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EDP (MEX:EDP) Cyclically Adjusted PB Ratio : 1.27 (As of Nov. 14, 2024)


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What is EDP Cyclically Adjusted PB Ratio?

As of today (2024-11-14), EDP's current share price is MXN64.24. EDP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was MXN50.67. EDP's Cyclically Adjusted PB Ratio for today is 1.27.

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

MEX:EDP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 1.53   Max: 2.36
Current: 1.24

During the past years, EDP's highest Cyclically Adjusted PB Ratio was 2.36. The lowest was 1.16. And the median was 1.53.

MEX:EDP's Cyclically Adjusted PB Ratio is ranked better than
61.08% of 406 companies
in the Utilities - Regulated industry
Industry Median: 1.56 vs MEX:EDP: 1.24

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's adjusted book value per share data for the three months ended in Jun. 2024 was MXN53.695. 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 MXN50.67 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


EDP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for EDP'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 Cyclically Adjusted PB Ratio Chart

EDP 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 Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.67 1.45 1.70 1.32 1.27

Competitive Comparison of EDP's Cyclically Adjusted PB Ratio

For the Utilities - Diversified subindustry, EDP'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's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

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



EDP 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's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=64.24/50.67
=1.27

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=53.695/121.1653*121.1653
=53.695

Current CPI (Jun. 2024) = 121.1653.

EDP Quarterly Data

Book Value per Share CPI Adj_Book
201409 39.755 99.617 48.354
201412 42.476 99.723 51.609
201503 39.913 100.097 48.314
201506 40.862 100.769 49.133
201509 43.482 100.489 52.429
201512 43.661 100.119 52.839
201603 46.128 100.547 55.587
201606 48.676 101.319 58.211
201609 52.320 101.122 62.690
201612 55.010 100.998 65.995
201703 52.115 101.924 61.953
201706 49.875 102.240 59.107
201709 56.986 102.527 67.345
201712 59.659 102.479 70.538
201803 57.788 102.626 68.227
201806 55.266 103.790 64.518
201809 50.835 103.960 59.248
201812 53.866 103.159 63.268
201903 54.134 103.495 63.377
201906 51.397 104.192 59.770
201909 52.000 103.844 60.674
201912 49.908 103.592 58.374
202003 60.311 103.544 70.575
202006 52.081 104.323 60.489
202009 59.803 103.699 69.876
202012 58.765 103.354 68.892
202103 60.331 104.014 70.279
202106 59.624 104.852 68.900
202109 56.047 105.232 64.533
202112 54.756 106.191 62.477
202203 50.675 109.559 56.043
202206 41.475 114.003 44.081
202209 34.652 114.999 36.510
202212 46.482 116.377 48.394
202303 51.234 117.701 52.742
202306 47.692 117.872 49.024
202309 51.118 119.111 52.000
202312 51.386 118.032 52.750
202403 51.347 120.396 51.675
202406 53.695 121.165 53.695

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  (MEX: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 Cyclically Adjusted PB Ratio Related Terms

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


EDP Business Description

Industry
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 US EDP owns 71% of EDP Renovaveis, the fourth-largest wind power owner/operator in the world. EDP also owns 54% of Energias do Brasil, which it aims to delist by end-2023.

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