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Mercedes-Benz Group AG (XTER:MBG) Cyclically Adjusted PB Ratio : 0.67 (As of May. 25, 2025)


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What is Mercedes-Benz Group AG Cyclically Adjusted PB Ratio?

As of today (2025-05-25), Mercedes-Benz Group AG's current share price is €50.54. Mercedes-Benz Group AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €75.74. Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio for today is 0.67.

The historical rank and industry rank for Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

XTER:MBG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 1.08   Max: 1.88
Current: 0.67

During the past years, Mercedes-Benz Group AG's highest Cyclically Adjusted PB Ratio was 1.88. The lowest was 0.39. And the median was 1.08.

XTER:MBG's Cyclically Adjusted PB Ratio is ranked better than
68.61% of 962 companies
in the Vehicles & Parts industry
Industry Median: 1.18 vs XTER:MBG: 0.67

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.

Mercedes-Benz Group AG's adjusted book value per share data for the three months ended in Mar. 2025 was €97.940. 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 €75.74 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercedes-Benz Group AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mercedes-Benz Group 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.

Mercedes-Benz Group AG Cyclically Adjusted PB Ratio Chart

Mercedes-Benz Group AG 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 0.97 1.24 0.99 0.92 0.72

Mercedes-Benz Group AG 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 1.06 0.90 0.80 0.72 0.72

Competitive Comparison of Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Mercedes-Benz Group 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.


Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio falls into.


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Mercedes-Benz Group 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.

Mercedes-Benz Group AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=50.54/75.74
=0.67

* 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.

Mercedes-Benz Group AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Mercedes-Benz Group AG'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)
=97.94/127.7792*127.7792
=97.940

Current CPI (Mar. 2025) = 127.7792.

Mercedes-Benz Group AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 45.321 100.417 57.670
201509 46.598 100.417 59.295
201512 50.065 99.717 64.154
201603 50.188 100.017 64.119
201606 48.009 100.717 60.909
201609 50.188 101.017 63.484
201612 54.167 101.217 68.382
201703 53.685 101.417 67.640
201706 55.694 102.117 69.690
201709 57.546 102.717 71.587
201712 59.700 102.617 74.339
201803 61.237 102.917 76.030
201806 58.854 104.017 72.299
201809 60.036 104.718 73.258
201812 60.446 104.217 74.112
201903 62.155 104.217 76.207
201906 56.538 105.718 68.337
201909 57.360 106.018 69.134
201912 57.340 105.818 69.240
202003 57.612 105.718 69.635
202006 53.670 106.618 64.322
202009 53.412 105.818 64.497
202012 56.729 105.518 68.697
202103 62.049 107.518 73.742
202106 66.049 108.486 77.795
202109 68.873 109.435 80.418
202112 67.254 110.384 77.853
202203 72.195 113.968 80.944
202206 72.218 115.760 79.716
202209 76.267 118.818 82.019
202212 79.839 119.345 85.481
202303 83.957 122.402 87.645
202306 81.936 123.140 85.023
202309 85.069 124.195 87.524
202312 85.782 123.773 88.559
202403 89.519 125.038 91.481
202406 93.720 125.882 95.133
202409 93.400 126.198 94.570
202412 96.193 127.041 96.752
202503 97.940 127.779 97.940

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.


Mercedes-Benz Group AG  (XTER:MBG) 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.


Mercedes-Benz Group AG Cyclically Adjusted PB Ratio Related Terms

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


Mercedes-Benz Group AG Business Description

Address
Mercedesstrasse 120, Stuttgart, BW, DEU, 70372
Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 450,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its own brand alone. In 2023, 16% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 54% were core (C and E Class), and 30% entry (A and B Class). In volume terms, Asia is Mercedes' largest market at 40% of 2023 vehicle sales followed by Europe at 38% and North America at 17%.
Executives
Dr. Martin Brudermüller Supervisory Board
Dr. Frank Weber Supervisory Board
Bader M. Al Saad Supervisory Board
Sari Baldauf Supervisory Board
Ben Van Beurden Supervisory Board
Dr. Bernd Pischetsrieder Supervisory Board
Timotheus Höttges Supervisory Board
Petraea Heynike Supervisory Board
Dr. Manfred Bischoff Supervisory Board
Josef Kaeser Supervisory Board
Dr. Jürgen Hambrecht Supervisory Board