Mazda Motor (FRA:MZA) Cyclically Adjusted PB Ratio: 0.50 (As of Aug. 09, 2026) — 25% Below Median

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FRA:MZA Mazda Motor Corp FRA:MZA
84 GF Score
Price €6.43
GF Value €6.77
Valuation Fairly Valued
! 7 Warning Signs
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What is Mazda Motor Cyclically Adjusted PB Ratio?

Mazda Motor FRA:MZA +2.98% 84 Cyclically Adjusted PB Ratio is 0.50 as of Aug. 09, 2026, which is 25% below its 10-year median of 0.67. GuruFocus rates FRA:MZA with a GF Score™ of 84/100 and a GF Value™ of €6.77 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,009 Vehicles & Parts companies, Mazda Motor ranks better than 79.19% on this metric.

As of today (2026-08-09), Mazda Motor's current share price is €6.425. Mazda Motor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €12.80. Mazda Motor's Cyclically Adjusted PB Ratio for today is 0.50.

The historical rank and industry rank for Mazda Motor's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:MZA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.67   Max: 1.63
Current: 0.5

During the past years, Mazda Motor's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.35. And the median was 0.67.

FRA:MZA's Cyclically Adjusted PB Ratio is ranked better than
79.19% of 1009 companies
in the Vehicles & Parts industry
Industry Median: 1.28 vs FRA:MZA: 0.50

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.

Mazda Motor's adjusted book value per share data for the three months ended in Mar. 2026 was €16.471. 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 €12.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mazda Motor  (FRA:MZA) 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.


Mazda Motor Cyclically Adjusted PB Ratio Related Terms


Mazda Motor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mazda Motor'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.

Mazda Motor Cyclically Adjusted PB Ratio Chart

Mazda Motor 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 0.56 0.68 0.88 0.43 0.44

Mazda Motor 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 0.43 0.39 0.48 0.53 0.44

FRA:MZA vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Mazda Motor'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.


Mazda Motor Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


FRA:MZA
84GF Score
Mazda Motor Corp FRA:MZA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mazda Motor 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.

Mazda Motor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.425/12.80
=0.50

* 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.

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

For example, Mazda Motor'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)
=16.471/112.7000*112.7000
=16.471

Current CPI (Mar. 2026) = 112.7000.

Mazda Motor Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.496 98.100 15.505
201609 14.334 98.000 16.484
201612 13.790 98.400 15.794
201703 14.398 98.100 16.541
201706 14.259 98.500 16.315
201709 13.897 98.800 15.852
201712 13.946 99.400 15.812
201803 14.489 99.200 16.461
201806 14.811 99.200 16.827
201809 14.627 99.900 16.501
201812 14.930 99.700 16.877
201903 15.217 99.700 17.201
201906 15.565 99.800 17.577
201909 16.170 100.100 18.205
201912 15.992 100.500 17.933
202003 15.685 100.300 17.624
202006 14.407 99.900 16.253
202009 13.607 99.900 15.350
202012 13.682 99.300 15.528
202103 14.505 99.900 16.363
202106 14.289 99.500 16.185
202109 14.757 100.100 16.615
202112 15.047 100.100 16.941
202203 15.824 101.100 17.640
202206 15.014 101.800 16.622
202209 15.820 103.100 17.293
202212 15.457 104.100 16.734
202303 15.974 104.400 17.244
202306 15.521 105.200 16.628
202309 15.996 106.200 16.975
202312 16.402 106.800 17.308
202403 16.939 107.200 17.808
202406 16.684 108.200 17.378
202409 17.121 108.900 17.718
202412 17.672 110.700 17.991
202503 17.649 111.100 17.903
202506 16.381 111.700 16.528
202509 15.906 112.000 16.005
202512 15.740 113.000 15.698
202603 16.471 112.700 16.471

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 0.50 mean?
Mazda Motor (FRA:MZA) has a Cyclically Adjusted PB Ratio of 0.50 as of Aug. 09, 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 Mazda Motor and its competitors. This is 25% below median its historical median of 0.67. Over the past decade, Mazda Motor's Cyclically Adjusted PB Ratio has ranged from 0.35 to 1.63. According to the industry distribution chart, Mazda Motor ranks #210 out of 1009 companies in the Vehicles & Parts industry, placing it in the top 20.8%.
Is Mazda Motor's Cyclically Adjusted PB Ratio too high?
Mazda Motor's current Cyclically Adjusted PB Ratio of 0.50 is 25% below median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.63. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.28. Mazda Motor's value of 0.50 is 60.9% below this industry median. Based on the distribution chart, Mazda Motor ranks #210 out of 1009 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Mazda Motor has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mazda Motor's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Mazda Motor ranks #210 out of 1009 companies for Cyclically Adjusted PB Ratio. This places Mazda Motor in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.28. Mazda Motor's value of 0.50 is 60.9% below this benchmark. Historically, Mazda Motor's own Cyclically Adjusted PB Ratio has ranged from 0.35 to 1.63 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 1.28, Mazda Motor 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 1.28, based on 1,009 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. Mazda Motor's current Cyclically Adjusted PB Ratio of 0.50 is 60.9% 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 Mazda Motor and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazda Motor's current Cyclically Adjusted PB Ratio is 0.50, which is 25% below median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazda Motor stock overvalued right now?
Based on GuruFocus' analysis, Mazda Motor (FRA:MZA) is currently considered Fairly Valued. The stock's GF Value™ is €6.77, compared to a current price of €6.43 — trading 5.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50, which is 25% below median its 10-year median of 0.67 and 60.9% below the Vehicles & Parts industry median of 1.28. Mazda Motor's overall GF Score™ is 84/100 with 7 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 Mazda Motor (FRA:MZA), the current Cyclically Adjusted PB Ratio is 0.50 as of Aug. 09, 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 Mazda Motor (FRA:MZA) Overvalued in 2026?

Based on GuruFocus' analysis, Mazda Motor stock appears to be undervalued. The current stock price of €6.43 is trading 5.1% below its estimated GF Value™ of €6.77. GuruFocus considers Mazda Motor to be Fairly Valued.

Key valuation signals for FRA:MZA:

  • Cyclically Adjusted PB Ratio: 0.50 (25% below median its 10-year median of 0.67)
  • GF Value™: €6.77 vs. price of €6.43 (5.1% below fair value)
  • GF Score™: 84/100 with 7 warning signs
  • Industry Position: 60.9% below the Vehicles & Parts median (#210 of 1009)

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


Mazda Motor Business Description

Address 3-1 Shinchi, Fuchu-cho, Aki-gun, Hiroshima, JPN, 730-8670
Mazda Motor Corp is a Japanese automobile manufacturer. The company mainly manufactures passenger cars and commercial vehicles. It also manufactures diesel and petroleum gasoline engines, along with manual and automatic transmissions for vehicles. The vast majority of the companys production is manufactured locally. The company segments itself across four geographic areas: Japan, North America, Europe, and other markets.
84GF Score

Get the complete analysis for FRA:MZA

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

€6.43
Price
€6.77
GF Value