EnBW Energie Baden-Wuerttemberg AG (CHIX:EBKD) Cyclically Adjusted PB Ratio: 2.87 (As of Jul. 15, 2026) — Near Median

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CHIX:EBKD EnBW Energie Baden-Wuerttemberg AG CHIX:EBKD
74 GF Score
Price €45.09
GF Value €35.80
! 7 Warning Signs
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What is EnBW Energie Baden-Wuerttemberg AG Cyclically Adjusted PB Ratio?

EnBW Energie Baden-Wuerttemberg AG CHIX:EBKD 74 Cyclically Adjusted PB Ratio is 2.87 as of Jul. 15, 2026, which is 5% below its 10-year median of 3.01. GuruFocus rates CHIX:EBKD with a GF Score™ of 74/100 and a GF Value™ of €35.80. The stock has 7 warning signs investors should review. Among 440 Utilities - Regulated companies, EnBW Energie Baden-Wuerttemberg AG ranks worse than 82.95% on this metric.

As of today (2026-07-15), EnBW Energie Baden-Wuerttemberg AG's current share price is €45.09. EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €15.71. EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted PB Ratio for today is 2.87.

The historical rank and industry rank for EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:EBKd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 3.01   Max: 6.17
Current: 2.84

During the past years, EnBW Energie Baden-Wuerttemberg AG's highest Cyclically Adjusted PB Ratio was 6.17. The lowest was 1.15. And the median was 3.01.

CHIX:EBKd's Cyclically Adjusted PB Ratio is ranked worse than
82.95% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.535 vs CHIX:EBKd: 2.84

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.

EnBW Energie Baden-Wuerttemberg AG's adjusted book value per share data for the three months ended in Mar. 2026 was €40.572. 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 €15.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


EnBW Energie Baden-Wuerttemberg AG  (CHIX:EBKd) 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.


EnBW Energie Baden-Wuerttemberg AG Cyclically Adjusted PB Ratio Related Terms


EnBW Energie Baden-Wuerttemberg AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for EnBW Energie Baden-Wuerttemberg AG'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.

EnBW Energie Baden-Wuerttemberg AG Cyclically Adjusted PB Ratio Chart

EnBW Energie Baden-Wuerttemberg AG 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 3.50 4.81 5.08 4.10 2.75

EnBW Energie Baden-Wuerttemberg AG Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 2.75 3.19 3.12 2.84 2.87

CHIX:EBKD vs SRE, AES: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, EnBW Energie Baden-Wuerttemberg AG'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.


EnBW Energie Baden-Wuerttemberg AG Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted PB Ratio falls into.


CHIX:EBKD
74GF Score
EnBW Energie Baden-Wuerttemberg AG CHIX:EBKD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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EnBW Energie Baden-Wuerttemberg AG 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.

EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.09/15.71
=2.87

* 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.

EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, EnBW Energie Baden-Wuerttemberg AG'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)
=40.572/131.2583*131.2583
=40.572

Current CPI (Mar. 2026) = 131.2583.

EnBW Energie Baden-Wuerttemberg AG Quarterly Data

Book Value per Share CPI Adj_Book
201603 10.279 100.017 13.490
201606 7.090 100.717 9.240
201609 7.116 101.017 9.246
201612 4.740 101.217 6.147
201703 6.753 101.417 8.740
201706 11.633 102.117 14.953
201709 12.153 102.717 15.530
201712 12.760 102.617 16.321
201803 15.049 102.917 19.193
201806 15.160 104.017 19.130
201809 15.573 104.718 19.520
201812 14.308 104.217 18.020
201903 14.623 104.217 18.417
201906 12.769 105.718 15.854
201909 11.461 106.018 14.190
201912 14.197 105.818 17.610
202003 13.485 105.718 16.743
202006 14.160 106.618 17.433
202009 13.742 105.818 17.046
202012 14.055 105.518 17.484
202103 17.229 107.518 21.033
202106 15.020 108.486 18.173
202109 16.488 109.435 19.776
202112 16.716 110.384 19.877
202203 22.196 113.968 25.563
202206 24.412 115.760 27.680
202209 22.740 118.818 25.121
202212 32.239 119.345 35.457
202303 38.457 122.402 41.239
202306 38.774 123.140 41.330
202309 39.819 124.195 42.084
202312 33.483 123.773 35.508
202403 35.330 125.038 37.088
202406 36.543 125.882 38.104
202409 38.280 126.198 39.815
202412 36.807 127.041 38.029
202503 38.877 127.779 39.936
202506 36.464 128.412 37.272
202509 41.563 129.255 42.207
202603 40.572 131.258 40.572

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 2.87 mean?
EnBW Energie Baden-Wuerttemberg AG (CHIX:EBKD) has a Cyclically Adjusted PB Ratio of 2.87 as of Jul. 15, 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 EnBW Energie Baden-Wuerttemberg AG and its competitors. This is near median its historical median of 3.01. Over the past decade, EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted PB Ratio has ranged from 1.15 to 6.17. According to the industry distribution chart, EnBW Energie Baden-Wuerttemberg AG ranks #365 out of 440 companies in the Utilities - Regulated industry, placing it in the top 83%.
Is EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted PB Ratio too high?
EnBW Energie Baden-Wuerttemberg AG's current Cyclically Adjusted PB Ratio of 2.87 is near median its 10-year median of 3.01. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 6.17. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.54. EnBW Energie Baden-Wuerttemberg AG's value of 2.87 is 87% above this industry median. Based on the distribution chart, EnBW Energie Baden-Wuerttemberg AG ranks #365 out of 440 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, EnBW Energie Baden-Wuerttemberg AG has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does EnBW Energie Baden-Wuerttemberg AG's Cyclically Adjusted PB Ratio compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, EnBW Energie Baden-Wuerttemberg AG ranks #365 out of 440 companies for Cyclically Adjusted PB Ratio. This places EnBW Energie Baden-Wuerttemberg AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. EnBW Energie Baden-Wuerttemberg AG's value of 2.87 is 87% above this benchmark. Historically, EnBW Energie Baden-Wuerttemberg AG's own Cyclically Adjusted PB Ratio has ranged from 1.15 to 6.17 over the past decade. While the company's 10-year median is 3.01 vs. the industry median of 1.54, EnBW Energie Baden-Wuerttemberg AG 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 1.54, based on 440 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. EnBW Energie Baden-Wuerttemberg AG's current Cyclically Adjusted PB Ratio of 2.87 is 87% 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 EnBW Energie Baden-Wuerttemberg AG and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EnBW Energie Baden-Wuerttemberg AG's current Cyclically Adjusted PB Ratio is 2.87, which is near median its own 10-year median of 3.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EnBW Energie Baden-Wuerttemberg AG stock overvalued right now?
EnBW Energie Baden-Wuerttemberg AG (CHIX:EBKD) has a current Cyclically Adjusted PB Ratio of 2.87. The stock's GF Value™ is €35.80, compared to a current price of €45.09 — trading 25.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.87, which is near median its 10-year median of 3.01 and 87% above the Utilities - Regulated industry median of 1.54. EnBW Energie Baden-Wuerttemberg AG's overall GF Score™ is 74/100 with 7 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 EnBW Energie Baden-Wuerttemberg AG (CHIX:EBKD), the current Cyclically Adjusted PB Ratio is 2.87 as of Jul. 15, 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 EnBW Energie Baden-Wuerttemberg AG (CHIX:EBKD) Overvalued in 2026?

Based on GuruFocus' analysis, EnBW Energie Baden-Wuerttemberg AG stock appears to be overvalued. The current stock price of €45.09 is trading 25.9% above its estimated GF Value™ of €35.80.

Key valuation signals for CHIX:EBKD:

  • Cyclically Adjusted PB Ratio: 2.87 (near median its 10-year median of 3.01)
  • GF Value™: €35.80 vs. price of €45.09 (25.9% above fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 87% above the Utilities - Regulated median (#365 of 440)

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


EnBW Energie Baden-Wuerttemberg AG Business Description

Other Exchanges EBK:Germany
Address Durlacher Allee 93, Karlsruhe, BW, DEU, 76131
EnBW Energie Baden-Wuerttemberg AG is active in the energy sector in Germany and the rest of Europe. It operates in three segments: Smart Infrastructure for Customers, which comprises the sale of electricity and gas, energy industry services and energy solutions, provision and expansion of quick-charging infrastructure and digital solutions for electromobility, broadband activities; System Critical Infrastructure segment is into the transmission and distribution of electricity and gas; and Sustainable Generation Infrastructure segment, which generates maximum revenue, encompasses activities in the areas of renewable energies and conventional generation, district heating and waste management/environmental services. Geographically, the company generates maximum revenue from Germany.
74GF Score

Get the complete analysis for CHIX:EBKD

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

€45.09
Price
€35.80
GF Value