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PG&E (PCG) Cyclically Adjusted PB Ratio : 0.56 (As of Jun. 12, 2025)


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What is PG&E Cyclically Adjusted PB Ratio?

As of today (2025-06-12), PG&E's current share price is $14.30. PG&E's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $25.69. PG&E's Cyclically Adjusted PB Ratio for today is 0.56.

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

PCG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.6   Max: 2.19
Current: 0.56

During the past years, PG&E's highest Cyclically Adjusted PB Ratio was 2.19. The lowest was 0.15. And the median was 0.60.

PCG's Cyclically Adjusted PB Ratio is ranked better than
82.81% of 413 companies
in the Utilities - Regulated industry
Industry Median: 1.51 vs PCG: 0.56

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.

PG&E's adjusted book value per share data for the three months ended in Mar. 2025 was $13.244. 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 $25.69 for the trailing ten years ended in Mar. 2025.

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.30/25.69
=0.56

* 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.

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)
=13.244/134.9266*134.9266
=13.244

Current CPI (Mar. 2025) = 134.9266.

PG&E Quarterly Data

Book Value per Share CPI Adj_Book
201506 33.264 100.684 44.577
201509 33.800 100.392 45.427
201512 33.689 99.792 45.550
201603 33.518 100.470 45.013
201606 33.617 101.688 44.605
201609 34.352 101.861 45.503
201612 35.392 101.863 46.880
201703 35.943 102.862 47.147
201706 36.389 103.349 47.507
201709 37.047 104.136 48.001
201712 37.338 104.011 48.436
201803 38.238 105.290 49.001
201806 36.374 106.317 46.162
201809 37.602 106.507 47.636
201812 24.313 105.998 30.948
201903 24.332 107.251 30.611
201906 19.542 108.070 24.399
201909 16.513 108.329 20.567
201912 9.705 108.420 12.078
202003 10.395 108.902 12.879
202006 6.699 108.767 8.310
202009 10.487 109.815 12.885
202012 10.582 109.897 12.992
202103 10.643 111.754 12.850
202106 10.853 114.631 12.774
202109 10.313 115.734 12.023
202112 10.563 117.630 12.116
202203 10.763 121.301 11.972
202206 10.951 125.017 11.819
202209 11.186 125.227 12.052
202212 11.482 125.222 12.372
202303 11.692 127.348 12.388
202306 11.520 128.729 12.075
202309 11.311 129.860 11.752
202312 11.736 129.419 12.235
202403 12.040 131.776 12.328
202406 12.282 132.554 12.502
202409 12.554 133.029 12.733
202412 13.024 133.157 13.197
202503 13.244 134.927 13.244

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  (NYSE: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.
Executives
Carla J Peterman officer: EVP/Corp. Affairs & CSO 77 BEALE STREET, P.O. BOX 77000, SAN FRANCISCO CA 94177
Jason M Glickman other: EVP of EPS of PG&E Company 77 BEALE STREET, PO BOX 770000, SAN FRANCISCO CA 94177
Stephanie N Williams officer: VP and Controller 77 BEALE STREET, PO BOX 77000, SAN FRANCISCO CA 94177
Marlene Santos other: EVP, CCO at PG&E Company 77 BEALE STREET, P.O. BOX 770000, SAN FRANCISCO CA 94117
Rajat Bahri director C/O TRIMBLE NAVIGATION LIMITED, 935 STEWART DRIVE, SUNNYVALE CA 94085
Carlos M Hernandez director
Arno Lockheart Harris director 77 BEALE ST., P.O. BOX770000, SAN FRANCISCO CA 94177
Patricia K Poppe director, officer: Chief Executive Officer 77 BEALE STREET, POB 770000, SAN FRANCISCO CA 94177
Cheryl F. Campbell director C/O 77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Carolyn Jeanne Burke officer: EVP Finance C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Edward G Cannizzaro director 5130 HACIENDA DRIVE, DUBLIN CA 94568
Pg&e Fire Victim Trust 10 percent owner TWO EMBARCADERO CENTER, SUITE 1500, SAN FRANCISCO CA 94111
William Lloyd Smith director 46429 LANDING PARKWAY, FREMONT CA 94538
Adam L Wright other: EVP, Ops & COO at PG&E Company 77 BEALE STREET, P.O. BOX 770000, SAN FRANCISCO CA 94177
Sumeet Singh officer: EVP/CRO & Chf Safety Ofc 77 BEALE STREET, PO BOX 770000, SAN FRANCISCO CA 94177