Pakistan Telecommunication Co (KAR:PTC) Cyclically Adjusted PB Ratio: 3.94 (As of Jul. 23, 2026) — 604% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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.

KAR:PTC Pakistan Telecommunication Co Ltd KAR:PTC
50 GF Score
Price ₨69.86
GF Value ₨26.05
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Pakistan Telecommunication Co Cyclically Adjusted PB Ratio?

Pakistan Telecommunication Co KAR:PTC -0.95% 50 Cyclically Adjusted PB Ratio is 3.94 as of Jul. 23, 2026, which is 604% above its 10-year median of 0.56. GuruFocus rates KAR:PTC with a GF Score™ of 50/100 and a GF Value™ of ₨26.05 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 289 Telecommunication Services companies, Pakistan Telecommunication Co ranks worse than 81.31% on this metric.

As of today (2026-07-23), Pakistan Telecommunication Co's current share price is ₨69.86. Pakistan Telecommunication Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨17.75. Pakistan Telecommunication Co's Cyclically Adjusted PB Ratio for today is 3.94.

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

KAR:PTC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.56   Max: 4.17
Current: 3.99

During the past years, Pakistan Telecommunication Co's highest Cyclically Adjusted PB Ratio was 4.17. The lowest was 0.26. And the median was 0.56.

KAR:PTC's Cyclically Adjusted PB Ratio is ranked worse than
81.31% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs KAR:PTC: 3.99

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.

Pakistan Telecommunication Co's adjusted book value per share data for the three months ended in Mar. 2026 was ₨7.702. 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 ₨17.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pakistan Telecommunication Co  (KAR:PTC) 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.


Pakistan Telecommunication Co Cyclically Adjusted PB Ratio Related Terms


Pakistan Telecommunication Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pakistan Telecommunication 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.

Pakistan Telecommunication Co Cyclically Adjusted PB Ratio Chart

Pakistan Telecommunication 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 0.40 0.28 0.58 1.41 3.32

Pakistan Telecommunication Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.22 1.36 1.54 3.32 2.71

KAR:PTC vs TMUS, VZ, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Pakistan Telecommunication 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.


Pakistan Telecommunication Co Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


KAR:PTC
50GF Score
Pakistan Telecommunication Co Ltd KAR:PTC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pakistan Telecommunication 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.

Pakistan Telecommunication Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=69.86/17.75
=3.94

* 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.

Pakistan Telecommunication Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pakistan Telecommunication Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.702/330.2130*330.2130
=7.702

Current CPI (Mar. 2026) = 330.2130.

Pakistan Telecommunication Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.547 241.018 25.411
201609 17.718 241.428 24.234
201612 17.292 241.432 23.651
201703 17.525 243.801 23.737
201706 17.064 244.955 23.003
201709 17.354 246.819 23.217
201712 16.961 246.524 22.719
201803 17.161 249.554 22.708
201806 17.380 251.989 22.775
201809 16.734 252.439 21.890
201812 16.321 251.233 21.452
201903 16.713 254.202 21.710
201906 16.115 256.143 20.775
201909 16.181 256.759 20.810
201912 16.360 256.974 21.023
202003 16.282 258.115 20.830
202006 15.869 257.797 20.327
202009 16.169 260.280 20.513
202012 17.058 260.474 21.625
202103 17.145 264.877 21.374
202106 17.412 271.696 21.162
202109 17.543 274.310 21.118
202112 17.275 278.802 20.461
202203 16.885 287.504 19.393
202206 16.598 296.311 18.497
202209 16.097 296.808 17.909
202212 14.498 296.797 16.130
202303 13.979 301.836 15.293
202306 13.435 305.109 14.540
202309 12.832 307.789 13.767
202312 11.233 306.746 12.092
202403 10.460 312.332 11.059
202406 9.648 314.175 10.141
202409 8.423 315.301 8.821
202412 7.111 315.605 7.440
202503 6.262 319.799 6.466
202506 8.404 322.561 8.603
202509 8.145 324.800 8.281
202512 7.229 324.054 7.366
202603 7.702 330.213 7.702

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 3.94 mean?
Pakistan Telecommunication Co (KAR:PTC) has a Cyclically Adjusted PB Ratio of 3.94 as of Jul. 23, 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 Pakistan Telecommunication Co and its competitors. This is 604% above median its historical median of 0.56. Over the past decade, Pakistan Telecommunication Co's Cyclically Adjusted PB Ratio has ranged from 0.26 to 4.17. According to the industry distribution chart, Pakistan Telecommunication Co ranks #235 out of 289 companies in the Telecommunication Services industry, placing it in the top 81.3%.
Is Pakistan Telecommunication Co's Cyclically Adjusted PB Ratio too high?
Pakistan Telecommunication Co's current Cyclically Adjusted PB Ratio of 3.94 is 604% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 4.17. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. Pakistan Telecommunication Co's value of 3.94 is 120.1% above this industry median. Based on the distribution chart, Pakistan Telecommunication Co ranks #235 out of 289 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Pakistan Telecommunication Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan Telecommunication Co's Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Pakistan Telecommunication Co ranks #235 out of 289 companies for Cyclically Adjusted PB Ratio. This places Pakistan Telecommunication Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Pakistan Telecommunication Co's value of 3.94 is 120.1% above this benchmark. Historically, Pakistan Telecommunication Co's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 4.17 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 1.79, Pakistan Telecommunication Co 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. Pakistan Telecommunication Co's current Cyclically Adjusted PB Ratio of 3.94 is 120.1% 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 Pakistan Telecommunication Co 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. Pakistan Telecommunication Co's current Cyclically Adjusted PB Ratio is 3.94, which is 604% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan Telecommunication Co stock overvalued right now?
Based on GuruFocus' analysis, Pakistan Telecommunication Co (KAR:PTC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨26.05, compared to a current price of ₨69.86 — trading 168.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.94, which is 604% above median its 10-year median of 0.56 and 120.1% above the Telecommunication Services industry median of 1.79. Pakistan Telecommunication Co's overall GF Score™ is 50/100 with 10 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 Pakistan Telecommunication Co (KAR:PTC), the current Cyclically Adjusted PB Ratio is 3.94 as of Jul. 23, 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 Pakistan Telecommunication Co (KAR:PTC) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan Telecommunication Co stock appears to be overvalued. The current stock price of ₨69.86 is trading 168.2% above its estimated GF Value™ of ₨26.05. GuruFocus considers Pakistan Telecommunication Co to be Significantly Overvalued.

Key valuation signals for KAR:PTC:

  • Cyclically Adjusted PB Ratio: 3.94 (604% above median its 10-year median of 0.56)
  • GF Value™: ₨26.05 vs. price of ₨69.86 (168.2% above fair value)
  • GF Score™: 50/100 with 10 warning signs
  • Industry Position: 120.1% above the Telecommunication Services median (#235 of 289)

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


Pakistan Telecommunication Co Business Description

Address Ufone Tower, Plot No 55-C, Jinnah Avenue, Blue Area, Islamabad, PAK
Pakistan Telecommunication Co Ltd is a telecom company. It is mainly engaged in providing telecommunication services such as Data, Voice, IPTV, Connectivity services, Interconnect, Information and communication technology (ICT), digital solutions and equipment sales, messaging services, sales of mobile devices etc. The company operates in three operating segments i.e. fixed-line communications (Wireline) which generates key revenue, wireless communications (Wireless), and banking.
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Get the complete analysis for KAR:PTC

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

₨69.86
Price
₨26.05
GF Value