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Autohome (HKSE:02518) Cyclically Adjusted PB Ratio : 1.72 (As of May. 15, 2024)


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What is Autohome Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Autohome's current share price is HK$57.95. Autohome's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was HK$33.66. Autohome's Cyclically Adjusted PB Ratio for today is 1.72.

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

HKSE:02518' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.07   Max: 2.91
Current: 1.76

During the past years, Autohome's highest Cyclically Adjusted PB Ratio was 2.91. The lowest was 1.46. And the median was 2.07.

HKSE:02518's Cyclically Adjusted PB Ratio is ranked worse than
53.24% of 293 companies
in the Interactive Media industry
Industry Median: 1.64 vs HKSE:02518: 1.76

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.

Autohome's adjusted book value per share data for the three months ended in Mar. 2024 was HK$54.631. 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 HK$33.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Autohome Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Autohome'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.

Autohome Cyclically Adjusted PB Ratio Chart

Autohome 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 - - 2.40 2.09 1.71

Autohome 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 2.23 1.91 1.90 1.71 1.54

Competitive Comparison of Autohome's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Autohome'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.


Autohome's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Autohome's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Autohome 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.

Autohome's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.95/33.66
=1.72

* 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.

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

For example, Autohome'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)
=54.631/114.6694*114.6694
=54.631

Current CPI (Mar. 2024) = 114.6694.

Autohome Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.661 98.200 8.946
201409 7.979 98.900 9.251
201412 10.381 99.000 12.024
201503 10.900 99.900 12.511
201506 11.896 99.500 13.710
201509 12.133 100.500 13.844
201512 12.892 100.600 14.695
201603 13.566 102.200 15.221
201606 14.529 101.400 16.430
201609 14.819 102.400 16.595
201612 15.463 102.600 17.282
201703 16.427 103.200 18.253
201706 17.642 103.100 19.622
201709 19.587 104.100 21.576
201712 20.109 104.500 22.066
201803 22.392 105.300 24.384
201806 23.959 104.900 26.190
201809 24.322 106.600 26.163
201812 26.786 106.500 28.841
201903 29.273 107.700 31.167
201906 30.511 107.700 32.485
201909 31.240 109.800 32.625
201912 34.220 111.200 35.288
202003 34.014 112.300 34.732
202006 35.761 110.400 37.144
202009 39.134 111.700 40.174
202012 43.600 111.500 44.839
202103 49.125 112.662 50.001
202106 53.106 111.769 54.484
202109 53.809 112.215 54.986
202112 54.838 113.108 55.595
202203 55.253 114.335 55.415
202206 53.887 114.558 53.939
202209 53.612 115.339 53.301
202212 54.140 115.116 53.930
202303 54.839 115.116 54.626
202306 54.088 114.558 54.141
202309 54.802 115.339 54.484
202312 54.142 114.669 54.142
202403 54.631 114.669 54.631

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.


Autohome  (HKSE:02518) 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.


Autohome Cyclically Adjusted PB Ratio Related Terms

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


Autohome (HKSE:02518) Business Description

Traded in Other Exchanges
Address
3 Dan Ling Street, 18th Floor, Tower B, CEC Plaza, Haidian District, Beijing, CHN, 100080
Founded in 2008 as a media content platform, Autohome is the leading online automobile platform in China, ranking first among automotive service platforms in terms of mobile daily active users, according to QuestMobile. Through its two websites, autohome.com.cn and che168.com, Autohome delivers comprehensive, independent and interactive content and tools to automobile consumers as well as a full suite of services to automakers and dealers. According to iResearch, the company was the largest online automotive advertising and lead generation service provider with 30% market share, in terms of media services and lead generation revenue, in China's online auto platform media advertising market in 2019.

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