Mercedes-Benz Group AG (BSE:DAI) Cyclically Adjusted Book per Share: lei428.70 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSE:DAI Mercedes-Benz Group AG BSE:DAI
74 GF Score
Price lei245.05
GF Value lei283.62
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Mercedes-Benz Group AG Cyclically Adjusted Book per Share?

Mercedes-Benz Group AG BSE:DAI +0.16% 74 Cyclically Adjusted Book per Share is lei428.70 as of Jun. 2026. GuruFocus rates BSE:DAI with a GF Score™ of 74/100 and a GF Value™ of lei283.62 (Modestly Undervalued). The stock has 5 warning signs investors should review.

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.

Mercedes-Benz Group AG's adjusted book value per share for the three months ended in Jun. 2026 was lei505.282. 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 lei428.70 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Mercedes-Benz Group AG's average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.70% 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 Mercedes-Benz Group AG was 11.10% per year. The lowest was -1.50% per year. And the median was 5.30% per year.

As of today (2026-09-02), Mercedes-Benz Group AG's current stock price is lei245.05. Mercedes-Benz Group AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was lei428.70. Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio of today is 0.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mercedes-Benz Group AG was 1.48. The lowest was 0.39. And the median was 0.98.


Mercedes-Benz Group AG  (BSE:DAI) 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.

Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=245.05/428.70
=0.57

* 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 Mercedes-Benz Group AG was 1.48. The lowest was 0.39. And the median was 0.98.


Be Aware

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


Mercedes-Benz Group AG Cyclically Adjusted Book per Share Related Terms


Mercedes-Benz Group AG Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Mercedes-Benz Group AG'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.

Mercedes-Benz Group AG Cyclically Adjusted Book per Share Chart

Mercedes-Benz Group AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 278.30 310.85 341.55 365.58 396.04

Mercedes-Benz Group AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 382.90 396.33 396.04 411.54 428.70

BSE:DAI vs TSLA, GM, F: Cyclically Adjusted Book per Share Comparison

For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.


Mercedes-Benz Group AG Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

* The bar in red indicates where Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio falls into.


BSE:DAI
74GF Score
Mercedes-Benz Group AG BSE:DAI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercedes-Benz Group AG 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, Mercedes-Benz Group AG's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=505.282/131.3638*131.3638
=505.282

Current CPI (Jun. 2026) = 131.3638.

Mercedes-Benz Group AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 255.519 101.017 332.281
201612 259.197 101.217 336.397
201703 260.460 101.417 337.370
201706 283.868 102.117 365.169
201709 311.141 102.717 397.915
201712 320.492 102.617 410.273
201803 342.525 102.917 437.200
201806 311.892 104.017 393.889
201809 317.782 104.718 398.644
201812 311.945 104.217 393.200
201903 318.593 104.217 401.580
201906 289.799 105.718 360.102
201909 286.568 106.018 355.079
201912 289.011 105.818 358.783
202003 288.778 105.718 358.833
202006 274.170 106.618 337.805
202009 285.386 105.818 354.283
202012 313.067 105.518 389.752
202103 335.087 107.518 409.404
202106 360.985 108.486 437.111
202109 367.562 109.435 441.216
202112 344.729 110.384 410.251
202203 360.682 113.968 415.735
202206 346.301 115.760 392.979
202209 342.544 118.818 378.713
202212 383.660 119.345 422.297
202303 407.766 122.402 437.620
202306 402.693 123.140 429.585
202309 411.845 124.195 435.619
202312 424.356 123.773 450.381
202403 441.398 125.038 463.728
202406 457.632 125.882 477.562
202409 470.244 126.198 489.494
202412 456.924 127.041 472.471
202503 480.309 127.779 493.783
202506 493.548 128.412 504.894
202509 510.055 129.255 518.376
202512 517.445 129.361 525.458
202603 520.427 131.258 520.845
202606 505.282 131.364 505.282

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

What does a Cyclically Adjusted Book per Share of lei428.70 mean?
Mercedes-Benz Group AG (BSE:DAI) has a Cyclically Adjusted Book per Share of lei428.70 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Mercedes-Benz Group AG and its competitors.
Is Mercedes-Benz Group AG's Cyclically Adjusted Book per Share too high?
Mercedes-Benz Group AG's current Cyclically Adjusted Book per Share is lei428.70. Overall, Mercedes-Benz Group AG has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercedes-Benz Group AG's Cyclically Adjusted Book per Share compare to TSLA and GM?
Mercedes-Benz Group AG's Cyclically Adjusted Book per Share of lei428.70 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Vehicles & Parts company?
A good Cyclically Adjusted Book per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Mercedes-Benz Group AG and its competitors. Mercedes-Benz Group AG's current Cyclically Adjusted Book per Share is lei428.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercedes-Benz Group AG stock overvalued right now?
Based on GuruFocus' analysis, Mercedes-Benz Group AG (BSE:DAI) is currently considered Modestly Undervalued. The stock's GF Value™ is lei283.62, compared to a current price of lei245.05 — trading 13.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is lei428.70. Mercedes-Benz Group AG's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Mercedes-Benz Group AG (BSE:DAI), the current Cyclically Adjusted Book per Share is lei428.70 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mercedes-Benz Group AG (BSE:DAI) Overvalued in 2026?

Based on GuruFocus' analysis, Mercedes-Benz Group AG stock appears to be undervalued. The current stock price of lei245.05 is trading 13.6% below its estimated GF Value™ of lei283.62. GuruFocus considers Mercedes-Benz Group AG to be Modestly Undervalued.

Key valuation signals for BSE:DAI:

  • Cyclically Adjusted Book per Share: lei428.70
  • GF Value™: lei283.62 vs. price of lei245.05 (13.6% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the BSE:DAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercedes-Benz Group AG Business Description

Address Mercedesstrasse 120, Stuttgart, BW, DEU, 70372
Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 400,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its brand alone. In 2025, 15% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 58% were core (C and E Class), and 27% entry (A and B Class). In volume terms, Asia and Europe are Mercedes' largest markets, representing 41% and 36% of 2025 vehicle sales, respectively, followed by North America at 16%.
74GF Score

Get the complete analysis for BSE:DAI

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

lei245.05
Price
lei283.62
GF Value