Electricity Generating PCL (FRA:ECGF) Cyclically Adjusted Book per Share: €5.76 (As of Mar. 2026)


FRA:ECGF Electricity Generating PCL FRA:ECGF
63 GF Score
Price €2.94
GF Value €1.98
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Electricity Generating PCL Cyclically Adjusted Book per Share?

Electricity Generating PCL FRA:ECGF +0.68% 63 Cyclically Adjusted Book per Share is €5.76 as of Mar. 2026. GuruFocus rates FRA:ECGF with a GF Score™ of 63/100 and a GF Value™ of €1.98 (Significantly Overvalued). The stock has 10 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.

Electricity Generating PCL's adjusted book value per share for the three months ended in Mar. 2026 was €5.205. 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 €5.76 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Electricity Generating PCL's average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.00% 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 Electricity Generating PCL was 9.70% per year. The lowest was 4.30% per year. And the median was 7.70% per year.

As of today (2026-06-29), Electricity Generating PCL's current stock price is €2.94. Electricity Generating PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €5.76. Electricity Generating PCL's Cyclically Adjusted PB Ratio of today is 0.51.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Electricity Generating PCL was 2.49. The lowest was 0.39. And the median was 0.98.


Electricity Generating PCL  (FRA:ECGF) 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.

Electricity Generating PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.94/5.76
=0.51

* 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 Electricity Generating PCL was 2.49. The lowest was 0.39. And the median was 0.98.


Be Aware

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


Electricity Generating PCL Cyclically Adjusted Book per Share Related Terms


Electricity Generating PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Electricity Generating PCL'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.

Electricity Generating PCL Cyclically Adjusted Book per Share Chart

Electricity Generating PCL 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 4.67 5.33 5.51 6.03 5.79

Electricity Generating PCL 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 5.76 5.56 5.74 5.79 5.76

FRA:ECGF vs CEG, VST, NRG: Cyclically Adjusted Book per Share Comparison

For the Utilities - Independent Power Producers subindustry, Electricity Generating PCL'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.


Electricity Generating PCL Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Electricity Generating PCL's Cyclically Adjusted PB Ratio falls into.


FRA:ECGF
63GF Score
Electricity Generating PCL FRA:ECGF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Electricity Generating PCL 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, Electricity Generating PCL'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)
=5.205/330.2130*330.2130
=5.205

Current CPI (Mar. 2026) = 330.2130.

Electricity Generating PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.815 241.018 5.227
201609 3.898 241.428 5.331
201612 4.126 241.432 5.643
201703 4.252 243.801 5.759
201706 4.232 244.955 5.705
201709 4.131 246.819 5.527
201712 4.244 246.524 5.685
201803 4.934 249.554 6.529
201806 5.152 251.989 6.751
201809 5.038 252.439 6.590
201812 5.117 251.233 6.726
201903 5.428 254.202 7.051
201906 5.542 256.143 7.145
201909 5.812 256.759 7.475
201912 5.916 256.974 7.602
202003 5.219 258.115 6.677
202006 5.305 257.797 6.795
202009 5.234 260.280 6.640
202012 5.307 260.474 6.728
202103 5.534 264.877 6.899
202106 5.442 271.696 6.614
202109 5.504 274.310 6.626
202112 5.682 278.802 6.730
202203 6.225 287.504 7.150
202206 6.384 296.311 7.114
202209 6.740 296.808 7.499
202212 6.214 296.797 6.914
202303 6.211 301.836 6.795
202306 6.273 305.109 6.789
202309 6.343 307.789 6.805
202312 5.225 306.746 5.625
202403 5.338 312.332 5.644
202406 5.263 314.175 5.532
202409 5.290 315.301 5.540
202412 5.545 315.605 5.802
202503 5.554 319.799 5.735
202506 5.300 322.561 5.426
202509 5.142 324.800 5.228
202512 5.127 324.054 5.224
202603 5.205 330.213 5.205

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 €5.76 mean?
Electricity Generating PCL (FRA:ECGF) has a Cyclically Adjusted Book per Share of €5.76 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 Electricity Generating PCL and its competitors.
Is Electricity Generating PCL's Cyclically Adjusted Book per Share too high?
Electricity Generating PCL's current Cyclically Adjusted Book per Share is €5.76. Overall, Electricity Generating PCL has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Electricity Generating PCL's Cyclically Adjusted Book per Share compare to CEG and VST?
Electricity Generating PCL's Cyclically Adjusted Book per Share of €5.76 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 Electricity Generating PCL and its competitors. Electricity Generating PCL's current Cyclically Adjusted Book per Share is €5.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electricity Generating PCL stock overvalued right now?
Based on GuruFocus' analysis, Electricity Generating PCL (FRA:ECGF) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.98, compared to a current price of €2.94 — trading 48.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is €5.76. Electricity Generating PCL's overall GF Score™ is 63/100 with 10 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 Electricity Generating PCL (FRA:ECGF), the current Cyclically Adjusted Book per Share is €5.76 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 Electricity Generating PCL (FRA:ECGF) Overvalued in 2026?

Based on GuruFocus' analysis, Electricity Generating PCL stock appears to be overvalued. The current stock price of €2.94 is trading 48.5% above its estimated GF Value™ of €1.98. GuruFocus considers Electricity Generating PCL to be Significantly Overvalued.

Key valuation signals for FRA:ECGF:

  • Cyclically Adjusted Book per Share: €5.76
  • GF Value™: €1.98 vs. price of €2.94 (48.5% above fair value)
  • GF Score™: 63/100 with 10 warning signs

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


Electricity Generating PCL Business Description

Other Exchanges EGCO:Thailand
Address Vibhavadi Rangsit Road, 222, EGCO Tower, 14th and 15th Floors, Tungsonghong, Laksi, Bangkok, THA, 10210
Electricity Generating PCL is engaged in the generation of electricity for sales to the government sector and industrial users. As a holding company, the majority of the company's revenue comes from its numerous subsidiaries and joint ventures located throughout Thailand and other regions. The company has two segments report which are comprised of electricity generation and other businesses. The majority of its revenue is derived from the electricity generation segment. Geographically, key revenue for the company is derived from Thailand and the rest from the Philippines and Australia.
63GF Score

Get the complete analysis for FRA:ECGF

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

€2.94
Price
€1.98
GF Value