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Exelon (Exelon) Cyclically Adjusted PB Ratio : 1.07 (As of Apr. 27, 2024)


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What is Exelon Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Exelon's current share price is $37.32. Exelon's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $34.95. Exelon's Cyclically Adjusted PB Ratio for today is 1.07.

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

EXC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.1   Max: 1.47
Current: 1.07

During the past years, Exelon's highest Cyclically Adjusted PB Ratio was 1.47. The lowest was 0.76. And the median was 1.10.

EXC's Cyclically Adjusted PB Ratio is ranked better than
62.27% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.39 vs EXC: 1.07

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.

Exelon's adjusted book value per share data for the three months ended in Dec. 2023 was $25.781. 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 $34.95 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Exelon Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Exelon'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.

Exelon Cyclically Adjusted PB Ratio Chart

Exelon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 0.99 1.24 1.25 1.03

Exelon Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.25 1.20 1.16 1.07 1.03

Competitive Comparison of Exelon's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Electric subindustry, Exelon'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.


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

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

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



Exelon 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.

Exelon's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.32/34.95
=1.07

* 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.

Exelon's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Exelon'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)
=25.781/129.4194*129.4194
=25.781

Current CPI (Dec. 2023) = 129.4194.

Exelon Quarterly Data

Book Value per Share CPI Adj_Book
201403 26.281 99.695 34.117
201406 26.598 100.560 34.231
201409 27.453 100.428 35.378
201412 26.288 99.070 34.341
201503 26.781 99.621 34.792
201506 27.281 100.684 35.067
201509 28.024 100.392 36.127
201512 28.036 99.792 36.360
201603 28.983 100.470 37.334
201606 27.909 101.688 35.520
201609 28.190 101.861 35.817
201612 27.962 101.863 35.527
201703 28.647 102.862 36.043
201706 28.691 103.349 35.928
201709 29.245 104.136 36.346
201712 31.045 104.011 38.629
201803 31.315 105.290 38.492
201806 31.592 106.317 38.457
201809 32.078 106.507 38.979
201812 31.757 105.998 38.774
201903 32.295 107.251 38.970
201906 32.471 108.070 38.886
201909 32.942 108.329 39.355
201912 33.118 108.420 39.532
202003 33.335 108.902 39.616
202006 33.559 108.767 39.931
202009 33.707 109.815 39.724
202012 33.386 109.897 39.317
202103 32.763 111.754 37.942
202106 32.869 114.631 37.109
202109 34.601 115.734 38.692
202112 35.131 117.630 38.652
202203 23.965 121.301 25.569
202206 24.127 125.017 24.977
202209 24.737 125.227 25.565
202212 24.893 125.222 25.727
202303 25.203 127.348 25.613
202306 25.199 128.729 25.334
202309 25.587 129.860 25.500
202312 25.781 129.419 25.781

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.


Exelon  (NAS:EXC) 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.


Exelon Cyclically Adjusted PB Ratio Related Terms

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


Exelon (Exelon) Business Description

Address
10 South Dearborn Street, 54th Floor, P.O. Box 805379, Chicago, IL, USA, 60680-5379
Exelon serves approximately 10 million power and gas customers at its six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.
Executives
Anna Richo director AMGEN INC., ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA 91320-1799
Robert A Kleczynski officer: SVP & Corp Controller 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Matthew C Rogers director 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Charisse R Lillie director 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Carim V Khouzami officer: CEO of BGE 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Jeanne M Jones officer: EVP & CFO 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
John Tyler Anthony officer: CEO Pepco Holdings LLC 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Trpik Joseph R Jr officer: SVP & Corp. Controller 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
William P Bowers director 600 NORTH 18TH STREET, BIN 15N-8170, BIRMINGHAM AL 35203
Gayle Littleton officer: EVP & General Counsel 10 S. DEARBORN ST., 52ND FLOOR SE, CHICAGO IL 60603
Calvin Jr Butler officer: Sr EVP & CEO Exelon Utilities 10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
James Mchugh officer: EVP & Chief Commercial Officer 10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Joseph Dominguez officer: CEO, ComEd 10 SOUTH DEARBORN STREET, CHICAGO IL 60603
Joseph Nigro officer: Sr. EVP & Chief Fin. Officer 10 S. DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Christopher M. Crane director, officer: President and CEO 10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603