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Telecom Italia SpA (WBO:TITR) Cyclically Adjusted Book per Share : €0.00 (As of Jun. 2024)


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What is Telecom Italia SpA Cyclically Adjusted Book per Share?

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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 Book per Share and 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.

Telecom Italia SpA's adjusted book value per share for the three months ended in Jun. 2024 was €0.599. 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 €0.00 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Telecom Italia SpA's average Cyclically Adjusted Book Growth Rate was -3.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.50% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Telecom Italia SpA was 1.20% per year. The lowest was -3.90% per year. And the median was -3.40% per year.

As of today (2024-10-09), Telecom Italia SpA's current stock price is €0.2941. Telecom Italia SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €0.00. Telecom Italia SpA's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Telecom Italia SpA was 0.98. The lowest was 0.16. And the median was 0.44.


Telecom Italia SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Telecom Italia SpA's Cyclically Adjusted Book 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.

* Premium members only.

Telecom Italia SpA Cyclically Adjusted Book per Share Chart

Telecom Italia SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
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Telecom Italia SpA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Telecom Italia SpA's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Telecom Italia SpA'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.


Telecom Italia SpA's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

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



Telecom Italia SpA Cyclically Adjusted Book 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 Book per Share and 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.

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

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

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

For example, Telecom Italia SpA's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.599/120.7000*120.7000
=0.599

Current CPI (Jun. 2024) = 120.7000.

Telecom Italia SpA Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.917 99.814 1.109
201412 0.927 99.721 1.122
201503 0.938 99.814 1.134
201506 0.952 100.279 1.146
201509 0.928 100.000 1.120
201512 0.899 99.814 1.087
201603 0.939 99.600 1.138
201606 0.987 99.900 1.193
201609 1.003 100.100 1.209
201612 1.007 100.300 1.212
201703 1.023 101.000 1.223
201706 1.016 101.100 1.213
201709 1.034 101.200 1.233
201712 1.015 101.200 1.211
201803 1.017 101.800 1.206
201806 1.013 102.400 1.194
201809 0.939 102.600 1.105
201812 0.927 102.300 1.094
201903 0.931 102.800 1.093
201906 0.947 103.100 1.109
201909 0.960 102.900 1.126
201912 0.963 102.800 1.131
202003 0.979 102.900 1.148
202006 0.953 102.900 1.118
202009 0.954 102.300 1.126
202012 1.237 102.600 1.455
202103 1.198 103.700 1.394
202106 1.227 104.200 1.421
202109 1.226 104.900 1.411
202112 0.820 106.600 0.928
202203 0.837 110.400 0.915
202206 0.828 112.500 0.888
202209 0.728 114.200 0.769
202212 0.709 119.000 0.719
202303 0.681 118.800 0.692
202306 0.679 119.700 0.685
202309 0.658 120.300 0.660
202312 0.642 119.700 0.647
202403 0.621 120.200 0.624
202406 0.599 120.700 0.599

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


Telecom Italia SpA  (WBO:TITR) Cyclically Adjusted Book per Share Explanation

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

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Telecom Italia SpA was 0.98. The lowest was 0.16. And the median was 0.44.


Be Aware

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


Telecom Italia SpA Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Telecom Italia SpA's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Telecom Italia SpA Business Description

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Address
Corso D'Italia, 41, Roma, ITA, 00198
Telecom Italia is the incumbent telecommunications operator in Italy with more than 30% share in the Italian mobile market and 40% share in broadband. In the mobile market, it competes with Vodafone, Wind Tre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion, TIM will become a pure service provider. TIM also has a 20% wireless market share in Brazil and has started building a broadband network in the country, although its reach is very small compared with competitors Telefonica and America Movil.

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