Abu Dhabi National Energy Co PJSC (ADX:TAQA) Cyclically Adjusted PB Ratio: 3.59 (As of Aug. 27, 2026) — 127% Above Median

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ADX:TAQA Abu Dhabi National Energy Co PJSC ADX:TAQA
79 GF Score
Price د.إ2.66
GF Value د.إ3.32
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Abu Dhabi National Energy Co PJSC Cyclically Adjusted PB Ratio?

Abu Dhabi National Energy Co PJSC ADX:TAQA 79 Cyclically Adjusted PB Ratio is 3.59 as of Aug. 27, 2026, which is 127% above its 10-year median of 1.58. GuruFocus rates ADX:TAQA with a GF Score™ of 79/100 and a GF Value™ of د.إ3.32 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 424 Utilities - Regulated companies, Abu Dhabi National Energy Co PJSC ranks worse than 89.62% on this metric.

As of today (2026-08-27), Abu Dhabi National Energy Co PJSC's current share price is د.إ2.66. Abu Dhabi National Energy Co PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was د.إ0.74. Abu Dhabi National Energy Co PJSC's Cyclically Adjusted PB Ratio for today is 3.59.

The historical rank and industry rank for Abu Dhabi National Energy Co PJSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

ADX:TAQA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 1.58   Max: 5.33
Current: 3.61

During the past years, Abu Dhabi National Energy Co PJSC's highest Cyclically Adjusted PB Ratio was 5.33. The lowest was 0.37. And the median was 1.58.

ADX:TAQA's Cyclically Adjusted PB Ratio is ranked worse than
89.62% of 424 companies
in the Utilities - Regulated industry
Industry Median: 1.525 vs ADX:TAQA: 3.61

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.

Abu Dhabi National Energy Co PJSC's adjusted book value per share data for the three months ended in Jun. 2026 was د.إ0.914. 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 د.إ0.74 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Abu Dhabi National Energy Co PJSC  (ADX:TAQA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Abu Dhabi National Energy Co PJSC Cyclically Adjusted PB Ratio Related Terms


Abu Dhabi National Energy Co PJSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Abu Dhabi National Energy Co PJSC's Cyclically Adjusted PB Ratio 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.

Abu Dhabi National Energy Co PJSC Cyclically Adjusted PB Ratio Chart

Abu Dhabi National Energy Co PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 4.67 5.15 5.26 4.90

Abu Dhabi National Energy Co PJSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 5.19 5.14 4.90 3.41 3.57

ADX:TAQA vs SRE, AES: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, Abu Dhabi National Energy Co PJSC'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.


Abu Dhabi National Energy Co PJSC Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Abu Dhabi National Energy Co PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Abu Dhabi National Energy Co PJSC's Cyclically Adjusted PB Ratio falls into.


ADX:TAQA
79GF Score
Abu Dhabi National Energy Co PJSC ADX:TAQA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Abu Dhabi National Energy Co PJSC Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Abu Dhabi National Energy Co PJSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.66/0.74
=3.59

* 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.

Abu Dhabi National Energy Co PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Abu Dhabi National Energy Co PJSC's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.914/333.9520*333.9520
=0.914

Current CPI (Jun. 2026) = 333.9520.

Abu Dhabi National Energy Co PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.147 241.428 0.203
201612 0.490 241.432 0.678
201703 0.534 243.801 0.731
201706 0.549 244.955 0.748
201709 0.527 246.819 0.713
201712 0.582 246.524 0.788
201803 0.620 249.554 0.830
201806 0.691 251.989 0.916
201809 0.737 252.439 0.975
201812 0.713 251.233 0.948
201903 0.725 254.202 0.952
201906 0.729 256.143 0.950
201909 0.048 256.759 0.062
201912 0.500 256.974 0.650
202003 0.022 258.115 0.028
202006 0.015 257.797 0.019
202009 0.553 260.280 0.710
202012 0.551 260.474 0.706
202103 0.560 264.877 0.706
202106 0.567 271.696 0.697
202109 0.575 274.310 0.700
202112 0.586 278.802 0.702
202203 0.578 287.504 0.671
202206 0.597 296.311 0.673
202209 0.614 296.808 0.691
202212 0.627 296.797 0.705
202303 0.702 301.836 0.777
202306 0.718 305.109 0.786
202309 0.742 307.789 0.805
202312 0.735 306.746 0.800
202403 0.845 312.332 0.903
202406 0.850 314.175 0.904
202409 0.866 315.301 0.917
202412 0.878 315.605 0.929
202503 0.870 319.799 0.909
202506 0.887 322.561 0.918
202509 0.905 324.800 0.931
202512 0.911 324.054 0.939
202603 0.895 330.213 0.905
202606 0.914 333.952 0.914

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

What does a Cyclically Adjusted PB Ratio of 3.59 mean?
Abu Dhabi National Energy Co PJSC (ADX:TAQA) has a Cyclically Adjusted PB Ratio of 3.59 as of Aug. 27, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Abu Dhabi National Energy Co PJSC and its competitors. This is 127% above median its historical median of 1.58. Over the past decade, Abu Dhabi National Energy Co PJSC's Cyclically Adjusted PB Ratio has ranged from 0.37 to 5.33. According to the industry distribution chart, Abu Dhabi National Energy Co PJSC ranks #380 out of 424 companies in the Utilities - Regulated industry, placing it in the top 89.6%.
Is Abu Dhabi National Energy Co PJSC's Cyclically Adjusted PB Ratio too high?
Abu Dhabi National Energy Co PJSC's current Cyclically Adjusted PB Ratio of 3.59 is 127% above median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 5.33. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Abu Dhabi National Energy Co PJSC's value of 3.59 is 135.4% above this industry median. Based on the distribution chart, Abu Dhabi National Energy Co PJSC ranks #380 out of 424 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Abu Dhabi National Energy Co PJSC has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Abu Dhabi National Energy Co PJSC's Cyclically Adjusted PB Ratio compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Abu Dhabi National Energy Co PJSC ranks #380 out of 424 companies for Cyclically Adjusted PB Ratio. This places Abu Dhabi National Energy Co PJSC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Abu Dhabi National Energy Co PJSC's value of 3.59 is 135.4% above this benchmark. Historically, Abu Dhabi National Energy Co PJSC's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 5.33 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 1.53, Abu Dhabi National Energy Co PJSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.53, based on 424 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Abu Dhabi National Energy Co PJSC's current Cyclically Adjusted PB Ratio of 3.59 is 135.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Abu Dhabi National Energy Co PJSC and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abu Dhabi National Energy Co PJSC's current Cyclically Adjusted PB Ratio is 3.59, which is 127% above median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abu Dhabi National Energy Co PJSC stock overvalued right now?
Based on GuruFocus' analysis, Abu Dhabi National Energy Co PJSC (ADX:TAQA) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ3.32, compared to a current price of د.إ2.66 — trading 19.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.59, which is 127% above median its 10-year median of 1.58 and 135.4% above the Utilities - Regulated industry median of 1.53. Abu Dhabi National Energy Co PJSC's overall GF Score™ is 79/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Abu Dhabi National Energy Co PJSC (ADX:TAQA), the current Cyclically Adjusted PB Ratio is 3.59 as of Aug. 27, 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 Abu Dhabi National Energy Co PJSC (ADX:TAQA) Overvalued in 2026?

Based on GuruFocus' analysis, Abu Dhabi National Energy Co PJSC stock appears to be undervalued. The current stock price of د.إ2.66 is trading 19.9% below its estimated GF Value™ of د.إ3.32. GuruFocus considers Abu Dhabi National Energy Co PJSC to be Modestly Undervalued.

Key valuation signals for ADX:TAQA:

  • Cyclically Adjusted PB Ratio: 3.59 (127% above median its 10-year median of 1.58)
  • GF Value™: د.إ3.32 vs. price of د.إ2.66 (19.9% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 135.4% above the Utilities - Regulated median (#380 of 424)

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


Abu Dhabi National Energy Co PJSC Business Description

Address Abu Dhabi Global Market Square, 25th Floor, Al Maqam Tower, Tower 3, P.O. Box 55224, Al Maryah Island, Abu Dhabi, ARE
Abu Dhabi National Energy Co PJSC which is majority-owned by the Abu Dhabi government is a fully integrated energy provider with operations in nine markets around the world. Its segment includes Power and Water Generation segment, Power and Water Transmission segment, Power and Water Distribution segment, Oil and Gas segment, and Water Solutions Segment. The company generates the majority of its revenue from Power and Water Distribution segment, which is engaged in distribution of water and electricity from the generation and desalination plants in the UAE.. Geographically the company generates the majority of its revenue from UAE.
79GF Score

Get the complete analysis for ADX:TAQA

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

د.إ2.66
Price
د.إ3.32
GF Value