Shenandoah Telecommunications Co (FRA:SH9) Cyclically Adjusted PB Ratio: 0.93 (As of Aug. 12, 2026) — 77% Below Median

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FRA:SH9 Shenandoah Telecommunications Co FRA:SH9
67 GF Score
Price €11.60
GF Value €13.39
! 4 Warning Signs
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What is Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio?

Shenandoah Telecommunications Co FRA:SH9 +0.87% 67 Cyclically Adjusted PB Ratio is 0.93 as of Aug. 12, 2026, which is 77% below its 10-year median of 3.98. GuruFocus rates FRA:SH9 with a GF Score™ of 67/100 and a GF Value™ of €13.39. The stock has 4 warning signs investors should review. Among 290 Telecommunication Services companies, Shenandoah Telecommunications Co ranks better than 68.97% on this metric.

As of today (2026-08-12), Shenandoah Telecommunications Co's current share price is €11.60. Shenandoah Telecommunications Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €12.42. Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio for today is 0.93.

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

FRA:SH9' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 3.98   Max: 8.97
Current: 0.97

During the past years, Shenandoah Telecommunications Co's highest Cyclically Adjusted PB Ratio was 8.97. The lowest was 0.80. And the median was 3.98.

FRA:SH9's Cyclically Adjusted PB Ratio is ranked better than
68.97% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.77 vs FRA:SH9: 0.97

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.

Shenandoah Telecommunications Co's adjusted book value per share data for the three months ended in Jun. 2026 was €13.482. 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 €12.42 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shenandoah Telecommunications Co  (FRA:SH9) 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.


Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio Related Terms


Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shenandoah Telecommunications Co'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.

Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio Chart

Shenandoah Telecommunications Co 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 3.08 1.66 2.05 1.06 0.89

Shenandoah Telecommunications Co 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 1.09 1.04 0.89 1.15 1.09

FRA:SH9 vs CCOI, GOGO, GLIBA: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Shenandoah Telecommunications Co'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.


Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

* The bar in red indicates where Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio falls into.


FRA:SH9
67GF Score
Shenandoah Telecommunications Co FRA:SH9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenandoah Telecommunications Co 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.

Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.60/12.42
=0.93

* 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.

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

For example, Shenandoah Telecommunications Co'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)
=13.482/333.9520*333.9520
=13.482

Current CPI (Jun. 2026) = 333.9520.

Shenandoah Telecommunications Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.434 241.428 7.517
201612 5.732 241.432 7.929
201703 5.702 243.801 7.810
201706 5.411 244.955 7.377
201709 5.098 246.819 6.898
201712 5.999 246.524 8.127
201803 6.686 249.554 8.947
201806 7.223 251.989 9.572
201809 7.695 252.439 10.180
201812 7.833 251.233 10.412
201903 8.036 254.202 10.557
201906 8.202 256.143 10.694
201909 8.666 256.759 11.271
201912 8.560 256.974 11.124
202003 8.727 258.115 11.291
202006 9.110 257.797 11.801
202009 9.336 260.280 11.979
202012 9.512 260.474 12.195
202103 10.663 264.877 13.444
202106 11.429 271.696 14.048
202109 11.037 274.310 13.437
202112 11.376 278.802 13.626
202203 11.690 287.504 13.579
202206 12.154 296.311 13.698
202209 12.953 296.808 14.574
202212 12.019 296.797 13.524
202303 11.948 301.836 13.219
202306 11.925 305.109 13.052
202309 12.198 307.789 13.235
202312 11.905 306.746 12.961
202403 15.896 312.332 16.996
202406 15.884 314.175 16.884
202409 15.278 315.301 16.182
202412 16.065 315.605 16.999
202503 15.353 319.799 16.032
202506 14.245 322.561 14.748
202509 13.854 324.800 14.244
202512 13.701 324.054 14.119
202603 13.560 330.213 13.714
202606 13.482 333.952 13.482

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 0.93 mean?
Shenandoah Telecommunications Co (FRA:SH9) has a Cyclically Adjusted PB Ratio of 0.93 as of Aug. 12, 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 Shenandoah Telecommunications Co and its competitors. This is 77% below median its historical median of 3.98. Over the past decade, Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio has ranged from 0.80 to 8.97. According to the industry distribution chart, Shenandoah Telecommunications Co ranks #90 out of 290 companies in the Telecommunication Services industry, placing it in the top 31%.
Is Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio too high?
Shenandoah Telecommunications Co's current Cyclically Adjusted PB Ratio of 0.93 is 77% below median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 8.97. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.77. Shenandoah Telecommunications Co's value of 0.93 is 47.5% below this industry median. Based on the distribution chart, Shenandoah Telecommunications Co ranks #90 out of 290 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Shenandoah Telecommunications Co has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio compare to CCOI and GOGO?
According to the Telecommunication Services industry distribution chart, Shenandoah Telecommunications Co ranks #90 out of 290 companies for Cyclically Adjusted PB Ratio. This puts Shenandoah Telecommunications Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.77. Shenandoah Telecommunications Co's value of 0.93 is 47.5% below this benchmark. Historically, Shenandoah Telecommunications Co's own Cyclically Adjusted PB Ratio has ranged from 0.80 to 8.97 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 1.77, Shenandoah Telecommunications Co has consistently been below 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. Shenandoah Telecommunications Co's current Cyclically Adjusted PB Ratio of 0.93 is 47.5% below 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 Shenandoah Telecommunications Co 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. Shenandoah Telecommunications Co's current Cyclically Adjusted PB Ratio is 0.93, which is 77% below median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenandoah Telecommunications Co stock overvalued right now?
Shenandoah Telecommunications Co (FRA:SH9) has a current Cyclically Adjusted PB Ratio of 0.93. The stock's GF Value™ is €13.39, compared to a current price of €11.60 — trading 13.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 77% below median its 10-year median of 3.98 and 47.5% below the Telecommunication Services industry median of 1.77. Shenandoah Telecommunications Co's overall GF Score™ is 67/100 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 Shenandoah Telecommunications Co (FRA:SH9), the current Cyclically Adjusted PB Ratio is 0.93 as of Aug. 12, 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 Shenandoah Telecommunications Co (FRA:SH9) Overvalued in 2026?

Based on GuruFocus' analysis, Shenandoah Telecommunications Co stock appears to be undervalued. The current stock price of €11.60 is trading 13.4% below its estimated GF Value™ of €13.39.

Key valuation signals for FRA:SH9:

  • Cyclically Adjusted PB Ratio: 0.93 (77% below median its 10-year median of 3.98)
  • GF Value™: €13.39 vs. price of €11.60 (13.4% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 47.5% below the Telecommunication Services median (#90 of 290)

No single metric tells the full story. See the FRA:SH9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shenandoah Telecommunications Co Business Description

Other Exchanges SHEN:USA
Address 500 Shentel Way, Edinburg, VA, USA, 22824
Shenandoah Telecommunications Co with its subsidiaries, provides various broadband communication products and services via its wireless, cable, fiber optic, and fixed wireless networks to customers in the Mid-Atlantic United States. The company operates through one business unit: Broadband. The broadband segment provides broadband Internet, video, and voice services to residential and commercial customers. The broadband segment generates the vast majority of the company's revenue, with the bulk of sales flowing from residential and small, and medium businesses within the broadband unit.
67GF Score

Get the complete analysis for FRA:SH9

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

€11.60
Price
€13.39
GF Value