Telephone and Data SystemsTDS -0.83%64 PB Ratio is 1.10 as of Jun. 25, 2026, which is 75% above its 10-year median of 0.63. GuruFocus rates TDS with a GF Score™ of 64/100 and a GF Value™ of $32.86 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 342 Telecommunication Services companies, Telephone and Data Systems ranks better than 69.59% on this metric.
The historical rank and industry rank for Telephone and Data Systems's PB Ratio or its related term are showing as below:
TDS'
s PB Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.63 Max: 1.45
Current: 1.1
During the past 13 years, Telephone and Data Systems's highest PB Ratio was 1.45. The lowest was 0.16. And the median was 0.63.
TDS's PB Ratio is ranked better than 69.59% of 342
companies
in the Telecommunication Services industry
Industry Median: 1.85
vs TDS: 1.10
During the past 12 months, Telephone and Data Systems's average Book Value Per Share Growth Rate was -3.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -8.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Telephone and Data Systems was 35.50% per year. The lowest was -8.40% per year. And the median was 4.70% per year.
Back to Basics: PB Ratio
Telephone and Data Systems (NYSE:TDS) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Telephone and Data Systems PB Ratio Related Terms
Telephone and Data Systems PB Ratio Historical Data
* 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.
For the Telecom Services subindustry, Telephone and Data Systems's PB Ratio, along with its competitors' market caps and 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.
Telephone and Data Systems PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telephone and Data Systems's PB Ratio distribution charts can be found below:
* The bar in red indicates where Telephone and Data Systems's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Telephone and Data Systems (TDS) has a PB Ratio of 1.10 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Telephone and Data Systems and its competitors. This is 75% above median its historical median of 0.63. Over the past decade, Telephone and Data Systems' PB Ratio has ranged from 0.16 to 1.45. According to the industry distribution chart, Telephone and Data Systems ranks #104 out of 342 companies in the Telecommunication Services industry, placing it in the top 30.4%.
Is Telephone and Data Systems' PB Ratio too high?
Telephone and Data Systems' current PB Ratio of 1.10 is 75% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.45. The Telecommunication Services industry median PB Ratio is 1.85. Telephone and Data Systems' value of 1.10 is 40.5% below this industry median. Based on the distribution chart, Telephone and Data Systems ranks #104 out of 342 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Telephone and Data Systems has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telephone and Data Systems' PB Ratio compare to AD and LBTYA?
According to the Telecommunication Services industry distribution chart, Telephone and Data Systems ranks #104 out of 342 companies for PB Ratio. This puts Telephone and Data Systems in the upper half of its industry. The industry median PB Ratio is 1.85. Telephone and Data Systems' value of 1.10 is 40.5% below this benchmark. Historically, Telephone and Data Systems' own PB Ratio has ranged from 0.16 to 1.45 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 1.85, Telephone and Data Systems has consistently been below 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 PB Ratio for a Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.85, based on 342 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Telephone and Data Systems's current PB Ratio of 1.10 is 40.5% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Telephone and Data Systems and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telephone and Data Systems's current PB Ratio is 1.10, which is 75% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telephone and Data Systems stock overvalued right now?
Based on GuruFocus' analysis, Telephone and Data Systems (TDS) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.86, compared to a current price of $37.24 — trading 13.3% above its estimated fair value. The current PB Ratio is 1.10, which is 75% above median its 10-year median of 0.63 and 40.5% below the Telecommunication Services industry median of 1.85. Telephone and Data Systems' overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Telephone and Data Systems (TDS), the current PB Ratio is 1.10 as of Jun. 25, 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 Telephone and Data Systems (TDS) Overvalued in 2026?
Based on GuruFocus' analysis, Telephone and Data Systems stock appears to be overvalued.
The current stock price of $37.24 is trading 13.3% above its estimated GF Value™ of $32.86.
GuruFocus considers Telephone and Data Systems to be Modestly Overvalued.
Key valuation signals for TDS:
PB Ratio: 1.10 (75% above median its 10-year median of 0.63)
GF Value™: $32.86 vs. price of $37.24 (13.3% above fair value)
Industry Position: 40.5% below the Telecommunication Services median (#104 of 342)
No single metric tells the full story. See the TDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telephone and Data Systems Inc is a diversified telecommunications operator that provides communications services to customers through broadband, video, voice, and wireless connections. The company has two reportable segments: TDS Telecom and Array. The majority of its revenue is generated from the TDS Telecom segment, which generates revenue by providing broadband, video, voice, and wireless services. The Array segment generates its revenue mainly by leasing tower space on Array-owned towers to customers.
64GF Score
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