Energa (WAR:ENG) Cyclically Adjusted Book per Share: zł32.65 (As of Mar. 2026)


WAR:ENG Energa SA WAR:ENG
62 GF Score
Price zł18.66
GF Value zł11.92
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Energa Cyclically Adjusted Book per Share?

Energa WAR:ENG 62 Cyclically Adjusted Book per Share is zł32.65 as of Mar. 2026. GuruFocus rates WAR:ENG with a GF Score™ of 62/100 and a GF Value™ of zł11.92 (Significantly Overvalued). The stock has 5 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.

Energa's adjusted book value per share for the three months ended in Mar. 2026 was zł32.506. 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 zł32.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Energa's average Cyclically Adjusted Book Growth Rate was 0.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.20% 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 Energa was 9.10% per year. The lowest was 4.20% per year. And the median was 6.65% per year.

As of today (2026-06-28), Energa's current stock price is zł18.66. Energa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł32.65. Energa's Cyclically Adjusted PB Ratio of today is 0.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Energa was 0.64. The lowest was 0.21. And the median was 0.33.


Energa  (WAR:ENG) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.66/32.65
=0.57

* 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 Energa was 0.64. The lowest was 0.21. And the median was 0.33.


Be Aware

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


Energa Cyclically Adjusted Book per Share Related Terms


Energa Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Energa'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.

Energa Cyclically Adjusted Book per Share Chart

Energa 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 24.77 28.91 30.86 32.18 32.68

Energa 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 32.57 32.63 32.68 32.68 32.65

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

For the Utilities - Regulated Electric subindustry, Energa'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.


Energa Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


WAR:ENG
62GF Score
Energa SA WAR:ENG
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Energa 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, Energa'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)
=32.506/158.3232*158.3232
=32.506

Current CPI (Mar. 2026) = 158.3232.

Energa Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.310 99.552 32.300
201609 20.783 99.064 33.215
201612 21.000 100.366 33.127
201703 21.718 101.018 34.038
201706 21.842 101.180 34.178
201709 21.998 101.343 34.366
201712 22.512 102.564 34.751
201803 23.586 102.564 36.409
201806 24.304 103.378 37.221
201809 24.556 103.378 37.607
201812 24.632 103.785 37.576
201903 24.974 104.274 37.919
201906 25.235 105.983 37.697
201909 25.426 105.983 37.983
201912 22.139 107.123 32.721
202003 22.230 109.076 32.267
202006 20.199 109.402 29.231
202009 20.433 109.320 29.592
202012 21.005 109.565 30.353
202103 21.904 112.658 30.783
202106 22.639 113.960 31.452
202109 23.414 115.588 32.071
202112 23.945 119.088 31.834
202203 25.525 125.031 32.322
202206 26.762 131.705 32.171
202209 27.865 135.531 32.551
202212 26.273 139.113 29.901
202303 29.999 145.950 32.542
202306 29.570 147.009 31.846
202309 29.994 146.113 32.500
202312 27.108 147.741 29.050
202403 28.520 149.044 30.296
202406 29.525 150.997 30.957
202409 29.704 153.439 30.650
202412 27.946 154.660 28.608
202503 29.255 157.021 29.498
202506 30.063 157.509 30.218
202509 30.798 157.998 30.861
202512 30.678 158.323 30.678
202603 32.506 158.323 32.506

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 zł32.65 mean?
Energa (WAR:ENG) has a Cyclically Adjusted Book per Share of zł32.65 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 Energa and its competitors.
Is Energa's Cyclically Adjusted Book per Share too high?
Energa's current Cyclically Adjusted Book per Share is zł32.65. Overall, Energa has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energa's Cyclically Adjusted Book per Share compare to NEE and SO?
Energa's Cyclically Adjusted Book per Share of zł32.65 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 Energa and its competitors. Energa's current Cyclically Adjusted Book per Share is zł32.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energa stock overvalued right now?
Based on GuruFocus' analysis, Energa (WAR:ENG) is currently considered Significantly Overvalued. The stock's GF Value™ is zł11.92, compared to a current price of zł18.66 — trading 56.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is zł32.65. Energa's overall GF Score™ is 62/100 with 5 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 Energa (WAR:ENG), the current Cyclically Adjusted Book per Share is zł32.65 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 Energa (WAR:ENG) Overvalued in 2026?

Based on GuruFocus' analysis, Energa stock appears to be overvalued. The current stock price of zł18.66 is trading 56.5% above its estimated GF Value™ of zł11.92. GuruFocus considers Energa to be Significantly Overvalued.

Key valuation signals for WAR:ENG:

  • Cyclically Adjusted Book per Share: zł32.65
  • GF Value™: zł11.92 vs. price of zł18.66 (56.5% above fair value)
  • GF Score™: 62/100 with 5 warning signs

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


Energa Business Description

Address Al. Grunwaldzka 472, Gdansk, POL, 80-309
Energa SA is a Polish electric utility company of which the State Treasury of Poland is the majority shareholder. Energa SA is involved in the distribution, generation, and sale of electrical energy. The company segments its activities into Electricity Distribution, Generation, and Sales units. The Distribution division operates an electricity transmission system in Northern and Central Poland, where it is the sole distributor. Energa's Generation business controls a portfolio of coal, hydro, biomass, and wind power plants throughout the country. Coal-fired facilities account for a majority of the company's energy production. The majority of Energa's earnings are derived from the business of distributing electricity.
62GF Score

Get the complete analysis for WAR:ENG

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

zł18.66
Price
zł11.92
GF Value