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CEZ a.s (WAR:CEZ) Cyclically Adjusted PB Ratio : 1.71 (As of May. 29, 2024)


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What is CEZ a.s Cyclically Adjusted PB Ratio?

As of today (2024-05-29), CEZ a.s's current share price is zł161.00. CEZ a.s's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł94.00. CEZ a.s's Cyclically Adjusted PB Ratio for today is 1.71.

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

WAR:CEZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.32   Max: 2.25
Current: 1.74

During the past years, CEZ a.s's highest Cyclically Adjusted PB Ratio was 2.25. The lowest was 0.74. And the median was 1.32.

WAR:CEZ's Cyclically Adjusted PB Ratio is ranked worse than
64.04% of 267 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.25 vs WAR:CEZ: 1.74

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.

CEZ a.s's adjusted book value per share data for the three months ended in Mar. 2024 was zł82.930. 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 zł94.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CEZ a.s Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CEZ a.s'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.

CEZ a.s Cyclically Adjusted PB Ratio Chart

CEZ a.s Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 1.01 1.57 1.45 1.81

CEZ a.s Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.96 1.68 1.83 1.81 1.56

Competitive Comparison of CEZ a.s's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, CEZ a.s'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.


CEZ a.s's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

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

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



CEZ a.s 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.

CEZ a.s's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=161.00/94
=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.

CEZ a.s's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CEZ a.s's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=82.93/131.7762*131.7762
=82.930

Current CPI (Mar. 2024) = 131.7762.

CEZ a.s Quarterly Data

Book Value per Share CPI Adj_Book
201406 93.728 100.560 122.824
201409 89.136 100.428 116.960
201412 86.383 99.070 114.901
201503 79.678 99.621 105.396
201506 78.856 100.684 103.208
201509 80.284 100.392 105.383
201512 79.929 99.792 105.547
201603 85.589 100.470 112.258
201606 79.974 101.688 103.637
201609 79.987 101.861 103.478
201612 74.225 101.863 96.022
201703 78.136 102.862 100.100
201706 80.116 103.349 102.153
201709 84.434 104.136 106.845
201712 85.497 104.011 108.320
201803 93.905 105.290 117.528
201806 80.026 106.317 99.190
201809 78.587 106.507 97.232
201812 76.606 105.998 95.236
201903 81.536 107.251 100.181
201906 78.915 108.070 96.226
201909 76.224 108.329 92.722
201912 80.795 108.420 98.200
202003 82.557 108.902 99.898
202006 76.944 108.767 93.221
202009 79.843 109.815 95.810
202012 79.975 109.897 95.897
202103 81.597 111.754 96.216
202106 70.207 114.631 80.707
202109 61.251 115.734 69.741
202112 38.462 117.630 43.088
202203 53.635 121.301 58.267
202206 32.719 125.017 34.488
202209 26.117 125.227 27.483
202212 83.350 125.222 87.713
202303 95.350 127.348 98.666
202306 75.415 128.729 77.200
202309 75.495 129.860 76.609
202312 80.234 129.419 81.695
202403 82.930 131.776 82.930

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.


CEZ a.s  (WAR:CEZ) 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.


CEZ a.s Cyclically Adjusted PB Ratio Related Terms

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


CEZ a.s (WAR:CEZ) Business Description

Address
Duhova 2/1444, Prague 4, CZE, 140 53
CEZ a.s is a Czech energy company of which the government of the Czech Republic is the majority shareholder. Its core business is the generation, distribution, trade, and sale of electricity and heat. With its subsidiaries, the company operates a portfolio of both conventional and renewable energy power plants. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. Most of its revenue gets derived from the Generation segment.

CEZ a.s (WAR:CEZ) Headlines

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