Transmissora Alianca de Energia Eletrica (BSP:TAEE11) Cyclically Adjusted PB Ratio: (As of Aug. 12, 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:TAEE11 Transmissora Alianca de Energia Eletrica SA BSP:TAEE11
70 GF Score
Price R$38.30
! 6 Warning Signs
View Full Analysis

What is Transmissora Alianca de Energia Eletrica 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


Transmissora Alianca de Energia Eletrica  (BSP:TAEE11) 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.


Transmissora Alianca de Energia Eletrica Cyclically Adjusted PB Ratio Related Terms


Transmissora Alianca de Energia Eletrica Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Transmissora Alianca de Energia Eletrica'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.

Transmissora Alianca de Energia Eletrica Cyclically Adjusted PB Ratio Chart

Transmissora Alianca de Energia Eletrica 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 2.01 1.83 1.95 1.60 1.96

Transmissora Alianca de Energia Eletrica 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 1.63 1.65 1.72 1.96 1.94

BSP:TAEE11 vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Transmissora Alianca de Energia Eletrica'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.


Transmissora Alianca de Energia Eletrica Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Transmissora Alianca de Energia Eletrica's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Transmissora Alianca de Energia Eletrica's Cyclically Adjusted PB Ratio falls into.


BSP:TAEE11
70GF Score
Transmissora Alianca de Energia Eletrica SA BSP:TAEE11
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Transmissora Alianca de Energia Eletrica 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.

Transmissora Alianca de Energia Eletrica's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Transmissora Alianca de Energia Eletrica'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)
=7.701/175.0655*175.0655
=7.701

Current CPI (Mar. 2026) = 175.0655.

Transmissora Alianca de Energia Eletrica Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.155 108.851 6.683
201609 4.173 109.986 6.642
201612 4.168 110.802 6.585
201703 4.363 111.869 6.828
201706 4.091 112.115 6.388
201709 4.118 112.777 6.392
201712 4.207 114.068 6.457
201803 4.417 114.868 6.732
201806 4.268 117.038 6.384
201809 4.368 117.881 6.487
201812 4.385 118.340 6.487
201903 4.578 120.124 6.672
201906 4.726 120.977 6.839
201909 4.835 121.292 6.979
201912 4.829 123.436 6.849
202003 5.132 124.092 7.240
202006 5.237 123.557 7.420
202009 5.581 125.095 7.810
202012 5.831 129.012 7.912
202103 6.384 131.660 8.489
202106 6.172 133.871 8.071
202109 6.701 137.913 8.506
202112 6.468 141.992 7.975
202203 7.010 146.537 8.375
202206 6.922 149.784 8.090
202209 6.726 147.800 7.967
202212 6.357 150.207 7.409
202303 6.281 153.352 7.170
202306 6.472 154.519 7.333
202309 6.437 155.464 7.249
202312 6.312 157.148 7.032
202403 6.828 159.372 7.500
202406 6.549 161.052 7.119
202409 6.735 162.342 7.263
202412 6.715 164.740 7.136
202503 7.061 168.102 7.354
202506 7.366 169.670 7.600
202509 7.398 170.739 7.585
202512 7.362 171.765 7.503
202603 7.701 175.066 7.701

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.


Transmissora Alianca de Energia Eletrica Business Description

Other Exchanges TAEE4:BrazilTAEE3:Brazil
Address Avenue das Americas, No. 2480, block 6, room 201, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22640-101
Transmissora Alianca de Energia Eletrica SA, is an electric utility company that acts as one of the electric transmission concessionaires in Brazil. The company implements, operates, and maintains electric power transmission services and facilities both for Brazil's National Interconnected System and for the electricity transmission sectors of other countries as well. The company generates the majority of its revenue in the form of compensation for its investments in the construction of transmission lines and for the operation and maintenance service that it provides all over Brazil.
70GF Score

Get the complete analysis for BSP:TAEE11

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

R$38.30
Price