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HLKHF (HELLA GmbH KGaA) Cyclically Adjusted Book per Share : $28.64 (As of Jun. 2024)


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What is HELLA GmbH KGaA 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.

HELLA GmbH KGaA's adjusted book value per share for the three months ended in Jun. 2024 was $29.744. 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 $28.64 for the trailing ten years ended in Jun. 2024.

During the past 12 months, HELLA GmbH KGaA's average Cyclically Adjusted Book Growth Rate was 7.60% 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.

As of today (2024-10-09), HELLA GmbH KGaA's current stock price is $94.85. HELLA GmbH KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $28.64. HELLA GmbH KGaA's Cyclically Adjusted PB Ratio of today is 3.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of HELLA GmbH KGaA was 3.76. The lowest was 2.66. And the median was 3.28.


HELLA GmbH KGaA Cyclically Adjusted Book per Share Historical Data

The historical data trend for HELLA GmbH KGaA'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.

HELLA GmbH KGaA Cyclically Adjusted Book per Share Chart

HELLA GmbH KGaA Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 22.25 22.82

HELLA GmbH KGaA Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 25.31 27.84 22.82 28.20 28.64

Competitive Comparison of HELLA GmbH KGaA's Cyclically Adjusted Book per Share

For the Auto Parts subindustry, HELLA GmbH KGaA'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.


HELLA GmbH KGaA's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

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



HELLA GmbH KGaA 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, HELLA GmbH KGaA's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=29.744/125.8815*125.8815
=29.744

Current CPI (Jun. 2024) = 125.8815.

HELLA GmbH KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201408 16.319 99.823 20.579
201411 18.802 99.543 23.777
201502 17.961 99.217 22.788
201505 18.907 100.417 23.702
201508 18.939 100.617 23.695
201511 18.471 99.717 23.318
201602 18.814 99.317 23.846
201605 20.085 100.617 25.128
201608 20.461 101.017 25.497
201611 20.066 100.517 25.130
201702 20.754 101.217 25.811
201705 22.085 101.817 27.305
201708 24.208 102.617 29.696
201711 24.072 102.117 29.674
201802 26.270 102.317 32.320
201805 26.323 103.917 31.887
201808 26.627 104.517 32.070
201811 28.533 104.217 34.464
201902 29.154 103.817 35.350
201905 29.858 105.418 35.654
201908 29.826 106.018 35.414
201911 27.222 105.318 32.537
202002 27.205 105.618 32.425
202005 20.665 106.018 24.537
202008 21.129 106.018 25.088
202011 22.723 105.018 27.237
202102 25.091 107.018 29.514
202105 26.888 108.170 31.291
202108 26.948 109.118 31.088
202111 25.834 110.173 29.517
202202 26.752 111.754 30.134
202205 26.032 115.760 28.308
202208 26.198 116.709 28.257
202211 26.004 119.872 27.308
202303 29.964 122.402 30.816
202306 27.556 123.140 28.169
202309 28.025 124.195 28.406
202312 28.398 123.773 28.882
202403 29.041 125.038 29.237
202406 29.744 125.882 29.744

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


HELLA GmbH KGaA  (OTCPK:HLKHF) 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.

HELLA GmbH KGaA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=94.85/28.64
=3.31

* 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 HELLA GmbH KGaA was 3.76. The lowest was 2.66. And the median was 3.28.


Be Aware

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


HELLA GmbH KGaA Cyclically Adjusted Book per Share Related Terms

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


HELLA GmbH KGaA Business Description

Traded in Other Exchanges
Address
Rixbecker Strasse 75, Lippstadt, NW, DEU, 59552
HELLA GmbH & Co KGaA is a manufacturer of lighting and electronic components and systems for the automotive industry. The company also produces complete vehicle modules, air-conditioning systems, and vehicle electrical systems in its joint-venture companies, as well as products for specialist vehicles. Further, Hella operates a trade organisation for automotive parts, accessories, diagnosis, and services in Europe. The company is controlled through a pooled family majority shareholding in the group. The company has three reportable segments which are Lighting, Electronics and Lifecycle Solutions. The company generates majority of the revenue from Lighting segment.

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