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Bayerische Motoren Werke AG (BSE:BMW) Cyclically Adjusted PB Ratio : 0.86 (As of Jun. 08, 2024)


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What is Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Bayerische Motoren Werke AG's current share price is lei456.70. Bayerische Motoren Werke AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was lei530.21. Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio for today is 0.86.

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

BSE:BMW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.09   Max: 1.86
Current: 0.86

During the past years, Bayerische Motoren Werke AG's highest Cyclically Adjusted PB Ratio was 1.86. The lowest was 0.65. And the median was 1.09.

BSE:BMW's Cyclically Adjusted PB Ratio is ranked better than
65% of 1000 companies
in the Vehicles & Parts industry
Industry Median: 1.33 vs BSE:BMW: 0.86

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.

Bayerische Motoren Werke AG's adjusted book value per share data for the three months ended in Mar. 2024 was lei722.089. 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 lei530.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bayerische Motoren Werke AG'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.

Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio Chart

Bayerische Motoren Werke AG 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 1.15 1.05 1.14 0.91 0.98

Bayerische Motoren Werke AG 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 1.05 1.14 0.95 0.98 1.01

Competitive Comparison of Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Bayerische Motoren Werke AG'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.


Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio falls into.



Bayerische Motoren Werke AG 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.

Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=456.70/530.21
=0.86

* 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.

Bayerische Motoren Werke AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bayerische Motoren Werke AG'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)
=722.089/125.0381*125.0381
=722.089

Current CPI (Mar. 2024) = 125.0381.

Bayerische Motoren Werke AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 344.709 99.543 432.998
201409 331.868 99.823 415.699
201412 321.857 99.543 404.293
201503 272.333 99.717 341.488
201506 301.617 100.417 375.571
201509 321.082 100.417 399.809
201512 324.754 99.717 407.220
201603 347.427 100.017 434.344
201606 343.864 100.717 426.901
201609 355.515 101.017 440.055
201612 348.167 101.217 430.107
201703 369.553 101.417 455.626
201706 395.379 102.117 484.125
201709 437.417 102.717 532.470
201712 445.529 102.617 542.873
201803 483.510 102.917 587.435
201806 452.146 104.017 543.520
201809 460.556 104.718 549.928
201812 455.780 104.217 546.836
201903 455.244 104.217 546.193
201906 446.145 105.718 527.681
201909 443.581 106.018 523.163
201912 460.609 105.818 544.273
202003 468.210 105.718 553.778
202006 455.226 106.618 533.875
202009 491.192 105.818 580.411
202012 516.992 105.518 612.634
202103 538.690 107.518 626.470
202106 579.008 108.486 667.351
202109 588.202 109.435 672.069
202112 584.934 110.384 662.590
202203 652.661 113.968 716.056
202206 618.615 115.760 668.194
202209 596.163 118.818 627.373
202212 641.064 119.345 671.645
202303 665.494 122.402 679.824
202306 644.813 123.140 654.750
202309 680.070 124.195 684.689
202312 704.288 123.773 711.487
202403 722.089 125.038 722.089

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.


Bayerische Motoren Werke AG  (BSE:BMW) 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.


Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio Related Terms

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


Bayerische Motoren Werke AG (BSE:BMW) Business Description

Address
Petuelring 130, Munich, BY, DEU, 80809
In addition to being one of the world's leading premium light-vehicle manufacturers, BMW Group produces BMW motorcycles and provides financial services. Premium light-vehicle brands include BMW, Mini, and ultraluxury brand Rolls-Royce. Operations include 31 production facilities in 15 countries, research and development facilities in 17 countries, and a sales network reaching over 140 countries. In 2022, worldwide sales volume roughly 2.4 million automobiles and about 216,000 motorcycles.

Bayerische Motoren Werke AG (BSE:BMW) Headlines

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