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Public Service Enterprise Group (WBO:PEG) Cyclically Adjusted Book per Share : €31.13 (As of Mar. 2024)


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What is Public Service Enterprise Group Cyclically Adjusted Book per Share?

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.

Public Service Enterprise Group's adjusted book value per share for the three months ended in Mar. 2024 was €28.945. 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 €31.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Public Service Enterprise Group's average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.60% 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 Public Service Enterprise Group was 7.80% per year. The lowest was -0.10% per year. And the median was 4.85% per year.

As of today (2024-05-20), Public Service Enterprise Group's current stock price is €69.00. Public Service Enterprise Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €31.13. Public Service Enterprise Group's Cyclically Adjusted PB Ratio of today is 2.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Public Service Enterprise Group was 2.43. The lowest was 1.45. And the median was 2.10.


Public Service Enterprise Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Public Service Enterprise Group'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.

* Premium members only.

Public Service Enterprise Group Cyclically Adjusted Book per Share Chart

Public Service Enterprise Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 26.12 30.03 29.87

Public Service Enterprise Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 29.74 29.76 31.31 29.87 31.13

Competitive Comparison of Public Service Enterprise Group's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Public Service Enterprise Group'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.


Public Service Enterprise Group's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Public Service Enterprise Group's Cyclically Adjusted PB Ratio falls into.



Public Service Enterprise Group 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, Public Service Enterprise Group's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=28.945/131.7762*131.7762
=28.945

Current CPI (Mar. 2024) = 131.7762.

Public Service Enterprise Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.232 100.560 22.581
201409 18.535 100.428 24.321
201412 19.536 99.070 25.986
201503 22.939 99.621 30.343
201506 22.381 100.684 29.292
201509 22.804 100.392 29.933
201512 23.705 99.792 31.303
201603 23.682 100.470 31.061
201606 23.471 101.688 30.416
201609 23.776 101.861 30.759
201612 24.648 101.863 31.886
201703 24.079 102.862 30.847
201706 22.766 103.349 29.028
201709 21.804 104.136 27.591
201712 23.170 104.011 29.355
201803 22.695 105.290 28.404
201806 24.046 106.317 29.804
201809 24.416 106.507 30.209
201812 25.074 105.998 31.172
201903 26.013 107.251 31.962
201906 25.907 108.070 31.590
201909 26.889 108.329 32.709
201912 26.945 108.420 32.750
202003 27.382 108.902 33.134
202006 27.294 108.767 33.068
202009 26.676 109.815 32.011
202012 26.069 109.897 31.259
202103 27.128 111.754 31.988
202106 26.148 114.631 30.059
202109 23.727 115.734 27.016
202112 25.352 117.630 28.401
202203 24.843 121.301 26.988
202206 25.559 125.017 26.941
202209 26.929 125.227 28.337
202212 26.077 125.222 27.442
202303 27.674 127.348 28.636
202306 27.956 128.729 28.618
202309 28.535 129.860 28.956
202312 28.499 129.419 29.018
202403 28.945 131.776 28.945

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Public Service Enterprise Group  (WBO:PEG) 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.

Public Service Enterprise Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=69.00/31.13
=2.22

* 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 Public Service Enterprise Group was 2.43. The lowest was 1.45. And the median was 2.10.


Be Aware

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


Public Service Enterprise Group Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Public Service Enterprise Group's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Public Service Enterprise Group (WBO:PEG) Business Description

Traded in Other Exchanges
Address
80 Park Plaza, Newark, NJ, USA, 07102
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.2 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.