Idacorp (FRA:IDJ) Cyclically Adjusted PB Ratio: 2.40 (As of Jul. 27, 2026) — 10% Above Median

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FRA:IDJ Idacorp Inc FRA:IDJ
79 GF Score
Price €128.00
GF Value €89.82
Valuation Significantly Overvalued
! 14 Warning Signs
View Full Analysis

What is Idacorp Cyclically Adjusted PB Ratio?

Idacorp FRA:IDJ +0.79% 79 Cyclically Adjusted PB Ratio is 2.40 as of Jul. 27, 2026, which is 10% above its 10-year median of 2.19. GuruFocus rates FRA:IDJ with a GF Score™ of 79/100 and a GF Value™ of €89.82 (Significantly Overvalued). The stock has 14 warning signs investors should review. Among 441 Utilities - Regulated companies, Idacorp ranks worse than 73.24% on this metric.

As of today (2026-07-27), Idacorp's current share price is €128.00. Idacorp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €53.24. Idacorp's Cyclically Adjusted PB Ratio for today is 2.40.

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

FRA:IDJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.57   Med: 2.19   Max: 2.73
Current: 2.4

During the past years, Idacorp's highest Cyclically Adjusted PB Ratio was 2.73. The lowest was 1.57. And the median was 2.19.

FRA:IDJ's Cyclically Adjusted PB Ratio is ranked worse than
73.24% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.53 vs FRA:IDJ: 2.40

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.

Idacorp's adjusted book value per share data for the three months ended in Mar. 2026 was €56.855. 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 €53.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Idacorp  (FRA:IDJ) 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.


Idacorp Cyclically Adjusted PB Ratio Related Terms


Idacorp Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Idacorp'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.

Idacorp Cyclically Adjusted PB Ratio Chart

Idacorp 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 2.33 2.04 1.77 1.88 2.09

Idacorp 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 1.97 1.93 2.19 2.09 2.31

FRA:IDJ vs TXNM, OGE, POR: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Idacorp'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.


Idacorp Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


FRA:IDJ
79GF Score
Idacorp Inc FRA:IDJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Idacorp 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=128.00/53.24
=2.40

* 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.

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

For example, Idacorp'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)
=56.855/330.2130*330.2130
=56.855

Current CPI (Mar. 2026) = 330.2130.

Idacorp Quarterly Data

Book Value per Share CPI Adj_Book
201606 36.898 241.018 50.553
201609 37.983 241.428 51.951
201612 40.516 241.432 55.415
201703 40.063 243.801 54.263
201706 38.551 244.955 51.969
201709 37.420 246.819 50.063
201712 37.752 246.524 50.568
201803 36.326 249.554 48.067
201806 38.953 251.989 51.045
201809 40.273 252.439 52.681
201812 41.346 251.233 54.344
201903 41.808 254.202 54.309
201906 42.212 256.143 54.419
201909 44.396 256.759 57.097
201912 44.013 256.974 56.557
202003 44.258 258.115 56.620
202006 43.921 257.797 56.259
202009 43.172 260.280 54.772
202012 41.701 260.474 52.866
202103 42.726 264.877 53.265
202106 42.824 271.696 52.047
202109 44.937 274.310 54.095
202112 46.749 278.802 55.370
202203 48.086 287.504 55.229
202206 50.646 296.311 56.441
202209 55.498 296.808 61.744
202212 52.412 296.797 58.313
202303 52.101 301.836 56.999
202306 52.040 305.109 56.322
202309 54.072 307.789 58.011
202312 52.677 306.746 56.707
202403 52.904 312.332 55.933
202406 55.760 314.175 58.606
202409 55.304 315.301 57.920
202412 58.950 315.605 61.679
202503 57.300 319.799 59.166
202506 54.546 322.561 55.840
202509 54.878 324.800 55.793
202512 55.604 324.054 56.661
202603 56.855 330.213 56.855

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 2.40 mean?
Idacorp (FRA:IDJ) has a Cyclically Adjusted PB Ratio of 2.40 as of Jul. 27, 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 Idacorp and its competitors. This is 10% above median its historical median of 2.19. Over the past decade, Idacorp's Cyclically Adjusted PB Ratio has ranged from 1.57 to 2.73. According to the industry distribution chart, Idacorp ranks #323 out of 441 companies in the Utilities - Regulated industry, placing it in the top 73.2%.
Is Idacorp's Cyclically Adjusted PB Ratio too high?
Idacorp's current Cyclically Adjusted PB Ratio of 2.40 is 10% above median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 2.73. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Idacorp's value of 2.40 is 56.9% above this industry median. Based on the distribution chart, Idacorp ranks #323 out of 441 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Idacorp has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Idacorp's Cyclically Adjusted PB Ratio compare to TXNM and OGE?
According to the Utilities - Regulated industry distribution chart, Idacorp ranks #323 out of 441 companies for Cyclically Adjusted PB Ratio. This places Idacorp in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Idacorp's value of 2.40 is 56.9% above this benchmark. Historically, Idacorp's own Cyclically Adjusted PB Ratio has ranged from 1.57 to 2.73 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 1.53, Idacorp 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 441 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. Idacorp's current Cyclically Adjusted PB Ratio of 2.40 is 56.9% 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 Idacorp 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. Idacorp's current Cyclically Adjusted PB Ratio is 2.40, which is 10% above median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Idacorp stock overvalued right now?
Based on GuruFocus' analysis, Idacorp (FRA:IDJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €89.82, compared to a current price of €128.00 — trading 42.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.40, which is 10% above median its 10-year median of 2.19 and 56.9% above the Utilities - Regulated industry median of 1.53. Idacorp's overall GF Score™ is 79/100 with 14 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 Idacorp (FRA:IDJ), the current Cyclically Adjusted PB Ratio is 2.40 as of Jul. 27, 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 Idacorp (FRA:IDJ) Overvalued in 2026?

Based on GuruFocus' analysis, Idacorp stock appears to be overvalued. The current stock price of €128.00 is trading 42.5% above its estimated GF Value™ of €89.82. GuruFocus considers Idacorp to be Significantly Overvalued.

Key valuation signals for FRA:IDJ:

  • Cyclically Adjusted PB Ratio: 2.40 (10% above median its 10-year median of 2.19)
  • GF Value™: €89.82 vs. price of €128.00 (42.5% above fair value)
  • GF Score™: 79/100 with 14 warning signs
  • Industry Position: 56.9% above the Utilities - Regulated median (#323 of 441)

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


Idacorp Business Description

Other Exchanges IDA:USAIDJ:Germany
Address 1221 West Idaho Street, Boise, ID, USA, 83702-5627
Idacorp is a holding company for Idaho Power. Idacorp is a vertically integrated utility that generates, transmits, and distributes electricity to 670,000 customers in southern Idaho and eastern Oregon. The utility owns 1.8 gigawatts of hydro generation, 400 MW of coal generation, 1.4 GW of natural gas generation, and 300 MW of energy storage.
79GF Score

Get the complete analysis for FRA:IDJ

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

€128.00
Price
€89.82
GF Value