Companhia Energetica de Brasilia - CEB (BSP:CEBR3) Cyclically Adjusted PB Ratio: 1.18 (As of Sep. 22, 2026) — Near Median

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BSP:CEBR3 Companhia Energetica de Brasilia - CEB BSP:CEBR3
73 GF Score
Price R$23.50
GF Value R$25.70
Valuation Fairly Valued
! 3 Warning Signs
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What is Companhia Energetica de Brasilia - CEB Cyclically Adjusted PB Ratio?

Companhia Energetica de Brasilia - CEB BSP:CEBR3 +0.08% 73 Cyclically Adjusted PB Ratio is 1.18 as of Sep. 22, 2026, which is at its 10-year median of 1.18. GuruFocus rates BSP:CEBR3 with a GF Score™ of 73/100 and a GF Value™ of R$25.70 (Fairly Valued). The stock has 3 warning signs investors should review. Among 425 Utilities - Regulated companies, Companhia Energetica de Brasilia - CEB ranks worse than 50.82% on this metric.

As of today (2026-09-22), Companhia Energetica de Brasilia - CEB's current share price is R$23.50. Companhia Energetica de Brasilia - CEB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$19.85. Companhia Energetica de Brasilia - CEB's Cyclically Adjusted PB Ratio for today is 1.18.

The historical rank and industry rank for Companhia Energetica de Brasilia - CEB's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:CEBR3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.18   Max: 2.66
Current: 1.5

During the past years, Companhia Energetica de Brasilia - CEB's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 0.64. And the median was 1.18.

BSP:CEBR3's Cyclically Adjusted PB Ratio is ranked worse than
50.82% of 425 companies
in the Utilities - Regulated industry
Industry Median: 1.49 vs BSP:CEBR3: 1.50

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.

Companhia Energetica de Brasilia - CEB's adjusted book value per share data for the three months ended in Jun. 2026 was R$16.490. 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 R$19.85 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Companhia Energetica de Brasilia - CEB  (BSP:CEBR3) 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.


Companhia Energetica de Brasilia - CEB Cyclically Adjusted PB Ratio Related Terms


Companhia Energetica de Brasilia - CEB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Companhia Energetica de Brasilia - CEB'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.

Companhia Energetica de Brasilia - CEB Cyclically Adjusted PB Ratio Chart

Companhia Energetica de Brasilia - CEB 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 1.03 0.66 1.10 0.92 1.52

Companhia Energetica de Brasilia - CEB 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 1.02 1.20 1.39 1.65 1.36

BSP:CEBR3 vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Companhia Energetica de Brasilia - CEB'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.


Companhia Energetica de Brasilia - CEB Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia Energetica de Brasilia - CEB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Companhia Energetica de Brasilia - CEB's Cyclically Adjusted PB Ratio falls into.


BSP:CEBR3
73GF Score
Companhia Energetica de Brasilia - CEB BSP:CEBR3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Companhia Energetica de Brasilia - CEB 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.

Companhia Energetica de Brasilia - CEB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.50/19.852
=1.18

* 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.

Companhia Energetica de Brasilia - CEB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Companhia Energetica de Brasilia - CEB'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)
=16.49/177.5443*177.5443
=16.490

Current CPI (Jun. 2026) = 177.5443.

Companhia Energetica de Brasilia - CEB Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.162 109.986 18.018
201612 11.743 110.802 18.816
201703 10.883 111.869 17.272
201706 10.727 112.115 16.987
201709 10.965 112.777 17.262
201712 11.576 114.068 18.018
201803 10.265 114.868 15.866
201806 12.708 117.038 19.278
201809 11.759 117.881 17.711
201812 10.995 118.340 16.496
201903 10.677 120.124 15.781
201906 8.365 120.977 12.276
201909 9.268 121.292 13.566
201912 13.597 123.436 19.557
202003 14.117 124.092 20.198
202006 12.807 123.557 18.403
202009 14.838 125.095 21.059
202012 12.497 129.012 17.198
202103 28.926 131.660 39.007
202106 29.019 133.871 38.486
202109 29.546 137.913 38.036
202112 14.681 141.992 18.357
202203 15.434 146.537 18.700
202206 16.620 149.784 19.700
202209 16.878 147.800 20.275
202212 17.022 150.207 20.120
202303 17.921 153.352 20.748
202306 17.298 154.519 19.876
202309 18.067 155.464 20.633
202312 17.605 157.148 19.890
202403 18.281 159.372 20.365
202406 17.571 161.052 19.370
202409 18.374 162.342 20.095
202412 18.244 164.740 19.662
202503 19.116 168.102 20.190
202506 18.297 169.670 19.146
202509 17.307 170.739 17.997
202512 16.177 171.765 16.721
202603 16.231 175.066 16.461
202606 16.490 177.544 16.490

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 1.18 mean?
Companhia Energetica de Brasilia - CEB (BSP:CEBR3) has a Cyclically Adjusted PB Ratio of 1.18 as of Sep. 22, 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 Companhia Energetica de Brasilia - CEB and its competitors. This is near median its historical median of 1.18. Over the past decade, Companhia Energetica de Brasilia - CEB's Cyclically Adjusted PB Ratio has ranged from 0.64 to 2.66. According to the industry distribution chart, Companhia Energetica de Brasilia - CEB ranks #216 out of 425 companies in the Utilities - Regulated industry, placing it in the top 50.8%.
Is Companhia Energetica de Brasilia - CEB's Cyclically Adjusted PB Ratio too high?
Companhia Energetica de Brasilia - CEB's current Cyclically Adjusted PB Ratio of 1.18 is near median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 2.66. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.49. Companhia Energetica de Brasilia - CEB's value of 1.18 is 20.8% below this industry median. Based on the distribution chart, Companhia Energetica de Brasilia - CEB ranks #216 out of 425 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Companhia Energetica de Brasilia - CEB has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Companhia Energetica de Brasilia - CEB's Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Companhia Energetica de Brasilia - CEB ranks #216 out of 425 companies for Cyclically Adjusted PB Ratio. This places Companhia Energetica de Brasilia - CEB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.49. Companhia Energetica de Brasilia - CEB's value of 1.18 is 20.8% below this benchmark. Historically, Companhia Energetica de Brasilia - CEB's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 2.66 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.49, Companhia Energetica de Brasilia - CEB has consistently been below 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 1.49, based on 425 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. Companhia Energetica de Brasilia - CEB's current Cyclically Adjusted PB Ratio of 1.18 is 20.8% below 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 Companhia Energetica de Brasilia - CEB and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia Energetica de Brasilia - CEB's current Cyclically Adjusted PB Ratio is 1.18, which is near median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia Energetica de Brasilia - CEB stock overvalued right now?
Based on GuruFocus' analysis, Companhia Energetica de Brasilia - CEB (BSP:CEBR3) is currently considered Fairly Valued. The stock's GF Value™ is R$25.70, compared to a current price of R$23.50 — trading 8.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.18, which is near median its 10-year median of 1.18 and 20.8% below the Utilities - Regulated industry median of 1.49. Companhia Energetica de Brasilia - CEB's overall GF Score™ is 73/100 with 3 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 Companhia Energetica de Brasilia - CEB (BSP:CEBR3), the current Cyclically Adjusted PB Ratio is 1.18 as of Sep. 22, 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 Companhia Energetica de Brasilia - CEB (BSP:CEBR3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia Energetica de Brasilia - CEB stock appears to be undervalued. The current stock price of R$23.50 is trading 8.6% below its estimated GF Value™ of R$25.70. GuruFocus considers Companhia Energetica de Brasilia - CEB to be Fairly Valued.

Key valuation signals for BSP:CEBR3:

  • Cyclically Adjusted PB Ratio: 1.18 (near median its 10-year median of 1.18)
  • GF Value™: R$25.70 vs. price of R$23.50 (8.6% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 20.8% below the Utilities - Regulated median (#216 of 425)

No single metric tells the full story. See the BSP:CEBR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia Energetica de Brasilia - CEB Business Description

Other Exchanges CEBR6:BrazilCEBR5:Brazil
Address SIA Public Services Area, Lot C, Brasilia, DF, BRA, 71215-902
Companhia Energética de Brasília (CEB) is a Brazilian electric utility based in Brasília, operating primarily in the Federal District and surrounding areas. The company distributes electricity to residential, commercial, industrial, and public-sector customers through its distribution subsidiary, CEB Distribuição, and generates power through CEB Geração, which operates hydroelectric and thermal plants. It also holds interests in transmission and energy trading activities, and has participated in piped natural gas distribution in the region through associated companies. Revenue comes mainly from regulated electricity distribution tariffs, supplemented by generation output, energy sales, and other services. The company is controlled by the Government of the Federal District and its shares trade on the Brazilian stock exchange. Its operations are concentrated geographically in the Brasília metropolitan region, making it a regional rather than national player in Brazil's power sector.
73GF Score

Get the complete analysis for BSP:CEBR3

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

R$23.50
Price
R$25.70
GF Value