RUN (Sunrun) Cyclically Adjusted PB Ratio: 0.31 (As of Sep. 15, 2026) — 56% Below Median

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

RUN Sunrun Inc RUN
66 GF Score
Price $8.40
GF Value $14.78
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Sunrun Cyclically Adjusted PB Ratio?

Sunrun RUN +0.84% 66 Cyclically Adjusted PB Ratio is 0.31 as of Sep. 15, 2026, which is 56% below its 10-year median of 0.70. GuruFocus rates RUN with a GF Score™ of 66/100 and a GF Value™ of $14.78 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 725 Semiconductors companies, Sunrun ranks better than 91.86% on this metric.

As of today (2026-09-15), Sunrun's current share price is $8.40. Sunrun's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $26.82. Sunrun's Cyclically Adjusted PB Ratio for today is 0.31.

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: 0.7   Max: 1.25
Current: 0.44

During the past years, Sunrun's highest Cyclically Adjusted PB Ratio was 1.25. The lowest was 0.34. And the median was 0.70.

RUN's Cyclically Adjusted PB Ratio is ranked better than
91.86% of 725 companies
in the Semiconductors industry
Industry Median: 3.16 vs RUN: 0.44

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 Jun. 2026 was $21.687. 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 $26.82 for the trailing ten years ended in Jun. 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 1.21 0.85 0.37 0.69

Sunrun 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 0.33 0.68 0.72 0.52 0.50

RUN vs SEDG, SHLS, CSIQ: 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
66GF 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
=8.40/26.824
=0.31

* 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 Jun. 2026 is calculated as:

For example, Sunrun'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)
=21.687/333.9520*333.9520
=21.687

Current CPI (Jun. 2026) = 333.9520.

Sunrun Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.631 241.428 13.322
201612 10.181 241.432 14.082
201703 10.976 243.801 15.035
201706 11.453 244.955 15.614
201709 12.094 246.819 16.363
201712 12.709 246.524 17.216
201803 13.109 249.554 17.542
201806 12.447 251.989 16.496
201809 12.552 252.439 16.605
201812 12.453 251.233 16.553
201903 12.548 254.202 16.485
201906 12.693 256.143 16.549
201909 13.417 256.759 17.451
201912 13.828 256.974 17.970
202003 13.439 258.115 17.388
202006 13.836 257.797 17.923
202009 15.120 260.280 19.400
202012 36.192 260.474 46.402
202103 36.316 264.877 45.787
202106 36.480 271.696 44.839
202109 36.437 274.310 44.359
202112 36.376 278.802 43.572
202203 36.679 287.504 42.605
202206 36.862 296.311 41.545
202209 37.817 296.808 42.550
202212 38.187 296.797 42.967
202303 37.960 301.836 41.999
202306 37.758 305.109 41.327
202309 32.494 307.789 35.256
202312 31.514 306.746 34.309
202403 30.626 312.332 32.746
202406 31.565 314.175 33.552
202409 31.391 315.301 33.248
202412 18.453 315.605 19.526
202503 18.025 319.799 18.823
202506 19.304 322.561 19.986
202509 20.054 324.800 20.619
202512 21.334 324.054 21.986
202603 21.046 330.213 21.284
202606 21.687 333.952 21.687

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 0.31 mean?
Sunrun (RUN) has a Cyclically Adjusted PB Ratio of 0.31 as of Sep. 15, 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 56% below median its historical median of 0.70. 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 #59 out of 725 companies in the Semiconductors industry, placing it in the top 8.1%.
Is Sunrun's Cyclically Adjusted PB Ratio too high?
Sunrun's current Cyclically Adjusted PB Ratio of 0.31 is 56% below median its 10-year median of 0.70. 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 3.16. Sunrun's value of 0.31 is 90.2% below this industry median. Based on the distribution chart, Sunrun ranks #59 out of 725 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Sunrun has a GF Score™ of 66/100 and is considered Possible Value Trap, 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 #59 out of 725 companies for Cyclically Adjusted PB Ratio. This places Sunrun in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.16. Sunrun's value of 0.31 is 90.2% 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 0.70 vs. the industry median of 3.16, 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 3.16, based on 725 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 0.31 is 90.2% 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 3.16 — 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 0.31, which is 56% below median its own 10-year median of 0.70. 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 Possible Value Trap. The stock's GF Value™ is $14.78, compared to a current price of $8.40 — trading 43.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.31, which is 56% below median its 10-year median of 0.70 and 90.2% below the Semiconductors industry median of 3.16. Sunrun's overall GF Score™ is 66/100 with 8 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 0.31 as of Sep. 15, 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 $8.40 is trading 43.2% below its estimated GF Value™ of $14.78. GuruFocus considers Sunrun to be Possible Value Trap.

Key valuation signals for RUN:

  • Cyclically Adjusted PB Ratio: 0.31 (56% below median its 10-year median of 0.70)
  • GF Value™: $14.78 vs. price of $8.40 (43.2% below fair value)
  • GF Score™: 66/100 with 8 warning signs
  • Industry Position: 90.2% below the Semiconductors median (#59 of 725)

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.
66GF Score

Get the complete analysis for RUN

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

$8.40
Price
$14.78
GF Value