Sempra (MIL:1SRE) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.

MIL:1SRE Sempra MIL:1SRE
42 GF Score
Price €70.72
GF Value €72.06
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Sempra Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sempra  (MIL:1SRE) 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 - - - - 1.75

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 1.59 1.84 1.80 1.93 1.84

MIL:1SRE 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.


MIL:1SRE
42GF Score
Sempra MIL:1SRE
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)
=57.913/333.9520*333.9520
=57.913

Current CPI (Jun. 2026) = 333.9520.

Sempra Quarterly Data

Book Value per Share CPI Adj_Book
201609 23.440 241.428 32.423
201612 28.844 241.432 39.897
201703 28.960 243.801 39.669
201706 27.220 244.955 37.110
201709 26.087 246.819 35.296
201712 25.047 246.524 33.930
201803 25.551 249.554 34.192
201806 26.216 251.989 34.743
201809 26.445 252.439 34.984
201812 27.112 251.233 36.039
201903 27.940 254.202 36.706
201906 27.491 256.143 35.842
201909 29.718 256.759 38.653
201912 29.817 256.974 38.749
202003 30.957 258.115 40.053
202006 33.759 257.797 43.732
202009 32.111 260.280 41.200
202012 30.835 260.474 39.533
202103 33.885 264.877 42.722
202106 32.415 271.696 39.843
202109 32.046 274.310 39.014
202112 36.778 278.802 44.053
202203 37.900 287.504 44.023
202206 42.867 296.311 48.312
202209 46.130 296.808 51.903
202212 42.249 296.797 47.538
202303 42.860 301.836 47.420
202306 43.800 305.109 47.941
202309 48.550 307.789 52.677
202312 46.945 306.746 51.109
202403 49.402 312.332 52.822
202406 50.875 314.175 54.078
202409 49.485 315.301 52.412
202412 54.739 315.605 57.921
202503 52.957 319.799 55.301
202506 48.831 322.561 50.555
202509 52.430 324.800 53.907
202512 54.760 324.054 56.433
202603 56.733 330.213 57.375
202606 57.913 333.952 57.913

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 (MIL:1SRE) Overvalued in 2026?

Based on GuruFocus' analysis, Sempra stock appears to be undervalued. The current stock price of €70.72 is trading 1.9% below its estimated GF Value™ of €72.06. GuruFocus considers Sempra to be Fairly Valued.

Key valuation signals for MIL:1SRE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €72.06 vs. price of €70.72 (1.9% below fair value)
  • GF Score™: 42/100 with 5 warning signs

No single metric tells the full story. See the MIL:1SRE 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.
42GF Score

Get the complete analysis for MIL:1SRE

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

€70.72
Price
€72.06
GF Value