Atlas Honda (KAR:ATLH) Cyclically Adjusted PB Ratio: 7.86 (As of Aug. 08, 2026) — 106% Above Median

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Director of Data and Quant Analytics at GuruFocus
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KAR:ATLH Atlas Honda Ltd KAR:ATLH
86 GF Score
Price ₨1,622.86
GF Value ₨1,443.36
Valuation Modestly Overvalued
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What is Atlas Honda Cyclically Adjusted PB Ratio?

Atlas Honda KAR:ATLH -0.17% 86 Cyclically Adjusted PB Ratio is 7.86 as of Aug. 08, 2026, which is 106% above its 10-year median of 3.82. GuruFocus rates KAR:ATLH with a GF Score™ of 86/100 and a GF Value™ of ₨1,443.36 (Modestly Overvalued). Among 1,010 Vehicles & Parts companies, Atlas Honda ranks worse than 94.26% on this metric.

As of today (2026-08-08), Atlas Honda's current share price is ₨1622.86. Atlas Honda's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₨206.41. Atlas Honda's Cyclically Adjusted PB Ratio for today is 7.86.

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

KAR:ATLH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.88   Med: 3.82   Max: 10.06
Current: 7.94

During the past years, Atlas Honda's highest Cyclically Adjusted PB Ratio was 10.06. The lowest was 1.88. And the median was 3.82.

KAR:ATLH's Cyclically Adjusted PB Ratio is ranked worse than
94.26% of 1010 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs KAR:ATLH: 7.94

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.

Atlas Honda's adjusted book value per share data for the three months ended in Jun. 2026 was ₨367.332. 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 ₨206.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atlas Honda  (KAR:ATLH) 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.


Atlas Honda Cyclically Adjusted PB Ratio Related Terms


Atlas Honda Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Atlas Honda'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.

Atlas Honda Cyclically Adjusted PB Ratio Chart

Atlas Honda 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 3.32 2.01 2.63 5.56 7.75

Atlas Honda 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 5.85 7.33 7.89 7.75 8.28

KAR:ATLH vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Atlas Honda'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.


Atlas Honda Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


KAR:ATLH
86GF Score
Atlas Honda Ltd KAR:ATLH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atlas Honda 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.

Atlas Honda's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1622.86/206.41
=7.86

* 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.

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

For example, Atlas Honda'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)
=367.332/333.9520*333.9520
=367.332

Current CPI (Jun. 2026) = 333.9520.

Atlas Honda Quarterly Data

Book Value per Share CPI Adj_Book
201609 90.367 241.428 124.999
201612 98.431 241.432 136.151
201703 106.840 243.801 146.347
201706 100.289 244.955 136.726
201709 109.490 246.819 148.143
201712 118.923 246.524 161.098
201803 128.947 249.554 172.556
201806 116.073 251.989 153.827
201809 122.092 252.439 161.516
201812 118.372 251.233 157.346
201903 123.830 254.202 162.679
201906 122.283 256.143 159.429
201909 126.880 256.759 165.026
201912 127.070 256.974 165.135
202003 133.618 258.115 172.876
202006 124.169 257.797 160.849
202009 132.253 260.280 169.687
202012 138.635 260.474 177.743
202103 150.140 264.877 189.294
202106 147.387 271.696 181.159
202109 156.682 274.310 190.749
202112 156.480 278.802 187.433
202203 169.457 287.504 196.834
202206 166.566 296.311 187.725
202209 172.828 296.808 194.457
202212 173.181 296.797 194.861
202303 183.579 301.836 203.112
202306 183.492 305.109 200.838
202309 199.262 307.789 216.200
202312 202.583 306.746 220.551
202403 231.832 312.332 247.880
202406 229.855 314.175 244.324
202409 255.188 315.301 270.283
202412 255.669 315.605 270.532
202503 293.038 319.799 306.007
202506 289.779 322.561 300.012
202509 328.546 324.800 337.804
202512 327.966 324.054 337.983
202603 374.848 330.213 379.092
202606 367.332 333.952 367.332

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 7.86 mean?
Atlas Honda (KAR:ATLH) has a Cyclically Adjusted PB Ratio of 7.86 as of Aug. 08, 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 Atlas Honda and its competitors. This is 106% above median its historical median of 3.82. Over the past decade, Atlas Honda's Cyclically Adjusted PB Ratio has ranged from 1.88 to 10.06. According to the industry distribution chart, Atlas Honda ranks #952 out of 1010 companies in the Vehicles & Parts industry, placing it in the top 94.3%.
Is Atlas Honda's Cyclically Adjusted PB Ratio too high?
Atlas Honda's current Cyclically Adjusted PB Ratio of 7.86 is 106% above median its 10-year median of 3.82. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 10.06. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. Atlas Honda's value of 7.86 is 523.8% above this industry median. Based on the distribution chart, Atlas Honda ranks #952 out of 1010 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Atlas Honda has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atlas Honda's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Atlas Honda ranks #952 out of 1010 companies for Cyclically Adjusted PB Ratio. This places Atlas Honda in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Atlas Honda's value of 7.86 is 523.8% above this benchmark. Historically, Atlas Honda's own Cyclically Adjusted PB Ratio has ranged from 1.88 to 10.06 over the past decade. While the company's 10-year median is 3.82 vs. the industry median of 1.26, Atlas Honda has consistently been above 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 1.26, based on 1,010 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. Atlas Honda's current Cyclically Adjusted PB Ratio of 7.86 is 523.8% above 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 Atlas Honda and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlas Honda's current Cyclically Adjusted PB Ratio is 7.86, which is 106% above median its own 10-year median of 3.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Honda stock overvalued right now?
Based on GuruFocus' analysis, Atlas Honda (KAR:ATLH) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨1,443.36, compared to a current price of ₨1,622.86 — trading 12.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.86, which is 106% above median its 10-year median of 3.82 and 523.8% above the Vehicles & Parts industry median of 1.26. Atlas Honda's overall GF Score™ is 86/100. 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 Atlas Honda (KAR:ATLH), the current Cyclically Adjusted PB Ratio is 7.86 as of Aug. 08, 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 Atlas Honda (KAR:ATLH) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Honda stock appears to be overvalued. The current stock price of ₨1,622.86 is trading 12.4% above its estimated GF Value™ of ₨1,443.36. GuruFocus considers Atlas Honda to be Modestly Overvalued.

Key valuation signals for KAR:ATLH:

  • Cyclically Adjusted PB Ratio: 7.86 (106% above median its 10-year median of 3.82)
  • GF Value™: ₨1,443.36 vs. price of ₨1,622.86 (12.4% above fair value)
  • GF Score™: 86/100
  • Industry Position: 523.8% above the Vehicles & Parts median (#952 of 1010)

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


Atlas Honda Business Description

Address 1 Mcleod Road, Lahore, PB, PAK, 54000
Atlas Honda Ltd is principally engaged in progressive manufacturing and marketing of motorcycles and spare parts. The company is Pakistan's main motorcycle manufacturer, committed to delivering reliable and high-quality products and affordable mobility solutions. The Company is engaged in the manufacturing and marketing of motorcycles, spare parts and engine oil in Pakistan. The product portfolio covers a comprehensive range of engine and performance parts, braking and suspension components, body and frame accessories, lubricants, tyres, batteries, and rider accessories designed to support optimum motorcycle performance, durability, safety, and riding comfort. The company has operating in Single segment.
86GF Score

Get the complete analysis for KAR:ATLH

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

₨1,622.86
Price
₨1,443.36
GF Value