Telekom Slovenije (FRA:Q90) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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:Q90 Telekom Slovenije FRA:Q90
51 GF Score
Price €148.00
GF Value €91.48
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Telekom Slovenije Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Telekom Slovenije  (FRA:Q90) 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.


Telekom Slovenije Cyclically Adjusted PB Ratio Related Terms


Telekom Slovenije Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Telekom Slovenije'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.

Telekom Slovenije Cyclically Adjusted PB Ratio Chart

Telekom Slovenije 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 - - - - 0.77

Telekom Slovenije 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 0.75 0.78 0.76 0.92 1.18

FRA:Q90 vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Telekom Slovenije'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.


Telekom Slovenije Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


FRA:Q90
51GF Score
Telekom Slovenije FRA:Q90
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telekom Slovenije 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.

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

For example, Telekom Slovenije'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)
=114.071/333.9520*333.9520
=114.071

Current CPI (Jun. 2026) = 333.9520.

Telekom Slovenije Quarterly Data

Book Value per Share CPI Adj_Book
201609 107.056 241.428 148.084
201612 108.503 241.432 150.083
201703 109.868 243.801 150.494
201706 107.101 244.955 146.013
201709 107.975 246.819 146.093
201712 104.660 246.524 141.777
201803 105.891 249.554 141.703
201806 92.323 251.989 122.352
201809 93.706 252.439 123.964
201812 95.247 251.233 126.607
201903 96.790 254.202 127.156
201906 98.219 256.143 128.055
201909 95.217 256.759 123.843
201912 90.783 256.974 117.978
202003 92.508 258.115 119.688
202006 89.572 257.797 116.032
202009 91.504 260.280 117.404
202012 90.767 260.474 116.372
202103 92.293 264.877 116.361
202106 89.598 271.696 110.128
202109 91.859 274.310 111.831
202112 92.296 278.802 110.553
202203 94.207 287.504 109.427
202206 91.426 296.311 103.040
202209 93.800 296.808 105.539
202212 94.124 296.797 105.907
202303 95.410 301.836 105.562
202306 97.762 305.109 107.004
202309 100.226 307.789 108.746
202312 101.350 306.746 110.339
202403 96.904 312.332 103.612
202406 99.703 314.175 105.979
202409 102.082 315.301 108.120
202412 103.552 315.605 109.572
202503 105.861 319.799 110.546
202506 104.220 322.561 107.900
202509 107.120 324.800 110.138
202512 109.079 324.054 112.411
202603 111.715 330.213 112.980
202606 114.071 333.952 114.071

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 Telekom Slovenije (FRA:Q90) Overvalued in 2026?

Based on GuruFocus' analysis, Telekom Slovenije stock appears to be overvalued. The current stock price of €148.00 is trading 61.8% above its estimated GF Value™ of €91.48. GuruFocus considers Telekom Slovenije to be Significantly Overvalued.

Key valuation signals for FRA:Q90:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €91.48 vs. price of €148.00 (61.8% above fair value)
  • GF Score™: 51/100 with 6 warning signs

No single metric tells the full story. See the FRA:Q90 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telekom Slovenije Business Description

Other Exchanges TLSG:Slovenia
Address Cigaletova ulica 15, Ljubljana, SVN, 1000
Telekom Slovenije is a telecommunications operator engaged in the provision of comprehensive communications services and products. It offers services such as fixed and mobile communication services, digital and TV content and services, multimedia services and digital advertising, construction and maintenance of telecommunication networks, and other services. The company operates in the geographic segments of Slovenia and other countries, of which key revenue is derived from the operations carried out in Slovenia. It has a business presence in Kosovo, Bosnia and Herzegovina, Croatia, Serbia, and other countries.
51GF Score

Get the complete analysis for FRA:Q90

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

€148.00
Price
€91.48
GF Value