Territorial Generating Co No 1 PJSC (MIC:TGKA) Cyclically Adjusted PB Ratio: 0.09 (As of Jul. 17, 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.

What is Territorial Generating Co No 1 PJSC Cyclically Adjusted PB Ratio?

Territorial Generating Co No 1 PJSC MIC:TGKA -6.87% Cyclically Adjusted PB Ratio is 0.09 as of Jul. 17, 2026.

As of today (2026-07-17), Territorial Generating Co No 1 PJSC's current share price is ₽0.00377. Territorial Generating Co No 1 PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ₽0.04. Territorial Generating Co No 1 PJSC's Cyclically Adjusted PB Ratio for today is 0.09.

The historical rank and industry rank for Territorial Generating Co No 1 PJSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

MIC:TGKA's Cyclically Adjusted PB Ratio is not ranked *
in the Utilities - Regulated industry.
Industry Median: 1.525
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Territorial Generating Co No 1 PJSC's adjusted book value per share data for the three months ended in Sep. 2023 was ₽0.037. 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 ₽0.04 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Territorial Generating Co No 1 PJSC  (MIC:TGKA) 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.


Territorial Generating Co No 1 PJSC Cyclically Adjusted PB Ratio Related Terms


Territorial Generating Co No 1 PJSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Territorial Generating Co No 1 PJSC'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.

Territorial Generating Co No 1 PJSC Cyclically Adjusted PB Ratio Chart

Territorial Generating Co No 1 PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.28

Territorial Generating Co No 1 PJSC Quarterly Data
Jun17 Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23
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 0.19 0.00 0.00 0.22 0.25

MIC:TGKA vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Territorial Generating Co No 1 PJSC'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.


Territorial Generating Co No 1 PJSC Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Territorial Generating Co No 1 PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Territorial Generating Co No 1 PJSC's Cyclically Adjusted PB Ratio falls into.



Territorial Generating Co No 1 PJSC 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.

Territorial Generating Co No 1 PJSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.00377/0.04
=0.09

* 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.

Territorial Generating Co No 1 PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Territorial Generating Co No 1 PJSC's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.037/242.6000*242.6000
=0.037

Current CPI (Sep. 2023) = 242.6000.

Territorial Generating Co No 1 PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201206 0.000 113.600 0.000
201209 0.021 115.700 0.044
201212 0.022 117.300 0.046
201303 0.022 119.500 0.045
201306 0.022 121.400 0.044
201309 0.022 122.800 0.043
201312 0.023 124.900 0.045
201403 0.024 127.800 0.046
201406 0.024 130.900 0.044
201409 0.024 132.700 0.044
201412 0.024 139.000 0.042
201503 0.025 149.400 0.041
201506 0.025 150.900 0.040
201509 0.025 153.500 0.040
201512 0.025 157.000 0.039
201603 0.026 160.200 0.039
201606 0.026 162.200 0.039
201609 0.027 163.300 0.040
201612 0.026 165.400 0.038
201703 0.027 167.000 0.039
201706 0.028 169.200 0.040
201712 0.028 169.600 0.040
201812 0.030 176.800 0.041
201903 0.000 179.900 0.000
201906 0.000 181.200 0.000
201909 0.000 180.800 0.000
201912 0.032 182.200 0.043
202003 0.033 184.500 0.043
202006 0.033 187.000 0.043
202009 0.033 187.400 0.043
202012 0.033 191.100 0.042
202103 0.034 195.200 0.042
202106 0.034 199.100 0.041
202109 0.034 201.300 0.041
202112 0.034 207.200 0.040
202203 0.036 227.800 0.038
202206 0.000 230.800 0.000
202209 0.000 228.800 0.000
202306 0.037 238.300 0.038
202309 0.037 242.600 0.037

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 0.09 mean?
Territorial Generating Co No 1 PJSC (MIC:TGKA) has a Cyclically Adjusted PB Ratio of 0.09 as of Jul. 17, 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 Territorial Generating Co No 1 PJSC and its competitors.
Is Territorial Generating Co No 1 PJSC's Cyclically Adjusted PB Ratio too high?
Territorial Generating Co No 1 PJSC's current Cyclically Adjusted PB Ratio is 0.09. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Territorial Generating Co No 1 PJSC's value of 0.09 is 94.1% below this industry median.
How does Territorial Generating Co No 1 PJSC's Cyclically Adjusted PB Ratio compare to NEE and SO?
Territorial Generating Co No 1 PJSC's Cyclically Adjusted PB Ratio of 0.09 can be compared against companies in the Utilities - Regulated industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Territorial Generating Co No 1 PJSC's value of 0.09 is 94.1% below this benchmark. 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 1.53, 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. Territorial Generating Co No 1 PJSC's current Cyclically Adjusted PB Ratio of 0.09 is 94.1% 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 Territorial Generating Co No 1 PJSC and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Territorial Generating Co No 1 PJSC's current Cyclically Adjusted PB Ratio is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Territorial Generating Co No 1 PJSC stock overvalued right now?
Territorial Generating Co No 1 PJSC (MIC:TGKA) has a current Cyclically Adjusted PB Ratio of 0.09. The current Cyclically Adjusted PB Ratio is 0.09 and 94.1% below the Utilities - Regulated industry median of 1.53. 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 Territorial Generating Co No 1 PJSC (MIC:TGKA), the current Cyclically Adjusted PB Ratio is 0.09 as of Jul. 17, 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.

Territorial Generating Co No 1 PJSC Business Description

Address 16 Dobrolyubova Prospect, 2A Building, Litera A, Arena Hall Business Centre, Saint Petersburg, RUS, 197198
Territorial Generating Co No 1 PJSC is involved in the production of electricity and heat in the North-West region of Russia. It operates approximately 52 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast. The company's operating segment includes TPP of Nevsky branch, HPS of Nevsky branch. Heating Grid, Kolsky branch, Karelsky branch and Murmanskaya TPP. It generates maximum revenue from the TPP of Nevsky branch.