RWE AG (CHIX:RWED) Cyclically Adjusted PB Ratio: 1.86 (As of Jul. 23, 2026) — 27% Above Median

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CHIX:RWED RWE AG CHIX:RWED
62 GF Score
Price €55.21
GF Value €22.87
Valuation Significantly Overvalued
! 10 Warning Signs
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What is RWE AG Cyclically Adjusted PB Ratio?

RWE AG CHIX:RWED 62 Cyclically Adjusted PB Ratio is 1.86 as of Jul. 23, 2026, which is 27% above its 10-year median of 1.47. GuruFocus rates CHIX:RWED with a GF Score™ of 62/100 and a GF Value™ of €22.87 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 440 Utilities - Regulated companies, RWE AG ranks worse than 61.82% on this metric.

As of today (2026-07-23), RWE AG's current share price is €55.21. RWE AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €29.68. RWE AG's Cyclically Adjusted PB Ratio for today is 1.86.

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

CHIX:RWEd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.47   Max: 2.14
Current: 1.88

During the past years, RWE AG's highest Cyclically Adjusted PB Ratio was 2.14. The lowest was 0.72. And the median was 1.47.

CHIX:RWEd's Cyclically Adjusted PB Ratio is ranked worse than
61.82% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.535 vs CHIX:RWEd: 1.88

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.

RWE AG's adjusted book value per share data for the three months ended in Mar. 2026 was €49.447. 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 €29.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RWE AG  (CHIX:RWEd) 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.


RWE AG Cyclically Adjusted PB Ratio Related Terms


RWE AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RWE 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.

RWE AG Cyclically Adjusted PB Ratio Chart

RWE AG 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 1.79 2.06 1.82 1.13 1.59

RWE AG 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 1.26 1.32 1.37 1.59 1.93

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

For the Utilities - Diversified subindustry, RWE 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.


RWE AG Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


CHIX:RWED
62GF Score
RWE AG CHIX:RWED
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RWE 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.

RWE AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=55.21/29.68
=1.86

* 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.

RWE AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, RWE 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)
=49.447/131.2583*131.2583
=49.447

Current CPI (Mar. 2026) = 131.2583.

RWE AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.066 100.717 13.118
201609 8.187 101.017 10.638
201612 5.850 101.217 7.586
201703 7.523 101.417 9.737
201706 10.846 102.117 13.941
201709 11.660 102.717 14.900
201712 13.199 102.617 16.883
201803 14.950 102.917 19.067
201806 13.493 104.017 17.027
201809 18.001 104.718 22.563
201812 15.577 104.217 19.619
201903 12.129 104.217 15.276
201906 12.353 105.718 15.337
201909 25.336 106.018 31.368
201912 27.029 105.818 33.527
202003 27.241 105.718 33.822
202006 26.146 106.618 32.189
202009 26.407 105.818 32.756
202012 25.016 105.518 31.119
202103 28.636 107.518 34.959
202106 28.650 108.486 34.664
202109 21.940 109.435 26.315
202112 22.558 110.384 26.824
202203 14.100 113.968 16.239
202206 11.493 115.760 13.032
202209 -2.202 118.818 -2.433
202212 40.780 119.345 44.851
202303 43.137 122.402 46.258
202306 43.628 123.140 46.504
202309 45.699 124.195 48.298
202312 43.064 123.773 45.668
202403 43.219 125.038 45.369
202406 43.390 125.882 45.243
202409 44.827 126.198 46.625
202412 42.669 127.041 44.085
202503 45.253 127.779 46.485
202506 45.524 128.412 46.533
202509 47.655 129.255 48.394
202512 48.182 129.361 48.889
202603 49.447 131.258 49.447

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 1.86 mean?
RWE AG (CHIX:RWED) has a Cyclically Adjusted PB Ratio of 1.86 as of Jul. 23, 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 RWE AG and its competitors. This is 27% above median its historical median of 1.47. Over the past decade, RWE AG's Cyclically Adjusted PB Ratio has ranged from 0.72 to 2.14. According to the industry distribution chart, RWE AG ranks #272 out of 440 companies in the Utilities - Regulated industry, placing it in the top 61.8%.
Is RWE AG's Cyclically Adjusted PB Ratio too high?
RWE AG's current Cyclically Adjusted PB Ratio of 1.86 is 27% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 2.14. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.54. RWE AG's value of 1.86 is 21.2% above this industry median. Based on the distribution chart, RWE AG ranks #272 out of 440 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, RWE AG has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RWE AG's Cyclically Adjusted PB Ratio compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, RWE AG ranks #272 out of 440 companies for Cyclically Adjusted PB Ratio. This places RWE AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. RWE AG's value of 1.86 is 21.2% above this benchmark. Historically, RWE AG's own Cyclically Adjusted PB Ratio has ranged from 0.72 to 2.14 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 1.54, RWE 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. RWE AG's current Cyclically Adjusted PB Ratio of 1.86 is 21.2% 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 RWE 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. RWE AG's current Cyclically Adjusted PB Ratio is 1.86, which is 27% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RWE AG stock overvalued right now?
Based on GuruFocus' analysis, RWE AG (CHIX:RWED) is currently considered Significantly Overvalued. The stock's GF Value™ is €22.87, compared to a current price of €55.21 — trading 141.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.86, which is 27% above median its 10-year median of 1.47 and 21.2% above the Utilities - Regulated industry median of 1.54. RWE AG's overall GF Score™ is 62/100 with 10 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 RWE AG (CHIX:RWED), the current Cyclically Adjusted PB Ratio is 1.86 as of Jul. 23, 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 RWE AG (CHIX:RWED) Overvalued in 2026?

Based on GuruFocus' analysis, RWE AG stock appears to be overvalued. The current stock price of €55.21 is trading 141.4% above its estimated GF Value™ of €22.87. GuruFocus considers RWE AG to be Significantly Overvalued.

Key valuation signals for CHIX:RWED:

  • Cyclically Adjusted PB Ratio: 1.86 (27% above median its 10-year median of 1.47)
  • GF Value™: €22.87 vs. price of €55.21 (141.4% above fair value)
  • GF Score™: 62/100 with 10 warning signs
  • Industry Position: 21.2% above the Utilities - Regulated median (#272 of 440)

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


RWE AG Business Description

Address RWE Platz 1, Essen, NW, DEU, 45141
Since the deal with E.ON, RWE is refocused on power generation. It owns 49 gigawatts of power generation capacity: 17% from lignite and hard coal plants, 32% from gas plants, 51% from renewables including pumped storage and batteries. Besides Germany, RWE's power plants are chiefly located in US, the UK, the Netherlands and Turkey.
62GF Score

Get the complete analysis for CHIX:RWED

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

€55.21
Price
€22.87
GF Value