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General Motors Co (BSP:GMCO34) Cyclically Adjusted PB Ratio : 1.23 (As of Apr. 30, 2024)


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What is General Motors Co Cyclically Adjusted PB Ratio?

As of today (2024-04-30), General Motors Co's current share price is R$59.02. General Motors Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$48.14. General Motors Co's Cyclically Adjusted PB Ratio for today is 1.23.

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

BSP:GMCO34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.34   Max: 2.28
Current: 1.2

During the past years, General Motors Co's highest Cyclically Adjusted PB Ratio was 2.28. The lowest was 0.70. And the median was 1.34.

BSP:GMCO34's Cyclically Adjusted PB Ratio is ranked better than
51.55% of 904 companies
in the Vehicles & Parts industry
Industry Median: 1.235 vs BSP:GMCO34: 1.20

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.

General Motors Co's adjusted book value per share data for the three months ended in Mar. 2024 was R$75.374. 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$48.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


General Motors Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for General Motors Co'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.

General Motors Co Cyclically Adjusted PB Ratio Chart

General Motors Co 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 1.44 1.55 1.94 0.99 0.95

General Motors Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.04 1.06 0.88 0.95 1.18

Competitive Comparison of General Motors Co's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, General Motors Co'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.


General Motors Co's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

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



General Motors Co 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.

General Motors Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.02/48.14
=1.23

* 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.

General Motors Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, General Motors Co'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)
=75.374/129.4194*129.4194
=75.374

Current CPI (Mar. 2024) = 129.4194.

General Motors Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.585 100.560 17.484
201409 14.573 100.428 18.780
201412 14.637 99.070 19.121
201503 17.832 99.621 23.166
201506 17.261 100.684 22.187
201509 21.125 100.392 27.233
201512 25.789 99.792 33.445
201603 25.228 100.470 32.497
201606 23.338 101.688 29.702
201609 24.247 101.861 30.807
201612 24.504 101.863 31.133
201703 23.963 102.862 30.150
201706 25.002 103.349 31.309
201709 23.630 104.136 29.367
201712 20.594 104.011 25.625
201803 20.083 105.290 24.686
201806 24.364 106.317 29.658
201809 27.925 106.507 33.932
201812 26.948 105.998 32.902
201903 27.958 107.251 33.737
201906 29.480 108.070 35.304
201909 32.115 108.329 38.367
201912 30.631 108.420 36.564
202003 34.211 108.902 40.657
202006 36.415 108.767 43.329
202009 41.793 109.815 49.254
202012 41.369 109.897 48.718
202103 48.646 111.754 56.335
202106 43.303 114.631 48.889
202109 47.643 115.734 53.277
202112 56.308 117.630 61.952
202203 51.502 121.301 54.949
202206 53.803 125.017 55.698
202209 61.114 125.227 63.160
202212 63.499 125.222 65.628
202303 64.993 127.348 66.050
202306 62.106 128.729 62.439
202309 65.680 129.860 65.457
202312 65.623 129.419 65.623
202403 75.374 129.419 75.374

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.


General Motors Co  (BSP:GMCO34) 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.


General Motors Co Cyclically Adjusted PB Ratio Related Terms

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


General Motors Co (BSP:GMCO34) Business Description

Address
300 Renaissance Center, Detroit, MI, USA, 48265-3000
General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021, with share up 170 basis points to 16.4%, a full percentage point ahead of Toyota. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

General Motors Co (BSP:GMCO34) Headlines

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