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EDP - Energias de Portugal (XLIS:EDP) Cyclically Adjusted PB Ratio : 1.31 (As of Apr. 28, 2024)


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What is EDP - Energias de Portugal Cyclically Adjusted PB Ratio?

As of today (2024-04-28), EDP - Energias de Portugal's current share price is €3.523. EDP - Energias de Portugal's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €2.69. EDP - Energias de Portugal's Cyclically Adjusted PB Ratio for today is 1.31.

The historical rank and industry rank for EDP - Energias de Portugal's Cyclically Adjusted PB Ratio or its related term are showing as below:

XLIS:EDP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 1.55   Max: 2.36
Current: 1.31

During the past years, EDP - Energias de Portugal's highest Cyclically Adjusted PB Ratio was 2.36. The lowest was 1.16. And the median was 1.55.

XLIS:EDP's Cyclically Adjusted PB Ratio is ranked better than
54.09% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.39 vs XLIS:EDP: 1.31

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.

EDP - Energias de Portugal's adjusted book value per share data for the three months ended in Dec. 2023 was €2.776. 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 €2.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


EDP - Energias de Portugal Cyclically Adjusted PB Ratio Historical Data

The historical data trend for EDP - Energias de Portugal'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.

EDP - Energias de Portugal Cyclically Adjusted PB Ratio Chart

EDP - Energias de Portugal 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 1.58 2.17 1.97 1.76 1.70

EDP - Energias de Portugal 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 1.76 1.88 1.67 1.45 1.70

Competitive Comparison of EDP - Energias de Portugal's Cyclically Adjusted PB Ratio

For the Utilities - Diversified subindustry, EDP - Energias de Portugal'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.


EDP - Energias de Portugal's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where EDP - Energias de Portugal's Cyclically Adjusted PB Ratio falls into.



EDP - Energias de Portugal 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.

EDP - Energias de Portugal's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.523/2.69
=1.31

* 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.

EDP - Energias de Portugal's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, EDP - Energias de Portugal'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)
=2.776/118.0324*118.0324
=2.776

Current CPI (Dec. 2023) = 118.0324.

EDP - Energias de Portugal Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.370 99.788 2.803
201406 2.266 99.967 2.676
201409 2.298 99.617 2.723
201412 2.335 99.723 2.764
201503 2.419 100.097 2.852
201506 2.320 100.769 2.717
201509 2.293 100.489 2.693
201512 2.331 100.119 2.748
201603 2.406 100.547 2.824
201606 2.343 101.319 2.729
201609 2.411 101.122 2.814
201612 2.529 100.998 2.956
201703 2.588 101.924 2.997
201706 2.456 102.240 2.835
201709 2.635 102.527 3.033
201712 2.567 102.479 2.957
201803 2.580 102.626 2.967
201806 2.408 103.790 2.738
201809 2.329 103.960 2.644
201812 2.411 103.159 2.759
201903 2.470 103.495 2.817
201906 2.368 104.192 2.683
201909 2.392 103.844 2.719
201912 2.382 103.592 2.714
202003 2.145 103.544 2.445
202006 2.004 104.323 2.267
202009 2.298 103.699 2.616
202012 2.428 103.354 2.773
202103 2.479 104.014 2.813
202106 2.486 104.852 2.798
202109 2.317 105.232 2.599
202112 2.362 106.191 2.625
202203 2.311 109.559 2.490
202206 1.950 114.003 2.019
202209 1.740 114.999 1.786
202212 2.251 116.377 2.283
202303 2.655 117.701 2.662
202306 2.568 117.872 2.571
202309 2.750 119.111 2.725
202312 2.776 118.032 2.776

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.


EDP - Energias de Portugal  (XLIS:EDP) 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.


EDP - Energias de Portugal Cyclically Adjusted PB Ratio Related Terms

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


EDP - Energias de Portugal (XLIS:EDP) Business Description

Traded in Other Exchanges
Address
Avendia 24 de Julho, No. 12, 4th Floor, Lisboa, PRT, 1249-300
EDP is a vertically integrated utility company and is the largest generator, supplier, and distributor of electricity in Portugal. In addition to Portugal, EDP has sizable operations in Spain, Brazil, and the U.S. EDP owns 71% of EDP Renovaveis, the fourth-largest wind power owner/operator in the world. EDP also owns 54% of Energias do Brasil that it aims to delist by end-2023.

EDP - Energias de Portugal (XLIS:EDP) Headlines

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