T-Mobile US (MEX:TMUS) Cyclically Adjusted PB Ratio: 3.46 (As of Jul. 26, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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:TMUS T-Mobile US Inc MEX:TMUS
78 GF Score
Price MXN3,100.00
GF Value MXN3,934.52
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is T-Mobile US Cyclically Adjusted PB Ratio?

T-Mobile US MEX:TMUS 78 Cyclically Adjusted PB Ratio is 3.46 as of Jul. 26, 2026, which is 9% below its 10-year median of 3.82. GuruFocus rates MEX:TMUS with a GF Score™ of 78/100 and a GF Value™ of MXN3,934.52 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 288 Telecommunication Services companies, T-Mobile US ranks worse than 79.51% on this metric.

As of today (2026-07-26), T-Mobile US's current share price is MXN3100.00. T-Mobile US's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN895.43. T-Mobile US's Cyclically Adjusted PB Ratio for today is 3.46.

The historical rank and industry rank for T-Mobile US's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:TMUS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.75   Med: 3.82   Max: 5.99
Current: 3.48

During the past years, T-Mobile US's highest Cyclically Adjusted PB Ratio was 5.99. The lowest was 2.75. And the median was 3.82.

MEX:TMUS's Cyclically Adjusted PB Ratio is ranked worse than
79.51% of 288 companies
in the Telecommunication Services industry
Industry Median: 1.78 vs MEX:TMUS: 3.48

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.

T-Mobile US's adjusted book value per share data for the three months ended in Jun. 2026 was MXN913.427. 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 MXN895.43 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


T-Mobile US  (MEX:TMUS) 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.


T-Mobile US Cyclically Adjusted PB Ratio Related Terms


T-Mobile US Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for T-Mobile US'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.

T-Mobile US Cyclically Adjusted PB Ratio Chart

T-Mobile US 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 3.66 3.83 3.90 4.88 4.13

T-Mobile US 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 5.01 4.92 4.13 4.15 3.24

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

For the Telecom Services subindustry, T-Mobile US'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.


T-Mobile US Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, T-Mobile US's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where T-Mobile US's Cyclically Adjusted PB Ratio falls into.


MEX:TMUS
78GF Score
T-Mobile US Inc MEX:TMUS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

T-Mobile US 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.

T-Mobile US's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3100.00/895.43
=3.46

* 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.

T-Mobile US's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, T-Mobile US'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)
=913.427/333.9520*333.9520
=913.427

Current CPI (Jun. 2026) = 333.9520.

T-Mobile US Quarterly Data

Book Value per Share CPI Adj_Book
201609 418.922 241.428 579.468
201612 454.975 241.432 629.328
201703 429.770 243.801 588.687
201706 426.635 244.955 581.640
201709 442.312 246.819 598.459
201712 515.527 246.524 698.355
201803 487.186 249.554 651.950
201806 542.478 251.989 718.927
201809 536.976 252.439 710.367
201812 570.865 251.233 758.824
201903 594.418 254.202 780.903
201906 606.243 256.143 790.402
201909 640.816 256.759 833.473
201912 633.630 256.974 823.437
202003 789.026 258.115 1,020.850
202006 1,175.167 257.797 1,522.319
202009 1,148.432 260.280 1,473.495
202012 1,046.720 260.474 1,341.993
202103 1,088.259 264.877 1,372.057
202106 1,076.236 271.696 1,322.843
202109 1,126.466 274.310 1,371.388
202112 1,134.760 278.802 1,359.228
202203 1,111.652 287.504 1,291.246
202206 1,123.551 296.311 1,266.278
202209 1,128.760 296.808 1,270.019
202212 1,100.533 296.797 1,238.305
202303 1,001.351 301.836 1,107.897
202306 954.941 305.109 1,045.215
202309 969.868 307.789 1,052.310
202312 918.617 306.746 1,000.091
202403 875.094 312.332 935.669
202406 983.480 314.175 1,045.389
202409 1,086.284 315.301 1,150.541
202412 1,124.999 315.605 1,190.398
202503 1,099.142 319.799 1,147.786
202506 1,020.529 322.561 1,056.568
202509 991.861 324.800 1,019.809
202512 963.015 324.054 992.430
202603 927.963 330.213 938.470
202606 913.427 333.952 913.427

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 3.46 mean?
T-Mobile US (MEX:TMUS) has a Cyclically Adjusted PB Ratio of 3.46 as of Jul. 26, 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 T-Mobile US and its competitors. This is near median its historical median of 3.82. Over the past decade, T-Mobile US's Cyclically Adjusted PB Ratio has ranged from 2.75 to 5.99. According to the industry distribution chart, T-Mobile US ranks #229 out of 288 companies in the Telecommunication Services industry, placing it in the top 79.5%.
Is T-Mobile US's Cyclically Adjusted PB Ratio too high?
T-Mobile US's current Cyclically Adjusted PB Ratio of 3.46 is near median its 10-year median of 3.82. Over the past 10 years, this metric has ranged from a low of 2.75 to a high of 5.99. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.78. T-Mobile US's value of 3.46 is 94.4% above this industry median. Based on the distribution chart, T-Mobile US ranks #229 out of 288 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, T-Mobile US has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T-Mobile US's Cyclically Adjusted PB Ratio compare to VZ and T?
According to the Telecommunication Services industry distribution chart, T-Mobile US ranks #229 out of 288 companies for Cyclically Adjusted PB Ratio. This places T-Mobile US in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. T-Mobile US's value of 3.46 is 94.4% above this benchmark. Historically, T-Mobile US's own Cyclically Adjusted PB Ratio has ranged from 2.75 to 5.99 over the past decade. While the company's 10-year median is 3.82 vs. the industry median of 1.78, T-Mobile US 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 1.78, based on 288 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. T-Mobile US's current Cyclically Adjusted PB Ratio of 3.46 is 94.4% 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 T-Mobile US and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T-Mobile US's current Cyclically Adjusted PB Ratio is 3.46, which is near median its own 10-year median of 3.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T-Mobile US stock overvalued right now?
Based on GuruFocus' analysis, T-Mobile US (MEX:TMUS) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,934.52, compared to a current price of MXN3,100.00 — trading 21.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.46, which is near median its 10-year median of 3.82 and 94.4% above the Telecommunication Services industry median of 1.78. T-Mobile US's overall GF Score™ is 78/100 with 1 warning sign 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 T-Mobile US (MEX:TMUS), the current Cyclically Adjusted PB Ratio is 3.46 as of Jul. 26, 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 T-Mobile US (MEX:TMUS) Overvalued in 2026?

Based on GuruFocus' analysis, T-Mobile US stock appears to be undervalued. The current stock price of MXN3,100.00 is trading 21.2% below its estimated GF Value™ of MXN3,934.52. GuruFocus considers T-Mobile US to be Modestly Undervalued.

Key valuation signals for MEX:TMUS:

  • Cyclically Adjusted PB Ratio: 3.46 (near median its 10-year median of 3.82)
  • GF Value™: MXN3,934.52 vs. price of MXN3,100.00 (21.2% below fair value)
  • GF Score™: 78/100 with 1 warning sign
  • Industry Position: 94.4% above the Telecommunication Services median (#229 of 288)

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


T-Mobile US Business Description

Address 12920 SE 38th Street, Bellevue, WA, USA, 98006-1350
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the US. T-Mobile now serves about 86 million postpaid and 26 million prepaid phone customers, equal to around 30% of the US retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves 8 million residential and business customers with its wireless network. It also serves 1 million fiber broadband customers through joint ventures with fiber network owners. T-Mobile owns a stake in these firms, which provide wholesale access to their networks. In addition, T-Mobile provides wholesale services to wireless resellers.
78GF Score

Get the complete analysis for MEX:TMUS

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

MXN3,100.00
Price
MXN3,934.52
GF Value