GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Centrais Eletricas Brasileiras SA (NYSE:EBR) » Definitions » Cyclically Adjusted Book per Share

Centrais Eletricas Brasileiras (Centrais Eletricas Brasileiras) Cyclically Adjusted Book per Share : $10.98 (As of Sep. 2023)


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

What is Centrais Eletricas Brasileiras 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.

Centrais Eletricas Brasileiras's adjusted book value per share for the three months ended in Sep. 2023 was $10.162. 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 $10.98 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Centrais Eletricas Brasileiras's average Cyclically Adjusted Book Growth Rate was -0.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -4.60% 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 Centrais Eletricas Brasileiras was -3.40% per year. The lowest was -6.10% per year. And the median was -4.80% per year.

As of today (2024-04-27), Centrais Eletricas Brasileiras's current stock price is $7.39. Centrais Eletricas Brasileiras's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $10.98. Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Centrais Eletricas Brasileiras was 0.92. The lowest was 0.17. And the median was 0.60.


Centrais Eletricas Brasileiras Cyclically Adjusted Book per Share Historical Data

The historical data trend for Centrais Eletricas Brasileiras'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.

Centrais Eletricas Brasileiras Cyclically Adjusted Book per Share Chart

Centrais Eletricas Brasileiras Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.62 15.23 11.07 10.57 10.48

Centrais Eletricas Brasileiras Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 10.44 10.48 11.10 11.65 10.98

Competitive Comparison of Centrais Eletricas Brasileiras's Cyclically Adjusted Book per Share

For the Utilities - Renewable subindustry, Centrais Eletricas Brasileiras'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.


Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio falls into.



Centrais Eletricas Brasileiras 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, Centrais Eletricas Brasileiras's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=10.162/155.4635*155.4635
=10.162

Current CPI (Sep. 2023) = 155.4635.

Centrais Eletricas Brasileiras Quarterly Data

Book Value per Share CPI Adj_Book
201312 19.328 88.522 33.944
201403 19.529 90.447 33.567
201406 20.142 91.838 34.096
201409 18.427 92.602 30.936
201412 14.923 94.194 24.630
201503 13.605 97.799 21.627
201506 13.403 100.006 20.835
201509 9.916 101.392 15.204
201512 7.986 104.247 11.910
201603 7.624 106.979 11.079
201606 10.997 108.851 15.706
201609 11.769 109.986 16.635
201612 9.740 110.802 13.666
201703 10.781 111.869 14.982
201706 10.308 112.115 14.294
201709 10.984 112.777 15.141
201712 9.497 114.068 12.944
201803 9.963 114.868 13.484
201806 8.820 117.038 11.716
201809 7.791 117.881 10.275
201812 10.501 118.340 13.795
201903 10.962 120.124 14.187
201906 11.944 120.977 15.349
201909 11.312 121.292 14.499
201912 12.735 123.436 16.039
202003 0.000 124.092 0.000
202006 9.313 123.557 11.718
202009 8.954 125.095 11.128
202012 9.103 129.012 10.969
202103 8.236 131.660 9.725
202106 9.539 133.871 11.078
202109 9.192 137.913 10.362
202112 8.580 141.992 9.394
202203 10.095 146.537 10.710
202206 9.624 149.784 9.989
202209 9.240 147.800 9.719
202212 9.155 150.207 9.475
202303 9.227 153.352 9.354
202306 10.184 154.519 10.246
202309 10.162 155.464 10.162

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


Centrais Eletricas Brasileiras  (NYSE:EBR) 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.

Centrais Eletricas Brasileiras's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.39/10.98
=0.67

* 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 Centrais Eletricas Brasileiras was 0.92. The lowest was 0.17. And the median was 0.60.


Be Aware

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


Centrais Eletricas Brasileiras Cyclically Adjusted Book per Share Related Terms

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


Centrais Eletricas Brasileiras (Centrais Eletricas Brasileiras) Business Description

Address
Rua da Quitanda 196, 9th floor, Centro, Rio de Janeiro, RJ, BRA, 20091-005
Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the administration segment. About half of Eletrobras' electricity sales are made using free market agreements, while the other half is completed through auctions and contracts.

Centrais Eletricas Brasileiras (Centrais Eletricas Brasileiras) Headlines