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Bayerische Motoren Werke AG (WAR:BMW) Cyclically Adjusted Book per Share : zł458.87 (As of Mar. 2024)


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What is Bayerische Motoren Werke 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.

Bayerische Motoren Werke AG's adjusted book value per share for the three months ended in Mar. 2024 was zł633.793. 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 zł458.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bayerische Motoren Werke AG's average Cyclically Adjusted Book Growth Rate was 9.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.10% 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 Bayerische Motoren Werke AG was 14.40% per year. The lowest was 9.20% per year. And the median was 11.45% per year.

As of today (2024-06-19), Bayerische Motoren Werke AG's current stock price is zł394.00. Bayerische Motoren Werke AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł458.87. Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio of today is 0.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bayerische Motoren Werke AG was 1.86. The lowest was 0.65. And the median was 1.09.


Bayerische Motoren Werke AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bayerische Motoren Werke 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.

Bayerische Motoren Werke AG Cyclically Adjusted Book per Share Chart

Bayerische Motoren Werke AG 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 - - - - 450.61

Bayerische Motoren Werke AG 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 - 433.50 473.30 450.61 458.87

Competitive Comparison of Bayerische Motoren Werke AG's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Bayerische Motoren Werke 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.


Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio falls into.



Bayerische Motoren Werke 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, Bayerische Motoren Werke AG'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)
=633.793/125.0381*125.0381
=633.793

Current CPI (Mar. 2024) = 125.0381.

Bayerische Motoren Werke AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 302.559 99.543 380.052
201409 291.288 99.823 364.869
201412 282.501 99.543 354.857
201503 239.033 99.717 299.732
201506 264.736 100.417 329.647
201509 281.820 100.417 350.920
201512 285.044 99.717 357.427
201603 304.945 100.017 381.234
201606 301.817 100.717 374.700
201609 312.043 101.017 386.245
201612 305.594 101.217 377.515
201703 324.365 101.417 399.913
201706 347.033 102.117 424.928
201709 383.931 102.717 467.361
201712 391.051 102.617 476.492
201803 424.388 102.917 515.605
201806 396.858 104.017 477.059
201809 404.240 104.718 482.683
201812 400.049 104.217 479.971
201903 399.577 104.217 479.405
201906 391.592 105.718 463.158
201909 388.904 106.018 458.676
201912 404.287 105.818 477.721
202003 410.958 105.718 486.063
202006 399.562 106.618 468.594
202009 431.130 105.818 509.440
202012 453.775 105.518 537.722
202103 472.820 107.518 549.867
202106 508.209 108.486 585.749
202109 516.278 109.435 589.890
202112 513.409 110.384 581.570
202203 572.855 113.968 628.498
202206 542.972 115.760 586.489
202209 523.266 118.818 550.660
202212 562.676 119.345 589.518
202303 584.119 122.402 596.697
202306 565.967 123.140 574.689
202309 596.912 124.195 600.966
202312 618.169 123.773 624.488
202403 633.793 125.038 633.793

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


Bayerische Motoren Werke AG  (WAR:BMW) 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.

Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=394.00/458.87
=0.86

* 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 Bayerische Motoren Werke AG was 1.86. The lowest was 0.65. And the median was 1.09.


Be Aware

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


Bayerische Motoren Werke AG Cyclically Adjusted Book per Share Related Terms

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


Bayerische Motoren Werke AG (WAR:BMW) Business Description

Address
Petuelring 130, Munich, BY, DEU, 80809
In addition to being one of the world's leading premium light-vehicle manufacturers, BMW Group produces BMW motorcycles and provides financial services. Premium light-vehicle brands include BMW, Mini, and ultraluxury brand Rolls-Royce. Operations include 31 production facilities in 15 countries, research and development facilities in 17 countries, and a sales network reaching over 140 countries. In 2022, worldwide sales volume roughly 2.4 million automobiles and about 216,000 motorcycles.

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