TCMFF (Telecom Argentina) Cyclically Adjusted PS Ratio: 3.96 (As of Jul. 08, 2026) — 69% Above Median


TCMFF Telecom Argentina SA TCMFF
88 GF Score
Price $2.10
GF Value $1.93
Valuation Fairly Valued
! 7 Warning Signs
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What is Telecom Argentina Cyclically Adjusted PS Ratio?

Telecom Argentina TCMFF -12.50% 88 Cyclically Adjusted PS Ratio is 3.96 as of Jul. 08, 2026, which is 69% above its 10-year median of 2.35. GuruFocus rates TCMFF with a GF Score™ of 88/100 and a GF Value™ of $1.93 (Fairly Valued). The stock has 7 warning signs investors should review. Among 301 Telecommunication Services companies, Telecom Argentina ranks worse than 76.41% on this metric.

As of today (2026-07-08), Telecom Argentina's current share price is $2.10. Telecom Argentina's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $0.53. Telecom Argentina's Cyclically Adjusted PS Ratio for today is 3.96.

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

TCMFF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.72   Med: 2.35   Max: 4.81
Current: 2.64

During the past years, Telecom Argentina's highest Cyclically Adjusted PS Ratio was 4.81. The lowest was 0.72. And the median was 2.35.

TCMFF's Cyclically Adjusted PS Ratio is ranked worse than
76.41% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.16 vs TCMFF: 2.64

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.

Telecom Argentina's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.783. 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 $0.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telecom Argentina  (OTCPK:TCMFF) 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 Argentina Cyclically Adjusted PS Ratio Related Terms


Telecom Argentina Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Telecom Argentina'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 Argentina Cyclically Adjusted PS Ratio Chart

Telecom Argentina 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 0.87 0.81 1.89 3.10 2.51

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 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 2.45 1.80 1.74 2.51 2.22

TCMFF vs TMUS, VZ, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Telecom Argentina'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 Argentina Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

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

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


TCMFF
88GF Score
Telecom Argentina SA TCMFF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Telecom Argentina 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 Argentina's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.10/0.53
=3.96

* 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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Telecom Argentina'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)
=0.783/330.2130*330.2130
=0.783

Current CPI (Mar. 2026) = 330.2130.

Telecom Argentina Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.961 241.018 1.317
201609 0.928 241.428 1.269
201612 1.405 241.432 1.922
201703 0.631 243.801 0.855
201706 0.502 244.955 0.677
201709 0.508 246.819 0.680
201712 3.217 246.524 4.309
201803 1.123 249.554 1.486
201806 1.001 251.989 1.312
201809 0.725 252.439 0.948
201812 2.145 251.233 2.819
201903 0.781 254.202 1.015
201906 0.686 256.143 0.884
201909 0.602 256.759 0.774
201912 2.079 256.974 2.672
202003 0.670 258.115 0.857
202006 0.665 257.797 0.852
202009 0.638 260.280 0.809
202012 3.248 260.474 4.118
202103 0.660 264.877 0.823
202106 0.711 271.696 0.864
202109 0.837 274.310 1.008
202112 9.401 278.802 11.135
202203 1.037 287.504 1.191
202206 1.056 296.311 1.177
202209 1.180 296.808 1.313
202212 10.588 296.797 11.780
202303 1.958 301.836 2.142
202306 1.807 305.109 1.956
202309 1.367 307.789 1.467
202312 3.490 306.746 3.757
202403 0.588 312.332 0.622
202406 0.619 314.175 0.651
202409 0.633 315.301 0.663
202412 0.775 315.605 0.811
202503 0.787 319.799 0.813
202506 0.748 322.561 0.766
202509 0.706 324.800 0.718
202512 0.866 324.054 0.882
202603 0.783 330.213 0.783

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 3.96 mean?
Telecom Argentina (TCMFF) has a Cyclically Adjusted PS Ratio of 3.96 as of Jul. 08, 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 Telecom Argentina and its competitors. This is 69% above median its historical median of 2.35. Over the past decade, Telecom Argentina's Cyclically Adjusted PS Ratio has ranged from 0.72 to 4.81. According to the industry distribution chart, Telecom Argentina ranks #230 out of 301 companies in the Telecommunication Services industry, placing it in the top 76.4%.
Is Telecom Argentina's Cyclically Adjusted PS Ratio too high?
Telecom Argentina's current Cyclically Adjusted PS Ratio of 3.96 is 69% above median its 10-year median of 2.35. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 4.81. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.16. Telecom Argentina's value of 3.96 is 241.4% above this industry median. Based on the distribution chart, Telecom Argentina ranks #230 out of 301 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telecom Argentina has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telecom Argentina's Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telecom Argentina ranks #230 out of 301 companies for Cyclically Adjusted PS Ratio. This places Telecom Argentina in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.16. Telecom Argentina's value of 3.96 is 241.4% above this benchmark. Historically, Telecom Argentina's own Cyclically Adjusted PS Ratio has ranged from 0.72 to 4.81 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 1.16, 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 PS Ratio for a Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.16, 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. Telecom Argentina's current Cyclically Adjusted PS Ratio of 3.96 is 241.4% 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 Telecom Argentina and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telecom Argentina's current Cyclically Adjusted PS Ratio is 3.96, which is 69% above median its own 10-year median of 2.35. 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 (TCMFF) is currently considered Fairly Valued. The stock's GF Value™ is $1.93, compared to a current price of $2.10 — trading 8.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.96, which is 69% above median its 10-year median of 2.35 and 241.4% above the Telecommunication Services industry median of 1.16. Telecom Argentina's overall GF Score™ is 88/100 with 7 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 Telecom Argentina (TCMFF), the current Cyclically Adjusted PS Ratio is 3.96 as of Jul. 08, 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 (TCMFF) Overvalued in 2026?

Based on GuruFocus' analysis, Telecom Argentina stock appears to be overvalued. The current stock price of $2.10 is trading 8.8% above its estimated GF Value™ of $1.93. GuruFocus considers Telecom Argentina to be Fairly Valued.

Key valuation signals for TCMFF:

  • Cyclically Adjusted PS Ratio: 3.96 (69% above median its 10-year median of 2.35)
  • GF Value™: $1.93 vs. price of $2.10 (8.8% above fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 241.4% above the Telecommunication Services median (#230 of 301)

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


Telecom Argentina Business Description

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..
88GF Score

Get the complete analysis for TCMFF

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

$2.10
Price
$1.93
GF Value