E.ON SE (BSE:EOAN) Cyclically Adjusted Book per Share: lei24.59 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSE:EOAN E.ON SE BSE:EOAN
86 GF Score
Price lei92.70
GF Value lei66.26
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is E.ON SE Cyclically Adjusted Book per Share?

E.ON SE BSE:EOAN 86 Cyclically Adjusted Book per Share is lei24.59 as of Jun. 2026. GuruFocus rates BSE:EOAN with a GF Score™ of 86/100 and a GF Value™ of lei66.26 (Significantly Overvalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

E.ON SE's adjusted book value per share for the three months ended in Jun. 2026 was lei42.380. 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 lei24.59 for the trailing ten years ended in Jun. 2026.

During the past 12 months, E.ON SE's average Cyclically Adjusted Book Growth Rate was -2.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -16.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -15.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -14.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of E.ON SE was 6.00% per year. The lowest was -16.40% per year. And the median was -10.90% per year.

As of today (2026-09-04), E.ON SE's current stock price is lei92.70. E.ON SE's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was lei24.59. E.ON SE's Cyclically Adjusted PB Ratio of today is 3.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of E.ON SE was 4.34. The lowest was 0.31. And the median was 1.02.


E.ON SE  (BSE:EOAN) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

E.ON SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=92.70/24.59
=3.77

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of E.ON SE was 4.34. The lowest was 0.31. And the median was 1.02.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


E.ON SE Cyclically Adjusted Book per Share Related Terms


E.ON SE Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for E.ON SE's Cyclically Adjusted Book per Share 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.

E.ON SE Cyclically Adjusted Book per Share Chart

E.ON SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.39 38.69 32.59 26.20 22.60

E.ON SE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 24.29 23.71 22.60 23.03 24.59

BSE:EOAN vs SRE, AES: Cyclically Adjusted Book per Share Comparison

For the Utilities - Diversified subindustry, E.ON SE'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.


E.ON SE Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, E.ON SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where E.ON SE's Cyclically Adjusted PB Ratio falls into.


BSE:EOAN
86GF Score
E.ON SE BSE:EOAN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

E.ON SE Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, E.ON SE's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=42.38/131.3638*131.3638
=42.380

Current CPI (Jun. 2026) = 131.3638.

E.ON SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.128 101.017 1.467
201612 -2.583 101.217 -3.352
201703 2.434 101.417 3.153
201706 8.805 102.117 11.327
201709 9.009 102.717 11.522
201712 9.915 102.617 12.693
201803 11.527 102.917 14.713
201806 13.938 104.017 17.602
201809 14.287 104.718 17.922
201812 13.697 104.217 17.265
201903 13.125 104.217 16.544
201906 9.450 105.718 11.742
201909 15.080 106.018 18.685
201912 17.528 105.818 21.760
202003 12.278 105.718 15.257
202006 9.228 106.618 11.370
202009 8.892 105.818 11.039
202012 10.413 105.518 12.964
202103 16.748 107.518 20.462
202106 19.385 108.486 23.473
202109 21.984 109.435 26.389
202112 23.654 110.384 28.150
202203 27.362 113.968 31.538
202206 32.074 115.760 36.397
202209 32.798 118.818 36.261
202212 29.280 119.345 32.229
202303 29.473 122.402 31.631
202306 28.697 123.140 30.613
202309 29.249 124.195 30.937
202312 26.705 123.773 28.343
202403 28.149 125.038 29.573
202406 29.656 125.882 30.948
202409 30.661 126.198 31.916
202412 32.396 127.041 33.498
202503 35.077 127.779 36.061
202506 34.868 128.412 35.670
202509 36.405 129.255 36.999
202512 39.090 129.361 39.695
202603 43.807 131.258 43.842
202606 42.380 131.364 42.380

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

What does a Cyclically Adjusted Book per Share of lei24.59 mean?
E.ON SE (BSE:EOAN) has a Cyclically Adjusted Book per Share of lei24.59 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on E.ON SE and its competitors.
Is E.ON SE's Cyclically Adjusted Book per Share too high?
E.ON SE's current Cyclically Adjusted Book per Share is lei24.59. Overall, E.ON SE has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does E.ON SE's Cyclically Adjusted Book per Share compare to SRE and AES?
E.ON SE's Cyclically Adjusted Book per Share of lei24.59 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Utilities - Regulated company?
A good Cyclically Adjusted Book per Share depends on the Utilities - Regulated industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on E.ON SE and its competitors. E.ON SE's current Cyclically Adjusted Book per Share is lei24.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is E.ON SE stock overvalued right now?
Based on GuruFocus' analysis, E.ON SE (BSE:EOAN) is currently considered Significantly Overvalued. The stock's GF Value™ is lei66.26, compared to a current price of lei92.70 — trading 39.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is lei24.59. E.ON SE's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For E.ON SE (BSE:EOAN), the current Cyclically Adjusted Book per Share is lei24.59 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is E.ON SE (BSE:EOAN) Overvalued in 2026?

Based on GuruFocus' analysis, E.ON SE stock appears to be overvalued. The current stock price of lei92.70 is trading 39.9% above its estimated GF Value™ of lei66.26. GuruFocus considers E.ON SE to be Significantly Overvalued.

Key valuation signals for BSE:EOAN:

  • Cyclically Adjusted Book per Share: lei24.59
  • GF Value™: lei66.26 vs. price of lei92.70 (39.9% above fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the BSE:EOAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


E.ON SE Business Description

Address Brusseler Platz 1, Essen, NW, DEU, 45131
Since completing the transformative deal with RWE in 2020, E.On has two core businesses: energy networks and customer solutions. Its retail supply serves around 47 million customers primarily in Germany, the United Kingdom, Eastern Europe, the Netherlands, Belgium, and Sweden. Its networks business operates in Germany, Sweden, Eastern Europe, and Turkey.
86GF Score

Get the complete analysis for BSE:EOAN

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

lei92.70
Price
lei66.26
GF Value