Telecom Argentina (BUE:TECO2) Cyclically Adjusted Price-to-FCF: 26.12 (As of Aug. 01, 2026) — Near Median

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BUE:TECO2 Telecom Argentina SA BUE:TECO2
78 GF Score
Price ARS4,407.50
GF Value ARS3,325.93
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Telecom Argentina Cyclically Adjusted Price-to-FCF?

Telecom Argentina BUE:TECO2 +2.14% 78 Cyclically Adjusted Price-to-FCF is 26.12 as of Aug. 01, 2026, which is 2% above its 10-year median of 25.62. GuruFocus rates BUE:TECO2 with a GF Score™ of 78/100 and a GF Value™ of ARS3,325.93 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 200 Telecommunication Services companies, Telecom Argentina ranks worse than 73.5% on this metric.

As of today (2026-08-01), Telecom Argentina's current share price is ARS4407.50. Telecom Argentina's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ARS168.76. Telecom Argentina's Cyclically Adjusted Price-to-FCF for today is 26.12.

The historical rank and industry rank for Telecom Argentina's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BUE:TECO2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.9   Med: 25.62   Max: 85.92
Current: 26.12

During the past years, Telecom Argentina's highest Cyclically Adjusted Price-to-FCF was 85.92. The lowest was 5.90. And the median was 25.62.

BUE:TECO2's Cyclically Adjusted Price-to-FCF is ranked worse than
73.5% of 200 companies
in the Telecommunication Services industry
Industry Median: 13.92 vs BUE:TECO2: 26.12

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Telecom Argentina's adjusted free cash flow per share data for the three months ended in Mar. 2026 was ARS139.060. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ARS168.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telecom Argentina  (BUE:TECO2) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Telecom Argentina Cyclically Adjusted Price-to-FCF Related Terms


Telecom Argentina Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Telecom Argentina's Cyclically Adjusted Price-to-FCF 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.

Telecom Argentina Cyclically Adjusted Price-to-FCF Chart

Telecom Argentina Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.70 6.63 17.56 28.67 23.23

Telecom Argentina Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Price-to-FCF 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 23.48 17.74 16.59 23.23 20.33

BUE:TECO2 vs VZ, TMUS, T: Cyclically Adjusted Price-to-FCF Comparison

For the Telecom Services subindustry, Telecom Argentina's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Telecom Argentina Cyclically Adjusted Price-to-FCF vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telecom Argentina's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Telecom Argentina's Cyclically Adjusted Price-to-FCF falls into.


BUE:TECO2
78GF Score
Telecom Argentina SA BUE:TECO2
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telecom Argentina Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Telecom Argentina's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4407.50/168.76
=26.12

* 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.

Telecom Argentina's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Telecom Argentina's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=139.06/330.2130*330.2130
=139.060

Current CPI (Mar. 2026) = 330.2130.

Telecom Argentina Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -1.107 241.018 -1.517
201609 0.079 241.428 0.108
201612 8.587 241.432 11.745
201703 0.057 243.801 0.077
201706 -0.285 244.955 -0.384
201709 0.991 246.819 1.326
201712 3.002 246.524 4.021
201803 1.952 249.554 2.583
201806 -0.635 251.989 -0.832
201809 0.944 252.439 1.235
201812 -2.420 251.233 -3.181
201903 4.071 254.202 5.288
201906 4.738 256.143 6.108
201909 6.111 256.759 7.859
201912 14.719 256.974 18.914
202003 3.177 258.115 4.064
202006 14.159 257.797 18.136
202009 9.334 260.280 11.842
202012 35.623 260.474 45.161
202103 9.156 264.877 11.414
202106 9.339 271.696 11.350
202109 15.323 274.310 18.446
202112 118.019 278.802 139.782
202203 13.260 287.504 15.230
202206 18.900 296.311 21.062
202209 27.993 296.808 31.144
202212 228.123 296.797 253.807
202303 62.315 301.836 68.174
202306 75.688 305.109 81.916
202309 111.626 307.789 119.759
202312 -44.536 306.746 -47.943
202403 70.378 312.332 74.407
202406 19.944 314.175 20.962
202409 58.467 315.301 61.232
202412 106.093 315.605 111.004
202503 51.608 319.799 53.289
202506 52.885 322.561 54.140
202509 137.153 324.800 139.439
202512 174.027 324.054 177.335
202603 139.060 330.213 139.060

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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 Price-to-FCF of 26.12 mean?
Telecom Argentina (BUE:TECO2) has a Cyclically Adjusted Price-to-FCF of 26.12 as of Aug. 01, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Telecom Argentina and its competitors. This is near median its historical median of 25.62. Over the past decade, Telecom Argentina's Cyclically Adjusted Price-to-FCF has ranged from 5.90 to 85.92. According to the industry distribution chart, Telecom Argentina ranks #147 out of 200 companies in the Telecommunication Services industry, placing it in the top 73.5%.
Is Telecom Argentina's Cyclically Adjusted Price-to-FCF too high?
Telecom Argentina's current Cyclically Adjusted Price-to-FCF of 26.12 is near median its 10-year median of 25.62. Over the past 10 years, this metric has ranged from a low of 5.90 to a high of 85.92. The Telecommunication Services industry median Cyclically Adjusted Price-to-FCF is 13.92. Telecom Argentina's value of 26.12 is 87.6% above this industry median. Based on the distribution chart, Telecom Argentina ranks #147 out of 200 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telecom Argentina has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telecom Argentina's Cyclically Adjusted Price-to-FCF compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Telecom Argentina ranks #147 out of 200 companies for Cyclically Adjusted Price-to-FCF. This places Telecom Argentina in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 13.92. Telecom Argentina's value of 26.12 is 87.6% above this benchmark. Historically, Telecom Argentina's own Cyclically Adjusted Price-to-FCF has ranged from 5.90 to 85.92 over the past decade. While the company's 10-year median is 25.62 vs. the industry median of 13.92, Telecom Argentina 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 Price-to-FCF for a Telecommunication Services company?
The median Cyclically Adjusted Price-to-FCF among Telecommunication Services companies is 13.92, based on 200 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Telecom Argentina's current Cyclically Adjusted Price-to-FCF of 26.12 is 87.6% 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 Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Telecom Argentina and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted Price-to-FCF is 13.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telecom Argentina's current Cyclically Adjusted Price-to-FCF is 26.12, which is near median its own 10-year median of 25.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecom Argentina stock overvalued right now?
Based on GuruFocus' analysis, Telecom Argentina (BUE:TECO2) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS3,325.93, compared to a current price of ARS4,407.50 — trading 32.5% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 26.12, which is near median its 10-year median of 25.62 and 87.6% above the Telecommunication Services industry median of 13.92. Telecom Argentina's overall GF Score™ is 78/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For Telecom Argentina (BUE:TECO2), the current Cyclically Adjusted Price-to-FCF is 26.12 as of Aug. 01, 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 Telecom Argentina (BUE:TECO2) Overvalued in 2026?

Based on GuruFocus' analysis, Telecom Argentina stock appears to be overvalued. The current stock price of ARS4,407.50 is trading 32.5% above its estimated GF Value™ of ARS3,325.93. GuruFocus considers Telecom Argentina to be Significantly Overvalued.

Key valuation signals for BUE:TECO2:

  • Cyclically Adjusted Price-to-FCF: 26.12 (near median its 10-year median of 25.62)
  • GF Value™: ARS3,325.93 vs. price of ARS4,407.50 (32.5% above fair value)
  • GF Score™: 78/100 with 11 warning signs
  • Industry Position: 87.6% above the Telecommunication Services median (#147 of 200)

No single metric tells the full story. See the BUE:TECO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telecom Argentina Business Description

Other Exchanges TCMFF:USATEO:USATEO:Germany
Address General Hornos 690, Buenos Aires, ARG, C1272ACK
Telecom Argentina SA offers its customers quadruple play services, combining mobile telephony services, cable television services, Internet services and fixed telephony services. It also provides other telephone-related services such as international long-distance and wholesale services, data transmission and IT solutions outsourcing and install, operate and develop cable television and data transmission services. The company operates in segments: ICT Services provided in Argentina: Personal Network; ICT Services provided in Argentina - TMA Network; and Other segments..
78GF Score

Get the complete analysis for BUE:TECO2

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

ARS4,407.50
Price
ARS3,325.93
GF Value