Price to Book Value (P/BV)
since 2013
Calculation
T-Mobile US Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2025 | 4.31 | = | 232.97 | ÷ | 54.08 | 54.08 | = | 61,741 | ÷ | 1,141,744,952 | |
| Feb 2, 2024 | 2.97 | = | 161.78 | ÷ | 54.53 | 54.53 | = | 64,715 | ÷ | 1,186,867,575 | |
| Feb 14, 2023 | 2.58 | = | 147.49 | ÷ | 57.12 | 57.12 | = | 69,656 | ÷ | 1,219,383,110 | |
| Feb 11, 2022 | 2.25 | = | 124.48 | ÷ | 55.31 | 55.31 | = | 69,102 | ÷ | 1,249,289,954 | |
| Feb 23, 2021 | 2.27 | = | 119.22 | ÷ | 52.58 | 52.58 | = | 65,344 | ÷ | 1,242,804,085 | |
| Feb 6, 2020 | 2.46 | = | 82.77 | ÷ | 33.60 | 33.60 | = | 28,789 | ÷ | 856,932,845 | |
| Feb 7, 2019 | 2.35 | = | 68.28 | ÷ | 29.07 | 29.07 | = | 24,718 | ÷ | 850,221,464 | |
| Feb 8, 2018 | 2.23 | = | 58.88 | ÷ | 26.40 | 26.40 | = | 22,559 | ÷ | 854,428,593 | |
| Feb 14, 2017 | 2.79 | = | 61.60 | ÷ | 22.06 | 22.06 | = | 18,236 | ÷ | 826,525,821 | |
| Feb 17, 2016 | 1.82 | = | 36.85 | ÷ | 20.23 | 20.23 | = | 16,557 | ÷ | 818,420,728 | |
| Feb 19, 2015 | 1.64 | = | 31.85 | ÷ | 19.39 | 19.39 | = | 15,663 | ÷ | 807,778,654 | |
| Feb 25, 2014 | 1.72 | = | 30.47 | ÷ | 17.75 | 17.75 | = | 14,245 | ÷ | 802,454,478 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of T-Mobile US Inc. Annual Report.
- Share Price
- The share price demonstrated a general upward trend over the analyzed period. Starting at $30.47 in February 2014, it exhibited moderate increases in the initial years, reaching $36.85 in February 2016. A significant jump occurred between 2016 and 2017, where the price rose sharply to $61.60, nearly doubling the previous year's value. Subsequent years saw continued growth with some volatility, including a notable increase to $119.22 in 2021 and peaking at $232.97 by January 2025. This indicates strong market confidence and significant appreciation in the company's market value over time.
- Book Value per Share (BVPS)
- The book value per share also displayed an increasing pattern but at a more gradual and steady pace compared to the share price. Beginning at $17.75 in 2014, the BVPS rose consistently each year, reaching $33.60 by 2020. This growth accelerated thereafter, climbing sharply to $52.58 in 2021, followed by smaller fluctuations, and stabilizing near the mid-$50s in the final years, with $54.08 reported in early 2025. The data suggest sustained improvements in the company’s net asset value, supporting overall financial strength and capital accumulation.
- Price-to-Book Value Ratio (P/BV)
- The P/BV ratio reflected distinct dynamics between the market price and the book value of the shares. Initially, the ratio remained relatively stable, fluctuating close to 1.6 - 1.8 until 2016. A pronounced increase occurred in 2017, reaching 2.79, indicating the share price outpacing the growth in book value substantially during that period. Subsequently, the ratio oscillated between 2.23 and 2.97 for most of the following years, implying the market valuation was consistently about two to three times the book value. The latest data point, however, shows a sharp rise to 4.31 in 2025, suggesting an accelerated increase in share price relative to book value. This may indicate heightened investor expectations or market optimism beyond underlying net asset growth.
Comparison to Competitors
T-Mobile US Inc., P/BV, long-term trends, comparison to competitors
| T-Mobile US Inc. | AT&T Inc. | Verizon Communications Inc. | |
|---|---|---|---|
| Jan 31, 2025 | 4.31 | 1.74 | 1.72 |
| Feb 2, 2024 | 2.97 | 1.16 | 1.81 |
| Feb 14, 2023 | 2.58 | 1.41 | 1.84 |
| Feb 11, 2022 | 2.25 | 1.03 | 2.74 |
| Feb 23, 2021 | 2.27 | 1.26 | 3.45 |
| Feb 6, 2020 | 2.46 | 1.50 | 3.92 |
| Feb 7, 2019 | 2.35 | 1.22 | 4.29 |
| Feb 8, 2018 | 2.23 | 1.60 | 4.57 |
| Feb 14, 2017 | 2.79 | 2.07 | 8.95 |
| Feb 17, 2016 | 1.82 | 1.85 | 12.56 |
| Feb 19, 2015 | 1.64 | 2.05 | 16.48 |
| Feb 25, 2014 | 1.72 | 1.88 | 5.06 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
Comparison to Sector (Telecommunication Services)
T-Mobile US Inc., P/BV, long-term trends, comparison to sector (telecommunication services)
| T-Mobile US Inc. | Telecommunication Services | |
|---|---|---|
| Jan 31, 2025 | 4.31 | 2.33 |
| Feb 2, 2024 | 2.97 | 1.84 |
| Feb 14, 2023 | 2.58 | 1.88 |
| Feb 11, 2022 | 2.25 | 1.73 |
| Feb 23, 2021 | 2.27 | 1.99 |
| Feb 6, 2020 | 2.46 | 2.14 |
| Feb 7, 2019 | 2.35 | 1.95 |
| Feb 8, 2018 | 2.23 | 2.29 |
| Feb 14, 2017 | 2.79 | 3.09 |
| Feb 17, 2016 | 1.82 | 2.98 |
| Feb 19, 2015 | 1.64 | 3.54 |
| Feb 25, 2014 | 1.72 | 2.72 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
Comparison to Industry (Communication Services)
T-Mobile US Inc., P/BV, long-term trends, comparison to industry (communication services)
| T-Mobile US Inc. | Communication Services | |
|---|---|---|
| Jan 31, 2025 | 4.31 | 3.16 |
| Feb 2, 2024 | 2.97 | 4.49 |
| Feb 14, 2023 | 2.58 | 3.38 |
| Feb 11, 2022 | 2.25 | 4.29 |
| Feb 23, 2021 | 2.27 | 4.20 |
| Feb 6, 2020 | 2.46 | 3.70 |
| Feb 7, 2019 | 2.35 | 3.49 |
| Feb 8, 2018 | 2.23 | 4.14 |
| Feb 14, 2017 | 2.79 | 3.98 |
| Feb 17, 2016 | 1.82 | 3.88 |
| Feb 19, 2015 | 1.64 | 3.70 |
| Feb 25, 2014 | 1.72 | 3.60 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).