Tata Motors Passenger Vehicles (BOM:500570) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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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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:500570 Tata Motors Passenger Vehicles Ltd BOM:500570
72 GF Score
Price ₹303.80
GF Value ₹386.91
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tata Motors Passenger Vehicles  (BOM:500570) 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.


Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio Related Terms


Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tata Motors Passenger Vehicles'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.

Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio Chart

Tata Motors Passenger Vehicles 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 0.93 0.88 2.07 1.34 1.15

Tata Motors Passenger Vehicles 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 1.38 1.36 1.46 1.18 1.38

BOM:500570 vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Tata Motors Passenger Vehicles'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.


Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


BOM:500570
72GF Score
Tata Motors Passenger Vehicles Ltd BOM:500570
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tata Motors Passenger Vehicles 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.

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

For example, Tata Motors Passenger Vehicles'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)
=/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Tata Motors Passenger Vehicles Quarterly Data

Book Value per Share CPI Adj_Book
201609 161.132 105.961 254.495
201612 105.196 0.000
201703 171.033 105.196 272.098
201706 107.109 0.000
201709 232.791 109.021 357.354
201712 109.404 0.000
201803 280.460 109.786 427.530
201806 111.317 0.000
201809 279.542 115.142 406.311
201812 115.142 0.000
201903 177.427 118.202 251.211
201906 120.880 0.000
201909 154.551 123.175 209.988
201912 126.235 0.000
202003 176.356 124.705 236.674
202006 127.000 0.000
202009 143.633 130.118 184.740
202012 130.889 0.000
202103 147.423 131.771 187.237
202106 134.084 0.000
202109 120.671 135.847 148.661
202112 138.161 0.000
202203 126.662 138.822 152.698
202206 142.347 0.000
202209 80.056 144.661 92.616
202212 145.763 0.000
202303 136.435 146.865 155.472
202306 150.280 0.000
202309 157.866 151.492 174.399
202312 152.924 0.000
202403 241.322 153.035 263.908
202406 155.789 0.000
202409 296.870 157.882 314.686
202412 158.323 0.000
202503 333.448 157.552 354.201
202506 159.755 0.000
202509 318.445 162.289 328.390
202512 163.281 0.000
202603 322.732 164.272 328.793
202606 167.357 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 Tata Motors Passenger Vehicles (BOM:500570) Overvalued in 2026?

Based on GuruFocus' analysis, Tata Motors Passenger Vehicles stock appears to be undervalued. The current stock price of ₹303.80 is trading 21.5% below its estimated GF Value™ of ₹386.91. GuruFocus considers Tata Motors Passenger Vehicles to be Modestly Undervalued.

Key valuation signals for BOM:500570:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹386.91 vs. price of ₹303.80 (21.5% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the BOM:500570 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tata Motors Passenger Vehicles Business Description

Other Exchanges TMPV:India
Address 24, Homi Mody Street, Bombay House, Mumbai, MH, IND, 400001
Tata Motors Passenger Vehicles Ltd Formerly Tata Motors Ltd designs, manufactures and sells a wide range of automotive vehicles and provides information technology services. The company also manufactures engines for industrial applications. Its operating segments include Automotive and Others. It mainly operates in the automotive business. The automotive business includes all activities relating to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts, accessories and services. The Automotive segment consists of three reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles and Jaguar Land Rover of which majority of revenue comes from Jaguar Land Rover. It has majority of sales from India followed by United States, UK, etc.
72GF Score

Get the complete analysis for BOM:500570

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

₹303.80
Price
₹386.91
GF Value