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Kia (KIMTF) Cyclically Adjusted Book per Share : $23.10 (As of Mar. 2024)


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What is Kia 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.

Kia's adjusted book value per share for the three months ended in Mar. 2024 was $90.520. 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 $23.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kia's average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.10% 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 Kia was 12.70% per year. The lowest was 10.70% per year. And the median was 11.10% per year.

As of today (2024-05-25), Kia's current stock price is $30.30. Kia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $23.10. Kia's Cyclically Adjusted PB Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kia was 1.71. The lowest was 0.44. And the median was 0.93.


Kia Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kia'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.

Kia Cyclically Adjusted Book per Share Chart

Kia 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 37.22 28.89 24.49 38.16 25.01

Kia 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 28.74 26.90 30.26 25.01 23.10

Competitive Comparison of Kia's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Kia'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.


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

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

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



Kia 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, Kia'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)
=90.52/118.8477*118.8477
=90.520

Current CPI (Mar. 2024) = 118.8477.

Kia Quarterly Data

Book Value per Share CPI Adj_Book
201406 52.385 99.353 62.664
201409 53.117 99.608 63.377
201412 50.466 99.098 60.524
201503 50.286 99.720 59.932
201506 52.160 100.050 61.960
201509 50.499 100.110 59.951
201512 51.600 100.220 61.191
201603 51.922 100.560 61.364
201606 54.084 100.790 63.774
201609 57.570 101.460 67.436
201612 56.036 101.560 65.575
201703 58.215 102.850 67.270
201706 59.883 102.610 69.359
201709 59.511 103.490 68.342
201712 61.868 102.990 71.394
201803 62.882 104.100 71.790
201806 62.061 104.130 70.833
201809 60.907 105.650 68.515
201812 60.539 104.350 68.950
201903 60.962 104.490 69.339
201906 60.262 104.880 68.288
201909 60.023 105.200 67.810
201912 61.528 105.120 69.563
202003 58.851 105.540 66.272
202006 59.727 104.870 67.688
202009 61.556 106.200 68.887
202012 68.163 105.765 76.594
202103 68.023 107.357 75.304
202106 71.797 107.579 79.318
202109 71.842 108.759 78.506
202112 73.549 109.676 79.699
202203 71.182 111.806 75.665
202206 74.059 114.083 77.152
202209 70.343 114.831 72.803
202212 75.850 115.200 78.252
202303 77.728 116.550 79.261
202306 83.767 117.140 84.988
202309 86.013 119.111 85.823
202312 90.076 118.848 90.076
202403 90.520 118.848 90.520

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


Kia  (OTCPK:KIMTF) 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.

Kia's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.30/23.1
=1.31

* 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 Kia was 1.71. The lowest was 0.44. And the median was 0.93.


Be Aware

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


Kia Cyclically Adjusted Book per Share Related Terms

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


Kia (KIMTF) Business Description

Industry
Traded in Other Exchanges
Address
12 Heolleung-ro, Seocho-gu, Seoul, KOR, 06797
Kia Corp is a Korean motor-vehicle manufacturer. While the company has factories in several countries, the majority of vehicles are manufactured domestically. The company's consolidated revenue is principally derived from the manufacture of passenger vehicles, with another third from recreational vehicles, and a small footprint in commercial vehicles. The three largest individual countries together constitute more than half of total retail sales, with the United States contributing the largest portion, followed closely by China and then Korea.