Telecomunicacoes Brasileiras (BSP:TELB3) Cyclically Adjusted PS Ratio: 1.80 (As of Aug. 02, 2026) — 41% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BSP:TELB3 Telecomunicacoes Brasileiras SA BSP:TELB3
63 GF Score
Price R$10.59
GF Value R$14.89
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Telecomunicacoes Brasileiras Cyclically Adjusted PS Ratio?

Telecomunicacoes Brasileiras BSP:TELB3 +0.47% 63 Cyclically Adjusted PS Ratio is 1.80 as of Aug. 02, 2026, which is 41% below its 10-year median of 3.07. GuruFocus rates BSP:TELB3 with a GF Score™ of 63/100 and a GF Value™ of R$14.89 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 301 Telecommunication Services companies, Telecomunicacoes Brasileiras ranks worse than 60.8% on this metric.

As of today (2026-08-02), Telecomunicacoes Brasileiras's current share price is R$10.59. Telecomunicacoes Brasileiras's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$5.89. Telecomunicacoes Brasileiras's Cyclically Adjusted PS Ratio for today is 1.80.

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

BSP:TELB3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.34   Med: 3.07   Max: 33.21
Current: 1.77

During the past years, Telecomunicacoes Brasileiras's highest Cyclically Adjusted PS Ratio was 33.21. The lowest was 0.34. And the median was 3.07.

BSP:TELB3's Cyclically Adjusted PS Ratio is ranked worse than
60.8% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.17 vs BSP:TELB3: 1.77

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.

Telecomunicacoes Brasileiras's adjusted revenue per share data for the three months ended in Mar. 2026 was R$1.323. 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 R$5.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telecomunicacoes Brasileiras  (BSP:TELB3) 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.


Telecomunicacoes Brasileiras Cyclically Adjusted PS Ratio Related Terms


Telecomunicacoes Brasileiras Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Telecomunicacoes Brasileiras'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.

Telecomunicacoes Brasileiras Cyclically Adjusted PS Ratio Chart

Telecomunicacoes Brasileiras Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.41 2.56 2.39 2.34 1.88

Telecomunicacoes Brasileiras Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 2.41 2.23 1.92 1.88 2.48

BSP:TELB3 vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Telecomunicacoes Brasileiras'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.


Telecomunicacoes Brasileiras Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

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

* The bar in red indicates where Telecomunicacoes Brasileiras's Cyclically Adjusted PS Ratio falls into.


BSP:TELB3
63GF Score
Telecomunicacoes Brasileiras SA BSP:TELB3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telecomunicacoes Brasileiras 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.

Telecomunicacoes Brasileiras's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.59/5.89
=1.80

* 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.

Telecomunicacoes Brasileiras's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Telecomunicacoes Brasileiras's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.323/175.0655*175.0655
=1.323

Current CPI (Mar. 2026) = 175.0655.

Telecomunicacoes Brasileiras Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.920 108.851 1.480
201609 1.006 109.986 1.601
201612 1.288 110.802 2.035
201703 0.322 111.869 0.504
201706 0.323 112.115 0.504
201709 0.326 112.777 0.506
201712 0.510 114.068 0.783
201803 0.600 114.868 0.914
201806 0.572 117.038 0.856
201809 0.763 117.881 1.133
201812 1.997 118.340 2.954
201903 0.820 120.124 1.195
201906 0.710 120.977 1.027
201909 0.948 121.292 1.368
201912 1.209 123.436 1.715
202003 1.022 124.092 1.442
202006 0.936 123.557 1.326
202009 1.037 125.095 1.451
202012 1.005 129.012 1.364
202103 1.163 131.660 1.546
202106 0.967 133.871 1.265
202109 0.966 137.913 1.226
202112 1.273 141.992 1.570
202203 1.439 146.537 1.719
202206 1.710 149.784 1.999
202209 2.057 147.800 2.436
202212 1.046 150.207 1.219
202303 1.428 153.352 1.630
202306 1.489 154.519 1.687
202309 1.600 155.464 1.802
202312 1.615 157.148 1.799
202403 1.156 159.372 1.270
202406 1.468 161.052 1.596
202409 1.536 162.342 1.656
202412 1.935 164.740 2.056
202503 1.683 168.102 1.753
202506 1.603 169.670 1.654
202509 1.493 170.739 1.531
202512 1.970 171.765 2.008
202603 1.323 175.066 1.323

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 1.80 mean?
Telecomunicacoes Brasileiras (BSP:TELB3) has a Cyclically Adjusted PS Ratio of 1.80 as of Aug. 02, 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 Telecomunicacoes Brasileiras and its competitors. This is 41% below median its historical median of 3.07. Over the past decade, Telecomunicacoes Brasileiras' Cyclically Adjusted PS Ratio has ranged from 0.34 to 33.21. According to the industry distribution chart, Telecomunicacoes Brasileiras ranks #183 out of 301 companies in the Telecommunication Services industry, placing it in the top 60.8%.
Is Telecomunicacoes Brasileiras' Cyclically Adjusted PS Ratio too high?
Telecomunicacoes Brasileiras' current Cyclically Adjusted PS Ratio of 1.80 is 41% below median its 10-year median of 3.07. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 33.21. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.17. Telecomunicacoes Brasileiras' value of 1.80 is 53.8% above this industry median. Based on the distribution chart, Telecomunicacoes Brasileiras ranks #183 out of 301 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telecomunicacoes Brasileiras has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Telecomunicacoes Brasileiras' Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Telecomunicacoes Brasileiras ranks #183 out of 301 companies for Cyclically Adjusted PS Ratio. This places Telecomunicacoes Brasileiras in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. Telecomunicacoes Brasileiras' value of 1.80 is 53.8% above this benchmark. Historically, Telecomunicacoes Brasileiras' own Cyclically Adjusted PS Ratio has ranged from 0.34 to 33.21 over the past decade. While the company's 10-year median is 3.07 vs. the industry median of 1.17, Telecomunicacoes Brasileiras 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 PS Ratio for a Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.17, based on 301 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. Telecomunicacoes Brasileiras's current Cyclically Adjusted PS Ratio of 1.80 is 53.8% 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 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 Telecomunicacoes Brasileiras and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telecomunicacoes Brasileiras's current Cyclically Adjusted PS Ratio is 1.80, which is 41% below median its own 10-year median of 3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecomunicacoes Brasileiras stock overvalued right now?
Based on GuruFocus' analysis, Telecomunicacoes Brasileiras (BSP:TELB3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$14.89, compared to a current price of R$10.59 — trading 28.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.80, which is 41% below median its 10-year median of 3.07 and 53.8% above the Telecommunication Services industry median of 1.17. Telecomunicacoes Brasileiras' overall GF Score™ is 63/100 with 5 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 Telecomunicacoes Brasileiras (BSP:TELB3), the current Cyclically Adjusted PS Ratio is 1.80 as of Aug. 02, 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 Telecomunicacoes Brasileiras (BSP:TELB3) Overvalued in 2026?

Based on GuruFocus' analysis, Telecomunicacoes Brasileiras stock appears to be undervalued. The current stock price of R$10.59 is trading 28.9% below its estimated GF Value™ of R$14.89. GuruFocus considers Telecomunicacoes Brasileiras to be Modestly Undervalued.

Key valuation signals for BSP:TELB3:

  • Cyclically Adjusted PS Ratio: 1.80 (41% below median its 10-year median of 3.07)
  • GF Value™: R$14.89 vs. price of R$10.59 (28.9% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 53.8% above the Telecommunication Services median (#183 of 301)

No single metric tells the full story. See the BSP:TELB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telecomunicacoes Brasileiras Business Description

Other Exchanges TELB4:Brazil
Address Commercial Sector South - Quadra 09 - Bloco B, Rooms 301-405, Building Corporate Park City - Tower B, Brasilia, DF, BRA, 70308200
Telecomunicacoes Brasileiras SA is a Brazil-based company. Along with its subsidiaries, the firm offers telecommunication services in the areas of fixed line and mobile communication and internet access services. Its product portfolio includes IP (Internet Protocol) Telebras, Telebras Point-to-Point, and Telebras MPLS (Multiprotocol Label Switching) Network. The company also provides broadband services and infrastructure support services.
63GF Score

Get the complete analysis for BSP:TELB3

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

R$10.59
Price
R$14.89
GF Value