Duke Energy (XBUL:D2MN) Cyclically Adjusted PB Ratio: 1.72 (As of Aug. 12, 2026) — 17% Above Median

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XBUL:D2MN Duke Energy Corp XBUL:D2MN
76 GF Score
Price лв101.92
GF Value лв103.45
! 7 Warning Signs
View Full Analysis

What is Duke Energy Cyclically Adjusted PB Ratio?

Duke Energy XBUL:D2MN 76 Cyclically Adjusted PB Ratio is 1.72 as of Aug. 12, 2026, which is 17% above its 10-year median of 1.47. GuruFocus rates XBUL:D2MN with a GF Score™ of 76/100 and a GF Value™ of лв103.45. The stock has 7 warning signs investors should review. Among 433 Utilities - Regulated companies, Duke Energy ranks worse than 57.04% on this metric.

As of today (2026-08-12), 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: 1.67

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
57.04% of 433 companies
in the Utilities - Regulated industry
Industry Median: 1.51 vs XBUL:D2MN: 1.67

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 лв118.568. 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
76GF 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)
=118.568/333.9520*333.9520
=118.568

Current CPI (Jun. 2026) = 333.9520.

Duke Energy Quarterly Data

Book Value per Share CPI Adj_Book
201609 100.938 241.428 139.621
201612 100.678 241.432 139.259
201703 101.053 243.801 138.420
201706 101.301 244.955 138.106
201709 102.149 246.819 138.210
201712 102.410 246.524 138.729
201803 102.393 249.554 137.022
201806 102.537 251.989 135.889
201809 103.568 252.439 137.010
201812 103.516 251.233 137.599
201903 103.938 254.202 136.546
201906 104.372 256.143 136.077
201909 104.840 256.759 136.359
201912 105.112 256.974 136.599
202003 105.058 258.115 135.925
202006 101.700 257.797 131.743
202009 102.780 260.280 131.872
202012 102.742 260.474 131.725
202103 103.209 264.877 130.124
202106 103.117 271.696 126.745
202109 105.742 274.310 128.733
202112 105.717 278.802 126.629
202203 105.914 287.504 123.025
202206 106.526 296.311 120.058
202209 107.920 296.808 121.426
202212 105.638 296.797 118.862
202303 105.363 301.836 116.574
202306 103.298 305.109 113.063
202309 104.933 307.789 113.853
202312 105.070 306.746 114.389
202403 105.874 312.332 113.203
202406 106.253 314.175 112.942
202409 107.144 315.301 113.482
202412 108.792 315.605 115.116
202503 109.849 319.799 114.710
202506 110.199 322.561 114.091
202509 111.513 324.800 114.655
202512 112.347 324.054 115.779
202603 118.038 330.213 119.375
202606 118.568 333.952 118.568

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. 12, 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 #247 out of 433 companies in the Utilities - Regulated industry, placing it in the top 57%.
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 1.51. Duke Energy's value of 1.72 is 13.9% above this industry median. Based on the distribution chart, Duke Energy ranks #247 out of 433 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Duke Energy has a GF Score™ of 76/100, 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 #247 out of 433 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 1.51. Duke Energy's value of 1.72 is 13.9% 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 1.51, 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 1.51, based on 433 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 13.9% 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 1.51 — 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 лв103.45, compared to a current price of лв101.92 — trading 1.5% 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 13.9% above the Utilities - Regulated industry median of 1.51. Duke Energy's overall GF Score™ is 76/100 with 7 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. 12, 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 1.5% below its estimated GF Value™ of лв103.45.

Key valuation signals for XBUL:D2MN:

  • Cyclically Adjusted PB Ratio: 1.72 (17% above median its 10-year median of 1.47)
  • GF Value™: лв103.45 vs. price of лв101.92 (1.5% below fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 13.9% above the Utilities - Regulated median (#247 of 433)

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.
76GF 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
лв103.45
GF Value