T-Mobile US (MIC:TMUS-RM) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
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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.

What is T-Mobile US Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


T-Mobile US  (MIC:TMUS-RM) 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

MIC:TMUS-RM 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.



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 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)
=4030.513/333.9520*333.9520
=4,030.513

Current CPI (Jun. 2026) = 333.9520.

T-Mobile US Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,366.690 241.428 1,890.455
201612 1,331.608 241.432 1,841.898
201703 1,277.835 243.801 1,750.344
201706 1,402.448 244.955 1,911.985
201709 1,410.918 246.819 1,909.006
201712 1,511.155 246.524 2,047.075
201803 1,535.341 249.554 2,054.586
201806 1,734.702 251.989 2,298.938
201809 1,881.383 252.439 2,488.885
201812 2,021.249 251.233 2,686.750
201903 1,989.015 254.202 2,613.022
201906 1,990.126 256.143 2,594.670
201909 2,046.813 256.759 2,662.175
201912 2,082.011 256.974 2,705.689
202003 2,678.181 258.115 3,465.060
202006 3,562.499 257.797 4,614.886
202009 4,105.112 260.280 5,267.060
202012 3,921.358 260.474 5,027.547
202103 4,041.056 264.877 5,094.888
202106 3,974.061 271.696 4,884.671
202109 4,003.163 274.310 4,873.553
202112 4,089.817 278.802 4,898.826
202203 5,860.780 287.504 6,807.624
202206 3,518.203 296.311 3,965.128
202209 3,383.586 296.808 3,807.024
202212 3,454.688 296.797 3,887.169
202303 4,179.918 301.836 4,624.670
202306 4,520.678 305.109 4,948.033
202309 5,368.857 307.789 5,825.226
202312 4,883.091 306.746 5,316.183
202403 4,824.703 312.332 5,158.675
202406 4,852.953 314.175 5,158.442
202409 4,999.645 315.301 5,295.389
202412 5,804.219 315.605 6,141.634
202503 4,438.848 319.799 4,635.293
202506 4,212.778 322.561 4,361.549
202509 4,491.520 324.800 4,618.079
202512 4,251.768 324.054 4,381.635
202603 4,183.134 330.213 4,230.500
202606 4,030.513 333.952 4,030.513

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.


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.