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PACCAR (LTS:0KET) Cyclically Adjusted Book per Share : $24.15 (As of Mar. 2025)


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What is PACCAR 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.

PACCAR's adjusted book value per share for the three months ended in Mar. 2025 was $34.330. 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 $24.15 for the trailing ten years ended in Mar. 2025.

During the past 12 months, PACCAR's average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.60% 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 PACCAR was 13.70% per year. The lowest was 4.80% per year. And the median was 8.80% per year.

As of today (2025-05-30), PACCAR's current stock price is $94.275. PACCAR's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $24.15. PACCAR's Cyclically Adjusted PB Ratio of today is 3.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PACCAR was 5.82. The lowest was 2.47. And the median was 3.64.


PACCAR Cyclically Adjusted Book per Share Historical Data

The historical data trend for PACCAR'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.

PACCAR Cyclically Adjusted Book per Share Chart

PACCAR 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 - 16.97 19.23 21.20 23.51

PACCAR 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 22.01 22.50 23.05 23.51 24.15

Competitive Comparison of PACCAR's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, PACCAR'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.


PACCAR's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, PACCAR's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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PACCAR 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, PACCAR'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)
=34.33/134.9266*134.9266
=34.330

Current CPI (Mar. 2025) = 134.9266.

PACCAR Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.560 100.684 18.172
201509 13.846 100.392 18.609
201512 13.171 99.792 17.808
201603 12.068 100.470 16.207
201606 12.762 101.688 16.933
201609 13.269 101.861 17.576
201612 12.884 101.863 17.066
201703 13.434 102.862 17.622
201706 14.234 103.349 18.583
201709 15.051 104.136 19.501
201712 15.256 104.011 19.791
201803 16.235 105.290 20.805
201806 16.689 106.317 21.180
201809 17.479 106.507 22.143
201812 16.528 105.998 21.039
201903 17.519 107.251 22.040
201906 18.544 108.070 23.152
201909 19.213 108.329 23.930
201912 18.685 108.420 23.253
202003 18.585 108.902 23.026
202006 18.849 108.767 23.382
202009 19.606 109.815 24.089
202012 19.985 109.897 24.537
202103 20.580 111.754 24.847
202106 21.476 114.631 25.278
202109 21.757 115.734 25.365
202112 22.255 117.630 25.528
202203 23.284 121.301 25.899
202206 24.003 125.017 25.906
202209 24.716 125.227 26.631
202212 25.224 125.222 27.179
202303 26.565 127.348 28.146
202306 28.846 128.729 30.235
202309 30.633 129.860 31.828
202312 30.344 129.419 31.635
202403 32.195 131.776 32.965
202406 33.765 132.554 34.369
202409 35.600 133.029 36.108
202412 33.385 133.157 33.829
202503 34.330 134.927 34.330

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


PACCAR  (LTS:0KET) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=94.275/24.15
=3.90

* 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 PACCAR was 5.82. The lowest was 2.47. And the median was 3.64.


Be Aware

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


PACCAR Cyclically Adjusted Book per Share Related Terms

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


PACCAR Business Description

Address
777-106th Avenue North East, Bellevue, WA, USA, 98004
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium nameplates Kenworth and Peterbilt, which are primarily sold in the Americas and Australia, and DAF, which primarily services Europe and South America. The trucks segment (74% sales) goes to market through a network of 2,200 independent dealers. Paccar maintains an internal finance subsidiary that provides retail and wholesale financing for customers and dealers (6% sales). In recent years, Paccar has aggressively grown its parts business (20% sales), which include engines, axles, and transmissions for its own truck brands as well as independent producers. The company commands approximately 30% of the Class 8 market share in North America and 15% of the heavy-duty market share in Europe.

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