Centrais Eletricas denta Catarina (BSP:CLSC4) Cyclically Adjusted Book per Share: R$92.98 (As of Mar. 2026)


BSP:CLSC4 Centrais Eletricas de Santa Catarina SA BSP:CLSC4
62 GF Score
Price R$137.52
GF Value R$100.55
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Centrais Eletricas denta Catarina Cyclically Adjusted Book per Share?

Centrais Eletricas denta Catarina BSP:CLSC4 +0.38% 62 Cyclically Adjusted Book per Share is R$92.98 as of Mar. 2026. GuruFocus rates BSP:CLSC4 with a GF Score™ of 62/100 and a GF Value™ of R$100.55 (Modestly Overvalued). The stock has 9 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.

Centrais Eletricas denta Catarina's adjusted book value per share for the three months ended in Mar. 2026 was R$107.371. 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$92.98 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Centrais Eletricas denta Catarina's average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.60% 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 Centrais Eletricas denta Catarina was 3.80% per year. The lowest was 0.10% per year. And the median was 2.55% per year.

As of today (2026-06-28), Centrais Eletricas denta Catarina's current stock price is R$137.52. Centrais Eletricas denta Catarina's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$92.98. Centrais Eletricas denta Catarina's Cyclically Adjusted PB Ratio of today is 1.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Centrais Eletricas denta Catarina was 1.61. The lowest was 0.36. And the median was 0.82.


Centrais Eletricas denta Catarina  (BSP:CLSC4) 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.

Centrais Eletricas denta Catarina's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=137.52/92.98
=1.48

* 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 Centrais Eletricas denta Catarina was 1.61. The lowest was 0.36. And the median was 0.82.


Be Aware

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


Centrais Eletricas denta Catarina Cyclically Adjusted Book per Share Related Terms


Centrais Eletricas denta Catarina Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Centrais Eletricas denta Catarina'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.

Centrais Eletricas denta Catarina Cyclically Adjusted Book per Share Chart

Centrais Eletricas denta Catarina 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 80.26 79.72 80.70 79.80 88.65

Centrais Eletricas denta Catarina Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 84.21 92.02 84.20 88.65 92.98

BSP:CLSC4 vs NEE, SO, DUK: Cyclically Adjusted Book per Share Comparison

For the Utilities - Regulated Electric subindustry, Centrais Eletricas denta Catarina'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 denta Catarina Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Centrais Eletricas denta Catarina's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:CLSC4
62GF Score
Centrais Eletricas de Santa Catarina SA BSP:CLSC4
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Centrais Eletricas denta Catarina 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, Centrais Eletricas denta Catarina's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=107.371/175.0655*175.0655
=107.371

Current CPI (Mar. 2026) = 175.0655.

Centrais Eletricas denta Catarina Quarterly Data

Book Value per Share CPI Adj_Book
201606 53.603 108.851 86.210
201609 56.757 109.986 90.340
201612 53.817 110.802 85.030
201703 56.453 111.869 88.344
201706 53.875 112.115 84.125
201709 55.413 112.777 86.018
201712 47.761 114.068 73.301
201803 49.166 114.868 74.932
201806 51.030 117.038 76.331
201809 52.121 117.881 77.405
201812 46.688 118.340 69.067
201903 48.734 120.124 71.024
201906 49.939 120.977 72.266
201909 52.510 121.292 75.790
201912 36.480 123.436 51.738
202003 40.215 124.092 56.734
202006 41.788 123.557 59.209
202009 43.870 125.095 61.394
202012 51.453 129.012 69.820
202103 56.616 131.660 75.281
202106 59.213 133.871 77.434
202109 63.765 137.913 80.943
202112 67.960 141.992 83.789
202203 73.798 146.537 88.165
202206 75.163 149.784 87.850
202209 76.048 147.800 90.077
202212 74.748 150.207 87.119
202303 79.212 153.352 90.428
202306 82.993 154.519 94.029
202309 82.637 155.464 93.056
202312 76.028 157.148 84.696
202403 80.899 159.372 88.865
202406 86.966 161.052 94.533
202409 87.706 162.342 94.580
202412 95.180 164.740 101.146
202503 100.172 168.102 104.322
202506 100.499 169.670 103.695
202509 102.443 170.739 105.039
202512 102.885 171.765 104.862
202603 107.371 175.066 107.371

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 R$92.98 mean?
Centrais Eletricas denta Catarina (BSP:CLSC4) has a Cyclically Adjusted Book per Share of R$92.98 as of Mar. 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 Centrais Eletricas denta Catarina and its competitors.
Is Centrais Eletricas denta Catarina's Cyclically Adjusted Book per Share too high?
Centrais Eletricas denta Catarina's current Cyclically Adjusted Book per Share is R$92.98. Overall, Centrais Eletricas denta Catarina has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Centrais Eletricas denta Catarina's Cyclically Adjusted Book per Share compare to NEE and SO?
Centrais Eletricas denta Catarina's Cyclically Adjusted Book per Share of R$92.98 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 Centrais Eletricas denta Catarina and its competitors. Centrais Eletricas denta Catarina's current Cyclically Adjusted Book per Share is R$92.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centrais Eletricas denta Catarina stock overvalued right now?
Based on GuruFocus' analysis, Centrais Eletricas denta Catarina (BSP:CLSC4) is currently considered Modestly Overvalued. The stock's GF Value™ is R$100.55, compared to a current price of R$137.52 — trading 36.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is R$92.98. Centrais Eletricas denta Catarina's overall GF Score™ is 62/100 with 9 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 Centrais Eletricas denta Catarina (BSP:CLSC4), the current Cyclically Adjusted Book per Share is R$92.98 as of Mar. 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 Centrais Eletricas denta Catarina (BSP:CLSC4) Overvalued in 2026?

Based on GuruFocus' analysis, Centrais Eletricas denta Catarina stock appears to be overvalued. The current stock price of R$137.52 is trading 36.8% above its estimated GF Value™ of R$100.55. GuruFocus considers Centrais Eletricas denta Catarina to be Modestly Overvalued.

Key valuation signals for BSP:CLSC4:

  • Cyclically Adjusted Book per Share: R$92.98
  • GF Value™: R$100.55 vs. price of R$137.52 (36.8% above fair value)
  • GF Score™: 62/100 with 9 warning signs

No single metric tells the full story. See the BSP:CLSC4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Centrais Eletricas denta Catarina Business Description

Other Exchanges CLSC3:Brazil
Address Avenida Itamarati, 160, Itacorubi neighborhood, Florianopolis, SC, BRA
Centrais Eletricas de Santa Catarina SA is a Brazil-based company. It is engaged in the generation, transmission, and distribution of electric energy. Its segments are Celesc D, and Celesc G. The company, through its subsidiaries, is also engaged in the operation, maintenance, expansion and sale related to its generating complex, formed by hydroelectric power plants established in partnership with private investors.
62GF Score

Get the complete analysis for BSP:CLSC4

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

R$137.52
Price
R$100.55
GF Value