The Automotive News Europe/PricewaterhouseCoopers Total Shareholder Return Index for European carmakers, suppliers and auto 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 have been reinvested.
The three categories surveyed include vehicle manufacturers with over 40 percent sales in Europe; European suppliers with annual sales over E100 million, of which over 50 percent is in the automotive sector; and European retail companies with sales over 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.