Force Motors (BOM:500033) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:500033 Force Motors Ltd BOM:500033
63 GF Score
Price ₹18,351.00
GF Value ₹11,869.22
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Force Motors Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Force Motors  (BOM:500033) 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.


Force Motors Cyclically Adjusted PB Ratio Related Terms


Force Motors Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Force Motors'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.

Force Motors Cyclically Adjusted PB Ratio Chart

Force Motors Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 4.75 4.98 10.12

Force Motors Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 8.79 0.00 10.12 0.00

BOM:500033 vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Force Motors'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.


Force Motors Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


BOM:500033
63GF Score
Force Motors Ltd BOM:500033
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Force Motors 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.

Force Motors's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Force Motors's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Force Motors Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.000 88.365 0.000
201309 906.309 91.042 1,653.944
201403 931.764 91.425 1,693.284
201503 1,013.950 97.163 1,733.822
201603 1,130.571 102.518 1,832.250
201703 1,265.619 105.196 1,998.905
201803 1,366.978 109.786 2,068.718
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 1,467.221 118.202 2,062.332
201906 0.000 120.880 0.000
201909 1,477.444 123.175 1,992.860
201912 0.000 126.235 0.000
202003 1,491.606 124.705 1,987.276
202006 0.000 127.000 0.000
202009 1,445.719 130.118 1,846.015
202012 0.000 130.889 0.000
202103 1,394.832 131.771 1,758.701
202106 0.000 134.084 0.000
202109 1,389.435 135.847 1,699.325
202112 0.000 138.161 0.000
202203 1,326.556 138.822 1,587.655
202206 0.000 142.347 0.000
202209 1,324.317 144.661 1,520.998
202212 0.000 145.763 0.000
202303 1,423.065 146.865 1,609.889
202306 0.000 150.280 0.000
202309 1,537.379 151.492 1,686.085
202312 0.000 152.924 0.000
202403 1,711.551 153.035 1,858.184
202406 0.000 155.789 0.000
202409 1,883.447 157.882 1,982.022
202412 0.000 158.323 0.000
202503 2,302.239 157.552 2,427.815
202506 0.000 159.755 0.000
202509 2,661.134 162.289 2,724.366
202512 0.000 163.281 0.000
202603 3,183.326 164.272 3,219.622
202606 0.000 166.145 0.000

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.

Is Force Motors (BOM:500033) Overvalued in 2026?

Based on GuruFocus' analysis, Force Motors stock appears to be overvalued. The current stock price of ₹18,351.00 is trading 54.6% above its estimated GF Value™ of ₹11,869.22. GuruFocus considers Force Motors to be Significantly Overvalued.

Key valuation signals for BOM:500033:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹11,869.22 vs. price of ₹18,351.00 (54.6% above fair value)
  • GF Score™: 63/100 with 1 warning sign

No single metric tells the full story. See the BOM:500033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Force Motors Business Description

Other Exchanges FORCEMOT:India
Address Mumbai-Pune Road, Akurdi, Pune, MH, IND, 411 035
Force Motors Ltd is an automobile manufacturing company domiciled in India. The company principally manufactures small commercial vehicles, including cargo transportation; light commercial vehicles, such as buses and vans; multi-utility vehicles; sports utility vehicles; and agricultural tractors. In addition to vehicle manufacturing operations, Force Motors manufactures products related to the automobile industry, such as diesel engines. Production is largely sold domestically, and the company's manufacturing operations are conducted in domestic plants.
63GF Score

Get the complete analysis for BOM:500033

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

₹18,351.00
Price
₹11,869.22
GF Value