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Volvo AB (OSTO:VOLV A) Cyclically Adjusted Book per Share : kr77.02 (As of Mar. 2025)


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What is Volvo AB 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.

Volvo AB's adjusted book value per share for the three months ended in Mar. 2025 was kr96.422. 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 kr77.02 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Volvo AB's average Cyclically Adjusted Book Growth Rate was 6.00% 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 10.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.20% 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 Volvo AB was 14.30% per year. The lowest was -1.50% per year. And the median was 3.20% per year.

As of today (2025-06-01), Volvo AB's current stock price is kr266.40. Volvo AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr77.02. Volvo AB's Cyclically Adjusted PB Ratio of today is 3.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Volvo AB was 4.67. The lowest was 1.84. And the median was 3.32.


Volvo AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Volvo AB'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.

Volvo AB Cyclically Adjusted Book per Share Chart

Volvo AB 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 50.81 55.34 65.17 71.81 76.02

Volvo AB 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 72.69 73.85 74.53 76.02 77.02

Competitive Comparison of Volvo AB's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, Volvo AB'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.


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

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

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


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Volvo AB 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, Volvo AB'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)
=96.422/132.8245*132.8245
=96.422

Current CPI (Mar. 2025) = 132.8245.

Volvo AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 39.161 99.995 52.018
201509 39.535 100.228 52.393
201512 41.271 100.276 54.667
201603 42.669 100.751 56.252
201606 41.360 101.019 54.382
201609 42.778 101.138 56.181
201612 47.287 102.022 61.564
201703 49.900 102.022 64.966
201706 48.456 102.752 62.637
201709 49.708 103.279 63.928
201712 51.918 103.793 66.440
201803 56.286 103.962 71.913
201806 57.241 104.875 72.496
201809 59.901 105.679 75.288
201812 60.690 105.912 76.112
201903 67.181 105.886 84.272
201906 62.299 106.742 77.522
201909 66.336 107.214 82.182
201912 68.157 107.766 84.005
202003 72.099 106.563 89.867
202006 67.790 107.498 83.761
202009 69.656 107.635 85.957
202012 71.452 108.296 87.636
202103 79.539 108.360 97.497
202106 59.392 108.928 72.422
202109 63.666 110.338 76.641
202112 69.362 112.486 81.903
202203 75.985 114.825 87.896
202206 74.813 118.384 83.939
202209 81.136 122.296 88.121
202212 80.020 126.365 84.110
202303 86.126 127.042 90.046
202306 79.781 129.407 81.888
202309 85.533 130.224 87.241
202312 87.433 131.912 88.038
202403 79.054 132.205 79.424
202406 84.890 132.716 84.959
202409 88.131 132.304 88.478
202412 95.428 132.987 95.311
202503 96.422 132.825 96.422

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


Volvo AB  (OSTO:VOLV A) 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.

Volvo AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=266.40/77.02
=3.46

* 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 Volvo AB was 4.67. The lowest was 1.84. And the median was 3.32.


Be Aware

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


Volvo AB Cyclically Adjusted Book per Share Related Terms

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


Volvo AB Business Description

Address
Gropegardsgatan 2, Gothenburg, SWE, SE-417 15
Volvo AB drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing, and services that increase the customers' uptime and productivity. Its segments are Trucks, Construction Equipment, Buses, Volvo Penta, Financial Services, and Group Functions & Other. A majority of its revenue is generated from the Trucks segment, which is engaged in the manufacturing and selling of trucks under several brands, including Volvo, Renault, and others. This segment also comprises the activities of Volvo Autonomous Solutions, Volvo Energy, VE Commercial Vehicles, Dongfeng Commercial Vehicles, Cellcentric, Milence, Flexis, and Cespira. Geographically, it derives maximum revenue from the USA.

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