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SAIC Motor (SHSE:600104) Cyclically Adjusted Book per Share : ¥21.24 (As of Mar. 2024)


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What is SAIC Motor 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.

SAIC Motor's adjusted book value per share for the three months ended in Mar. 2024 was ¥24.996. 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 ¥21.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SAIC Motor's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.00% 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 SAIC Motor was 23.40% per year. The lowest was 7.30% per year. And the median was 16.50% per year.

As of today (2024-05-22), SAIC Motor's current stock price is ¥14.43. SAIC Motor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥21.24. SAIC Motor's Cyclically Adjusted PB Ratio of today is 0.68.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SAIC Motor was 3.53. The lowest was 0.64. And the median was 2.03.


SAIC Motor Cyclically Adjusted Book per Share Historical Data

The historical data trend for SAIC Motor'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.

SAIC Motor Cyclically Adjusted Book per Share Chart

SAIC Motor 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 15.56 16.94 18.52 19.96 20.92

SAIC Motor 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 20.22 20.38 20.77 20.92 21.24

Competitive Comparison of SAIC Motor's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, SAIC Motor'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.


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

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

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



SAIC Motor 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, SAIC Motor'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)
=24.996/115.2271*115.2271
=24.996

Current CPI (Mar. 2024) = 115.2271.

SAIC Motor Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.505 98.200 14.673
201409 13.136 98.900 15.305
201412 14.300 99.000 16.644
201503 14.980 99.900 17.278
201506 14.427 99.500 16.707
201509 15.038 100.500 17.242
201512 15.884 100.600 18.194
201603 16.665 102.200 18.789
201606 15.954 101.400 18.130
201609 16.704 102.400 18.796
201612 17.423 102.600 19.567
201703 18.446 103.200 20.596
201706 17.619 103.100 19.691
201709 18.454 104.100 20.427
201712 19.287 104.500 21.267
201803 20.058 105.300 21.949
201806 18.858 104.900 20.715
201809 19.746 106.600 21.344
201812 20.054 106.500 21.697
201903 21.013 107.700 22.482
201906 20.303 107.700 21.722
201909 20.936 109.800 21.971
201912 21.371 111.200 22.145
202003 21.338 112.300 21.894
202006 21.138 110.400 22.062
202009 21.761 111.700 22.448
202012 22.247 111.500 22.991
202103 22.958 112.662 23.481
202106 23.621 111.769 24.352
202109 23.183 112.215 23.805
202112 23.433 113.108 23.872
202203 23.739 114.335 23.924
202206 23.785 114.558 23.924
202209 23.353 115.339 23.330
202212 23.900 115.116 23.923
202303 24.084 115.116 24.107
202306 24.130 114.558 24.271
202309 24.471 115.339 24.447
202312 24.506 114.781 24.601
202403 24.996 115.227 24.996

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


SAIC Motor  (SHSE:600104) 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.

SAIC Motor's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.43/21.24
=0.68

* 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 SAIC Motor was 3.53. The lowest was 0.64. And the median was 2.03.


Be Aware

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


SAIC Motor Cyclically Adjusted Book per Share Related Terms

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


SAIC Motor (SHSE:600104) Business Description

Traded in Other Exchanges
N/A
Address
489 Weihai Road, Shanghai, CHN, 200041
SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. It is exploring intelligent driving technology research and industrialization of exploration. It is engaged in the research, production, and sales of parts for motor drive systems, chassis systems, batteries, electric drives, power electronics, and other new energy vehicles. Further, it is also involved in auto-related services such as logistics, e-commerce, travel, energy saving, and charging services; auto-related finance, insurance, and investment services; and the layout of industries of big data and artificial intelligence.

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