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Aptiv (LTS:0YCP) Cyclically Adjusted PB Ratio : 3.86 (As of Jun. 04, 2024)


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What is Aptiv Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Aptiv's current share price is $84.75. Aptiv's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $21.97. Aptiv's Cyclically Adjusted PB Ratio for today is 3.86.

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

LTS:0YCP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.15   Med: 6.76   Max: 14.09
Current: 3.83

During the past years, Aptiv's highest Cyclically Adjusted PB Ratio was 14.09. The lowest was 3.15. And the median was 6.76.

LTS:0YCP's Cyclically Adjusted PB Ratio is ranked worse than
81.96% of 981 companies
in the Vehicles & Parts industry
Industry Median: 1.35 vs LTS:0YCP: 3.83

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.

Aptiv's adjusted book value per share data for the three months ended in Mar. 2024 was $40.876. 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 $21.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aptiv Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Aptiv'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.

Aptiv Cyclically Adjusted PB Ratio Chart

Aptiv 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 9.67 11.75 11.49 5.21 4.20

Aptiv 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 5.96 5.18 4.79 4.20 3.60

Competitive Comparison of Aptiv's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, Aptiv'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.


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

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

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



Aptiv 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=84.75/21.97
=3.86

* 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.

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

For example, Aptiv'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)
=40.876/120.9901*120.9901
=40.876

Current CPI (Mar. 2024) = 120.9901.

Aptiv Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.382 100.773 12.465
201409 9.755 100.474 11.747
201412 8.607 99.576 10.458
201503 7.443 99.975 9.008
201506 8.709 100.573 10.477
201509 8.253 100.274 9.958
201512 8.087 99.676 9.816
201603 8.277 99.676 10.047
201606 8.729 101.072 10.449
201609 9.407 100.274 11.350
201612 8.900 99.676 10.803
201703 9.628 100.374 11.606
201706 10.849 100.673 13.038
201709 12.049 100.474 14.509
201712 12.410 100.075 15.004
201803 13.095 100.573 15.753
201806 13.302 101.072 15.923
201809 13.662 101.371 16.306
201812 13.304 100.773 15.973
201903 13.256 101.670 15.775
201906 13.736 102.168 16.267
201909 13.945 102.268 16.498
201912 14.960 102.068 17.733
202003 19.505 102.367 23.053
202006 25.709 101.769 30.565
202009 27.268 101.072 32.642
202012 29.275 101.072 35.044
202103 29.864 102.367 35.297
202106 30.764 103.364 36.010
202109 30.661 104.859 35.378
202112 30.856 106.653 35.004
202203 30.991 109.245 34.323
202206 29.893 112.779 32.069
202209 30.247 113.504 32.242
202212 32.512 115.436 34.076
202303 33.182 117.609 34.136
202306 32.642 119.662 33.004
202309 38.109 120.749 38.185
202312 41.386 120.749 41.469
202403 40.876 120.990 40.876

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.


Aptiv  (LTS:0YCP) 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.


Aptiv Cyclically Adjusted PB Ratio Related Terms

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


Aptiv (LTS:0YCP) Business Description

Traded in Other Exchanges
Address
5 Hanover Quay, Grand Canal Dock, Dublin, IRL, D02 VY79
Aptiv's signal and power solutions segment supplies components and systems that make up a vehicle's electrical system, including wiring assemblies and harnesses, connectors, electrical centers, and hybrid electrical systems. The advanced safety and user experience segment provides body controls, infotainment and connectivity systems, passive and active safety electronics, advanced driver-assist technologies, and displays, as well as the development of software for these systems. Aptiv's largest customers are General Motors and Stellantis, both at roughly 9% of 2022 revenue, followed by Ford and Volkswagen, both at 8%. North America and Europe represented approximately 37% and 31% of total 2022 revenue, respectively.

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