SHEN (Shenandoah Telecommunications Co) Cyclically Adjusted PB Ratio: 0.94 (As of Jul. 13, 2026) — 82% Below Median


SHEN Shenandoah Telecommunications Co SHEN
60 GF Score
Price $12.70
GF Value $16.34
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio?

Shenandoah Telecommunications Co SHEN +0.32% 60 Cyclically Adjusted PB Ratio is 0.94 as of Jul. 13, 2026, which is 82% below its 10-year median of 5.10. GuruFocus rates SHEN with a GF Score™ of 60/100 and a GF Value™ of $16.34 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 289 Telecommunication Services companies, Shenandoah Telecommunications Co ranks better than 70.24% on this metric.

As of today (2026-07-13), Shenandoah Telecommunications Co's current share price is $12.70. Shenandoah Telecommunications Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $13.45. Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio for today is 0.94.

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

SHEN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 5.1   Max: 9.04
Current: 0.94

During the past years, Shenandoah Telecommunications Co's highest Cyclically Adjusted PB Ratio was 9.04. The lowest was 0.80. And the median was 5.10.

SHEN's Cyclically Adjusted PB Ratio is ranked better than
70.24% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.83 vs SHEN: 0.94

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.

Shenandoah Telecommunications Co's adjusted book value per share data for the three months ended in Mar. 2026 was $15.677. 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 $13.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shenandoah Telecommunications Co  (NAS:SHEN) 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.


Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio Related Terms


Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shenandoah Telecommunications Co'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.

Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio Chart

Shenandoah Telecommunications Co 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 3.08 1.66 2.05 1.06 0.89

Shenandoah Telecommunications Co 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 1.03 1.09 1.04 0.89 1.15

SHEN vs GLIBA, CCOI, OPTU: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Shenandoah Telecommunications Co'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.


Shenandoah Telecommunications Co Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


SHEN
60GF Score
Shenandoah Telecommunications Co SHEN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shenandoah Telecommunications Co 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.

Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.70/13.45
=0.94

* 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.

Shenandoah Telecommunications Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shenandoah Telecommunications Co'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)
=15.677/330.2130*330.2130
=15.677

Current CPI (Mar. 2026) = 330.2130.

Shenandoah Telecommunications Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.221 241.018 8.523
201609 6.098 241.428 8.341
201612 6.047 241.432 8.271
201703 6.099 243.801 8.261
201706 6.080 244.955 8.196
201709 6.076 246.819 8.129
201712 7.100 246.524 9.510
201803 8.245 249.554 10.910
201806 8.438 251.989 11.057
201809 8.979 252.439 11.745
201812 8.911 251.233 11.712
201903 9.081 254.202 11.796
201906 9.267 256.143 11.947
201909 9.544 256.759 12.274
201912 9.511 256.974 12.222
202003 9.643 258.115 12.337
202006 10.260 257.797 13.142
202009 10.996 260.280 13.950
202012 11.572 260.474 14.670
202103 12.694 264.877 15.825
202106 13.770 271.696 16.736
202109 12.984 274.310 15.630
202112 12.854 278.802 15.224
202203 12.874 287.504 14.786
202206 12.848 296.311 14.318
202209 12.825 296.808 14.268
202212 12.732 296.797 14.165
202303 12.792 301.836 13.995
202306 12.920 305.109 13.983
202309 13.019 307.789 13.968
202312 12.983 306.746 13.976
202403 17.278 312.332 18.267
202406 17.098 314.175 17.971
202409 16.956 315.301 17.758
202412 16.822 315.605 17.601
202503 16.598 319.799 17.139
202506 16.430 322.561 16.820
202509 16.261 324.800 16.532
202512 16.044 324.054 16.349
202603 15.677 330.213 15.677

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 0.94 mean?
Shenandoah Telecommunications Co (SHEN) has a Cyclically Adjusted PB Ratio of 0.94 as of Jul. 13, 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 Shenandoah Telecommunications Co and its competitors. This is 82% below median its historical median of 5.10. Over the past decade, Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio has ranged from 0.80 to 9.04. According to the industry distribution chart, Shenandoah Telecommunications Co ranks #86 out of 289 companies in the Telecommunication Services industry, placing it in the top 29.8%.
Is Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio too high?
Shenandoah Telecommunications Co's current Cyclically Adjusted PB Ratio of 0.94 is 82% below median its 10-year median of 5.10. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 9.04. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.83. Shenandoah Telecommunications Co's value of 0.94 is 48.6% below this industry median. Based on the distribution chart, Shenandoah Telecommunications Co ranks #86 out of 289 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Shenandoah Telecommunications Co has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shenandoah Telecommunications Co's Cyclically Adjusted PB Ratio compare to GLIBA and CCOI?
According to the Telecommunication Services industry distribution chart, Shenandoah Telecommunications Co ranks #86 out of 289 companies for Cyclically Adjusted PB Ratio. This puts Shenandoah Telecommunications Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.83. Shenandoah Telecommunications Co's value of 0.94 is 48.6% below this benchmark. Historically, Shenandoah Telecommunications Co's own Cyclically Adjusted PB Ratio has ranged from 0.80 to 9.04 over the past decade. While the company's 10-year median is 5.10 vs. the industry median of 1.83, Shenandoah Telecommunications Co has consistently been below 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 1.83, based on 289 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. Shenandoah Telecommunications Co's current Cyclically Adjusted PB Ratio of 0.94 is 48.6% below 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 Shenandoah Telecommunications Co and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenandoah Telecommunications Co's current Cyclically Adjusted PB Ratio is 0.94, which is 82% below median its own 10-year median of 5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenandoah Telecommunications Co stock overvalued right now?
Based on GuruFocus' analysis, Shenandoah Telecommunications Co (SHEN) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.34, compared to a current price of $12.70 — trading 22.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.94, which is 82% below median its 10-year median of 5.10 and 48.6% below the Telecommunication Services industry median of 1.83. Shenandoah Telecommunications Co's overall GF Score™ is 60/100 with 6 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 Shenandoah Telecommunications Co (SHEN), the current Cyclically Adjusted PB Ratio is 0.94 as of Jul. 13, 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 Shenandoah Telecommunications Co (SHEN) Overvalued in 2026?

Based on GuruFocus' analysis, Shenandoah Telecommunications Co stock appears to be undervalued. The current stock price of $12.70 is trading 22.3% below its estimated GF Value™ of $16.34. GuruFocus considers Shenandoah Telecommunications Co to be Modestly Undervalued.

Key valuation signals for SHEN:

  • Cyclically Adjusted PB Ratio: 0.94 (82% below median its 10-year median of 5.10)
  • GF Value™: $16.34 vs. price of $12.70 (22.3% below fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 48.6% below the Telecommunication Services median (#86 of 289)

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


Shenandoah Telecommunications Co Business Description

Address 500 Shentel Way, Edinburg, VA, USA, 22824
Shenandoah Telecommunications Co with its subsidiaries, provides various broadband communication products and services via its wireless, cable, fiber optic, and fixed wireless networks to customers in the Mid-Atlantic United States. The company operates through one business unit: Broadband. The broadband segment provides broadband Internet, video, and voice services to residential and commercial customers. The broadband segment generates the vast majority of the company's revenue, with the bulk of sales flowing from residential and small, and medium businesses within the broadband unit.
60GF 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.

$12.70
Price
$16.34
GF Value