SK Telecom Co (MEX:SKM N) Cyclically Adjusted PB Ratio: 0.95 (As of Aug. 24, 2026) — 34% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

MEX:SKM N SK Telecom Co Ltd MEX:SKM N
63 GF Score
Price MXN658.00
GF Value MXN403.31
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is SK Telecom Co Cyclically Adjusted PB Ratio?

SK Telecom Co MEX:SKM N 63 Cyclically Adjusted PB Ratio is 0.95 as of Aug. 24, 2026, which is 34% above its 10-year median of 0.71. GuruFocus rates MEX:SKM N with a GF Score™ of 63/100 and a GF Value™ of MXN403.31 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 287 Telecommunication Services companies, SK Telecom Co ranks better than 65.85% on this metric.

As of today (2026-08-24), SK Telecom Co's current share price is MXN658.00. SK Telecom Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN689.34. SK Telecom Co's Cyclically Adjusted PB Ratio for today is 0.95.

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

MEX:SKM N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.71   Max: 1.19
Current: 1.14

During the past years, SK Telecom Co's highest Cyclically Adjusted PB Ratio was 1.19. The lowest was 0.48. And the median was 0.71.

MEX:SKM N's Cyclically Adjusted PB Ratio is ranked better than
65.85% of 287 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs MEX:SKM N: 1.14

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.

SK Telecom Co's adjusted book value per share data for the three months ended in Jun. 2026 was MXN458.754. 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 MXN689.34 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SK Telecom Co  (MEX:SKM N) 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.


SK Telecom Co Cyclically Adjusted PB Ratio Related Terms


SK Telecom Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SK Telecom 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.

SK Telecom Co Cyclically Adjusted PB Ratio Chart

SK Telecom 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 0.67 0.53 0.56 0.62 0.60

SK Telecom Co 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 0.63 0.61 0.60 0.86 0.99

MEX:SKM N vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, SK Telecom 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.


SK Telecom Co Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


MEX:SKM N
63GF Score
SK Telecom Co Ltd MEX:SKM N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SK Telecom 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.

SK Telecom Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=658.00/689.34
=0.95

* 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.

SK Telecom Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, SK Telecom Co'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)
=458.754/126.4904*126.4904
=458.754

Current CPI (Jun. 2026) = 126.4904.

SK Telecom Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 694.339 101.461 865.624
201612 720.396 101.561 897.223
201703 679.433 102.851 835.598
201706 685.686 102.611 845.255
201709 719.756 103.491 879.716
201712 837.535 102.991 1,028.637
201803 869.803 104.101 1,056.877
201806 962.239 104.130 1,168.862
201809 946.497 105.651 1,133.197
201812 999.590 104.351 1,211.669
201903 969.524 104.491 1,173.647
201906 937.494 104.881 1,130.654
201909 956.378 105.200 1,149.927
201912 920.749 105.121 1,107.919
202003 1,091.508 105.354 1,310.487
202006 1,122.884 105.112 1,351.266
202009 1,123.714 106.198 1,338.439
202012 1,106.414 105.765 1,323.219
202103 1,109.970 107.357 1,307.789
202106 1,161.423 107.579 1,365.596
202109 1,182.783 108.759 1,375.614
202112 511.792 109.676 590.253
202203 477.719 111.848 540.259
202206 455.346 114.072 504.916
202209 421.881 114.715 465.186
202212 434.222 115.179 476.865
202303 404.020 116.507 438.639
202306 388.942 117.182 419.837
202309 386.692 118.964 411.158
202312 386.718 118.837 411.623
202403 378.789 120.123 398.867
202406 407.963 120.007 430.002
202409 452.992 120.861 474.090
202412 441.716 121.135 461.244
202503 432.261 122.590 446.014
202506 426.127 122.611 439.609
202509 401.600 123.402 411.652
202512 411.872 123.939 420.350
202603 418.786 125.236 422.981
202606 458.754 126.490 458.754

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 0.95 mean?
SK Telecom Co (MEX:SKM N) has a Cyclically Adjusted PB Ratio of 0.95 as of Aug. 24, 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 SK Telecom Co and its competitors. This is 34% above median its historical median of 0.71. Over the past decade, SK Telecom Co's Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.19. According to the industry distribution chart, SK Telecom Co ranks #98 out of 287 companies in the Telecommunication Services industry, placing it in the top 34.1%.
Is SK Telecom Co's Cyclically Adjusted PB Ratio too high?
SK Telecom Co's current Cyclically Adjusted PB Ratio of 0.95 is 34% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.19. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. SK Telecom Co's value of 0.95 is 46.9% below this industry median. Based on the distribution chart, SK Telecom Co ranks #98 out of 287 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, SK Telecom Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SK Telecom Co's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, SK Telecom Co ranks #98 out of 287 companies for Cyclically Adjusted PB Ratio. This puts SK Telecom Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. SK Telecom Co's value of 0.95 is 46.9% below this benchmark. Historically, SK Telecom Co's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.19 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.79, SK Telecom Co has consistently been below 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 287 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. SK Telecom Co's current Cyclically Adjusted PB Ratio of 0.95 is 46.9% below 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 SK Telecom 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. SK Telecom Co's current Cyclically Adjusted PB Ratio is 0.95, which is 34% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SK Telecom Co stock overvalued right now?
Based on GuruFocus' analysis, SK Telecom Co (MEX:SKM N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN403.31, compared to a current price of MXN658.00 — trading 63.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.95, which is 34% above median its 10-year median of 0.71 and 46.9% below the Telecommunication Services industry median of 1.79. SK Telecom Co's overall GF Score™ is 63/100 with 7 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 SK Telecom Co (MEX:SKM N), the current Cyclically Adjusted PB Ratio is 0.95 as of Aug. 24, 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 SK Telecom Co (MEX:SKM N) Overvalued in 2026?

Based on GuruFocus' analysis, SK Telecom Co stock appears to be overvalued. The current stock price of MXN658.00 is trading 63.1% above its estimated GF Value™ of MXN403.31. GuruFocus considers SK Telecom Co to be Significantly Overvalued.

Key valuation signals for MEX:SKM N:

  • Cyclically Adjusted PB Ratio: 0.95 (34% above median its 10-year median of 0.71)
  • GF Value™: MXN403.31 vs. price of MXN658.00 (63.1% above fair value)
  • GF Score™: 63/100 with 7 warning signs
  • Industry Position: 46.9% below the Telecommunication Services median (#98 of 287)

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


SK Telecom Co Business Description

Address SK T-Tower, 65, Eulji-ro, Jung-gu, Seoul, KOR, 04539
SK Telecom is South Korea's largest wireless telecom operator, with 32 million mobile customers. The firm also owns SK Broadband (formerly Hanaro Telecom), which has 7.2 million broadband customers and 9.5 million pay TV customers (6.7 million IPTV and 2.8 million Cable TV). While the firm also purchased stakes in businesses in security and semiconductor memory production, as well as developing e-commerce and internet platform businesses, these were all spun off into the separate SK Square business in November 2021. The company was formed after SK Group purchased KT's mobile business in 1994.
63GF Score

Get the complete analysis for MEX:SKM N

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

MXN658.00
Price
MXN403.31
GF Value