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Ford Motor Co (BSP:FDMO34) Cyclically Adjusted Book per Share : R$50.23 (As of Mar. 2024)


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What is Ford Motor Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Ford Motor Co's adjusted book value per share for the three months ended in Mar. 2024 was R$53.473. 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$50.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ford Motor Co's average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 17.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Ford Motor Co was 31.60% per year. The lowest was -26.10% per year. And the median was -6.40% per year.

As of today (2024-04-29), Ford Motor Co's current stock price is R$65.88. Ford Motor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$50.23. Ford Motor Co's Cyclically Adjusted PB Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ford Motor Co was 6.50. The lowest was 0.67. And the median was 2.45.


Ford Motor Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ford Motor Co's Cyclically Adjusted Book per Share 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.

Ford Motor Co Cyclically Adjusted Book per Share Chart

Ford Motor Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.91 36.65 45.40 48.02 48.63

Ford Motor Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 47.84 47.08 49.99 48.63 50.23

Competitive Comparison of Ford Motor Co's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Ford Motor 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.


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

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

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



Ford Motor Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Ford Motor Co'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)
=53.473/129.4194*129.4194
=53.473

Current CPI (Mar. 2024) = 129.4194.

Ford Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.975 100.560 19.273
201409 15.257 100.428 19.661
201412 16.104 99.070 21.037
201503 19.451 99.621 25.269
201506 20.333 100.684 26.136
201509 26.594 100.392 34.284
201512 27.575 99.792 35.762
201603 27.065 100.470 34.863
201606 26.349 101.688 33.535
201609 25.309 101.861 32.156
201612 24.888 101.863 31.621
201703 23.616 102.862 29.713
201706 26.191 103.349 32.798
201709 25.664 104.136 31.895
201712 28.888 104.011 35.945
201803 29.333 105.290 36.055
201806 33.764 106.317 41.101
201809 36.938 106.507 44.884
201812 34.276 105.998 41.850
201903 34.246 107.251 41.325
201906 34.096 108.070 40.832
201909 35.674 108.329 42.619
201912 34.353 108.420 41.007
202003 35.387 108.902 42.054
202006 39.045 108.767 46.459
202009 43.671 109.815 51.467
202012 38.548 109.897 45.396
202103 46.394 111.754 53.727
202106 42.390 114.631 47.859
202109 46.967 115.734 52.521
202112 66.579 117.630 73.252
202203 55.704 121.301 59.432
202206 55.457 125.017 57.410
202209 54.940 125.227 56.780
202212 56.902 125.222 58.809
202303 55.167 127.348 56.064
202306 52.969 128.729 53.253
202309 54.610 129.860 54.425
202312 52.742 129.419 52.742
202403 53.473 129.419 53.473

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Ford Motor Co  (BSP:FDMO34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Ford Motor Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=65.88/50.23
=1.31

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ford Motor Co was 6.50. The lowest was 0.67. And the median was 2.45.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Ford Motor Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Ford Motor Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Ford Motor Co (BSP:FDMO34) Business Description

Industry
Address
One American Road, Dearborn, MI, USA, 48126
Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. In March 2022, the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor. The company has about 13% market share in the United States, about 6.5% share in Europe, and about 2.1% share in China including unconsolidated affiliates. We expect market share to increase as inventory improves coming out of the chip shortage. Sales in the U.S. made up about 67% of 2022 total company revenue. Ford has about 173,000 employees, including about 57,000 UAW employees, and is based in Dearborn, Michigan.

Ford Motor Co (BSP:FDMO34) Headlines

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