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Rush Enterprises (Rush Enterprises) Cyclically Adjusted PB Ratio : 2.61 (As of Apr. 29, 2024)


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What is Rush Enterprises Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Rush Enterprises's current share price is $43.85. Rush Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $16.77. Rush Enterprises's Cyclically Adjusted PB Ratio for today is 2.61.

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

RUSHB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 2.38   Max: 3.36
Current: 2.94

During the past years, Rush Enterprises's highest Cyclically Adjusted PB Ratio was 3.36. The lowest was 1.07. And the median was 2.38.

RUSHB's Cyclically Adjusted PB Ratio is ranked worse than
77.54% of 904 companies
in the Vehicles & Parts industry
Industry Median: 1.235 vs RUSHB: 2.94

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.

Rush Enterprises's adjusted book value per share data for the three months ended in Dec. 2023 was $24.039. 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 $16.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rush Enterprises Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Rush Enterprises'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.

Rush Enterprises Cyclically Adjusted PB Ratio Chart

Rush Enterprises 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 2.19 2.65 3.05 2.48 3.16

Rush Enterprises 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 2.49 2.68 2.61 3.16 -

Competitive Comparison of Rush Enterprises's Cyclically Adjusted PB Ratio

For the Auto & Truck Dealerships subindustry, Rush Enterprises'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.


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

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

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



Rush Enterprises 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.

Rush Enterprises's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.85/16.77
=2.61

* 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.

Rush Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Rush Enterprises'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)
=24.039/129.4194*129.4194
=24.039

Current CPI (Dec. 2023) = 129.4194.

Rush Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.694 99.695 9.988
201406 7.941 100.560 10.220
201409 8.224 100.428 10.598
201412 8.516 99.070 11.125
201503 8.663 99.621 11.254
201506 8.913 100.684 11.457
201509 9.162 100.392 11.811
201512 9.295 99.792 12.055
201603 9.285 100.470 11.960
201606 9.451 101.688 12.028
201609 9.623 101.861 12.226
201612 9.770 101.863 12.413
201703 9.871 102.862 12.420
201706 10.087 103.349 12.631
201709 10.434 104.136 12.967
201712 11.614 104.011 14.451
201803 11.695 105.290 14.375
201806 12.057 106.317 14.677
201809 12.457 106.507 15.137
201812 12.816 105.998 15.648
201903 13.027 107.251 15.720
201906 13.589 108.070 16.274
201909 13.965 108.329 16.684
201912 14.238 108.420 16.996
202003 14.411 108.902 17.126
202006 14.593 108.767 17.364
202009 14.948 109.815 17.617
202012 15.377 109.897 18.109
202103 15.714 111.754 18.198
202106 16.290 114.631 18.391
202109 16.972 115.734 18.979
202112 17.617 117.630 19.383
202203 18.495 121.301 19.733
202206 19.501 125.017 20.188
202209 20.287 125.227 20.966
202212 21.367 125.222 22.083
202303 22.166 127.348 22.527
202306 23.109 128.729 23.233
202309 23.733 129.860 23.653
202312 24.039 129.419 24.039

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.


Rush Enterprises  (NAS:RUSHB) 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.


Rush Enterprises Cyclically Adjusted PB Ratio Related Terms

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


Rush Enterprises (Rush Enterprises) Business Description

Traded in Other Exchanges
Address
555 IH-35 South, Suite 500, New Braunfels, TX, USA, 78130
Rush Enterprises Inc is a full-service, integrated retailer of commercial vehicles and related services. The company operates in a single segment; Truck Segment includes the operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. It sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, and Blue Bird and also provides one-stop service for the needs of commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. The company's business is concentrated in the United States commercial vehicle markets and related aftermarkets.