E.ON SE (BUE:EOAN GR) Cyclically Adjusted PB Ratio: 3.88 (As of Sep. 01, 2026) — 280% Above Median

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Director of Data and Quant Analytics at GuruFocus
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BUE:EOAN GR E.ON SE BUE:EOAN GR
75 GF Score
Price ARS380.50
GF Value ARS267.85
! 3 Warning Signs
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What is E.ON SE Cyclically Adjusted PB Ratio?

E.ON SE BUE:EOAN GR 75 Cyclically Adjusted PB Ratio is 3.88 as of Sep. 01, 2026, which is 280% above its 10-year median of 1.02. GuruFocus rates BUE:EOAN GR with a GF Score™ of 75/100 and a GF Value™ of ARS267.85. The stock has 3 warning signs investors should review. Among 424 Utilities - Regulated companies, E.ON SE ranks worse than 90.8% on this metric.

As of today (2026-09-01), E.ON SE's current share price is ARS380.50. E.ON SE's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS98.16. E.ON SE's Cyclically Adjusted PB Ratio for today is 3.88.

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

BUE:EOAN GR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 1.02   Max: 4.34
Current: 3.83

During the past years, E.ON SE's highest Cyclically Adjusted PB Ratio was 4.34. The lowest was 0.31. And the median was 1.02.

BUE:EOAN GR's Cyclically Adjusted PB Ratio is ranked worse than
90.8% of 424 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs BUE:EOAN GR: 3.83

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.

E.ON SE's adjusted book value per share data for the three months ended in Jun. 2026 was ARS2,307.936. 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 ARS98.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


E.ON SE  (BUE:EOAN GR) 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.


E.ON SE Cyclically Adjusted PB Ratio Related Terms


E.ON SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for E.ON SE'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.

E.ON SE Cyclically Adjusted PB Ratio Chart

E.ON SE 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 1.39 1.19 1.89 2.15 3.51

E.ON SE 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 3.28 3.42 3.51 4.12 3.88

BUE:EOAN GR vs SRE, AES: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, E.ON SE'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.


E.ON SE Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


BUE:EOAN GR
75GF Score
E.ON SE BUE:EOAN GR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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E.ON SE 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.

E.ON SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=380.50/98.16
=3.88

* 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.

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

For example, E.ON SE'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)
=2307.936/131.3638*131.3638
=2,307.936

Current CPI (Jun. 2026) = 131.3638.

E.ON SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.619 101.017 0.805
201612 -1.505 101.217 -1.953
201703 1.380 101.417 1.787
201706 5.338 102.117 6.867
201709 5.804 102.717 7.423
201712 6.961 102.617 8.911
201803 8.539 102.917 10.899
201806 12.780 104.017 16.140
201809 19.330 104.718 24.249
201812 18.988 104.217 23.934
201903 18.864 104.217 23.778
201906 15.524 105.718 19.290
201909 31.008 106.018 38.421
201912 38.520 105.818 47.819
202003 28.020 105.718 34.817
202006 23.226 106.618 28.617
202009 24.271 105.818 30.130
202012 31.155 105.518 38.786
202103 55.467 107.518 67.769
202106 67.515 108.486 81.753
202109 79.032 109.435 94.869
202112 87.828 110.384 104.521
202203 108.018 113.968 124.505
202206 141.898 115.760 161.024
202209 167.554 118.818 185.246
202212 180.479 119.345 198.655
202303 214.067 122.402 229.739
202306 253.225 123.140 270.136
202309 376.333 124.195 398.057
202312 354.443 123.773 376.181
202403 871.935 125.038 916.046
202406 976.409 125.882 1,018.933
202409 1,071.502 126.198 1,115.365
202412 1,202.984 127.041 1,243.916
202503 1,374.834 127.779 1,413.402
202506 1,521.990 128.412 1,556.978
202509 1,817.683 129.255 1,847.336
202512 2,086.096 129.361 2,118.400
202603 2,252.056 131.258 2,253.866
202606 2,307.936 131.364 2,307.936

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.

What does a Cyclically Adjusted PB Ratio of 3.88 mean?
E.ON SE (BUE:EOAN GR) has a Cyclically Adjusted PB Ratio of 3.88 as of Sep. 01, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on E.ON SE and its competitors. This is 280% above median its historical median of 1.02. Over the past decade, E.ON SE's Cyclically Adjusted PB Ratio has ranged from 0.31 to 4.34. According to the industry distribution chart, E.ON SE ranks #385 out of 424 companies in the Utilities - Regulated industry, placing it in the top 90.8%.
Is E.ON SE's Cyclically Adjusted PB Ratio too high?
E.ON SE's current Cyclically Adjusted PB Ratio of 3.88 is 280% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 4.34. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. E.ON SE's value of 3.88 is 155.3% above this industry median. Based on the distribution chart, E.ON SE ranks #385 out of 424 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, E.ON SE has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does E.ON SE's Cyclically Adjusted PB Ratio compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, E.ON SE ranks #385 out of 424 companies for Cyclically Adjusted PB Ratio. This places E.ON SE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. E.ON SE's value of 3.88 is 155.3% above this benchmark. Historically, E.ON SE's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 4.34 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.52, E.ON SE has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 424 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. E.ON SE's current Cyclically Adjusted PB Ratio of 3.88 is 155.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on E.ON SE and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. E.ON SE's current Cyclically Adjusted PB Ratio is 3.88, which is 280% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is E.ON SE stock overvalued right now?
E.ON SE (BUE:EOAN GR) has a current Cyclically Adjusted PB Ratio of 3.88. The stock's GF Value™ is ARS267.85, compared to a current price of ARS380.50 — trading 42.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.88, which is 280% above median its 10-year median of 1.02 and 155.3% above the Utilities - Regulated industry median of 1.52. E.ON SE's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For E.ON SE (BUE:EOAN GR), the current Cyclically Adjusted PB Ratio is 3.88 as of Sep. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is E.ON SE (BUE:EOAN GR) Overvalued in 2026?

Based on GuruFocus' analysis, E.ON SE stock appears to be overvalued. The current stock price of ARS380.50 is trading 42.1% above its estimated GF Value™ of ARS267.85.

Key valuation signals for BUE:EOAN GR:

  • Cyclically Adjusted PB Ratio: 3.88 (280% above median its 10-year median of 1.02)
  • GF Value™: ARS267.85 vs. price of ARS380.50 (42.1% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 155.3% above the Utilities - Regulated median (#385 of 424)

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


E.ON SE Business Description

Address Brusseler Platz 1, Essen, NW, DEU, 45131
Since completing the transformative deal with RWE in 2020, E.On has two core businesses: energy networks and customer solutions. Its retail supply serves around 47 million customers primarily in Germany, the United Kingdom, Eastern Europe, the Netherlands, Belgium, and Sweden. Its networks business operates in Germany, Sweden, Eastern Europe, and Turkey.
75GF Score

Get the complete analysis for BUE:EOAN GR

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

ARS380.50
Price
ARS267.85
GF Value