Enel SpA (WBO:ENEL) Cyclically Adjusted PS Ratio: (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

WBO:ENEL Enel SpA WBO:ENEL
75 GF Score
Price €9.98
GF Value €8.14
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Enel SpA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Enel SpA  (WBO:ENEL) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Enel SpA Cyclically Adjusted PS Ratio Related Terms


Enel SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Enel SpA's Cyclically Adjusted PS 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.

Enel SpA Cyclically Adjusted PS Ratio Chart

Enel SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.61 0.82 0.85 1.12

Enel SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 1.00 1.01 1.12 1.17 0.00

WBO:ENEL vs SRE: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Diversified subindustry, Enel SpA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Enel SpA Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Enel SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Enel SpA's Cyclically Adjusted PS Ratio falls into.


WBO:ENEL
75GF Score
Enel SpA WBO:ENEL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Enel SpA Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Enel SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Enel SpA's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.78/126.4000*126.4000
=1.780

Current CPI (Jun. 2026) = 126.4000.

Enel SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.797 100.100 2.269
201612 1.691 100.300 2.131
201703 1.970 101.000 2.465
201706 1.492 101.100 1.865
201709 1.942 101.200 2.426
201712 1.772 101.200 2.213
201803 1.783 101.800 2.214
201806 1.676 102.400 2.069
201809 2.038 102.600 2.511
201812 0.564 102.300 0.697
201903 1.627 102.800 2.001
201906 1.517 103.100 1.860
201909 2.580 102.900 3.169
201912 0.280 102.800 0.344
202003 1.465 102.900 1.800
202006 1.236 102.900 1.518
202009 1.375 102.300 1.699
202012 1.325 102.600 1.632
202103 1.538 103.700 1.875
202106 1.366 104.200 1.657
202109 1.585 104.900 1.910
202112 2.303 106.600 2.731
202203 2.436 110.400 2.789
202206 2.282 112.500 2.564
202209 2.922 114.200 3.234
202212 2.438 119.000 2.590
202303 2.250 118.800 2.394
202306 1.867 119.700 1.972
202309 1.858 120.300 1.952
202312 2.158 119.700 2.279
202403 1.910 120.200 2.009
202406 1.683 120.700 1.762
202409 1.609 121.200 1.678
202412 1.769 121.200 1.845
202503 1.803 122.500 1.860
202506 1.653 122.700 1.703
202509 1.375 123.100 1.412
202512 1.916 122.600 1.975
202603 1.797 124.560 1.824
202606 1.780 126.400 1.780

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Enel SpA (WBO:ENEL) Overvalued in 2026?

Based on GuruFocus' analysis, Enel SpA stock appears to be overvalued. The current stock price of €9.98 is trading 22.7% above its estimated GF Value™ of €8.14. GuruFocus considers Enel SpA to be Modestly Overvalued.

Key valuation signals for WBO:ENEL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €8.14 vs. price of €9.98 (22.7% above fair value)
  • GF Score™: 75/100 with 10 warning signs

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


Enel SpA Business Description

Address Viale Regina Margherita, 137, Rome, ITA, 00198
Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 35% of the company's EBITDA is derived from its regulated networks, the rest is from generation and supply. Enel is a giant in global power generation with 81 gigawatts of capacity, of which 56 GW is renewables, including a large share of hydro.
75GF Score

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

€9.98
Price
€8.14
GF Value