Telefonica Brasil (BSP:VIVT3) Cyclically Adjusted Revenue per Share: R$21.02 (As of Mar. 2026)

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BSP:VIVT3 Telefonica Brasil SA BSP:VIVT3
79 GF Score
Price R$35.80
GF Value R$31.58
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Telefonica Brasil Cyclically Adjusted Revenue per Share?

Telefonica Brasil BSP:VIVT3 +0.36% 79 Cyclically Adjusted Revenue per Share is R$21.02 as of Mar. 2026. GuruFocus rates BSP:VIVT3 with a GF Score™ of 79/100 and a GF Value™ of R$31.58 (Modestly Overvalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Telefonica Brasil's adjusted revenue per share for the three months ended in Mar. 2026 was R$4.837. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$21.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Telefonica Brasil's average Cyclically Adjusted Revenue Growth Rate was 1.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Telefonica Brasil was 6.10% per year. The lowest was -3.00% per year. And the median was 0.10% per year.

As of today (2026-07-22), Telefonica Brasil's current stock price is R$35.80. Telefonica Brasil's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$21.02. Telefonica Brasil's Cyclically Adjusted PS Ratio of today is 1.70.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Telefonica Brasil was 2.09. The lowest was 0.73. And the median was 1.02.


Telefonica Brasil  (BSP:VIVT3) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Telefonica Brasil's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=35.80/21.02
=1.70

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Telefonica Brasil was 2.09. The lowest was 0.73. And the median was 1.02.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Telefonica Brasil Cyclically Adjusted Revenue per Share Related Terms


Telefonica Brasil Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Telefonica Brasil's Cyclically Adjusted Revenue per Share 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.

Telefonica Brasil Cyclically Adjusted Revenue per Share Chart

Telefonica Brasil Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.43 21.43 20.87 20.50 20.64

Telefonica Brasil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 20.68 20.74 20.81 20.64 21.02

BSP:VIVT3 vs TMUS, VZ, T: Cyclically Adjusted Revenue per Share Comparison

For the Telecom Services subindustry, Telefonica Brasil'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.


Telefonica Brasil Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

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

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


BSP:VIVT3
79GF Score
Telefonica Brasil SA BSP:VIVT3
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telefonica Brasil Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Telefonica Brasil'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)
=4.837/175.0655*175.0655
=4.837

Current CPI (Mar. 2026) = 175.0655.

Telefonica Brasil Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.112 108.851 5.005
201609 3.166 109.986 5.039
201612 4.620 110.802 7.300
201703 3.136 111.869 4.908
201706 3.167 112.115 4.945
201709 3.223 112.777 5.003
201712 4.886 114.068 7.499
201803 3.194 114.868 4.868
201806 4.793 117.038 7.169
201809 4.767 117.881 7.079
201812 4.909 118.340 7.262
201903 3.249 120.124 4.735
201906 4.814 120.977 6.966
201909 4.892 121.292 7.061
201912 5.038 123.436 7.145
202003 4.794 124.092 6.763
202006 4.569 123.557 6.474
202009 4.779 125.095 6.688
202012 3.315 129.012 4.498
202103 3.216 131.660 4.276
202106 3.162 133.871 4.135
202109 3.280 137.913 4.164
202112 3.427 141.992 4.225
202203 3.387 146.537 4.046
202206 3.536 149.784 4.133
202209 3.658 147.800 4.333
202212 3.801 150.207 4.430
202303 3.827 153.352 4.369
202306 3.834 154.519 4.344
202309 3.958 155.464 4.457
202312 4.095 157.148 4.562
202403 4.075 159.372 4.476
202406 4.153 161.052 4.514
202409 4.300 162.342 4.637
202412 4.482 164.740 4.763
202503 4.435 168.102 4.619
202506 4.539 169.670 4.683
202509 4.664 170.739 4.782
202512 4.885 171.765 4.979
202603 4.837 175.066 4.837

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of R$21.02 mean?
Telefonica Brasil (BSP:VIVT3) has a Cyclically Adjusted Revenue per Share of R$21.02 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Telefonica Brasil and its competitors.
Is Telefonica Brasil's Cyclically Adjusted Revenue per Share too high?
Telefonica Brasil's current Cyclically Adjusted Revenue per Share is R$21.02. Overall, Telefonica Brasil has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telefonica Brasil's Cyclically Adjusted Revenue per Share compare to TMUS and VZ?
Telefonica Brasil's Cyclically Adjusted Revenue per Share of R$21.02 can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Telecommunication Services company?
A good Cyclically Adjusted Revenue per Share depends on the Telecommunication Services industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Telefonica Brasil and its competitors. Telefonica Brasil's current Cyclically Adjusted Revenue per Share is R$21.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telefonica Brasil stock overvalued right now?
Based on GuruFocus' analysis, Telefonica Brasil (BSP:VIVT3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$31.58, compared to a current price of R$35.80 — trading 13.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$21.02. Telefonica Brasil's overall GF Score™ is 79/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Telefonica Brasil (BSP:VIVT3), the current Cyclically Adjusted Revenue per Share is R$21.02 as of Mar. 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 Telefonica Brasil (BSP:VIVT3) Overvalued in 2026?

Based on GuruFocus' analysis, Telefonica Brasil stock appears to be overvalued. The current stock price of R$35.80 is trading 13.4% above its estimated GF Value™ of R$31.58. GuruFocus considers Telefonica Brasil to be Modestly Overvalued.

Key valuation signals for BSP:VIVT3:

  • Cyclically Adjusted Revenue per Share: R$21.02
  • GF Value™: R$31.58 vs. price of R$35.80 (13.4% above fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the BSP:VIVT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telefonica Brasil Business Description

Address Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936
Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 103 million customers, which is equal to about 38% market share. The firm is strongest in the postpaid business, where it has 72 million customers, or about 40% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo is the incumbent fixed-line telephone operator in Sao Paulo state and also owns an extensive fiber network across the country. The firm provides internet access to 8 million households on this network. The firm also sells pay-TV and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 10% of total revenue.
79GF Score

Get the complete analysis for BSP:VIVT3

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

R$35.80
Price
R$31.58
GF Value