QBCAF (Quebecor) Cyclically Adjusted PB Ratio: 12.62 (As of Aug. 12, 2026) — 57% Above Median

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QBCAF Quebecor Inc QBCAF
72 GF Score
Price $47.07
GF Value $26.80
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Quebecor Cyclically Adjusted PB Ratio?

Quebecor QBCAF 72 Cyclically Adjusted PB Ratio is 12.62 as of Aug. 12, 2026, which is 57% above its 10-year median of 8.06. GuruFocus rates QBCAF with a GF Score™ of 72/100 and a GF Value™ of $26.80 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 290 Telecommunication Services companies, Quebecor ranks worse than 96.9% on this metric.

As of today (2026-08-12), Quebecor's current share price is $47.07. Quebecor's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $3.73. Quebecor's Cyclically Adjusted PB Ratio for today is 12.62.

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

QBCAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.97   Med: 8.06   Max: 11.92
Current: 10.78

During the past years, Quebecor's highest Cyclically Adjusted PB Ratio was 11.92. The lowest was 3.97. And the median was 8.06.

QBCAF's Cyclically Adjusted PB Ratio is ranked worse than
96.9% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.77 vs QBCAF: 10.78

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.

Quebecor's adjusted book value per share data for the three months ended in Jun. 2026 was $8.727. 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 $3.73 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quebecor  (OTCPK:QBCAF) 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.


Quebecor Cyclically Adjusted PB Ratio Related Terms


Quebecor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Quebecor'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.

Quebecor Cyclically Adjusted PB Ratio Chart

Quebecor 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 7.97 8.26 8.05 6.98 9.49

Quebecor 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 8.36 8.44 9.49 10.23 11.13

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

For the Telecom Services subindustry, Quebecor'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.


Quebecor Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


QBCAF
72GF Score
Quebecor Inc QBCAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Quebecor 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.

Quebecor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.07/3.73
=12.62

* 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.

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

For example, Quebecor'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)
=8.727/133.5265*133.5265
=8.727

Current CPI (Jun. 2026) = 133.5265.

Quebecor Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.977 101.765 1.282
201612 1.842 101.449 2.424
201703 1.321 102.634 1.719
201706 1.745 103.029 2.262
201709 2.441 103.345 3.154
201712 2.832 103.345 3.659
201803 2.603 105.004 3.310
201806 -1.372 105.557 -1.736
201809 -1.038 105.636 -1.312
201812 1.390 105.399 1.761
201903 1.778 106.979 2.219
201906 2.248 107.690 2.787
201909 2.693 107.611 3.342
201912 2.915 107.769 3.612
202003 3.028 107.927 3.746
202006 3.169 108.401 3.904
202009 3.287 108.164 4.058
202012 3.500 108.559 4.305
202103 3.901 110.298 4.723
202106 4.059 111.720 4.851
202109 4.108 112.905 4.858
202112 4.100 113.774 4.812
202203 4.428 117.646 5.026
202206 4.662 120.806 5.153
202209 4.457 120.648 4.933
202212 4.326 120.964 4.775
202303 4.488 122.702 4.884
202306 4.979 124.203 5.353
202309 5.366 125.230 5.721
202312 5.580 125.072 5.957
202403 5.984 126.258 6.329
202406 6.581 127.522 6.891
202409 6.861 127.285 7.197
202412 6.520 127.364 6.835
202503 6.697 129.181 6.922
202506 7.565 129.892 7.777
202509 7.844 130.287 8.039
202512 8.378 130.366 8.581
202603 8.655 132.262 8.738
202606 8.727 133.527 8.727

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 12.62 mean?
Quebecor (QBCAF) has a Cyclically Adjusted PB Ratio of 12.62 as of Aug. 12, 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 Quebecor and its competitors. This is 57% above median its historical median of 8.06. Over the past decade, Quebecor's Cyclically Adjusted PB Ratio has ranged from 3.97 to 11.92. According to the industry distribution chart, Quebecor ranks #281 out of 290 companies in the Telecommunication Services industry, placing it in the top 96.9%.
Is Quebecor's Cyclically Adjusted PB Ratio too high?
Quebecor's current Cyclically Adjusted PB Ratio of 12.62 is 57% above median its 10-year median of 8.06. Over the past 10 years, this metric has ranged from a low of 3.97 to a high of 11.92. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.77. Quebecor's value of 12.62 is 613% above this industry median. Based on the distribution chart, Quebecor ranks #281 out of 290 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Quebecor has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quebecor's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Quebecor ranks #281 out of 290 companies for Cyclically Adjusted PB Ratio. This places Quebecor in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.77. Quebecor's value of 12.62 is 613% above this benchmark. Historically, Quebecor's own Cyclically Adjusted PB Ratio has ranged from 3.97 to 11.92 over the past decade. While the company's 10-year median is 8.06 vs. the industry median of 1.77, Quebecor 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 1.77, based on 290 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. Quebecor's current Cyclically Adjusted PB Ratio of 12.62 is 613% 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 Quebecor and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quebecor's current Cyclically Adjusted PB Ratio is 12.62, which is 57% above median its own 10-year median of 8.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quebecor stock overvalued right now?
Based on GuruFocus' analysis, Quebecor (QBCAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.80, compared to a current price of $47.07 — trading 75.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.62, which is 57% above median its 10-year median of 8.06 and 613% above the Telecommunication Services industry median of 1.77. Quebecor's overall GF Score™ is 72/100 with 9 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 Quebecor (QBCAF), the current Cyclically Adjusted PB Ratio is 12.62 as of Aug. 12, 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 Quebecor (QBCAF) Overvalued in 2026?

Based on GuruFocus' analysis, Quebecor stock appears to be overvalued. The current stock price of $47.07 is trading 75.6% above its estimated GF Value™ of $26.80. GuruFocus considers Quebecor to be Significantly Overvalued.

Key valuation signals for QBCAF:

  • Cyclically Adjusted PB Ratio: 12.62 (57% above median its 10-year median of 8.06)
  • GF Value™: $26.80 vs. price of $47.07 (75.6% above fair value)
  • GF Score™: 72/100 with 9 warning signs
  • Industry Position: 613% above the Telecommunication Services median (#281 of 290)

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


Quebecor Business Description

Address 612, rue Saint-Jacques, 17th Floor, Corporate Secretariat, Montreal, QC, CAN, H3C 4M8
Quebecor primarily provides telecom services in Quebec, where it has roughly 1.7 million internet subscribers—corresponding to a penetration rate of about 50% in its footprint—and over 4.4 million mobile subscribers, including more than 20% of the wireless market share in Quebec. With the acquisition of Freedom Mobile in 2023, Quebecor also has more than 1 million mobile subscribers in Ontario, British Columbia, and Alberta. Quebecor offers a French-language subscription video-on-demand service and has a media segment that owns and operates television stations, publishes newspapers and magazines, and produces and distributes films and television shows. A very small portion of Quebecor's business engages in live event production and promotion and owns live-event venues.
72GF Score

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

$47.07
Price
$26.80
GF Value