ELEZF (Endesa) Cyclically Adjusted PB Ratio: 4.72 (As of Jul. 18, 2026) — 183% Above Median

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ELEZF Endesa SA ELEZF
49 GF Score
Price $45.74
GF Value $21.59
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Endesa Cyclically Adjusted PB Ratio?

Endesa ELEZF 49 Cyclically Adjusted PB Ratio is 4.72 as of Jul. 18, 2026, which is 183% above its 10-year median of 1.67. GuruFocus rates ELEZF with a GF Score™ of 49/100 and a GF Value™ of $21.59 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 440 Utilities - Regulated companies, Endesa ranks worse than 93.86% on this metric.

As of today (2026-07-18), Endesa's current share price is $45.74. Endesa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $9.70. Endesa's Cyclically Adjusted PB Ratio for today is 4.72.

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

ELEZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 1.67   Max: 4.6
Current: 4.6

During the past years, Endesa's highest Cyclically Adjusted PB Ratio was 4.60. The lowest was 1.15. And the median was 1.67.

ELEZF's Cyclically Adjusted PB Ratio is ranked worse than
93.86% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.525 vs ELEZF: 4.60

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.

Endesa's adjusted book value per share data for the three months ended in Mar. 2026 was $9.614. 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 $9.70 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Endesa  (OTCPK:ELEZF) 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.


Endesa Cyclically Adjusted PB Ratio Related Terms


Endesa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Endesa'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.

Endesa Cyclically Adjusted PB Ratio Chart

Endesa 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 1.58 1.56 1.88 2.37 3.51

Endesa 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 2.80 3.06 3.13 3.51 4.12

ELEZF vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Endesa'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.


Endesa Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


ELEZF
49GF Score
Endesa SA ELEZF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Endesa 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.

Endesa's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.74/9.70
=4.72

* 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.

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

For example, Endesa'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)
=9.614/129.8600*129.8600
=9.614

Current CPI (Mar. 2026) = 129.8600.

Endesa Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.776 100.333 12.653
201609 10.337 99.737 13.459
201612 8.919 101.842 11.373
201703 9.292 100.896 11.959
201706 9.439 101.848 12.035
201709 10.500 101.524 13.431
201712 10.167 102.975 12.821
201803 11.041 102.122 14.040
201806 10.146 104.165 12.649
201809 10.549 103.818 13.195
201812 9.710 104.193 12.102
201903 10.172 103.488 12.764
201906 9.551 104.612 11.856
201909 8.671 103.905 10.837
201912 8.068 105.015 9.977
202003 8.966 103.469 11.253
202006 8.609 104.254 10.723
202009 9.323 103.521 11.695
202012 8.406 104.456 10.450
202103 8.944 104.857 11.077
202106 7.822 107.102 9.484
202109 7.617 107.669 9.187
202112 5.743 111.298 6.701
202203 4.965 115.153 5.599
202206 4.110 118.044 4.521
202209 1.640 117.221 1.817
202212 5.561 117.650 6.138
202303 7.181 118.948 7.840
202306 6.378 120.278 6.886
202309 7.315 121.343 7.828
202312 7.229 121.300 7.739
202403 7.924 122.762 8.382
202406 7.706 124.409 8.044
202409 8.483 123.121 8.947
202412 8.022 124.753 8.350
202503 9.073 125.531 9.386
202506 9.087 127.251 9.273
202509 9.762 126.840 9.994
202512 9.606 128.400 9.715
202603 9.614 129.860 9.614

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 4.72 mean?
Endesa (ELEZF) has a Cyclically Adjusted PB Ratio of 4.72 as of Jul. 18, 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 Endesa and its competitors. This is 183% above median its historical median of 1.67. Over the past decade, Endesa's Cyclically Adjusted PB Ratio has ranged from 1.15 to 4.60. According to the industry distribution chart, Endesa ranks #413 out of 440 companies in the Utilities - Regulated industry, placing it in the top 93.9%.
Is Endesa's Cyclically Adjusted PB Ratio too high?
Endesa's current Cyclically Adjusted PB Ratio of 4.72 is 183% above median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 4.60. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Endesa's value of 4.72 is 209.5% above this industry median. Based on the distribution chart, Endesa ranks #413 out of 440 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Endesa has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Endesa's Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Endesa ranks #413 out of 440 companies for Cyclically Adjusted PB Ratio. This places Endesa in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Endesa's value of 4.72 is 209.5% above this benchmark. Historically, Endesa's own Cyclically Adjusted PB Ratio has ranged from 1.15 to 4.60 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 1.53, Endesa 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 1.53, 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. Endesa's current Cyclically Adjusted PB Ratio of 4.72 is 209.5% 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 Endesa and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Endesa's current Cyclically Adjusted PB Ratio is 4.72, which is 183% above median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Endesa stock overvalued right now?
Based on GuruFocus' analysis, Endesa (ELEZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.59, compared to a current price of $45.74 — trading 111.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.72, which is 183% above median its 10-year median of 1.67 and 209.5% above the Utilities - Regulated industry median of 1.53. Endesa's overall GF Score™ is 49/100 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 Endesa (ELEZF), the current Cyclically Adjusted PB Ratio is 4.72 as of Jul. 18, 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 Endesa (ELEZF) Overvalued in 2026?

Based on GuruFocus' analysis, Endesa stock appears to be overvalued. The current stock price of $45.74 is trading 111.9% above its estimated GF Value™ of $21.59. GuruFocus considers Endesa to be Significantly Overvalued.

Key valuation signals for ELEZF:

  • Cyclically Adjusted PB Ratio: 4.72 (183% above median its 10-year median of 1.67)
  • GF Value™: $21.59 vs. price of $45.74 (111.9% above fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 209.5% above the Utilities - Regulated median (#413 of 440)

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


Endesa Business Description

Address Calle Ribera del Loira, 60, Madrid, ESP, 28042
Endesa generates, distributes, and supplies electricity in Spain and Portugal. The company has 21.5 gigawatts of installed generation capacity split among hydroelectric, nuclear, natural gas, oil, solar, and wind. Endesa also supplies gas to retail and business customers in Spain and France.
49GF Score

Get the complete analysis for ELEZF

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

$45.74
Price
$21.59
GF Value