BWA (BorgWarner) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

BWA BorgWarner Inc BWA
75 GF Score
Price $63.32
GF Value $39.52
Valuation Significantly Overvalued
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What is BorgWarner Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BorgWarner  (NYSE:BWA) 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.


BorgWarner Cyclically Adjusted PB Ratio Related Terms


BorgWarner Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BorgWarner'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.

BorgWarner Cyclically Adjusted PB Ratio Chart

BorgWarner Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.79 1.41 1.36 1.15 1.56

BorgWarner 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 1.19 1.54 1.58 1.86 2.25

BWA vs AUR, ALSN, APTV: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, BorgWarner'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.


BorgWarner Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


BWA
75GF Score
BorgWarner Inc BWA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BorgWarner 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.

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

For example, BorgWarner'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)
=28.468/333.9520*333.9520
=28.468

Current CPI (Jun. 2026) = 333.9520.

BorgWarner Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.798 241.428 24.619
201612 15.556 241.432 21.517
201703 16.397 243.801 22.460
201706 17.492 244.955 23.847
201709 18.575 246.819 25.132
201712 18.148 246.524 24.584
201803 19.114 249.554 25.578
201806 19.409 251.989 25.722
201809 20.023 252.439 26.488
201812 20.867 251.233 27.738
201903 21.156 254.202 27.793
201906 21.800 256.143 28.422
201909 22.170 256.759 28.835
201912 23.468 256.974 30.498
202003 23.462 258.115 30.355
202006 22.981 257.797 29.770
202009 20.113 260.280 25.806
202012 28.142 260.474 36.081
202103 27.743 264.877 34.978
202106 29.284 271.696 35.994
202109 29.278 274.310 35.644
202112 30.286 278.802 36.277
202203 30.629 287.504 35.577
202206 30.279 296.311 34.125
202209 30.053 296.808 33.814
202212 32.069 296.797 36.084
202303 32.764 301.836 36.250
202306 33.102 305.109 36.231
202309 25.556 307.789 27.728
202312 26.399 306.746 28.740
202403 26.519 312.332 28.355
202406 27.594 314.175 29.331
202409 29.044 315.301 30.762
202412 26.094 315.605 27.611
202503 26.807 319.799 27.993
202506 28.046 322.561 29.036
202509 28.421 324.800 29.222
202512 27.113 324.054 27.941
202603 27.248 330.213 27.557
202606 28.468 333.952 28.468

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 BorgWarner (BWA) Overvalued in 2026?

Based on GuruFocus' analysis, BorgWarner stock appears to be overvalued. The current stock price of $63.32 is trading 60.2% above its estimated GF Value™ of $39.52. GuruFocus considers BorgWarner to be Significantly Overvalued.

Key valuation signals for BWA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $39.52 vs. price of $63.32 (60.2% above fair value)
  • GF Score™: 75/100

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


BorgWarner Business Description

Address 3850 Hamlin Road, Auburn Hills, MI, USA, 48326
BorgWarner is a tier one supplier of turbo and thermal management technologies, drivetrain systems, powerdrive systems, and battery and charging systems mostly to automotive original equipment manufacturers. Its products aim to move a vehicle with as few electrons as possible, resulting in cleaner, cost-optimized, and more-efficient vehicles. Foundational products, the combustion vehicle business, contributes more than 80% to group revenue while BorgWarner transitions to becoming an electric vehicle-centric parts supplier (e-business). In 2024, 23% of the company's revenue was sourced from Volkswagen and Ford. Revenue is well diversified geographically, with approximately a third each generated in North America, Europe, and Asia.
75GF Score

Get the complete analysis for BWA

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

$63.32
Price
$39.52
GF Value