Equatorial Para Distribuidora De Energia (BSP:EQPA3) Cyclically Adjusted Book per Share: R$2.09 (As of Jun. 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:EQPA3 Equatorial Para Distribuidora De Energia SA BSP:EQPA3
79 GF Score
Price R$5.52
GF Value R$6.98
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Equatorial Para Distribuidora De Energia Cyclically Adjusted Book per Share?

Equatorial Para Distribuidora De Energia BSP:EQPA3 +0.18% 79 Cyclically Adjusted Book per Share is R$2.09 as of Jun. 2026. GuruFocus rates BSP:EQPA3 with a GF Score™ of 79/100 and a GF Value™ of R$6.98 (Modestly Undervalued). 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.

Equatorial Para Distribuidora De Energia's adjusted book value per share for the three months ended in Jun. 2026 was R$2.377. 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$2.09 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Equatorial Para Distribuidora De Energia's average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.20% 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 Equatorial Para Distribuidora De Energia was 12.60% per year. The lowest was 11.60% per year. And the median was 11.80% per year.

As of today (2026-09-08), Equatorial Para Distribuidora De Energia's current stock price is R$5.52. Equatorial Para Distribuidora De Energia's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$2.09. Equatorial Para Distribuidora De Energia's Cyclically Adjusted PB Ratio of today is 2.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Equatorial Para Distribuidora De Energia was 5.39. The lowest was 2.47. And the median was 4.03.


Equatorial Para Distribuidora De Energia  (BSP:EQPA3) 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.

Equatorial Para Distribuidora De Energia's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.52/2.09
=2.64

* 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 Equatorial Para Distribuidora De Energia was 5.39. The lowest was 2.47. And the median was 4.03.


Be Aware

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


Equatorial Para Distribuidora De Energia Cyclically Adjusted Book per Share Related Terms


Equatorial Para Distribuidora De Energia Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Equatorial Para Distribuidora De 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.

Equatorial Para Distribuidora De Energia Cyclically Adjusted Book per Share Chart

Equatorial Para Distribuidora De 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 1.28 1.38 1.53 1.79 1.97

Equatorial Para Distribuidora De Energia 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 1.90 1.94 1.97 2.04 2.09

BSP:EQPA3 vs NEE, SO, DUK: Cyclically Adjusted Book per Share Comparison

For the Utilities - Regulated Electric subindustry, Equatorial Para Distribuidora De 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.


Equatorial Para Distribuidora De Energia Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Equatorial Para Distribuidora De Energia's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Equatorial Para Distribuidora De Energia's Cyclically Adjusted PB Ratio falls into.


BSP:EQPA3
79GF Score
Equatorial Para Distribuidora De Energia SA BSP:EQPA3
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Equatorial Para Distribuidora De 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, Equatorial Para Distribuidora De Energia'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)
=2.377/177.5443*177.5443
=2.377

Current CPI (Jun. 2026) = 177.5443.

Equatorial Para Distribuidora De Energia Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.938 109.986 1.514
201612 0.959 110.802 1.537
201703 0.966 111.869 1.533
201706 0.976 112.115 1.546
201709 1.062 112.777 1.672
201712 1.169 114.068 1.820
201803 1.169 114.868 1.807
201806 1.189 117.038 1.804
201809 1.250 117.881 1.883
201812 1.361 118.340 2.042
201903 1.384 120.124 2.046
201906 1.406 120.977 2.063
201909 1.485 121.292 2.174
201912 1.495 123.436 2.150
202003 1.547 124.092 2.213
202006 1.519 123.557 2.183
202009 1.644 125.095 2.333
202012 1.527 129.012 2.101
202103 1.576 131.660 2.125
202106 1.868 133.871 2.477
202109 1.633 137.913 2.102
202112 1.521 141.992 1.902
202203 1.664 146.537 2.016
202206 1.802 149.784 2.136
202209 1.969 147.800 2.365
202212 1.308 150.207 1.546
202303 1.495 153.352 1.731
202306 1.726 154.519 1.983
202309 2.016 155.464 2.302
202312 2.104 157.148 2.377
202403 2.297 159.372 2.559
202406 1.946 161.052 2.145
202409 2.201 162.342 2.407
202412 2.258 164.740 2.433
202503 2.438 168.102 2.575
202506 2.116 169.670 2.214
202509 2.297 170.739 2.389
202512 2.344 171.765 2.423
202603 2.519 175.066 2.555
202606 2.377 177.544 2.377

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$2.09 mean?
Equatorial Para Distribuidora De Energia (BSP:EQPA3) has a Cyclically Adjusted Book per Share of R$2.09 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 Equatorial Para Distribuidora De Energia and its competitors.
Is Equatorial Para Distribuidora De Energia's Cyclically Adjusted Book per Share too high?
Equatorial Para Distribuidora De Energia's current Cyclically Adjusted Book per Share is R$2.09. Overall, Equatorial Para Distribuidora De Energia has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Equatorial Para Distribuidora De Energia's Cyclically Adjusted Book per Share compare to NEE and SO?
Equatorial Para Distribuidora De Energia's Cyclically Adjusted Book per Share of R$2.09 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 Equatorial Para Distribuidora De Energia and its competitors. Equatorial Para Distribuidora De Energia's current Cyclically Adjusted Book per Share is R$2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equatorial Para Distribuidora De Energia stock overvalued right now?
Based on GuruFocus' analysis, Equatorial Para Distribuidora De Energia (BSP:EQPA3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$6.98, compared to a current price of R$5.52 — trading 20.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is R$2.09. Equatorial Para Distribuidora De Energia's overall GF Score™ is 79/100 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 Equatorial Para Distribuidora De Energia (BSP:EQPA3), the current Cyclically Adjusted Book per Share is R$2.09 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 Equatorial Para Distribuidora De Energia (BSP:EQPA3) Overvalued in 2026?

Based on GuruFocus' analysis, Equatorial Para Distribuidora De Energia stock appears to be undervalued. The current stock price of R$5.52 is trading 20.9% below its estimated GF Value™ of R$6.98. GuruFocus considers Equatorial Para Distribuidora De Energia to be Modestly Undervalued.

Key valuation signals for BSP:EQPA3:

  • Cyclically Adjusted Book per Share: R$2.09
  • GF Value™: R$6.98 vs. price of R$5.52 (20.9% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the BSP:EQPA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Equatorial Para Distribuidora De Energia Business Description

Other Exchanges EQPA5:Brazil
Address Rodovia Augusto Montenegro Km 8.5, Coqueiro, BRA
Equatorial Para Distribuidora De Energia SA engages in the generation, transmission, and distribution of electricity in Brazil. The company supplies electricity for residential, commercial, industrial, and rural consumption. It operates through various power generation sources, including thermal, hydroelectric, nuclear, and wind plants.
79GF Score

Get the complete analysis for BSP:EQPA3

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

R$5.52
Price
R$6.98
GF Value