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Emera (TSX:EMA) Cyclically Adjusted PB Ratio : 1.71 (As of Jun. 01, 2025)


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What is Emera Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Emera's current share price is C$62.91. Emera's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$36.74. Emera's Cyclically Adjusted PB Ratio for today is 1.71.

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

TSX:EMA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 2.28   Max: 3.15
Current: 1.71

During the past years, Emera's highest Cyclically Adjusted PB Ratio was 3.15. The lowest was 1.29. And the median was 2.28.

TSX:EMA's Cyclically Adjusted PB Ratio is ranked worse than
57.18% of 411 companies
in the Utilities - Regulated industry
Industry Median: 1.5 vs TSX:EMA: 1.71

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.

Emera's adjusted book value per share data for the three months ended in Mar. 2025 was C$41.335. 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 C$36.74 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emera Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Emera'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.

* Premium members only.

Emera Cyclically Adjusted PB Ratio Chart

Emera Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.25 2.34 1.69 1.49 1.50

Emera Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.30 1.50 1.50 1.65

Competitive Comparison of Emera's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Electric subindustry, Emera'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.


Emera's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

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


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Emera 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=62.91/36.74
=1.71

* 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.

Emera's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Emera's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=41.335/129.1809*129.1809
=41.335

Current CPI (Mar. 2025) = 129.1809.

Emera Quarterly Data

Book Value per Share CPI Adj_Book
201506 20.513 100.500 26.367
201509 20.968 100.421 26.973
201512 23.714 99.947 30.650
201603 22.799 101.054 29.145
201606 23.738 102.002 30.063
201609 27.045 101.765 34.331
201612 28.545 101.449 36.348
201703 29.468 102.634 37.090
201706 28.898 103.029 36.233
201709 27.367 103.345 34.209
201712 27.989 103.345 34.986
201803 29.308 105.004 36.056
201806 29.779 105.557 36.444
201809 28.800 105.636 35.219
201812 31.236 105.399 38.284
201903 31.531 106.979 38.075
201906 30.938 107.690 37.112
201909 30.482 107.611 36.592
201912 31.186 107.769 37.382
202003 35.418 107.927 42.393
202006 33.371 108.401 39.768
202009 33.265 108.164 39.728
202012 32.613 108.559 38.808
202103 32.963 110.298 38.606
202106 32.037 111.720 37.044
202109 32.199 112.905 36.841
202112 33.302 113.774 37.812
202203 33.732 117.646 37.039
202206 33.994 120.806 36.351
202209 36.165 120.648 38.723
202212 37.063 120.964 39.581
202303 38.520 122.702 40.554
202306 37.227 124.203 38.719
202309 37.725 125.230 38.915
202312 37.491 125.072 38.723
202403 38.428 126.258 39.318
202406 38.588 127.522 39.090
202409 37.584 127.285 38.144
202412 40.059 127.364 40.631
202503 41.335 129.181 41.335

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.


Emera  (TSX:EMA) 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.


Emera Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Emera's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Emera Business Description

Industry
Address
5151 Terminal Road, Emera Place, Halifax, NS, CAN, B3J 1A1
Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.
Executives
David Arthur Pickles Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Scott Carlyle Balfour Director, Senior Officer
Carla Tully Director
Brian J Porter Director
Karen Sheriff Director
Sandra Greer Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Ian Edward Robertson Director
Robert Ross Bennett Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
R. Michael Roberts Senior Officer
James Vance Bertram Director
Mark Sidebottom Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Daniel Muldoon Senior Officer
James Lee Bragg Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Judy Ann Steele Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Peter Holden Gregg Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)