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BorgWarner (STU:BGW) Cyclically Adjusted PB Ratio : 1.37 (As of May. 24, 2024)


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What is BorgWarner Cyclically Adjusted PB Ratio?

As of today (2024-05-24), BorgWarner's current share price is €32.45. BorgWarner's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €23.69. BorgWarner's Cyclically Adjusted PB Ratio for today is 1.37.

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

STU:BGW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.08   Med: 2.33   Max: 5.36
Current: 1.36

During the past years, BorgWarner's highest Cyclically Adjusted PB Ratio was 5.36. The lowest was 1.08. And the median was 2.33.

STU:BGW's Cyclically Adjusted PB Ratio is ranked worse than
52.13% of 938 companies
in the Vehicles & Parts industry
Industry Median: 1.29 vs STU:BGW: 1.36

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.

BorgWarner's adjusted book value per share data for the three months ended in Mar. 2024 was €23.586. 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 €23.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BorgWarner Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BorgWarner'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.

BorgWarner Cyclically Adjusted PB Ratio Chart

BorgWarner 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 2.28 1.89 1.91 1.51 1.42

BorgWarner 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 1.78 1.73 1.60 1.42 1.35

Competitive Comparison of BorgWarner's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, BorgWarner'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.


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

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

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



BorgWarner 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.45/23.69
=1.37

* 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.

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

For example, BorgWarner'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)
=23.586/131.7762*131.7762
=23.586

Current CPI (Mar. 2024) = 131.7762.

BorgWarner Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.337 100.560 16.167
201409 12.732 100.428 16.706
201412 12.952 99.070 17.228
201503 14.309 99.621 18.928
201506 14.515 100.684 18.997
201509 14.775 100.392 19.394
201512 14.874 99.792 19.641
201603 15.240 100.470 19.989
201606 15.293 101.688 19.818
201609 15.520 101.861 20.078
201612 14.373 101.863 18.594
201703 14.995 102.862 19.210
201706 15.231 103.349 19.420
201709 15.224 104.136 19.265
201712 14.898 104.011 18.875
201803 15.095 105.290 18.892
201806 16.231 106.317 20.118
201809 16.732 106.507 20.702
201812 17.840 105.998 22.179
201903 18.249 107.251 22.422
201906 18.830 108.070 22.961
201909 19.599 108.329 23.841
201912 20.520 108.420 24.940
202003 20.683 108.902 25.027
202006 19.756 108.767 23.935
202009 16.522 109.815 19.826
202012 22.114 109.897 26.517
202103 22.299 111.754 26.294
202106 23.015 114.631 26.457
202109 23.560 115.734 26.826
202112 25.645 117.630 28.729
202203 26.720 121.301 29.027
202206 27.517 125.017 29.005
202209 29.223 125.227 30.751
202212 29.128 125.222 30.653
202303 29.653 127.348 30.684
202306 29.650 128.729 30.352
202309 22.993 129.860 23.332
202312 23.258 129.419 23.682
202403 23.586 131.776 23.586

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.


BorgWarner  (STU:BGW) 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.


BorgWarner Cyclically Adjusted PB Ratio Related Terms

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


BorgWarner (STU:BGW) Business Description

Traded in Other Exchanges
Address
3850 Hamlin Road, Auburn Hills, MI, USA, 48326
BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 13% and 8% of 2022 revenue, respectively. Geographically, Europe accounted for 34% of 2022 revenue, while Asia and North America were 32% each.

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