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Honda Motor Co (FRA:HDMA) Cyclically Adjusted Book per Share : €31.96 (As of Mar. 2024)


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What is Honda Motor 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.

Honda Motor Co's adjusted book value per share for the three months ended in Mar. 2024 was €48.439. 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 €31.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Honda Motor Co's average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.10% 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 Honda Motor Co was 13.50% per year. The lowest was 1.70% per year. And the median was 7.40% per year.

As of today (2024-06-23), Honda Motor Co's current stock price is €29.00. Honda Motor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €31.96. Honda Motor Co's Cyclically Adjusted PB Ratio of today is 0.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Honda Motor Co was 1.87. The lowest was 0.58. And the median was 0.98.


Honda Motor Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Honda Motor 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.

Honda Motor Co Cyclically Adjusted Book per Share Chart

Honda Motor Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.96 29.81 31.26 32.67 31.96

Honda Motor 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 32.67 31.01 31.72 32.58 31.96

Competitive Comparison of Honda Motor Co's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Honda Motor 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.


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

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

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



Honda Motor 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, Honda Motor 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)
=48.439/107.2000*107.2000
=48.439

Current CPI (Mar. 2024) = 107.2000.

Honda Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 23.919 98.000 26.164
201409 25.301 98.500 27.536
201412 25.579 97.900 28.009
201503 30.271 97.900 33.147
201506 29.350 98.400 31.975
201509 29.375 98.500 31.970
201512 30.307 98.100 33.118
201603 29.832 97.900 32.666
201606 30.454 98.100 33.279
201609 31.884 98.000 34.877
201612 33.119 98.400 36.081
201703 33.518 98.100 36.627
201706 33.267 98.500 36.205
201709 32.331 98.800 35.080
201712 34.294 99.400 36.985
201803 34.119 99.200 36.871
201806 35.661 99.200 38.537
201809 36.322 99.900 38.976
201812 36.880 99.700 39.654
201903 37.414 99.700 40.228
201906 38.383 99.800 41.229
201909 40.025 100.100 42.864
201912 39.940 100.500 42.603
202003 39.005 100.300 41.688
202006 37.692 99.900 40.446
202009 37.452 99.900 40.189
202012 38.099 99.300 41.130
202103 40.648 99.900 43.618
202106 40.709 99.500 43.859
202109 42.529 100.100 45.546
202112 44.381 100.100 47.529
202203 46.881 101.100 49.710
202206 46.245 101.800 48.698
202209 48.035 103.100 49.945
202212 46.099 104.100 47.472
202303 46.957 104.400 48.216
202306 47.470 105.200 48.372
202309 48.050 106.200 48.502
202312 47.494 106.800 47.672
202403 48.439 107.200 48.439

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


Honda Motor Co  (FRA:HDMA) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.00/31.96
=0.91

* 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 Honda Motor Co was 1.87. The lowest was 0.58. 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.


Honda Motor Co Cyclically Adjusted Book per Share Related Terms

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


Honda Motor Co (FRA:HDMA) Business Description

Address
Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8556
Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 22.4 million cars and motorcycles in fiscal 2023 (3.7 million of which were autos), and consolidated sales were JPY 16.9 trillion. Automobiles constitute 63% of revenue and motorcycles 17%, with the rest split between power products and financial services. Honda also makes robots and private jets.

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