Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D (BSP:CEED3) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BSP:CEED3 Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D BSP:CEED3
36 GF Score
Price R$7.30
GF Value R$17.98
Valuation Possible Value Trap
! 7 Warning Signs
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What is Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D  (BSP:CEED3) 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 Estadual De Distribuicao De Energia Eletrica CEEE-D Cyclically Adjusted PB Ratio Related Terms


Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D'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 Estadual De Distribuicao De Energia Eletrica CEEE-D Cyclically Adjusted PB Ratio Chart

Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D 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 0.00 0.00 0.00 0.00 0.00

Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D 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 0.00 0.00 0.00 0.00 0.00

BSP:CEED3 vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D'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 Estadual De Distribuicao De Energia Eletrica CEEE-D Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D's Cyclically Adjusted PB Ratio falls into.


BSP:CEED3
36GF Score
Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D BSP:CEED3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D 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 Estadual De Distribuicao De Energia Eletrica CEEE-D's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D'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)
=-65.305/177.5443*177.5443
=-65.305

Current CPI (Jun. 2026) = 177.5443.

Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D Quarterly Data

Book Value per Share CPI Adj_Book
201609 -74.418 109.986 -120.129
201612 -127.674 110.802 -204.579
201703 -115.015 111.869 -182.537
201706 -137.228 112.115 -217.314
201709 -135.547 112.777 -213.391
201712 -128.135 114.068 -199.440
201803 -129.245 114.868 -199.766
201806 -178.137 117.038 -270.231
201809 -216.215 117.881 -325.647
201812 -261.300 118.340 -392.025
201903 -267.529 120.124 -395.411
201906 -290.979 120.977 -427.036
201909 -346.257 121.292 -506.842
201912 -399.492 123.436 -574.608
202003 -423.005 124.092 -605.216
202006 -504.448 123.557 -724.862
202009 -548.079 125.095 -777.875
202012 -593.213 129.012 -816.368
202103 -611.015 131.660 -823.955
202106 189.426 133.871 251.224
202109 -44.944 137.913 -57.859
202112 -38.940 141.992 -48.690
202203 -38.811 146.537 -47.023
202206 -40.406 149.784 -47.895
202209 -40.613 147.800 -48.786
202212 -40.212 150.207 -47.531
202303 -39.609 153.352 -45.857
202306 -42.074 154.519 -48.344
202309 -43.448 155.464 -49.619
202312 -49.149 157.148 -55.528
202403 -48.711 159.372 -54.265
202406 -51.859 161.052 -57.170
202409 -53.959 162.342 -59.012
202412 -53.012 164.740 -57.132
202503 -53.005 168.102 -55.982
202506 -55.342 169.670 -57.910
202509 -59.062 170.739 -61.416
202512 -62.538 171.765 -64.642
202603 -63.172 175.066 -64.066
202606 -65.305 177.544 -65.305

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 Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D (BSP:CEED3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D stock appears to be undervalued. The current stock price of R$7.30 is trading 59.4% below its estimated GF Value™ of R$17.98. GuruFocus considers Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D to be Possible Value Trap.

Key valuation signals for BSP:CEED3:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$17.98 vs. price of R$7.30 (59.4% below fair value)
  • GF Score™: 36/100 with 7 warning signs

No single metric tells the full story. See the BSP:CEED3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D Business Description

Address Av Joaquim Porto Villanova 201, Predio A1/s, Porto Alegre, RS, BRA, 91410400
Companhia Estadual De Distribuicao De Energia Eletrica CEEE-D generates, distributes, and sells electricity to residential, commercial and industrial clients in the south-east of Rio Grande do Sul, Brazil.
36GF Score

Get the complete analysis for BSP:CEED3

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

R$7.30
Price
R$17.98
GF Value