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TPG TelecomASX:TPG +1.69%62 Cyclically Adjusted PS Ratio is 1.04 as of Jul. 29, 2026, which is 65% below its 10-year median of 2.98. GuruFocus rates ASX:TPG with a GF Score™ of 62/100 and a GF Value™ of A$4.52 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 302 Telecommunication Services companies, TPG Telecom ranks better than 55.96% on this metric.
The historical rank and industry rank for TPG Telecom's Cyclically Adjusted PS Ratio or its related term are showing as below:
ASX:TPG'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.01 Med: 2.98 Max: 11.45
Current: 1.01
During the past 13 years, TPG Telecom's highest Cyclically Adjusted PS Ratio was 11.45. The lowest was 1.01. And the median was 2.98.
ASX:TPG's Cyclically Adjusted PS Ratio is ranked better than 55.96% of 302
companies
in the Telecommunication Services industry
Industry Median: 1.18
vs ASX:TPG: 1.01
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
TPG Telecom's adjusted revenue per share data of for the fiscal year that ended in Dec25 was A$2.699. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is A$3.46 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
TPG Telecom (ASX:TPG) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
TPG Telecom Cyclically Adjusted PS Ratio Related Terms
TPG Telecom Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for TPG Telecom's Cyclically Adjusted PS 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.
ASX:TPG vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison
For the Telecom Services subindustry, TPG Telecom's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
TPG Telecom Cyclically Adjusted PS Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, TPG Telecom's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where TPG Telecom's Cyclically Adjusted PS Ratio falls into.
TPG Telecom Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
TPG Telecom's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 PS Ratio of 1.04 mean?
TPG Telecom (ASX:TPG) has a Cyclically Adjusted PS Ratio of 1.04 as of Jul. 29, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on TPG Telecom and its competitors. This is 65% below median its historical median of 2.98. Over the past decade, TPG Telecom's Cyclically Adjusted PS Ratio has ranged from 1.01 to 11.45. According to the industry distribution chart, TPG Telecom ranks #133 out of 302 companies in the Telecommunication Services industry, placing it in the top 44%.
Is TPG Telecom's Cyclically Adjusted PS Ratio too high?
TPG Telecom's current Cyclically Adjusted PS Ratio of 1.04 is 65% below median its 10-year median of 2.98. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 11.45. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.18. TPG Telecom's value of 1.04 is 11.9% below this industry median. Based on the distribution chart, TPG Telecom ranks #133 out of 302 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, TPG Telecom has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPG Telecom's Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, TPG Telecom ranks #133 out of 302 companies for Cyclically Adjusted PS Ratio. This puts TPG Telecom in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.18. TPG Telecom's value of 1.04 is 11.9% below this benchmark. Historically, TPG Telecom's own Cyclically Adjusted PS Ratio has ranged from 1.01 to 11.45 over the past decade. While the company's 10-year median is 2.98 vs. the industry median of 1.18, TPG Telecom 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 PS Ratio for a Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.18, based on 302 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TPG Telecom's current Cyclically Adjusted PS Ratio of 1.04 is 11.9% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on TPG Telecom and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPG Telecom's current Cyclically Adjusted PS Ratio is 1.04, which is 65% below median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPG Telecom stock overvalued right now?
Based on GuruFocus' analysis, TPG Telecom (ASX:TPG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$4.52, compared to a current price of A$3.60 — trading 20.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.04, which is 65% below median its 10-year median of 2.98 and 11.9% below the Telecommunication Services industry median of 1.18. TPG Telecom's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For TPG Telecom (ASX:TPG), the current Cyclically Adjusted PS Ratio is 1.04 as of Jul. 29, 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 TPG Telecom (ASX:TPG) Overvalued in 2026?
Based on GuruFocus' analysis, TPG Telecom stock appears to be undervalued.
The current stock price of A$3.60 is trading 20.4% below its estimated GF Value™ of A$4.52.
GuruFocus considers TPG Telecom to be Modestly Undervalued.
Key valuation signals for ASX:TPG:
Cyclically Adjusted PS Ratio: 1.04 (65% below median its 10-year median of 2.98)
GF Value™: A$4.52 vs. price of A$3.60 (20.4% below fair value)
Industry Position: 11.9% below the Telecommunication Services median (#133 of 302)
No single metric tells the full story. See the ASX:TPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPG Telecom is Australia's third-largest telecom services company. It offers mobile, fixed-line broadband and telephony solutions. The group's mobile business caters to all market segments spanning consumer, small business, corporate, wholesale, and government. TPG Telecom has grown substantially since listing on the ASX in 2008, via organic growth and acquisitions, and culminated with the July 2020 Vodafone Hutchison Australia merger, the third-ranked mobile network operator in Australia. It owns an extensive stable of infrastructure assets, including a nationwide mobile network that is upgrading to 5G wireless. In July 2025, TPG sold its fiber assets for AUD 5.3 billion to Vocus.
62GF Score
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