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CEZ a.s (XPRA:CEZ) Cyclically Adjusted PB Ratio : 1.74 (As of May. 26, 2024)


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What is CEZ a.s Cyclically Adjusted PB Ratio?

As of today (2024-05-26), CEZ a.s's current share price is Kč931.00. CEZ a.s's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Kč535.59. CEZ a.s's Cyclically Adjusted PB Ratio for today is 1.74.

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

XPRA: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.

XPRA:CEZ's Cyclically Adjusted PB Ratio is ranked worse than
63.88% of 263 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.22 vs XPRA: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 Kč487.202. 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 Kč535.59 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
=931.00/535.59
=1.74

* 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)
=487.202/131.7762*131.7762
=487.202

Current CPI (Mar. 2024) = 131.7762.

CEZ a.s Quarterly Data

Book Value per Share CPI Adj_Book
201406 477.921 100.560 626.282
201409 481.458 100.428 631.744
201412 489.235 99.070 650.749
201503 508.340 99.621 672.419
201506 484.916 100.684 634.663
201509 489.330 100.392 642.306
201512 501.452 99.792 662.169
201603 526.517 100.470 690.576
201606 486.627 101.688 630.613
201609 486.722 101.861 629.666
201612 480.710 101.863 621.878
201703 498.960 102.862 639.215
201706 473.110 103.349 603.243
201709 466.551 104.136 590.387
201712 467.861 104.011 592.754
201803 488.799 105.290 611.762
201806 446.012 106.317 552.817
201809 435.697 106.507 539.069
201812 438.842 105.998 545.567
201903 467.639 107.251 574.577
201906 451.652 108.070 550.729
201909 452.393 108.329 550.309
201912 468.328 108.420 569.216
202003 501.157 108.902 606.425
202006 460.547 108.767 557.972
202009 457.202 109.815 548.635
202012 436.755 109.897 523.709
202103 453.284 111.754 534.494
202106 374.577 114.631 430.600
202109 333.575 115.734 379.812
202112 216.921 117.630 243.009
202203 307.390 121.301 333.935
202206 193.305 125.017 203.757
202209 163.620 125.227 172.178
202212 482.267 125.222 507.510
202303 532.600 127.348 551.121
202306 416.237 128.729 426.091
202309 435.197 129.860 441.620
202312 454.634 129.419 462.913
202403 487.202 131.776 487.202

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  (XPRA: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 (XPRA:CEZ) Business Description

Traded in Other Exchanges
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 (XPRA:CEZ) Headlines

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