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Tele2 AB (OSTO:TEL2 B) Cyclically Adjusted PB Ratio : 2.95 (As of Jun. 30, 2025)


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What is Tele2 AB Cyclically Adjusted PB Ratio?

As of today (2025-06-30), Tele2 AB's current share price is kr141.10. Tele2 AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr47.80. Tele2 AB's Cyclically Adjusted PB Ratio for today is 2.95.

The historical rank and industry rank for Tele2 AB's Cyclically Adjusted PB Ratio or its related term are showing as below:

OSTO:TEL2 B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.22   Max: 3.16
Current: 2.95

During the past years, Tele2 AB's highest Cyclically Adjusted PB Ratio was 3.16. The lowest was 1.23. And the median was 2.22.

OSTO:TEL2 B's Cyclically Adjusted PB Ratio is ranked worse than
72.54% of 284 companies
in the Telecommunication Services industry
Industry Median: 1.555 vs OSTO:TEL2 B: 2.95

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.

Tele2 AB's adjusted book value per share data for the three months ended in Mar. 2025 was kr33.074. 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 kr47.80 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tele2 AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tele2 AB'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.

* Premium members only.

Tele2 AB Cyclically Adjusted PB Ratio Chart

Tele2 AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.30 2.70 1.63 1.67 2.24

Tele2 AB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.72 2.12 2.32 2.24 2.84

Competitive Comparison of Tele2 AB's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Tele2 AB'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.


Tele2 AB's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Tele2 AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tele2 AB's Cyclically Adjusted PB Ratio falls into.


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Tele2 AB 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.

Tele2 AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=141.10/47.80
=2.95

* 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.

Tele2 AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Tele2 AB's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=33.074/132.8245*132.8245
=33.074

Current CPI (Mar. 2025) = 132.8245.

Tele2 AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 40.407 99.995 53.673
201509 40.980 100.228 54.308
201512 38.638 100.276 51.180
201603 43.648 100.751 57.543
201606 39.191 101.019 51.530
201609 33.456 101.138 43.938
201612 37.370 102.022 48.653
201703 37.810 102.022 49.226
201706 33.227 102.752 42.951
201709 33.710 103.279 43.354
201712 34.303 103.793 43.898
201803 36.242 103.962 46.304
201806 33.350 104.875 42.238
201809 33.857 105.679 42.554
201812 52.888 105.912 66.327
201903 54.439 105.886 68.289
201906 53.858 106.742 67.019
201909 49.622 107.214 61.475
201912 50.594 107.766 62.359
202003 53.398 106.563 66.558
202006 48.409 107.498 59.814
202009 46.810 107.635 57.765
202012 47.560 108.296 58.332
202103 49.192 108.360 60.298
202106 42.121 108.928 51.362
202109 43.790 110.338 52.714
202112 45.139 112.486 53.301
202203 48.946 114.825 56.618
202206 30.674 118.384 34.416
202209 32.298 122.296 35.078
202212 34.273 126.365 36.025
202303 35.677 127.042 37.301
202306 30.393 129.407 31.196
202309 31.894 130.224 32.531
202312 32.937 131.912 33.165
202403 34.455 132.205 34.616
202406 28.838 132.716 28.862
202409 30.349 132.304 30.468
202412 31.914 132.987 31.875
202503 33.074 132.825 33.074

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.


Tele2 AB  (OSTO:TEL2 B) 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.


Tele2 AB Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Tele2 AB's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tele2 AB Business Description

Address
Torshamnsgatan 17, Kista, Stockholm, SWE, 164 40
Tele2 is the number two telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. Tele2 is a well-managed firm, showing good cost discipline and a healthy dividend policy, which we expect will remain.

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