Exelon (BSP:E1XC34) Cyclically Adjusted PB Ratio: 1.21 (As of Sep. 03, 2026) — Near Median

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BSP:E1XC34 Exelon Corp BSP:E1XC34
68 GF Score
Price R$55.86
GF Value R$58.62
Valuation Fairly Valued
! 5 Warning Signs
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What is Exelon Cyclically Adjusted PB Ratio?

Exelon BSP:E1XC34 -1.52% 68 Cyclically Adjusted PB Ratio is 1.21 as of Sep. 03, 2026, which is 7% above its 10-year median of 1.13. GuruFocus rates BSP:E1XC34 with a GF Score™ of 68/100 and a GF Value™ of R$58.62 (Fairly Valued). The stock has 5 warning signs investors should review. Among 424 Utilities - Regulated companies, Exelon ranks better than 60.14% on this metric.

As of today (2026-09-03), Exelon's current share price is R$55.86. Exelon's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$46.16. Exelon's Cyclically Adjusted PB Ratio for today is 1.21.

The historical rank and industry rank for Exelon's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:E1XC34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.13   Max: 1.47
Current: 1.24

During the past years, Exelon's highest Cyclically Adjusted PB Ratio was 1.47. The lowest was 0.76. And the median was 1.13.

BSP:E1XC34's Cyclically Adjusted PB Ratio is ranked better than
60.14% of 424 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs BSP:E1XC34: 1.24

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.

Exelon's adjusted book value per share data for the three months ended in Jun. 2026 was R$36.927. 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$46.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Exelon  (BSP:E1XC34) 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.


Exelon Cyclically Adjusted PB Ratio Related Terms


Exelon Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Exelon'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.

Exelon Cyclically Adjusted PB Ratio Chart

Exelon 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 1.24 1.25 1.03 1.07 1.24

Exelon 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 1.23 1.27 1.24 1.39 1.31

BSP:E1XC34 vs XEL, ETR, PCG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Exelon'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.


Exelon Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Exelon's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:E1XC34
68GF Score
Exelon Corp BSP:E1XC34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Exelon 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.

Exelon's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=55.86/46.16
=1.21

* 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.

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

For example, Exelon'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)
=36.927/333.9520*333.9520
=36.927

Current CPI (Jun. 2026) = 333.9520.

Exelon Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.927 241.428 31.713
201612 23.446 241.432 32.431
201703 22.398 243.801 30.680
201706 23.637 244.955 32.225
201709 22.902 246.819 30.987
201712 25.573 246.524 34.642
201803 25.671 249.554 34.353
201806 29.783 251.989 39.470
201809 32.950 252.439 43.590
201812 30.832 251.233 40.984
201903 31.009 254.202 40.737
201906 31.299 256.143 40.807
201909 33.926 256.759 44.126
201912 33.983 256.974 44.163
202003 40.721 258.115 52.685
202006 43.529 257.797 56.388
202009 45.505 260.280 58.385
202012 42.941 260.474 55.054
202103 46.155 264.877 58.191
202106 41.320 271.696 50.788
202109 45.665 274.310 55.594
202112 49.665 278.802 59.489
202203 29.815 287.504 34.632
202206 30.447 296.311 34.315
202209 32.427 296.808 36.485
202212 32.644 296.797 36.731
202303 32.818 301.836 36.310
202306 30.578 305.109 33.469
202309 31.591 307.789 34.276
202312 31.580 306.746 34.381
202403 32.444 312.332 34.690
202406 35.197 314.175 37.413
202409 36.680 315.301 38.850
202412 40.855 315.605 43.230
202503 39.366 319.799 41.108
202506 37.915 322.561 39.254
202509 37.383 324.800 38.436
202512 38.418 324.054 39.591
202603 37.457 330.213 37.881
202606 36.927 333.952 36.927

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 1.21 mean?
Exelon (BSP:E1XC34) has a Cyclically Adjusted PB Ratio of 1.21 as of Sep. 03, 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 Exelon and its competitors. This is near median its historical median of 1.13. Over the past decade, Exelon's Cyclically Adjusted PB Ratio has ranged from 0.76 to 1.47. According to the industry distribution chart, Exelon ranks #169 out of 424 companies in the Utilities - Regulated industry, placing it in the top 39.9%.
Is Exelon's Cyclically Adjusted PB Ratio too high?
Exelon's current Cyclically Adjusted PB Ratio of 1.21 is near median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.47. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Exelon's value of 1.21 is 20.4% below this industry median. Based on the distribution chart, Exelon ranks #169 out of 424 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Exelon has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Exelon's Cyclically Adjusted PB Ratio compare to XEL and ETR?
According to the Utilities - Regulated industry distribution chart, Exelon ranks #169 out of 424 companies for Cyclically Adjusted PB Ratio. This puts Exelon in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Exelon's value of 1.21 is 20.4% below this benchmark. Historically, Exelon's own Cyclically Adjusted PB Ratio has ranged from 0.76 to 1.47 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.52, Exelon 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 1.52, based on 424 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. Exelon's current Cyclically Adjusted PB Ratio of 1.21 is 20.4% 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 Exelon 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. Exelon's current Cyclically Adjusted PB Ratio is 1.21, which is near median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exelon stock overvalued right now?
Based on GuruFocus' analysis, Exelon (BSP:E1XC34) is currently considered Fairly Valued. The stock's GF Value™ is R$58.62, compared to a current price of R$55.86 — trading 4.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.21, which is near median its 10-year median of 1.13 and 20.4% below the Utilities - Regulated industry median of 1.52. Exelon's overall GF Score™ is 68/100 with 5 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 Exelon (BSP:E1XC34), the current Cyclically Adjusted PB Ratio is 1.21 as of Sep. 03, 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 Exelon (BSP:E1XC34) Overvalued in 2026?

Based on GuruFocus' analysis, Exelon stock appears to be undervalued. The current stock price of R$55.86 is trading 4.7% below its estimated GF Value™ of R$58.62. GuruFocus considers Exelon to be Fairly Valued.

Key valuation signals for BSP:E1XC34:

  • Cyclically Adjusted PB Ratio: 1.21 (near median its 10-year median of 1.13)
  • GF Value™: R$58.62 vs. price of R$55.86 (4.7% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 20.4% below the Utilities - Regulated median (#169 of 424)

No single metric tells the full story. See the BSP:E1XC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Exelon Business Description

Address 10 South Dearborn Street, 54th Floor, P.O. Box 805379, Chicago, IL, USA, 60680-5379
Exelon serves approximately 10 million power and gas customers at its six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.
68GF Score

Get the complete analysis for BSP:E1XC34

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

R$55.86
Price
R$58.62
GF Value