Comcast (XSWX:CMCSA) Cyclically Adjusted PB Ratio: 1.09 (As of Jul. 16, 2026) — 62% Below Median

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XSWX:CMCSA Comcast Corp XSWX:CMCSA
65 GF Score
Price CHF19.16
GF Value CHF33.95
! 2 Warning Signs
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What is Comcast Cyclically Adjusted PB Ratio?

Comcast XSWX:CMCSA 65 Cyclically Adjusted PB Ratio is 1.09 as of Jul. 16, 2026, which is 62% below its 10-year median of 2.86. GuruFocus rates XSWX:CMCSA with a GF Score™ of 65/100 and a GF Value™ of CHF33.95. The stock has 2 warning signs investors should review. Among 289 Telecommunication Services companies, Comcast ranks better than 66.78% on this metric.

As of today (2026-07-16), Comcast's current share price is CHF19.164. Comcast's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was CHF17.56. Comcast's Cyclically Adjusted PB Ratio for today is 1.09.

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

XSWX:CMCSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.02   Med: 2.86   Max: 3.95
Current: 1.06

During the past years, Comcast's highest Cyclically Adjusted PB Ratio was 3.95. The lowest was 1.02. And the median was 2.86.

XSWX:CMCSA's Cyclically Adjusted PB Ratio is ranked better than
66.78% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.83 vs XSWX:CMCSA: 1.06

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.

Comcast's adjusted book value per share data for the three months ended in Mar. 2026 was CHF19.430. 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 CHF17.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Comcast  (XSWX:CMCSA) 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.


Comcast Cyclically Adjusted PB Ratio Related Terms


Comcast Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Comcast'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.

Comcast Cyclically Adjusted PB Ratio Chart

Comcast 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 3.04 1.91 2.23 1.79 1.32

Comcast 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 1.72 1.62 1.40 1.32 1.31

XSWX:CMCSA vs ECHO, CHTR, TIGO: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Comcast'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.


Comcast Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


XSWX:CMCSA
65GF Score
Comcast Corp XSWX:CMCSA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Comcast 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.164/17.56
=1.09

* 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.

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

For example, Comcast'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)
=19.43/330.2130*330.2130
=19.430

Current CPI (Mar. 2026) = 330.2130.

Comcast Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.693 241.018 14.650
201609 10.897 241.428 14.904
201612 10.806 241.432 14.780
201703 11.626 243.801 15.747
201706 11.298 244.955 15.230
201709 11.414 246.819 15.271
201712 14.582 246.524 19.532
201803 14.266 249.554 18.877
201806 15.275 251.989 20.017
201809 15.223 252.439 19.913
201812 15.695 251.233 20.629
201903 16.524 254.202 21.465
201906 16.706 256.143 21.537
201909 17.016 256.759 21.884
201912 17.853 256.974 22.941
202003 17.131 258.115 21.916
202006 17.412 257.797 22.303
202009 17.232 260.280 21.862
202012 17.518 260.474 22.208
202103 18.737 264.877 23.359
202106 18.777 271.696 22.821
202109 19.345 274.310 23.287
202112 19.523 278.802 23.123
202203 19.639 287.504 22.556
202206 20.099 296.311 22.399
202209 18.076 296.808 20.110
202212 17.868 296.797 19.880
202303 18.252 301.836 19.968
202306 18.329 305.109 19.837
202309 18.314 307.789 19.648
202312 17.976 306.746 19.351
202403 18.640 312.332 19.707
202406 19.163 314.175 20.141
202409 18.952 315.301 19.848
202412 20.140 315.605 21.072
202503 20.445 319.799 21.111
202506 21.298 322.561 21.803
202509 21.148 324.800 21.500
202512 21.425 324.054 21.832
202603 19.430 330.213 19.430

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 1.09 mean?
Comcast (XSWX:CMCSA) has a Cyclically Adjusted PB Ratio of 1.09 as of Jul. 16, 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 Comcast and its competitors. This is 62% below median its historical median of 2.86. Over the past decade, Comcast's Cyclically Adjusted PB Ratio has ranged from 1.02 to 3.95. According to the industry distribution chart, Comcast ranks #96 out of 289 companies in the Telecommunication Services industry, placing it in the top 33.2%.
Is Comcast's Cyclically Adjusted PB Ratio too high?
Comcast's current Cyclically Adjusted PB Ratio of 1.09 is 62% below median its 10-year median of 2.86. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 3.95. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.83. Comcast's value of 1.09 is 40.4% below this industry median. Based on the distribution chart, Comcast ranks #96 out of 289 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Comcast has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Comcast's Cyclically Adjusted PB Ratio compare to ECHO and CHTR?
According to the Telecommunication Services industry distribution chart, Comcast ranks #96 out of 289 companies for Cyclically Adjusted PB Ratio. This puts Comcast in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.83. Comcast's value of 1.09 is 40.4% below this benchmark. Historically, Comcast's own Cyclically Adjusted PB Ratio has ranged from 1.02 to 3.95 over the past decade. While the company's 10-year median is 2.86 vs. the industry median of 1.83, Comcast 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 1.83, 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. Comcast's current Cyclically Adjusted PB Ratio of 1.09 is 40.4% 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 Comcast 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. Comcast's current Cyclically Adjusted PB Ratio is 1.09, which is 62% below median its own 10-year median of 2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comcast stock overvalued right now?
Comcast (XSWX:CMCSA) has a current Cyclically Adjusted PB Ratio of 1.09. The stock's GF Value™ is CHF33.95, compared to a current price of CHF19.16 — trading 43.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.09, which is 62% below median its 10-year median of 2.86 and 40.4% below the Telecommunication Services industry median of 1.83. Comcast's overall GF Score™ is 65/100 with 2 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 Comcast (XSWX:CMCSA), the current Cyclically Adjusted PB Ratio is 1.09 as of Jul. 16, 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 Comcast (XSWX:CMCSA) Overvalued in 2026?

Based on GuruFocus' analysis, Comcast stock appears to be undervalued. The current stock price of CHF19.16 is trading 43.6% below its estimated GF Value™ of CHF33.95.

Key valuation signals for XSWX:CMCSA:

  • Cyclically Adjusted PB Ratio: 1.09 (62% below median its 10-year median of 2.86)
  • GF Value™: CHF33.95 vs. price of CHF19.16 (43.6% below fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 40.4% below the Telecommunication Services median (#96 of 289)

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


Comcast Business Description

Address One Comcast Center, Philadelphia, PA, USA, 19103-2838
Comcast is made up of three parts. The core cable business owns networks that provide television, internet access, and phone services to 65 million US homes and businesses, or nearly half of the country. The firm provides services to about half the locations in this territory. Comcast acquired NBCUniversal from General Electric in 2011. Following the spinoff of several cable networks, including CNBC, MSNBC, and USA, NBCU now consists of the NBC network, several local NBC affiliates, Bravo, the Peacock streaming platform, Universal Studios, and several theme parks. Finally, Sky, acquired in 2018, is a large television provider in the UK and Italy.
65GF Score

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

CHF19.16
Price
CHF33.95
GF Value