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Orsted AS (XTER:D2G) Cyclically Adjusted PB Ratio : 1.33 (As of Jun. 03, 2025)


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What is Orsted AS Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Orsted AS's current share price is €35.65. Orsted AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €26.75. Orsted AS's Cyclically Adjusted PB Ratio for today is 1.33.

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

XTER:D2G' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 1.77   Max: 2.31
Current: 1.34

During the past years, Orsted AS's highest Cyclically Adjusted PB Ratio was 2.31. The lowest was 1.24. And the median was 1.77.

XTER:D2G's Cyclically Adjusted PB Ratio is ranked worse than
59.26% of 270 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.06 vs XTER:D2G: 1.34

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.

Orsted AS's adjusted book value per share data for the three months ended in Mar. 2025 was €27.635. 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 €26.75 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orsted AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Orsted AS'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.

Orsted AS Cyclically Adjusted PB Ratio Chart

Orsted AS 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 - - - - 1.64

Orsted AS 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 - 1.90 2.27 1.64 1.51

Competitive Comparison of Orsted AS's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, Orsted AS'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.


Orsted AS's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Orsted AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Orsted AS 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.

Orsted AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.65/26.75
=1.33

* 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.

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

For example, Orsted AS'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)
=27.635/120.2000*120.2000
=27.635

Current CPI (Mar. 2025) = 120.2000.

Orsted AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 100.300 0.000
201509 0.000 100.200 0.000
201512 14.402 99.800 17.346
201603 16.169 100.200 19.396
201606 15.731 100.600 18.796
201609 16.689 100.200 20.020
201612 16.750 100.300 20.073
201703 16.982 101.200 20.170
201706 18.314 101.200 21.752
201709 19.279 101.800 22.764
201712 21.757 101.300 25.816
201803 21.442 101.700 25.342
201806 21.120 102.300 24.815
201809 20.822 102.400 24.441
201812 26.079 102.100 30.702
201903 26.291 102.900 30.711
201906 26.514 102.900 30.972
201909 26.860 102.900 31.376
201912 27.513 102.900 32.139
202003 27.382 103.300 31.862
202006 26.510 103.200 30.877
202009 29.983 103.500 34.821
202012 30.273 103.400 35.192
202103 30.025 104.300 34.602
202106 30.026 105.000 34.373
202109 24.361 105.800 27.677
202112 26.262 106.600 29.612
202203 23.582 109.900 25.792
202206 18.571 113.600 19.650
202209 16.108 116.400 16.634
202212 29.279 115.900 30.365
202303 31.440 117.300 32.217
202306 32.424 116.400 33.483
202309 24.372 117.400 24.953
202312 24.228 116.700 24.955
202403 26.011 118.400 26.406
202406 25.264 118.500 25.626
202409 27.748 118.900 28.051
202412 26.514 118.900 26.804
202503 27.635 120.200 27.635

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.


Orsted AS  (XTER:D2G) 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.


Orsted AS Cyclically Adjusted PB Ratio Related Terms

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


Orsted AS Business Description

Traded in Other Exchanges
Address
Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000
Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 9.9 gigawatts of offshore wind farms at the end of 2024. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the US. Orsted also operates 4.8 GW of onshore wind and solar assets concentrated in the United States. The company is involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.

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