Cia Paranaense De Energia Copel (BSP:CPLE3) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.

BSP:CPLE3 Cia Paranaense De Energia Copel BSP:CPLE3
58 GF Score
Price R$14.67
GF Value R$11.79
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Cia Paranaense De Energia Copel Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cia Paranaense De Energia Copel  (BSP:CPLE3) 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.


Cia Paranaense De Energia Copel Cyclically Adjusted PB Ratio Related Terms


Cia Paranaense De Energia Copel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cia Paranaense De Energia Copel'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.

Cia Paranaense De Energia Copel Cyclically Adjusted PB Ratio Chart

Cia Paranaense De Energia Copel 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 0.82 0.88 1.17 0.97 1.47

Cia Paranaense De Energia Copel 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 1.33 1.36 1.47 1.71 0.00

BSP:CPLE3 vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Cia Paranaense De Energia Copel'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.


Cia Paranaense De Energia Copel Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cia Paranaense De Energia Copel's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cia Paranaense De Energia Copel's Cyclically Adjusted PB Ratio falls into.


BSP:CPLE3
58GF Score
Cia Paranaense De Energia Copel BSP:CPLE3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cia Paranaense De Energia Copel 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.

Cia Paranaense De Energia Copel's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Cia Paranaense De Energia Copel'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)
=8.125/177.5443*177.5443
=8.125

Current CPI (Jun. 2026) = 177.5443.

Cia Paranaense De Energia Copel Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.585 109.986 9.016
201612 5.378 110.802 8.617
201703 5.583 111.869 8.861
201706 5.552 112.115 8.792
201709 5.693 112.777 8.962
201712 5.557 114.068 8.649
201803 5.672 114.868 8.767
201806 5.799 117.038 8.797
201809 5.929 117.881 8.930
201812 5.858 118.340 8.789
201903 6.040 120.124 8.927
201906 6.168 120.977 9.052
201909 6.377 121.292 9.334
201912 6.304 123.436 9.067
202003 6.491 124.092 9.287
202006 7.079 123.557 10.172
202009 7.329 125.095 10.402
202012 7.293 129.012 10.036
202103 7.029 131.660 9.479
202106 7.371 133.871 9.776
202109 7.879 137.913 10.143
202112 7.979 141.992 9.977
202203 8.222 146.537 9.962
202206 7.526 149.784 8.921
202209 7.662 147.800 9.204
202212 7.607 150.207 8.991
202303 7.836 153.352 9.072
202306 7.951 154.519 9.136
202309 7.795 155.464 8.902
202312 8.008 157.148 9.047
202403 8.186 159.372 9.119
202406 8.300 161.052 9.150
202409 8.547 162.342 9.347
202412 8.624 164.740 9.294
202503 8.848 168.102 9.345
202506 8.620 169.670 9.020
202509 8.751 170.739 9.100
202512 7.788 171.765 8.050
202603 8.024 175.066 8.138
202606 8.125 177.544 8.125

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 Cia Paranaense De Energia Copel (BSP:CPLE3) Overvalued in 2026?

Based on GuruFocus' analysis, Cia Paranaense De Energia Copel stock appears to be overvalued. The current stock price of R$14.67 is trading 24.4% above its estimated GF Value™ of R$11.79. GuruFocus considers Cia Paranaense De Energia Copel to be Modestly Overvalued.

Key valuation signals for BSP:CPLE3:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$11.79 vs. price of R$14.67 (24.4% above fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the BSP:CPLE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cia Paranaense De Energia Copel Business Description

Other Exchanges ELPC:USAELP0:Germany
Address Rua Jose Izidoro Biazetto, 158, Bloco A, Mossungue, Curitiba, PR, BRA, 81200-240
Cia Paranaense De Energia Copel is engaged in the areas of generation, transmission, commercialization and distribution of energy. It operates a comprehensive and effective electrical system with its own generating plants, transmission lines, substations, electrical lines and grids of the distribution system. The company's reportable segments include Power generation and transmission, Power distribution, GAS, Power Sale, Services, and Holding. The majority of its revenue is generated from the Power distribution segment under which it provides public electricity distribution services, being responsible for the operation and maintenance of the distribution infrastructure, as well as providing related services.
58GF Score

Get the complete analysis for BSP:CPLE3

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

R$14.67
Price
R$11.79
GF Value