Telia Lietuva AB (FRA:ZWS) Cyclically Adjusted PB Ratio: (As of Jul. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:ZWS Telia Lietuva AB FRA:ZWS
94 GF Score
Price €2.19
GF Value €1.78
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Telia Lietuva AB Cyclically Adjusted PB Ratio?

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 0.00

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 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.

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 €2.19 is trading 23% above its estimated GF Value™ of €1.78. GuruFocus considers Telia Lietuva AB to be Modestly Overvalued.

Key valuation signals for FRA:ZWS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.78 vs. price of €2.19 (23% above fair value)
  • GF Score™: 94/100 with 3 warning signs

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.

€2.19
Price
€1.78
GF Value