Iberdrola (MEX:IBE N) Cyclically Adjusted PB Ratio: 2.57 (As of Jul. 25, 2026) — 63% Above Median

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MEX:IBE N Iberdrola SA MEX:IBE N
59 GF Score
Price MXN409.64
GF Value MXN202.60
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Iberdrola Cyclically Adjusted PB Ratio?

Iberdrola MEX:IBE N 59 Cyclically Adjusted PB Ratio is 2.57 as of Jul. 25, 2026, which is 63% above its 10-year median of 1.58. GuruFocus rates MEX:IBE N with a GF Score™ of 59/100 and a GF Value™ of MXN202.60 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 441 Utilities - Regulated companies, Iberdrola ranks worse than 79.59% on this metric.

As of today (2026-07-25), Iberdrola's current share price is MXN409.64. Iberdrola's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN159.55. Iberdrola's Cyclically Adjusted PB Ratio for today is 2.57.

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

MEX:IBE N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.58   Max: 2.72
Current: 2.64

During the past years, Iberdrola's highest Cyclically Adjusted PB Ratio was 2.72. The lowest was 1.01. And the median was 1.58.

MEX:IBE N's Cyclically Adjusted PB Ratio is ranked worse than
79.59% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.55 vs MEX:IBE N: 2.64

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.

Iberdrola's adjusted book value per share data for the three months ended in Jun. 2026 was MXN180.694. 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 MXN159.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iberdrola  (MEX:IBE N) 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.


Iberdrola Cyclically Adjusted PB Ratio Related Terms


Iberdrola Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Iberdrola'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.

Iberdrola Cyclically Adjusted PB Ratio Chart

Iberdrola 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 1.62 1.58 1.64 1.75 2.35

Iberdrola 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 2.10 2.07 2.35 2.48 2.71

MEX:IBE N vs SRE, AES: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, Iberdrola'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.


Iberdrola Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


MEX:IBE N
59GF Score
Iberdrola SA MEX:IBE N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iberdrola 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.

Iberdrola's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=409.64/159.55
=2.57

* 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.

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

For example, Iberdrola'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)
=180.694/130.5100*130.5100
=180.694

Current CPI (Jun. 2026) = 130.5100.

Iberdrola Quarterly Data

Book Value per Share CPI Adj_Book
201609 124.888 99.737 163.422
201612 130.433 101.842 167.149
201703 119.642 100.896 154.758
201706 119.829 101.848 153.551
201709 127.267 101.524 163.603
201712 138.029 102.975 174.937
201803 132.937 102.122 169.892
201806 140.246 104.165 175.717
201809 126.536 103.818 159.069
201812 130.936 104.193 164.007
201903 140.076 103.488 176.652
201906 128.046 104.612 159.746
201909 135.768 103.905 170.532
201912 127.526 105.015 158.487
202003 166.166 103.469 209.593
202006 154.508 104.254 193.420
202009 152.009 103.521 191.640
202012 139.240 104.456 173.970
202103 143.894 104.857 179.097
202106 142.939 107.102 174.179
202109 175.020 107.669 212.149
202112 150.168 111.298 176.090
202203 176.785 115.153 200.362
202206 151.325 118.044 167.305
202209 175.169 117.221 195.027
202212 137.360 117.650 152.374
202303 157.185 118.948 172.464
202306 151.548 120.278 164.440
202309 154.815 121.343 166.511
202312 128.311 121.300 138.054
202403 152.887 122.762 162.536
202406 173.583 124.409 182.096
202409 183.451 123.121 194.461
202412 164.035 124.753 171.604
202503 164.358 125.531 170.878
202506 187.517 127.251 192.320
202509 186.423 126.840 191.817
202512 160.004 128.400 162.633
202603 186.713 129.860 187.648
202606 180.694 130.510 180.694

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 2.57 mean?
Iberdrola (MEX:IBE N) has a Cyclically Adjusted PB Ratio of 2.57 as of Jul. 25, 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 Iberdrola and its competitors. This is 63% above median its historical median of 1.58. Over the past decade, Iberdrola's Cyclically Adjusted PB Ratio has ranged from 1.01 to 2.72. According to the industry distribution chart, Iberdrola ranks #351 out of 441 companies in the Utilities - Regulated industry, placing it in the top 79.6%.
Is Iberdrola's Cyclically Adjusted PB Ratio too high?
Iberdrola's current Cyclically Adjusted PB Ratio of 2.57 is 63% above median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 2.72. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.55. Iberdrola's value of 2.57 is 65.8% above this industry median. Based on the distribution chart, Iberdrola ranks #351 out of 441 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Iberdrola has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iberdrola's Cyclically Adjusted PB Ratio compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Iberdrola ranks #351 out of 441 companies for Cyclically Adjusted PB Ratio. This places Iberdrola in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Iberdrola's value of 2.57 is 65.8% above this benchmark. Historically, Iberdrola's own Cyclically Adjusted PB Ratio has ranged from 1.01 to 2.72 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 1.55, Iberdrola has consistently been above 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 1.55, based on 441 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. Iberdrola's current Cyclically Adjusted PB Ratio of 2.57 is 65.8% above 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 Iberdrola and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iberdrola's current Cyclically Adjusted PB Ratio is 2.57, which is 63% above median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iberdrola stock overvalued right now?
Based on GuruFocus' analysis, Iberdrola (MEX:IBE N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN202.60, compared to a current price of MXN409.64 — trading 102.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.57, which is 63% above median its 10-year median of 1.58 and 65.8% above the Utilities - Regulated industry median of 1.55. Iberdrola's overall GF Score™ is 59/100 with 7 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 Iberdrola (MEX:IBE N), the current Cyclically Adjusted PB Ratio is 2.57 as of Jul. 25, 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 Iberdrola (MEX:IBE N) Overvalued in 2026?

Based on GuruFocus' analysis, Iberdrola stock appears to be overvalued. The current stock price of MXN409.64 is trading 102.2% above its estimated GF Value™ of MXN202.60. GuruFocus considers Iberdrola to be Significantly Overvalued.

Key valuation signals for MEX:IBE N:

  • Cyclically Adjusted PB Ratio: 2.57 (63% above median its 10-year median of 1.58)
  • GF Value™: MXN202.60 vs. price of MXN409.64 (102.2% above fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 65.8% above the Utilities - Regulated median (#351 of 441)

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


Iberdrola Business Description

Address Plaza Euskadi Number 5, Biscay, Bilbao, ESP, 48009
Iberdrola is one of the largest utilities in the world with electric utility operations in nearly 40 countries. The company has a 58-gigawatt portfolio of hydro, wind, natural gas, and nuclear power plants. It is one of the largest owners of wind farms in the world, representing about 40% of its portfolio. Although the company has recently developed or acquired distribution and power generation assets in other geographic areas, Spain is still home to more than half of its power generation capacity. Iberdrola also owns and operates electricity distribution and transmission networks in Spain, the UK, Brazil, and the US.
59GF Score

Get the complete analysis for MEX:IBE N

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

MXN409.64
Price
MXN202.60
GF Value