EVRG (Evergy) Cyclically Adjusted PB Ratio: (As of Aug. 06, 2026)

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.

EVRG Evergy Inc EVRG
84 GF Score
Price $83.04
GF Value $65.24
Valuation Modestly Overvalued
! 14 Warning Signs
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What is Evergy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Evergy  (NAS:EVRG) 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.


Evergy Cyclically Adjusted PB Ratio Related Terms


Evergy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Evergy'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.

Evergy Cyclically Adjusted PB Ratio Chart

Evergy 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 2.02 1.68 1.31 1.47 1.65

Evergy 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 1.59 1.73 1.65 1.82 0.00

EVRG vs LNT, CMS, PPL: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Evergy'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.


Evergy Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


EVRG
84GF Score
Evergy Inc EVRG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Evergy 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.

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

For example, Evergy'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)
=43.226/333.9520*333.9520
=43.226

Current CPI (Jun. 2026) = 333.9520.

Evergy Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.816 241.428 37.093
201612 26.841 241.432 37.127
201703 26.792 243.801 36.699
201706 26.923 244.955 36.705
201709 27.651 246.819 37.412
201712 27.504 246.524 37.258
201803 27.488 249.554 36.784
201806 40.260 251.989 53.355
201809 40.366 252.439 53.400
201812 39.276 251.233 52.208
201903 38.486 254.202 50.560
201906 37.726 256.143 49.186
201909 37.820 256.759 49.190
201912 37.821 256.974 49.150
202003 37.617 258.115 48.669
202006 37.685 257.797 48.817
202009 38.804 260.280 49.787
202012 38.501 260.474 49.362
202103 38.795 264.877 48.912
202106 39.190 271.696 48.170
202109 40.636 274.310 49.471
202112 40.316 278.802 48.291
202203 40.253 287.504 46.756
202206 40.552 296.311 45.703
202209 41.863 296.808 47.102
202212 41.315 296.797 46.487
202303 41.315 301.836 45.711
202306 41.510 305.109 45.434
202309 42.439 307.789 46.046
202312 42.063 306.746 45.794
202403 41.923 312.332 44.825
202406 42.198 314.175 44.854
202409 43.593 315.301 46.172
202412 43.286 315.605 45.802
202503 43.161 319.799 45.071
202506 43.271 322.561 44.799
202509 44.696 324.800 45.955
202512 44.390 324.054 45.746
202603 44.061 330.213 44.560
202606 43.226 333.952 43.226

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.

Is Evergy (EVRG) Overvalued in 2026?

Based on GuruFocus' analysis, Evergy stock appears to be overvalued. The current stock price of $83.04 is trading 27.3% above its estimated GF Value™ of $65.24. GuruFocus considers Evergy to be Modestly Overvalued.

Key valuation signals for EVRG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $65.24 vs. price of $83.04 (27.3% above fair value)
  • GF Score™: 84/100 with 14 warning signs

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


Evergy Business Description

Other Exchanges 1EVRG:Italy3E7:Germany
Address 1200 Main Street, Kansas City, MO, USA, 64105
Evergy is a regulated electric utility serving eastern Kansas and western Missouri. Major operating subsidiaries include Evergy Metro, Evergy Kansas Central, Evergy Missouri West, and Evergy Transmission. The utility has a combined rate base of more than $20 billion, about half in Kansas and the rest split between Missouri and interstate transmission. Evergy is one of the largest wind energy suppliers in the US.
84GF Score

Get the complete analysis for EVRG

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

$83.04
Price
$65.24
GF Value