Start with its own history
At 14.50×, VIV is 21.6% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · VIVTelecommunications ServicesUpdated Nov 5, 2026
Telefônica Brasil S.A. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
14.50×
21.6% abovethe 10-year annual average
Share price11.31
÷Earnings per share0.78
Price and EPS in quote currency. Calculation details
Investors are paying 14.50 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 11.93×
3-year average13.31×3 positive annual observations
5-year average11.30×5 positive annual observations
10-year average11.93×10 positive annual observations
Peer median · TTM12.97×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 17.33× | +28.2% |
| Dec 31, 2024 | 13.52× | +49.0% |
| Dec 31, 2023 | 9.08× | +0.3% |
| Dec 31, 2022 | 9.05× | +20.6% |
| Dec 31, 2021 | 7.50× | -29.5% |
| Dec 31, 2020 | 10.65× | -13.4% |
| Dec 31, 2019 | 12.30× | +86.9% |
| Dec 31, 2018 | 6.58× | -59.3% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 16.17× | -5.4% |
| Dec 31, 2016 | 17.10× | -10.1% |
| Dec 31, 2015 | 19.03× | +45.5% |
| Dec 31, 2014 | 13.08× | -40.2% |
| Dec 31, 2013 | 21.88× | -19.5% |
| Dec 31, 2012 | 27.20× | -9.7% |
| Dec 31, 2011 | 30.11× | -32.8% |
| Dec 31, 2010 | 44.79× | -36.1% |
| Dec 31, 2009 | 70.09× | -30.8% |
| Dec 31, 2008 | 101.26× | -9.7% |
| Dec 31, 2007 | 112.08× | +24.2% |
| Dec 31, 2006 | 90.27× | +39.0% |
| Dec 31, 2005 | 64.95× | -17.7% |
| Dec 31, 2004 | 78.95× | +8.0% |
| Dec 31, 2003 | 73.11× | +38.7% |
| Dec 31, 2002 | 52.71× | -11.8% |
| Dec 31, 2001 | 59.75× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How VIV compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 VIV This stockTelefônica Brasil S.A. | 14.50× |
 TIMBTIM S.A. | 11.00× |
 AMXAmérica Móvil, S.A.B. de C.V. | 15.20× |
 TEOTelecom Argentina S.A. | 10.32× |
 TIGOMillicom International Cellular S.A. | 19.37× |
 TELFYTelefónica, S.A. | N/M |
 VODVodafone Group Public Limited Company | N/M |
 DTEGYDeutsche Telekom AG | 14.95× |
 ORANYOrange S.A. | 5.45× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does VIV’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 12.97×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take VIV into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("VIV", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 11.31 ÷ EPS 0.78 = 14.50×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
VIV P/E ratio: common questions
The essentials behind the numbers.
Telefônica Brasil S.A.'s current P/E is 14.50× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.