Central Puerto (BUE:CEPU) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

BUE:CEPU Central Puerto SA BUE:CEPU
84 GF Score
Price ARS2,078.00
GF Value ARS2,568.14
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Central Puerto Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Central Puerto  (BUE:CEPU) 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.


Central Puerto Cyclically Adjusted PB Ratio Related Terms


Central Puerto Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Central Puerto'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.

Central Puerto Cyclically Adjusted PB Ratio Chart

Central Puerto 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 2.80 5.11 9.02 7.83 6.43

Central Puerto 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 6.10 5.31 6.43 6.02 5.51

BUE:CEPU vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Central Puerto'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.


Central Puerto Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


BUE:CEPU
84GF Score
Central Puerto SA BUE:CEPU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Central Puerto 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.

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

For example, Central Puerto'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)
=2041.303/333.9520*333.9520
=2,041.303

Current CPI (Jun. 2026) = 333.9520.

Central Puerto Quarterly Data

Book Value per Share CPI Adj_Book
201512 2.917 236.525 4.119
201603 3.406 238.132 4.777
201606 3.779 241.018 5.236
201609 4.043 241.428 5.592
201612 3.404 241.432 4.708
201703 3.735 243.801 5.116
201706 4.175 244.955 5.692
201709 3.914 246.819 5.296
201803 9.813 249.554 13.132
201806 11.793 251.989 15.629
201809 15.528 252.439 20.542
201812 21.877 251.233 29.080
201903 25.304 254.202 33.243
201906 28.670 256.143 37.379
201909 34.598 256.759 45.000
202003 42.999 258.115 55.633
202006 45.112 257.797 58.438
202009 50.084 260.280 64.260
202103 63.845 264.877 80.495
202106 67.841 271.696 83.386
202109 75.925 274.310 92.433
202112 84.241 278.802 100.905
202203 100.959 287.504 117.270
202206 119.915 296.311 135.148
202209 149.273 296.808 167.954
202212 173.653 296.797 195.392
202303 213.606 301.836 236.334
202306 267.253 305.109 292.517
202309 362.684 307.789 393.513
202312 570.005 306.746 620.560
202403 880.350 312.332 941.289
202406 1,048.948 314.175 1,114.978
202409 1,202.855 315.301 1,274.007
202412 1,239.907 315.605 1,311.986
202503 1,383.086 319.799 1,444.296
202506 1,522.444 322.561 1,576.208
202509 1,616.279 324.800 1,661.821
202512 1,744.239 324.054 1,797.516
202603 1,817.904 330.213 1,838.488
202606 2,041.303 333.952 2,041.303

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.

Is Central Puerto (BUE:CEPU) Overvalued in 2026?

Based on GuruFocus' analysis, Central Puerto stock appears to be undervalued. The current stock price of ARS2,078.00 is trading 19.1% below its estimated GF Value™ of ARS2,568.14. GuruFocus considers Central Puerto to be Modestly Undervalued.

Key valuation signals for BUE:CEPU:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ARS2,568.14 vs. price of ARS2,078.00 (19.1% below fair value)
  • GF Score™: 84/100 with 8 warning signs

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


Central Puerto Business Description

Other Exchanges CEPU:USAC3TA:Germany
Address Avenida Thomas Edison 2701, Dock E - Port, Buenos Aires, ARG, C1104BAB
Central Puerto SA is a power generation company. It is mainly engaged in electric power generation and commercialization. The company is also involved in the natural gas distribution public sector service in the Cuyo and Centro regions in Argentina. The Group has four reporting segments which includes electric power generation from conventional sources, electric power generation from renewable sources, natural gas transport and distribution, and forest activity. The company derives maximum revenue from Electric Power Generation from conventional sources segment.
84GF Score

Get the complete analysis for BUE:CEPU

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

ARS2,078.00
Price
ARS2,568.14
GF Value