ICABF (i-CABLE Communications) Cyclically Adjusted PB Ratio: (As of Jul. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is i-CABLE Communications Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


i-CABLE Communications  (OTCPK:ICABF) 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.


i-CABLE Communications Cyclically Adjusted PB Ratio Related Terms


i-CABLE Communications Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for i-CABLE Communications'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.

i-CABLE Communications Cyclically Adjusted PB Ratio Chart

i-CABLE Communications 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 0.32 0.23 0.33 0.75 0.00

i-CABLE Communications Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.33 0.00 0.75 0.00 0.00

ICABF vs TMUS, VZ, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, i-CABLE Communications'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.


i-CABLE Communications Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, i-CABLE Communications's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where i-CABLE Communications's Cyclically Adjusted PB Ratio falls into.



i-CABLE Communications 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.

i-CABLE Communications's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, i-CABLE Communications's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=-0.043/120.7036*120.7036
=-0.043

Current CPI (Dec25) = 120.7036.

i-CABLE Communications Annual Data

Book Value per Share CPI Adj_Book
201612 0.020 103.225 0.023
201712 0.023 104.984 0.026
201812 0.014 107.622 0.016
201912 0.011 110.700 0.012
202012 0.007 109.711 0.008
202112 0.003 112.349 0.003
202212 -0.013 114.548 -0.014
202312 -0.024 117.296 -0.025
202412 -0.034 118.945 -0.035
202512 -0.043 120.704 -0.043

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.


i-CABLE Communications Business Description

Address 9 Hoi Shing Road, 7th Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG
i-CABLE Communications Ltd is an investment holding company. Along with its subsidiaries, it operates in two business segments; the Media segment includes operations related to the domestic free television programme service, advertising, television relay service, programme licensing, theatrical release and other media related businesses; and the Telecommunications segment includes operations related to broadband internet access services, portal operation, telephony services, network leasing, network construction, mobile service and mobile agency service as well as other telecommunications related businesses. A majority of its revenue is generated from the Telecommunications segment. Geographically, the group mainly operates and generates almost all of its revenue from Hong Kong.