GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZAP Inc (GREY:ZAAP) » Definitions » Cyclically Adjusted PB Ratio

ZAP (ZAAP) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)


View and export this data going back to . Start your Free Trial

What is ZAP Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ZAP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ZAP'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.

ZAP Cyclically Adjusted PB Ratio Chart

ZAP Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

ZAP Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 - - - - -

Competitive Comparison of ZAP's Cyclically Adjusted PB Ratio

For the Recreational Vehicles subindustry, ZAP'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.


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

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

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



ZAP 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.

ZAP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2016 is calculated as:

For example, ZAP's adjusted Book Value per Share data for the three months ended in Dec. 2016 was:

Adj_Book=Book Value per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=-0.053/101.8627*101.8627
=-0.053

Current CPI (Dec. 2016) = 101.8627.

ZAP Quarterly Data

Book Value per Share CPI Adj_Book
200703 0.076 86.640 0.089
200706 0.045 87.906 0.052
200709 0.025 87.964 0.029
200712 0.108 88.616 0.124
200803 0.098 90.090 0.111
200806 0.069 92.320 0.076
200809 0.052 92.307 0.057
200812 0.030 88.697 0.034
200903 0.012 89.744 0.014
200906 0.008 91.003 0.009
200909 0.040 91.120 0.045
200912 0.020 91.111 0.022
201003 0.017 91.821 0.019
201006 0.004 91.962 0.004
201009 0.100 92.162 0.111
201012 0.120 92.474 0.132
201103 0.156 94.283 0.169
201106 0.154 95.235 0.165
201109 0.152 95.727 0.162
201112 0.104 95.213 0.111
201203 0.092 96.783 0.097
201206 0.087 96.819 0.092
201209 0.072 97.633 0.075
201212 0.045 96.871 0.047
201303 0.036 98.209 0.037
201306 0.024 98.518 0.025
201309 0.019 98.790 0.020
201312 0.001 98.326 0.001
201403 -0.005 99.695 -0.005
201406 0.011 100.560 0.011
201409 0.002 100.428 0.002
201412 -0.009 99.070 -0.009
201503 -0.015 99.621 -0.015
201506 -0.027 100.684 -0.027
201509 -0.010 100.392 -0.010
201512 -0.019 99.792 -0.019
201603 -0.023 100.470 -0.023
201606 -0.027 101.688 -0.027
201609 -0.027 101.861 -0.027
201612 -0.053 101.863 -0.053

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.


ZAP  (GREY:ZAAP) 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.


ZAP Cyclically Adjusted PB Ratio Related Terms

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


ZAP (ZAAP) Business Description

Traded in Other Exchanges
N/A
Address
2 West 3rd Street, Santa Rosa, CA, USA, 95401
ZAP Inc designs, develops, manufactures and sells fully electric and advanced technology vehicles. Business activity of the group is operated through Jonway Auto and ZAP (Consumer Product) segments. The Jonway Auto segment represents sales of the gas-fueled Jonway A380 three and five-door sports utility vehicles, EV minivan and EV SUVs and spare parts principally through distributors in China. The ZAP Consumer Product segment represents rechargeable portable energy products, Zapino scooter, and ZAPPY3 personal transporters. The firm derives most of the revenue from the Jonway Auto segment.

ZAP (ZAAP) Headlines

No Headlines