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MBGAF (Mercedes-Benz Group AG) Cyclically Adjusted Book per Share : $82.35 (As of Mar. 2025)


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What is Mercedes-Benz Group AG 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.

Mercedes-Benz Group AG's adjusted book value per share for the three months ended in Mar. 2025 was $105.881. 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 $82.35 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Mercedes-Benz Group AG's average Cyclically Adjusted Book Growth Rate was 8.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.00% 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 Mercedes-Benz Group AG was 11.10% per year. The lowest was -1.50% per year. And the median was 4.45% per year.

As of today (2025-05-19), Mercedes-Benz Group AG's current stock price is $59.34. Mercedes-Benz Group AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $82.35. Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio of today is 0.72.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mercedes-Benz Group AG was 1.95. The lowest was 0.39. And the median was 1.08.


Mercedes-Benz Group AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mercedes-Benz Group AG'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.

Mercedes-Benz Group AG Cyclically Adjusted Book per Share Chart

Mercedes-Benz Group AG 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 60.93 62.38 66.22 75.32 76.25

Mercedes-Benz Group AG 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 75.45 76.41 80.99 76.25 82.35

Competitive Comparison of Mercedes-Benz Group AG's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.


Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio falls into.


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Mercedes-Benz Group AG 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, Mercedes-Benz Group AG'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)
=105.881/127.7792*127.7792
=105.881

Current CPI (Mar. 2025) = 127.7792.

Mercedes-Benz Group AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 50.865 100.417 64.725
201509 52.299 100.417 66.550
201512 54.537 99.717 69.885
201603 55.889 100.017 71.403
201606 53.943 100.717 68.437
201609 56.328 101.017 71.251
201612 57.138 101.217 72.133
201703 57.417 101.417 72.342
201706 62.577 102.117 78.303
201709 68.589 102.717 85.324
201712 70.651 102.617 87.975
201803 75.508 102.917 93.749
201806 68.755 104.017 84.462
201809 70.053 104.718 85.481
201812 68.766 104.217 84.313
201903 70.232 104.217 86.110
201906 63.884 105.718 77.216
201909 63.172 106.018 76.139
201912 63.711 105.818 76.934
202003 63.659 105.718 76.944
202006 60.439 106.618 72.435
202009 62.911 105.818 75.968
202012 69.014 105.518 83.574
202103 73.868 107.518 87.788
202106 79.577 108.486 93.729
202109 81.027 109.435 94.610
202112 75.993 110.384 87.969
202203 79.510 113.968 89.145
202206 76.340 115.760 84.266
202209 75.512 118.818 81.207
202212 84.575 119.345 90.552
202303 89.889 122.402 93.838
202306 88.771 123.140 92.115
202309 90.789 124.195 93.409
202312 93.547 123.773 96.575
202403 97.304 125.038 99.437
202406 100.882 125.882 102.403
202409 103.662 126.198 104.961
202412 100.726 127.041 101.311
202503 105.881 127.779 105.881

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


Mercedes-Benz Group AG  (OTCPK:MBGAF) 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.

Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=59.34/82.35
=0.72

* 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 Mercedes-Benz Group AG was 1.95. The lowest was 0.39. And the median was 1.08.


Be Aware

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


Mercedes-Benz Group AG Cyclically Adjusted Book per Share Related Terms

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


Mercedes-Benz Group AG Business Description

Address
Mercedesstrasse 120, Stuttgart, BW, DEU, 70372
Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 450,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its own brand alone. In 2023, 16% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 54% were core (C and E Class), and 30% entry (A and B Class). In volume terms, Asia is Mercedes' largest market at 40% of 2023 vehicle sales followed by Europe at 38% and North America at 17%.
Executives
Elizabeth Centoni Supervisory Board
Marie Wieck Supervisory Board

Mercedes-Benz Group AG Headlines

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