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AutoNation (STU:RWI) Cyclically Adjusted Book per Share : €34.94 (As of Mar. 2024)


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What is AutoNation 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.

AutoNation's adjusted book value per share for the three months ended in Mar. 2024 was €52.159. 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 €34.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AutoNation's average Cyclically Adjusted Book Growth Rate was 12.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.10% 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 AutoNation was 23.60% per year. The lowest was 0.20% per year. And the median was 9.80% per year.

As of today (2024-06-02), AutoNation's current stock price is €155.60. AutoNation's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €34.94. AutoNation's Cyclically Adjusted PB Ratio of today is 4.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AutoNation was 5.12. The lowest was 1.11. And the median was 2.98.


AutoNation Cyclically Adjusted Book per Share Historical Data

The historical data trend for AutoNation'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.

AutoNation Cyclically Adjusted Book per Share Chart

AutoNation 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 19.47 19.30 23.74 30.07 32.66

AutoNation 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 30.67 31.35 33.69 32.66 34.94

Competitive Comparison of AutoNation's Cyclically Adjusted Book per Share

For the Auto & Truck Dealerships subindustry, AutoNation'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.


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

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

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



AutoNation 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, AutoNation'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)
=52.159/131.7762*131.7762
=52.159

Current CPI (Mar. 2024) = 131.7762.

AutoNation Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.195 100.560 17.291
201409 13.633 100.428 17.889
201412 14.830 99.070 19.726
201503 17.890 99.621 23.664
201506 17.963 100.684 23.510
201509 18.176 100.392 23.858
201512 19.464 99.792 25.702
201603 18.209 100.470 23.883
201606 18.804 101.688 24.368
201609 19.545 101.861 25.285
201612 21.675 101.863 28.040
201703 22.469 102.862 28.785
201706 22.141 103.349 28.231
201709 20.244 104.136 25.617
201712 21.857 104.011 27.692
201803 21.950 105.290 27.472
201806 23.831 106.317 29.538
201809 24.950 106.507 30.870
201812 26.520 105.998 32.970
201903 27.638 107.251 33.958
201906 28.643 108.070 34.926
201909 30.500 108.329 37.101
201912 31.851 108.420 38.712
202003 29.543 108.902 35.748
202006 31.947 108.767 38.705
202009 32.453 109.815 38.943
202012 31.860 109.897 38.203
202103 33.328 111.754 39.299
202106 32.422 114.631 37.271
202109 30.563 115.734 34.799
202112 33.599 117.630 37.640
202203 35.692 121.301 38.774
202206 39.264 125.017 41.387
202209 43.584 125.227 45.864
202212 40.572 125.222 42.696
202303 41.373 127.348 42.812
202306 43.834 128.729 44.872
202309 46.925 129.860 47.618
202312 48.694 129.419 49.581
202403 52.159 131.776 52.159

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


AutoNation  (STU:RWI) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=155.60/34.94
=4.45

* 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 AutoNation was 5.12. The lowest was 1.11. And the median was 2.98.


Be Aware

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


AutoNation Cyclically Adjusted Book per Share Related Terms

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


AutoNation (STU:RWI) Business Description

Industry
Traded in Other Exchanges
Address
200 SW 1st Avenue, Fort Lauderdale, FL, USA, 33301
AutoNation is the second largest automotive dealer in the United States, with 2022 revenue of $27 billion and over 250 dealerships, plus 53 collision centers. The firm also has 16 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors all across 20 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.

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