Telecom Plus (CHIX:TEPL) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:TEPL Telecom Plus PLC CHIX:TEPL
68 GF Score
Price £8.16
GF Value £16.84
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Telecom Plus Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Telecom Plus  (CHIX:TEPl) 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.


Telecom Plus Cyclically Adjusted PS Ratio Related Terms


Telecom Plus Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Telecom Plus'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.

Telecom Plus Cyclically Adjusted PS Ratio Chart

Telecom Plus Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 1.35 1.03 0.99 0.68

Telecom Plus Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.02 1.11 0.99 1.02 0.67

CHIX:TEPL vs SRE, AES: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Diversified subindustry, Telecom Plus'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.


Telecom Plus Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Telecom Plus's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:TEPL
68GF Score
Telecom Plus PLC CHIX:TEPL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Telecom Plus 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.

Telecom Plus's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Telecom Plus's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=24.041/140.8000*140.8000
=24.041

Current CPI (Mar26) = 140.8000.

Telecom Plus Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 9.195 102.700 12.606
201803 10.026 105.100 13.432
201903 10.272 107.000 13.517
202003 11.141 108.600 14.444
202103 10.942 109.700 14.044
202203 12.264 116.500 14.822
202303 30.836 126.800 34.241
202403 25.482 131.600 27.263
202503 22.964 136.100 23.757
202603 24.041 140.800 24.041

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.

Is Telecom Plus (CHIX:TEPL) Overvalued in 2026?

Based on GuruFocus' analysis, Telecom Plus stock appears to be undervalued. The current stock price of £8.16 is trading 51.5% below its estimated GF Value™ of £16.84. GuruFocus considers Telecom Plus to be Significantly Undervalued.

Key valuation signals for CHIX:TEPL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: £16.84 vs. price of £8.16 (51.5% below fair value)
  • GF Score™: 68/100 with 4 warning signs

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


Telecom Plus Business Description

Other Exchanges TEP:UKT8T:Germany
Address 508 Edgware Road, The Hyde, Network HQ, London, GBR, NW9 5AB
Telecom Plus PLC is a UK Based telecommunications and utilities company that provides mobile services, fixed-line services, Internet services, and gas and electricity services. The company generates maximum revenue from Electricity services. Its main income streams from the provision of fixed-line telephony, broadband, mobile telephony, gas and electricity services, and transactions.
68GF Score

Get the complete analysis for CHIX:TEPL

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

£8.16
Price
£16.84
GF Value