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Equatorial (BSP:EQTL3) Cyclically Adjusted PB Ratio : 3.04 (As of May. 29, 2025)


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What is Equatorial Cyclically Adjusted PB Ratio?

As of today (2025-05-29), Equatorial's current share price is R$36.81. Equatorial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$12.11. Equatorial's Cyclically Adjusted PB Ratio for today is 3.04.

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

BSP:EQTL3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.29   Med: 3.78   Max: 6.22
Current: 3.01

During the past years, Equatorial's highest Cyclically Adjusted PB Ratio was 6.22. The lowest was 2.29. And the median was 3.78.

BSP:EQTL3's Cyclically Adjusted PB Ratio is ranked worse than
82.68% of 410 companies
in the Utilities - Regulated industry
Industry Median: 1.515 vs BSP:EQTL3: 3.01

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.

Equatorial's adjusted book value per share data for the three months ended in Mar. 2025 was R$21.395. 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$12.11 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equatorial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Equatorial'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.

Equatorial Cyclically Adjusted PB Ratio Chart

Equatorial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.59 3.51 3.43 3.77 2.39

Equatorial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.27 2.94 2.98 2.39 2.64

Competitive Comparison of Equatorial's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Electric subindustry, Equatorial'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.


Equatorial's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

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


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Equatorial 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.81/12.11
=3.04

* 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.

Equatorial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Equatorial's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=21.395/168.1016*168.1016
=21.395

Current CPI (Mar. 2025) = 168.1016.

Equatorial Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.439 100.006 5.781
201509 3.513 101.392 5.824
201512 3.476 104.247 5.605
201603 3.618 106.979 5.685
201606 3.800 108.851 5.868
201609 3.990 109.986 6.098
201612 4.019 110.802 6.097
201703 4.070 111.869 6.116
201706 4.199 112.115 6.296
201709 4.509 112.777 6.721
201712 4.778 114.068 7.041
201803 4.843 114.868 7.087
201806 4.965 117.038 7.131
201809 5.212 117.881 7.432
201812 5.586 118.340 7.935
201903 5.639 120.124 7.891
201906 5.985 120.977 8.316
201909 6.522 121.292 9.039
201912 7.965 123.436 10.847
202003 8.419 124.092 11.405
202006 8.821 123.557 12.001
202009 9.541 125.095 12.821
202012 10.285 129.012 13.401
202103 10.283 131.660 13.129
202106 10.676 133.871 13.406
202109 12.067 137.913 14.708
202112 12.891 141.992 15.261
202203 14.502 146.537 16.636
202206 14.250 149.784 15.993
202209 14.684 147.800 16.701
202212 14.983 150.207 16.768
202303 16.005 153.352 17.544
202306 16.763 154.519 18.237
202309 17.405 155.464 18.820
202312 18.264 157.148 19.537
202403 18.525 159.372 19.540
202406 19.411 161.052 20.261
202409 21.806 162.342 22.580
202412 20.933 164.740 21.360
202503 21.395 168.102 21.395

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.


Equatorial  (BSP:EQTL3) 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.


Equatorial Cyclically Adjusted PB Ratio Related Terms

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


Equatorial Business Description

Traded in Other Exchanges
Address
Alameda A - Quadra SQS, No. 100, Altos do Calhau, Sao Luiz, MA, BRA, 65071680
Equatorial SA holds equity interests in other companies, consortia, and ventures that operate in the electric power sector or related activities and other sectors.

Equatorial Headlines

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