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Bayerische Motoren Werke AG (WAR:BMW) Cyclically Adjusted PB Ratio : 0.86 (As of Jun. 15, 2024)


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What is Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio?

As of today (2024-06-15), Bayerische Motoren Werke AG's current share price is zł394.00. Bayerische Motoren Werke AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł458.87. Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio for today is 0.86.

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

WAR:BMW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.09   Max: 1.86
Current: 0.82

During the past years, Bayerische Motoren Werke AG's highest Cyclically Adjusted PB Ratio was 1.86. The lowest was 0.65. And the median was 1.09.

WAR:BMW's Cyclically Adjusted PB Ratio is ranked better than
66.63% of 1007 companies
in the Vehicles & Parts industry
Industry Median: 1.28 vs WAR:BMW: 0.82

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.

Bayerische Motoren Werke AG's adjusted book value per share data for the three months ended in Mar. 2024 was zł641.818. 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 zł458.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bayerische Motoren Werke AG'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.

Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio Chart

Bayerische Motoren Werke AG 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 1.15 1.05 1.14 0.91 0.98

Bayerische Motoren Werke AG 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 1.05 1.14 0.95 0.98 1.01

Competitive Comparison of Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Bayerische Motoren Werke AG'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.


Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio falls into.



Bayerische Motoren Werke AG 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.

Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=394.00/458.87
=0.86

* 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.

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

For example, Bayerische Motoren Werke AG'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)
=641.818/125.0381*125.0381
=641.818

Current CPI (Mar. 2024) = 125.0381.

Bayerische Motoren Werke AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 306.390 99.543 384.865
201409 294.976 99.823 369.488
201412 286.078 99.543 359.350
201503 242.059 99.717 303.526
201506 268.088 100.417 333.821
201509 285.389 100.417 355.364
201512 288.653 99.717 361.952
201603 308.806 100.017 386.061
201606 305.638 100.717 379.444
201609 315.994 101.017 391.136
201612 309.463 101.217 382.295
201703 328.472 101.417 404.977
201706 351.427 102.117 430.308
201709 388.792 102.717 473.279
201712 396.002 102.617 482.525
201803 429.761 102.917 522.133
201806 401.883 104.017 483.099
201809 409.358 104.718 488.795
201812 405.114 104.217 486.048
201903 404.637 104.217 485.476
201906 396.550 105.718 469.022
201909 393.828 106.018 464.484
201912 409.406 105.818 483.770
202003 416.162 105.718 492.218
202006 404.621 106.618 474.527
202009 436.589 105.818 515.890
202012 459.521 105.518 544.531
202103 478.807 107.518 556.829
202106 514.643 108.486 593.165
202109 522.815 109.435 597.359
202112 519.910 110.384 588.934
202203 580.108 113.968 636.455
202206 549.847 115.760 593.915
202209 529.891 118.818 557.632
202212 569.801 119.345 596.983
202303 591.515 122.402 604.252
202306 573.133 123.140 581.965
202309 604.471 124.195 608.576
202312 625.997 123.773 632.396
202403 641.818 125.038 641.818

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.


Bayerische Motoren Werke AG  (WAR:BMW) 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.


Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio Related Terms

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


Bayerische Motoren Werke AG (WAR:BMW) Business Description

Address
Petuelring 130, Munich, BY, DEU, 80809
In addition to being one of the world's leading premium light-vehicle manufacturers, BMW Group produces BMW motorcycles and provides financial services. Premium light-vehicle brands include BMW, Mini, and ultraluxury brand Rolls-Royce. Operations include 31 production facilities in 15 countries, research and development facilities in 17 countries, and a sales network reaching over 140 countries. In 2022, worldwide sales volume roughly 2.4 million automobiles and about 216,000 motorcycles.

Bayerische Motoren Werke AG (WAR:BMW) Headlines

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