Question 1

What is Telephone and Data Systems's P/B ratio?

Accepted Answer

Telephone and Data Systems (TDS) P/B ratio is 0.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Telephone and Data Systems?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Telephone and Data Systems specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

Is Telephone and Data Systems's P/B ratio high or low?

Accepted Answer

Telephone and Data Systems's P/B ratio of 0.8× is above its own 5-year average of 0.5× and below the sector median of 3.1×. That places the current reading at the 76th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Telephone and Data Systems's historical P/B ratio range?

Accepted Answer

In the available daily series, Telephone and Data Systems (TDS) P/B ratio has ranged from a low of 0.1× in 2023 to a high of 2.1× in 2007. The 5-year average is 0.5× and the 5-year median is 0.4×.

Question 7

What was Telephone and Data Systems's P/B ratio in 2025?

Accepted Answer

Telephone and Data Systems (TDS) P/B ratio at the end of 2025 was 1.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Telephone and Data Systems's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$4.71B	$4.8B	1.0×	+0.2×	Dec 31, 2025
2024	$3.89B	$5.09B	0.8×	+0.4×	Dec 31, 2024
2023	$2.07B	$5.2B	0.4×	+0.2×	Dec 31, 2023
2022	$1.19B	$5.85B	0.2×	-0.2×	Dec 31, 2022
2021	$2.32B	$5.93B	0.4×	-0.0×	Dec 31, 2021
2020	$2.12B	$4.8B	0.4×	-0.2×	Dec 31, 2020
2019	$2.92B	$4.65B	0.6×	-0.2×	Dec 31, 2019
2018	$3.68B	$4.56B	0.8×	+0.1×	Dec 31, 2018
2017	$3.09B	$4.27B	0.7×	-0.0×	Dec 31, 2017
2016	$3.18B	$4.15B	0.8×	+0.1×	Dec 31, 2016
2015	$2.82B	$4.13B	0.7×	+0.0×	Dec 31, 2015
2014	$2.63B	$3.93B	0.7×	-0.0×	Dec 31, 2014
2013	$2.8B	$4.12B	0.7×	+0.1×	Dec 31, 2013
2012	$2.4B	$4.01B	0.6×	-0.1×	Dec 31, 2012
2011	$2.59B	$3.96B	0.7×	-0.3×	Dec 31, 2011
2010	$3.8B	$3.81B	1.0×	+0.0×	Dec 31, 2010
2009	$3.59B	$3.78B	1.0×	+0.0×	Dec 31, 2009
2008	$3.56B	$3.77B	0.9×	-0.9×	Dec 31, 2008
2007	$7.36B	$3.93B	1.9×	+0.1×	Dec 31, 2007
2006	$6.35B	$3.57B	1.8×	+0.5×	Dec 31, 2006
2005	$4.17B	$3.35B	1.2×	-0.2×	Dec 31, 2005
2004	$4.54B	$3.19B	1.4×	+0.2×	Dec 31, 2004
2003	$3.67B	$3.1B	1.2×	+0.3×	Dec 31, 2003
2002	$2.82B	$3.05B	0.9×	—	Dec 31, 2002


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P/B Ratio for Telephone and Data Systems (TDS) 2002-2026

P/B Ratio daily chart for Telephone and Data Systems (TDS)

Historical P/B Ratio for Telephone and Data Systems (TDS) from 2002 to 2025

About P/B Ratio at Telephone and Data Systems (TDS)

Telephone and Data Systems P/B Ratio by Year

Telephone and Data Systems P/B Ratio 2025: 1.0×

Telephone and Data Systems P/B Ratio 2024: 0.8×

Telephone and Data Systems P/B Ratio 2023: 0.4×

Telephone and Data Systems P/B Ratio 2022: 0.2×

Telephone and Data Systems P/B Ratio 2021: 0.4×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Telephone and Data Systems (TDS) Key Financials