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Energisa (BSP:ENGI3) Cyclically Adjusted PB Ratio : 3.71 (As of May. 02, 2024)


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What is Energisa Cyclically Adjusted PB Ratio?

As of today (2024-05-02), Energisa's current share price is R$14.40. Energisa's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$3.88. Energisa's Cyclically Adjusted PB Ratio for today is 3.71.

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

BSP:ENGI3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.31   Med: 4.92   Max: 7.47
Current: 3.73

During the past years, Energisa's highest Cyclically Adjusted PB Ratio was 7.47. The lowest was 3.31. And the median was 4.92.

BSP:ENGI3's Cyclically Adjusted PB Ratio is ranked worse than
87.5% of 256 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.13 vs BSP:ENGI3: 3.73

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.

Energisa's adjusted book value per share data for the three months ended in Dec. 2023 was R$5.756. 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$3.88 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Energisa Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

Energisa Cyclically Adjusted PB Ratio Chart

Energisa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.87 6.43 4.36 3.94 4.60

Energisa Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.94 3.41 3.81 3.82 4.60

Competitive Comparison of Energisa's Cyclically Adjusted PB Ratio

For the Utilities - Renewable 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's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers 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.



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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.40/3.88
=3.71

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Energisa's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.756/156.2729*156.2729
=5.756

Current CPI (Dec. 2023) = 156.2729.

Energisa Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.416 90.447 2.447
201406 1.464 91.838 2.491
201409 1.420 92.602 2.396
201412 1.495 94.194 2.480
201503 1.709 97.799 2.731
201506 2.489 100.006 3.889
201509 1.447 101.392 2.230
201512 1.637 104.247 2.454
201603 1.645 106.979 2.403
201606 1.624 108.851 2.332
201609 2.075 109.986 2.948
201612 2.079 110.802 2.932
201703 2.099 111.869 2.932
201706 2.129 112.115 2.968
201709 2.130 112.777 2.951
201712 2.170 114.068 2.973
201803 2.247 114.868 3.057
201806 2.306 117.038 3.079
201809 2.387 117.881 3.164
201812 2.921 118.340 3.857
201903 3.053 120.124 3.972
201906 3.035 120.977 3.920
201909 2.975 121.292 3.833
201912 3.089 123.436 3.911
202003 3.398 124.092 4.279
202006 3.319 123.557 4.198
202009 3.716 125.095 4.642
202012 3.604 129.012 4.366
202103 4.044 131.660 4.800
202106 4.440 133.871 5.183
202109 4.755 137.913 5.388
202112 4.368 141.992 4.807
202203 4.845 146.537 5.167
202206 5.319 149.784 5.549
202209 5.643 147.800 5.967
202212 5.331 150.207 5.546
202303 5.491 153.352 5.596
202306 5.727 154.519 5.792
202309 5.827 155.464 5.857
202312 5.756 156.273 5.756

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  (BSP:ENGI3) 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

Thank you for viewing the detailed overview of Energisa's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Energisa (BSP:ENGI3) Business Description

Traded in Other Exchanges
Address
Praca Rui Barbosa, 80, Centro, Cataguases, MG, BRA, 36770-901
Energisa SA is a holding company. Energisa along with its subsidiaries is engaged in the production of energy from renewable sources and; the transmission and distribution of electricity. The company segments include Distribution, Generation, Transmission, Sales and Services and Trading. It generates maximum revenue from the Distribution segment. The company distributes its electricity to residential, industrial, commercial, rural, Government, Public lighting, Public utility and other class areas in Brazil.

Energisa (BSP:ENGI3) Headlines

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