Cogeco Communications (TSX:CCA) Cyclically Adjusted PB Ratio: 1.00 (As of Jul. 27, 2026) — 57% Below Median

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TSX:CCA Cogeco Communications Inc TSX:CCA
79 GF Score
Price C$60.82
GF Value C$63.14
Valuation Fairly Valued
! 8 Warning Signs
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What is Cogeco Communications Cyclically Adjusted PB Ratio?

Cogeco Communications TSX:CCA +0.26% 79 Cyclically Adjusted PB Ratio is 1.00 as of Jul. 27, 2026, which is 57% below its 10-year median of 2.32. GuruFocus rates TSX:CCA with a GF Score™ of 79/100 and a GF Value™ of C$63.14 (Fairly Valued). The stock has 8 warning signs investors should review. Among 288 Telecommunication Services companies, Cogeco Communications ranks better than 67.36% on this metric.

As of today (2026-07-27), Cogeco Communications's current share price is C$60.82. Cogeco Communications's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was C$60.61. Cogeco Communications's Cyclically Adjusted PB Ratio for today is 1.00.

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

TSX:CCA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.99   Med: 2.32   Max: 3.64
Current: 1

During the past years, Cogeco Communications's highest Cyclically Adjusted PB Ratio was 3.64. The lowest was 0.99. And the median was 2.32.

TSX:CCA's Cyclically Adjusted PB Ratio is ranked better than
67.36% of 288 companies
in the Telecommunication Services industry
Industry Median: 1.78 vs TSX:CCA: 1.00

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.

Cogeco Communications's adjusted book value per share data for the three months ended in May. 2026 was C$44.027. 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 C$60.61 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cogeco Communications  (TSX:CCA) 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.


Cogeco Communications Cyclically Adjusted PB Ratio Related Terms


Cogeco Communications Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cogeco Communications'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.

Cogeco Communications Cyclically Adjusted PB Ratio Chart

Cogeco Communications Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.01 1.82 1.36 1.21 1.12

Cogeco Communications Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1.22 1.12 1.17 1.22 1.11

TSX:CCA vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Cogeco Communications'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.


Cogeco Communications Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


TSX:CCA
79GF Score
Cogeco Communications Inc TSX:CCA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cogeco Communications 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.

Cogeco Communications's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.82/60.61
=1.00

* 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.

Cogeco Communications's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Cogeco Communications's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=44.027/134.0005*134.0005
=44.027

Current CPI (May. 2026) = 134.0005.

Cogeco Communications Quarterly Data

Book Value per Share CPI Adj_Book
201608 27.953 101.686 36.836
201611 29.129 101.607 38.416
201702 30.339 102.476 39.672
201705 31.539 103.108 40.989
201708 32.305 103.108 41.984
201711 33.459 103.740 43.219
201802 37.729 104.688 48.293
201805 38.653 105.399 49.142
201808 40.294 106.031 50.923
201811 41.414 105.478 52.613
201902 42.049 106.268 53.022
201905 44.078 107.927 54.726
201908 44.522 108.085 55.197
201911 45.681 107.769 56.800
202002 46.323 108.559 57.179
202005 47.229 107.532 58.854
202008 47.331 108.243 58.594
202011 48.879 108.796 60.202
202102 49.800 109.745 60.807
202105 49.720 111.404 59.805
202108 51.555 112.668 61.316
202111 53.263 113.932 62.645
202202 55.268 115.986 63.852
202205 57.352 120.016 64.035
202208 60.103 120.569 66.799
202211 62.843 121.675 69.209
202302 64.408 122.070 70.703
202305 65.326 124.045 70.569
202308 66.786 125.389 71.373
202311 67.744 125.468 72.351
202402 69.935 125.468 74.691
202405 70.864 127.601 74.418
202408 70.905 127.838 74.323
202411 73.678 127.838 77.230
202502 75.437 128.786 78.491
202505 74.240 129.813 76.635
202508 75.054 130.208 77.240
202511 76.837 130.682 78.788
202602 76.670 131.077 78.380
202605 44.027 134.001 44.027

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 1.00 mean?
Cogeco Communications (TSX:CCA) has a Cyclically Adjusted PB Ratio of 1.00 as of Jul. 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 Cogeco Communications and its competitors. This is 57% below median its historical median of 2.32. Over the past decade, Cogeco Communications' Cyclically Adjusted PB Ratio has ranged from 0.99 to 3.64. According to the industry distribution chart, Cogeco Communications ranks #94 out of 288 companies in the Telecommunication Services industry, placing it in the top 32.6%.
Is Cogeco Communications' Cyclically Adjusted PB Ratio too high?
Cogeco Communications' current Cyclically Adjusted PB Ratio of 1.00 is 57% below median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 3.64. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.78. Cogeco Communications' value of 1.00 is 43.8% below this industry median. Based on the distribution chart, Cogeco Communications ranks #94 out of 288 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Cogeco Communications has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cogeco Communications' Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Cogeco Communications ranks #94 out of 288 companies for Cyclically Adjusted PB Ratio. This puts Cogeco Communications in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Cogeco Communications' value of 1.00 is 43.8% below this benchmark. Historically, Cogeco Communications' own Cyclically Adjusted PB Ratio has ranged from 0.99 to 3.64 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 1.78, Cogeco Communications 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 1.78, based on 288 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. Cogeco Communications's current Cyclically Adjusted PB Ratio of 1.00 is 43.8% 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 Cogeco Communications and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cogeco Communications's current Cyclically Adjusted PB Ratio is 1.00, which is 57% below median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cogeco Communications stock overvalued right now?
Based on GuruFocus' analysis, Cogeco Communications (TSX:CCA) is currently considered Fairly Valued. The stock's GF Value™ is C$63.14, compared to a current price of C$60.82 — trading 3.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.00, which is 57% below median its 10-year median of 2.32 and 43.8% below the Telecommunication Services industry median of 1.78. Cogeco Communications' overall GF Score™ is 79/100 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 Cogeco Communications (TSX:CCA), the current Cyclically Adjusted PB Ratio is 1.00 as of Jul. 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 Cogeco Communications (TSX:CCA) Overvalued in 2026?

Based on GuruFocus' analysis, Cogeco Communications stock appears to be undervalued. The current stock price of C$60.82 is trading 3.7% below its estimated GF Value™ of C$63.14. GuruFocus considers Cogeco Communications to be Fairly Valued.

Key valuation signals for TSX:CCA:

  • Cyclically Adjusted PB Ratio: 1.00 (57% below median its 10-year median of 2.32)
  • GF Value™: C$63.14 vs. price of C$60.82 (3.7% below fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 43.8% below the Telecommunication Services median (#94 of 288)

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


Cogeco Communications Business Description

Other Exchanges CGEAF:USACOG:Germany
Address 1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3
Cogeco Communications is a telecom service provider in Canada and the US, specifically in rural and suburban geographies. It offers wireline services such as broadband internet, TV, and landline phone services. In Canada, the firm operates under its Cogeco Connexion and Oxio brands, reaching roughly 2.1 million homes and businesses throughout Ontario and Quebec. In the US, Cogeco operates under its Breezeline brand throughout the East Coast, Pennsylvania, and Ohio, reaching 1.8 million homes and businesses. Cogeco is expanding its offerings to include consumer wireless services, operating as a mobile virtual network operator.
79GF Score

Get the complete analysis for TSX:CCA

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

C$60.82
Price
C$63.14
GF Value