0.192
202303 0.205 301.836 0.227
202306 0.215 305.109 0.235
202309 0.205 307.789 0.222
202312 0.232 306.746 0.253
202403 0.264 312.332 0.282
202406 0.255 314.175 0.271
202409 0.242 315.301 0.256
202412 0.264 315.605 0.279
202503 0.295 319.799 0.308
202506 0.299 322.561 0.310
202509 0.285 324.800 0.293
202512 0.311 324.054 0.320
202603 0.333 330.213 0.337
202606 0.294 333.952 0.294

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 Bezeq The Israeli Telecommunication (FRA:6B70) Overvalued in 2026?

Based on GuruFocus' analysis, Bezeq The Israeli Telecommunication stock appears to be overvalued. The current stock price of €7.20 is trading 46% above its estimated GF Value™ of €4.93.

Key valuation signals for FRA:6B70:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €4.93 vs. price of €7.20 (46% above fair value)
  • GF Score™: 82/100 with 4 warning signs

No single metric tells the full story. See the FRA:6B70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bezeq The Israeli Telecommunication Business Description

Address 132 Menachem Begin Avenue, Azrieli Center, (Triangle Tower), 27th Floor, Tel Aviv, ISR, 61620
Bezeq The Israeli Telecommunication Corp Ltd is a triple-play telecommunications company. The company generates revenue through the provision of mobile, broadband, and data. It operates through four business segments: Bezeq, Pelephone, Bezeq International, and DBS Satellite Services. The Bezeq segment generates revenue from fixed-line communications and contributes the majority of overall company revenue. Pelephone derives revenue from the provision of mobile services. Bezeq International and DBS Satellite Services produce revenue from the provision of Internet services and satellite TV services, respectively. The company owns telecommunications infrastructure, such as fibre networks. It generates the vast majority of its revenue in Israel.
82GF Score

Get the complete analysis for FRA:6B70

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

€7.20
Price
€4.93
GF Value