MYTEF (Telekom Malaysia Bhd) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.

MYTEF Telekom Malaysia Bhd MYTEF
79 GF Score
Price $2.00
GF Value $1.76
! 5 Warning Signs
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What is Telekom Malaysia Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Telekom Malaysia Bhd  (OTCPK:MYTEF) 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.


Telekom Malaysia Bhd Cyclically Adjusted PB Ratio Related Terms


Telekom Malaysia Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Telekom Malaysia Bhd'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.

Telekom Malaysia Bhd Cyclically Adjusted PB Ratio Chart

Telekom Malaysia Bhd 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 2.25 1.19 1.82 2.85 3.07

Telekom Malaysia Bhd 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 2.85 2.83 3.14 3.10 3.07

MYTEF vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Telekom Malaysia Bhd'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.


Telekom Malaysia Bhd Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


MYTEF
79GF Score
Telekom Malaysia Bhd MYTEF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Telekom Malaysia Bhd 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.

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

For example, Telekom Malaysia Bhd'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)
=0.67/333.9520*333.9520
=0.670

Current CPI (Jun. 2026) = 333.9520.

Telekom Malaysia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.496 241.428 0.686
201612 0.465 241.432 0.643
201703 0.455 243.801 0.623
201706 0.477 244.955 0.650
201709 0.473 246.819 0.640
201712 0.511 246.524 0.692
201803 0.512 249.554 0.685
201806 0.492 251.989 0.652
201809 0.453 252.439 0.599
201812 0.452 251.233 0.601
201903 0.408 254.202 0.536
201906 0.410 256.143 0.535
201909 0.420 256.759 0.546
201912 0.425 256.974 0.552
202003 0.389 258.115 0.503
202006 0.410 257.797 0.531
202009 0.429 260.280 0.550
202012 0.460 260.474 0.590
202103 0.449 264.877 0.566
202106 0.462 271.696 0.568
202109 0.459 274.310 0.559
202112 0.466 278.802 0.558
202203 0.469 287.504 0.545
202206 0.471 296.311 0.531
202209 0.441 296.808 0.496
202212 0.480 296.797 0.540
202303 0.482 301.836 0.533
202306 0.488 305.109 0.534
202309 0.495 307.789 0.537
202312 0.529 306.746 0.576
202403 0.505 312.332 0.540
202406 0.528 314.175 0.561
202409 0.600 315.301 0.635
202412 0.598 315.605 0.633
202503 0.585 319.799 0.611
202506 0.640 322.561 0.663
202509 0.653 324.800 0.671
202512 0.691 324.054 0.712
202603 0.668 330.213 0.676
202606 0.670 333.952 0.670

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.

Is Telekom Malaysia Bhd (MYTEF) Overvalued in 2026?

Based on GuruFocus' analysis, Telekom Malaysia Bhd stock appears to be overvalued. The current stock price of $2.00 is trading 13.6% above its estimated GF Value™ of $1.76.

Key valuation signals for MYTEF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $1.76 vs. price of $2.00 (13.6% above fair value)
  • GF Score™: 79/100 with 5 warning signs

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


Telekom Malaysia Bhd Business Description

Other Exchanges 4863:Malaysia
Address Jalan Pantai Baharu, Menara TM, Kuala Lumpur, SGR, MYS, 50672
Telekom Malaysia Bhd is a telecommunications company. It generates revenue from the Internet and multimedia services, Data services, Voice services, Non-telecommunications related services, and Other telecommunications-related services, in which it generates the majority of its revenue from Internet and multimedia services. The company owns telecommunications infrastructure. The Group has identified a single reportable segment of providing fixed-mobile convergence services, which offers integrated broadband, mobile, and data services, digital content, as well as other solutions. It generates the vast majority of its revenue in Malaysia.
79GF Score

Get the complete analysis for MYTEF

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

$2.00
Price
$1.76
GF Value