Enerjisa Enerji AS (IST:ENJSA) Cyclically Adjusted Book per Share: ₺27.55 (As of Mar. 2026)


IST:ENJSA Enerjisa Enerji AS IST:ENJSA
82 GF Score
Price ₺104.00
GF Value ₺66.47
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Enerjisa Enerji AS Cyclically Adjusted Book per Share?

Enerjisa Enerji AS IST:ENJSA +0.87% 82 Cyclically Adjusted Book per Share is ₺27.55 as of Mar. 2026. GuruFocus rates IST:ENJSA with a GF Score™ of 82/100 and a GF Value™ of ₺66.47 (Significantly Overvalued). The stock has 4 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.

Enerjisa Enerji AS's adjusted book value per share for the three months ended in Mar. 2026 was ₺85.286. 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 ₺27.55 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-07-05), Enerjisa Enerji AS's current stock price is ₺104.00. Enerjisa Enerji AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺27.55. Enerjisa Enerji AS's Cyclically Adjusted PB Ratio of today is 3.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Enerjisa Enerji AS was 4.96. The lowest was 3.27. And the median was 3.91.


Enerjisa Enerji AS  (IST:ENJSA) 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.

Enerjisa Enerji AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=104.00/27.55
=3.77

* 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 Enerjisa Enerji AS was 4.96. The lowest was 3.27. And the median was 3.91.


Be Aware

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


Enerjisa Enerji AS Cyclically Adjusted Book per Share Related Terms


Enerjisa Enerji AS Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Enerjisa Enerji AS'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.

Enerjisa Enerji AS Cyclically Adjusted Book per Share Chart

Enerjisa Enerji AS 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 0.00 0.00 0.00 0.00 25.10

Enerjisa Enerji AS 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 0.00 0.00 23.25 25.10 27.55

IST:ENJSA vs NEE, SO, DUK: Cyclically Adjusted Book per Share Comparison

For the Utilities - Regulated Electric subindustry, Enerjisa Enerji AS'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.


Enerjisa Enerji AS Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Enerjisa Enerji AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Enerjisa Enerji AS's Cyclically Adjusted PB Ratio falls into.


IST:ENJSA
82GF Score
Enerjisa Enerji AS IST:ENJSA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enerjisa Enerji AS 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, Enerjisa Enerji AS'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)
=85.286/330.2130*330.2130
=85.286

Current CPI (Mar. 2026) = 330.2130.

Enerjisa Enerji AS Quarterly Data

Book Value per Share CPI Adj_Book
201512 7.993 236.525 11.159
201609 0.000 241.428 0.000
201612 4.019 241.432 5.497
201703 0.000 243.801 0.000
201706 7.942 244.955 10.706
201709 4.403 246.819 5.891
201712 4.979 246.524 6.669
201803 4.888 249.554 6.468
201806 5.123 251.989 6.713
201809 5.376 252.439 7.032
201812 5.333 251.233 7.010
201903 5.190 254.202 6.742
201906 5.363 256.143 6.914
201909 5.580 256.759 7.176
201912 5.787 256.974 7.436
202003 5.554 258.115 7.105
202006 5.855 257.797 7.500
202009 6.436 260.280 8.165
202012 6.057 260.474 7.679
202103 5.689 264.877 7.092
202106 6.022 271.696 7.319
202109 6.463 274.310 7.780
202112 7.917 278.802 9.377
202203 6.830 287.504 7.845
202206 7.637 296.311 8.511
202209 8.438 296.808 9.388
202212 49.818 296.797 55.427
202303 16.221 301.836 17.746
202306 33.818 305.109 36.601
202309 27.134 307.789 29.111
202312 70.626 306.746 76.029
202403 53.972 312.332 57.062
202406 55.254 314.175 58.075
202409 59.445 315.301 62.256
202412 82.516 315.605 86.335
202503 66.018 319.799 68.168
202506 70.356 322.561 72.025
202509 75.891 324.800 77.156
202512 81.086 324.054 82.627
202603 85.286 330.213 85.286

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 ₺27.55 mean?
Enerjisa Enerji AS (IST:ENJSA) has a Cyclically Adjusted Book per Share of ₺27.55 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 Enerjisa Enerji AS and its competitors.
Is Enerjisa Enerji AS's Cyclically Adjusted Book per Share too high?
Enerjisa Enerji AS's current Cyclically Adjusted Book per Share is ₺27.55. Overall, Enerjisa Enerji AS has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enerjisa Enerji AS's Cyclically Adjusted Book per Share compare to NEE and SO?
Enerjisa Enerji AS's Cyclically Adjusted Book per Share of ₺27.55 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 Enerjisa Enerji AS and its competitors. Enerjisa Enerji AS's current Cyclically Adjusted Book per Share is ₺27.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enerjisa Enerji AS stock overvalued right now?
Based on GuruFocus' analysis, Enerjisa Enerji AS (IST:ENJSA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺66.47, compared to a current price of ₺104.00 — trading 56.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₺27.55. Enerjisa Enerji AS's overall GF Score™ is 82/100 with 4 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 Enerjisa Enerji AS (IST:ENJSA), the current Cyclically Adjusted Book per Share is ₺27.55 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 Enerjisa Enerji AS (IST:ENJSA) Overvalued in 2026?

Based on GuruFocus' analysis, Enerjisa Enerji AS stock appears to be overvalued. The current stock price of ₺104.00 is trading 56.5% above its estimated GF Value™ of ₺66.47. GuruFocus considers Enerjisa Enerji AS to be Significantly Overvalued.

Key valuation signals for IST:ENJSA:

  • Cyclically Adjusted Book per Share: ₺27.55
  • GF Value™: ₺66.47 vs. price of ₺104.00 (56.5% above fair value)
  • GF Score™: 82/100 with 4 warning signs

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


Enerjisa Enerji AS Business Description

Address Barbaros Mahallesi, Begonya Sokak, Nida Kule Atasehir Bati Sitesi No 1/1, Atasehir, Istanbul, TUR, 34748
Enerjisa Enerji AS is Turkey's electricity distribution and retail company in a regulated sector, operating in 3 regions. Its electricity distribution and retail operations are carried out through its subsidiaries. Enerjisa Musteri Cozumleri was established to operate in customer solutions and distributed generation.
82GF Score

Get the complete analysis for IST:ENJSA

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

₺104.00
Price
₺66.47
GF Value