GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » American Electric Power Co Inc (WBO:AEPC) » Definitions » Cyclically Adjusted PB Ratio

American Electric Power Co (WBO:AEPC) Cyclically Adjusted PB Ratio : 1.92 (As of May. 01, 2024)


View and export this data going back to 2019. Start your Free Trial

What is American Electric Power Co Cyclically Adjusted PB Ratio?

As of today (2024-05-01), American Electric Power Co's current share price is €81.50. American Electric Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €42.47. American Electric Power Co's Cyclically Adjusted PB Ratio for today is 1.92.

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

WBO:AEPC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.49   Med: 2.05   Max: 2.83
Current: 1.85

During the past years, American Electric Power Co's highest Cyclically Adjusted PB Ratio was 2.83. The lowest was 1.49. And the median was 2.05.

WBO:AEPC's Cyclically Adjusted PB Ratio is ranked worse than
64.48% of 442 companies
in the Utilities - Regulated industry
Industry Median: 1.38 vs WBO:AEPC: 1.85

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.

American Electric Power Co's adjusted book value per share data for the three months ended in Dec. 2023 was €43.998. 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 €42.47 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Electric Power Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for American Electric Power Co'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.

American Electric Power Co Cyclically Adjusted PB Ratio Chart

American Electric Power Co 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 2.57 2.19 2.14 2.11 1.73

American Electric Power Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.11 1.99 1.81 1.60 1.73

Competitive Comparison of American Electric Power Co's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Electric subindustry, American Electric Power Co'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.


American Electric Power Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

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



American Electric Power Co 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.

American Electric Power Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=81.50/42.47
=1.92

* 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.

American Electric Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, American Electric Power Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=43.998/129.4194*129.4194
=43.998

Current CPI (Dec. 2023) = 129.4194.

American Electric Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 24.318 99.695 31.569
201406 24.978 100.560 32.147
201409 26.756 100.428 34.480
201412 27.873 99.070 36.412
201503 32.516 99.621 42.242
201506 31.666 100.684 40.704
201509 32.130 100.392 41.420
201512 33.448 99.792 43.378
201603 33.136 100.470 42.684
201606 33.282 101.688 42.358
201609 31.388 101.861 39.880
201612 33.541 101.863 42.615
201703 33.632 102.862 42.315
201706 32.253 103.349 40.389
201709 30.823 104.136 38.307
201712 31.407 104.011 39.079
201803 30.436 105.290 37.411
201806 32.512 106.317 39.577
201809 33.051 106.507 40.161
201812 33.910 105.998 41.403
201903 34.430 107.251 41.547
201906 34.520 108.070 41.340
201909 36.245 108.329 43.301
201912 35.755 108.420 42.680
202003 36.054 108.902 42.847
202006 35.819 108.767 42.620
202009 34.836 109.815 41.055
202012 34.017 109.897 40.060
202103 35.288 111.754 40.866
202106 35.473 114.631 40.049
202109 37.604 115.734 42.051
202112 39.375 117.630 43.322
202203 42.066 121.301 44.881
202206 44.301 125.017 45.861
202209 47.727 125.227 49.325
202212 43.893 125.222 45.364
202303 43.081 127.348 43.782
202306 42.824 128.729 43.054
202309 45.117 129.860 44.964
202312 43.998 129.419 43.998

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.


American Electric Power Co  (WBO:AEPC) 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.


American Electric Power Co Cyclically Adjusted PB Ratio Related Terms

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


American Electric Power Co (WBO:AEPC) Business Description

Traded in Other Exchanges
Address
1 Riverside Plaza, Columbus, OH, USA, 43215-2373
American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 42% of AEP's of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (21%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.

American Electric Power Co (WBO:AEPC) Headlines

No Headlines