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Telefonica Deutschland Holding AGHAM:O2D -1.00%66 Price-to-Tangible-Book is 4.05 as of Jul. 25, 2026, which is 58% below its 10-year median of 9.69. GuruFocus rates HAM:O2D with a GF Score™ of 66/100 and a GF Value™ of €2.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 261 Telecommunication Services companies, Telefonica Deutschland Holding AG ranks worse than 68.2% on this metric.
The historical rank and industry rank for Telefonica Deutschland Holding AG's Price-to-Tangible-Book or its related term are showing as below:
HAM:O2D'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4 Med: 9.69 Max: 68.82
Current: 4.04
During the past 13 years, Telefonica Deutschland Holding AG's highest Price to Tangible Book Ratio was 68.82. The lowest was 4.00. And the median was 9.69.
HAM:O2D's Price-to-Tangible-Book is ranked worse than 68.2% of 261
companies
in the Telecommunication Services industry
Industry Median: 2.48
vs HAM:O2D: 4.04
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Telefonica Deutschland Holding AG Price-to-Tangible-Book Related Terms
Telefonica Deutschland Holding AG Price-to-Tangible-Book 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.
Telefonica Deutschland Holding AG Price-to-Tangible-Book Chart
HAM:O2D vs TMUS, VZ, T: Price-to-Tangible-Book Comparison
For the Telecom Services subindustry, Telefonica Deutschland Holding AG's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Deutschland Holding AG Price-to-Tangible-Book vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telefonica Deutschland Holding AG's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Telefonica Deutschland Holding AG's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Telefonica Deutschland Holding AG (HAM:O2D) has a Price-to-Tangible-Book of 4.05 as of Jul. 25, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Telefonica Deutschland Holding AG and its competitors. This is 58% below median its historical median of 9.69. Over the past decade, Telefonica Deutschland Holding AG's Price-to-Tangible-Book has ranged from 4.00 to 68.82. According to the industry distribution chart, Telefonica Deutschland Holding AG ranks #178 out of 261 companies in the Telecommunication Services industry, placing it in the top 68.2%.
Is Telefonica Deutschland Holding AG's Price-to-Tangible-Book too high?
Telefonica Deutschland Holding AG's current Price-to-Tangible-Book of 4.05 is 58% below median its 10-year median of 9.69. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 68.82. The Telecommunication Services industry median Price-to-Tangible-Book is 2.48. Telefonica Deutschland Holding AG's value of 4.05 is 63.3% above this industry median. Based on the distribution chart, Telefonica Deutschland Holding AG ranks #178 out of 261 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telefonica Deutschland Holding AG has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telefonica Deutschland Holding AG's Price-to-Tangible-Book compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telefonica Deutschland Holding AG ranks #178 out of 261 companies for Price-to-Tangible-Book. This places Telefonica Deutschland Holding AG in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.48. Telefonica Deutschland Holding AG's value of 4.05 is 63.3% above this benchmark. Historically, Telefonica Deutschland Holding AG's own Price-to-Tangible-Book has ranged from 4.00 to 68.82 over the past decade. While the company's 10-year median is 9.69 vs. the industry median of 2.48, Telefonica Deutschland Holding AG 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 Price-to-Tangible-Book for a Telecommunication Services company?
The median Price-to-Tangible-Book among Telecommunication Services companies is 2.48, based on 261 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Telefonica Deutschland Holding AG's current Price-to-Tangible-Book of 4.05 is 63.3% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Telefonica Deutschland Holding AG and its competitors. For the Telecommunication Services industry, the median Price-to-Tangible-Book is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telefonica Deutschland Holding AG's current Price-to-Tangible-Book is 4.05, which is 58% below median its own 10-year median of 9.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telefonica Deutschland Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Telefonica Deutschland Holding AG (HAM:O2D) is currently considered Fairly Valued. The stock's GF Value™ is €2.09, compared to a current price of €1.98 — trading 5.3% below its estimated fair value. The current Price-to-Tangible-Book is 4.05, which is 58% below median its 10-year median of 9.69 and 63.3% above the Telecommunication Services industry median of 2.48. Telefonica Deutschland Holding AG's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Telefonica Deutschland Holding AG (HAM:O2D), the current Price-to-Tangible-Book is 4.05 as of Jul. 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 Telefonica Deutschland Holding AG (HAM:O2D) Overvalued in 2026?
Based on GuruFocus' analysis, Telefonica Deutschland Holding AG stock appears to be undervalued.
The current stock price of €1.98 is trading 5.3% below its estimated GF Value™ of €2.09.
GuruFocus considers Telefonica Deutschland Holding AG to be Fairly Valued.
Key valuation signals for HAM:O2D:
Price-to-Tangible-Book: 4.05 (58% below median its 10-year median of 9.69)
GF Value™: €2.09 vs. price of €1.98 (5.3% below fair value)
Industry Position: 63.3% above the Telecommunication Services median (#178 of 261)
No single metric tells the full story. See the HAM:O2D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telefonica Deutschland Holding AG Business Description
Telefonica Deutschland Holding AG is the German subsidiary of Telefonica, which provides integrated network operations in Germany. The company offers mobile and fixed-network services for private and business customers as well as digital products and services. Its core brand is O2. It includes secondary brands and partners such as ALDI TALK, Tchibo MOBIL, AY YILDIZ, and others.
66GF Score
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