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.
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.
The historical rank and industry rank for Neoenergia's Cyclically Adjusted PB Ratio or its related term are showing as below:
XMAD:XNEO'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 0.84 Max: 1.22
Current: 1.14
During the past years, Neoenergia's highest Cyclically Adjusted PB Ratio was 1.22. The lowest was 0.55. And the median was 0.84.
XMAD:XNEO's Cyclically Adjusted PB Ratio is not ranked
in the Utilities - Regulated industry.
Industry Median: 1.52
vs XMAD:XNEO: 1.14
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.
Neoenergia's adjusted book value per share data for the three months ended in Jun. 2026 was €5.256. 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 €4.76 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Neoenergia (XMAD:XNEO) 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.
Neoenergia Cyclically Adjusted PB Ratio Related Terms
Neoenergia Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Neoenergia'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.
XMAD:XNEO vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison
For the Utilities - Regulated Electric subindustry, Neoenergia'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.
Neoenergia Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Neoenergia's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Neoenergia's Cyclically Adjusted PB Ratio falls into.
Neoenergia 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.
Neoenergia's Cyclically Adjusted PB Ratio for today is calculated as
* 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 1.14 mean?
Neoenergia (XMAD:XNEO) has a Cyclically Adjusted PB Ratio of 1.14 as of Sep. 02, 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 Neoenergia and its competitors. This is 36% above median its historical median of 0.84. Over the past decade, Neoenergia's Cyclically Adjusted PB Ratio has ranged from 0.55 to 1.22.
Is Neoenergia's Cyclically Adjusted PB Ratio too high?
Neoenergia's current Cyclically Adjusted PB Ratio of 1.14 is 36% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.22. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Neoenergia's value of 1.14 is 25% below this industry median. Overall, Neoenergia has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Neoenergia's Cyclically Adjusted PB Ratio compare to NEE and SO?
Neoenergia's Cyclically Adjusted PB Ratio of 1.14 can be compared against companies in the Utilities - Regulated industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Neoenergia's value of 1.14 is 25% below this benchmark. Historically, Neoenergia's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 1.22 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.52, Neoenergia 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 424 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. Neoenergia's current Cyclically Adjusted PB Ratio of 1.14 is 25% 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 Neoenergia 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. Neoenergia's current Cyclically Adjusted PB Ratio is 1.14, which is 36% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neoenergia stock overvalued right now?
Neoenergia (XMAD:XNEO) has a current Cyclically Adjusted PB Ratio of 1.14. The stock's GF Value™ is €3.71, compared to a current price of €5.45 — trading 46.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.14, which is 36% above median its 10-year median of 0.84 and 25% below the Utilities - Regulated industry median of 1.52. Neoenergia's overall GF Score™ is 77/100 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 Neoenergia (XMAD:XNEO), the current Cyclically Adjusted PB Ratio is 1.14 as of Sep. 02, 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 Neoenergia (XMAD:XNEO) Overvalued in 2026?
Based on GuruFocus' analysis, Neoenergia stock appears to be overvalued.
The current stock price of €5.45 is trading 46.9% above its estimated GF Value™ of €3.71.
Key valuation signals for XMAD:XNEO:
Cyclically Adjusted PB Ratio: 1.14 (36% above median its 10-year median of 0.84)
GF Value™: €3.71 vs. price of €5.45 (46.9% above fair value)
Industry Position: 25% below the Utilities - Regulated median
No single metric tells the full story. See the XMAD:XNEO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neoenergia SA is principally dedicated to the activities of distribution, transmission, generation, and commercialization of electricity. The main activities of the operating segments are as follows: (i) Networks - comprising business lines related to concessions for electricity distribution and transmission services; (ii) Renewables - comprising activities related to concessions for electricity generation services from renewable natural sources, such as wind farms, solar farms and hydroelectric plants; (iii) Liberalized - comprising electricity generation activities from thermal power plants and energy trading activities; and (iv) Other - including corporate and operational support activities. The company generates the majority of its revenue from Networks segment.
77GF Score
Get the complete analysis for XMAD:XNEO
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XMAD:XNEO has been successfully added to your 
