Telestrada (WAR:TLS) Cyclically Adjusted PB Ratio: 1.84 (As of Jul. 12, 2026) — Near Median


WAR:TLS Telestrada SA WAR:TLS
85 GF Score
Price zł25.40
GF Value zł20.47
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Telestrada Cyclically Adjusted PB Ratio?

Telestrada WAR:TLS 85 Cyclically Adjusted PB Ratio is 1.84 as of Jul. 12, 2026, which is at its 10-year median of 1.84. GuruFocus rates WAR:TLS with a GF Score™ of 85/100 and a GF Value™ of zł20.47 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 290 Telecommunication Services companies, Telestrada ranks worse than 51.03% on this metric.

As of today (2026-07-12), Telestrada's current share price is zł25.40. Telestrada's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł13.78. Telestrada's Cyclically Adjusted PB Ratio for today is 1.84.

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

WAR:TLS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.36   Med: 1.84   Max: 4.03
Current: 1.84

During the past years, Telestrada's highest Cyclically Adjusted PB Ratio was 4.03. The lowest was 1.36. And the median was 1.84.

WAR:TLS's Cyclically Adjusted PB Ratio is ranked worse than
51.03% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.845 vs WAR:TLS: 1.84

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.

Telestrada's adjusted book value per share data for the three months ended in Mar. 2026 was zł18.372. 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 zł13.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telestrada  (WAR:TLS) 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.


Telestrada Cyclically Adjusted PB Ratio Related Terms


Telestrada Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Telestrada'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.

Telestrada Cyclically Adjusted PB Ratio Chart

Telestrada 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 3.07 1.52 1.51 1.58 1.81

Telestrada 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 1.50 1.74 1.60 1.81 1.76

WAR:TLS vs TMUS, VZ, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Telestrada'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.


Telestrada Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


WAR:TLS
85GF Score
Telestrada SA WAR:TLS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telestrada 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.

Telestrada's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.40/13.78
=1.84

* 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.

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

For example, Telestrada'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)
=18.372/163.0700*163.0700
=18.372

Current CPI (Mar. 2026) = 163.0700.

Telestrada Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.202 99.552 6.883
201609 4.953 99.064 8.153
201612 5.061 100.366 8.223
201703 5.990 101.018 9.670
201706 5.168 101.180 8.329
201709 6.110 101.343 9.832
201712 6.647 102.564 10.568
201803 7.425 102.564 11.805
201806 6.128 103.378 9.666
201809 6.648 103.378 10.487
201812 7.956 103.785 12.501
201903 8.772 104.274 13.718
201906 7.325 105.983 11.271
201909 7.908 105.983 12.168
201912 8.445 107.123 12.856
202003 9.062 109.076 13.548
202006 9.768 109.402 14.560
202009 10.168 109.320 15.167
202012 8.831 109.565 13.144
202103 10.346 112.658 14.976
202106 14.299 113.960 20.461
202109 15.500 115.588 21.867
202112 13.164 119.088 18.026
202203 13.927 125.031 18.164
202206 12.459 131.705 15.426
202209 9.557 135.531 11.499
202212 16.144 139.113 18.924
202303 16.701 145.950 18.660
202306 16.927 147.009 18.776
202309 17.250 146.113 19.252
202312 9.458 147.741 10.439
202403 9.863 149.044 10.791
202406 10.804 150.997 11.668
202409 11.998 153.439 12.751
202412 13.208 154.660 13.926
202503 14.352 157.021 14.905
202506 14.886 157.509 15.412
202509 16.308 158.000 16.831
202512 17.154 158.320 17.669
202603 18.372 163.070 18.372

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 1.84 mean?
Telestrada (WAR:TLS) has a Cyclically Adjusted PB Ratio of 1.84 as of Jul. 12, 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 Telestrada and its competitors. This is near median its historical median of 1.84. Over the past decade, Telestrada's Cyclically Adjusted PB Ratio has ranged from 1.36 to 4.03. According to the industry distribution chart, Telestrada ranks #148 out of 290 companies in the Telecommunication Services industry, placing it in the top 51%.
Is Telestrada's Cyclically Adjusted PB Ratio too high?
Telestrada's current Cyclically Adjusted PB Ratio of 1.84 is near median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 4.03. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.85. Telestrada's value of 1.84 is 0.3% below this industry median. Based on the distribution chart, Telestrada ranks #148 out of 290 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telestrada has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telestrada's Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telestrada ranks #148 out of 290 companies for Cyclically Adjusted PB Ratio. This places Telestrada in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. Telestrada's value of 1.84 is 0.3% below this benchmark. Historically, Telestrada's own Cyclically Adjusted PB Ratio has ranged from 1.36 to 4.03 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.85, Telestrada 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 1.85, based on 290 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. Telestrada's current Cyclically Adjusted PB Ratio of 1.84 is 0.3% 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 Telestrada and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telestrada's current Cyclically Adjusted PB Ratio is 1.84, which is near median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telestrada stock overvalued right now?
Based on GuruFocus' analysis, Telestrada (WAR:TLS) is currently considered Modestly Overvalued. The stock's GF Value™ is zł20.47, compared to a current price of zł25.40 — trading 24.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.84, which is near median its 10-year median of 1.84 and 0.3% below the Telecommunication Services industry median of 1.85. Telestrada's overall GF Score™ is 85/100 with 3 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 Telestrada (WAR:TLS), the current Cyclically Adjusted PB Ratio is 1.84 as of Jul. 12, 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 Telestrada (WAR:TLS) Overvalued in 2026?

Based on GuruFocus' analysis, Telestrada stock appears to be overvalued. The current stock price of zł25.40 is trading 24.1% above its estimated GF Value™ of zł20.47. GuruFocus considers Telestrada to be Modestly Overvalued.

Key valuation signals for WAR:TLS:

  • Cyclically Adjusted PB Ratio: 1.84 (near median its 10-year median of 1.84)
  • GF Value™: zł20.47 vs. price of zł25.40 (24.1% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 0.3% below the Telecommunication Services median (#148 of 290)

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


Telestrada Business Description

Address st. Pulawska 182, IO-1 Building, 9th floor, Warszawa, POL, 02-670
Telestrada SA is a Poland-based company that is engaged in the telecommunication sector. It provides fixed-line and preselecting telephony services, as well as Internet connections, such as asymmetric digital subscriber line (ADSL) and integrated services digital network (ISDN). The company also offers installation services of switchboards and telecommunication networks.
85GF Score

Get the complete analysis for WAR:TLS

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

zł25.40
Price
zł20.47
GF Value