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Vodacom Group (JSE:VOD) Cyclically Adjusted PB Ratio : 2.47 (As of Sep. 20, 2024)


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What is Vodacom Group Cyclically Adjusted PB Ratio?

As of today (2024-09-20), Vodacom Group's current share price is R111.36. Vodacom Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was R45.14. Vodacom Group's Cyclically Adjusted PB Ratio for today is 2.47.

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

JSE:VOD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.95   Med: 5.22   Max: 11.99
Current: 2.48

During the past 13 years, Vodacom Group's highest Cyclically Adjusted PB Ratio was 11.99. The lowest was 1.95. And the median was 5.22.

JSE:VOD's Cyclically Adjusted PB Ratio is ranked worse than
68.75% of 272 companies
in the Telecommunication Services industry
Industry Median: 1.475 vs JSE:VOD: 2.48

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.

Vodacom Group's adjusted book value per share data of for the fiscal year that ended in Mar24 was R47.929. 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 R45.14 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vodacom Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vodacom Group'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.

* Premium members only.

Vodacom Group Cyclically Adjusted PB Ratio Chart

Vodacom Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.23 4.01 4.44 2.99 2.18

Vodacom Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 4.44 - 2.99 - 2.18

Competitive Comparison of Vodacom Group's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Vodacom Group'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.


Vodacom Group's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

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



Vodacom Group 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.

Vodacom Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=111.36/45.14
=2.47

* 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.

Vodacom Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Vodacom Group's adjusted Book Value per Share data for the fiscal year that ended in Mar24 was:

Adj_Book=Book Value per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=47.929/155.4180*155.4180
=47.929

Current CPI (Mar24) = 155.4180.

Vodacom Group Annual Data

Book Value per Share CPI Adj_Book
201503 14.827 98.538 23.386
201603 16.472 104.969 24.389
201703 16.402 111.400 22.883
201803 37.920 115.542 51.007
201903 45.895 120.774 59.060
202003 54.019 125.679 66.801
202103 46.841 129.628 56.160
202203 46.912 137.594 52.989
202303 44.406 147.586 46.762
202403 47.929 155.418 47.929

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.


Vodacom Group  (JSE:VOD) 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.


Vodacom Group Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Vodacom Group's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Vodacom Group Business Description

Traded in Other Exchanges
Address
082 Vodacom Boulevard, Vodacom Corporate Park, Midrand, Johannesburg, GT, ZAF, 1685
Vodacom Group Ltd is a telecommunications provider. The company provides fixed-line, broadband, and mobile services. It earns revenue through two main segments: South Africa and international. International includes regions such as Tanzania, Democratic Republic of Congo, Mozambique, and Lesotho; the majority of revenue is sourced from South Africa. Vodacom also has an enterprise service product, whereby telecommunications and managed services are offered to enterprises. The company owns mobile infrastructure.

Vodacom Group Headlines

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