Companhia Energetica de Brasilia - CEB (BSP:CEBR3) Cyclically Adjusted PB Ratio: 1.54 (As of Aug. 07, 2026) — 32% Above Median

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BSP:CEBR3 Companhia Energetica de Brasilia - CEB BSP:CEBR3
73 GF Score
Price R$24.00
GF Value R$27.50
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Companhia Energetica de Brasilia - CEB Cyclically Adjusted PB Ratio?

Companhia Energetica de Brasilia - CEB BSP:CEBR3 +1.05% 73 Cyclically Adjusted PB Ratio is 1.54 as of Aug. 07, 2026, which is 32% above its 10-year median of 1.17. GuruFocus rates BSP:CEBR3 with a GF Score™ of 73/100 and a GF Value™ of R$27.50 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 437 Utilities - Regulated companies, Companhia Energetica de Brasilia - CEB ranks worse than 54% on this metric.

As of today (2026-08-07), Companhia Energetica de Brasilia - CEB's current share price is R$24.00. Companhia Energetica de Brasilia - CEB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$15.55. Companhia Energetica de Brasilia - CEB's Cyclically Adjusted PB Ratio for today is 1.54.

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: 1.17   Max: 2.66
Current: 1.6

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 1.17.

BSP:CEBR3's Cyclically Adjusted PB Ratio is ranked worse than
54% of 437 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs BSP:CEBR3: 1.60

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 Mar. 2026 was R$13.120. 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$15.55 for the trailing ten years ended in Mar. 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 1.09 0.67 1.13 1.03 1.76

Companhia Energetica de Brasilia - CEB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.17 1.27 1.52 1.76 2.08

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
=24.00/15.55
=1.54

* 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 Mar. 2026 is calculated as:

For example, Companhia Energetica de Brasilia - CEB'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)
=13.12/175.0655*175.0655
=13.120

Current CPI (Mar. 2026) = 175.0655.

Companhia Energetica de Brasilia - CEB Quarterly Data

Book Value per Share CPI Adj_Book
201412 2.686 94.194 4.992
201512 7.508 104.247 12.608
201612 7.540 110.802 11.913
201703 0.000 111.869 0.000
201706 0.000 112.115 0.000
201709 0.000 112.777 0.000
201712 9.115 114.068 13.989
201803 7.412 114.868 11.296
201806 9.801 117.038 14.660
201809 8.926 117.881 13.256
201812 10.119 118.340 14.969
201903 7.663 120.124 11.168
201906 5.414 120.977 7.835
201909 6.236 121.292 9.001
201912 10.591 123.436 15.021
202003 11.019 124.092 15.545
202006 9.820 123.557 13.914
202009 11.776 125.095 16.480
202012 9.417 129.012 12.779
202103 25.659 131.660 34.118
202106 25.978 133.871 33.972
202109 26.412 137.913 33.527
202112 11.501 141.992 14.180
202203 12.042 146.537 14.386
202206 12.882 149.784 15.056
202209 13.354 147.800 15.818
202212 13.555 150.207 15.798
202303 14.282 153.352 16.304
202306 13.921 154.519 15.772
202309 14.504 155.464 16.333
202312 13.989 157.148 15.584
202403 14.592 159.372 16.029
202406 14.255 161.052 15.495
202409 14.918 162.342 16.087
202412 14.780 164.740 15.706
202503 15.469 168.102 16.110
202506 14.928 169.670 15.403
202509 13.802 170.739 14.152
202512 12.690 171.765 12.934
202603 13.120 175.066 13.120

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 1.54 mean?
Companhia Energetica de Brasilia - CEB (BSP:CEBR3) has a Cyclically Adjusted PB Ratio of 1.54 as of Aug. 07, 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 32% above median its historical median of 1.17. 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 #236 out of 437 companies in the Utilities - Regulated industry, placing it in the top 54%.
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 1.54 is 32% above median its 10-year median of 1.17. 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 1.52. Companhia Energetica de Brasilia - CEB's value of 1.54 is 1.3% above this industry median. Based on the distribution chart, Companhia Energetica de Brasilia - CEB ranks #236 out of 437 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 Modestly Undervalued, 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 #236 out of 437 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 1.52. Companhia Energetica de Brasilia - CEB's value of 1.54 is 1.3% above 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 1.17 vs. the industry median of 1.52, Companhia Energetica de Brasilia - CEB 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 1.52, based on 437 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 1.54 is 1.3% 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 Companhia Energetica de Brasilia - CEB and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — 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 1.54, which is 32% above median its own 10-year median of 1.17. 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 Modestly Undervalued. The stock's GF Value™ is R$27.50, compared to a current price of R$24.00 — trading 12.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.54, which is 32% above median its 10-year median of 1.17 and 1.3% above the Utilities - Regulated industry median of 1.52. Companhia Energetica de Brasilia - CEB's overall GF Score™ is 73/100 with 2 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 1.54 as of Aug. 07, 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$24.00 is trading 12.7% below its estimated GF Value™ of R$27.50. GuruFocus considers Companhia Energetica de Brasilia - CEB to be Modestly Undervalued.

Key valuation signals for BSP:CEBR3:

  • Cyclically Adjusted PB Ratio: 1.54 (32% above median its 10-year median of 1.17)
  • GF Value™: R$27.50 vs. price of R$24.00 (12.7% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 1.3% above the Utilities - Regulated median (#236 of 437)

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 Energetica de Brasilia - CEB through its subsidiaries and holdings is engaged in generation, transmission, marketing and distribution of electricity as well as related services. It also constructs electric power stations and distribution network; and produces and distributes gas through pipelines.
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$24.00
Price
R$27.50
GF Value