TIM (MEX:TIMB N) Cyclically Adjusted PB Ratio: 1.81 (As of Aug. 02, 2026) — 36% Above Median

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MEX:TIMB N TIM SA MEX:TIMB N
83 GF Score
Price MXN406.00
GF Value MXN439.01
! 2 Warning Signs
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What is TIM Cyclically Adjusted PB Ratio?

TIM MEX:TIMB N 83 Cyclically Adjusted PB Ratio is 1.81 as of Aug. 02, 2026, which is 36% above its 10-year median of 1.33. GuruFocus rates MEX:TIMB N with a GF Score™ of 83/100 and a GF Value™ of MXN439.01. The stock has 2 warning signs investors should review. Among 289 Telecommunication Services companies, TIM ranks better than 54.33% on this metric.

As of today (2026-08-02), TIM's current share price is MXN406.00. TIM's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN223.88. TIM's Cyclically Adjusted PB Ratio for today is 1.81.

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

MEX:TIMB N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 1.33   Max: 2.38
Current: 1.61

During the past years, TIM's highest Cyclically Adjusted PB Ratio was 2.38. The lowest was 0.60. And the median was 1.33.

MEX:TIMB N's Cyclically Adjusted PB Ratio is ranked better than
54.33% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.7 vs MEX:TIMB N: 1.61

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.

TIM's adjusted book value per share data for the three months ended in Jun. 2026 was MXN178.309. 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 MXN223.88 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TIM  (MEX:TIMB 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.


TIM Cyclically Adjusted PB Ratio Related Terms


TIM Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TIM'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.

TIM Cyclically Adjusted PB Ratio Chart

TIM 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 1.34 1.19 1.65 1.27 1.82

TIM 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 1.89 2.01 1.82 2.30 1.81

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

For the Telecom Services subindustry, TIM'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.


TIM Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


MEX:TIMB N
83GF Score
TIM SA MEX:TIMB N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TIM 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.

TIM's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=406.00/223.88
=1.81

* 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.

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

For example, TIM'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)
=178.309/177.5443*177.5443
=178.309

Current CPI (Jun. 2026) = 177.5443.

TIM Quarterly Data

Book Value per Share CPI Adj_Book
201609 208.345 109.986 336.319
201612 218.195 110.802 349.626
201703 215.396 111.869 341.849
201706 198.754 112.115 314.746
201709 213.338 112.777 335.856
201712 223.434 114.068 347.771
201803 209.836 114.868 324.330
201806 198.498 117.038 301.119
201809 183.763 117.881 276.770
201812 206.767 118.340 310.210
201903 207.828 120.124 307.173
201906 225.799 120.977 331.379
201909 218.445 121.292 319.754
201912 212.889 123.436 306.208
202003 223.915 124.092 320.367
202006 209.921 123.557 301.644
202009 196.443 125.095 278.807
202012 185.137 129.012 254.782
202103 175.795 131.660 237.060
202106 194.404 133.871 257.826
202109 198.279 137.913 255.258
202112 188.150 141.992 235.259
202203 209.427 146.537 253.742
202206 208.721 149.784 247.405
202209 200.434 147.800 240.771
202212 194.970 150.207 230.454
202303 180.233 153.352 208.665
202306 184.825 154.519 212.366
202309 0.000 155.464 0.000
202312 186.165 157.148 210.327
202403 172.300 159.372 191.946
202406 179.181 161.052 197.530
202409 190.805 162.342 208.672
202412 186.445 164.740 200.936
202503 179.538 168.102 189.623
202506 176.421 169.670 184.609
202509 179.304 170.739 186.451
202512 165.644 171.765 171.217
202603 176.260 175.066 178.756
202606 178.309 177.544 178.309

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 1.81 mean?
TIM (MEX:TIMB N) has a Cyclically Adjusted PB Ratio of 1.81 as of Aug. 02, 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 TIM and its competitors. This is 36% above median its historical median of 1.33. Over the past decade, TIM's Cyclically Adjusted PB Ratio has ranged from 0.60 to 2.38. According to the industry distribution chart, TIM ranks #132 out of 289 companies in the Telecommunication Services industry, placing it in the top 45.7%.
Is TIM's Cyclically Adjusted PB Ratio too high?
TIM's current Cyclically Adjusted PB Ratio of 1.81 is 36% above median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 2.38. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.70. TIM's value of 1.81 is 6.5% above this industry median. Based on the distribution chart, TIM ranks #132 out of 289 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, TIM has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does TIM's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, TIM ranks #132 out of 289 companies for Cyclically Adjusted PB Ratio. This puts TIM in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.70. TIM's value of 1.81 is 6.5% above this benchmark. Historically, TIM's own Cyclically Adjusted PB Ratio has ranged from 0.60 to 2.38 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 1.70, TIM 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 1.70, 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. TIM's current Cyclically Adjusted PB Ratio of 1.81 is 6.5% 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 TIM and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TIM's current Cyclically Adjusted PB Ratio is 1.81, which is 36% above median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TIM stock overvalued right now?
TIM (MEX:TIMB N) has a current Cyclically Adjusted PB Ratio of 1.81. The stock's GF Value™ is MXN439.01, compared to a current price of MXN406.00 — trading 7.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.81, which is 36% above median its 10-year median of 1.33 and 6.5% above the Telecommunication Services industry median of 1.70. TIM's overall GF Score™ is 83/100 with 2 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 TIM (MEX:TIMB N), the current Cyclically Adjusted PB Ratio is 1.81 as of Aug. 02, 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 TIM (MEX:TIMB N) Overvalued in 2026?

Based on GuruFocus' analysis, TIM stock appears to be undervalued. The current stock price of MXN406.00 is trading 7.5% below its estimated GF Value™ of MXN439.01.

Key valuation signals for MEX:TIMB N:

  • Cyclically Adjusted PB Ratio: 1.81 (36% above median its 10-year median of 1.33)
  • GF Value™: MXN439.01 vs. price of MXN406.00 (7.5% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 6.5% above the Telecommunication Services median (#132 of 289)

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


TIM Business Description

Address Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057
TIM, which is 67%-owned by Telecom Italia, is the third-largest wireless carrier in Brazil, with 62 million subscribers, equal to about 23% of the market. The firm owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 8 million locations, including 6.5 million with fiber, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand, but it has agreed to buy out its joint venture partner in 2026 and will take full ownership of these assets. TIM also resells fiber network access from other providers.
83GF Score

Get the complete analysis for MEX:TIMB N

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

MXN406.00
Price
MXN439.01
GF Value