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LKQ (BSP:L1KQ34) Cyclically Adjusted PB Ratio : 2.97 (As of May. 01, 2024)


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What is LKQ Cyclically Adjusted PB Ratio?

As of today (2024-05-01), LKQ's current share price is R$245.95. LKQ's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$82.84. LKQ's Cyclically Adjusted PB Ratio for today is 2.97.

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

BSP:L1KQ34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.59   Med: 4.03   Max: 8.73
Current: 2.43

During the past years, LKQ's highest Cyclically Adjusted PB Ratio was 8.73. The lowest was 1.59. And the median was 4.03.

BSP:L1KQ34's Cyclically Adjusted PB Ratio is ranked worse than
72.35% of 904 companies
in the Vehicles & Parts industry
Industry Median: 1.235 vs BSP:L1KQ34: 2.43

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.

LKQ's adjusted book value per share data for the three months ended in Mar. 2024 was R$115.040. 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$82.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


LKQ Cyclically Adjusted PB Ratio Historical Data

The historical data trend for LKQ'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.

LKQ Cyclically Adjusted PB Ratio Chart

LKQ 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 3.49 3.04 4.36 3.36 2.70

LKQ 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 3.45 3.44 2.84 2.70 2.97

Competitive Comparison of LKQ's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, LKQ'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.


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

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

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



LKQ 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=245.95/82.84
=2.97

* 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.

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

For example, LKQ'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)
=115.04/129.4194*129.4194
=115.040

Current CPI (Mar. 2024) = 129.4194.

LKQ Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.257 100.560 24.784
201409 20.581 100.428 26.522
201412 23.686 99.070 30.942
201503 28.711 99.621 37.299
201506 30.194 100.684 38.811
201509 38.802 100.392 50.021
201512 39.557 99.792 51.301
201603 39.021 100.470 50.264
201606 36.910 101.688 46.976
201609 36.260 101.861 46.070
201612 37.548 101.863 47.706
201703 36.591 102.862 46.038
201706 41.181 103.349 51.569
201709 40.964 104.136 50.910
201712 44.749 104.011 55.680
201803 46.666 105.290 57.361
201806 55.997 106.317 68.165
201809 62.502 106.507 75.948
201812 58.744 105.998 71.724
201903 58.710 107.251 70.845
201906 60.264 108.070 72.170
201909 64.774 108.329 77.384
201912 67.026 108.420 80.008
202003 79.702 108.902 94.718
202006 87.348 108.767 103.933
202009 95.606 109.815 112.674
202012 95.855 109.897 112.883
202103 108.886 111.754 126.098
202106 99.758 114.631 112.627
202109 106.608 115.734 119.214
202112 113.723 117.630 125.121
202203 101.101 121.301 107.867
202206 102.012 125.017 105.604
202209 102.154 125.227 105.574
202212 107.008 125.222 110.595
202303 110.770 127.348 112.572
202306 107.935 128.729 108.514
202309 109.835 129.860 109.463
202312 113.088 129.419 113.088
202403 115.040 129.419 115.040

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.


LKQ  (BSP:L1KQ34) 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.


LKQ Cyclically Adjusted PB Ratio Related Terms

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


LKQ (BSP:L1KQ34) Business Description

Traded in Other Exchanges
Address
500 West Madison Street, Suite 2800, Chicago, IL, USA, 60661
LKQ is a Global distributor of non-OEM automotive parts. Initially formed in 1998 as a consolidator of auto salvage operations in the United States, it has since greatly expanded its scope to include distribution of new mechanical and collision parts, specialty auto equipment, and remanufactured and recycled parts in both Europe and North America. It still maintains its auto salvage business and owns over 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ purchases over 300,000 salvage automobiles annually that are used to extract parts for resale. Globally, the company maintains approximately 1,700 facilities.

LKQ (BSP:L1KQ34) Headlines

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