GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Portland General Electric Co (FRA:49P) » Definitions » Cyclically Adjusted Book per Share

Portland General Electric Co (FRA:49P) Cyclically Adjusted Book per Share : €31.09 (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Portland General Electric Co 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.

Portland General Electric Co's adjusted book value per share for the three months ended in Mar. 2024 was €30.889. 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 €31.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Portland General Electric Co's average Cyclically Adjusted Book Growth Rate was 4.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.90% 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 Portland General Electric Co was 6.50% per year. The lowest was 1.00% per year. And the median was 2.50% per year.

As of today (2024-05-24), Portland General Electric Co's current stock price is €40.20. Portland General Electric Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €31.09. Portland General Electric Co's Cyclically Adjusted PB Ratio of today is 1.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Portland General Electric Co was 2.34. The lowest was 1.19. And the median was 1.62.


Portland General Electric Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Portland General Electric Co'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.

Portland General Electric Co Cyclically Adjusted Book per Share Chart

Portland General Electric Co 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 23.32 21.59 25.76 29.79 29.54

Portland General Electric Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 29.62 29.91 31.03 29.54 31.09

Competitive Comparison of Portland General Electric Co's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Portland General Electric Co'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.


Portland General Electric Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Portland General Electric Co's Cyclically Adjusted PB Ratio falls into.



Portland General Electric Co 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, Portland General Electric Co'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)
=30.889/131.7762*131.7762
=30.889

Current CPI (Mar. 2024) = 131.7762.

Portland General Electric Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.609 100.560 23.075
201409 18.743 100.428 24.594
201412 19.812 99.070 26.353
201503 22.869 99.621 30.251
201506 22.294 100.684 29.179
201509 22.402 100.392 29.405
201512 23.345 99.792 30.827
201603 23.142 100.470 30.353
201606 23.051 101.688 29.871
201609 23.145 101.861 29.942
201612 24.983 101.863 32.320
201703 25.058 102.862 32.102
201706 23.903 103.349 30.478
201709 22.620 104.136 28.624
201712 22.909 104.011 29.024
201803 22.263 105.290 27.863
201806 23.645 106.317 29.307
201809 23.873 106.507 29.537
201812 24.676 105.998 30.677
201903 25.236 107.251 31.007
201906 25.172 108.070 30.694
201909 26.050 108.329 31.688
201912 26.088 108.420 31.708
202003 26.685 108.902 32.290
202006 26.251 108.767 31.804
202009 24.614 109.815 29.536
202012 23.989 109.897 28.765
202103 25.085 111.754 29.579
202106 24.705 114.631 28.400
202109 25.431 115.734 28.956
202112 26.794 117.630 30.016
202203 27.569 121.301 29.950
202206 29.024 125.017 30.593
202209 31.226 125.227 32.859
202212 29.383 125.222 30.921
202303 30.083 127.348 31.129
202306 29.875 128.729 30.582
202309 30.531 129.860 30.982
202312 30.086 129.419 30.634
202403 30.889 131.776 30.889

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


Portland General Electric Co  (FRA:49P) 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.

Portland General Electric Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.20/31.09
=1.29

* 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 Portland General Electric Co was 2.34. The lowest was 1.19. And the median was 1.62.


Be Aware

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


Portland General Electric Co Cyclically Adjusted Book per Share Related Terms

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


Portland General Electric Co (FRA:49P) Business Description

Traded in Other Exchanges
Address
121 South West Salmon Street, Portland, OR, USA, 97204
Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services to 926,000 customers across a service territory that includes about half of all Oregon residents and two thirds of the state's business activity. The company owns (wholly or through joint ventures) 3.3 gigawatts of gas, coal, wind, and hydro generation.

Portland General Electric Co (FRA:49P) Headlines

No Headlines