ENGGY (Enagas) Cyclically Adjusted PB Ratio: 1.30 (As of Aug. 02, 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.

ENGGY Enagas SA ENGGY
56 GF Score
Price $9.70
GF Value $7.91
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Enagas Cyclically Adjusted PB Ratio?

Enagas ENGGY 56 Cyclically Adjusted PB Ratio is 1.30 as of Aug. 02, 2026, which is 27% below its 10-year median of 1.79. GuruFocus rates ENGGY with a GF Score™ of 56/100 and a GF Value™ of $7.91 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 438 Utilities - Regulated companies, Enagas ranks better than 54.79% on this metric.

As of today (2026-08-02), Enagas's current share price is $9.70. Enagas's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $7.47. Enagas's Cyclically Adjusted PB Ratio for today is 1.30.

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

ENGGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.79   Max: 2.93
Current: 1.39

During the past years, Enagas's highest Cyclically Adjusted PB Ratio was 2.93. The lowest was 0.92. And the median was 1.79.

ENGGY's Cyclically Adjusted PB Ratio is ranked better than
54.79% of 438 companies
in the Utilities - Regulated industry
Industry Median: 1.515 vs ENGGY: 1.39

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.

Enagas's adjusted book value per share data for the three months ended in Jun. 2026 was $5.103. 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 $7.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Enagas  (OTCPK:ENGGY) 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.


Enagas Cyclically Adjusted PB Ratio Related Terms


Enagas Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Enagas'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.

Enagas Cyclically Adjusted PB Ratio Chart

Enagas 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 1.84 1.30 1.23 0.93 1.04

Enagas 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 1.12 1.06 1.04 1.35 1.34

ENGGY vs ATO, NI, UGI: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Gas subindustry, Enagas'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.


Enagas Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


ENGGY
56GF Score
Enagas SA ENGGY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enagas 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.70/7.47
=1.30

* 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.

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

For example, Enagas'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)
=5.103/131.3300*131.3300
=5.103

Current CPI (Jun. 2026) = 131.3300.

Enagas Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.858 99.737 7.714
201612 5.416 101.842 6.984
201703 5.337 100.896 6.947
201706 5.826 101.848 7.512
201709 6.460 101.524 8.357
201712 6.384 102.975 8.142
201803 6.389 102.122 8.216
201806 6.387 104.165 8.053
201809 6.631 103.818 8.388
201812 6.359 104.193 8.015
201903 5.983 103.488 7.593
201906 6.159 104.612 7.732
201909 5.732 103.905 7.245
201912 6.699 105.015 8.378
202003 6.849 103.469 8.693
202006 6.612 104.254 8.329
202009 7.023 103.521 8.910
202012 6.955 104.456 8.744
202103 7.180 104.857 8.993
202106 6.907 107.102 8.469
202109 7.044 107.669 8.592
202112 6.666 111.298 7.866
202203 6.199 115.153 7.070
202206 6.145 118.044 6.837
202209 6.626 117.221 7.424
202212 6.494 117.650 7.249
202303 6.001 118.948 6.626
202306 6.307 120.278 6.887
202309 6.536 121.343 7.074
202312 6.227 121.300 6.742
202403 5.857 122.762 6.266
202406 5.224 124.409 5.515
202409 5.412 123.121 5.773
202412 4.763 124.753 5.014
202503 4.633 125.531 4.847
202506 4.973 127.251 5.132
202509 5.234 126.840 5.419
202512 5.182 128.400 5.300
202603 4.943 129.860 4.999
202606 5.103 131.330 5.103

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 1.30 mean?
Enagas (ENGGY) has a Cyclically Adjusted PB Ratio of 1.30 as of Aug. 02, 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 Enagas and its competitors. This is 27% below median its historical median of 1.79. Over the past decade, Enagas' Cyclically Adjusted PB Ratio has ranged from 0.92 to 2.93. According to the industry distribution chart, Enagas ranks #198 out of 438 companies in the Utilities - Regulated industry, placing it in the top 45.2%.
Is Enagas' Cyclically Adjusted PB Ratio too high?
Enagas' current Cyclically Adjusted PB Ratio of 1.30 is 27% below median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.93. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Enagas' value of 1.30 is 14.2% below this industry median. Based on the distribution chart, Enagas ranks #198 out of 438 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Enagas has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enagas' Cyclically Adjusted PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Enagas ranks #198 out of 438 companies for Cyclically Adjusted PB Ratio. This puts Enagas in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Enagas' value of 1.30 is 14.2% below this benchmark. Historically, Enagas' own Cyclically Adjusted PB Ratio has ranged from 0.92 to 2.93 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 1.52, Enagas has consistently been below 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 438 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. Enagas's current Cyclically Adjusted PB Ratio of 1.30 is 14.2% below 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 Enagas 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. Enagas's current Cyclically Adjusted PB Ratio is 1.30, which is 27% below median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enagas stock overvalued right now?
Based on GuruFocus' analysis, Enagas (ENGGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.91, compared to a current price of $9.70 — trading 22.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.30, which is 27% below median its 10-year median of 1.79 and 14.2% below the Utilities - Regulated industry median of 1.52. Enagas' overall GF Score™ is 56/100 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 Enagas (ENGGY), the current Cyclically Adjusted PB Ratio is 1.30 as of Aug. 02, 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 Enagas (ENGGY) Overvalued in 2026?

Based on GuruFocus' analysis, Enagas stock appears to be overvalued. The current stock price of $9.70 is trading 22.6% above its estimated GF Value™ of $7.91. GuruFocus considers Enagas to be Modestly Overvalued.

Key valuation signals for ENGGY:

  • Cyclically Adjusted PB Ratio: 1.30 (27% below median its 10-year median of 1.79)
  • GF Value™: $7.91 vs. price of $9.70 (22.6% above fair value)
  • GF Score™: 56/100 with 10 warning signs
  • Industry Position: 14.2% below the Utilities - Regulated median (#198 of 438)

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


Enagas Business Description

Address Paseo De Los Olmos, 19, Madrid, ESP, 28005
Enagas SA is a Spanish utility company involved in the transport, storage, and regasification of natural gas. Its segment include operations into Regulated, Gas international, New businesses, Hydrogen, and Other areas. Geographically, the company operates in Europe, South America, and North America.
56GF Score

Get the complete analysis for ENGGY

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

$9.70
Price
$7.91
GF Value