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Autoliv (FRA:LIV) Cyclically Adjusted Book per Share : €37.52 (As of Mar. 2024)


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What is Autoliv 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.

Autoliv's adjusted book value per share for the three months ended in Mar. 2024 was €27.451. 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 €37.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Autoliv's average Cyclically Adjusted Book Growth Rate was -2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.00% 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 Autoliv was 5.70% per year. The lowest was -0.20% per year. And the median was 3.20% per year.

As of today (2024-06-01), Autoliv's current stock price is €117.00. Autoliv's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €37.52. Autoliv's Cyclically Adjusted PB Ratio of today is 3.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Autoliv was 3.16. The lowest was 1.04. And the median was 2.18.


Autoliv Cyclically Adjusted Book per Share Historical Data

The historical data trend for Autoliv'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.

Autoliv Cyclically Adjusted Book per Share Chart

Autoliv 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 35.07 30.97 33.43 39.22 37.13

Autoliv 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 37.25 37.94 39.09 37.13 37.52

Competitive Comparison of Autoliv's Cyclically Adjusted Book per Share

For the Auto Parts subindustry, Autoliv'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.


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

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

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



Autoliv 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, Autoliv'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)
=27.451/132.2054*132.2054
=27.451

Current CPI (Mar. 2024) = 132.2054.

Autoliv Quarterly Data

Book Value per Share CPI Adj_Book
201406 31.144 100.432 40.997
201409 31.386 100.161 41.427
201412 31.335 100.225 41.334
201503 33.711 99.950 44.590
201506 33.637 99.995 44.472
201509 33.442 100.228 44.112
201512 36.007 100.276 47.472
201603 36.655 100.751 48.099
201606 37.101 101.019 48.555
201609 38.011 101.138 49.687
201612 39.513 102.022 51.203
201703 40.806 102.022 52.879
201706 39.530 102.752 50.861
201709 38.213 103.279 48.916
201712 39.191 103.793 49.919
201803 39.165 103.962 49.805
201806 19.600 104.875 24.708
201809 20.068 105.679 25.105
201812 19.010 105.912 23.729
201903 19.897 105.886 24.843
201906 20.543 106.742 25.444
201909 20.679 107.214 25.499
201912 21.769 107.766 26.706
202003 21.051 106.563 26.117
202006 19.745 107.498 24.283
202009 20.413 107.635 25.073
202012 22.657 108.296 27.659
202103 24.105 108.360 29.410
202106 24.663 108.928 29.933
202109 24.857 110.338 29.783
202112 26.631 112.486 31.300
202203 27.624 114.825 31.805
202206 27.631 118.384 30.857
202209 28.834 122.296 31.170
202212 28.616 126.365 29.939
202303 28.587 127.042 29.749
202306 27.515 129.407 28.110
202309 27.537 130.224 27.956
202312 28.372 131.912 28.435
202403 27.451 132.205 27.451

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


Autoliv  (FRA:LIV) 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.

Autoliv's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=117.00/37.52
=3.12

* 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 Autoliv was 3.16. The lowest was 1.04. And the median was 2.18.


Be Aware

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


Autoliv Cyclically Adjusted Book per Share Related Terms

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


Autoliv (FRA:LIV) Business Description

Industry
Address
Klarabergsviadukten 70, P.O. Box 70381, Section B7, Stockholm, SWE, SE-107 24
Autoliv is the global leader in passive safety components and systems for the auto industry. Products include seat belts, frontal air bags, side-impact air bags, air bag inflators, and steering wheels. The Renault-Nissan-Mitsubishi alliance is the company's largest customer at 11% of 2022 revenue, with Stellantis accounting for 11% and Volkswagen 10%. At 34% of 2022 revenue, the Americas was Autoliv's largest geographic region, followed by Europe at 27%, China at 21%, and Japan at 8%.

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