Duke Energy (XBUL:D2MN) Cyclically Adjusted PB Ratio: 1.72 (As of Aug. 19, 2026) — 17% Above Median

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XBUL:D2MN Duke Energy Corp XBUL:D2MN
71 GF Score
Price лв101.92
GF Value лв102.32
! 8 Warning Signs
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What is Duke Energy Cyclically Adjusted PB Ratio?

Duke Energy XBUL:D2MN 71 Cyclically Adjusted PB Ratio is 1.72 as of Aug. 19, 2026, which is 17% above its 10-year median of 1.47. GuruFocus rates XBUL:D2MN with a GF Score™ of 71/100 and a GF Value™ of лв102.32. The stock has 8 warning signs investors should review. Among 428 Utilities - Regulated companies, Duke Energy ranks worse than 57.24% on this metric.

As of today (2026-08-19), Duke Energy's current share price is лв101.92. Duke Energy's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was лв59.33. Duke Energy's Cyclically Adjusted PB Ratio for today is 1.72.

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

XBUL:D2MN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.47   Max: 1.85
Current: 1.68

During the past years, Duke Energy's highest Cyclically Adjusted PB Ratio was 1.85. The lowest was 1.11. And the median was 1.47.

XBUL:D2MN's Cyclically Adjusted PB Ratio is ranked worse than
57.24% of 428 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs XBUL:D2MN: 1.68

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.

Duke Energy's adjusted book value per share data for the three months ended in Jun. 2026 was лв116.958. 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 лв59.33 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Duke Energy  (XBUL:D2MN) 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.


Duke Energy Cyclically Adjusted PB Ratio Related Terms


Duke Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Duke Energy'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.

Duke Energy Cyclically Adjusted PB Ratio Chart

Duke Energy 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 1.58 1.47 1.37 1.51 1.63

Duke Energy 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 1.63 1.71 1.63 1.79 1.72

XBUL:D2MN vs SO, AEP, D: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Duke Energy'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.


Duke Energy Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


XBUL:D2MN
71GF Score
Duke Energy Corp XBUL:D2MN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Duke Energy 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.

Duke Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=101.92/59.33
=1.72

* 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.

Duke Energy's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Duke Energy'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)
=116.958/333.9520*333.9520
=116.958

Current CPI (Jun. 2026) = 333.9520.

Duke Energy Quarterly Data

Book Value per Share CPI Adj_Book
201609 99.695 241.428 137.902
201612 99.439 241.432 137.545
201703 99.809 243.801 136.716
201706 100.054 244.955 136.406
201709 100.891 246.819 136.508
201712 101.150 246.524 137.022
201803 101.132 249.554 135.334
201806 101.275 251.989 134.216
201809 102.294 252.439 135.325
201812 102.242 251.233 135.905
201903 102.658 254.202 134.865
201906 103.087 256.143 134.402
201909 103.549 256.759 134.680
201912 103.819 256.974 134.919
202003 103.765 258.115 134.252
202006 100.448 257.797 130.121
202009 101.515 260.280 130.249
202012 101.478 260.474 130.104
202103 101.939 264.877 128.523
202106 101.848 271.696 125.185
202109 104.440 274.310 127.148
202112 104.416 278.802 125.071
202203 104.611 287.504 121.512
202206 105.214 296.311 118.580
202209 106.591 296.808 119.930
202212 104.338 296.797 117.400
202303 104.066 301.836 115.139
202306 102.026 305.109 111.671
202309 103.641 307.789 112.451
202312 103.777 306.746 112.981
202403 104.570 312.332 111.808
202406 104.945 314.175 111.551
202409 105.825 315.301 112.085
202412 107.453 315.605 113.700
202503 108.497 319.799 113.299
202506 108.842 322.561 112.686
202509 110.140 324.800 113.243
202512 110.964 324.054 114.353
202603 116.585 330.213 117.905
202606 116.958 333.952 116.958

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.

What does a Cyclically Adjusted PB Ratio of 1.72 mean?
Duke Energy (XBUL:D2MN) has a Cyclically Adjusted PB Ratio of 1.72 as of Aug. 19, 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 Duke Energy and its competitors. This is 17% above median its historical median of 1.47. Over the past decade, Duke Energy's Cyclically Adjusted PB Ratio has ranged from 1.11 to 1.85. According to the industry distribution chart, Duke Energy ranks #245 out of 428 companies in the Utilities - Regulated industry, placing it in the top 57.2%.
Is Duke Energy's Cyclically Adjusted PB Ratio too high?
Duke Energy's current Cyclically Adjusted PB Ratio of 1.72 is 17% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 1.85. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Duke Energy's value of 1.72 is 13.2% above this industry median. Based on the distribution chart, Duke Energy ranks #245 out of 428 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Duke Energy has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Duke Energy's Cyclically Adjusted PB Ratio compare to SO and AEP?
According to the Utilities - Regulated industry distribution chart, Duke Energy ranks #245 out of 428 companies for Cyclically Adjusted PB Ratio. This places Duke Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Duke Energy's value of 1.72 is 13.2% above this benchmark. Historically, Duke Energy's own Cyclically Adjusted PB Ratio has ranged from 1.11 to 1.85 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 1.52, Duke Energy has consistently been above 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 428 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. Duke Energy's current Cyclically Adjusted PB Ratio of 1.72 is 13.2% above 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 Duke Energy and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Duke Energy's current Cyclically Adjusted PB Ratio is 1.72, which is 17% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duke Energy stock overvalued right now?
Duke Energy (XBUL:D2MN) has a current Cyclically Adjusted PB Ratio of 1.72. The stock's GF Value™ is лв102.32, compared to a current price of лв101.92 — trading 0.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.72, which is 17% above median its 10-year median of 1.47 and 13.2% above the Utilities - Regulated industry median of 1.52. Duke Energy's overall GF Score™ is 71/100 with 8 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 Duke Energy (XBUL:D2MN), the current Cyclically Adjusted PB Ratio is 1.72 as of Aug. 19, 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 Duke Energy (XBUL:D2MN) Overvalued in 2026?

Based on GuruFocus' analysis, Duke Energy stock appears to be undervalued. The current stock price of лв101.92 is trading 0.4% below its estimated GF Value™ of лв102.32.

Key valuation signals for XBUL:D2MN:

  • Cyclically Adjusted PB Ratio: 1.72 (17% above median its 10-year median of 1.47)
  • GF Value™: лв102.32 vs. price of лв101.92 (0.4% below fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 13.2% above the Utilities - Regulated median (#245 of 428)

No single metric tells the full story. See the XBUL:D2MN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Duke Energy Business Description

Address 525 South Tryon Street, Charlotte, NC, USA, 28202
Duke Energy is one of the largest US utilities, with subsidiaries in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to more than 8 million customers. Its natural gas utilities serve more than 1.6 million customers.
71GF Score

Get the complete analysis for XBUL:D2MN

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

лв101.92
Price
лв102.32
GF Value