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Telefonica Brasil (Telefonica Brasil) Cyclically Adjusted PB Ratio : 0.84 (As of Apr. 30, 2024)


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What is Telefonica Brasil Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Telefonica Brasil's current share price is $9.28. Telefonica Brasil's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $11.10. Telefonica Brasil's Cyclically Adjusted PB Ratio for today is 0.84.

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

VIV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 0.93   Max: 1.54
Current: 0.88

During the past years, Telefonica Brasil's highest Cyclically Adjusted PB Ratio was 1.54. The lowest was 0.68. And the median was 0.93.

VIV's Cyclically Adjusted PB Ratio is ranked better than
66.79% of 280 companies
in the Telecommunication Services industry
Industry Median: 1.435 vs VIV: 0.88

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.

Telefonica Brasil's adjusted book value per share data for the three months ended in Dec. 2023 was $8.591. 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 $11.10 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telefonica Brasil Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Telefonica Brasil'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.

* Premium members only.

Telefonica Brasil Cyclically Adjusted PB Ratio Chart

Telefonica Brasil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 0.92 0.90 0.71 0.99

Telefonica Brasil Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 0.75 0.71 0.79 0.79 0.99

Competitive Comparison of Telefonica Brasil's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Telefonica Brasil'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.


Telefonica Brasil's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

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



Telefonica Brasil 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.

Telefonica Brasil's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.28/11.1
=0.84

* 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.

Telefonica Brasil's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Telefonica Brasil's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=8.591/156.2729*156.2729
=8.591

Current CPI (Dec. 2023) = 156.2729.

Telefonica Brasil Quarterly Data

Book Value per Share CPI Adj_Book
201312 15.876 88.522 28.027
201403 15.883 90.447 27.442
201406 17.279 91.838 29.402
201409 16.603 92.602 28.019
201412 14.781 94.194 24.523
201503 11.942 97.799 19.082
201506 12.773 100.006 19.959
201509 10.226 101.392 15.761
201512 10.463 104.247 15.685
201603 11.096 106.979 16.209
201606 11.818 108.851 16.967
201609 12.499 109.986 17.759
201612 12.226 110.802 17.243
201703 13.213 111.869 18.458
201706 12.338 112.115 17.198
201709 13.141 112.777 18.209
201712 12.484 114.068 17.103
201803 12.718 114.868 17.302
201806 11.162 117.038 14.904
201809 10.300 117.881 13.654
201812 10.919 118.340 14.419
201903 11.139 120.124 14.491
201906 10.700 120.977 13.822
201909 10.150 121.292 13.077
201912 10.165 123.436 12.869
202003 8.631 124.092 10.869
202006 7.903 123.557 9.996
202009 7.660 125.095 9.569
202012 8.009 129.012 9.701
202103 7.368 131.660 8.745
202106 8.120 133.871 9.479
202109 7.823 137.913 8.864
202112 7.374 141.992 8.116
202203 8.412 146.537 8.971
202206 8.067 149.784 8.416
202209 7.903 147.800 8.356
202212 7.839 150.207 8.156
202306 8.529 154.519 8.626
202309 8.467 155.464 8.511
202312 8.591 156.273 8.591

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.


Telefonica Brasil  (NYSE:VIV) 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.


Telefonica Brasil Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Telefonica Brasil's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Telefonica Brasil (Telefonica Brasil) Business Description

Traded in Other Exchanges
Address
Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936
Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 98 million customers, equal to about 40% market share. The firm is strongest in the postpaid business, where it has 60 million customers, about 42% share of this market. It is the incumbent fixed-line telephone operator in Sao Paulo state and, following the acquisition of GVT, the owner of an extensive fiber network across the country. The firm provides internet access to 6 million households on this network. Following its parent Telefonica's footsteps, Vivo is cross-selling fixed-line and wireless services as a converged offering. The firm also sells pay-tv services to its fixed-line customers.

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