Naturgy Chile Gas Natural (XSGO:NTGCLGAS) Cyclically Adjusted PB Ratio: 1.24 (As of Aug. 30, 2026) — Near Median

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XSGO:NTGCLGAS Naturgy Chile Gas Natural SA XSGO:NTGCLGAS
54 GF Score
Price CLP637.31
GF Value CLP404.63
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Naturgy Chile Gas Natural Cyclically Adjusted PB Ratio?

Naturgy Chile Gas Natural XSGO:NTGCLGAS 54 Cyclically Adjusted PB Ratio is 1.24 as of Aug. 30, 2026, which is 2% above its 10-year median of 1.21. GuruFocus rates XSGO:NTGCLGAS with a GF Score™ of 54/100 and a GF Value™ of CLP404.63 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 424 Utilities - Regulated companies, Naturgy Chile Gas Natural ranks better than 60.38% on this metric.

As of today (2026-08-30), Naturgy Chile Gas Natural's current share price is CLP637.31. Naturgy Chile Gas Natural's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was CLP513.10. Naturgy Chile Gas Natural's Cyclically Adjusted PB Ratio for today is 1.24.

The historical rank and industry rank for Naturgy Chile Gas Natural's Cyclically Adjusted PB Ratio or its related term are showing as below:

XSGO:NTGCLGAS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 1.21   Max: 1.24
Current: 1.24

During the past years, Naturgy Chile Gas Natural's highest Cyclically Adjusted PB Ratio was 1.24. The lowest was 1.16. And the median was 1.21.

XSGO:NTGCLGAS's Cyclically Adjusted PB Ratio is ranked better than
60.38% of 424 companies
in the Utilities - Regulated industry
Industry Median: 1.53 vs XSGO:NTGCLGAS: 1.24

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.

Naturgy Chile Gas Natural's adjusted book value per share data for the three months ended in Jun. 2026 was CLP494.297. 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 CLP513.10 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Naturgy Chile Gas Natural  (XSGO:NTGCLGAS) 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.


Naturgy Chile Gas Natural Cyclically Adjusted PB Ratio Related Terms


Naturgy Chile Gas Natural Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Naturgy Chile Gas Natural'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.

Naturgy Chile Gas Natural Cyclically Adjusted PB Ratio Chart

Naturgy Chile Gas Natural 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 0.00 0.00 0.00 0.00 0.00

Naturgy Chile Gas Natural 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 0.00 0.00 0.00 1.19 1.18

XSGO:NTGCLGAS vs SRE: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, Naturgy Chile Gas Natural'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.


Naturgy Chile Gas Natural Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Naturgy Chile Gas Natural's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Naturgy Chile Gas Natural's Cyclically Adjusted PB Ratio falls into.


XSGO:NTGCLGAS
54GF Score
Naturgy Chile Gas Natural SA XSGO:NTGCLGAS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Naturgy Chile Gas Natural 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.

Naturgy Chile Gas Natural's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=637.31/513.10
=1.24

* 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.

Naturgy Chile Gas Natural's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Naturgy Chile Gas Natural'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)
=494.297/162.5100*162.5100
=494.297

Current CPI (Jun. 2026) = 162.5100.

Naturgy Chile Gas Natural Quarterly Data

Book Value per Share CPI Adj_Book
201609 737.889 104.521 1,147.278
201612 289.569 104.532 450.178
201703 292.221 105.752 449.059
201706 284.272 105.730 436.934
201709 292.698 106.035 448.590
201712 787.670 106.907 1,197.343
201803 288.632 107.670 435.644
201806 296.213 108.421 443.986
201809 0.000 109.369 0.000
201812 330.164 109.653 489.318
201903 324.153 110.339 477.421
201906 335.476 111.352 489.602
201909 345.454 111.821 502.051
201912 337.305 112.943 485.337
202003 346.451 114.468 491.855
202006 339.775 114.283 483.158
202009 374.845 115.275 528.443
202012 346.144 116.299 483.684
202103 349.887 117.770 482.808
202106 352.815 118.630 483.316
202109 364.581 121.431 487.917
202112 348.686 124.634 454.651
202203 348.478 128.850 439.511
202206 367.618 133.448 447.676
202209 323.664 138.101 380.872
202212 393.558 140.574 454.971
202303 397.131 143.145 450.855
202306 411.601 143.538 466.005
202309 434.708 145.172 486.626
202312 409.091 146.109 455.013
202403 416.394 148.551 455.523
202406 478.069 149.592 519.352
202409 508.024 151.212 545.981
202412 494.765 152.774 526.294
202503 502.339 155.783 524.031
202506 503.303 155.754 525.134
202509 529.513 157.870 545.076
202512 457.290 158.040 470.224
202603 468.170 160.190 474.950
202606 494.297 162.510 494.297

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 1.24 mean?
Naturgy Chile Gas Natural (XSGO:NTGCLGAS) has a Cyclically Adjusted PB Ratio of 1.24 as of Aug. 30, 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 Naturgy Chile Gas Natural and its competitors. This is near median its historical median of 1.21. Over the past decade, Naturgy Chile Gas Natural's Cyclically Adjusted PB Ratio has ranged from 1.16 to 1.24. According to the industry distribution chart, Naturgy Chile Gas Natural ranks #168 out of 424 companies in the Utilities - Regulated industry, placing it in the top 39.6%.
Is Naturgy Chile Gas Natural's Cyclically Adjusted PB Ratio too high?
Naturgy Chile Gas Natural's current Cyclically Adjusted PB Ratio of 1.24 is near median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 1.24. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Naturgy Chile Gas Natural's value of 1.24 is 19% below this industry median. Based on the distribution chart, Naturgy Chile Gas Natural ranks #168 out of 424 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Naturgy Chile Gas Natural has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naturgy Chile Gas Natural's Cyclically Adjusted PB Ratio compare to SRE?
According to the Utilities - Regulated industry distribution chart, Naturgy Chile Gas Natural ranks #168 out of 424 companies for Cyclically Adjusted PB Ratio. This puts Naturgy Chile Gas Natural in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Naturgy Chile Gas Natural's value of 1.24 is 19% below this benchmark. Historically, Naturgy Chile Gas Natural's own Cyclically Adjusted PB Ratio has ranged from 1.16 to 1.24 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 1.53, Naturgy Chile Gas Natural 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 1.53, 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. Naturgy Chile Gas Natural's current Cyclically Adjusted PB Ratio of 1.24 is 19% 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 Naturgy Chile Gas Natural and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naturgy Chile Gas Natural's current Cyclically Adjusted PB Ratio is 1.24, which is near median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naturgy Chile Gas Natural stock overvalued right now?
Based on GuruFocus' analysis, Naturgy Chile Gas Natural (XSGO:NTGCLGAS) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP404.63, compared to a current price of CLP637.31 — trading 57.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.24, which is near median its 10-year median of 1.21 and 19% below the Utilities - Regulated industry median of 1.53. Naturgy Chile Gas Natural's overall GF Score™ is 54/100 with 6 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 Naturgy Chile Gas Natural (XSGO:NTGCLGAS), the current Cyclically Adjusted PB Ratio is 1.24 as of Aug. 30, 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 Naturgy Chile Gas Natural (XSGO:NTGCLGAS) Overvalued in 2026?

Based on GuruFocus' analysis, Naturgy Chile Gas Natural stock appears to be overvalued. The current stock price of CLP637.31 is trading 57.5% above its estimated GF Value™ of CLP404.63. GuruFocus considers Naturgy Chile Gas Natural to be Significantly Overvalued.

Key valuation signals for XSGO:NTGCLGAS:

  • Cyclically Adjusted PB Ratio: 1.24 (near median its 10-year median of 1.21)
  • GF Value™: CLP404.63 vs. price of CLP637.31 (57.5% above fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 19% below the Utilities - Regulated median (#168 of 424)

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


Naturgy Chile Gas Natural Business Description

Address Av. Presidente Riesco 5561, 17th Floor, Las Condes, Santiago, CHL, 8340434
Naturgy Chile Gas Natural SA engages in the generation, distribution, and maintenance of electricity. The company also sells liquefied gas and natural gas in Chile, Colombia, and Argentina.
54GF Score

Get the complete analysis for XSGO:NTGCLGAS

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

CLP637.31
Price
CLP404.63
GF Value