Energisa (BSP:ENGI11) 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:ENGI11 Energisa SA BSP:ENGI11
72 GF Score
Price R$46.88
! 6 Warning Signs
View Full Analysis

What is Energisa Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Energisa  (BSP:ENGI11) 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.


Energisa Cyclically Adjusted PB Ratio Related Terms


Energisa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Energisa'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.

Energisa Cyclically Adjusted PB Ratio Chart

Energisa 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 4.36 3.94 4.57 2.42 2.59

Energisa 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 2.46 2.50 2.65 2.59 2.55

BSP:ENGI11 vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Energisa'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.


Energisa Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


BSP:ENGI11
72GF Score
Energisa SA BSP:ENGI11
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Energisa 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.

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

For example, Energisa'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)
=11.362/175.0655*175.0655
=11.362

Current CPI (Mar. 2026) = 175.0655.

Energisa Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.670 108.851 2.686
201609 2.125 109.986 3.382
201612 2.128 110.802 3.362
201703 2.149 111.869 3.363
201706 2.180 112.115 3.404
201709 2.182 112.777 3.387
201712 2.222 114.068 3.410
201803 2.300 114.868 3.505
201806 2.362 117.038 3.533
201809 2.445 117.881 3.631
201812 3.115 118.340 4.608
201903 3.256 120.124 4.745
201906 3.237 120.977 4.684
201909 3.173 121.292 4.580
201912 3.294 123.436 4.672
202003 3.624 124.092 5.113
202006 3.539 123.557 5.014
202009 3.962 125.095 5.545
202012 3.844 129.012 5.216
202103 4.312 131.660 5.734
202106 4.735 133.871 6.192
202109 5.057 137.913 6.419
202112 4.646 141.992 5.728
202203 5.154 146.537 6.157
202206 5.659 149.784 6.614
202209 6.743 147.800 7.987
202212 6.371 150.207 7.425
202303 6.561 153.352 7.490
202306 6.843 154.519 7.753
202309 6.963 155.464 7.841
202312 6.878 157.148 7.662
202403 8.814 159.372 9.682
202406 9.120 161.052 9.914
202409 9.382 162.342 10.117
202412 9.989 164.740 10.615
202503 10.399 168.102 10.830
202506 10.537 169.670 10.872
202509 10.686 170.739 10.957
202512 11.098 171.765 11.311
202603 11.362 175.066 11.362

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.


Energisa Business Description

Other Exchanges ENGI4:BrazilENGI3:Brazil
Address Praca Rui Barbosa, 80, Centro, Cataguases, MG, BRA, 36770-901
Energisa SA provides administrative services to its electricity distribution, transmission, generation and trading subsidiaries and energy trader and other direct and indirect subsidiaries. It offers the market a complete ecosystem of energy solutions to meet the needs of all customer profiles around Brazil. The company operates in the following segments: electricity distribution, (re) energisa, electricity transmission, centralized generation, natural gas distribution and biosolutions.
72GF Score

Get the complete analysis for BSP:ENGI11

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

R$46.88
Price