Enea (WAR:ENA) Cyclically Adjusted Book per Share: zł41.09 (As of Mar. 2026)


WAR:ENA Enea SA WAR:ENA
69 GF Score
Price zł19.95
GF Value zł9.01
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Enea Cyclically Adjusted Book per Share?

Enea WAR:ENA +0.20% 69 Cyclically Adjusted Book per Share is zł41.09 as of Mar. 2026. GuruFocus rates WAR:ENA with a GF Score™ of 69/100 and a GF Value™ of zł9.01 (Significantly Overvalued). 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.

Enea's adjusted book value per share for the three months ended in Mar. 2026 was zł33.418. 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 zł41.09 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Enea's average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.20% 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 Enea was 9.60% per year. The lowest was 1.70% per year. And the median was 7.10% per year.

As of today (2026-07-07), Enea's current stock price is zł19.95. Enea's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł41.09. Enea's Cyclically Adjusted PB Ratio of today is 0.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Enea was 0.64. The lowest was 0.12. And the median was 0.27.


Enea  (WAR:ENA) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.95/41.09
=0.49

* 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 Enea was 0.64. The lowest was 0.12. And the median was 0.27.


Be Aware

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


Enea Cyclically Adjusted Book per Share Related Terms


Enea Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Enea'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.

Enea Cyclically Adjusted Book per Share Chart

Enea 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 32.85 38.15 39.55 40.33 40.13

Enea 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 40.62 40.46 40.28 40.13 41.09

WAR:ENA vs NEE, SO, DUK: Cyclically Adjusted Book per Share Comparison

For the Utilities - Regulated Electric subindustry, Enea'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.


Enea Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


WAR:ENA
69GF Score
Enea SA WAR:ENA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enea 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, Enea'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)
=33.418/163.0700*163.0700
=33.418

Current CPI (Mar. 2026) = 163.0700.

Enea Quarterly Data

Book Value per Share CPI Adj_Book
201606 26.617 99.552 43.600
201609 27.182 99.064 44.745
201612 27.582 100.366 44.814
201703 28.236 101.018 45.581
201706 28.551 101.180 46.015
201709 29.015 101.343 46.688
201712 29.626 102.564 47.103
201803 31.005 102.564 49.296
201806 31.373 103.378 49.488
201809 31.718 103.378 50.032
201812 31.934 103.785 50.176
201903 32.480 104.274 50.794
201906 33.087 105.983 50.909
201909 33.947 105.983 52.232
201912 32.746 107.123 49.848
202003 33.573 109.076 50.192
202006 32.178 109.402 47.963
202009 32.280 109.320 48.151
202012 27.267 109.565 40.583
202103 28.236 112.658 40.871
202106 29.043 113.960 41.559
202109 30.394 115.588 42.879
202112 31.774 119.088 43.509
202203 33.075 125.031 43.138
202206 29.767 131.705 36.856
202209 29.811 135.531 35.868
202212 28.080 139.113 32.916
202303 28.389 145.950 31.719
202306 27.533 147.009 30.541
202309 28.778 146.113 32.118
202312 26.313 147.741 29.043
202403 28.204 149.044 30.858
202406 30.627 150.997 33.076
202409 32.446 153.439 34.483
202412 28.901 154.660 30.473
202503 30.868 157.021 32.057
202506 31.936 157.509 33.063
202509 33.341 158.000 34.411
202512 31.652 158.320 32.602
202603 33.418 163.070 33.418

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 zł41.09 mean?
Enea (WAR:ENA) has a Cyclically Adjusted Book per Share of zł41.09 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 Enea and its competitors.
Is Enea's Cyclically Adjusted Book per Share too high?
Enea's current Cyclically Adjusted Book per Share is zł41.09. Overall, Enea has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enea's Cyclically Adjusted Book per Share compare to NEE and SO?
Enea's Cyclically Adjusted Book per Share of zł41.09 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 Enea and its competitors. Enea's current Cyclically Adjusted Book per Share is zł41.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enea stock overvalued right now?
Based on GuruFocus' analysis, Enea (WAR:ENA) is currently considered Significantly Overvalued. The stock's GF Value™ is zł9.01, compared to a current price of zł19.95 — trading 121.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is zł41.09. Enea's overall GF Score™ is 69/100 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 Enea (WAR:ENA), the current Cyclically Adjusted Book per Share is zł41.09 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 Enea (WAR:ENA) Overvalued in 2026?

Based on GuruFocus' analysis, Enea stock appears to be overvalued. The current stock price of zł19.95 is trading 121.4% above its estimated GF Value™ of zł9.01. GuruFocus considers Enea to be Significantly Overvalued.

Key valuation signals for WAR:ENA:

  • Cyclically Adjusted Book per Share: zł41.09
  • GF Value™: zł9.01 vs. price of zł19.95 (121.4% above fair value)
  • GF Score™: 69/100 with 2 warning signs

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


Enea Business Description

Other Exchanges ENEAY:USA58S:Germany
Address ul. Gorecka 1, Poznan, POL, 60-201
Enea SA is a Polish energy group involved in the production, transmission, and sale of electricity to homes and businesses. Enea segments its operations into Mining, Generation, Distribution, and Trading. Enea supplies coal as raw material to generate electricity and heat to distribute and trade to customers. Collectively, Enea generates a sizable amount of Poland's total energy production. The majority of the company's revenue is derived from the sale of electricity produced by coal- and gas-fired facilities. The distribution of electricity to business customers and households also represents a significant revenue stream. Enea primarily serves individual consumers, small- and medium-sized companies, and large industrial plants in Poland.
69GF Score

Get the complete analysis for WAR:ENA

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

zł19.95
Price
zł9.01
GF Value