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Centrais Eletricas Brasileiras (BSP:ELET6) Cyclically Adjusted PB Ratio : 0.68 (As of May. 20, 2024)


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What is Centrais Eletricas Brasileiras Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Centrais Eletricas Brasileiras's current share price is R$42.27. Centrais Eletricas Brasileiras's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$61.76. Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio for today is 0.68.

The historical rank and industry rank for Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:ELET6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.6   Max: 0.92
Current: 0.69

During the past years, Centrais Eletricas Brasileiras's highest Cyclically Adjusted PB Ratio was 0.92. The lowest was 0.17. And the median was 0.60.

BSP:ELET6's Cyclically Adjusted PB Ratio is ranked better than
66.79% of 262 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.215 vs BSP:ELET6: 0.69

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.

Centrais Eletricas Brasileiras's adjusted book value per share data for the three months ended in Mar. 2024 was R$50.027. 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 R$61.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Centrais Eletricas Brasileiras Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio 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.

Centrais Eletricas Brasileiras Cyclically Adjusted PB Ratio Chart

Centrais Eletricas Brasileiras Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.63 0.58 0.76 0.77

Centrais Eletricas Brasileiras Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.71 0.67 0.77 0.76

Competitive Comparison of Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, Centrais Eletricas Brasileiras'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.


Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio falls into.



Centrais Eletricas Brasileiras Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.27/61.76
=0.68

* 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.

Centrais Eletricas Brasileiras's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Centrais Eletricas Brasileiras's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=50.027/159.3724*159.3724
=50.027

Current CPI (Mar. 2024) = 159.3724.

Centrais Eletricas Brasileiras Quarterly Data

Book Value per Share CPI Adj_Book
201406 45.037 91.838 78.156
201409 43.081 92.602 74.145
201412 39.425 94.194 66.706
201503 42.739 97.799 69.647
201506 41.708 100.006 66.467
201509 38.702 101.392 60.833
201512 30.992 104.247 47.380
201603 28.192 106.979 41.999
201606 37.648 108.851 55.122
201609 38.287 109.986 55.479
201612 32.670 110.802 46.991
201703 33.716 111.869 48.033
201706 33.971 112.115 48.290
201709 34.408 112.777 48.624
201712 31.292 114.068 43.720
201803 32.670 114.868 45.328
201806 33.260 117.038 45.291
201809 32.012 117.881 43.279
201812 40.779 118.340 54.918
201903 42.101 120.124 55.857
201906 46.054 120.977 60.670
201909 46.598 121.292 61.228
201912 52.270 123.436 67.487
202003 0.000 124.092 0.000
202006 48.318 123.557 62.324
202009 48.352 125.095 61.601
202012 46.833 129.012 57.854
202103 46.411 131.660 56.180
202106 47.965 133.871 57.102
202109 48.523 137.913 56.073
202112 48.518 141.992 54.457
202203 50.236 146.537 54.636
202206 48.580 149.784 51.690
202209 48.450 147.800 52.244
202212 48.020 150.207 50.950
202303 48.062 153.352 49.949
202306 49.431 154.519 50.984
202309 50.188 155.464 51.450
202312 50.016 157.148 50.724
202403 50.027 159.372 50.027

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


Centrais Eletricas Brasileiras  (BSP:ELET6) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Centrais Eletricas Brasileiras Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Centrais Eletricas Brasileiras (BSP:ELET6) Business Description

Address
Rua da Quitanda 196, 9th floor, Centro, Rio de Janeiro, RJ, BRA, 20091-005
Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the administration segment. About half of Eletrobras' electricity sales are made using free market agreements, while the other half is completed through auctions and contracts.

Centrais Eletricas Brasileiras (BSP:ELET6) Headlines

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