RWE AG (LTS:0HA0) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

LTS:0HA0 RWE AG LTS:0HA0
59 GF Score
Price €60.38
GF Value €22.95
Valuation Significantly Overvalued
! 10 Warning Signs
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What is RWE AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


RWE AG  (LTS:0HA0) 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.


RWE AG Cyclically Adjusted PB Ratio Related Terms


RWE AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RWE AG'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.

RWE AG Cyclically Adjusted PB Ratio Chart

RWE AG 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 1.65 1.71 1.48 0.91 1.26

RWE AG 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 1.16 1.20 1.39 1.70 1.61

LTS:0HA0 vs SRE, AES: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, RWE AG'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.


RWE AG Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


LTS:0HA0
59GF Score
RWE AG LTS:0HA0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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RWE AG 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.

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

For example, RWE AG'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)
=61.034/131.3638*131.3638
=61.034

Current CPI (Jun. 2026) = 131.3638.

RWE AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.983 101.017 12.982
201612 11.465 101.217 14.880
201703 13.510 101.417 17.499
201706 16.135 102.117 20.756
201709 16.864 102.717 21.567
201712 17.977 102.617 23.013
201803 21.030 102.917 26.843
201806 18.805 104.017 23.749
201809 23.722 104.718 29.758
201812 21.663 104.217 27.306
201903 20.408 104.217 25.724
201906 19.756 105.718 24.549
201909 26.079 106.018 32.314
201912 28.413 105.818 35.272
202003 28.062 105.718 34.870
202006 26.875 106.618 33.113
202009 26.744 105.818 33.200
202012 26.184 105.518 32.598
202103 29.876 107.518 36.502
202106 31.367 108.486 37.982
202109 24.634 109.435 29.570
202112 25.134 110.384 29.911
202203 16.708 113.968 19.258
202206 14.004 115.760 15.892
202209 0.300 118.818 0.332
202212 43.298 119.345 47.658
202303 45.375 122.402 48.697
202306 45.866 123.140 48.929
202309 47.846 124.195 50.608
202312 45.176 123.773 47.947
202403 45.814 125.038 48.132
202406 46.025 125.882 48.029
202409 47.252 126.198 49.186
202412 45.202 127.041 46.740
202503 48.056 127.779 49.404
202506 50.354 128.412 51.512
202509 51.880 129.255 52.726
202512 58.248 129.361 59.150
202603 60.010 131.258 60.058
202606 61.034 131.364 61.034

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 RWE AG (LTS:0HA0) Overvalued in 2026?

Based on GuruFocus' analysis, RWE AG stock appears to be overvalued. The current stock price of €60.38 is trading 163.1% above its estimated GF Value™ of €22.95. GuruFocus considers RWE AG to be Significantly Overvalued.

Key valuation signals for LTS:0HA0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €22.95 vs. price of €60.38 (163.1% above fair value)
  • GF Score™: 59/100 with 10 warning signs

No single metric tells the full story. See the LTS:0HA0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RWE AG Business Description

Address RWE Platz 1, Essen, NW, DEU, 45141
Since the deal with E.ON, RWE is refocused on power generation. It owns 49 gigawatts of power generation capacity: 17% from lignite and hard coal plants, 32% from gas plants, 51% from renewables including pumped storage and batteries. Besides Germany, RWE's power plants are chiefly located in US, the UK, the Netherlands and Turkey.
59GF Score

Get the complete analysis for LTS:0HA0

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

€60.38
Price
€22.95
GF Value