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Sonic Automotive (FRA:SA8A) Cyclically Adjusted PB Ratio : 2.49 (As of May. 28, 2024)


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What is Sonic Automotive Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Sonic Automotive's current share price is €52.00. Sonic Automotive's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €20.89. Sonic Automotive's Cyclically Adjusted PB Ratio for today is 2.49.

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

FRA:SA8A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.67   Max: 3.39
Current: 2.45

During the past years, Sonic Automotive's highest Cyclically Adjusted PB Ratio was 3.39. The lowest was 0.75. And the median was 1.67.

FRA:SA8A's Cyclically Adjusted PB Ratio is ranked worse than
72.35% of 944 companies
in the Vehicles & Parts industry
Industry Median: 1.27 vs FRA:SA8A: 2.45

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.

Sonic Automotive's adjusted book value per share data for the three months ended in Mar. 2024 was €24.551. 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 €20.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sonic Automotive Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sonic Automotive'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.

Sonic Automotive Cyclically Adjusted PB Ratio Chart

Sonic Automotive 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 2.13 2.47 2.76 2.39 2.51

Sonic Automotive 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 2.56 2.19 2.15 2.51 2.46

Competitive Comparison of Sonic Automotive's Cyclically Adjusted PB Ratio

For the Auto & Truck Dealerships subindustry, Sonic Automotive'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.


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

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

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



Sonic Automotive 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.

Sonic Automotive's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.00/20.89
=2.49

* 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.

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

For example, Sonic Automotive'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)
=24.551/131.7762*131.7762
=24.551

Current CPI (Mar. 2024) = 131.7762.

Sonic Automotive Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.145 100.560 11.984
201409 9.854 100.428 12.930
201412 10.619 99.070 14.125
201503 12.214 99.621 16.156
201506 12.040 100.684 15.758
201509 12.370 100.392 16.237
201512 13.401 99.792 17.696
201603 12.960 100.470 16.998
201606 13.217 101.688 17.128
201609 13.611 101.861 17.608
201612 15.368 101.863 19.881
201703 15.015 102.862 19.236
201706 14.476 103.349 18.458
201709 14.043 104.136 17.770
201712 15.391 104.011 19.500
201803 14.610 105.290 18.285
201806 15.772 106.317 19.549
201809 16.114 106.507 19.937
201812 16.924 105.998 21.040
201903 17.508 107.251 21.512
201906 17.970 108.070 21.912
201909 18.996 108.329 23.107
201912 19.713 108.420 23.960
202003 15.243 108.902 18.445
202006 15.381 108.767 18.635
202009 15.568 109.815 18.681
202012 16.013 109.897 19.201
202103 16.818 111.754 19.831
202106 18.832 114.631 21.649
202109 20.722 115.734 23.594
202112 23.393 117.630 26.206
202203 25.418 121.301 27.613
202206 28.188 125.017 29.712
202209 30.564 125.227 32.163
202212 23.323 125.222 24.544
202303 22.614 127.348 23.400
202306 22.835 128.729 23.376
202309 23.711 129.860 24.061
202312 24.083 129.419 24.522
202403 24.551 131.776 24.551

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.


Sonic Automotive  (FRA:SA8A) 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.


Sonic Automotive Cyclically Adjusted PB Ratio Related Terms

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


Sonic Automotive (FRA:SA8A) Business Description

Traded in Other Exchanges
Address
4401 Colwick Road, Charlotte, NC, USA, 28211
Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 18 EchoPark and 7 Northwest Motorsports used-vehicle stores, and 16 collision centers. The company derives revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 83% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 56% of new-vehicle revenue. BMW is the largest brand at about 26%. 2022's revenue was $14 billion, with EchoPark's portion totaling $2.5 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.

Sonic Automotive (FRA:SA8A) Headlines

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