BE (Bloom Energy) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BE Bloom Energy Corp BE
65 GF Score
Price $272.89
GF Value $41.12
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Bloom Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bloom Energy  (NYSE:BE) 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.


Bloom Energy Cyclically Adjusted PB Ratio Related Terms


Bloom Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bloom Energy'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.

Bloom Energy Cyclically Adjusted PB Ratio Chart

Bloom Energy 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 - - - - -

Bloom Energy 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 - - - - -

BE vs VRT, HUBB, NVT: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Bloom Energy'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.


Bloom Energy Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bloom Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BE
65GF Score
Bloom Energy Corp BE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bloom Energy 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.

Bloom Energy's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bloom Energy'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)
=5.593/333.9520*333.9520
=5.593

Current CPI (Jun. 2026) = 333.9520.

Bloom Energy Quarterly Data

Book Value per Share CPI Adj_Book
201609 -15.608 241.428 -21.590
201612 -15.859 241.432 -21.936
201703 243.801 0.000
201706 -16.911 244.955 -23.055
201709 -17.475 246.819 -23.644
201712 -18.080 246.524 -24.492
201803 -18.220 249.554 -24.382
201806 -18.591 251.989 -24.638
201809 0.972 252.439 1.286
201812 0.363 251.233 0.483
201903 0.599 254.202 0.787
201906 -0.099 256.143 -0.129
201909 -0.094 256.759 -0.122
201912 -1.387 256.974 -1.802
202003 -2.071 258.115 -2.679
202006 -1.924 257.797 -2.492
202009 0.278 260.280 0.357
202012 0.842 260.474 1.080
202103 0.374 264.877 0.472
202106 0.173 271.696 0.213
202109 0.002 274.310 0.002
202112 -0.009 278.802 -0.011
202203 -0.308 287.504 -0.358
202206 -0.810 296.311 -0.913
202209 1.038 296.808 1.168
202212 1.842 296.797 2.073
202303 2.082 301.836 2.304
202306 1.655 305.109 1.811
202309 2.257 307.789 2.449
202312 2.317 306.746 2.522
202403 2.155 312.332 2.304
202406 1.962 314.175 2.086
202409 1.991 315.301 2.109
202412 2.554 315.605 2.702
202503 2.593 319.799 2.708
202506 2.651 322.561 2.745
202509 2.866 324.800 2.947
202512 2.832 324.054 2.919
202603 3.336 330.213 3.374
202606 5.593 333.952 5.593

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.

Is Bloom Energy (BE) Overvalued in 2026?

Based on GuruFocus' analysis, Bloom Energy stock appears to be overvalued. The current stock price of $272.89 is trading 563.6% above its estimated GF Value™ of $41.12. GuruFocus considers Bloom Energy to be Significantly Overvalued.

Key valuation signals for BE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $41.12 vs. price of $272.89 (563.6% above fair value)
  • GF Score™: 65/100 with 5 warning signs

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


Bloom Energy Business Description

Address 4353 North First Street, San Jose, CA, USA, 95134
Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications. Bloom sells its systems in the United States and internationally.
65GF Score

Get the complete analysis for BE

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

$272.89
Price
$41.12
GF Value