ELLO (Ellomay Capital) Cyclically Adjusted PB Ratio: 1.70 (As of Jul. 22, 2026) — Near Median

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ELLO Ellomay Capital Ltd ELLO
57 GF Score
Price $19.45
GF Value $12.82
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Ellomay Capital Cyclically Adjusted PB Ratio?

Ellomay Capital ELLO +4.96% 57 Cyclically Adjusted PB Ratio is 1.70 as of Jul. 22, 2026, which is 8% above its 10-year median of 1.57. GuruFocus rates ELLO with a GF Score™ of 57/100 and a GF Value™ of $12.82 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 284 Utilities - Independent Power Producers companies, Ellomay Capital ranks worse than 61.62% on this metric.

As of today (2026-07-22), Ellomay Capital's current share price is $19.45. Ellomay Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.44. Ellomay Capital's Cyclically Adjusted PB Ratio for today is 1.70.

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

ELLO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.57   Max: 3.88
Current: 1.62

During the past years, Ellomay Capital's highest Cyclically Adjusted PB Ratio was 3.88. The lowest was 0.92. And the median was 1.57.

ELLO's Cyclically Adjusted PB Ratio is ranked worse than
61.62% of 284 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.115 vs ELLO: 1.62

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.

Ellomay Capital's adjusted book value per share data for the three months ended in Mar. 2026 was $11.272. 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 $11.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ellomay Capital  (AMEX:ELLO) 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.


Ellomay Capital Cyclically Adjusted PB Ratio Related Terms


Ellomay Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ellomay Capital'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.

Ellomay Capital Cyclically Adjusted PB Ratio Chart

Ellomay Capital 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 2.72 1.39 1.37 1.48 2.16

Ellomay Capital 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 1.37 1.54 1.60 2.16 2.13

ELLO vs SAFX, STEM, NXXT: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Renewable subindustry, Ellomay Capital'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.


Ellomay Capital Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Ellomay Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ELLO
57GF Score
Ellomay Capital Ltd ELLO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ellomay Capital 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.

Ellomay Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.45/11.44
=1.70

* 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.

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

For example, Ellomay Capital'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)
=11.272/330.2130*330.2130
=11.272

Current CPI (Mar. 2026) = 330.2130.

Ellomay Capital Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.722 241.018 11.950
201609 8.665 241.428 11.852
201612 8.405 241.432 11.496
201703 8.429 243.801 11.417
201706 8.412 244.955 11.340
201709 9.055 246.819 12.114
201712 8.717 246.524 11.676
201803 8.879 249.554 11.749
201806 8.390 251.989 10.994
201809 8.553 252.439 11.188
201812 8.367 251.233 10.997
201903 8.304 254.202 10.787
201906 8.011 256.143 10.328
201909 9.520 256.759 12.243
201912 10.321 256.974 13.263
202003 11.356 258.115 14.528
202006 9.936 257.797 12.727
202009 11.575 260.280 14.685
202012 11.945 260.474 15.143
202103 11.490 264.877 14.324
202106 11.239 271.696 13.660
202109 10.797 274.310 12.997
202112 10.187 278.802 12.065
202203 7.878 287.504 9.048
202206 7.867 296.311 8.767
202209 6.366 296.808 7.082
202212 7.889 296.797 8.777
202303 9.195 301.836 10.059
202306 9.552 305.109 10.338
202309 9.822 307.789 10.538
202312 9.757 306.746 10.503
202403 9.985 312.332 10.557
202406 9.742 314.175 10.239
202409 10.228 315.301 10.712
202412 9.664 315.605 10.111
202503 10.065 319.799 10.393
202506 10.692 322.561 10.946
202509 12.199 324.800 12.402
202512 11.946 324.054 12.173
202603 11.272 330.213 11.272

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 1.70 mean?
Ellomay Capital (ELLO) has a Cyclically Adjusted PB Ratio of 1.70 as of Jul. 22, 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 Ellomay Capital and its competitors. This is near median its historical median of 1.57. Over the past decade, Ellomay Capital's Cyclically Adjusted PB Ratio has ranged from 0.92 to 3.88. According to the industry distribution chart, Ellomay Capital ranks #175 out of 284 companies in the Utilities - Independent Power Producers industry, placing it in the top 61.6%.
Is Ellomay Capital's Cyclically Adjusted PB Ratio too high?
Ellomay Capital's current Cyclically Adjusted PB Ratio of 1.70 is near median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 3.88. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.12. Ellomay Capital's value of 1.70 is 52.5% above this industry median. Based on the distribution chart, Ellomay Capital ranks #175 out of 284 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Ellomay Capital has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ellomay Capital's Cyclically Adjusted PB Ratio compare to SAFX and STEM?
According to the Utilities - Independent Power Producers industry distribution chart, Ellomay Capital ranks #175 out of 284 companies for Cyclically Adjusted PB Ratio. This places Ellomay Capital in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.12. Ellomay Capital's value of 1.70 is 52.5% above this benchmark. Historically, Ellomay Capital's own Cyclically Adjusted PB Ratio has ranged from 0.92 to 3.88 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 1.12, Ellomay Capital 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 - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.12, based on 284 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. Ellomay Capital's current Cyclically Adjusted PB Ratio of 1.70 is 52.5% 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 Ellomay Capital and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ellomay Capital's current Cyclically Adjusted PB Ratio is 1.70, which is near median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ellomay Capital stock overvalued right now?
Based on GuruFocus' analysis, Ellomay Capital (ELLO) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.82, compared to a current price of $19.45 — trading 51.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.70, which is near median its 10-year median of 1.57 and 52.5% above the Utilities - Independent Power Producers industry median of 1.12. Ellomay Capital's overall GF Score™ is 57/100 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 Ellomay Capital (ELLO), the current Cyclically Adjusted PB Ratio is 1.70 as of Jul. 22, 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 Ellomay Capital (ELLO) Overvalued in 2026?

Based on GuruFocus' analysis, Ellomay Capital stock appears to be overvalued. The current stock price of $19.45 is trading 51.7% above its estimated GF Value™ of $12.82. GuruFocus considers Ellomay Capital to be Significantly Overvalued.

Key valuation signals for ELLO:

  • Cyclically Adjusted PB Ratio: 1.70 (near median its 10-year median of 1.57)
  • GF Value™: $12.82 vs. price of $19.45 (51.7% above fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 52.5% above the Utilities - Independent Power Producers median (#175 of 284)

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


Ellomay Capital Business Description

Other Exchanges ELLO:IsraelNUR:Germany
Address 18 Rothschild Boulevard, 1st Floor, Tel Aviv, ISR, 6688121
Ellomay Capital Ltd is a renewable energy company. It develops and operates renewable energy projects in Europe, the USA, and Israel, employing diverse technologies such as solar power, natural gas, pumped hydro, and waste-to-energy solutions. Geographically, the company operates in segments: Italy; Spain; USA; Netherland and Israel. It derives maximum revenue from Spain.
57GF Score

Get the complete analysis for ELLO

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

$19.45
Price
$12.82
GF Value