QBCAF (Quebecor) Cyclically Adjusted PB Ratio: 10.23 (As of Jul. 11, 2026) — 27% Above Median


QBCAF Quebecor Inc QBCAF
74 GF Score
Price $41.52
GF Value $23.03
! 8 Warning Signs
View Full Analysis

What is Quebecor Cyclically Adjusted PB Ratio?

Quebecor QBCAF 74 Cyclically Adjusted PB Ratio is 10.23 as of Jul. 11, 2026, which is 27% above its 10-year median of 8.04. GuruFocus rates QBCAF with a GF Score™ of 74/100 and a GF Value™ of $23.03. The stock has 8 warning signs investors should review. Among 290 Telecommunication Services companies, Quebecor ranks worse than 97.24% on this metric.

As of today (2026-07-11), Quebecor's current share price is $41.52. Quebecor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.06. Quebecor's Cyclically Adjusted PB Ratio for today is 10.23.

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: 8.04   Max: 11.92
Current: 11.54

During the past years, Quebecor's highest Cyclically Adjusted PB Ratio was 11.92. The lowest was 3.97. And the median was 8.04.

QBCAF's Cyclically Adjusted PB Ratio is ranked worse than
97.24% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.845 vs QBCAF: 11.54

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 Mar. 2026 was $8.655. 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 $4.06 for the trailing ten years ended in Mar. 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
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 7.65 8.36 8.44 9.49 10.23

QBCAF vs TMUS, VZ, 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
74GF Score
Quebecor Inc QBCAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=41.52/4.06
=10.23

* 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 Mar. 2026 is calculated as:

For example, Quebecor'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)
=8.655/132.2623*132.2623
=8.655

Current CPI (Mar. 2026) = 132.2623.

Quebecor Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.079 102.002 1.399
201609 0.977 101.765 1.270
201612 1.842 101.449 2.401
201703 1.321 102.634 1.702
201706 1.745 103.029 2.240
201709 2.441 103.345 3.124
201712 2.832 103.345 3.624
201803 2.603 105.004 3.279
201806 -1.372 105.557 -1.719
201809 -1.038 105.636 -1.300
201812 1.390 105.399 1.744
201903 1.778 106.979 2.198
201906 2.248 107.690 2.761
201909 2.693 107.611 3.310
201912 2.915 107.769 3.577
202003 3.028 107.927 3.711
202006 3.169 108.401 3.867
202009 3.287 108.164 4.019
202012 3.500 108.559 4.264
202103 3.901 110.298 4.678
202106 4.059 111.720 4.805
202109 4.108 112.905 4.812
202112 4.100 113.774 4.766
202203 4.428 117.646 4.978
202206 4.662 120.806 5.104
202209 4.457 120.648 4.886
202212 4.326 120.964 4.730
202303 4.488 122.702 4.838
202306 4.979 124.203 5.302
202309 5.366 125.230 5.667
202312 5.580 125.072 5.901
202403 5.984 126.258 6.269
202406 6.581 127.522 6.826
202409 6.861 127.285 7.129
202412 6.520 127.364 6.771
202503 6.697 129.181 6.857
202506 7.565 129.892 7.703
202509 7.844 130.287 7.963
202512 8.378 130.366 8.500
202603 8.655 132.262 8.655

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 10.23 mean?
Quebecor (QBCAF) has a Cyclically Adjusted PB Ratio of 10.23 as of Jul. 11, 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 27% above median its historical median of 8.04. 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 #282 out of 290 companies in the Telecommunication Services industry, placing it in the top 97.2%.
Is Quebecor's Cyclically Adjusted PB Ratio too high?
Quebecor's current Cyclically Adjusted PB Ratio of 10.23 is 27% above median its 10-year median of 8.04. 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 1.85. Quebecor's value of 10.23 is 454.5% above this industry median. Based on the distribution chart, Quebecor ranks #282 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 74/100, reflecting its overall financial health beyond just this single metric.
How does Quebecor's Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Quebecor ranks #282 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 1.85. Quebecor's value of 10.23 is 454.5% 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 8.04 vs. the industry median of 1.85, 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 1.85, 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 10.23 is 454.5% 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 1.85 — 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 10.23, which is 27% above median its own 10-year median of 8.04. 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?
Quebecor (QBCAF) has a current Cyclically Adjusted PB Ratio of 10.23. The stock's GF Value™ is $23.03, compared to a current price of $41.52 — trading 80.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.23, which is 27% above median its 10-year median of 8.04 and 454.5% above the Telecommunication Services industry median of 1.85. Quebecor's overall GF Score™ is 74/100 with 8 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 10.23 as of Jul. 11, 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 $41.52 is trading 80.3% above its estimated GF Value™ of $23.03.

Key valuation signals for QBCAF:

  • Cyclically Adjusted PB Ratio: 10.23 (27% above median its 10-year median of 8.04)
  • GF Value™: $23.03 vs. price of $41.52 (80.3% above fair value)
  • GF Score™: 74/100 with 8 warning signs
  • Industry Position: 454.5% above the Telecommunication Services median (#282 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.
74GF Score

Get the complete analysis for QBCAF

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

$41.52
Price
$23.03
GF Value