The Automotive News Europe /Pricewaterhouse Coopers Shareholder Value Index for European automakers, suppliers and retailers reflects investor returns for publicly traded companies.
The index measures the growth in value of an investment by including capital gains, share buybacks and dividends, and assumes that all cash distributions are reinvested.
The three categories surveyed include vehicle manufacturers headquartered in Europe; European suppliers with annual sales more than E100 million, of which more than 50 percent is in the automotive sector; and European car retail companies with sales more than E250 million. The returns have been adjusted for currency movements.The indices are weighted by market capitalization. Companies with larger capitalization -- the value of a share price multiplied by the number of shares outstanding -- have a greater impact on the index.