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BorgWarner (BSP:B1WA34) Cyclically Adjusted PB Ratio : 1.47 (As of Apr. 30, 2024)


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What is BorgWarner Cyclically Adjusted PB Ratio?

As of today (2024-04-30), BorgWarner's current share price is R$176.76. BorgWarner's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$120.41. BorgWarner's Cyclically Adjusted PB Ratio for today is 1.47.

The historical rank and industry rank for BorgWarner's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:B1WA34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.08   Med: 2.34   Max: 5.36
Current: 1.34

During the past years, BorgWarner's highest Cyclically Adjusted PB Ratio was 5.36. The lowest was 1.08. And the median was 2.34.

BSP:B1WA34's Cyclically Adjusted PB Ratio is ranked worse than
52.77% of 904 companies
in the Vehicles & Parts industry
Industry Median: 1.235 vs BSP:B1WA34: 1.34

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.

BorgWarner's adjusted book value per share data for the three months ended in Dec. 2023 was R$124.273. 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 R$120.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


BorgWarner Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BorgWarner's Cyclically Adjusted PB Ratio 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.

BorgWarner Cyclically Adjusted PB Ratio Chart

BorgWarner Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.28 1.89 1.91 1.51 1.42

BorgWarner Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio 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 1.51 1.78 1.73 1.60 1.42

Competitive Comparison of BorgWarner's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, BorgWarner'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.


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

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

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



BorgWarner Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

BorgWarner's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=176.76/120.41
=1.47

* 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.

BorgWarner's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, BorgWarner'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)
=124.273/129.4194*129.4194
=124.273

Current CPI (Dec. 2023) = 129.4194.

BorgWarner Quarterly Data

Book Value per Share CPI Adj_Book
201403 37.461 99.695 48.630
201406 37.481 100.560 48.238
201409 38.359 100.428 49.433
201412 42.192 99.070 55.117
201503 48.649 99.621 63.201
201506 50.690 100.684 65.157
201509 64.727 100.392 83.443
201512 62.880 99.792 81.548
201603 62.759 100.470 80.842
201606 58.824 101.688 74.866
201609 56.666 101.861 71.997
201612 50.853 101.863 64.610
201703 50.156 102.862 63.105
201706 56.396 103.349 70.622
201709 56.840 104.136 70.641
201712 58.093 104.011 72.284
201803 61.033 105.290 75.020
201806 71.501 106.317 87.038
201809 80.220 106.507 97.478
201812 78.819 105.998 96.235
201903 79.198 107.251 95.568
201906 82.037 108.070 98.244
201909 88.916 108.329 106.227
201912 93.581 108.420 111.706
202003 111.669 108.902 132.708
202006 115.432 108.767 137.350
202009 105.086 109.815 123.846
202012 138.409 109.897 162.997
202103 150.107 111.754 173.834
202106 139.432 114.631 157.419
202109 146.324 115.734 163.626
202112 163.862 117.630 180.286
202203 146.441 121.301 156.242
202206 146.829 125.017 152.000
202209 151.718 125.227 156.798
202212 161.851 125.222 167.276
202303 165.365 127.348 168.055
202306 155.917 128.729 156.754
202309 121.190 129.860 120.779
202312 124.273 129.419 124.273

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


BorgWarner  (BSP:B1WA34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


BorgWarner Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of BorgWarner's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


BorgWarner (BSP:B1WA34) Business Description

Traded in Other Exchanges
Address
3850 Hamlin Road, Auburn Hills, MI, USA, 48326
BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 13% and 8% of 2022 revenue, respectively. Geographically, Europe accounted for 34% of 2022 revenue, while Asia and North America were 32% each.

BorgWarner (BSP:B1WA34) Headlines

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