VODAF (Vodacom Group) Cyclically Adjusted PB Ratio: 2.75 (As of Jul. 14, 2026) — 38% Below Median

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VODAF Vodacom Group Ltd VODAF
78 GF Score
Price $8.98
GF Value $8.91
Valuation Fairly Valued
! 5 Warning Signs
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What is Vodacom Group Cyclically Adjusted PB Ratio?

Vodacom Group VODAF 78 Cyclically Adjusted PB Ratio is 2.75 as of Jul. 14, 2026, which is 38% below its 10-year median of 4.41. GuruFocus rates VODAF with a GF Score™ of 78/100 and a GF Value™ of $8.91 (Fairly Valued). The stock has 5 warning signs investors should review. Among 289 Telecommunication Services companies, Vodacom Group ranks worse than 66.09% on this metric.

As of today (2026-07-14), Vodacom Group's current share price is $8.98. Vodacom Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was $3.27. Vodacom Group's Cyclically Adjusted PB Ratio for today is 2.75.

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

VODAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.95   Med: 4.41   Max: 11.68
Current: 2.91

During the past 13 years, Vodacom Group's highest Cyclically Adjusted PB Ratio was 11.68. The lowest was 1.95. And the median was 4.41.

VODAF's Cyclically Adjusted PB Ratio is ranked worse than
66.09% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.83 vs VODAF: 2.91

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.

Vodacom Group's adjusted book value per share data of for the fiscal year that ended in Mar26 was $2.861. 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 $3.27 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vodacom Group  (OTCPK:VODAF) 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.


Vodacom Group Cyclically Adjusted PB Ratio Related Terms


Vodacom Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vodacom Group'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.

Vodacom Group Cyclically Adjusted PB Ratio Chart

Vodacom Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.44 2.99 2.18 2.57 2.75

Vodacom Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 2.18 0.00 2.57 0.00 2.75

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

For the Telecom Services subindustry, Vodacom Group'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.


Vodacom Group Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


VODAF
78GF Score
Vodacom Group Ltd VODAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Vodacom Group 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.

Vodacom Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.98/3.27
=2.75

* 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.

Vodacom Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Vodacom Group's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=2.861/164.7700*164.7700
=2.861

Current CPI (Mar26) = 164.7700.

Vodacom Group Annual Data

Book Value per Share CPI Adj_Book
201703 1.269 111.400 1.877
201803 3.202 115.542 4.566
201903 3.190 120.774 4.352
202003 3.239 125.679 4.246
202103 3.130 129.628 3.979
202203 3.136 137.594 3.755
202303 2.432 147.586 2.715
202403 2.543 155.483 2.695
202503 2.608 159.728 2.690
202603 2.861 164.770 2.861

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 2.75 mean?
Vodacom Group (VODAF) has a Cyclically Adjusted PB Ratio of 2.75 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 Vodacom Group and its competitors. This is 38% below median its historical median of 4.41. Over the past decade, Vodacom Group's Cyclically Adjusted PB Ratio has ranged from 1.95 to 11.68. According to the industry distribution chart, Vodacom Group ranks #191 out of 289 companies in the Telecommunication Services industry, placing it in the top 66.1%.
Is Vodacom Group's Cyclically Adjusted PB Ratio too high?
Vodacom Group's current Cyclically Adjusted PB Ratio of 2.75 is 38% below median its 10-year median of 4.41. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 11.68. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.83. Vodacom Group's value of 2.75 is 50.3% above this industry median. Based on the distribution chart, Vodacom Group ranks #191 out of 289 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Vodacom Group has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vodacom Group's Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Vodacom Group ranks #191 out of 289 companies for Cyclically Adjusted PB Ratio. This places Vodacom Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.83. Vodacom Group's value of 2.75 is 50.3% above this benchmark. Historically, Vodacom Group's own Cyclically Adjusted PB Ratio has ranged from 1.95 to 11.68 over the past decade. While the company's 10-year median is 4.41 vs. the industry median of 1.83, Vodacom Group 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. Vodacom Group's current Cyclically Adjusted PB Ratio of 2.75 is 50.3% 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 Vodacom Group 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. Vodacom Group's current Cyclically Adjusted PB Ratio is 2.75, which is 38% below median its own 10-year median of 4.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodacom Group stock overvalued right now?
Based on GuruFocus' analysis, Vodacom Group (VODAF) is currently considered Fairly Valued. The stock's GF Value™ is $8.91, compared to a current price of $8.98 — trading 0.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.75, which is 38% below median its 10-year median of 4.41 and 50.3% above the Telecommunication Services industry median of 1.83. Vodacom Group's overall GF Score™ is 78/100 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 Vodacom Group (VODAF), the current Cyclically Adjusted PB Ratio is 2.75 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 Vodacom Group (VODAF) Overvalued in 2026?

Based on GuruFocus' analysis, Vodacom Group stock appears to be overvalued. The current stock price of $8.98 is trading 0.8% above its estimated GF Value™ of $8.91. GuruFocus considers Vodacom Group to be Fairly Valued.

Key valuation signals for VODAF:

  • Cyclically Adjusted PB Ratio: 2.75 (38% below median its 10-year median of 4.41)
  • GF Value™: $8.91 vs. price of $8.98 (0.8% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 50.3% above the Telecommunication Services median (#191 of 289)

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


Vodacom Group Business Description

Address 082 Vodacom Boulevard, Vodacom Corporate Park, Midrand, Johannesburg, GT, ZAF, 1685
Vodacom Group Ltd is a telecommunications provider. It is engaged in the provision of a wide range of communications products and services including but not limited to voice, messaging, converged services, broadband, data connectivity, mobile financial services and other value added services. Its segments includes South Africa comprises the information relating to the South African-based cellular network and other business segments. Egypt comprises the information relating to the Egyptian-based cellular network and other business segments. International comprises the segment information relating to the non-South African-based cellular networks in Tanzania, Mozambique, Lesotho and the Democratic Republic of Congo. It generates majority of revenue from South Africa.
78GF Score

Get the complete analysis for VODAF

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

$8.98
Price
$8.91
GF Value