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MAHLE-Metal Leve (BSP:LEVE3) Cyclically Adjusted Book per Share : R$14.09 (As of Mar. 2024)


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What is MAHLE-Metal Leve 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.

MAHLE-Metal Leve's adjusted book value per share for the three months ended in Mar. 2024 was R$8.172. 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 R$14.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MAHLE-Metal Leve's average Cyclically Adjusted Book Growth Rate was -2.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.20% 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 MAHLE-Metal Leve was 3.10% per year. The lowest was 1.60% per year. And the median was 2.80% per year.

As of today (2024-05-20), MAHLE-Metal Leve's current stock price is R$32.46. MAHLE-Metal Leve's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$14.09. MAHLE-Metal Leve's Cyclically Adjusted PB Ratio of today is 2.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of MAHLE-Metal Leve was 3.45. The lowest was 1.10. And the median was 1.92.


MAHLE-Metal Leve Cyclically Adjusted Book per Share Historical Data

The historical data trend for MAHLE-Metal Leve'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.

MAHLE-Metal Leve Cyclically Adjusted Book per Share Chart

MAHLE-Metal Leve 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 13.20 13.51 14.21 14.35 14.16

MAHLE-Metal Leve 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 14.50 14.41 14.31 14.16 14.09

Competitive Comparison of MAHLE-Metal Leve's Cyclically Adjusted Book per Share

For the Auto Parts subindustry, MAHLE-Metal Leve'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.


MAHLE-Metal Leve's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MAHLE-Metal Leve's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where MAHLE-Metal Leve's Cyclically Adjusted PB Ratio falls into.



MAHLE-Metal Leve 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, MAHLE-Metal Leve'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)
=8.172/159.3724*159.3724
=8.172

Current CPI (Mar. 2024) = 159.3724.

MAHLE-Metal Leve Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.527 91.838 18.268
201409 10.793 92.602 18.575
201412 10.183 94.194 17.229
201503 10.546 97.799 17.186
201506 10.474 100.006 16.692
201509 10.810 101.392 16.992
201512 9.906 104.247 15.144
201603 10.492 106.979 15.631
201606 10.443 108.851 15.290
201609 10.578 109.986 15.328
201612 9.450 110.802 13.592
201703 9.777 111.869 13.929
201706 10.148 112.115 14.426
201709 10.438 112.777 14.751
201712 10.404 114.068 14.536
201803 10.871 114.868 15.083
201806 9.820 117.038 13.372
201809 10.414 117.881 14.079
201812 10.414 118.340 14.025
201903 10.811 120.124 14.343
201906 9.837 120.977 12.959
201909 10.138 121.292 13.321
201912 10.008 123.436 12.922
202003 10.282 124.092 13.205
202006 9.983 123.557 12.877
202009 10.271 125.095 13.085
202012 10.349 129.012 12.784
202103 11.326 131.660 13.710
202106 12.053 133.871 14.349
202109 13.204 137.913 15.259
202112 13.166 141.992 14.778
202203 13.618 146.537 14.811
202206 11.347 149.784 12.073
202209 12.646 147.800 13.636
202212 12.182 150.207 12.925
202303 13.240 153.352 13.760
202306 10.946 154.519 11.290
202309 12.043 155.464 12.346
202312 6.717 157.148 6.812
202403 8.172 159.372 8.172

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


MAHLE-Metal Leve  (BSP:LEVE3) 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.

MAHLE-Metal Leve's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.46/14.09
=2.30

* 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 MAHLE-Metal Leve was 3.45. The lowest was 1.10. And the median was 1.92.


Be Aware

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


MAHLE-Metal Leve Cyclically Adjusted Book per Share Related Terms

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


MAHLE-Metal Leve (BSP:LEVE3) Business Description

Traded in Other Exchanges
N/A
Address
Ernst Mahle Avenue, number 2000, Mogi Guaçu, SP, BRA, 13846-146
MAHLE-Metal Leve SA is a Brazilian manufacturer of engine components for internal combustion engines and automotive filters. The company produces pistons and kits, rings, bearings, valves, valve trains, liners, and other engine components, which contribute the majority of revenue. Overall, Mahle Metal Leve sells roughly half of its product on domestic original equipment and aftermarket markets. The largest export markets are Europe and North America. Mahle Metal Leve is part of the German auto parts group Mahle.

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