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VIV (Telefonica Brasil) Cyclically Adjusted PB Ratio : 0.86 (As of May. 10, 2025)


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What is Telefonica Brasil Cyclically Adjusted PB Ratio?

As of today (2025-05-10), Telefonica Brasil's current share price is $9.90. Telefonica Brasil's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $11.57. Telefonica Brasil's Cyclically Adjusted PB Ratio for today is 0.86.

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: 0.48   Med: 0.64   Max: 0.83
Current: 0.78

During the past years, Telefonica Brasil's highest Cyclically Adjusted PB Ratio was 0.83. The lowest was 0.48. And the median was 0.64.

VIV's Cyclically Adjusted PB Ratio is ranked better than
74.18% of 275 companies
in the Telecommunication Services industry
Industry Median: 1.5 vs VIV: 0.78

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. 2024 was $7.026. 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 $11.57 for the trailing ten years ended in Dec. 2024.

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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.62 0.50 0.72 0.65

Telefonica Brasil Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.72 0.69 0.62 0.77 0.65

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.


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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
=9.90/11.57
=0.86

* 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. 2024 is calculated as:

For example, Telefonica Brasil's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=7.026/164.7402*164.7402
=7.026

Current CPI (Dec. 2024) = 164.7402.

Telefonica Brasil Quarterly Data

Book Value per Share CPI Adj_Book
201503 17.941 97.799 30.221
201506 19.105 100.006 31.472
201509 15.295 101.392 24.851
201512 15.649 104.247 24.730
201603 16.597 106.979 25.558
201606 17.676 108.851 26.752
201609 18.694 109.986 28.000
201612 18.286 110.802 27.188
201703 19.762 111.869 29.102
201706 18.453 112.115 27.115
201709 19.655 112.777 28.711
201712 18.672 114.068 26.967
201803 19.023 114.868 27.282
201806 16.695 117.038 23.500
201809 15.405 117.881 21.529
201812 16.332 118.340 22.736
201903 16.661 120.124 22.849
201906 16.004 120.977 21.793
201909 15.182 121.292 20.620
201912 15.204 123.436 20.292
202003 12.909 124.092 17.138
202006 11.820 123.557 15.760
202009 11.457 125.095 15.088
202012 8.009 129.012 10.227
202103 7.368 131.660 9.219
202106 8.121 133.871 9.994
202109 7.823 137.913 9.345
202112 7.374 141.992 8.555
202203 8.412 146.537 9.457
202206 8.067 149.784 8.873
202209 7.903 147.800 8.809
202212 7.839 150.207 8.597
202303 0.000 153.352 0.000
202306 8.529 154.519 9.093
202309 8.467 155.464 8.972
202312 8.591 157.148 9.006
202403 8.344 159.372 8.625
202406 7.788 161.052 7.966
202409 7.635 162.342 7.748
202412 7.026 164.740 7.026

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 Business Description

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 100 million customers, which is equal to about 39% market share. The firm is strongest in the postpaid business, where it has 65 million customers, or about 41% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo 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 7 million households on this network. The firm also sells pay-tv and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 8% of total revenue.

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