Korea Electric Power (FRA:KOP) Cyclically Adjusted PB Ratio: (As of Aug. 14, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:KOP Korea Electric Power Corp FRA:KOP
76 GF Score
Price €9.85
GF Value €6.93
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Korea Electric Power Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Korea Electric Power  (FRA:KOP) 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.


Korea Electric Power Cyclically Adjusted PB Ratio Related Terms


Korea Electric Power Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Korea Electric Power'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.

Korea Electric Power Cyclically Adjusted PB Ratio Chart

Korea Electric Power 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 0.21 0.20 0.17 0.19 0.45

Korea Electric Power 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 0.37 0.34 0.45 0.40 0.00

FRA:KOP vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Korea Electric Power'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.


Korea Electric Power Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


FRA:KOP
76GF Score
Korea Electric Power Corp FRA:KOP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Korea Electric Power 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.

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

For example, Korea Electric Power'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)
=0/126.4904*126.4904
=0.000

Current CPI (Jun. 2026) = 126.4904.

Korea Electric Power Quarterly Data

Book Value per Share CPI Adj_Book
201609 44.458 101.461 55.425
201612 44.763 101.561 55.750
201703 45.676 102.851 56.174
201706 43.846 102.611 54.050
201709 42.202 103.491 51.581
201712 43.565 102.991 53.505
201803 41.870 104.101 50.875
201806 42.629 104.130 51.783
201809 42.098 105.651 50.402
201812 42.540 104.351 51.566
201903 41.988 104.491 50.828
201906 40.178 104.881 48.456
201909 40.646 105.200 48.872
201912 40.277 105.121 48.465
202003 39.021 105.354 46.849
202006 38.703 105.112 46.575
202009 38.621 106.198 46.001
202012 40.561 105.765 48.509
202103 39.837 107.357 46.937
202106 39.298 107.579 46.206
202109 38.002 108.759 44.198
202112 37.135 109.676 42.828
202203 33.705 111.848 38.117
202206 31.043 114.072 34.422
202209 27.404 114.715 30.217
202212 23.045 115.179 25.308
202303 19.784 116.507 21.479
202306 18.688 117.182 20.172
202309 19.032 118.964 20.236
202312 19.627 118.837 20.891
202403 19.749 120.123 20.796
202406 19.318 120.007 20.362
202409 20.165 120.861 21.104
202412 20.618 121.135 21.529
202503 20.727 122.590 21.386
202506 21.041 122.611 21.707
202509 22.178 123.402 22.733
202512 21.865 123.939 22.315
202603 22.718 125.236 22.946
202606 0.000 126.490 0.000

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 Korea Electric Power (FRA:KOP) Overvalued in 2026?

Based on GuruFocus' analysis, Korea Electric Power stock appears to be overvalued. The current stock price of €9.85 is trading 42.1% above its estimated GF Value™ of €6.93. GuruFocus considers Korea Electric Power to be Significantly Overvalued.

Key valuation signals for FRA:KOP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €6.93 vs. price of €9.85 (42.1% above fair value)
  • GF Score™: 76/100 with 2 warning signs

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


Korea Electric Power Business Description

Address 55 Jeollyeok-ro, Jeollanam-do, Naju-si, KOR, 58322
Korea Electric Power Corp is an electric utility company in which the government of South Korea holds a controlling stake. The firm operates in the following segments: Transmission and distribution, Electric power generation (Nuclear), Electric power generation (Non-Nuclear), Plant maintenance & engineering service, and Others. The majority of the energy produced by the company comes from its nuclear and coal-fired assets. Korea Electric Power generates revenue through the Transmission and distribution segment. Geographically, it derives maximum revenue from Domestic operations.
76GF Score

Get the complete analysis for FRA:KOP

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

€9.85
Price
€6.93
GF Value