HMC (Honda Motor Co) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.
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Charlie Tian
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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.

HMC Honda Motor Co Ltd HMC
71 GF Score
Price $31.82
GF Value $33.42
Valuation Fairly Valued
! 7 Warning Signs
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What is Honda Motor Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Honda Motor Co  (NYSE:HMC) 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.


Honda Motor Co Cyclically Adjusted PB Ratio Related Terms


Honda Motor Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Honda 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.

Honda Motor Co Cyclically Adjusted PB Ratio Chart

Honda 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 0.82 0.73 1.07 0.68 0.58

Honda Motor Co 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 0.69 0.74 0.72 0.58 0.67

HMC vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Honda 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.


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

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

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


HMC
71GF Score
Honda Motor Co Ltd HMC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Honda 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.

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

For example, Honda Motor Co'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)
=54.892/113.6000*113.6000
=54.892

Current CPI (Jun. 2026) = 113.6000.

Honda Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 35.785 98.000 41.481
201612 34.936 98.400 40.333
201703 35.848 98.100 41.512
201706 37.378 98.500 43.108
201709 38.535 98.800 44.307
201712 40.585 99.400 46.383
201803 42.070 99.200 48.177
201806 41.660 99.200 47.707
201809 42.383 99.900 48.195
201812 41.957 99.700 47.807
201903 42.276 99.700 48.170
201906 43.371 99.800 49.368
201909 44.080 100.100 50.025
201912 44.377 100.500 50.161
202003 43.100 100.300 48.815
202006 42.446 99.900 48.267
202009 44.113 99.900 50.163
202012 46.349 99.300 53.024
202103 48.391 99.900 55.027
202106 49.047 99.500 55.997
202109 50.034 100.100 56.782
202112 50.148 100.100 56.911
202203 51.631 101.100 58.015
202206 48.885 101.800 54.551
202209 47.560 103.100 52.404
202212 48.834 104.100 53.291
202303 50.275 104.400 54.705
202306 51.430 105.200 55.537
202309 51.281 106.200 54.854
202312 51.793 106.800 55.091
202403 52.651 107.200 55.794
202406 52.851 108.200 55.489
202409 55.535 108.900 57.932
202412 54.939 110.700 56.378
202503 57.078 111.100 58.362
202506 59.956 111.700 60.976
202509 62.327 112.000 63.217
202512 61.619 113.000 61.946
202603 57.396 112.700 57.854
202606 54.892 113.600 54.892

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 Honda Motor Co (HMC) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Motor Co stock appears to be undervalued. The current stock price of $31.82 is trading 4.8% below its estimated GF Value™ of $33.42. GuruFocus considers Honda Motor Co to be Fairly Valued.

Key valuation signals for HMC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $33.42 vs. price of $31.82 (4.8% below fair value)
  • GF Score™: 71/100 with 7 warning signs

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


Honda Motor Co Business Description

Address Toranomon 2-chome, No.2-3, Minato-ku, Tokyo, JPN, 105-8404
Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 3.4 million light vehicles and 22.1 million motorcycles in fiscal 2026, and consolidated sales were JPY 21.8 trillion. Automobiles constitute 64% of revenue and motorcycles 18%, with the rest split between power products and financial services. Honda also makes robots and private jets.
71GF Score

Get the complete analysis for HMC

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

$31.82
Price
$33.42
GF Value