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Centrais Eletricas Brasileiras (FRA:L3XB) Cyclically Adjusted PB Ratio : 0.67 (As of May. 17, 2024)


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What is Centrais Eletricas Brasileiras Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Centrais Eletricas Brasileiras's current share price is €6.70. Centrais Eletricas Brasileiras's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.94. Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio for today is 0.67.

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

FRA:L3XB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.6   Max: 0.92
Current: 0.7

During the past years, Centrais Eletricas Brasileiras's highest Cyclically Adjusted PB Ratio was 0.92. The lowest was 0.17. And the median was 0.60.

FRA:L3XB's Cyclically Adjusted PB Ratio is ranked better than
67.05% of 261 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.23 vs FRA:L3XB: 0.70

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.

Centrais Eletricas Brasileiras's adjusted book value per share data for the three months ended in Mar. 2024 was €9.242. 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 €9.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Centrais Eletricas Brasileiras Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Centrais Eletricas Brasileiras'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.

* Premium members only.

Centrais Eletricas Brasileiras Cyclically Adjusted PB Ratio Chart

Centrais Eletricas Brasileiras Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.63 0.58 0.76 0.77

Centrais Eletricas Brasileiras Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.60 0.71 0.67 0.77 0.77

Competitive Comparison of Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, Centrais Eletricas Brasileiras'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.


Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Centrais Eletricas Brasileiras 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.

Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.70/9.94
=0.67

* 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.

Centrais Eletricas Brasileiras's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Centrais Eletricas Brasileiras's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=9.242/159.3724*159.3724
=9.242

Current CPI (Mar. 2024) = 159.3724.

Centrais Eletricas Brasileiras Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.824 91.838 25.725
201409 14.300 92.602 24.611
201412 12.103 94.194 20.478
201503 12.571 97.799 20.486
201506 11.943 100.006 19.033
201509 8.835 101.392 13.887
201512 7.331 104.247 11.208
201603 6.846 106.979 10.199
201606 9.788 108.851 14.331
201609 10.486 109.986 15.194
201612 9.234 110.802 13.282
201703 10.080 111.869 14.360
201706 9.175 112.115 13.042
201709 9.216 112.777 13.024
201712 8.025 114.068 11.212
201803 8.080 114.868 11.211
201806 7.550 117.038 10.281
201809 6.677 117.881 9.027
201812 9.230 118.340 12.430
201903 9.701 120.124 12.871
201906 10.571 120.977 13.926
201909 10.271 121.292 13.496
201912 11.461 123.436 14.798
202003 0.000 124.092 0.000
202006 8.270 123.557 10.667
202009 7.602 125.095 9.685
202012 7.483 129.012 9.244
202103 6.918 131.660 8.374
202106 7.917 133.871 9.425
202109 7.813 137.913 9.029
202112 7.593 141.992 8.522
202203 9.166 146.537 9.969
202206 9.105 149.784 9.688
202209 9.332 147.800 10.063
202212 8.642 150.207 9.169
202303 8.618 153.352 8.956
202306 9.400 154.519 9.695
202309 9.522 155.464 9.761
202312 9.360 157.148 9.492
202403 9.242 159.372 9.242

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.


Centrais Eletricas Brasileiras  (FRA:L3XB) 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.


Centrais Eletricas Brasileiras Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Centrais Eletricas Brasileiras (FRA:L3XB) Business Description

Address
Rua da Quitanda 196, 9th floor, Centro, Rio de Janeiro, RJ, BRA, 20091-005
Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the administration segment. About half of Eletrobras' electricity sales are made using free market agreements, while the other half is completed through auctions and contracts.

Centrais Eletricas Brasileiras (FRA:L3XB) Headlines

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