Telia Lietuva AB (FRA:ZWS) Cyclically Adjusted PB Ratio: 3.38 (As of Jul. 21, 2026) — 16% Above Median

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FRA:ZWS Telia Lietuva AB FRA:ZWS
94 GF Score
Price €2.20
GF Value €1.79
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Telia Lietuva AB Cyclically Adjusted PB Ratio?

Telia Lietuva AB FRA:ZWS +0.46% 94 Cyclically Adjusted PB Ratio is 3.38 as of Jul. 21, 2026, which is 16% above its 10-year median of 2.91. GuruFocus rates FRA:ZWS with a GF Score™ of 94/100 and a GF Value™ of €1.79 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 289 Telecommunication Services companies, Telia Lietuva AB ranks worse than 74.05% on this metric.

As of today (2026-07-21), Telia Lietuva AB's current share price is €2.20. Telia Lietuva AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.65. Telia Lietuva AB's Cyclically Adjusted PB Ratio for today is 3.38.

The historical rank and industry rank for Telia Lietuva AB's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:ZWS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.42   Med: 2.91   Max: 4.33
Current: 3.36

During the past years, Telia Lietuva AB's highest Cyclically Adjusted PB Ratio was 4.33. The lowest was 2.42. And the median was 2.91.

FRA:ZWS's Cyclically Adjusted PB Ratio is ranked worse than
74.05% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs FRA:ZWS: 3.36

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.

Telia Lietuva AB's adjusted book value per share data for the three months ended in Jun. 2026 was €0.639. 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 €0.65 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telia Lietuva AB  (FRA:ZWS) 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.


Telia Lietuva AB Cyclically Adjusted PB Ratio Related Terms


Telia Lietuva AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Telia Lietuva AB'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.

Telia Lietuva AB Cyclically Adjusted PB Ratio Chart

Telia Lietuva AB 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 3.88 3.51 2.81 2.53 2.91

Telia Lietuva AB 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 2.54 2.64 2.91 3.11 3.23

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

For the Telecom Services subindustry, Telia Lietuva AB'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.


Telia Lietuva AB Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

* The bar in red indicates where Telia Lietuva AB's Cyclically Adjusted PB Ratio falls into.


FRA:ZWS
94GF Score
Telia Lietuva AB FRA:ZWS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telia Lietuva AB 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.

Telia Lietuva AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.20/0.65
=3.38

* 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.

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

For example, Telia Lietuva AB'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)
=0.639/333.9520*333.9520
=0.639

Current CPI (Jun. 2026) = 333.9520.

Telia Lietuva AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.452 241.428 0.625
201612 0.469 241.432 0.649
201703 0.481 243.801 0.659
201706 0.472 244.955 0.643
201709 0.497 246.819 0.672
201712 0.525 246.524 0.711
201803 0.546 249.554 0.731
201806 0.499 251.989 0.661
201809 0.526 252.439 0.696
201812 0.549 251.233 0.730
201903 0.569 254.202 0.748
201906 0.511 256.143 0.666
201909 0.534 256.759 0.695
201912 0.563 256.974 0.732
202003 0.585 258.115 0.757
202006 0.514 257.797 0.666
202009 0.540 260.280 0.693
202012 0.569 260.474 0.730
202103 0.591 264.877 0.745
202106 0.513 271.696 0.631
202109 0.540 274.310 0.657
202112 0.567 278.802 0.679
202203 0.587 287.504 0.682
202206 0.512 296.311 0.577
202209 0.538 296.808 0.605
202212 0.563 296.797 0.633
202303 0.591 301.836 0.654
202306 0.558 305.109 0.611
202309 0.590 307.789 0.640
202312 0.612 306.746 0.666
202403 0.644 312.332 0.689
202406 0.585 314.175 0.622
202409 0.615 315.301 0.651
202412 0.645 315.605 0.682
202503 0.684 319.799 0.714
202506 0.612 322.561 0.634
202509 0.652 324.800 0.670
202512 0.690 324.054 0.711
202603 0.733 330.213 0.741
202606 0.639 333.952 0.639

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 3.38 mean?
Telia Lietuva AB (FRA:ZWS) has a Cyclically Adjusted PB Ratio of 3.38 as of Jul. 21, 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 Telia Lietuva AB and its competitors. This is 16% above median its historical median of 2.91. Over the past decade, Telia Lietuva AB's Cyclically Adjusted PB Ratio has ranged from 2.42 to 4.33. According to the industry distribution chart, Telia Lietuva AB ranks #214 out of 289 companies in the Telecommunication Services industry, placing it in the top 74%.
Is Telia Lietuva AB's Cyclically Adjusted PB Ratio too high?
Telia Lietuva AB's current Cyclically Adjusted PB Ratio of 3.38 is 16% above median its 10-year median of 2.91. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 4.33. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. Telia Lietuva AB's value of 3.38 is 88.8% above this industry median. Based on the distribution chart, Telia Lietuva AB ranks #214 out of 289 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telia Lietuva AB has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telia Lietuva AB's Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telia Lietuva AB ranks #214 out of 289 companies for Cyclically Adjusted PB Ratio. This places Telia Lietuva AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Telia Lietuva AB's value of 3.38 is 88.8% above this benchmark. Historically, Telia Lietuva AB's own Cyclically Adjusted PB Ratio has ranged from 2.42 to 4.33 over the past decade. While the company's 10-year median is 2.91 vs. the industry median of 1.79, Telia Lietuva AB 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 289 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. Telia Lietuva AB's current Cyclically Adjusted PB Ratio of 3.38 is 88.8% 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 Telia Lietuva AB 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. Telia Lietuva AB's current Cyclically Adjusted PB Ratio is 3.38, which is 16% above median its own 10-year median of 2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telia Lietuva AB stock overvalued right now?
Based on GuruFocus' analysis, Telia Lietuva AB (FRA:ZWS) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.79, compared to a current price of €2.20 — trading 22.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.38, which is 16% above median its 10-year median of 2.91 and 88.8% above the Telecommunication Services industry median of 1.79. Telia Lietuva AB's overall GF Score™ is 94/100 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 Telia Lietuva AB (FRA:ZWS), the current Cyclically Adjusted PB Ratio is 3.38 as of Jul. 21, 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 Telia Lietuva AB (FRA:ZWS) Overvalued in 2026?

Based on GuruFocus' analysis, Telia Lietuva AB stock appears to be overvalued. The current stock price of €2.20 is trading 22.9% above its estimated GF Value™ of €1.79. GuruFocus considers Telia Lietuva AB to be Modestly Overvalued.

Key valuation signals for FRA:ZWS:

  • Cyclically Adjusted PB Ratio: 3.38 (16% above median its 10-year median of 2.91)
  • GF Value™: €1.79 vs. price of €2.20 (22.9% above fair value)
  • GF Score™: 94/100 with 4 warning signs
  • Industry Position: 88.8% above the Telecommunication Services median (#214 of 289)

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


Telia Lietuva AB Business Description

Other Exchanges TEL1L:Lithuania
Address Saltoniskiu Street 7A, Vilnius, LTU, 08126
Telia Lietuva AB provides telecommunications, TV, and IT services to business and residential customers in the Republic of Lithuania. The company offers mobile connections, internet services, e-sims, television and OTT subscriptions, network and computer equipment, enterprise internet services, etc. Its operating segments are: Business customer segment (B2B), Private customer segment (B2C), and Other. Maximum revenue is generated from the B2C segment, which is responsible for service and customer care for private customers. The B2B segment is responsible for services sales and customer care for business customers and operators, including retail and wholesale telecommunication and IT services; and the Other segment includes the technology division and support units' financial performance.
94GF Score

Get the complete analysis for FRA:ZWS

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

€2.20
Price
€1.79
GF Value