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Ford Otomotivnayi AS (IST:FROTO) Cyclically Adjusted Book per Share : ₺36.06 (As of Mar. 2024)


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What is Ford Otomotivnayi AS 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.

Ford Otomotivnayi AS's adjusted book value per share for the three months ended in Mar. 2024 was ₺256.231. 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 ₺36.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ford Otomotivnayi AS's average Cyclically Adjusted Book Growth Rate was 84.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 46.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 29.80% 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 Ford Otomotivnayi AS was 46.70% per year. The lowest was 14.80% per year. And the median was 28.00% per year.

As of today (2024-06-19), Ford Otomotivnayi AS's current stock price is ₺1079.00. Ford Otomotivnayi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₺36.06. Ford Otomotivnayi AS's Cyclically Adjusted PB Ratio of today is 29.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ford Otomotivnayi AS was 44.39. The lowest was 5.46. And the median was 18.23.


Ford Otomotivnayi AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ford Otomotivnayi AS'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.

Ford Otomotivnayi AS Cyclically Adjusted Book per Share Chart

Ford Otomotivnayi AS 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 8.54 9.29 11.65 17.90 29.35

Ford Otomotivnayi AS 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 19.60 21.56 24.44 29.35 36.06

Competitive Comparison of Ford Otomotivnayi AS's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Ford Otomotivnayi AS'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.


Ford Otomotivnayi AS's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Ford Otomotivnayi AS's Cyclically Adjusted PB Ratio falls into.



Ford Otomotivnayi AS 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, Ford Otomotivnayi AS'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)
=256.231/131.7762*131.7762
=256.231

Current CPI (Mar. 2024) = 131.7762.

Ford Otomotivnayi AS Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.512 100.560 9.844
201409 7.882 100.428 10.342
201412 7.849 99.070 10.440
201503 7.926 99.621 10.484
201506 8.230 100.684 10.772
201509 8.096 100.392 10.627
201512 8.720 99.792 11.515
201603 8.300 100.470 10.886
201606 9.079 101.688 11.765
201609 9.399 101.861 12.159
201612 9.015 101.863 11.662
201703 8.474 102.862 10.856
201706 9.494 103.349 12.105
201709 10.368 104.136 13.120
201712 10.532 104.011 13.343
201803 9.197 105.290 11.511
201806 10.262 106.317 12.719
201809 9.748 106.507 12.061
201812 11.095 105.998 13.793
201903 9.949 107.251 12.224
201906 11.265 108.070 13.736
201909 13.160 108.329 16.008
201912 13.294 108.420 16.158
202003 11.448 108.902 13.853
202006 11.826 108.767 14.328
202009 13.602 109.815 16.322
202012 20.073 109.897 24.069
202103 17.236 111.754 20.324
202106 19.879 114.631 22.852
202109 25.660 115.734 29.217
202112 28.921 117.630 32.399
202203 23.639 121.301 25.680
202206 33.252 125.017 35.050
202209 44.567 125.227 46.898
202212 145.740 125.222 153.368
202303 62.872 127.348 65.058
202306 77.773 128.729 79.614
202309 115.433 129.860 117.137
202312 208.052 129.419 211.841
202403 256.231 131.776 256.231

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


Ford Otomotivnayi AS  (IST:FROTO) 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.

Ford Otomotivnayi AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1079.00/36.06
=29.92

* 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 Ford Otomotivnayi AS was 44.39. The lowest was 5.46. And the median was 18.23.


Be Aware

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


Ford Otomotivnayi AS Cyclically Adjusted Book per Share Related Terms

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


Ford Otomotivnayi AS (IST:FROTO) Business Description

Traded in Other Exchanges
Address
Akpmar Mahallesi, Hasan Basri Caddessi, Sancaktepe, Istanbul, TUR
Ford Otomotiv Sanayi AS is an automobile manufacturing company domiciled in Turkey. The company principally manufactures, imports, and distributes passenger vehicles, commercial vehicles, and spare parts and accessories under the Ford brand. The company organises itself into four segments, based on product type: passenger cars, light commercial vehicles, medium commercial vehicles, and trucks. Geographically, domestic sales are most significant, and constitute more than a third of consolidated revenue, followed by England and Germany.

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