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Porsche Automobil Holding SE (LTS:0JHU) Cyclically Adjusted Book per Share : €146.52 (As of Mar. 2025)


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What is Porsche Automobil Holding SE 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.

Porsche Automobil Holding SE's adjusted book value per share for the three months ended in Mar. 2025 was €112.402. 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 €146.52 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Porsche Automobil Holding SE's average Cyclically Adjusted Book Growth Rate was 4.30% 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.

As of today (2025-05-30), Porsche Automobil Holding SE's current stock price is €35.545. Porsche Automobil Holding SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €146.52. Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio of today is 0.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Porsche Automobil Holding SE was 0.42. The lowest was 0.22. And the median was 0.31.


Porsche Automobil Holding SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Porsche Automobil Holding SE'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.

Porsche Automobil Holding SE Cyclically Adjusted Book per Share Chart

Porsche Automobil Holding SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 138.51 146.15

Porsche Automobil Holding SE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 141.01 143.65 145.27 146.15 146.52

Competitive Comparison of Porsche Automobil Holding SE's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Porsche Automobil Holding SE'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.


Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio falls into.


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Porsche Automobil Holding SE 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, Porsche Automobil Holding SE's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=112.402/127.7792*127.7792
=112.402

Current CPI (Mar. 2025) = 127.7792.

Porsche Automobil Holding SE Quarterly Data

Book Value per Share CPI Adj_Book
201112 68.078 95.998 90.616
201206 71.553 96.744 94.507
201212 93.074 97.957 121.410
201306 96.709 98.516 125.435
201312 198.988 99.356 255.913
201406 95.739 99.543 122.897
201412 95.304 99.543 122.338
201506 100.536 100.417 127.931
201512 88.415 99.717 113.297
201606 87.386 100.717 110.866
201612 91.082 101.217 114.985
201706 98.331 102.117 123.042
201712 102.175 102.617 127.229
201806 104.878 104.017 128.837
201812 109.110 104.217 133.778
201903 0.000 104.217 0.000
201906 110.403 105.718 133.442
201909 0.000 106.018 0.000
201912 115.210 105.818 139.121
202003 117.698 105.718 142.260
202006 113.045 106.618 135.482
202009 113.433 105.818 136.975
202012 117.371 105.518 142.133
202103 124.937 107.518 148.481
202106 130.580 108.486 153.803
202109 132.682 109.435 154.923
202112 137.783 110.384 159.497
202203 150.011 113.968 168.190
202206 158.968 115.760 175.473
202209 168.568 118.818 181.282
202212 170.250 119.345 182.282
202303 173.447 122.402 181.066
202306 173.525 123.140 180.062
202309 181.205 124.195 186.435
202312 179.905 123.773 185.728
202403 185.411 125.038 189.476
202406 187.229 125.882 190.052
202409 185.923 126.198 188.253
202412 114.638 127.041 115.304
202503 112.402 127.779 112.402

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


Porsche Automobil Holding SE  (LTS:0JHU) 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.

Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35.545/146.52
=0.24

* 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 Porsche Automobil Holding SE was 0.42. The lowest was 0.22. And the median was 0.31.


Be Aware

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


Porsche Automobil Holding SE Cyclically Adjusted Book per Share Related Terms

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


Porsche Automobil Holding SE Business Description

Address
Porscheplatz 1, Stuttgart, BW, DEU, 70435
Porsche Automobil Holding SE is an automotive holdings company. The company's core investment is a controlling stake in Volkswagen AG. Through this stake, Porsche SE has an interest in passenger and luxury car manufacturers which include Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, and Porsche; motorcycles under the Ducati brand name; and commercial vehicles under Volkswagen Commercial Vehicles, Scania, and MAN. In addition to the automobile manufacturers, this core investment provides Porsche Automobil exposure to the Volkswagen Financial Services financing business. Porsche SE also has a minority stake in technology company INRIX, a company that provides connected-car services and real-time traffic information.

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