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PG&E (XSWX:PCG) Cyclically Adjusted PB Ratio : (As of Jun. 25, 2025)


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What is PG&E Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


PG&E Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PG&E'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.

* Premium members only.

PG&E Cyclically Adjusted PB Ratio Chart

PG&E Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.39 0.54 0.64 0.77

PG&E Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.60 0.63 0.74 0.77 0.67

Competitive Comparison of PG&E's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Electric subindustry, PG&E'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.


PG&E's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where PG&E's Cyclically Adjusted PB Ratio falls into.


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PG&E 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.

PG&E's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PG&E's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=54.609/134.9266*134.9266
=54.609

Current CPI (Mar. 2025) = 134.9266.

PG&E Quarterly Data

Book Value per Share CPI Adj_Book
201506 31.705 100.684 42.488
201509 34.212 100.392 45.981
201512 35.024 99.792 47.355
201603 34.607 100.470 46.475
201606 34.473 101.688 45.741
201609 35.861 101.861 47.502
201612 38.832 101.863 51.437
201703 39.029 102.862 51.195
201706 38.315 103.349 50.022
201709 38.900 104.136 50.402
201712 40.280 104.011 52.253
201803 39.717 105.290 50.897
201806 39.539 106.317 50.179
201809 39.978 106.507 50.646
201812 26.645 105.998 33.917
201903 27.356 107.251 34.415
201906 21.696 108.070 27.088
201909 18.382 108.329 22.895
201912 10.716 108.420 13.336
202003 11.217 108.902 13.898
202006 7.169 108.767 8.893
202009 40.431 109.815 49.676
202012 39.616 109.897 48.639
202103 41.711 111.754 50.360
202106 41.534 114.631 48.887
202109 40.120 115.734 46.773
202112 41.011 117.630 47.042
202203 42.216 121.301 46.958
202206 44.842 125.017 48.397
202209 45.950 125.227 49.509
202212 45.147 125.222 48.646
202303 45.855 127.348 48.584
202306 45.432 128.729 47.619
202309 46.096 129.860 47.895
202312 45.981 129.419 47.938
202403 48.550 131.776 49.711
202406 49.825 132.554 50.717
202409 48.272 133.029 48.961
202412 54.088 133.157 54.807
202503 54.609 134.927 54.609

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.


PG&E  (XSWX:PCG) 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.


PG&E Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PG&E's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PG&E Business Description

Industry
Address
300 Lakeside Drive, Oakland, CA, USA, 94612
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.