Tata Motors Passenger Vehicles (BUE:TTM) Cyclically Adjusted PB Ratio: 0.77 (As of Aug. 07, 2026) — Near Median

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BUE:TTM Tata Motors Passenger Vehicles Ltd BUE:TTM
70 GF Score
Price ARS8,651.00
GF Value ARS8,510.22
! 6 Warning Signs
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What is Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio?

Tata Motors Passenger Vehicles BUE:TTM 70 Cyclically Adjusted PB Ratio is 0.77 as of Aug. 07, 2026, which is 5% below its 10-year median of 0.81. GuruFocus rates BUE:TTM with a GF Score™ of 70/100 and a GF Value™ of ARS8,510.22. The stock has 6 warning signs investors should review. Among 1,010 Vehicles & Parts companies, Tata Motors Passenger Vehicles ranks better than 62.97% on this metric.

As of today (2026-08-07), Tata Motors Passenger Vehicles's current share price is ARS8651.00. Tata Motors Passenger Vehicles's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ARS11,260.32. Tata Motors Passenger Vehicles's Cyclically Adjusted PB Ratio for today is 0.77.

The historical rank and industry rank for Tata Motors Passenger Vehicles's Cyclically Adjusted PB Ratio or its related term are showing as below:

BUE:TTM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.81   Max: 1.55
Current: 0.9

During the past years, Tata Motors Passenger Vehicles's highest Cyclically Adjusted PB Ratio was 1.55. The lowest was 0.12. And the median was 0.81.

BUE:TTM's Cyclically Adjusted PB Ratio is ranked better than
62.97% of 1010 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs BUE:TTM: 0.90

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.

Tata Motors Passenger Vehicles's adjusted book value per share data for the three months ended in Mar. 2026 was ARS22,923.092. 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 ARS11,260.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tata Motors Passenger Vehicles  (BUE:TTM) 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 0.67 0.64 1.47 0.92 0.77

Tata Motors Passenger Vehicles Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.92 0.00 0.88 0.00 0.77

BUE:TTM 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.


BUE:TTM
70GF Score
Tata Motors Passenger Vehicles Ltd BUE:TTM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8651.00/11260.32
=0.77

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tata Motors Passenger Vehicles'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)
=22923.092/164.2724*164.2724
=22,923.092

Current CPI (Mar. 2026) = 164.2724.

Tata Motors Passenger Vehicles Quarterly Data

Book Value per Share CPI Adj_Book
201012 0.000 70.768 0.000
201103 29.520 70.768 68.524
201112 0.000 75.359 0.000
201203 44.619 76.889 95.328
201303 53.130 85.687 101.857
201403 125.501 91.425 225.500
201412 138.168 96.780 234.523
201503 116.089 97.163 196.271
201603 1,639.342 102.518 2,626.835
201703 1,230.690 105.196 1,921.826
201803 414.211 109.786 619.780
201903 457.813 118.202 636.250
201906 0.000 120.880 0.000
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 682.523 124.705 899.079
202006 0.000 127.000 0.000
202009 709.778 130.118 896.087
202012 0.000 130.889 0.000
202103 813.047 131.771 1,013.589
202106 0.000 134.084 0.000
202109 774.721 135.847 936.828
202112 0.000 138.161 0.000
202203 820.033 138.822 970.372
202206 0.000 142.347 0.000
202209 682.226 144.661 774.713
202212 0.000 145.763 0.000
202303 1,420.855 146.865 1,589.268
202306 0.000 150.280 0.000
202309 2,949.526 151.492 3,198.358
202312 0.000 152.924 0.000
202403 11,243.381 153.035 12,069.025
202406 0.000 155.789 0.000
202409 13,682.403 157.882 14,236.191
202412 0.000 158.323 0.000
202503 19,436.068 157.552 20,265.154
202506 0.000 159.755 0.000
202509 23,121.694 162.289 23,404.245
202512 0.000 163.281 0.000
202603 22,923.092 164.272 22,923.092

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.

What does a Cyclically Adjusted PB Ratio of 0.77 mean?
Tata Motors Passenger Vehicles (BUE:TTM) has a Cyclically Adjusted PB Ratio of 0.77 as of Aug. 07, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Tata Motors Passenger Vehicles and its competitors. This is near median its historical median of 0.81. Over the past decade, Tata Motors Passenger Vehicles' Cyclically Adjusted PB Ratio has ranged from 0.12 to 1.55. According to the industry distribution chart, Tata Motors Passenger Vehicles ranks #374 out of 1010 companies in the Vehicles & Parts industry, placing it in the top 37%.
Is Tata Motors Passenger Vehicles' Cyclically Adjusted PB Ratio too high?
Tata Motors Passenger Vehicles' current Cyclically Adjusted PB Ratio of 0.77 is near median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.55. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. Tata Motors Passenger Vehicles' value of 0.77 is 38.9% below this industry median. Based on the distribution chart, Tata Motors Passenger Vehicles ranks #374 out of 1010 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Tata Motors Passenger Vehicles has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Tata Motors Passenger Vehicles' Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tata Motors Passenger Vehicles ranks #374 out of 1010 companies for Cyclically Adjusted PB Ratio. This puts Tata Motors Passenger Vehicles in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Tata Motors Passenger Vehicles' value of 0.77 is 38.9% below this benchmark. Historically, Tata Motors Passenger Vehicles' own Cyclically Adjusted PB Ratio has ranged from 0.12 to 1.55 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 1.26, Tata Motors Passenger Vehicles has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tata Motors Passenger Vehicles's current Cyclically Adjusted PB Ratio of 0.77 is 38.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Tata Motors Passenger Vehicles and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Motors Passenger Vehicles's current Cyclically Adjusted PB Ratio is 0.77, which is near median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Motors Passenger Vehicles stock overvalued right now?
Tata Motors Passenger Vehicles (BUE:TTM) has a current Cyclically Adjusted PB Ratio of 0.77. The stock's GF Value™ is ARS8,510.22, compared to a current price of ARS8,651.00 — trading 1.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.77, which is near median its 10-year median of 0.81 and 38.9% below the Vehicles & Parts industry median of 1.26. Tata Motors Passenger Vehicles' overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Tata Motors Passenger Vehicles (BUE:TTM), the current Cyclically Adjusted PB Ratio is 0.77 as of Aug. 07, 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 Tata Motors Passenger Vehicles (BUE:TTM) Overvalued in 2026?

Based on GuruFocus' analysis, Tata Motors Passenger Vehicles stock appears to be overvalued. The current stock price of ARS8,651.00 is trading 1.7% above its estimated GF Value™ of ARS8,510.22.

Key valuation signals for BUE:TTM:

  • Cyclically Adjusted PB Ratio: 0.77 (near median its 10-year median of 0.81)
  • GF Value™: ARS8,510.22 vs. price of ARS8,651.00 (1.7% above fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 38.9% below the Vehicles & Parts median (#374 of 1010)

No single metric tells the full story. See the BUE:TTM 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:India500570: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.
70GF Score

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

ARS8,651.00
Price
ARS8,510.22
GF Value