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Porsche Automobil Holding SE (WAR:PSHE) Cyclically Adjusted Book per Share : zł599.89 (As of Mar. 2024)


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What is Porsche Automobil Holding SE 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.

Porsche Automobil Holding SE's adjusted book value per share for the three months ended in Mar. 2024 was zł790.187. 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 zł599.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Porsche Automobil Holding SE's average Cyclically Adjusted Book Growth Rate was 9.30% 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.

As of today (2024-05-27), Porsche Automobil Holding SE's current stock price is zł205.00. Porsche Automobil Holding SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł599.89. Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio of today is 0.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Porsche Automobil Holding SE was 0.44. The lowest was 0.30. And the median was 0.35.


Porsche Automobil Holding SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Porsche Automobil Holding SE'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.

Porsche Automobil Holding SE Cyclically Adjusted Book per Share Chart

Porsche Automobil Holding SE 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 - - - - 603.63

Porsche Automobil Holding SE 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 - 610.96 645.67 603.63 599.89

Competitive Comparison of Porsche Automobil Holding SE's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Porsche Automobil Holding SE'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.


Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio falls into.



Porsche Automobil Holding SE 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, Porsche Automobil Holding SE'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)
=790.187/125.0381*125.0381
=790.187

Current CPI (Mar. 2024) = 125.0381.

Porsche Automobil Holding SE Quarterly Data

Book Value per Share CPI Adj_Book
200907 484.232 92.359 655.566
201001 504.320 92.359 682.761
201006 0.000 93.199 0.000
201106 615.814 95.158 809.184
201112 351.220 95.998 457.469
201206 352.006 96.744 454.955
201212 478.914 97.957 611.316
201306 500.241 98.516 634.911
201312 1,068.776 99.356 1,345.039
201406 510.027 99.543 640.658
201412 460.761 99.543 578.774
201506 442.410 100.417 550.886
201512 377.629 99.717 473.522
201606 384.978 100.717 477.943
201612 376.712 101.217 465.370
201706 433.197 102.117 530.432
201712 474.100 102.617 577.687
201806 480.391 104.017 577.473
201812 486.698 104.217 583.931
201903 0.000 104.217 0.000
201906 489.127 105.718 578.518
201909 0.000 106.018 0.000
201912 501.915 105.818 593.082
202003 509.922 105.718 603.113
202006 499.139 106.618 585.375
202009 523.862 105.818 619.015
202012 559.853 105.518 663.424
202103 583.170 107.518 678.198
202106 616.851 108.486 710.967
202109 612.037 109.435 699.302
202112 610.429 110.384 691.470
202203 647.771 113.968 710.691
202206 658.874 115.760 711.680
202209 654.391 118.818 688.649
202212 707.127 119.345 740.860
202303 728.118 122.402 743.797
202306 737.129 123.140 748.489
202309 758.252 124.195 763.402
202312 772.444 123.773 780.340
202403 790.187 125.038 790.187

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


Porsche Automobil Holding SE  (WAR:PSHE) 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.

Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=205.00/599.89
=0.34

* 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 Porsche Automobil Holding SE was 0.44. The lowest was 0.30. And the median was 0.35.


Be Aware

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


Porsche Automobil Holding SE Cyclically Adjusted Book per Share Related Terms

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


Porsche Automobil Holding SE (WAR:PSHE) Business Description

Address
Porscheplatz 1, Stuttgart, BW, DEU, 70435
Porsche Automobil Holding SE is an automotive holdings company. The company's core investment is a controlling stake in Volkswagen AG. Through this stake, Porsche SE has an interest in passenger and luxury car manufacturers which include Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, and Porsche; motorcycles under the Ducati brand name; and commercial vehicles under Volkswagen Commercial Vehicles, Scania, and MAN. In addition to the automobile manufacturers, this core investment provides Porsche Automobil exposure to the Volkswagen Financial Services financing business. Porsche SE also has a minority stake in technology company INRIX, a company that provides connected-car services and real-time traffic information.

Porsche Automobil Holding SE (WAR:PSHE) Headlines

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