RUN (Sunrun) Cyclically Adjusted PB Ratio: 0.62 (As of Jul. 16, 2026) — 13% Below Median

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RUN Sunrun Inc RUN
68 GF Score
Price $12.02
GF Value $14.94
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Sunrun Cyclically Adjusted PB Ratio?

Sunrun RUN -5.87% 68 Cyclically Adjusted PB Ratio is 0.62 as of Jul. 16, 2026, which is 13% below its 10-year median of 0.71. GuruFocus rates RUN with a GF Score™ of 68/100 and a GF Value™ of $14.94 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 736 Semiconductors companies, Sunrun ranks better than 88.86% on this metric.

As of today (2026-07-16), Sunrun's current share price is $12.02. Sunrun's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $19.30. Sunrun's Cyclically Adjusted PB Ratio for today is 0.62.

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

RUN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.71   Max: 1.25
Current: 0.66

During the past years, Sunrun's highest Cyclically Adjusted PB Ratio was 1.25. The lowest was 0.34. And the median was 0.71.

RUN's Cyclically Adjusted PB Ratio is ranked better than
88.86% of 736 companies
in the Semiconductors industry
Industry Median: 3.445 vs RUN: 0.66

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.

Sunrun's adjusted book value per share data for the three months ended in Mar. 2026 was $14.185. 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 $19.30 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sunrun  (NAS:RUN) 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.


Sunrun Cyclically Adjusted PB Ratio Related Terms


Sunrun Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sunrun'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.

Sunrun Cyclically Adjusted PB Ratio Chart

Sunrun 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 0.00 0.00 1.19 0.52 0.98

Sunrun 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 0.32 0.44 0.93 0.98 0.70

RUN vs SEDG, SHLS, ARRY: Cyclically Adjusted PB Ratio Comparison

For the Solar subindustry, Sunrun'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.


Sunrun Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunrun's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


RUN
68GF Score
Sunrun Inc RUN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunrun 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.02/19.30
=0.62

* 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.

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

For example, Sunrun'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)
=14.185/330.2130*330.2130
=14.185

Current CPI (Mar. 2026) = 330.2130.

Sunrun Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.902 241.018 8.086
201609 6.100 241.428 8.343
201612 6.451 241.432 8.823
201703 6.625 243.801 8.973
201706 6.808 244.955 9.178
201709 7.067 246.819 9.455
201712 8.212 246.524 11.000
201803 8.600 249.554 11.380
201806 8.674 251.989 11.367
201809 8.659 252.439 11.327
201812 8.385 251.233 11.021
201903 8.058 254.202 10.467
201906 7.812 256.143 10.071
201909 7.860 256.759 10.109
201912 8.145 256.974 10.466
202003 7.263 258.115 9.292
202006 7.262 257.797 9.302
202009 8.103 260.280 10.280
202012 30.177 260.474 38.257
202103 30.288 264.877 37.759
202106 29.977 271.696 36.433
202109 30.080 274.310 36.210
202112 30.045 278.802 35.585
202203 29.913 287.504 34.357
202206 29.945 296.311 33.371
202209 31.079 296.808 34.577
202212 31.319 296.797 34.845
202303 30.059 301.836 32.885
202306 30.397 305.109 32.898
202309 25.773 307.789 27.651
202312 23.840 306.746 25.664
202403 23.476 312.332 24.820
202406 24.030 314.175 25.257
202409 23.553 315.301 24.667
202412 11.319 315.605 11.843
202503 11.505 319.799 11.880
202506 12.707 322.561 13.008
202509 12.884 324.800 13.099
202512 13.409 324.054 13.664
202603 14.185 330.213 14.185

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 0.62 mean?
Sunrun (RUN) has a Cyclically Adjusted PB Ratio of 0.62 as of Jul. 16, 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 Sunrun and its competitors. This is 13% below median its historical median of 0.71. Over the past decade, Sunrun's Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.25. According to the industry distribution chart, Sunrun ranks #82 out of 736 companies in the Semiconductors industry, placing it in the top 11.1%.
Is Sunrun's Cyclically Adjusted PB Ratio too high?
Sunrun's current Cyclically Adjusted PB Ratio of 0.62 is 13% below median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.25. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.45. Sunrun's value of 0.62 is 82% below this industry median. Based on the distribution chart, Sunrun ranks #82 out of 736 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Sunrun has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sunrun's Cyclically Adjusted PB Ratio compare to SEDG and SHLS?
According to the Semiconductors industry distribution chart, Sunrun ranks #82 out of 736 companies for Cyclically Adjusted PB Ratio. This places Sunrun in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.45. Sunrun's value of 0.62 is 82% below this benchmark. Historically, Sunrun's own Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.25 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 3.45, Sunrun 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 a Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.45, based on 736 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. Sunrun's current Cyclically Adjusted PB Ratio of 0.62 is 82% 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 Sunrun and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunrun's current Cyclically Adjusted PB Ratio is 0.62, which is 13% below median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunrun stock overvalued right now?
Based on GuruFocus' analysis, Sunrun (RUN) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.94, compared to a current price of $12.02 — trading 19.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.62, which is 13% below median its 10-year median of 0.71 and 82% below the Semiconductors industry median of 3.45. Sunrun's overall GF Score™ is 68/100 with 6 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 Sunrun (RUN), the current Cyclically Adjusted PB Ratio is 0.62 as of Jul. 16, 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 Sunrun (RUN) Overvalued in 2026?

Based on GuruFocus' analysis, Sunrun stock appears to be undervalued. The current stock price of $12.02 is trading 19.5% below its estimated GF Value™ of $14.94. GuruFocus considers Sunrun to be Modestly Undervalued.

Key valuation signals for RUN:

  • Cyclically Adjusted PB Ratio: 0.62 (13% below median its 10-year median of 0.71)
  • GF Value™: $14.94 vs. price of $12.02 (19.5% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 82% below the Semiconductors median (#82 of 736)

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


Sunrun Business Description

Address 600 California Street, Suite 1800, San Francisco, CA, USA, 94108
Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.
68GF Score

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

$12.02
Price
$14.94
GF Value