SWZCF (Swisscom AG) Cyclically Adjusted PB Ratio: 3.15 (As of Jul. 14, 2026) — 22% Below Median

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SWZCF Swisscom AG SWZCF
65 GF Score
Price $783.26
GF Value $883.02
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Swisscom AG Cyclically Adjusted PB Ratio?

Swisscom AG SWZCF +5.47% 65 Cyclically Adjusted PB Ratio is 3.15 as of Jul. 14, 2026, which is 22% below its 10-year median of 4.03. GuruFocus rates SWZCF with a GF Score™ of 65/100 and a GF Value™ of $883.02 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 289 Telecommunication Services companies, Swisscom AG ranks worse than 70.59% on this metric.

As of today (2026-07-14), Swisscom AG's current share price is $783.258. Swisscom AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $248.37. Swisscom AG's Cyclically Adjusted PB Ratio for today is 3.15.

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

SWZCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.85   Med: 4.03   Max: 5.07
Current: 3.21

During the past years, Swisscom AG's highest Cyclically Adjusted PB Ratio was 5.07. The lowest was 2.85. And the median was 4.03.

SWZCF's Cyclically Adjusted PB Ratio is ranked worse than
70.59% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.83 vs SWZCF: 3.21

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.

Swisscom AG's adjusted book value per share data for the three months ended in Mar. 2026 was $273.614. 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 $248.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swisscom AG  (OTCPK:SWZCF) 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.


Swisscom AG Cyclically Adjusted PB Ratio Related Terms


Swisscom AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Swisscom AG'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.

Swisscom AG Cyclically Adjusted PB Ratio Chart

Swisscom AG 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 3.87 3.40 3.11 2.88 3.06

Swisscom AG 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 2.83 3.07 3.10 3.06 3.46

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

For the Telecom Services subindustry, Swisscom AG'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.


Swisscom AG Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


SWZCF
65GF Score
Swisscom AG SWZCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Swisscom AG 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.

Swisscom AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=783.258/248.37
=3.15

* 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.

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

For example, Swisscom AG'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)
=273.614/108.0600*108.0600
=273.614

Current CPI (Mar. 2026) = 108.0600.

Swisscom AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 84.767 100.088 91.519
201609 90.194 99.604 97.851
201612 123.360 99.380 134.135
201703 132.909 100.040 143.564
201706 130.370 100.285 140.477
201709 143.564 100.254 154.743
201712 149.740 100.213 161.465
201803 171.254 100.836 183.524
201806 150.105 101.435 159.909
201809 166.049 101.246 177.225
201812 160.035 100.906 171.381
201903 161.824 101.571 172.163
201906 154.122 102.044 163.208
201909 155.646 101.396 165.876
201912 174.300 101.063 186.367
202003 182.196 101.048 194.840
202006 167.190 100.743 179.333
202009 181.881 100.585 195.398
202012 206.211 100.241 222.297
202103 217.189 100.800 232.832
202106 213.882 101.352 228.038
202109 220.447 101.533 234.619
202112 226.600 101.776 240.592
202203 233.857 103.205 244.858
202206 207.289 104.783 213.772
202209 213.463 104.835 220.030
202212 231.419 104.666 238.923
202303 243.874 106.245 248.041
202306 234.207 106.576 237.469
202309 243.557 106.570 246.963
202312 259.340 106.461 263.235
202403 264.603 107.355 266.341
202406 250.018 107.991 250.178
202409 271.290 107.468 272.785
202412 263.150 107.128 265.439
202503 275.232 107.722 276.095
202506 275.226 108.075 275.188
202509 290.304 107.710 291.247
202512 296.480 107.200 298.858
202603 273.614 108.060 273.614

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 3.15 mean?
Swisscom AG (SWZCF) has a Cyclically Adjusted PB Ratio of 3.15 as of Jul. 14, 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 Swisscom AG and its competitors. This is 22% below median its historical median of 4.03. Over the past decade, Swisscom AG's Cyclically Adjusted PB Ratio has ranged from 2.85 to 5.07. According to the industry distribution chart, Swisscom AG ranks #204 out of 289 companies in the Telecommunication Services industry, placing it in the top 70.6%.
Is Swisscom AG's Cyclically Adjusted PB Ratio too high?
Swisscom AG's current Cyclically Adjusted PB Ratio of 3.15 is 22% below median its 10-year median of 4.03. Over the past 10 years, this metric has ranged from a low of 2.85 to a high of 5.07. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.83. Swisscom AG's value of 3.15 is 72.1% above this industry median. Based on the distribution chart, Swisscom AG ranks #204 out of 289 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Swisscom AG has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Swisscom AG's Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Swisscom AG ranks #204 out of 289 companies for Cyclically Adjusted PB Ratio. This places Swisscom AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.83. Swisscom AG's value of 3.15 is 72.1% above this benchmark. Historically, Swisscom AG's own Cyclically Adjusted PB Ratio has ranged from 2.85 to 5.07 over the past decade. While the company's 10-year median is 4.03 vs. the industry median of 1.83, Swisscom AG 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 1.83, 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. Swisscom AG's current Cyclically Adjusted PB Ratio of 3.15 is 72.1% 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 Swisscom AG 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. Swisscom AG's current Cyclically Adjusted PB Ratio is 3.15, which is 22% below median its own 10-year median of 4.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swisscom AG stock overvalued right now?
Based on GuruFocus' analysis, Swisscom AG (SWZCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $883.02, compared to a current price of $783.26 — trading 11.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.15, which is 22% below median its 10-year median of 4.03 and 72.1% above the Telecommunication Services industry median of 1.83. Swisscom AG's overall GF Score™ is 65/100 with 5 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 Swisscom AG (SWZCF), the current Cyclically Adjusted PB Ratio is 3.15 as of Jul. 14, 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 Swisscom AG (SWZCF) Overvalued in 2026?

Based on GuruFocus' analysis, Swisscom AG stock appears to be undervalued. The current stock price of $783.26 is trading 11.3% below its estimated GF Value™ of $883.02. GuruFocus considers Swisscom AG to be Modestly Undervalued.

Key valuation signals for SWZCF:

  • Cyclically Adjusted PB Ratio: 3.15 (22% below median its 10-year median of 4.03)
  • GF Value™: $883.02 vs. price of $783.26 (11.3% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 72.1% above the Telecommunication Services median (#204 of 289)

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


Swisscom AG Business Description

Address Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, 3050
Swisscom is the incumbent telecom operator in Switzerland, with a very high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. In 2024, Swisscom acquired Vodafone Italia in a deal worth EUR 8 billion.
65GF Score

Get the complete analysis for SWZCF

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

$783.26
Price
$883.02
GF Value