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Endesa (XMAD:ELE) Cyclically Adjusted Book per Share : €9.83 (As of Dec. 2023)


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What is Endesa Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Endesa's adjusted book value per share for the three months ended in Dec. 2023 was €6.629. 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 €9.83 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Endesa's average Cyclically Adjusted Book Growth Rate was -12.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -10.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -8.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Endesa was -5.50% per year. The lowest was -10.10% per year. And the median was -8.00% per year.

As of today (2024-04-27), Endesa's current stock price is €17.055. Endesa's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €9.83. Endesa's Cyclically Adjusted PB Ratio of today is 1.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Endesa was 2.01. The lowest was 1.14. And the median was 1.57.


Endesa Cyclically Adjusted Book per Share Historical Data

The historical data trend for Endesa's Cyclically Adjusted Book per Share 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.

Endesa Cyclically Adjusted Book per Share Chart

Endesa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.50 13.51 12.77 11.29 9.83

Endesa Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 11.29 10.96 10.62 10.25 9.83

Competitive Comparison of Endesa's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Endesa'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.


Endesa's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

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



Endesa Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Endesa's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6.629/121.2698*121.2698
=6.629

Current CPI (Dec. 2023) = 121.2698.

Endesa Quarterly Data

Book Value per Share CPI Adj_Book
201403 19.583 100.139 23.715
201406 19.982 101.081 23.973
201409 20.229 100.441 24.424
201412 8.100 100.251 9.798
201503 8.509 99.474 10.373
201506 8.520 101.138 10.216
201509 8.822 99.559 10.746
201512 8.535 100.268 10.323
201603 8.857 98.638 10.889
201606 8.701 100.333 10.517
201609 9.210 99.737 11.198
201612 8.455 101.842 10.068
201703 8.688 100.896 10.442
201706 8.400 101.848 10.002
201709 8.809 101.524 10.522
201712 8.591 102.975 10.117
201803 8.954 102.122 10.633
201806 8.685 104.165 10.111
201809 9.041 103.818 10.561
201812 8.536 104.193 9.935
201903 9.002 103.488 10.549
201906 8.452 104.612 9.798
201909 7.873 103.905 9.189
201912 7.261 105.015 8.385
202003 8.114 103.469 9.510
202006 7.645 104.254 8.893
202009 7.915 103.521 9.272
202012 6.910 104.456 8.022
202103 7.513 104.857 8.689
202106 6.492 107.102 7.351
202109 6.474 107.669 7.292
202112 5.082 111.298 5.537
202203 4.508 115.153 4.747
202206 3.888 118.044 3.994
202209 1.656 117.221 1.713
202212 5.249 117.650 5.410
202303 6.707 118.948 6.838
202306 5.887 120.278 5.936
202309 6.854 121.343 6.850
202312 6.629 121.270 6.629

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Endesa  (XMAD:ELE) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Endesa's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.055/9.83
=1.73

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Endesa was 2.01. The lowest was 1.14. And the median was 1.57.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Endesa Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Endesa's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Endesa (XMAD:ELE) Business Description

Industry
Traded in Other Exchanges
Address
Ribera del Loira 60, Madrid, ESP, 28042
Endesa generates, distributes, and supplies electricity in Spain and Portugal. The company has 22 gigawatts of installed generation capacity split among hydroelectric, nuclear, coal, natural gas, oil, solar, and wind. Endesa also supplies gas to retail and business customers in Spain and France.

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