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Porsche Automobil Holding SE (Porsche Automobil Holding SE) Cyclically Adjusted Book per Share : $153.67 (As of Dec. 2023)


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What is Porsche Automobil Holding SE 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.

Porsche Automobil Holding SE's adjusted book value per share for the three months ended in Dec. 2023 was $197.008. 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 $153.67 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-04-30), Porsche Automobil Holding SE's current stock price is $50.85. Porsche Automobil Holding SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $153.67. Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio of today is 0.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Porsche Automobil Holding SE was 0.44. The lowest was 0.30. And the median was 0.35.


Porsche Automobil Holding SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Porsche Automobil Holding SE'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.

Porsche Automobil Holding SE Cyclically Adjusted Book per Share Chart

Porsche Automobil Holding SE 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 - - - - 153.67

Porsche Automobil Holding SE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 141.66 146.92 148.32 153.67

Competitive Comparison of Porsche Automobil Holding SE's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Porsche Automobil Holding SE'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.


Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio falls into.



Porsche Automobil Holding SE 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, Porsche Automobil Holding SE's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=197.008/123.6675*123.6675
=197.008

Current CPI (Dec. 2023) = 123.6675.

Porsche Automobil Holding SE Quarterly Data

Book Value per Share CPI Adj_Book
200901 0.000 91.706 0.000
200907 123.501 92.359 165.366
201001 128.624 92.359 172.226
201006 0.000 93.199 0.000
201106 157.060 95.158 204.116
201112 89.577 95.998 115.396
201206 89.777 96.744 114.762
201212 122.145 97.957 154.205
201306 127.584 98.516 160.156
201312 272.586 99.356 339.285
201406 130.080 99.543 161.606
201412 117.515 99.543 145.996
201506 112.834 100.417 138.960
201512 96.312 99.717 119.445
201606 98.187 100.717 120.561
201612 96.079 101.217 117.390
201706 110.485 102.117 133.801
201712 120.917 102.617 145.721
201806 122.521 104.017 145.667
201812 124.130 104.217 147.296
201903 0.000 104.217 0.000
201906 124.749 105.718 145.930
201909 0.000 106.018 0.000
201912 128.011 105.818 149.605
202003 130.053 105.718 152.135
202006 127.303 106.618 147.661
202009 133.608 105.818 156.146
202012 142.788 105.518 167.349
202103 148.735 107.518 171.076
202106 157.325 108.486 179.341
202109 156.097 109.435 176.399
202112 155.687 110.384 174.423
202203 165.211 113.968 179.271
202206 168.042 115.760 179.520
202209 166.899 118.818 173.711
202212 180.349 119.345 186.881
202303 185.703 122.402 187.622
202306 188.001 123.140 188.806
202309 193.388 124.195 192.567
202312 197.008 123.668 197.008

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


Porsche Automobil Holding SE  (OTCPK:POAHF) 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.

Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.85/153.67
=0.33

* 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 Porsche Automobil Holding SE was 0.44. The lowest was 0.30. And the median was 0.35.


Be Aware

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


Porsche Automobil Holding SE Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Porsche Automobil Holding SE's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Porsche Automobil Holding SE (Porsche Automobil Holding SE) Business Description

Address
Porscheplatz 1, Stuttgart, BW, DEU, 70435
Porsche Automobil Holding SE is an automotive holdings company. The company's core investment is a controlling stake in Volkswagen AG. Through this stake, Porsche SE has an interest in passenger and luxury car manufacturers which include Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, and Porsche; motorcycles under the Ducati brand name; and commercial vehicles under Volkswagen Commercial Vehicles, Scania, and MAN. In addition to the automobile manufacturers, this core investment provides Porsche Automobil exposure to the Volkswagen Financial Services financing business. Porsche SE also has a minority stake in technology company INRIX, a company that provides connected-car services and real-time traffic information.

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