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Continental AG (BSE:CTT) Cyclically Adjusted PB Ratio : 0.78 (As of Jun. 09, 2024)


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What is Continental AG Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Continental AG's current share price is lei310.40. Continental AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was lei397.04. Continental AG's Cyclically Adjusted PB Ratio for today is 0.78.

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

BSE:CTT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.82   Max: 5.65
Current: 0.75

During the past years, Continental AG's highest Cyclically Adjusted PB Ratio was 5.65. The lowest was 0.62. And the median was 1.82.

BSE:CTT's Cyclically Adjusted PB Ratio is ranked better than
70.8% of 1000 companies
in the Vehicles & Parts industry
Industry Median: 1.33 vs BSE:CTT: 0.75

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.

Continental AG's adjusted book value per share data for the three months ended in Mar. 2024 was lei348.948. 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 lei397.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Continental AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Continental 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.

Continental AG Cyclically Adjusted PB Ratio Chart

Continental 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 1.73 1.73 1.36 0.74 0.96

Continental 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 0.88 0.87 0.83 0.96 0.82

Competitive Comparison of Continental AG's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, Continental 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.


Continental AG's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

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



Continental 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.

Continental AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=310.40/397.04
=0.78

* 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.

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

For example, Continental 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)
=348.948/125.0381*125.0381
=348.948

Current CPI (Mar. 2024) = 125.0381.

Continental AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 306.282 99.543 384.729
201409 312.687 99.823 391.673
201412 304.427 99.543 382.399
201503 293.891 99.717 368.520
201506 310.805 100.417 387.012
201509 317.345 100.417 395.156
201512 322.222 99.717 404.045
201603 333.441 100.017 416.859
201606 336.053 100.717 417.204
201609 341.549 101.017 422.768
201612 348.232 101.217 430.188
201703 377.354 101.417 465.244
201706 383.062 102.117 469.044
201709 420.542 102.717 511.928
201712 433.345 102.617 528.027
201803 472.190 102.917 573.682
201806 447.862 104.017 538.370
201809 464.718 104.718 554.897
201812 469.800 104.217 563.657
201903 483.760 104.217 580.406
201906 461.478 105.718 545.816
201909 393.454 106.018 464.043
201912 395.730 105.818 467.610
202003 385.034 105.718 455.401
202006 363.959 106.618 426.840
202009 333.876 105.818 394.521
202012 345.110 105.518 408.955
202103 373.190 107.518 434.002
202106 337.689 108.486 389.212
202109 323.263 109.435 369.354
202112 319.330 110.384 361.725
202203 337.302 113.968 370.065
202206 340.537 115.760 367.830
202209 326.956 118.818 344.073
202212 324.937 119.345 340.438
202303 336.552 122.402 343.799
202306 337.576 123.140 342.778
202309 348.659 124.195 351.027
202312 345.017 123.773 348.544
202403 348.948 125.038 348.948

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.


Continental AG  (BSE:CTT) 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.


Continental AG Cyclically Adjusted PB Ratio Related Terms

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


Continental AG (BSE:CTT) Business Description

Address
Vahrenwalder Strasse 9, Hanover, NI, DEU, 30165
Continental is a global auto supplier and tiremaker. Operating segments include the automotive group (electrical architecture and networking, autonomous mobility, safety and motion, smart mobility, and user experience), tires, and ContiTech which uses rubber in industrial and automotive components and systems. Last year, automotive group revenue was around 48% of the total, tire was 35%, ContiTech was 16%, and contract manufacturing for Vitesco was 1%. Top five customers include Ford, Mercedes-Benz, the Renault-Nissan-Mitsubishi alliance, Stellantis, and Volkswagen, representing about 32% of total revenue. Europe, at 47% of total revenue, is the companies largest market, followed by North America at 27%, Asia (mostly China) at 22%, and 4% in other regions.

Continental AG (BSE:CTT) Headlines