Yamaha Motor Co (HAM:YMA) Cyclically Adjusted Book per Share: €4.93 (As of Mar. 2026)


HAM:YMA Yamaha Motor Co Ltd HAM:YMA
89 GF Score
Price €6.77
GF Value €7.49
Valuation Fairly Valued
! 8 Warning Signs
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What is Yamaha Motor Co Cyclically Adjusted Book per Share?

Yamaha Motor Co HAM:YMA +1.44% 89 Cyclically Adjusted Book per Share is €4.93 as of Mar. 2026. GuruFocus rates HAM:YMA with a GF Score™ of 89/100 and a GF Value™ of €7.49 (Fairly Valued). The stock has 8 warning signs investors should review.

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.

Yamaha Motor Co's adjusted book value per share for the three months ended in Mar. 2026 was €6.532. 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 €4.93 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Yamaha Motor Co's average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.60% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Yamaha Motor Co was 15.00% per year. The lowest was 5.40% per year. And the median was 12.00% per year.

As of today (2026-07-04), Yamaha Motor Co's current stock price is €6.768. Yamaha Motor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.93. Yamaha Motor Co's Cyclically Adjusted PB Ratio of today is 1.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Yamaha Motor Co was 3.20. The lowest was 0.83. And the median was 1.72.


Yamaha Motor Co  (HAM:YMA) 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.

Yamaha Motor Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.768/4.93
=1.37

* 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 Yamaha Motor Co was 3.20. The lowest was 0.83. And the median was 1.72.


Be Aware

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


Yamaha Motor Co Cyclically Adjusted Book per Share Related Terms


Yamaha Motor Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Yamaha Motor Co'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.

Yamaha Motor Co Cyclically Adjusted Book per Share Chart

Yamaha Motor Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 4.78

Yamaha Motor Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 4.78 4.93

HAM:YMA vs TSLA, GM, F: Cyclically Adjusted Book per Share Comparison

For the Auto Manufacturers subindustry, Yamaha Motor Co'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.


Yamaha Motor Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


HAM:YMA
89GF Score
Yamaha Motor Co Ltd HAM:YMA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yamaha Motor Co 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, Yamaha Motor Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.532/112.7000*112.7000
=6.532

Current CPI (Mar. 2026) = 112.7000.

Yamaha Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.774 98.100 4.336
201609 3.956 98.000 4.549
201612 4.167 98.400 4.773
201703 4.286 98.100 4.924
201706 4.445 98.500 5.086
201709 4.367 98.800 4.981
201712 4.448 99.400 5.043
201803 4.514 99.200 5.128
201806 4.830 99.200 5.487
201809 4.872 99.900 5.496
201812 4.916 99.700 5.557
201903 5.089 99.700 5.753
201906 5.333 99.800 6.022
201909 5.480 100.100 6.170
201912 5.551 100.500 6.225
202003 5.246 100.300 5.895
202006 5.124 99.900 5.781
202009 5.276 99.900 5.952
202012 5.399 99.300 6.128
202103 5.598 99.900 6.315
202106 5.861 99.500 6.639
202109 6.175 100.100 6.952
202112 6.437 100.100 7.247
202203 6.625 101.100 7.385
202206 6.768 101.800 7.493
202209 7.057 103.100 7.714
202212 6.649 104.100 7.198
202303 7.119 104.400 7.685
202306 7.399 105.200 7.926
202309 7.314 106.200 7.762
202312 6.910 106.800 7.292
202403 7.081 107.200 7.444
202406 7.332 108.200 7.637
202409 7.343 108.900 7.599
202412 7.377 110.700 7.510
202503 7.156 111.100 7.259
202506 7.074 111.700 7.137
202509 6.576 112.000 6.617
202512 6.391 113.000 6.374
202603 6.532 112.700 6.532

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

What does a Cyclically Adjusted Book per Share of €4.93 mean?
Yamaha Motor Co (HAM:YMA) has a Cyclically Adjusted Book per Share of €4.93 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Yamaha Motor Co and its competitors.
Is Yamaha Motor Co's Cyclically Adjusted Book per Share too high?
Yamaha Motor Co's current Cyclically Adjusted Book per Share is €4.93. Overall, Yamaha Motor Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yamaha Motor Co's Cyclically Adjusted Book per Share compare to TSLA and GM?
Yamaha Motor Co's Cyclically Adjusted Book per Share of €4.93 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Vehicles & Parts company?
A good Cyclically Adjusted Book per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Yamaha Motor Co and its competitors. Yamaha Motor Co's current Cyclically Adjusted Book per Share is €4.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yamaha Motor Co stock overvalued right now?
Based on GuruFocus' analysis, Yamaha Motor Co (HAM:YMA) is currently considered Fairly Valued. The stock's GF Value™ is €7.49, compared to a current price of €6.77 — trading 9.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is €4.93. Yamaha Motor Co's overall GF Score™ is 89/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Yamaha Motor Co (HAM:YMA), the current Cyclically Adjusted Book per Share is €4.93 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Yamaha Motor Co (HAM:YMA) Overvalued in 2026?

Based on GuruFocus' analysis, Yamaha Motor Co stock appears to be undervalued. The current stock price of €6.77 is trading 9.6% below its estimated GF Value™ of €7.49. GuruFocus considers Yamaha Motor Co to be Fairly Valued.

Key valuation signals for HAM:YMA:

  • Cyclically Adjusted Book per Share: €4.93
  • GF Value™: €7.49 vs. price of €6.77 (9.6% below fair value)
  • GF Score™: 89/100 with 8 warning signs

No single metric tells the full story. See the HAM:YMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yamaha Motor Co Business Description

Address 2500 Shingai, Shizuoka Prefecture, Iwata-shi, JPN, 438-8501
Yamaha Motor Co Ltd is engaged in the manufacture and sale of motorcycles, marine products, and related equipment. The company operates through four reportable segments: Land Mobility, Marine, Robotics, and Financial Services. The Land Mobility segment includes motorcycles, highway vehicles, electric-assist bicycles, automobile engines, and components. The Marine segment handles outboard motors, water vehicles, boats, and fishing vessels. The Robotics segment provides surface mounters, semiconductor manufacturing equipment, industrial robots, and unmanned helicopters, while the Financial Services segment offers sales financing and leasing related to Yamaha products. It generates the majority of its revenue from the Land mobility segment.
89GF Score

Get the complete analysis for HAM:YMA

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.77
Price
€7.49
GF Value