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Hyundai (XKRX:011760) Cyclically Adjusted Book per Share : ₩38,958.90 (As of Dec. 2023)


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What is Hyundai 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.

Hyundai's adjusted book value per share for the three months ended in Dec. 2023 was ₩48,069.848. 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 ₩38,958.90 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Hyundai's average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.40% 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 Hyundai was 5.00% per year. The lowest was 4.00% per year. And the median was 4.40% per year.

As of today (2024-05-19), Hyundai's current stock price is ₩21150.00. Hyundai's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₩38,958.90. Hyundai's Cyclically Adjusted PB Ratio of today is 0.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hyundai was 1.39. The lowest was 0.23. And the median was 0.53.


Hyundai Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hyundai'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.

Hyundai Cyclically Adjusted Book per Share Chart

Hyundai 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 32,764.10 34,247.80 36,077.70 37,935.50 38,958.90

Hyundai Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 37,935.50 38,399.90 38,618.90 39,200.80 38,958.90

Competitive Comparison of Hyundai's Cyclically Adjusted Book per Share

For the Industrial Distribution subindustry, Hyundai'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.


Hyundai's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hyundai's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hyundai 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, Hyundai's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=48069.848/118.8477*118.8477
=48,069.848

Current CPI (Dec. 2023) = 118.8477.

Hyundai Quarterly Data

Book Value per Share CPI Adj_Book
201403 45,012.140 99.253 53,898.515
201406 44,794.165 99.353 53,583.520
201409 46,330.074 99.608 55,278.921
201412 50,366.867 99.098 60,404.714
201503 51,326.974 99.720 61,172.210
201506 52,580.856 100.050 62,459.908
201509 33,094.602 100.110 39,288.955
201512 36,990.161 100.220 43,865.452
201603 36,313.902 100.560 42,917.897
201606 37,197.859 100.790 43,862.288
201609 35,859.386 101.460 42,004.786
201612 33,507.643 101.560 39,211.366
201703 31,978.605 102.850 36,952.685
201706 34,039.923 102.610 39,426.631
201709 34,650.779 103.490 39,792.882
201712 28,578.503 102.990 32,978.827
201803 28,881.280 104.100 32,972.850
201806 30,161.531 104.130 34,424.552
201809 30,697.297 105.650 34,531.975
201812 24,076.264 104.350 27,421.261
201903 24,636.935 104.490 28,022.232
201906 24,800.629 104.880 28,103.525
201909 25,735.938 105.200 29,074.687
201912 26,880.503 105.120 30,390.848
202003 27,903.027 105.540 31,421.362
202006 28,325.334 104.870 32,100.704
202009 29,117.215 106.200 32,584.878
202012 26,064.186 105.765 29,288.109
202103 26,804.636 107.357 29,673.551
202106 27,212.149 107.579 30,062.683
202109 28,657.157 108.759 31,315.394
202112 30,061.388 109.676 32,575.165
202203 31,502.398 111.806 33,486.523
202206 34,607.541 114.083 36,052.995
202209 40,600.223 114.831 42,020.278
202212 36,052.934 115.200 37,194.452
202303 38,148.975 116.550 38,901.188
202306 39,901.756 117.140 40,483.490
202309 41,176.018 119.111 41,084.928
202312 48,069.848 118.848 48,069.848

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


Hyundai  (XKRX:011760) 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.

Hyundai's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21150.00/38958.9
=0.54

* 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 Hyundai was 1.39. The lowest was 0.23. And the median was 0.53.


Be Aware

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


Hyundai Cyclically Adjusted Book per Share Related Terms

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


Hyundai (XKRX:011760) Business Description

Traded in Other Exchanges
N/A
Address
140-2, Gye-dong, Jongno-gu, Seoul, KOR, 110-793
Hyundai Corp is a South Korea-based company. It is engaged in the business of exporting transformers and substation equipment's, automobiles, plants and related equipment's, machines and related components, railroad cars, ships, steel and nonferrous metal products, petrochemical products and general commodities. It is also involved in importing scrap metals, nonferrous metals such as aluminum, petrochemical products, raw materials for export business and facilities.

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