Etihad Etisalat Co JSC (SAU:7020) Cyclically Adjusted PB Ratio: 2.75 (As of Aug. 27, 2026) — 62% Above Median

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SAU:7020 Etihad Etisalat Co JSC SAU:7020
79 GF Score
Price ﷼67.55
GF Value ﷼64.42
Valuation Fairly Valued
! 4 Warning Signs
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What is Etihad Etisalat Co JSC Cyclically Adjusted PB Ratio?

Etihad Etisalat Co JSC SAU:7020 +0.15% 79 Cyclically Adjusted PB Ratio is 2.75 as of Aug. 27, 2026, which is 62% above its 10-year median of 1.70. GuruFocus rates SAU:7020 with a GF Score™ of 79/100 and a GF Value™ of ﷼64.42 (Fairly Valued). The stock has 4 warning signs investors should review. Among 287 Telecommunication Services companies, Etihad Etisalat Co JSC ranks worse than 63.76% on this metric.

As of today (2026-08-27), Etihad Etisalat Co JSC's current share price is ﷼67.55. Etihad Etisalat Co JSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ﷼24.58. Etihad Etisalat Co JSC's Cyclically Adjusted PB Ratio for today is 2.75.

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

SAU:7020' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.7   Max: 2.96
Current: 2.6

During the past years, Etihad Etisalat Co JSC's highest Cyclically Adjusted PB Ratio was 2.96. The lowest was 0.67. And the median was 1.70.

SAU:7020's Cyclically Adjusted PB Ratio is ranked worse than
63.76% of 287 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs SAU:7020: 2.60

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.

Etihad Etisalat Co JSC's adjusted book value per share data for the three months ended in Jun. 2026 was ﷼27.194. 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 ﷼24.58 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Etihad Etisalat Co JSC  (SAU:7020) 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.


Etihad Etisalat Co JSC Cyclically Adjusted PB Ratio Related Terms


Etihad Etisalat Co JSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Etihad Etisalat Co JSC'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.

Etihad Etisalat Co JSC Cyclically Adjusted PB Ratio Chart

Etihad Etisalat Co JSC 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 1.10 1.38 2.01 2.26 2.76

Etihad Etisalat Co JSC 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 2.48 2.82 2.76 2.68 2.46

SAU:7020 vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Etihad Etisalat Co JSC'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.


Etihad Etisalat Co JSC Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

* The bar in red indicates where Etihad Etisalat Co JSC's Cyclically Adjusted PB Ratio falls into.


SAU:7020
79GF Score
Etihad Etisalat Co JSC SAU:7020
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Etihad Etisalat Co JSC 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.

Etihad Etisalat Co JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=67.55/24.58
=2.75

* 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.

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

For example, Etihad Etisalat Co JSC'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)
=27.194/333.9520*333.9520
=27.194

Current CPI (Jun. 2026) = 333.9520.

Etihad Etisalat Co JSC Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.035 241.428 27.713
201612 19.422 241.432 26.865
201703 19.219 243.801 26.326
201706 18.973 244.955 25.866
201709 18.747 246.819 25.365
201712 18.511 246.524 25.076
201803 18.114 249.554 24.240
201806 17.979 251.989 23.827
201809 17.932 252.439 23.722
201812 18.012 251.233 23.942
201903 17.944 254.202 23.574
201906 17.965 256.143 23.422
201909 18.018 256.759 23.435
201912 17.859 256.974 23.209
202003 17.998 258.115 23.286
202006 18.208 257.797 23.587
202009 18.515 260.280 23.756
202012 18.760 260.474 24.052
202103 19.057 264.877 24.027
202106 18.886 271.696 23.214
202109 19.253 274.310 23.439
202112 19.735 278.802 23.639
202203 20.261 287.504 23.534
202206 19.865 296.311 22.388
202209 20.401 296.808 22.954
202212 21.245 296.797 23.905
202303 21.835 301.836 24.158
202306 21.309 305.109 23.323
202309 21.965 307.789 23.832
202312 22.887 306.746 24.917
202403 23.715 312.332 25.357
202406 23.072 314.175 24.524
202409 23.236 315.301 24.610
202412 24.514 315.605 25.939
202503 24.204 319.799 25.275
202506 25.261 322.561 26.153
202509 25.128 324.800 25.836
202512 26.485 324.054 27.294
202603 26.011 330.213 26.306
202606 27.194 333.952 27.194

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 2.75 mean?
Etihad Etisalat Co JSC (SAU:7020) has a Cyclically Adjusted PB Ratio of 2.75 as of Aug. 27, 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 Etihad Etisalat Co JSC and its competitors. This is 62% above median its historical median of 1.70. Over the past decade, Etihad Etisalat Co JSC's Cyclically Adjusted PB Ratio has ranged from 0.67 to 2.96. According to the industry distribution chart, Etihad Etisalat Co JSC ranks #183 out of 287 companies in the Telecommunication Services industry, placing it in the top 63.8%.
Is Etihad Etisalat Co JSC's Cyclically Adjusted PB Ratio too high?
Etihad Etisalat Co JSC's current Cyclically Adjusted PB Ratio of 2.75 is 62% above median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 2.96. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. Etihad Etisalat Co JSC's value of 2.75 is 53.6% above this industry median. Based on the distribution chart, Etihad Etisalat Co JSC ranks #183 out of 287 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Etihad Etisalat Co JSC has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Etihad Etisalat Co JSC's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Etihad Etisalat Co JSC ranks #183 out of 287 companies for Cyclically Adjusted PB Ratio. This places Etihad Etisalat Co JSC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Etihad Etisalat Co JSC's value of 2.75 is 53.6% above this benchmark. Historically, Etihad Etisalat Co JSC's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 2.96 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 1.79, Etihad Etisalat Co JSC 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 1.79, based on 287 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. Etihad Etisalat Co JSC's current Cyclically Adjusted PB Ratio of 2.75 is 53.6% 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 Etihad Etisalat Co JSC and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Etihad Etisalat Co JSC's current Cyclically Adjusted PB Ratio is 2.75, which is 62% above median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Etihad Etisalat Co JSC stock overvalued right now?
Based on GuruFocus' analysis, Etihad Etisalat Co JSC (SAU:7020) is currently considered Fairly Valued. The stock's GF Value™ is ﷼64.42, compared to a current price of ﷼67.55 — trading 4.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.75, which is 62% above median its 10-year median of 1.70 and 53.6% above the Telecommunication Services industry median of 1.79. Etihad Etisalat Co JSC's overall GF Score™ is 79/100 with 4 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 Etihad Etisalat Co JSC (SAU:7020), the current Cyclically Adjusted PB Ratio is 2.75 as of Aug. 27, 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 Etihad Etisalat Co JSC (SAU:7020) Overvalued in 2026?

Based on GuruFocus' analysis, Etihad Etisalat Co JSC stock appears to be overvalued. The current stock price of ﷼67.55 is trading 4.9% above its estimated GF Value™ of ﷼64.42. GuruFocus considers Etihad Etisalat Co JSC to be Fairly Valued.

Key valuation signals for SAU:7020:

  • Cyclically Adjusted PB Ratio: 2.75 (62% above median its 10-year median of 1.70)
  • GF Value™: ﷼64.42 vs. price of ﷼67.55 (4.9% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 53.6% above the Telecommunication Services median (#183 of 287)

No single metric tells the full story. See the SAU:7020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Etihad Etisalat Co JSC Business Description

Address P.O. Box 23088, Riyadh, SAU, 11321
Etihad Etisalat Co JSC operates in the telecom sector. The company also manages, installs, and operates telephone networks, terminals, and telecommunication unit systems, as well as to sell and maintains mobile phones and telecommunication units in the Kingdom of Saudi Arabia. The company's segment includes Consumer, Business, Wholesale and Others. It derives maximum revenue from Consumer segment, which includes products and services such as voice calls, mobile Internet, and fixed Internet. The company has provides integrated services for three main sectors; individuals, businesses, and carriers. All of the company's operations are principally conducted in the Kingdom of Saudi Arabia.
79GF Score

Get the complete analysis for SAU:7020

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

﷼67.55
Price
﷼64.42
GF Value