27 years of historical data (1998–2024) · Communication Services · Telecommunications Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Telefônica Brasil S.A. trades at 25.8x earnings, 807% above its 5-year average of 2.8x, sitting at the 100th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.1x, the stock trades at a premium of 71%. On a free-cash-flow basis, the stock trades at 13.2x P/FCF, 802% above the 5-year average of 1.5x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $27.0B | $12.4B | $18.1B | $11.9B | $14.6B | $14.9B | $24.2B | $20.1B | $25.0B | $22.6B | $13.5B |
| Enterprise Value | $29.7B | $26.4B | $32.5B | $29.0B | $25.0B | $22.4B | $34.6B | $22.9B | $29.5B | $26.7B | $18.3B |
| P/E Ratio → | 25.83 | 2.23 | 3.61 | 2.93 | 2.33 | 3.13 | 4.84 | 2.26 | 5.79 | 5.89 | 4.20 |
| P/S Ratio | 2.50 | 0.22 | 0.35 | 0.25 | 0.33 | 0.35 | 0.55 | 0.46 | 0.58 | 0.53 | 0.33 |
| P/B Ratio | 2.05 | 0.18 | 0.26 | 0.17 | 0.21 | 0.21 | 0.34 | 0.28 | 0.36 | 0.33 | 0.20 |
| P/FCF | 13.22 | 1.17 | 1.82 | 1.32 | 1.66 | 1.35 | 2.72 | 5.88 | 5.86 | 5.69 | — |
| P/OCF | 7.02 | 0.62 | 0.97 | 0.63 | 0.81 | 0.77 | 1.36 | 1.69 | 1.98 | 1.97 | 1.29 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Telefônica Brasil S.A.'s enterprise value stands at 6.7x EBITDA, 397% above its 5-year average of 1.4x. The Communication Services sector median is 7.5x, placing the stock at a 10% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.47 | 0.62 | 0.60 | 0.57 | 0.52 | 0.78 | 0.53 | 0.68 | 0.63 | 0.46 |
| EV / EBITDA | 6.71 | 1.16 | 1.53 | 1.50 | 1.31 | 1.26 | 1.91 | 1.28 | 2.03 | 1.91 | 1.52 |
| EV / EBIT | 17.70 | 3.60 | 5.30 | 5.60 | 4.07 | 3.65 | 5.29 | 2.00 | 5.02 | 4.94 | 3.98 |
| EV / FCF | — | 2.51 | 3.26 | 3.20 | 2.85 | 2.03 | 3.90 | 6.69 | 6.89 | 6.73 | — |
Margins and return-on-capital ratios measuring operating efficiency
Telefônica Brasil S.A. earns an operating margin of 15.5%. Operating margins have expanded from 13.7% to 15.5% over the past 3 years, signaling improving operational efficiency. ROE of 8.0% is modest. ROIC of 7.8% represents adequate returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.9% | 43.9% | 43.5% | 42.9% | 43.7% | 47.4% | 49.9% | 51.6% | 53.1% | 51.0% | 49.5% |
| Operating Margin | 15.5% | 15.5% | 15.2% | 13.7% | 16.1% | 15.3% | 16.3% | 21.8% | 15.3% | 15.0% | 13.0% |
| Net Profit Margin | 9.9% | 9.9% | 9.7% | 8.5% | 14.2% | 11.1% | 11.3% | 20.5% | 10.7% | 9.6% | 8.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 8.0% | 7.3% | 5.9% | 8.9% | 6.8% | 7.0% | 12.7% | 6.6% | 5.9% | 5.9% |
| ROA | 4.5% | 4.5% | 4.2% | 3.5% | 5.6% | 4.4% | 4.7% | 8.8% | 4.5% | 4.0% | 3.8% |
| ROIC | 7.8% | 7.8% | 7.0% | 6.0% | 6.7% | 6.3% | 7.0% | 9.6% | 6.8% | 6.5% | 6.5% |
| ROCE | 8.6% | 8.6% | 8.0% | 6.9% | 7.7% | 7.3% | 8.2% | 11.2% | 8.0% | 7.7% | 7.4% |
Solvency and debt-coverage ratios — lower is generally safer
Telefônica Brasil S.A. carries a Debt/EBITDA ratio of 0.9x, which is very conservative (74% below the sector average of 3.5x). Net debt stands at $14.1B ($20.7B total debt minus $6.7B cash). Interest coverage of 15.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.27 | 0.28 | 0.24 | 0.19 | 0.20 | 0.09 | 0.12 | 0.13 | 0.15 |
| Debt / EBITDA | 0.91 | 0.91 | 0.88 | 1.00 | 0.89 | 0.74 | 0.76 | 0.34 | 0.58 | 0.66 | 0.85 |
| Net Debt / Equity | — | 0.20 | 0.21 | 0.25 | 0.15 | 0.11 | 0.15 | 0.04 | 0.06 | 0.06 | 0.07 |
| Net Debt / EBITDA | 0.61 | 0.61 | 0.67 | 0.88 | 0.55 | 0.42 | 0.58 | 0.15 | 0.30 | 0.29 | 0.41 |
| Debt / FCF | — | 1.33 | 1.44 | 1.88 | 1.19 | 0.68 | 1.17 | 0.81 | 1.03 | 1.04 | — |
| Interest Coverage | 15.03 | 15.03 | 17.53 | 3.00 | 7.67 | 8.46 | 29.18 | 18.53 | 6.20 | 17.62 | 13.78 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.94x is below 1.0, meaning current liabilities exceed current assets — though the company's $6.7B cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.78x to 0.94x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.94 | 0.94 | 0.96 | 0.78 | 0.94 | 1.07 | 1.05 | 1.07 | 0.94 | 0.90 | 1.00 |
| Quick Ratio | 0.90 | 0.90 | 0.92 | 0.74 | 0.91 | 1.03 | 1.02 | 1.04 | 0.92 | 0.88 | 0.96 |
| Cash Ratio | 0.28 | 0.28 | 0.22 | 0.10 | 0.29 | 0.32 | 0.19 | 0.20 | 0.23 | 0.25 | 0.30 |
| Asset Turnover | — | 0.45 | 0.43 | 0.40 | 0.38 | 0.40 | 0.41 | 0.42 | 0.43 | 0.42 | 0.40 |
| Inventory Turnover | 28.57 | 28.57 | 35.75 | 34.74 | 38.72 | 35.85 | 38.34 | 45.50 | 58.13 | 50.74 | 33.71 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Telefônica Brasil S.A. returns 3.7% to shareholders annually — split between a 1.8% dividend yield and 2.0% buyback yield. A payout ratio of 45.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.8% | 20.4% | 21.1% | 47.8% | 33.7% | 35.2% | 25.5% | 20.5% | 14.6% | 13.1% | 27.3% |
| Payout Ratio | 45.6% | 45.6% | 76.2% | 139.8% | 78.6% | 110.2% | 123.5% | 46.3% | 79.6% | 72.6% | 110.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 44.8% | 27.7% | 34.1% | 42.9% | 32.0% | 20.7% | 44.3% | 17.3% | 17.0% | 23.8% |
| FCF Yield | 7.6% | 85.2% | 55.0% | 75.7% | 60.3% | 74.0% | 36.7% | 17.0% | 17.1% | 17.6% | — |
| Buyback Yield | 2.0% | 22.3% | 2.7% | 5.1% | 3.4% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% |
| Total Shareholder Yield | 3.7% | 42.7% | 23.8% | 52.9% | 37.1% | 35.3% | 25.5% | 20.5% | 14.6% | 13.1% | 28.0% |
| Shares Outstanding | — | $1.6B | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | $1.7B | $1.5B |
Compare VIV with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| VIVYou | $27B | 25.8 | 6.7 | 13.2 | 43.9% | 15.5% | 8.0% | 7.8% | 0.9 |
| VZ | $211B | 12.3 | 8.3 | 10.5 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
| T | $196B | 9.2 | 7.4 | 10.1 | 79.8% | 19.2% | 17.7% | 7.0% | 3.4 |
| TBB | $139B | 7.5 | 6.1 | 7.2 | 79.8% | 19.2% | 17.7% | 7.0% | 3.4 |
| AMX | $78B | 17.4 | 6.3 | 11.2 | 42.9% | 21.0% | 18.1% | 11.2% | 2.6 |
| VOD | $36B | -8.1 | 7.3 | 3.5 | 33.4% | -1.1% | -7.0% | -0.3% | 5.5 |
| CHT | $34B | 27.2 | 12.5 | — | 20.6% | 20.6% | 9.9% | 9.2% | — |
| BCE | $25B | 200.0 | 6.6 | 13.1 | 68.4% | 22.7% | 1.8% | 7.6% | 3.6 |
| TEF | $24B | -65.1 | 5.2 | 4.0 | 69.6% | 5.8% | -0.2% | 2.9% | 4.0 |
| TU | $21B | 26.1 | 9.1 | 12.5 | 33.8% | 11.5% | 6.7% | 3.9% | 4.9 |
| TLK | $21B | 15.0 | 5.3 | 11.1 | 67.9% | 28.7% | 14.8% | 16.1% | 1.0 |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 27 years · Updated daily
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Start ComparisonTelefônica Brasil S.A.'s current P/E ratio is 25.8x. The historical average is 5.7x. This places it at the 100th percentile of its historical range.
Telefônica Brasil S.A.'s current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.1x.
Telefônica Brasil S.A.'s return on equity (ROE) is 8.0%. The historical average is 13.3%.
Based on historical data, Telefônica Brasil S.A. is trading at a P/E of 25.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Telefônica Brasil S.A.'s current dividend yield is 1.77% with a payout ratio of 45.6%.
Telefônica Brasil S.A. has 43.9% gross margin and 15.5% operating margin. Operating margin between 10-20% is typical for established companies.
Telefônica Brasil S.A.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.