Verizon Communications (MEX:VZ) Cyclically Adjusted PB Ratio: 2.20 (As of Jul. 20, 2026) — 46% Below Median

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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:VZ Verizon Communications Inc MEX:VZ
61 GF Score
Price MXN768.50
GF Value MXN749.21
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Verizon Communications Cyclically Adjusted PB Ratio?

Verizon Communications MEX:VZ +0.07% 61 Cyclically Adjusted PB Ratio is 2.20 as of Jul. 20, 2026, which is 46% below its 10-year median of 4.11. GuruFocus rates MEX:VZ with a GF Score™ of 61/100 and a GF Value™ of MXN749.21 (Fairly Valued). The stock has 3 warning signs investors should review. Among 289 Telecommunication Services companies, Verizon Communications ranks worse than 57.79% on this metric.

As of today (2026-07-20), Verizon Communications's current share price is MXN768.50. Verizon Communications's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN349.23. Verizon Communications's Cyclically Adjusted PB Ratio for today is 2.20.

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

MEX:VZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.09   Med: 4.11   Max: 5.81
Current: 2.24

During the past years, Verizon Communications's highest Cyclically Adjusted PB Ratio was 5.81. The lowest was 2.09. And the median was 4.11.

MEX:VZ's Cyclically Adjusted PB Ratio is ranked worse than
57.79% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs MEX:VZ: 2.24

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.

Verizon Communications's adjusted book value per share data for the three months ended in Mar. 2026 was MXN446.153. 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 MXN349.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Verizon Communications  (MEX:VZ) 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.


Verizon Communications Cyclically Adjusted PB Ratio Related Terms


Verizon Communications Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Verizon Communications'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.

Verizon Communications Cyclically Adjusted PB Ratio Chart

Verizon Communications 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 4.46 3.06 2.71 2.47 2.18

Verizon Communications 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 2.68 2.46 2.41 2.18 2.58

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

For the Telecom Services subindustry, Verizon Communications'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.


Verizon Communications Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


MEX:VZ
61GF Score
Verizon Communications Inc MEX:VZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Verizon Communications 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.

Verizon Communications's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=768.50/349.23
=2.20

* 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.

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

For example, Verizon Communications'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)
=446.153/330.2130*330.2130
=446.153

Current CPI (Mar. 2026) = 330.2130.

Verizon Communications Quarterly Data

Book Value per Share CPI Adj_Book
201606 87.307 241.018 119.617
201609 97.042 241.428 132.729
201612 113.911 241.432 155.799
201703 108.436 243.801 146.870
201706 111.613 244.955 150.461
201709 119.437 246.819 159.792
201712 207.474 246.524 277.906
201803 223.280 249.554 295.447
201806 247.401 251.989 324.201
201809 246.691 252.439 322.694
201812 252.540 251.233 331.931
201903 261.985 254.202 340.323
201906 262.800 256.143 338.795
201909 281.257 256.759 361.719
201912 279.970 256.974 359.763
202003 341.181 258.115 436.481
202006 349.724 257.797 447.963
202009 347.367 260.280 440.699
202012 326.117 260.474 413.431
202103 351.698 264.877 438.450
202106 354.278 271.696 430.581
202109 382.637 274.310 460.616
202112 399.695 278.802 473.399
202203 397.125 287.504 456.118
202206 412.017 296.311 459.157
202209 418.927 296.808 466.076
202212 423.096 296.797 470.732
202303 398.623 301.836 436.099
202306 388.193 305.109 420.133
202309 404.971 307.789 434.475
202312 373.176 306.746 401.725
202403 371.940 312.332 393.234
202406 418.547 314.175 439.913
202409 450.560 315.301 471.869
202412 491.642 315.605 514.398
202503 488.725 319.799 504.640
202506 460.257 322.561 471.176
202509 457.001 324.800 464.617
202512 446.004 324.054 454.481
202603 446.153 330.213 446.153

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 2.20 mean?
Verizon Communications (MEX:VZ) has a Cyclically Adjusted PB Ratio of 2.20 as of Jul. 20, 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 Verizon Communications and its competitors. This is 46% below median its historical median of 4.11. Over the past decade, Verizon Communications' Cyclically Adjusted PB Ratio has ranged from 2.09 to 5.81. According to the industry distribution chart, Verizon Communications ranks #167 out of 289 companies in the Telecommunication Services industry, placing it in the top 57.8%.
Is Verizon Communications' Cyclically Adjusted PB Ratio too high?
Verizon Communications' current Cyclically Adjusted PB Ratio of 2.20 is 46% below median its 10-year median of 4.11. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 5.81. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. Verizon Communications' value of 2.20 is 22.9% above this industry median. Based on the distribution chart, Verizon Communications ranks #167 out of 289 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Verizon Communications has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Verizon Communications' Cyclically Adjusted PB Ratio compare to TMUS and T?
According to the Telecommunication Services industry distribution chart, Verizon Communications ranks #167 out of 289 companies for Cyclically Adjusted PB Ratio. This places Verizon Communications in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Verizon Communications' value of 2.20 is 22.9% above this benchmark. Historically, Verizon Communications' own Cyclically Adjusted PB Ratio has ranged from 2.09 to 5.81 over the past decade. While the company's 10-year median is 4.11 vs. the industry median of 1.79, Verizon Communications 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. Verizon Communications's current Cyclically Adjusted PB Ratio of 2.20 is 22.9% 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 Verizon Communications 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. Verizon Communications's current Cyclically Adjusted PB Ratio is 2.20, which is 46% below median its own 10-year median of 4.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verizon Communications stock overvalued right now?
Based on GuruFocus' analysis, Verizon Communications (MEX:VZ) is currently considered Fairly Valued. The stock's GF Value™ is MXN749.21, compared to a current price of MXN768.50 — trading 2.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.20, which is 46% below median its 10-year median of 4.11 and 22.9% above the Telecommunication Services industry median of 1.79. Verizon Communications' overall GF Score™ is 61/100 with 3 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 Verizon Communications (MEX:VZ), the current Cyclically Adjusted PB Ratio is 2.20 as of Jul. 20, 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 Verizon Communications (MEX:VZ) Overvalued in 2026?

Based on GuruFocus' analysis, Verizon Communications stock appears to be overvalued. The current stock price of MXN768.50 is trading 2.6% above its estimated GF Value™ of MXN749.21. GuruFocus considers Verizon Communications to be Fairly Valued.

Key valuation signals for MEX:VZ:

  • Cyclically Adjusted PB Ratio: 2.20 (46% below median its 10-year median of 4.11)
  • GF Value™: MXN749.21 vs. price of MXN768.50 (2.6% above fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 22.9% above the Telecommunication Services median (#167 of 289)

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


Verizon Communications Business Description

Address 1095 Avenue of the Americas, New York, NY, USA, 10036
Wireless services account for 75% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 94 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast that reach about 30 million homes and businesses, including about 20 million served by the Fios fiber-optic network. Verizon closed its acquisition of Frontier Communications in January, adding networks that reach another 15 million locations, including 9 million with fiber. These networks serve about 11 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, using a mix of its own and other networks.
61GF Score

Get the complete analysis for MEX:VZ

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

MXN768.50
Price
MXN749.21
GF Value