Telecom Italia SpAWBO:TIT2 49 PB Ratio is 4.92 as of Jun. 25, 2026, which is 180% above its 10-year median of 1.76. GuruFocus rates WBO:TIT2 with a GF Score™ of 49/100 and a GF Value™ of €2.33 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 342 Telecommunication Services companies, Telecom Italia SpA ranks worse than 85.38% on this metric.
Telecom Italia SpA stock PB Ratio (=4.96) is close to 10-year high of 4.96.
The historical rank and industry rank for Telecom Italia SpA's PB Ratio or its related term are showing as below:
WBO:TIT2'
s PB Ratio Range Over the Past 10 Years
Min: 0.77 Med: 1.76 Max: 4.96
Current: 4.96
During the past 13 years, Telecom Italia SpA's highest PB Ratio was 4.96. The lowest was 0.77. And the median was 1.76.
WBO:TIT2's PB Ratio is ranked worse than 85.38% of 342
companies
in the Telecommunication Services industry
Industry Median: 1.85
vs WBO:TIT2: 4.96
During the past 12 months, Telecom Italia SpA's average Book Value Per Share Growth Rate was 1.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -13.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -5.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Telecom Italia SpA was 52.40% per year. The lowest was -38.40% per year. And the median was -4.50% per year.
Back to Basics: PB Ratio
Telecom Italia SpA (WBO:TIT2) 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.
Telecom Italia SpA PB Ratio Related Terms
Telecom Italia SpA PB Ratio Historical Data
* Premium members only.
The historical data trend for Telecom Italia SpA's 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.
For the Telecom Services subindustry, Telecom Italia SpA'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.
Telecom Italia SpA PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telecom Italia SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Telecom Italia SpA'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.
Telecom Italia SpA (WBO:TIT2) has a PB Ratio of 4.92 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 Telecom Italia SpA and its competitors. This is 180% above median its historical median of 1.76. Over the past decade, Telecom Italia SpA's PB Ratio has ranged from 0.77 to 4.96. According to the industry distribution chart, Telecom Italia SpA ranks #292 out of 342 companies in the Telecommunication Services industry, placing it in the top 85.4%.
Is Telecom Italia SpA's PB Ratio too high?
Telecom Italia SpA's current PB Ratio of 4.92 is 180% above median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 4.96. The Telecommunication Services industry median PB Ratio is 1.85. Telecom Italia SpA's value of 4.92 is 165.9% above this industry median. Based on the distribution chart, Telecom Italia SpA ranks #292 out of 342 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telecom Italia SpA has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telecom Italia SpA's PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telecom Italia SpA ranks #292 out of 342 companies for PB Ratio. This places Telecom Italia SpA in the lower half of its industry. The industry median PB Ratio is 1.85. Telecom Italia SpA's value of 4.92 is 165.9% above this benchmark. Historically, Telecom Italia SpA's own PB Ratio has ranged from 0.77 to 4.96 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.85, Telecom Italia SpA 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 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. Telecom Italia SpA's current PB Ratio of 4.92 is 165.9% 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 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 Telecom Italia SpA 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. Telecom Italia SpA's current PB Ratio is 4.92, which is 180% above median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telecom Italia SpA stock overvalued right now?
Based on GuruFocus' analysis, Telecom Italia SpA (WBO:TIT2) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.33, compared to a current price of €7.89 — trading 238.5% above its estimated fair value. The current PB Ratio is 4.92, which is 180% above median its 10-year median of 1.76 and 165.9% above the Telecommunication Services industry median of 1.85. Telecom Italia SpA's overall GF Score™ is 49/100 with 9 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 Telecom Italia SpA (WBO:TIT2), the current PB Ratio is 4.92 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 Telecom Italia SpA (WBO:TIT2) Overvalued in 2026?
Based on GuruFocus' analysis, Telecom Italia SpA stock appears to be overvalued.
The current stock price of €7.89 is trading 238.5% above its estimated GF Value™ of €2.33.
GuruFocus considers Telecom Italia SpA to be Significantly Overvalued.
Key valuation signals for WBO:TIT2:
PB Ratio: 4.92 (180% above median its 10-year median of 1.76)
GF Value™: €2.33 vs. price of €7.89 (238.5% above fair value)
Industry Position: 165.9% above the Telecommunication Services median (#292 of 342)
No single metric tells the full story. See the WBO:TIT2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telecom Italia is the incumbent telecommunications operator in Italy, with 23% share in the Italian mobile market and 35% share in broadband. In the mobile market, it competes with Vodafone, WindTre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion in 2024, TIM has become a pure service provider with no network ownership. TIM Brazil is significantly smaller than its peers, Telefonica and America Movil, with 25% wireless market share.
49GF Score
Get the complete analysis for WBO:TIT2
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WBO:TIT2 has been successfully added to your 
