ENGIE Brasil Energia (BSP:EGIE3) Cyclically Adjusted Book per Share: R$9.39 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BSP:EGIE3 ENGIE Brasil Energia SA BSP:EGIE3
69 GF Score
Price R$30.40
GF Value R$33.33
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is ENGIE Brasil Energia Cyclically Adjusted Book per Share?

ENGIE Brasil Energia BSP:EGIE3 -0.72% 69 Cyclically Adjusted Book per Share is R$9.39 as of Mar. 2026. GuruFocus rates BSP:EGIE3 with a GF Score™ of 69/100 and a GF Value™ of R$33.33 (Fairly Valued). The stock has 3 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.

ENGIE Brasil Energia's adjusted book value per share for the three months ended in Mar. 2026 was R$11.814. 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$9.39 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ENGIE Brasil Energia's average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.20% 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 ENGIE Brasil Energia was 5.30% per year. The lowest was 4.60% per year. And the median was 5.20% per year.

As of today (2026-07-17), ENGIE Brasil Energia's current stock price is R$30.40. ENGIE Brasil Energia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$9.39. ENGIE Brasil Energia's Cyclically Adjusted PB Ratio of today is 3.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ENGIE Brasil Energia was 5.68. The lowest was 2.87. And the median was 3.73.


ENGIE Brasil Energia  (BSP:EGIE3) 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.

ENGIE Brasil Energia's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.40/9.39
=3.24

* 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 ENGIE Brasil Energia was 5.68. The lowest was 2.87. And the median was 3.73.


Be Aware

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


ENGIE Brasil Energia Cyclically Adjusted Book per Share Related Terms


ENGIE Brasil Energia Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for ENGIE Brasil Energia'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.

ENGIE Brasil Energia Cyclically Adjusted Book per Share Chart

ENGIE Brasil Energia 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 7.56 7.85 8.13 8.64 9.16

ENGIE Brasil Energia 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 8.85 8.98 9.07 9.16 9.39

ENGIE Brasil Energia Cyclically Adjusted Book per Share Competitor Comparison

For the Utilities - Renewable subindustry, ENGIE Brasil Energia'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.


ENGIE Brasil Energia Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

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

* The bar in red indicates where ENGIE Brasil Energia's Cyclically Adjusted PB Ratio falls into.


BSP:EGIE3
69GF Score
ENGIE Brasil Energia SA BSP:EGIE3
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ENGIE Brasil Energia 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, ENGIE Brasil Energia'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)
=11.814/175.0655*175.0655
=11.814

Current CPI (Mar. 2026) = 175.0655.

ENGIE Brasil Energia Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.947 108.851 9.565
201609 5.719 109.986 9.103
201612 5.743 110.802 9.074
201703 6.129 111.869 9.591
201706 6.209 112.115 9.695
201709 5.692 112.777 8.836
201712 5.933 114.068 9.106
201803 6.357 114.868 9.688
201806 6.326 117.038 9.462
201809 5.746 117.881 8.533
201812 5.486 118.340 8.116
201903 5.980 120.124 8.715
201906 6.247 120.977 9.040
201909 6.574 121.292 9.488
201912 6.076 123.436 8.617
202003 5.857 124.092 8.263
202006 6.454 123.557 9.145
202009 6.206 125.095 8.685
202012 6.723 129.012 9.123
202103 7.026 131.660 9.342
202106 7.094 133.871 9.277
202109 6.847 137.913 8.692
202112 6.887 141.992 8.491
202203 7.261 146.537 8.675
202206 6.882 149.784 8.044
202209 6.988 147.800 8.277
202212 7.328 150.207 8.541
202303 8.030 153.352 9.167
202306 7.246 154.519 8.210
202309 7.328 155.464 8.252
202312 7.698 157.148 8.576
202403 9.363 159.372 10.285
202406 9.608 161.052 10.444
202409 9.379 162.342 10.114
202412 9.786 164.740 10.399
202503 10.496 168.102 10.931
202506 10.692 169.670 11.032
202509 10.688 170.739 10.959
202512 11.082 171.765 11.295
202603 11.814 175.066 11.814

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$9.39 mean?
ENGIE Brasil Energia (BSP:EGIE3) has a Cyclically Adjusted Book per Share of R$9.39 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 ENGIE Brasil Energia and its competitors.
Is ENGIE Brasil Energia's Cyclically Adjusted Book per Share too high?
ENGIE Brasil Energia's current Cyclically Adjusted Book per Share is R$9.39. Overall, ENGIE Brasil Energia has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ENGIE Brasil Energia's Cyclically Adjusted Book per Share compare to competitors?
ENGIE Brasil Energia's Cyclically Adjusted Book per Share of R$9.39 can be compared against companies in the Utilities - Independent Power Producers 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 - Independent Power Producers company?
A good Cyclically Adjusted Book per Share depends on the Utilities - Independent Power Producers 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 ENGIE Brasil Energia and its competitors. ENGIE Brasil Energia's current Cyclically Adjusted Book per Share is R$9.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENGIE Brasil Energia stock overvalued right now?
Based on GuruFocus' analysis, ENGIE Brasil Energia (BSP:EGIE3) is currently considered Fairly Valued. The stock's GF Value™ is R$33.33, compared to a current price of R$30.40 — trading 8.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is R$9.39. ENGIE Brasil Energia's overall GF Score™ is 69/100 with 3 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 ENGIE Brasil Energia (BSP:EGIE3), the current Cyclically Adjusted Book per Share is R$9.39 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 ENGIE Brasil Energia (BSP:EGIE3) Overvalued in 2026?

Based on GuruFocus' analysis, ENGIE Brasil Energia stock appears to be undervalued. The current stock price of R$30.40 is trading 8.8% below its estimated GF Value™ of R$33.33. GuruFocus considers ENGIE Brasil Energia to be Fairly Valued.

Key valuation signals for BSP:EGIE3:

  • Cyclically Adjusted Book per Share: R$9.39
  • GF Value™: R$33.33 vs. price of R$30.40 (8.8% below fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the BSP:EGIE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ENGIE Brasil Energia Business Description

Other Exchanges EGIEY:USA
Address Rua Pascoal Apostle Pitsica, 5064, Agronomica, Florianopolis, SC, BRA, 88025-255
ENGIE Brasil Energia SA develops, operates, and commercializes electric energy power plants in Brazil. The company operates in four segments: Generation and sale: this is the Company's main business, and it includes the generation and sale of the electricity in the portfolio; Transmission: the Company is responsible for the construction and installation of the infrastructure related to the transmission concession of the Gralha Azul, Novo Estado, Gaviao Real, Asa Branca and Grauna Transmission Systems, being exposed to the risks and benefits of this construction; Trading: this segment aims to obtain results through the variation in energy prices, within previously established risk limits; Gas transportation: operates in the gas markets through its joint-venture TAG.
69GF Score

Get the complete analysis for BSP:EGIE3

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

R$30.40
Price
R$33.33
GF Value