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CMCSA (Comcast) Cyclically Adjusted PB Ratio : 1.71 (As of Jun. 20, 2025)


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What is Comcast Cyclically Adjusted PB Ratio?

As of today (2025-06-20), Comcast's current share price is $34.53. Comcast's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $20.15. Comcast's Cyclically Adjusted PB Ratio for today is 1.71.

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

CMCSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66   Med: 3.13   Max: 4.21
Current: 1.7

During the past years, Comcast's highest Cyclically Adjusted PB Ratio was 4.21. The lowest was 1.66. And the median was 3.13.

CMCSA's Cyclically Adjusted PB Ratio is ranked worse than
54.77% of 283 companies
in the Telecommunication Services industry
Industry Median: 1.5 vs CMCSA: 1.70

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Comcast's adjusted book value per share data for the three months ended in Mar. 2025 was $23.139. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $20.15 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Comcast Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Comcast's Cyclically Adjusted PB 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.

* Premium members only.

Comcast Cyclically Adjusted PB Ratio Chart

Comcast Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.85 3.25 2.03 2.38 1.91

Comcast Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB 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 2.29 2.04 2.14 1.91 1.83

Competitive Comparison of Comcast's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Comcast's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Comcast's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

* The bar in red indicates where Comcast's Cyclically Adjusted PB Ratio falls into.


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Comcast Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Comcast's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.53/20.15
=1.71

* 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.

Comcast's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Comcast's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=23.139/134.9266*134.9266
=23.139

Current CPI (Mar. 2025) = 134.9266.

Comcast Quarterly Data

Book Value per Share CPI Adj_Book
201506 11.373 100.684 15.241
201509 11.347 100.392 15.250
201512 10.721 99.792 14.496
201603 10.865 100.470 14.591
201606 11.029 101.688 14.634
201609 11.197 101.861 14.832
201612 10.600 101.863 14.041
201703 11.609 102.862 15.228
201706 11.670 103.349 15.236
201709 11.859 104.136 15.365
201712 14.774 104.011 19.165
201803 15.049 105.290 19.285
201806 15.429 106.317 19.581
201809 15.721 106.507 19.916
201812 15.823 105.998 20.141
201903 16.516 107.251 20.778
201906 16.909 108.070 21.111
201909 17.177 108.329 21.394
201912 18.169 108.420 22.611
202003 17.858 108.902 22.126
202006 18.304 108.767 22.706
202009 18.835 109.815 23.142
202012 19.718 109.897 24.209
202103 20.151 111.754 24.329
202106 20.684 114.631 24.346
202109 20.964 115.734 24.440
202112 21.197 117.630 24.314
202203 21.131 121.301 23.505
202206 20.716 125.017 22.358
202209 18.572 125.227 20.011
202212 19.180 125.222 20.666
202303 19.721 127.348 20.895
202306 20.357 128.729 21.337
202309 20.358 129.860 21.152
202312 20.786 129.419 21.671
202403 20.977 131.776 21.479
202406 21.440 132.554 21.824
202409 22.370 133.029 22.689
202412 22.589 133.157 22.889
202503 23.139 134.927 23.139

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Comcast  (NAS:CMCSA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Comcast Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Comcast's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Comcast Business Description

Address
One Comcast Center, Philadelphia, PA, USA, 19103-2838
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 64 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. The firm plans to spin off most of its cable networks later in 2025. Finally, Sky, acquired in 2018, is a large television provider in the UK and Italy, and it also has a presence in Germany and Austria.
Executives
Brian L Roberts director, officer: Chairman of Board, Pres. & CEO COMCAST CORP, ONE COMCAST CENTER, 1701 JFK BOULEVARD, PHILIDELPHIA PA 19103
Michael J Cavanagh officer: CFO 1 BANK ONE PLAZA, IL1-0877, CHICAGO IL 60670
Kenneth J Bacon director 5404 WISCONSIN AVENUE, SUITE 410, CHEVY CHASE MD 20815
Jason Armstrong officer: CFO & Treasurer C/O COMCAST CORP, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Louise F. Brady director 22 SYLVAN WAY, PARSIPPANY NY 07054
Baltimore Thomas J Jr director PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102
Jennifer Khoury officer: Chief Communications Officer C/O COMCAST CORP, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Daniel C. Murdock officer: SVP & Chief Accounting Officer 1500 MARKET STREET, PHILADELPHIA PA 19102
David N Watson officer: Sr. EVP 1100 CASSATT ROAD, BERWYN PA 19312
Maritza Gomez Montiel director C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Adam Louis Miller officer: Sr. EVP ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Dana Strong officer: CEO - Sky C/O COMCAST CORPORATION, ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Jeff Shell officer: CEO - NBCUniversal C/O COMCAST CORPORATION, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Naomi M. Bergman director 210 E. EARLL DRIVE, PHOENIX AZ 85012
Sheldon M Bonovitz director