Nos Sgps (FRA:PMV) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

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.

FRA:PMV Nos Sgps SA FRA:PMV
83 GF Score
Price €4.85
GF Value €4.22
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Nos Sgps Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nos Sgps  (FRA:PMV) 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
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 1.71 1.72 1.78 2.39 0.00

FRA:PMV vs VZ, TMUS, 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.


FRA:PMV
83GF Score
Nos Sgps SA FRA:PMV
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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Nos Sgps'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)
=2.01/128.0300*128.0300
=2.010

Current CPI (Jun. 2026) = 128.0300.

Nos Sgps Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.011 101.122 2.546
201612 2.039 100.998 2.585
201703 2.101 101.924 2.639
201706 1.981 102.240 2.481
201709 2.048 102.527 2.557
201712 2.142 102.479 2.676
201803 2.197 102.626 2.741
201806 1.986 103.790 2.450
201809 2.068 103.960 2.547
201812 2.039 103.159 2.531
201903 2.123 103.495 2.626
201906 1.863 104.192 2.289
201909 1.958 103.844 2.414
201912 1.961 103.592 2.424
202003 1.939 103.544 2.398
202006 1.747 104.323 2.144
202009 1.831 103.699 2.261
202012 1.856 103.354 2.299
202103 1.916 104.014 2.358
202106 1.723 104.852 2.104
202109 1.818 105.232 2.212
202112 1.868 106.191 2.252
202203 1.954 109.559 2.283
202206 1.768 114.003 1.986
202209 2.000 114.999 2.227
202212 2.047 116.377 2.252
202303 2.105 117.701 2.290
202306 1.746 117.872 1.896
202309 1.837 119.111 1.975
202312 1.932 118.032 2.096
202403 2.062 120.396 2.193
202406 1.873 121.165 1.979
202409 1.965 121.574 2.069
202412 2.111 121.585 2.223
202503 2.219 122.624 2.317
202506 1.925 124.042 1.987
202509 2.055 124.490 2.113
202512 2.183 124.240 2.250
202603 2.309 125.940 2.347
202606 2.010 128.030 2.010

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 Nos Sgps (FRA:PMV) Overvalued in 2026?

Based on GuruFocus' analysis, Nos Sgps stock appears to be overvalued. The current stock price of €4.85 is trading 15% above its estimated GF Value™ of €4.22. GuruFocus considers Nos Sgps to be Modestly Overvalued.

Key valuation signals for FRA:PMV:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €4.22 vs. price of €4.85 (15% above fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the FRA:PMV 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.
83GF Score

Get the complete analysis for FRA:PMV

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

€4.85
Price
€4.22
GF Value