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Ford Motor Co (HAM:FMC1) Cyclically Adjusted Book per Share : €9.14 (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 €9.879. 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 €9.14 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 6.90% 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 (2024-05-24), Ford Motor Co's current stock price is €11.002. Ford Motor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.14. Ford Motor Co's Cyclically Adjusted PB Ratio of today is 1.20.

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 2.39.


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 5.43 5.71 7.13 8.47 9.13

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 8.42 8.78 9.42 9.13 9.14

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)
=9.879/131.7762*131.7762
=9.879

Current CPI (Mar. 2024) = 131.7762.

Ford Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.929 100.560 6.459
201409 5.064 100.428 6.645
201412 4.944 99.070 6.576
201503 5.721 99.621 7.568
201506 5.822 100.684 7.620
201509 6.071 100.392 7.969
201512 6.523 99.792 8.614
201603 6.572 100.470 8.620
201606 6.850 101.688 8.877
201609 6.932 101.861 8.968
201612 7.035 101.863 9.101
201703 7.060 102.862 9.045
201706 7.073 103.349 9.018
201709 6.874 104.136 8.699
201712 7.408 104.011 9.386
201803 7.255 105.290 9.080
201806 7.664 106.317 9.499
201809 7.705 106.507 9.533
201812 7.758 105.998 9.645
201903 7.891 107.251 9.695
201906 7.826 108.070 9.543
201909 7.863 108.329 9.565
201912 7.533 108.420 9.156
202003 6.554 108.902 7.931
202006 6.683 108.767 8.097
202009 6.866 109.815 8.239
202012 6.159 109.897 7.385
202103 6.916 111.754 8.155
202106 6.997 114.631 8.044
202109 7.562 115.734 8.610
202112 10.420 117.630 11.673
202203 10.164 121.301 11.042
202206 10.393 125.017 10.955
202209 10.582 125.227 11.135
202212 10.240 125.222 10.776
202303 9.893 127.348 10.237
202306 10.073 128.729 10.311
202309 10.361 129.860 10.514
202312 9.871 129.419 10.051
202403 9.879 131.776 9.879

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


Ford Motor Co  (HAM:FMC1) 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
=11.002/9.14
=1.20

* 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 2.39.


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 (HAM:FMC1) 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 (HAM:FMC1) Headlines

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