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BYD Co (BYD Co) Cyclically Adjusted Book per Share : $6.19 (As of Mar. 2024)


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What is BYD Co 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.

BYD Co's adjusted book value per share for the three months ended in Mar. 2024 was $13.651. 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 $6.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BYD Co's average Cyclically Adjusted Book Growth Rate was 16.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.80% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of BYD Co was 14.70% per year. The lowest was 11.30% per year. And the median was 12.00% per year.

As of today (2024-05-15), BYD Co's current stock price is $57.05. BYD Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.19. BYD Co's Cyclically Adjusted PB Ratio of today is 9.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BYD Co was 18.81. The lowest was 2.98. And the median was 9.36.


BYD Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for BYD Co'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.

BYD Co Cyclically Adjusted Book per Share Chart

BYD Co 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 3.12 4.28 4.51 3.95 6.64

BYD Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.91 5.46 5.99 6.64 6.19

Competitive Comparison of BYD Co's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, BYD Co'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.


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

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

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



BYD Co 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, BYD Co'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)
=13.651/114.6694*114.6694
=13.651

Current CPI (Mar. 2024) = 114.6694.

BYD Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.285 98.200 3.836
201409 3.334 98.900 3.866
201412 3.311 99.000 3.835
201503 3.301 99.900 3.789
201506 3.364 99.500 3.877
201509 3.676 100.500 4.194
201512 4.045 100.600 4.611
201603 4.112 102.200 4.614
201606 4.270 101.400 4.829
201609 5.558 102.400 6.224
201612 5.430 102.600 6.069
201703 5.530 103.200 6.145
201706 5.668 103.100 6.304
201709 6.038 104.100 6.651
201712 6.066 104.500 6.656
201803 6.387 105.300 6.955
201806 6.149 104.900 6.722
201809 5.826 106.600 6.267
201812 5.879 106.500 6.330
201903 6.172 107.700 6.571
201906 6.025 107.700 6.415
201909 5.856 109.800 6.116
201912 5.933 111.200 6.118
202003 5.922 112.300 6.047
202006 6.204 110.400 6.444
202009 6.433 111.700 6.604
202012 6.376 111.500 6.557
202103 8.710 112.662 8.865
202106 8.840 111.769 9.069
202109 8.776 112.215 8.968
202112 10.255 113.108 10.397
202203 10.378 114.335 10.408
202206 9.913 114.558 9.923
202209 10.033 115.339 9.975
202212 10.941 115.116 10.899
202303 11.523 115.116 11.478
202306 11.480 114.558 11.491
202309 12.224 115.339 12.153
202312 13.356 114.669 13.356
202403 13.651 114.669 13.651

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


BYD Co  (OTCPK:BYDDY) 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.

BYD Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=57.05/6.19
=9.22

* 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 BYD Co was 18.81. The lowest was 2.98. And the median was 9.36.


Be Aware

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


BYD Co Cyclically Adjusted Book per Share Related Terms

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


BYD Co (BYD Co) Business Description

Industry
Address
No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, CHN, 518118
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold more than 1.8 million passenger NEVs in 2022, accounting for about 28% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

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