CPK (Chesapeake Utilities) Cyclically Adjusted PB Ratio: 2.61 (As of Aug. 27, 2026) — 27% Below Median

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.

CPK Chesapeake Utilities Corp CPK
82 GF Score
Price $134.18
GF Value $136.80
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Chesapeake Utilities Cyclically Adjusted PB Ratio?

Chesapeake Utilities CPK -0.61% 82 Cyclically Adjusted PB Ratio is 2.61 as of Aug. 27, 2026, which is 27% below its 10-year median of 3.57. GuruFocus rates CPK with a GF Score™ of 82/100 and a GF Value™ of $136.80 (Fairly Valued). The stock has 6 warning signs investors should review. Among 425 Utilities - Regulated companies, Chesapeake Utilities ranks worse than 80.71% on this metric.

As of today (2026-08-27), Chesapeake Utilities's current share price is $134.18. Chesapeake Utilities's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $51.50. Chesapeake Utilities's Cyclically Adjusted PB Ratio for today is 2.61.

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

CPK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.24   Med: 3.57   Max: 4.71
Current: 2.62

During the past years, Chesapeake Utilities's highest Cyclically Adjusted PB Ratio was 4.71. The lowest was 2.24. And the median was 3.57.

CPK's Cyclically Adjusted PB Ratio is ranked worse than
80.71% of 425 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs CPK: 2.62

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.

Chesapeake Utilities's adjusted book value per share data for the three months ended in Jun. 2026 was $69.421. 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 $51.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chesapeake Utilities  (NYSE:CPK) 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.


Chesapeake Utilities Cyclically Adjusted PB Ratio Related Terms


Chesapeake Utilities Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chesapeake Utilities'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.

Chesapeake Utilities Cyclically Adjusted PB Ratio Chart

Chesapeake Utilities 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 4.68 3.33 2.69 2.78 2.59

Chesapeake Utilities 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 2.59 2.84 2.59 2.52 2.38

CPK vs CTRI, NWN, MDU: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Gas subindustry, Chesapeake Utilities'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.


Chesapeake Utilities Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


CPK
82GF Score
Chesapeake Utilities Corp CPK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chesapeake Utilities 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.

Chesapeake Utilities's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=134.18/51.50
=2.61

* 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.

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

For example, Chesapeake Utilities'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)
=69.421/333.9520*333.9520
=69.421

Current CPI (Jun. 2026) = 333.9520.

Chesapeake Utilities Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.895 241.428 37.202
201612 27.362 241.432 37.847
201703 28.216 243.801 38.650
201706 28.248 244.955 38.511
201709 28.379 246.819 38.397
201712 29.754 246.524 40.306
201803 30.875 249.554 41.317
201806 31.014 251.989 41.102
201809 31.034 252.439 41.055
201812 31.653 251.233 42.075
201903 33.156 254.202 43.558
201906 33.186 256.143 43.267
201909 33.206 256.759 43.189
201912 34.234 256.974 44.489
202003 35.546 258.115 45.990
202006 36.035 257.797 46.680
202009 36.936 260.280 47.391
202012 39.920 260.474 51.181
202103 41.458 264.877 52.269
202106 42.211 271.696 51.883
202109 42.697 274.310 51.980
202112 43.848 278.802 52.522
202203 45.460 287.504 52.804
202206 45.994 296.311 51.837
202209 45.912 296.808 51.658
202212 46.942 296.797 52.819
202303 48.262 301.836 53.397
202306 48.560 305.109 53.151
202309 48.992 307.789 53.156
202312 56.313 306.746 61.308
202403 57.813 312.332 61.815
202406 58.170 314.175 61.832
202409 59.500 315.301 63.020
202412 61.011 315.605 64.558
202503 63.027 319.799 65.816
202506 64.358 322.561 66.631
202509 64.849 324.800 66.676
202512 67.257 324.054 69.311
202603 69.268 330.213 70.052
202606 69.421 333.952 69.421

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 2.61 mean?
Chesapeake Utilities (CPK) has a Cyclically Adjusted PB Ratio of 2.61 as of Aug. 27, 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 Chesapeake Utilities and its competitors. This is 27% below median its historical median of 3.57. Over the past decade, Chesapeake Utilities' Cyclically Adjusted PB Ratio has ranged from 2.24 to 4.71. According to the industry distribution chart, Chesapeake Utilities ranks #343 out of 425 companies in the Utilities - Regulated industry, placing it in the top 80.7%.
Is Chesapeake Utilities' Cyclically Adjusted PB Ratio too high?
Chesapeake Utilities' current Cyclically Adjusted PB Ratio of 2.61 is 27% below median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 2.24 to a high of 4.71. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Chesapeake Utilities' value of 2.61 is 71.7% above this industry median. Based on the distribution chart, Chesapeake Utilities ranks #343 out of 425 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Chesapeake Utilities has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chesapeake Utilities' Cyclically Adjusted PB Ratio compare to CTRI and NWN?
According to the Utilities - Regulated industry distribution chart, Chesapeake Utilities ranks #343 out of 425 companies for Cyclically Adjusted PB Ratio. This places Chesapeake Utilities in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Chesapeake Utilities' value of 2.61 is 71.7% above this benchmark. Historically, Chesapeake Utilities' own Cyclically Adjusted PB Ratio has ranged from 2.24 to 4.71 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 1.52, Chesapeake Utilities 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 425 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. Chesapeake Utilities's current Cyclically Adjusted PB Ratio of 2.61 is 71.7% 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 Chesapeake Utilities 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. Chesapeake Utilities's current Cyclically Adjusted PB Ratio is 2.61, which is 27% below median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chesapeake Utilities stock overvalued right now?
Based on GuruFocus' analysis, Chesapeake Utilities (CPK) is currently considered Fairly Valued. The stock's GF Value™ is $136.80, compared to a current price of $134.18 — trading 1.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.61, which is 27% below median its 10-year median of 3.57 and 71.7% above the Utilities - Regulated industry median of 1.52. Chesapeake Utilities' overall GF Score™ is 82/100 with 6 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 Chesapeake Utilities (CPK), the current Cyclically Adjusted PB Ratio is 2.61 as of Aug. 27, 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 Chesapeake Utilities (CPK) Overvalued in 2026?

Based on GuruFocus' analysis, Chesapeake Utilities stock appears to be undervalued. The current stock price of $134.18 is trading 1.9% below its estimated GF Value™ of $136.80. GuruFocus considers Chesapeake Utilities to be Fairly Valued.

Key valuation signals for CPK:

  • Cyclically Adjusted PB Ratio: 2.61 (27% below median its 10-year median of 3.57)
  • GF Value™: $136.80 vs. price of $134.18 (1.9% below fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 71.7% above the Utilities - Regulated median (#343 of 425)

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


Chesapeake Utilities Business Description

Other Exchanges CH5:Germany
Address 500 Energy Lane, Suite 400, Dover, DE, USA, 19901
Chesapeake Utilities Corp is an energy delivery company engaged in the distribution of natural gas, electricity, and propane; the transmission of natural gas; the generation of electricity and steam; and providing mobile compressed natural gas and other energy-related services to its customers. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland, and Florida are subject to regulation by PSC. Eastern Shore's natural gas transmission is subject to regulation by the FERC, and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.
82GF Score

Get the complete analysis for CPK

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

$134.18
Price
$136.80
GF Value