Tata Motors Passenger Vehicles (BUE:TTM) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

BUE:TTM Tata Motors Passenger Vehicles Ltd BUE:TTM
71 GF Score
Price ARS8,651.00
GF Value ARS9,098.42
! 4 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  (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
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 0.88 0.00 0.77 0.00

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
71GF Score
Tata Motors Passenger Vehicles Ltd BUE:TTM
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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Tata Motors Passenger Vehicles Quarterly Data

Book Value per Share CPI Adj_Book
201103 29.520 70.768 69.811
201112 0.000 75.359 0.000
201203 44.619 76.889 97.119
201303 53.130 85.687 103.769
201403 125.501 91.425 229.735
201412 138.168 96.780 238.927
201503 116.089 97.163 199.956
201603 1,639.342 102.518 2,676.165
201703 1,230.690 105.196 1,957.916
201803 414.211 109.786 631.419
201903 457.813 118.202 648.198
201906 0.000 120.880 0.000
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 682.523 124.705 915.963
202006 0.000 127.000 0.000
202009 709.778 130.118 912.915
202012 0.000 130.889 0.000
202103 813.047 131.771 1,032.624
202106 0.000 134.084 0.000
202109 774.721 135.847 954.421
202112 0.000 138.161 0.000
202203 820.033 138.822 988.595
202206 0.000 142.347 0.000
202209 682.226 144.661 789.262
202212 0.000 145.763 0.000
202303 1,420.855 146.865 1,619.113
202306 0.000 150.280 0.000
202309 2,949.526 151.492 3,258.421
202312 0.000 152.924 0.000
202403 11,243.381 153.035 12,295.671
202406 0.000 155.789 0.000
202409 13,682.403 157.882 14,503.535
202412 0.000 158.323 0.000
202503 19,436.068 157.552 20,645.717
202506 0.000 159.755 0.000
202509 23,121.694 162.289 23,843.757
202512 0.000 163.281 0.000
202603 22,923.092 164.272 23,353.569
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 Tata Motors Passenger Vehicles (BUE:TTM) Overvalued in 2026?

Based on GuruFocus' analysis, Tata Motors Passenger Vehicles stock appears to be undervalued. The current stock price of ARS8,651.00 is trading 4.9% below its estimated GF Value™ of ARS9,098.42.

Key valuation signals for BUE:TTM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ARS9,098.42 vs. price of ARS8,651.00 (4.9% below fair value)
  • GF Score™: 71/100 with 4 warning signs

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.
71GF Score

Get the complete analysis for BUE:TTM

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

ARS8,651.00
Price
ARS9,098.42
GF Value