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American Axle & Mfg Holdings (FRA:AYA) Cyclically Adjusted PB Ratio : 0.90 (As of May. 26, 2024)


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What is American Axle & Mfg Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-26), American Axle & Mfg Holdings's current share price is €6.70. American Axle & Mfg Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.47. American Axle & Mfg Holdings's Cyclically Adjusted PB Ratio for today is 0.90.

The historical rank and industry rank for American Axle & Mfg Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:AYA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 2.96   Max: 575.33
Current: 0.91

During the past years, American Axle & Mfg Holdings's highest Cyclically Adjusted PB Ratio was 575.33. The lowest was 0.80. And the median was 2.96.

FRA:AYA's Cyclically Adjusted PB Ratio is ranked better than
62.91% of 941 companies
in the Vehicles & Parts industry
Industry Median: 1.29 vs FRA:AYA: 0.91

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.

American Axle & Mfg Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was €4.865. 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 €7.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Axle & Mfg Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for American Axle & Mfg Holdings'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.

American Axle & Mfg Holdings Cyclically Adjusted PB Ratio Chart

American Axle & Mfg Holdings 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 3.47 1.95 1.66 1.11 1.12

American Axle & Mfg Holdings 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 1.06 1.09 0.93 1.12 0.90

Competitive Comparison of American Axle & Mfg Holdings's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, American Axle & Mfg Holdings'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.


American Axle & Mfg Holdings's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where American Axle & Mfg Holdings's Cyclically Adjusted PB Ratio falls into.



American Axle & Mfg Holdings 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.

American Axle & Mfg Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.70/7.47
=0.90

* 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.

American Axle & Mfg Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, American Axle & Mfg Holdings'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)
=4.865/131.7762*131.7762
=4.865

Current CPI (Mar. 2024) = 131.7762.

American Axle & Mfg Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.393 100.560 1.825
201409 1.734 100.428 2.275
201412 1.213 99.070 1.613
201503 1.735 99.621 2.295
201506 2.405 100.684 3.148
201509 2.657 100.392 3.488
201512 3.637 99.792 4.803
201603 4.543 100.470 5.959
201606 5.325 101.688 6.901
201609 6.059 101.861 7.838
201612 6.248 101.863 8.083
201703 7.730 102.862 9.903
201706 10.343 103.349 13.188
201709 10.801 104.136 13.668
201712 11.661 104.011 14.774
201803 12.218 105.290 15.292
201806 13.520 106.317 16.758
201809 14.104 106.507 17.450
201812 11.677 105.998 14.517
201903 11.968 107.251 14.705
201906 12.347 108.070 15.056
201909 11.354 108.329 13.811
201912 7.814 108.420 9.497
202003 3.122 108.902 3.778
202006 1.538 108.767 1.863
202009 2.554 109.815 3.065
202012 2.688 109.897 3.223
202103 2.960 111.754 3.490
202106 3.210 114.631 3.690
202109 3.224 115.734 3.671
202112 3.554 117.630 3.981
202203 3.842 121.301 4.174
202206 3.877 125.017 4.087
202209 4.291 125.227 4.515
202212 5.167 125.222 5.437
202303 4.963 127.348 5.136
202306 5.082 128.729 5.202
202309 4.911 129.860 4.983
202312 4.737 129.419 4.823
202403 4.865 131.776 4.865

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.


American Axle & Mfg Holdings  (FRA:AYA) 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.


American Axle & Mfg Holdings Cyclically Adjusted PB Ratio Related Terms

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


American Axle & Mfg Holdings (FRA:AYA) Business Description

Traded in Other Exchanges
Address
One Dauch Drive, Detroit, MI, USA, 48211-1198
American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.

American Axle & Mfg Holdings (FRA:AYA) Headlines

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