Eicher Motors (BOM:505200) Cyclically Adjusted PB Ratio: (As of Sep. 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:505200 Eicher Motors Ltd BOM:505200
96 GF Score
Price ₹7,540.00
GF Value ₹7,585.69
Valuation Fairly Valued
! 3 Warning Signs
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What is Eicher Motors Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Eicher Motors  (BOM:505200) 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.


Eicher Motors Cyclically Adjusted PB Ratio Related Terms


Eicher Motors Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eicher 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.

Eicher Motors Cyclically Adjusted PB Ratio Chart

Eicher 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 8.66 8.85 10.06 11.32 12.08

Eicher 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 13.48 0.00 12.08 0.00

BOM:505200 vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Eicher 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.


Eicher Motors Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


BOM:505200
96GF Score
Eicher Motors Ltd BOM:505200
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Eicher 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.

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

For example, Eicher 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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Eicher Motors Quarterly Data

Book Value per Share CPI Adj_Book
201609 163.847 105.961 258.784
201612 0.000 105.196 0.000
201703 196.436 105.196 312.512
201706 0.000 107.109 0.000
201709 220.869 109.021 339.053
201712 0.000 109.404 0.000
201803 257.932 109.786 393.189
201806 0.000 111.317 0.000
201809 286.791 115.142 416.847
201812 0.000 115.142 0.000
201903 326.901 118.202 462.845
201906 0.000 120.880 0.000
201909 349.266 123.175 474.546
201912 0.000 126.235 0.000
202003 365.540 124.705 490.564
202006 0.000 127.000 0.000
202009 377.657 130.118 485.741
202012 0.000 130.889 0.000
202103 418.462 131.771 531.475
202106 0.000 134.084 0.000
202109 421.958 135.847 519.833
202112 0.000 138.161 0.000
202203 461.117 138.822 555.902
202206 0.000 142.347 0.000
202209 485.483 144.661 561.652
202212 0.000 145.763 0.000
202303 547.782 146.865 624.217
202306 0.000 150.280 0.000
202309 581.954 151.492 642.900
202312 0.000 152.924 0.000
202403 659.063 153.035 720.746
202406 0.000 155.789 0.000
202409 692.530 157.882 734.091
202412 0.000 158.323 0.000
202503 776.779 157.552 825.124
202506 0.000 159.755 0.000
202509 805.244 162.289 830.391
202512 0.000 163.281 0.000
202603 915.015 164.272 932.198
202606 0.000 167.357 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 Eicher Motors (BOM:505200) Overvalued in 2026?

Based on GuruFocus' analysis, Eicher Motors stock appears to be undervalued. The current stock price of ₹7,540.00 is trading 0.6% below its estimated GF Value™ of ₹7,585.69. GuruFocus considers Eicher Motors to be Fairly Valued.

Key valuation signals for BOM:505200:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹7,585.69 vs. price of ₹7,540.00 (0.6% below fair value)
  • GF Score™: 96/100 with 3 warning signs

No single metric tells the full story. See the BOM:505200 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eicher Motors Business Description

Other Exchanges EICHERMOT:India
Address No. 96, Sector 32, Gurugram, HR, IND, 122001
Eicher Motors Ltd is an Indian automobile manufacturer and is also engaged in the retail of related components and accessories. The company manufactures two-wheeler motorcycles and commercial vehicles. The Motorcycles division, which derives its key revenue, produces motorcycles through the Royal Enfield brand. The Commercial Vehicles division, through a joint venture with Volvo, produces trucks and buses for sale in India and other developing markets. The company derives the vast majority of its revenue within India and also has a presence in overseas markets.
96GF Score

Get the complete analysis for BOM:505200

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

₹7,540.00
Price
₹7,585.69
GF Value