Nissan Motor Co (HAM:NISA) Cyclically Adjusted PB Ratio: 0.23 (As of Jul. 24, 2026) — 53% Below Median

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.

HAM:NISA Nissan Motor Co Ltd HAM:NISA
68 GF Score
Price €1.72
GF Value €2.30
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Nissan Motor Co Cyclically Adjusted PB Ratio?

Nissan Motor Co HAM:NISA -3.10% 68 Cyclically Adjusted PB Ratio is 0.23 as of Jul. 24, 2026, which is 53% below its 10-year median of 0.49. GuruFocus rates HAM:NISA with a GF Score™ of 68/100 and a GF Value™ of €2.30 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,030 Vehicles & Parts companies, Nissan Motor Co ranks better than 93.98% on this metric.

As of today (2026-07-24), Nissan Motor Co's current share price is €1.7238. Nissan Motor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €7.66. Nissan Motor Co's Cyclically Adjusted PB Ratio for today is 0.23.

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

HAM:NISA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.49   Max: 1.37
Current: 0.23

During the past years, Nissan Motor Co's highest Cyclically Adjusted PB Ratio was 1.37. The lowest was 0.21. And the median was 0.49.

HAM:NISA's Cyclically Adjusted PB Ratio is ranked better than
93.98% of 1030 companies
in the Vehicles & Parts industry
Industry Median: 1.27 vs HAM:NISA: 0.23

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.

Nissan Motor Co's adjusted book value per share data for the three months ended in Mar. 2026 was €7.482. 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 €7.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nissan Motor Co  (HAM:NISA) 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.


Nissan Motor Co Cyclically Adjusted PB Ratio Related Terms


Nissan Motor Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nissan Motor Co'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.

Nissan Motor Co Cyclically Adjusted PB Ratio Chart

Nissan Motor Co 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 0.48 0.41 0.47 0.27 0.24

Nissan Motor Co 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 0.27 0.25 0.26 0.28 0.24

HAM:NISA vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Nissan Motor Co'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.


Nissan Motor Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


HAM:NISA
68GF Score
Nissan Motor Co Ltd HAM:NISA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nissan Motor Co 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.7238/7.66
=0.23

* 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.

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

For example, Nissan Motor Co'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)
=7.482/112.7000*112.7000
=7.482

Current CPI (Mar. 2026) = 112.7000.

Nissan Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.120 98.100 10.477
201609 9.349 98.000 10.751
201612 9.399 98.400 10.765
201703 10.293 98.100 11.825
201706 10.026 98.500 11.471
201709 9.850 98.800 11.236
201712 10.160 99.400 11.519
201803 10.557 99.200 11.994
201806 10.548 99.200 11.983
201809 10.709 99.900 12.081
201812 10.695 99.700 12.090
201903 10.791 99.700 12.198
201906 10.738 99.800 12.126
201909 10.995 100.100 12.379
201912 10.650 100.500 11.943
202003 8.733 100.300 9.813
202006 7.821 99.900 8.823
202009 7.486 99.900 8.445
202012 7.437 99.300 8.441
202103 7.788 99.900 8.786
202106 7.877 99.500 8.922
202109 8.201 100.100 9.233
202112 8.484 100.100 9.552
202203 8.961 101.100 9.989
202206 8.837 101.800 9.783
202209 9.199 103.100 10.056
202212 9.066 104.100 9.815
202303 9.160 104.400 9.888
202306 9.155 105.200 9.808
202309 9.404 106.200 9.980
202312 9.593 106.800 10.123
202403 9.821 107.200 10.325
202406 9.796 108.200 10.203
202409 9.949 108.900 10.296
202412 10.180 110.700 10.364
202503 8.811 111.100 8.938
202506 8.194 111.700 8.267
202509 7.827 112.000 7.876
202512 7.671 113.000 7.651
202603 7.482 112.700 7.482

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 0.23 mean?
Nissan Motor Co (HAM:NISA) has a Cyclically Adjusted PB Ratio of 0.23 as of Jul. 24, 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 Nissan Motor Co and its competitors. This is 53% below median its historical median of 0.49. Over the past decade, Nissan Motor Co's Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.37. According to the industry distribution chart, Nissan Motor Co ranks #62 out of 1030 companies in the Vehicles & Parts industry, placing it in the top 6%.
Is Nissan Motor Co's Cyclically Adjusted PB Ratio too high?
Nissan Motor Co's current Cyclically Adjusted PB Ratio of 0.23 is 53% below median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.37. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.27. Nissan Motor Co's value of 0.23 is 81.9% below this industry median. Based on the distribution chart, Nissan Motor Co ranks #62 out of 1030 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Nissan Motor Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nissan Motor Co's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Nissan Motor Co ranks #62 out of 1030 companies for Cyclically Adjusted PB Ratio. This places Nissan Motor Co in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. Nissan Motor Co's value of 0.23 is 81.9% below this benchmark. Historically, Nissan Motor Co's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 1.37 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 1.27, Nissan Motor Co 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 1.27, based on 1,030 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. Nissan Motor Co's current Cyclically Adjusted PB Ratio of 0.23 is 81.9% 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 Nissan Motor Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nissan Motor Co's current Cyclically Adjusted PB Ratio is 0.23, which is 53% below median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissan Motor Co stock overvalued right now?
Based on GuruFocus' analysis, Nissan Motor Co (HAM:NISA) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.30, compared to a current price of €1.72 — trading 25.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.23, which is 53% below median its 10-year median of 0.49 and 81.9% below the Vehicles & Parts industry median of 1.27. Nissan Motor Co's overall GF Score™ is 68/100 with 9 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 Nissan Motor Co (HAM:NISA), the current Cyclically Adjusted PB Ratio is 0.23 as of Jul. 24, 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 Nissan Motor Co (HAM:NISA) Overvalued in 2026?

Based on GuruFocus' analysis, Nissan Motor Co stock appears to be undervalued. The current stock price of €1.72 is trading 25.1% below its estimated GF Value™ of €2.30. GuruFocus considers Nissan Motor Co to be Modestly Undervalued.

Key valuation signals for HAM:NISA:

  • Cyclically Adjusted PB Ratio: 0.23 (53% below median its 10-year median of 0.49)
  • GF Value™: €2.30 vs. price of €1.72 (25.1% below fair value)
  • GF Score™: 68/100 with 9 warning signs
  • Industry Position: 81.9% below the Vehicles & Parts median (#62 of 1030)

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


Nissan Motor Co Business Description

Address 1-1, Takashima 1-chome, Nishi-ku, Yokohama-shi, Kanagawa, JPN, 220-8686
While Nissan sold 3.2 million vehicles last fiscal year, total calendar 2025 Renault-Nissan-Mitsubishi alliance sales volume of 6.5 million vehicles makes the group the fourth-largest vehicle seller in the world, behind Toyota at 11.3 million, Volkswagen at 9.0 million, and Hyundai/Kia with 7.3 million vehicles sold. Nissan's financial services subsidiary provides consumers with auto loans and leases but also finances Nissan's sales to its dealerships (known as floor-plan financing). Under a new alliance agreement, Nissan and Renault will have cross-shareholding capped at 15% voting rights for each company. Renault holds the remaining stake in Nissan through a French trust where the voting rights of such shares are "neutralized" for "most decisions" but retain the economic benefit.
68GF Score

Get the complete analysis for HAM:NISA

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

€1.72
Price
€2.30
GF Value