CLP Holdings (STU:CLP) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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:CLP CLP Holdings Ltd STU:CLP
75 GF Score
Price €8.40
GF Value €7.03
Valuation Modestly Overvalued
! 9 Warning Signs
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What is CLP Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CLP Holdings  (STU:CLP) 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.


CLP Holdings Cyclically Adjusted PB Ratio Related Terms


CLP Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CLP Holdings'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.

CLP Holdings Cyclically Adjusted PB Ratio Chart

CLP Holdings 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 1.79 1.31 1.37 1.44 1.35

CLP Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 1.39 1.44 1.30 1.36 1.42

STU:CLP vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, CLP Holdings'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.


CLP Holdings Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CLP Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:CLP
75GF Score
CLP Holdings Ltd STU:CLP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CLP Holdings 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.

CLP Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, CLP Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=4.917/120.7036*120.7036
=4.917

Current CPI (Dec25) = 120.7036.

CLP Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 4.839 103.225 5.658
201712 4.879 104.984 5.610
201812 5.269 107.622 5.909
201912 5.224 110.700 5.696
202012 5.093 109.711 5.603
202112 5.483 112.349 5.891
202212 5.313 114.548 5.599
202312 4.979 117.296 5.124
202412 5.419 118.945 5.499
202512 4.917 120.704 4.917

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 CLP Holdings (STU:CLP) Overvalued in 2026?

Based on GuruFocus' analysis, CLP Holdings stock appears to be overvalued. The current stock price of €8.40 is trading 19.5% above its estimated GF Value™ of €7.03. GuruFocus considers CLP Holdings to be Modestly Overvalued.

Key valuation signals for STU:CLP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €7.03 vs. price of €8.40 (19.5% above fair value)
  • GF Score™: 75/100 with 9 warning signs

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


CLP Holdings Business Description

Address 43 Shing Kai Road, Kai Tak, Kowloon, Hong Kong, HKG
CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the territory's population. It generates, transmits, and distributes electricity to about 2.8 million customer accounts in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government, with a permitted return on net fixed assets of 8% to December 2033. About 70% of group EBITDA is from Hong Kong, its highest-quality business. Besides Hong Kong, the company has expanded overseas, with generation and energy retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia.
75GF Score

Get the complete analysis for STU:CLP

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

€8.40
Price
€7.03
GF Value