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CEZ a.s (WAR:CEZ) Cyclically Adjusted PB Ratio : 1.72 (As of May. 27, 2024)


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What is CEZ a.s Cyclically Adjusted PB Ratio?

As of today (2024-05-27), CEZ a.s's current share price is zł161.50. CEZ a.s's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł94.00. CEZ a.s's Cyclically Adjusted PB Ratio for today is 1.72.

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

WAR:CEZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.32   Max: 2.25
Current: 1.74

During the past years, CEZ a.s's highest Cyclically Adjusted PB Ratio was 2.25. The lowest was 0.74. And the median was 1.32.

WAR:CEZ's Cyclically Adjusted PB Ratio is ranked worse than
64.77% of 264 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.24 vs WAR:CEZ: 1.74

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.

CEZ a.s's adjusted book value per share data for the three months ended in Mar. 2024 was zł82.127. 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 zł94.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CEZ a.s Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CEZ a.s'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.

CEZ a.s Cyclically Adjusted PB Ratio Chart

CEZ a.s 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 1.01 1.01 1.57 1.45 1.81

CEZ a.s Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.96 1.68 1.83 1.81 1.56

Competitive Comparison of CEZ a.s's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, CEZ a.s'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.


CEZ a.s's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CEZ a.s's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CEZ a.s 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.

CEZ a.s's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=161.50/94
=1.72

* 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.

CEZ a.s's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CEZ a.s's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=82.127/131.7762*131.7762
=82.127

Current CPI (Mar. 2024) = 131.7762.

CEZ a.s Quarterly Data

Book Value per Share CPI Adj_Book
201406 92.821 100.560 121.635
201409 88.273 100.428 115.827
201412 85.547 99.070 113.789
201503 78.907 99.621 104.376
201506 78.093 100.684 102.209
201509 79.508 100.392 104.364
201512 79.156 99.792 104.526
201603 84.761 100.470 111.172
201606 79.200 101.688 102.634
201609 79.213 101.861 102.477
201612 73.506 101.863 95.092
201703 77.380 102.862 99.131
201706 79.341 103.349 101.164
201709 83.617 104.136 105.811
201712 84.670 104.011 107.272
201803 92.996 105.290 116.390
201806 79.252 106.317 98.230
201809 77.827 106.507 96.292
201812 75.865 105.998 94.315
201903 80.748 107.251 99.213
201906 78.151 108.070 95.295
201909 75.486 108.329 91.824
201912 80.013 108.420 97.250
202003 81.759 108.902 98.932
202006 76.200 108.767 92.320
202009 79.070 109.815 94.883
202012 79.201 109.897 94.969
202103 80.808 111.754 95.285
202106 69.527 114.631 79.926
202109 60.658 115.734 69.066
202112 38.089 117.630 42.670
202203 53.116 121.301 57.703
202206 32.402 125.017 34.154
202209 25.864 125.227 27.217
202212 82.543 125.222 86.863
202303 94.428 127.348 97.712
202306 74.685 128.729 76.453
202309 74.764 129.860 75.868
202312 79.457 129.419 80.904
202403 82.127 131.776 82.127

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.


CEZ a.s  (WAR:CEZ) 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.


CEZ a.s Cyclically Adjusted PB Ratio Related Terms

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


CEZ a.s (WAR:CEZ) Business Description

Address
Duhova 2/1444, Prague 4, CZE, 140 53
CEZ a.s is a Czech energy company of which the government of the Czech Republic is the majority shareholder. Its core business is the generation, distribution, trade, and sale of electricity and heat. With its subsidiaries, the company operates a portfolio of both conventional and renewable energy power plants. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. Most of its revenue gets derived from the Generation segment.

CEZ a.s (WAR:CEZ) Headlines

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