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Empresa Metropolitana de Aguas & Energia (BSP:EMAE3) Cyclically Adjusted Book per Share : R$59.01 (As of Mar. 2025)


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What is Empresa Metropolitana de Aguas & Energia Cyclically Adjusted Book per Share?

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.

Empresa Metropolitana de Aguas & Energia's adjusted book value per share for the three months ended in Mar. 2025 was R$33.327. 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$59.01 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Empresa Metropolitana de Aguas & Energia's average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.30% 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 Empresa Metropolitana de Aguas & Energia was 3.30% per year. The lowest was 3.30% per year. And the median was 3.30% per year.

As of today (2025-05-31), Empresa Metropolitana de Aguas & Energia's current stock price is R$70.00. Empresa Metropolitana de Aguas & Energia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$59.01. Empresa Metropolitana de Aguas & Energia's Cyclically Adjusted PB Ratio of today is 1.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Empresa Metropolitana de Aguas & Energia was 3.59. The lowest was 0.96. And the median was 1.64.


Empresa Metropolitana de Aguas & Energia Cyclically Adjusted Book per Share Historical Data

The historical data trend for Empresa Metropolitana de Aguas & 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.

* Premium members only.

Empresa Metropolitana de Aguas & Energia Cyclically Adjusted Book per Share Chart

Empresa Metropolitana de Aguas & Energia Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.35 9.60 11.03 13.17 51.60

Empresa Metropolitana de Aguas & Energia Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 9.06 44.21 53.73 51.60 59.01

Competitive Comparison of Empresa Metropolitana de Aguas & Energia's Cyclically Adjusted Book per Share

For the Utilities - Diversified subindustry, Empresa Metropolitana de Aguas & 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.


Empresa Metropolitana de Aguas & Energia's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Empresa Metropolitana de Aguas & Energia's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Empresa Metropolitana de Aguas & Energia's Cyclically Adjusted PB Ratio falls into.


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Empresa Metropolitana de Aguas & 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, Empresa Metropolitana de Aguas & Energia's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=33.327/168.1016*168.1016
=33.327

Current CPI (Mar. 2025) = 168.1016.

Empresa Metropolitana de Aguas & Energia Quarterly Data

Book Value per Share CPI Adj_Book
201506 18.853 100.006 31.690
201509 19.768 101.392 32.774
201512 20.589 104.247 33.200
201603 20.671 106.979 32.481
201606 21.232 108.851 32.789
201609 21.839 109.986 33.378
201612 19.567 110.802 29.686
201703 19.770 111.869 29.708
201706 19.692 112.115 29.526
201709 20.004 112.777 29.817
201712 22.191 114.068 32.703
201803 22.622 114.868 33.106
201806 23.065 117.038 33.128
201809 23.235 117.881 33.134
201812 23.516 118.340 33.404
201903 24.078 120.124 33.695
201906 24.433 120.977 33.950
201909 24.870 121.292 34.468
201912 26.801 123.436 36.499
202003 27.065 124.092 36.664
202006 27.574 123.557 37.515
202009 28.682 125.095 38.543
202012 19.447 129.012 25.339
202103 20.719 131.660 26.454
202106 20.973 133.871 26.336
202109 21.842 137.913 26.623
202112 19.967 141.992 23.638
202203 20.665 146.537 23.706
202206 20.795 149.784 23.338
202209 25.093 147.800 28.540
202212 30.427 150.207 34.052
202303 30.938 153.352 33.914
202306 30.258 154.519 32.918
202309 31.371 155.464 33.921
202312 29.461 157.148 31.514
202403 30.070 159.372 31.717
202406 30.923 161.052 32.277
202409 31.134 162.342 32.238
202412 32.065 164.740 32.719
202503 33.327 168.102 33.327

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


Empresa Metropolitana de Aguas & Energia  (BSP:EMAE3) 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.

Empresa Metropolitana de Aguas & Energia's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=70.00/59.01
=1.19

* 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 Empresa Metropolitana de Aguas & Energia was 3.59. The lowest was 0.96. And the median was 1.64.


Be Aware

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


Empresa Metropolitana de Aguas & Energia Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Empresa Metropolitana de Aguas & Energia's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Empresa Metropolitana de Aguas & Energia Business Description

Traded in Other Exchanges
Address
Avenida Jornalista Roberto Marinho, No. 85, 16th Floor 17 andares, Bairro de Cidade Moncoes, Sao Paulo, SP, BRA, 04576-010
Empresa Metropolitana de Aguas & Energia SA is engaged in electricity generation. The company manages a complex hydraulic system that includes dykes, dams, and reservoirs, with notable ones being Billings and Guarapiranga, located in the southern zone of Sao Paulo city, as well as the Sao Paulo and Pedreira pumping stations and the Pinheiros River canal. The company's activities include electricity supply, the construction of energy generation assets, and the provision of operation and maintenance services for power plants and related structures, serving both private companies and public sector entities.

Empresa Metropolitana de Aguas & Energia Headlines

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