Algonquin Power & Utilities (XBUL:751) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

XBUL:751 Algonquin Power & Utilities Corp XBUL:751
57 GF Score
Price €5.07
GF Value €5.16
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Algonquin Power & Utilities Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Algonquin Power & Utilities  (XBUL:751) 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.


Algonquin Power & Utilities Cyclically Adjusted PB Ratio Related Terms


Algonquin Power & Utilities Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Algonquin Power & Utilities'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.

Algonquin Power & Utilities Cyclically Adjusted PB Ratio Chart

Algonquin Power & Utilities 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 - - - 0.58 0.62

Algonquin Power & Utilities Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 0.54 0.54 0.63 0.62 0.62

XBUL:751 vs SRE, AES: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, Algonquin Power & Utilities'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.


Algonquin Power & Utilities Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

* The bar in red indicates where Algonquin Power & Utilities's Cyclically Adjusted PB Ratio falls into.


XBUL:751
57GF Score
Algonquin Power & Utilities Corp XBUL:751
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Algonquin Power & Utilities 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.

Algonquin Power & Utilities's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Algonquin Power & Utilities's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.288/133.5265*133.5265
=5.288

Current CPI (Jun. 2026) = 133.5265.

Algonquin Power & Utilities Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.420 101.765 7.112
201612 5.937 101.449 7.814
201703 6.209 102.634 8.078
201706 6.136 103.029 7.952
201709 5.945 103.345 7.681
201712 6.163 103.345 7.963
201803 5.779 105.004 7.349
201806 6.220 105.557 7.868
201809 6.260 105.636 7.913
201812 6.897 105.399 8.738
201903 7.044 106.979 8.792
201906 7.245 107.690 8.983
201909 7.609 107.611 9.441
201912 7.739 107.769 9.589
202003 7.527 107.927 9.312
202006 7.757 108.401 9.555
202009 7.668 108.164 9.466
202012 7.945 108.559 9.772
202103 8.540 110.298 10.339
202106 8.936 111.720 10.680
202109 8.908 112.905 10.535
202112 9.512 113.774 11.163
202203 9.551 117.646 10.840
202206 9.808 120.806 10.841
202209 9.975 120.648 11.040
202212 9.244 120.964 10.204
202303 9.301 122.702 10.122
202306 8.976 124.203 9.650
202309 8.858 125.230 9.445
202312 8.590 125.072 9.171
202403 8.134 126.258 8.602
202406 8.872 127.522 9.290
202409 7.005 127.285 7.349
202412 7.328 127.364 7.683
202503 5.813 129.181 6.009
202506 5.323 129.892 5.472
202509 5.260 130.287 5.391
202512 5.233 130.366 5.360
202603 5.320 132.262 5.371
202606 5.288 133.527 5.288

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 Algonquin Power & Utilities (XBUL:751) Overvalued in 2026?

Based on GuruFocus' analysis, Algonquin Power & Utilities stock appears to be undervalued. The current stock price of €5.07 is trading 1.7% below its estimated GF Value™ of €5.16. GuruFocus considers Algonquin Power & Utilities to be Fairly Valued.

Key valuation signals for XBUL:751:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €5.16 vs. price of €5.07 (1.7% below fair value)
  • GF Score™: 57/100 with 6 warning signs

No single metric tells the full story. See the XBUL:751 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Algonquin Power & Utilities Business Description

Address 354 Davis Road, Oakville, ON, CAN, L6J 2X1
Algonquin Power & Utilities Corp is a Canada-based diversified international generation, transmission, and distribution company. The company's operations are organized across two business units: the Regulated Services Group, which owns and operates a portfolio of regulated electric, water distribution, and wastewater collection, and natural gas utility systems and transmission operations in the United States, Canada, Bermuda, and Chile; and the Hydro Group, which consists of hydroelectric-generating facilities located in Canada. It generates the majority of its revenue from the Regulated Services Group segment.
57GF Score

Get the complete analysis for XBUL:751

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

€5.07
Price
€5.16
GF Value