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Porsche Automobil Holding SE (STU:PAHA) Cyclically Adjusted PB Ratio : 0.35 (As of Jun. 07, 2024)


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What is Porsche Automobil Holding SE Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Porsche Automobil Holding SE's current share price is €4.88. Porsche Automobil Holding SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €13.97. Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio for today is 0.35.

The historical rank and industry rank for Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:PAHA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.35   Max: 0.44
Current: 0.35

During the past years, Porsche Automobil Holding SE's highest Cyclically Adjusted PB Ratio was 0.44. The lowest was 0.30. And the median was 0.35.

STU:PAHA's Cyclically Adjusted PB Ratio is ranked better than
91.17% of 997 companies
in the Vehicles & Parts industry
Industry Median: 1.35 vs STU:PAHA: 0.35

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.

Porsche Automobil Holding SE's adjusted book value per share data for the three months ended in Mar. 2024 was €18.541. 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 €13.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Porsche Automobil Holding SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Porsche Automobil Holding SE'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.

Porsche Automobil Holding SE Cyclically Adjusted PB Ratio Chart

Porsche Automobil Holding SE 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 - - - - 0.33

Porsche Automobil Holding SE 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 0.41 0.41 0.34 0.33 0.35

Competitive Comparison of Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Porsche Automobil Holding SE'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.


Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio falls into.



Porsche Automobil Holding SE 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.

Porsche Automobil Holding SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.88/13.97
=0.35

* 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.

Porsche Automobil Holding SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Porsche Automobil Holding SE'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)
=18.541/125.0381*125.0381
=18.541

Current CPI (Mar. 2024) = 125.0381.

Porsche Automobil Holding SE Quarterly Data

Book Value per Share CPI Adj_Book
200907 8.769 92.359 11.872
201001 9.017 92.359 12.207
201006 0.000 93.199 0.000
201106 10.900 95.158 14.323
201112 6.808 95.998 8.868
201206 7.155 96.744 9.248
201212 9.307 97.957 11.880
201306 9.671 98.516 12.275
201312 19.899 99.356 25.043
201406 9.574 99.543 12.026
201412 9.530 99.543 11.971
201506 10.054 100.417 12.519
201512 8.841 99.717 11.086
201606 8.739 100.717 10.849
201612 9.108 101.217 11.252
201706 9.833 102.117 12.040
201712 10.217 102.617 12.449
201806 10.488 104.017 12.608
201812 10.911 104.217 13.091
201903 0.000 104.217 0.000
201906 11.040 105.718 13.058
201909 0.000 106.018 0.000
201912 11.521 105.818 13.614
202003 11.770 105.718 13.921
202006 11.304 106.618 13.257
202009 11.343 105.818 13.403
202012 11.737 105.518 13.908
202103 12.494 107.518 14.530
202106 13.058 108.486 15.050
202109 13.268 109.435 15.160
202112 13.778 110.384 15.607
202203 15.001 113.968 16.458
202206 15.897 115.760 17.171
202209 16.857 118.818 17.739
202212 17.025 119.345 17.837
202303 17.345 122.402 17.718
202306 17.352 123.140 17.619
202309 18.120 124.195 18.243
202312 18.066 123.773 18.251
202403 18.541 125.038 18.541

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.


Porsche Automobil Holding SE  (STU:PAHA) 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.


Porsche Automobil Holding SE Cyclically Adjusted PB Ratio Related Terms

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


Porsche Automobil Holding SE (STU:PAHA) Business Description

Address
Porscheplatz 1, Stuttgart, BW, DEU, 70435
Porsche Automobil Holding SE is an automotive holdings company. The company's core investment is a controlling stake in Volkswagen AG. Through this stake, Porsche SE has an interest in passenger and luxury car manufacturers which include Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, and Porsche; motorcycles under the Ducati brand name; and commercial vehicles under Volkswagen Commercial Vehicles, Scania, and MAN. In addition to the automobile manufacturers, this core investment provides Porsche Automobil exposure to the Volkswagen Financial Services financing business. Porsche SE also has a minority stake in technology company INRIX, a company that provides connected-car services and real-time traffic information.

Porsche Automobil Holding SE (STU:PAHA) Headlines

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