TIM (TIMB) Cyclically Adjusted PS Ratio: 2.19 (As of Jul. 12, 2026) — 68% Above Median


TIMB TIM SA TIMB
87 GF Score
Price $22.28
GF Value $19.85
Valuation Modestly Overvalued
! 2 Warning Signs
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What is TIM Cyclically Adjusted PS Ratio?

TIM TIMB +2.25% 87 Cyclically Adjusted PS Ratio is 2.19 as of Jul. 12, 2026, which is 68% above its 10-year median of 1.30. GuruFocus rates TIMB with a GF Score™ of 87/100 and a GF Value™ of $19.85 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 301 Telecommunication Services companies, TIM ranks worse than 71.1% on this metric.

As of today (2026-07-12), TIM's current share price is $22.28. TIM's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $10.18. TIM's Cyclically Adjusted PS Ratio for today is 2.19.

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

TIMB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.3   Max: 2.7
Current: 2.16

During the past years, TIM's highest Cyclically Adjusted PS Ratio was 2.70. The lowest was 0.68. And the median was 1.30.

TIMB's Cyclically Adjusted PS Ratio is ranked worse than
71.1% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.16 vs TIMB: 2.16

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.

TIM's adjusted revenue per share data for the three months ended in Mar. 2026 was $2.724. 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 $10.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TIM  (NYSE:TIMB) 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.


TIM Cyclically Adjusted PS Ratio Related Terms


TIM Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TIM'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.

TIM Cyclically Adjusted PS Ratio Chart

TIM 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 1.33 1.25 1.81 1.45 2.07

TIM 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 1.78 2.16 2.29 2.07 2.60

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

For the Telecom Services subindustry, TIM'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.


TIM Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

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

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


TIMB
87GF Score
TIM SA TIMB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TIM 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.

TIM's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.28/10.18
=2.19

* 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.

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

For example, TIM'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)
=2.724/175.0655*175.0655
=2.724

Current CPI (Mar. 2026) = 175.0655.

TIM Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.308 108.851 3.712
201609 2.478 109.986 3.944
201612 2.491 110.802 3.936
201703 2.610 111.869 4.084
201706 2.459 112.115 3.840
201709 2.802 112.777 4.350
201712 2.666 114.068 4.092
201803 2.594 114.868 3.953
201806 2.310 117.038 3.455
201809 2.132 117.881 3.166
201812 2.371 118.340 3.508
201903 2.253 120.124 3.283
201906 2.296 120.977 3.323
201909 2.175 121.292 3.139
201912 2.308 123.436 3.273
202003 1.782 124.092 2.514
202006 1.587 123.557 2.249
202009 1.678 125.095 2.348
202012 1.878 129.012 2.548
202103 1.591 131.660 2.116
202106 1.825 133.871 2.387
202109 1.765 137.913 2.240
202112 1.753 141.992 2.161
202203 1.962 146.537 2.344
202206 2.283 149.784 2.668
202209 1.912 147.800 2.265
202212 2.294 150.207 2.674
202303 2.237 153.352 2.554
202306 2.507 154.519 2.840
202309 2.569 155.464 2.893
202312 2.645 157.148 2.947
202403 2.528 159.372 2.777
202406 2.397 161.052 2.606
202409 2.304 162.342 2.485
202412 2.246 164.740 2.387
202503 2.293 168.102 2.388
202506 2.440 169.670 2.518
202509 2.590 170.739 2.656
202512 2.645 171.765 2.696
202603 2.724 175.066 2.724

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 2.19 mean?
TIM (TIMB) has a Cyclically Adjusted PS Ratio of 2.19 as of Jul. 12, 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 TIM and its competitors. This is 68% above median its historical median of 1.30. Over the past decade, TIM's Cyclically Adjusted PS Ratio has ranged from 0.68 to 2.70. According to the industry distribution chart, TIM ranks #214 out of 301 companies in the Telecommunication Services industry, placing it in the top 71.1%.
Is TIM's Cyclically Adjusted PS Ratio too high?
TIM's current Cyclically Adjusted PS Ratio of 2.19 is 68% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.70. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.16. TIM's value of 2.19 is 88.8% above this industry median. Based on the distribution chart, TIM ranks #214 out of 301 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, TIM has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TIM's Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, TIM ranks #214 out of 301 companies for Cyclically Adjusted PS Ratio. This places TIM in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.16. TIM's value of 2.19 is 88.8% above this benchmark. Historically, TIM's own Cyclically Adjusted PS Ratio has ranged from 0.68 to 2.70 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.16, TIM 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. TIM's current Cyclically Adjusted PS Ratio of 2.19 is 88.8% 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 TIM 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. TIM's current Cyclically Adjusted PS Ratio is 2.19, which is 68% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TIM stock overvalued right now?
Based on GuruFocus' analysis, TIM (TIMB) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.85, compared to a current price of $22.28 — trading 12.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.19, which is 68% above median its 10-year median of 1.30 and 88.8% above the Telecommunication Services industry median of 1.16. TIM's overall GF Score™ is 87/100 with 2 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 TIM (TIMB), the current Cyclically Adjusted PS Ratio is 2.19 as of Jul. 12, 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 TIM (TIMB) Overvalued in 2026?

Based on GuruFocus' analysis, TIM stock appears to be overvalued. The current stock price of $22.28 is trading 12.2% above its estimated GF Value™ of $19.85. GuruFocus considers TIM to be Modestly Overvalued.

Key valuation signals for TIMB:

  • Cyclically Adjusted PS Ratio: 2.19 (68% above median its 10-year median of 1.30)
  • GF Value™: $19.85 vs. price of $22.28 (12.2% above fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 88.8% above the Telecommunication Services median (#214 of 301)

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


TIM Business Description

Address Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057
TIM, which is 67%-owned by Telecom Italia, is the third-largest wireless carrier in Brazil, with 62 million subscribers, equal to about 23% of the market. The firm owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 8 million locations, including 6.5 million with fiber, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand, but it has agreed to buy out its joint venture partner in 2026 and will take full ownership of these assets. TIM also resells fiber network access from other providers.
87GF Score

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

$22.28
Price
$19.85
GF Value