Capital Power (STU:2CP) 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.
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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.

STU:2CP Capital Power Corp STU:2CP
81 GF Score
Price €38.60
GF Value €29.83
! 12 Warning Signs
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What is Capital Power Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Capital Power  (STU:2CP) 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.


Capital Power Cyclically Adjusted PB Ratio Related Terms


Capital Power Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Capital Power'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.

Capital Power Cyclically Adjusted PB Ratio Chart

Capital Power 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 1.38 1.74 1.47 2.53 2.17

Capital Power 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 1.64 1.89 1.75 1.95 2.16

STU:2CP vs CEG, VST, NRG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Capital Power'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.


Capital Power Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Capital Power's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:2CP
81GF Score
Capital Power Corp STU:2CP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Capital Power 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.

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

For example, Capital Power'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)
=18.66/133.5265*133.5265
=18.660

Current CPI (Jun. 2026) = 133.5265.

Capital Power Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.157 101.765 25.136
201612 16.477 101.449 21.687
201703 21.056 102.634 27.394
201706 19.914 103.029 25.809
201709 20.337 103.345 26.276
201712 14.368 103.345 18.564
201803 18.083 105.004 22.995
201806 18.941 105.557 23.960
201809 19.428 105.636 24.557
201812 14.121 105.399 17.889
201903 19.766 106.979 24.671
201906 20.745 107.690 25.722
201909 19.387 107.611 24.056
201912 14.003 107.769 17.350
202003 18.891 107.927 23.372
202006 18.722 108.401 23.061
202009 17.866 108.164 22.055
202012 11.938 108.559 14.684
202103 19.010 110.298 23.014
202106 18.876 111.720 22.560
202109 18.825 112.905 22.263
202112 12.618 113.774 14.809
202203 18.328 117.646 20.802
202206 19.117 120.806 21.130
202209 18.013 120.648 19.936
202212 10.986 120.964 12.127
202303 16.438 122.702 17.888
202306 16.451 124.203 17.686
202309 19.187 125.230 20.458
202312 15.069 125.072 16.088
202403 20.262 126.258 21.429
202406 20.132 127.522 21.080
202409 19.149 127.285 20.088
202412 19.896 127.364 20.859
202503 21.397 129.181 22.117
202506 19.610 129.892 20.159
202509 19.703 130.287 20.193
202512 17.508 130.366 17.932
202603 19.078 132.262 19.260
202606 18.660 133.527 18.660

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 Capital Power (STU:2CP) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Power stock appears to be overvalued. The current stock price of €38.60 is trading 29.4% above its estimated GF Value™ of €29.83.

Key valuation signals for STU:2CP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €29.83 vs. price of €38.60 (29.4% above fair value)
  • GF Score™: 81/100 with 12 warning signs

No single metric tells the full story. See the STU:2CP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Capital Power Business Description

Address 10423 101 Street NW, Suite 1200, Edmonton, AB, CAN, T5H 0E9
Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S. Capital Power's natural gas and coal facilities, specifically its Genesee and Shepard sites, account for its electric capacity and cash flow production. The company generates the vast majority of its revenue from sale of electricity and natural gas. The company's customers include a variety of industrial and commercial consumers, independent transmission system operators, and government-owned entities.
81GF Score

Get the complete analysis for STU:2CP

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

€38.60
Price
€29.83
GF Value