MOSENERGO (MIC:MSNG) Cyclically Adjusted Book per Share: ₽11.92 (As of Mar. 2026)


MIC:MSNG MOSENERGO MIC:MSNG
47 GF Score
Price ₽1.79
GF Value ₽3.36
Valuation Significantly Undervalued
! 3 Warning Signs
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What is MOSENERGO Cyclically Adjusted Book per Share?

MOSENERGO MIC:MSNG -1.79% 47 Cyclically Adjusted Book per Share is ₽11.92 as of Mar. 2026. GuruFocus rates MIC:MSNG with a GF Score™ of 47/100 and a GF Value™ of ₽3.36 (Significantly Undervalued). 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.

MOSENERGO's adjusted book value per share for the three months ended in Mar. 2026 was ₽8.100. 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 ₽11.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, MOSENERGO's average Cyclically Adjusted Book Growth Rate was 17.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.20% 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 MOSENERGO was 14.50% per year. The lowest was 13.20% per year. And the median was 13.85% per year.

As of today (2026-07-08), MOSENERGO's current stock price is ₽1.7875. MOSENERGO's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₽11.92. MOSENERGO's Cyclically Adjusted PB Ratio of today is 0.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of MOSENERGO was 0.35. The lowest was 0.15. And the median was 0.26.


MOSENERGO  (MIC:MSNG) 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.

MOSENERGO's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.7875/11.92
=0.15

* 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 MOSENERGO was 0.35. The lowest was 0.15. And the median was 0.26.


Be Aware

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


MOSENERGO Cyclically Adjusted Book per Share Related Terms


MOSENERGO Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for MOSENERGO'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.

MOSENERGO Cyclically Adjusted Book per Share Chart

MOSENERGO Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.52 8.12 8.70 11.30 11.77

MOSENERGO Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec24 Mar25 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 10.11 11.30 0.00 11.77 11.92

MIC:MSNG vs CEG, VST, NRG: Cyclically Adjusted Book per Share Comparison

For the Utilities - Independent Power Producers subindustry, MOSENERGO'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.


MOSENERGO Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

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

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


MIC:MSNG
47GF Score
MOSENERGO MIC:MSNG
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MOSENERGO 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, MOSENERGO'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)
=8.1/296.6000*296.6000
=8.100

Current CPI (Mar. 2026) = 296.6000.

MOSENERGO Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.476 130.900 14.674
201409 6.303 132.700 14.088
201412 6.089 139.000 12.993
201503 6.276 149.400 12.460
201506 6.262 150.900 12.308
201509 6.124 153.500 11.833
201512 5.854 157.000 11.059
201603 6.062 160.200 11.223
201606 6.051 162.200 11.065
201609 6.031 163.300 10.954
201612 6.196 165.400 11.111
201703 6.483 167.000 11.514
201706 6.474 169.200 11.349
201709 6.523 168.200 11.503
201712 6.725 169.600 11.761
201803 7.046 171.000 12.221
201806 6.892 173.100 11.809
201809 6.862 173.900 11.704
201812 6.994 176.800 11.733
201903 7.263 179.900 11.974
201906 7.105 181.200 11.630
201909 7.079 180.800 11.613
201912 8.213 182.200 13.370
202003 8.358 184.500 13.436
202006 8.278 187.000 13.130
202009 8.244 187.400 13.048
202012 8.326 191.100 12.923
202103 8.539 195.200 12.975
202106 8.351 199.100 12.441
202109 8.307 201.300 12.240
202112 7.949 207.200 11.379
202203 8.278 227.800 10.778
202206 0.000 230.800 0.000
202209 0.000 228.800 0.000
202306 10.074 238.300 12.539
202309 9.953 242.600 12.168
202412 9.424 272.800 10.246
202503 0.000 280.300 0.000
202512 9.533 288.100 9.814
202603 8.100 296.600 8.100

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 ₽11.92 mean?
MOSENERGO (MIC:MSNG) has a Cyclically Adjusted Book per Share of ₽11.92 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 MOSENERGO and its competitors.
Is MOSENERGO's Cyclically Adjusted Book per Share too high?
MOSENERGO's current Cyclically Adjusted Book per Share is ₽11.92. Overall, MOSENERGO has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MOSENERGO's Cyclically Adjusted Book per Share compare to CEG and VST?
MOSENERGO's Cyclically Adjusted Book per Share of ₽11.92 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 MOSENERGO and its competitors. MOSENERGO's current Cyclically Adjusted Book per Share is ₽11.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MOSENERGO stock overvalued right now?
Based on GuruFocus' analysis, MOSENERGO (MIC:MSNG) is currently considered Significantly Undervalued. The stock's GF Value™ is ₽3.36, compared to a current price of ₽1.79 — trading 46.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₽11.92. MOSENERGO's overall GF Score™ is 47/100 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 MOSENERGO (MIC:MSNG), the current Cyclically Adjusted Book per Share is ₽11.92 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 MOSENERGO (MIC:MSNG) Overvalued in 2026?

Based on GuruFocus' analysis, MOSENERGO stock appears to be undervalued. The current stock price of ₽1.79 is trading 46.8% below its estimated GF Value™ of ₽3.36. GuruFocus considers MOSENERGO to be Significantly Undervalued.

Key valuation signals for MIC:MSNG:

  • Cyclically Adjusted Book per Share: ₽11.92
  • GF Value™: ₽3.36 vs. price of ₽1.79 (46.8% below fair value)
  • GF Score™: 47/100 with 3 warning signs

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


MOSENERGO Business Description

Address 101/3, Prospekt Vernadskogo, Moscow, RUS, 119526
MOSENERGO is a Russian heat producer company. It is involved in the generation of heat and electric power and heat distribution services in the Moscow city and Moscow region. The firm operates in two primary reportable segments: Electric and heat energy, that generate majority revenue from the manufacturing and sale of electric and heat energy respectively. The other segments consist of services and products sold by the Group such as rental services, feed water sales, and maintenance services.
47GF Score

Get the complete analysis for MIC:MSNG

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

₽1.79
Price
₽3.36
GF Value