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Energoprojekt Holding a.dXBEL:ENHL 50 Cyclically Adjusted PB Ratio is 0.22 as of Sep. 14, 2026, which is at its 10-year median of 0.22. GuruFocus rates XBEL:ENHL with a GF Score™ of 50/100 and a GF Value™ of RSD297.66 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,239 Construction companies, Energoprojekt Holding a.d ranks better than 92.41% on this metric.
The historical rank and industry rank for Energoprojekt Holding a.d's Cyclically Adjusted PB Ratio or its related term are showing as below:
XBEL:ENHL'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.22 Max: 0.46
Current: 0.22
During the past 13 years, Energoprojekt Holding a.d's highest Cyclically Adjusted PB Ratio was 0.46. The lowest was 0.14. And the median was 0.22.
XBEL:ENHL's Cyclically Adjusted PB Ratio is ranked better than 92.41% of 1239
companies
in the Construction industry
Industry Median: 1.14
vs XBEL:ENHL: 0.22
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.
Energoprojekt Holding a.d's adjusted book value per share data of for the fiscal year that ended in Dec25 was RSD1,735.235. 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 RSD2,079.55 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Energoprojekt Holding a.d (XBEL:ENHL) 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.
Energoprojekt Holding a.d Cyclically Adjusted PB Ratio Related Terms
Energoprojekt Holding a.d Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Energoprojekt Holding a.d'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.
Energoprojekt Holding a.d Cyclically Adjusted PB Ratio Chart
XBEL:ENHL vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison
For the Engineering & Construction subindustry, Energoprojekt Holding a.d'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.
Energoprojekt Holding a.d Cyclically Adjusted PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Energoprojekt Holding a.d's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Energoprojekt Holding a.d's Cyclically Adjusted PB Ratio falls into.
Energoprojekt Holding a.d 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.
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 0.22 mean?
Energoprojekt Holding a.d (XBEL:ENHL) has a Cyclically Adjusted PB Ratio of 0.22 as of Sep. 14, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Energoprojekt Holding a.d and its competitors. This is near median its historical median of 0.22. Over the past decade, Energoprojekt Holding a.d's Cyclically Adjusted PB Ratio has ranged from 0.14 to 0.46. According to the industry distribution chart, Energoprojekt Holding a.d ranks #94 out of 1239 companies in the Construction industry, placing it in the top 7.6%.
Is Energoprojekt Holding a.d's Cyclically Adjusted PB Ratio too high?
Energoprojekt Holding a.d's current Cyclically Adjusted PB Ratio of 0.22 is near median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.46. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Energoprojekt Holding a.d's value of 0.22 is 80.7% below this industry median. Based on the distribution chart, Energoprojekt Holding a.d ranks #94 out of 1239 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Energoprojekt Holding a.d has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energoprojekt Holding a.d's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Energoprojekt Holding a.d ranks #94 out of 1239 companies for Cyclically Adjusted PB Ratio. This places Energoprojekt Holding a.d in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.14. Energoprojekt Holding a.d's value of 0.22 is 80.7% below this benchmark. Historically, Energoprojekt Holding a.d's own Cyclically Adjusted PB Ratio has ranged from 0.14 to 0.46 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 1.14, Energoprojekt Holding a.d has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.14, based on 1,239 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energoprojekt Holding a.d's current Cyclically Adjusted PB Ratio of 0.22 is 80.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Energoprojekt Holding a.d and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energoprojekt Holding a.d's current Cyclically Adjusted PB Ratio is 0.22, which is near median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energoprojekt Holding a.d stock overvalued right now?
Based on GuruFocus' analysis, Energoprojekt Holding a.d (XBEL:ENHL) is currently considered Significantly Overvalued. The stock's GF Value™ is RSD297.66, compared to a current price of RSD461.00 — trading 54.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.22, which is near median its 10-year median of 0.22 and 80.7% below the Construction industry median of 1.14. Energoprojekt Holding a.d's overall GF Score™ is 50/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Energoprojekt Holding a.d (XBEL:ENHL), the current Cyclically Adjusted PB Ratio is 0.22 as of Sep. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Energoprojekt Holding a.d (XBEL:ENHL) Overvalued in 2026?
Based on GuruFocus' analysis, Energoprojekt Holding a.d stock appears to be overvalued.
The current stock price of RSD461.00 is trading 54.9% above its estimated GF Value™ of RSD297.66.
GuruFocus considers Energoprojekt Holding a.d to be Significantly Overvalued.
Key valuation signals for XBEL:ENHL:
Cyclically Adjusted PB Ratio: 0.22 (near median its 10-year median of 0.22)
GF Value™: RSD297.66 vs. price of RSD461.00 (54.9% above fair value)
Industry Position: 80.7% below the Construction median (#94 of 1239)
No single metric tells the full story. See the XBEL:ENHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energoprojekt Holding a.d is engaged in the design, engineering, and construction; activities. The company is involved in the segments such as Planning and Research; Construction and Fitting and Others. The firm generates the majority of its revenue from the Construction and Fitting segment. The company's geographical segments are Serbia, CIS, Europe, America, Asia, and Africa. The company derives the majority of its revenue from Serbia itself.
50GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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