GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Korea Electric Power Corp (NYSE:KEP) » Definitions » Cyclically Adjusted PB Ratio

Korea Electric Power (Korea Electric Power) Cyclically Adjusted PB Ratio : (As of Apr. 29, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Korea Electric Power Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Korea Electric Power Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

Korea Electric Power Cyclically Adjusted PB Ratio Chart

Korea Electric Power 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 0.28 0.27 0.21 0.20 -

Korea Electric Power Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.20 0.16 0.19 0.16 -

Competitive Comparison of Korea Electric Power's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.



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 Dec. 2023 is calculated as:

For example, Korea Electric Power's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=21.403/118.8477*118.8477
=21.403

Current CPI (Dec. 2023) = 118.8477.

Korea Electric Power Quarterly Data

Book Value per Share CPI Adj_Book
201403 38.006 99.253 45.509
201406 39.843 99.353 47.661
201409 40.566 99.608 48.401
201412 37.862 99.098 45.408
201503 38.036 99.720 45.332
201506 39.065 100.050 46.405
201509 42.817 100.110 50.831
201512 44.360 100.220 52.605
201603 43.975 100.560 51.972
201606 45.679 100.790 53.863
201609 49.896 101.460 58.447
201612 47.218 101.560 55.256
201703 48.852 102.850 56.451
201706 49.265 102.610 57.061
201709 50.301 103.490 57.766
201712 51.556 102.990 59.494
201803 51.628 104.100 58.942
201806 49.800 104.130 56.839
201809 49.123 105.650 55.259
201812 48.396 104.350 55.120
201903 47.444 104.490 53.963
201906 45.399 104.880 51.445
201909 44.764 105.200 50.571
201912 44.752 105.120 50.596
202003 43.117 105.540 48.554
202006 43.584 104.870 49.393
202009 45.490 106.200 50.908
202012 49.344 105.765 55.447
202103 47.424 107.357 52.500
202106 47.347 107.579 52.307
202109 44.709 108.759 48.856
202112 41.960 109.676 45.469
202203 37.120 111.806 39.458
202206 32.815 114.083 34.186
202209 27.132 114.831 28.081
202212 24.413 115.200 25.186
202303 21.182 116.550 21.600
202306 20.247 117.140 20.542
202309 20.311 119.111 20.266
202312 21.403 118.848 21.403

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.


Korea Electric Power  (NYSE:KEP) 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

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


Korea Electric Power (Korea Electric Power) Business Description

Traded in Other Exchanges
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. Most of the energy produced by the company comes from its nuclear and coal-fired assets. Korea Electric Power generates revenue primarily through the Transmission and distribution segment.