PG&E (MEX:PCG) Cyclically Adjusted PB Ratio: 0.70 (As of Jul. 12, 2026) — 19% Above Median


MEX:PCG PG&E Corp MEX:PCG
58 GF Score
Price MXN301.00
GF Value MXN320.91
Valuation Fairly Valued
! 9 Warning Signs
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What is PG&E Cyclically Adjusted PB Ratio?

PG&E MEX:PCG 58 Cyclically Adjusted PB Ratio is 0.70 as of Jul. 12, 2026, which is 19% above its 10-year median of 0.59. GuruFocus rates MEX:PCG with a GF Score™ of 58/100 and a GF Value™ of MXN320.91 (Fairly Valued). The stock has 9 warning signs investors should review. Among 440 Utilities - Regulated companies, PG&E ranks better than 76.36% on this metric.

As of today (2026-07-12), PG&E's current share price is MXN301.00. PG&E's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN427.97. PG&E's Cyclically Adjusted PB Ratio for today is 0.70.

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

MEX:PCG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.59   Max: 2.19
Current: 0.74

During the past years, PG&E's highest Cyclically Adjusted PB Ratio was 2.19. The lowest was 0.15. And the median was 0.59.

MEX:PCG's Cyclically Adjusted PB Ratio is ranked better than
76.36% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs MEX:PCG: 0.74

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.

PG&E's adjusted book value per share data for the three months ended in Mar. 2026 was MXN259.335. 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 MXN427.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PG&E  (MEX:PCG) 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.


PG&E Cyclically Adjusted PB Ratio Related Terms


PG&E Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PG&E'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.

PG&E Cyclically Adjusted PB Ratio Chart

PG&E 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 0.39 0.54 0.64 0.77 0.68

PG&E 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 0.67 0.55 0.62 0.68 0.75

MEX:PCG vs WEC, ED, PEG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, PG&E'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.


PG&E Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


MEX:PCG
58GF Score
PG&E Corp MEX:PCG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PG&E 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.

PG&E's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=301.00/427.97
=0.70

* 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.

PG&E's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PG&E'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)
=259.335/330.2130*330.2130
=259.335

Current CPI (Mar. 2026) = 330.2130.

PG&E Quarterly Data

Book Value per Share CPI Adj_Book
201606 621.693 241.018 851.767
201609 664.210 241.428 908.473
201612 729.680 241.432 998.003
201703 676.776 243.801 916.650
201706 657.760 244.955 886.697
201709 672.338 246.819 899.504
201712 733.301 246.524 982.239
201803 694.694 249.554 919.228
201806 714.727 251.989 936.597
201809 703.342 252.439 920.035
201812 477.386 251.233 627.462
201903 472.002 254.202 613.139
201906 375.377 256.143 483.926
201909 325.993 256.759 419.254
201912 183.028 256.974 235.192
202003 243.736 258.115 311.818
202006 154.623 257.797 198.057
202009 231.667 260.280 293.912
202012 210.488 260.474 266.844
202103 217.549 264.877 271.211
202106 216.048 271.696 262.580
202109 212.055 274.310 255.271
202112 216.681 278.802 256.637
202203 214.310 287.504 246.146
202206 220.313 296.311 245.520
202209 225.002 296.808 250.325
202212 223.846 296.797 249.049
202303 210.743 301.836 230.556
202306 197.496 305.109 213.746
202309 197.024 307.789 211.378
202312 199.211 306.746 214.451
202403 199.816 312.332 211.255
202406 225.014 314.175 236.501
202409 247.185 315.301 258.875
202412 271.633 315.605 284.206
202503 270.947 319.799 279.770
202506 253.648 322.561 259.665
202509 253.725 324.800 257.953
202512 253.635 324.054 258.456
202603 259.335 330.213 259.335

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 0.70 mean?
PG&E (MEX:PCG) has a Cyclically Adjusted PB Ratio of 0.70 as of Jul. 12, 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 PG&E and its competitors. This is 19% above median its historical median of 0.59. Over the past decade, PG&E's Cyclically Adjusted PB Ratio has ranged from 0.15 to 2.19. According to the industry distribution chart, PG&E ranks #104 out of 440 companies in the Utilities - Regulated industry, placing it in the top 23.6%.
Is PG&E's Cyclically Adjusted PB Ratio too high?
PG&E's current Cyclically Adjusted PB Ratio of 0.70 is 19% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 2.19. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. PG&E's value of 0.70 is 53.9% below this industry median. Based on the distribution chart, PG&E ranks #104 out of 440 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, PG&E has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PG&E's Cyclically Adjusted PB Ratio compare to WEC and ED?
According to the Utilities - Regulated industry distribution chart, PG&E ranks #104 out of 440 companies for Cyclically Adjusted PB Ratio. This places PG&E in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.52. PG&E's value of 0.70 is 53.9% below this benchmark. Historically, PG&E's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 2.19 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.52, PG&E 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 440 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. PG&E's current Cyclically Adjusted PB Ratio of 0.70 is 53.9% 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 PG&E 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. PG&E's current Cyclically Adjusted PB Ratio is 0.70, which is 19% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PG&E stock overvalued right now?
Based on GuruFocus' analysis, PG&E (MEX:PCG) is currently considered Fairly Valued. The stock's GF Value™ is MXN320.91, compared to a current price of MXN301.00 — trading 6.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is 19% above median its 10-year median of 0.59 and 53.9% below the Utilities - Regulated industry median of 1.52. PG&E's overall GF Score™ is 58/100 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 PG&E (MEX:PCG), the current Cyclically Adjusted PB Ratio is 0.70 as of Jul. 12, 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 PG&E (MEX:PCG) Overvalued in 2026?

Based on GuruFocus' analysis, PG&E stock appears to be undervalued. The current stock price of MXN301.00 is trading 6.2% below its estimated GF Value™ of MXN320.91. GuruFocus considers PG&E to be Fairly Valued.

Key valuation signals for MEX:PCG:

  • Cyclically Adjusted PB Ratio: 0.70 (19% above median its 10-year median of 0.59)
  • GF Value™: MXN320.91 vs. price of MXN301.00 (6.2% below fair value)
  • GF Score™: 58/100 with 9 warning signs
  • Industry Position: 53.9% below the Utilities - Regulated median (#104 of 440)

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


PG&E Business Description

Address 300 Lakeside Drive, Oakland, CA, USA, 94612
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision in 2001-04 during California's energy crisis and in 2019-20 due to wildfire losses. In 2004, PG&E sold its unregulated assets as part of its first postbankruptcy reorganization.
58GF Score

Get the complete analysis for MEX:PCG

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

MXN301.00
Price
MXN320.91
GF Value