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Bezeq The Israeli Telecommunication (XTAE:BEZQ) Cyclically Adjusted PB Ratio : 6.28 (As of Jun. 23, 2024)


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What is Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio?

As of today (2024-06-23), Bezeq The Israeli Telecommunication's current share price is ₪4.147. Bezeq The Israeli Telecommunication's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₪0.66. Bezeq The Israeli Telecommunication's Cyclically Adjusted PB Ratio for today is 6.28.

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

XTAE:BEZQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.82   Med: 7.11   Max: 9.2
Current: 6.39

During the past years, Bezeq The Israeli Telecommunication's highest Cyclically Adjusted PB Ratio was 9.20. The lowest was 1.82. And the median was 7.11.

XTAE:BEZQ's Cyclically Adjusted PB Ratio is ranked worse than
92.04% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.44 vs XTAE:BEZQ: 6.39

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.

Bezeq The Israeli Telecommunication's adjusted book value per share data for the three months ended in Mar. 2024 was ₪0.903. 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 ₪0.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bezeq The Israeli Telecommunication'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.

Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio Chart

Bezeq The Israeli Telecommunication 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 2.53 3.90 7.83 9.02 7.64

Bezeq The Israeli Telecommunication Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.34 6.85 8.14 7.64 7.20

Competitive Comparison of Bezeq The Israeli Telecommunication's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Bezeq The Israeli Telecommunication'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.


Bezeq The Israeli Telecommunication's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

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



Bezeq The Israeli Telecommunication 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.

Bezeq The Israeli Telecommunication's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.147/0.66
=6.28

* 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.

Bezeq The Israeli Telecommunication's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bezeq The Israeli Telecommunication's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.903/131.7762*131.7762
=0.903

Current CPI (Mar. 2024) = 131.7762.

Bezeq The Israeli Telecommunication Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.054 100.560 1.381
201409 0.740 100.428 0.971
201412 0.890 99.070 1.184
201503 1.065 99.621 1.409
201506 0.939 100.684 1.229
201509 0.737 100.392 0.967
201512 0.873 99.792 1.153
201603 0.974 100.470 1.277
201606 0.831 101.688 1.077
201609 0.733 101.861 0.948
201612 0.797 101.863 1.031
201703 0.925 102.862 1.185
201706 0.841 103.349 1.072
201709 0.697 104.136 0.882
201712 0.775 104.011 0.982
201803 0.877 105.290 1.098
201806 0.816 106.317 1.011
201809 0.785 106.507 0.971
201812 0.157 105.998 0.195
201903 0.270 107.251 0.332
201906 -0.302 108.070 -0.368
201909 -0.247 108.329 -0.300
201912 -0.337 108.420 -0.410
202003 -0.125 108.902 -0.151
202006 -0.031 108.767 -0.038
202009 -0.118 109.815 -0.142
202012 -0.054 109.897 -0.065
202103 0.104 111.754 0.123
202106 0.214 114.631 0.246
202109 0.322 115.734 0.367
202112 0.396 117.630 0.444
202203 0.513 121.301 0.557
202206 0.537 125.017 0.566
202209 0.547 125.227 0.576
202212 0.587 125.222 0.618
202303 0.701 127.348 0.725
202306 0.735 128.729 0.752
202309 0.702 129.860 0.712
202312 0.794 129.419 0.808
202403 0.903 131.776 0.903

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.


Bezeq The Israeli Telecommunication  (XTAE:BEZQ) 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.


Bezeq The Israeli Telecommunication Cyclically Adjusted PB Ratio Related Terms

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Bezeq The Israeli Telecommunication (XTAE:BEZQ) Business Description

Traded in Other Exchanges
Address
132 Menachem Begin Avenue, Azrieli Center, (Triangle Tower), 27th Floor, Tel Aviv, ISR, 61620
Bezeq The Israeli Telecommunication Corp Ltd is a triple-play telecommunications company. The company generates revenue through the provision of mobile, broadband, and data. It operates through four business segments: Bezeq, Pelephone, Bezeq International, and DBS Satellite Services. The Bezeq segment generates revenue from fixed-line communications and contributes the majority of overall company revenue. Pelephone derives revenue from the provision of mobile services. Bezeq International and DBS Satellite Services produce revenue from the provision of Internet services and satellite TV services, respectively. The company owns telecommunications infrastructure, such as fibre networks. It generates the vast majority of its revenue in Israel.

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