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Continental AG (BSE:CTT) Cyclically Adjusted PB Ratio : 0.77 (As of May. 29, 2024)


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What is Continental AG Cyclically Adjusted PB Ratio?

As of today (2024-05-29), Continental AG's current share price is lei305.30. Continental AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was lei397.04. Continental AG's Cyclically Adjusted PB Ratio for today is 0.77.

The historical rank and industry rank for Continental AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSE:CTT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.83   Max: 5.65
Current: 0.75

During the past years, Continental AG's highest Cyclically Adjusted PB Ratio was 5.65. The lowest was 0.62. And the median was 1.83.

BSE:CTT's Cyclically Adjusted PB Ratio is ranked better than
70.25% of 958 companies
in the Vehicles & Parts industry
Industry Median: 1.29 vs BSE:CTT: 0.75

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.

Continental AG's adjusted book value per share data for the three months ended in Mar. 2024 was lei345.972. 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 lei397.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Continental AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Continental AG'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.

Continental AG Cyclically Adjusted PB Ratio Chart

Continental AG 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 1.73 1.73 1.36 0.74 0.96

Continental AG 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 0.88 0.87 0.83 0.96 0.82

Competitive Comparison of Continental AG's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, Continental AG'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.


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

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

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



Continental AG 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.

Continental AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=305.30/397.04
=0.77

* 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.

Continental AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Continental AG'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)
=345.972/125.0381*125.0381
=345.972

Current CPI (Mar. 2024) = 125.0381.

Continental AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 303.670 99.543 381.448
201409 310.019 99.823 388.331
201412 301.830 99.543 379.137
201503 291.384 99.717 365.376
201506 308.154 100.417 383.711
201509 314.639 100.417 391.786
201512 319.474 99.717 400.600
201603 330.597 100.017 413.303
201606 333.187 100.717 413.646
201609 338.636 101.017 419.162
201612 345.262 101.217 426.519
201703 374.135 101.417 461.275
201706 379.795 102.117 465.043
201709 416.955 102.717 507.562
201712 429.649 102.617 523.524
201803 468.163 102.917 568.789
201806 444.042 104.017 533.778
201809 460.754 104.718 550.164
201812 465.792 104.217 558.849
201903 479.633 104.217 575.455
201906 457.542 105.718 541.160
201909 390.098 106.018 460.085
201912 392.355 105.818 463.622
202003 381.750 105.718 451.517
202006 360.855 106.618 423.200
202009 331.028 105.818 391.155
202012 342.166 105.518 405.466
202103 370.006 107.518 430.299
202106 334.808 108.486 385.892
202109 320.506 109.435 366.204
202112 316.606 110.384 358.639
202203 334.425 113.968 366.909
202206 337.632 115.760 364.692
202209 324.168 118.818 341.139
202212 322.165 119.345 337.533
202303 333.682 122.402 340.867
202306 334.696 123.140 339.854
202309 345.685 124.195 348.033
202312 342.074 123.773 345.571
202403 345.972 125.038 345.972

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.


Continental AG  (BSE:CTT) 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.


Continental AG Cyclically Adjusted PB Ratio Related Terms

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


Continental AG (BSE:CTT) Business Description

Address
Vahrenwalder Strasse 9, Hanover, NI, DEU, 30165
Continental is a global auto supplier and tiremaker. Operating segments include the automotive group (electrical architecture and networking, autonomous mobility, safety and motion, smart mobility, and user experience), tires, and ContiTech which uses rubber in industrial and automotive components and systems. Last year, automotive group revenue was around 48% of the total, tire was 35%, ContiTech was 16%, and contract manufacturing for Vitesco was 1%. Top five customers include Ford, Mercedes-Benz, the Renault-Nissan-Mitsubishi alliance, Stellantis, and Volkswagen, representing about 32% of total revenue. Europe, at 47% of total revenue, is the companies largest market, followed by North America at 27%, Asia (mostly China) at 22%, and 4% in other regions.

Continental AG (BSE:CTT) Headlines

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