Endesa (FRA:ENA) Cyclically Adjusted PB Ratio: (As of Jul. 29, 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.
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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.

FRA:ENA Endesa SA FRA:ENA
63 GF Score
Price €40.69
GF Value €19.83
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Endesa Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Endesa  (FRA:ENA) 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
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 3.06 3.13 3.51 4.12 0.00

FRA:ENA 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.


FRA:ENA
63GF Score
Endesa SA FRA:ENA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Endesa'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)
=7.929/130.5100*130.5100
=7.929

Current CPI (Jun. 2026) = 130.5100.

Endesa Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.210 99.737 12.052
201612 8.455 101.842 10.835
201703 8.688 100.896 11.238
201706 8.400 101.848 10.764
201709 8.809 101.524 11.324
201712 8.591 102.975 10.888
201803 8.954 102.122 11.443
201806 8.685 104.165 10.882
201809 9.041 103.818 11.365
201812 8.536 104.193 10.692
201903 9.002 103.488 11.353
201906 8.452 104.612 10.544
201909 7.873 103.905 9.889
201912 7.261 105.015 9.024
202003 8.114 103.469 10.235
202006 7.645 104.254 9.570
202009 7.915 103.521 9.979
202012 6.910 104.456 8.634
202103 7.513 104.857 9.351
202106 6.492 107.102 7.911
202109 6.474 107.669 7.847
202112 5.082 111.298 5.959
202203 4.508 115.153 5.109
202206 3.888 118.044 4.299
202209 1.656 117.221 1.844
202212 5.249 117.650 5.823
202303 6.707 118.948 7.359
202306 5.887 120.278 6.388
202309 6.854 121.343 7.372
202312 6.629 121.300 7.132
202403 7.290 122.762 7.750
202406 7.159 124.409 7.510
202409 7.643 123.121 8.102
202412 7.661 124.753 8.015
202503 8.393 125.531 8.726
202506 7.878 127.251 8.080
202509 8.317 126.840 8.558
202512 8.204 128.400 8.339
202603 8.316 129.860 8.358
202606 7.929 130.510 7.929

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 Endesa (FRA:ENA) Overvalued in 2026?

Based on GuruFocus' analysis, Endesa stock appears to be overvalued. The current stock price of €40.69 is trading 105.2% above its estimated GF Value™ of €19.83. GuruFocus considers Endesa to be Significantly Overvalued.

Key valuation signals for FRA:ENA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €19.83 vs. price of €40.69 (105.2% above fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the FRA:ENA 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.
63GF Score

Get the complete analysis for FRA:ENA

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

€40.69
Price
€19.83
GF Value