Societatea Energetica Electrica (LSE:ELSA) Cyclically Adjusted PB Ratio: 1.43 (As of Aug. 10, 2026) — 104% Above Median

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LSE:ELSA Societatea Energetica Electrica SA LSE:ELSA
66 GF Score
Price $15.80
GF Value $5.62
! 9 Warning Signs
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What is Societatea Energetica Electrica Cyclically Adjusted PB Ratio?

Societatea Energetica Electrica LSE:ELSA 66 Cyclically Adjusted PB Ratio is 1.43 as of Aug. 10, 2026, which is 104% above its 10-year median of 0.70. GuruFocus rates LSE:ELSA with a GF Score™ of 66/100 and a GF Value™ of $5.62. The stock has 9 warning signs investors should review. Among 434 Utilities - Regulated companies, Societatea Energetica Electrica ranks worse than 75.35% on this metric.

As of today (2026-08-10), Societatea Energetica Electrica's current share price is $15.80. Societatea Energetica Electrica's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.05. Societatea Energetica Electrica's Cyclically Adjusted PB Ratio for today is 1.43.

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

LSE:ELSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.7   Max: 2.61
Current: 2.46

During the past years, Societatea Energetica Electrica's highest Cyclically Adjusted PB Ratio was 2.61. The lowest was 0.43. And the median was 0.70.

LSE:ELSA's Cyclically Adjusted PB Ratio is ranked worse than
75.35% of 434 companies
in the Utilities - Regulated industry
Industry Median: 1.515 vs LSE:ELSA: 2.46

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.

Societatea Energetica Electrica's adjusted book value per share data for the three months ended in Mar. 2026 was $18.788. 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 $11.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Societatea Energetica Electrica  (LSE:ELSA) 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.


Societatea Energetica Electrica Cyclically Adjusted PB Ratio Related Terms


Societatea Energetica Electrica Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Societatea Energetica Electrica'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.

Societatea Energetica Electrica Cyclically Adjusted PB Ratio Chart

Societatea Energetica Electrica 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 0.00 0.45 0.60 0.68 1.34

Societatea Energetica Electrica 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 0.66 0.75 0.99 1.34 1.43

LSE:ELSA vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Societatea Energetica Electrica'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.


Societatea Energetica Electrica Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


LSE:ELSA
66GF Score
Societatea Energetica Electrica SA LSE:ELSA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Societatea Energetica Electrica 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.

Societatea Energetica Electrica's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.80/11.05
=1.43

* 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.

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

For example, Societatea Energetica Electrica'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)
=18.788/330.2130*330.2130
=18.788

Current CPI (Mar. 2026) = 330.2130.

Societatea Energetica Electrica Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.226 241.018 19.491
201609 14.771 241.428 20.203
201612 14.755 241.432 20.181
201703 14.648 243.801 19.840
201706 14.085 244.955 18.987
201709 14.269 246.819 19.090
201712 14.681 246.524 19.665
201803 14.835 249.554 19.630
201806 14.589 251.989 19.118
201809 14.862 252.439 19.441
201812 14.611 251.233 19.204
201903 14.505 254.202 18.842
201906 14.251 256.143 18.372
201909 14.367 256.759 18.477
201912 14.491 256.974 18.621
202003 14.699 258.115 18.805
202006 14.342 257.797 18.371
202009 14.878 260.280 18.875
202012 14.934 260.474 18.932
202103 15.084 264.877 18.805
202106 14.477 271.696 17.595
202109 14.466 274.310 17.414
202112 12.842 278.802 15.210
202203 12.433 287.504 14.280
202206 12.013 296.311 13.387
202209 13.853 296.808 15.412
202212 11.844 296.797 13.178
202303 13.743 301.836 15.035
202306 14.074 305.109 15.232
202309 14.879 307.789 15.963
202312 15.576 306.746 16.768
202403 14.228 312.332 15.043
202406 14.063 314.175 14.781
202409 14.554 315.301 15.242
202412 16.634 315.605 17.404
202503 15.286 319.799 15.784
202506 15.711 322.561 16.084
202509 16.797 324.800 17.077
202512 19.180 324.054 19.545
202603 18.788 330.213 18.788

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 1.43 mean?
Societatea Energetica Electrica (LSE:ELSA) has a Cyclically Adjusted PB Ratio of 1.43 as of Aug. 10, 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 Societatea Energetica Electrica and its competitors. This is 104% above median its historical median of 0.70. Over the past decade, Societatea Energetica Electrica's Cyclically Adjusted PB Ratio has ranged from 0.43 to 2.61. According to the industry distribution chart, Societatea Energetica Electrica ranks #327 out of 434 companies in the Utilities - Regulated industry, placing it in the top 75.3%.
Is Societatea Energetica Electrica's Cyclically Adjusted PB Ratio too high?
Societatea Energetica Electrica's current Cyclically Adjusted PB Ratio of 1.43 is 104% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 2.61. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Societatea Energetica Electrica's value of 1.43 is 5.6% below this industry median. Based on the distribution chart, Societatea Energetica Electrica ranks #327 out of 434 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Societatea Energetica Electrica has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Societatea Energetica Electrica's Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Societatea Energetica Electrica ranks #327 out of 434 companies for Cyclically Adjusted PB Ratio. This places Societatea Energetica Electrica in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Societatea Energetica Electrica's value of 1.43 is 5.6% below this benchmark. Historically, Societatea Energetica Electrica's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 2.61 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 1.52, Societatea Energetica Electrica has consistently been below 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 1.52, based on 434 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. Societatea Energetica Electrica's current Cyclically Adjusted PB Ratio of 1.43 is 5.6% below 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 Societatea Energetica Electrica and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societatea Energetica Electrica's current Cyclically Adjusted PB Ratio is 1.43, which is 104% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Societatea Energetica Electrica stock overvalued right now?
Societatea Energetica Electrica (LSE:ELSA) has a current Cyclically Adjusted PB Ratio of 1.43. The stock's GF Value™ is $5.62, compared to a current price of $15.80 — trading 181.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.43, which is 104% above median its 10-year median of 0.70 and 5.6% below the Utilities - Regulated industry median of 1.52. Societatea Energetica Electrica's overall GF Score™ is 66/100 with 9 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 Societatea Energetica Electrica (LSE:ELSA), the current Cyclically Adjusted PB Ratio is 1.43 as of Aug. 10, 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 Societatea Energetica Electrica (LSE:ELSA) Overvalued in 2026?

Based on GuruFocus' analysis, Societatea Energetica Electrica stock appears to be overvalued. The current stock price of $15.80 is trading 181.1% above its estimated GF Value™ of $5.62.

Key valuation signals for LSE:ELSA:

  • Cyclically Adjusted PB Ratio: 1.43 (104% above median its 10-year median of 0.70)
  • GF Value™: $5.62 vs. price of $15.80 (181.1% above fair value)
  • GF Score™: 66/100 with 9 warning signs
  • Industry Position: 5.6% below the Utilities - Regulated median (#327 of 434)

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


Societatea Energetica Electrica Business Description

Address No. 9, Grigore Alexandrescu Street, 1st District, Bucharest, ROU, 010621
Societatea Energetica Electrica SA is a Romanian company, which is engaged in operation and development of electricity distribution networks and activities related to electricity supply to final consumers. It mainly acts as an electricity distribution operator and the main electricity supplier in North Transylvania, South Transylvania, and North Muntenia. The company operates through following segments: Electricity & gas supply, which is engaged in purchasing and supplying electricity and gas to end consumers; Electricity distribution, which provides electricity distribution services; External electricity network services, which offers repairs, maintenance and other services for electricity networks owned by other distributors; Electricity generation segment; and Headquarters.
66GF Score

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

$15.80
Price
$5.62
GF Value