Sempra (MEX:SRE) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MEX:SRE Sempra MEX:SRE
62 GF Score
Price MXN1,437.58
GF Value MXN1,368.96
Valuation Fairly Valued
! 5 Warning Signs
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What is Sempra Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sempra  (MEX:SRE) 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.


Sempra Cyclically Adjusted PB Ratio Related Terms


Sempra Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sempra'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.

Sempra Cyclically Adjusted PB Ratio Chart

Sempra 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 2.25 2.19 1.67 2.05 1.67

Sempra 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 1.61 1.84 1.73 1.90 1.67

MEX:SRE vs AES, AVA, UTL: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, Sempra'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.


Sempra Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


MEX:SRE
62GF Score
Sempra MEX:SRE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sempra 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.

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

For example, Sempra'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)
=1156.962/333.9520*333.9520
=1,156.962

Current CPI (Jun. 2026) = 333.9520.

Sempra Quarterly Data

Book Value per Share CPI Adj_Book
201609 509.810 241.428 705.188
201612 626.768 241.432 866.954
201703 583.371 243.801 799.086
201706 561.922 244.955 766.079
201709 560.043 246.819 757.752
201712 588.462 246.524 797.156
201803 573.602 249.554 767.592
201806 601.632 251.989 797.321
201809 574.354 252.439 759.814
201812 610.373 251.233 811.340
201903 608.543 254.202 799.459
201906 601.451 256.143 784.155
201909 639.685 256.759 832.002
201912 632.039 256.974 821.370
202003 796.851 258.115 1,030.975
202006 876.134 257.797 1,134.950
202009 831.252 260.280 1,066.537
202012 751.756 260.474 963.821
202103 814.841 264.877 1,027.336
202106 765.385 271.696 940.764
202109 763.012 274.310 928.910
202112 855.938 278.802 1,025.252
202203 840.940 287.504 976.799
202206 904.182 296.311 1,019.042
202209 908.680 296.808 1,022.397
202212 878.689 296.797 988.689
202303 840.779 301.836 930.240
202306 819.549 305.109 897.024
202309 893.297 307.789 969.230
202312 878.195 306.746 956.084
202403 886.835 312.332 948.223
202406 997.015 314.175 1,059.776
202409 1,082.573 315.301 1,146.610
202412 1,178.575 315.605 1,247.089
202503 1,170.293 319.799 1,222.085
202506 1,082.892 322.561 1,121.134
202509 1,129.378 324.800 1,161.201
202512 1,156.312 324.054 1,191.631
202603 1,179.342 330.213 1,192.696
202606 1,156.962 333.952 1,156.962

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 Sempra (MEX:SRE) Overvalued in 2026?

Based on GuruFocus' analysis, Sempra stock appears to be overvalued. The current stock price of MXN1,437.58 is trading 5% above its estimated GF Value™ of MXN1,368.96. GuruFocus considers Sempra to be Fairly Valued.

Key valuation signals for MEX:SRE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN1,368.96 vs. price of MXN1,437.58 (5% above fair value)
  • GF Score™: 62/100 with 5 warning signs

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


Sempra Business Description

Address 488 8th Avenue, San Diego, CA, USA, 92101
Sempra serves one of the largest utility customer bases in the United States. It distributes natural gas and electricity in Southern California and owns 80% of Oncor, a transmission and distribution business in Texas. Sempra Infrastructure Partners, 25% owned by Sempra, owns and operates liquefied natural gas facilities in North America and infrastructure in Mexico.
62GF Score

Get the complete analysis for MEX:SRE

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

MXN1,437.58
Price
MXN1,368.96
GF Value