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BYD Co (FRA:BY6) Cyclically Adjusted PB Ratio : 13.94 (As of May. 22, 2025)


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What is BYD Co Cyclically Adjusted PB Ratio?

As of today (2025-05-22), BYD Co's current share price is €52.14. BYD Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €3.74. BYD Co's Cyclically Adjusted PB Ratio for today is 13.94.

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

FRA:BY6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.98   Med: 10.19   Max: 18.81
Current: 13.41

During the past years, BYD Co's highest Cyclically Adjusted PB Ratio was 18.81. The lowest was 2.98. And the median was 10.19.

FRA:BY6's Cyclically Adjusted PB Ratio is ranked worse than
97.79% of 949 companies
in the Vehicles & Parts industry
Industry Median: 1.15 vs FRA:BY6: 13.41

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.

BYD Co's adjusted book value per share data for the three months ended in Mar. 2025 was €9.798. 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 €3.74 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


BYD Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BYD 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.

BYD Co Cyclically Adjusted PB Ratio Chart

BYD Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.32 14.97 12.46 8.32 10.08

BYD Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 8.16 9.74 11.40 10.08 12.61

Competitive Comparison of BYD Co's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, BYD 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.


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

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

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


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BYD 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.14/3.74
=13.94

* 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.

BYD Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, BYD Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=9.798/115.1156*115.1156
=9.798

Current CPI (Mar. 2025) = 115.1156.

BYD Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.498 99.500 1.733
201509 1.638 100.500 1.876
201512 1.857 100.600 2.125
201603 1.846 102.200 2.079
201606 1.900 101.400 2.157
201609 2.476 102.400 2.783
201612 2.574 102.600 2.888
201703 2.585 103.200 2.883
201706 2.522 103.100 2.816
201709 2.533 104.100 2.801
201712 2.563 104.500 2.823
201803 2.590 105.300 2.831
201806 2.632 104.900 2.888
201809 2.496 106.600 2.695
201812 2.584 106.500 2.793
201903 2.731 107.700 2.919
201906 2.666 107.700 2.850
201909 2.658 109.800 2.787
201912 2.670 111.200 2.764
202003 2.680 112.300 2.747
202006 2.755 110.400 2.873
202009 2.731 111.700 2.815
202012 2.621 111.500 2.706
202103 3.658 112.662 3.738
202106 3.669 111.769 3.779
202109 3.730 112.215 3.826
202112 4.538 113.108 4.619
202203 4.712 114.335 4.744
202206 4.689 114.558 4.712
202209 5.067 115.339 5.057
202212 5.164 115.116 5.164
202303 5.381 115.116 5.381
202306 5.298 114.558 5.324
202309 5.727 115.339 5.716
202312 6.124 114.781 6.142
202403 6.279 115.227 6.273
202406 6.285 114.781 6.303
202409 6.804 115.785 6.765
202412 8.352 114.893 8.368
202503 9.798 115.116 9.798

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.


BYD Co  (FRA:BY6) 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.


BYD Co Cyclically Adjusted PB Ratio Related Terms

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


BYD Co Business Description

Address
No. 3009, BYD Road, Pingshan New District, Guangdong Province, Shenzhen, CHN, 518118
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 4.3 million passenger NEVs in 2024, accounting for 35% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

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