Honda Atlas Cars Pakistan (KAR:HCAR) Cyclically Adjusted PB Ratio: 1.68 (As of Jul. 28, 2026) — 15% 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.

KAR:HCAR Honda Atlas Cars Pakistan Ltd KAR:HCAR
59 GF Score
Price ₨249.35
GF Value ₨467.68
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Honda Atlas Cars Pakistan Cyclically Adjusted PB Ratio?

Honda Atlas Cars Pakistan KAR:HCAR +10.00% 59 Cyclically Adjusted PB Ratio is 1.68 as of Jul. 28, 2026, which is 15% below its 10-year median of 1.98. GuruFocus rates KAR:HCAR with a GF Score™ of 59/100 and a GF Value™ of ₨467.68 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,027 Vehicles & Parts companies, Honda Atlas Cars Pakistan ranks worse than 55.21% on this metric.

As of today (2026-07-28), Honda Atlas Cars Pakistan's current share price is ₨249.35. Honda Atlas Cars Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨148.84. Honda Atlas Cars Pakistan's Cyclically Adjusted PB Ratio for today is 1.68.

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

KAR:HCAR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.98   Max: 3.26
Current: 1.52

During the past years, Honda Atlas Cars Pakistan's highest Cyclically Adjusted PB Ratio was 3.26. The lowest was 0.79. And the median was 1.98.

KAR:HCAR's Cyclically Adjusted PB Ratio is ranked worse than
55.21% of 1027 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs KAR:HCAR: 1.52

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.

Honda Atlas Cars Pakistan's adjusted book value per share data for the three months ended in Mar. 2026 was ₨178.138. 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 ₨148.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Honda Atlas Cars Pakistan  (KAR:HCAR) 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 Atlas Cars Pakistan Cyclically Adjusted PB Ratio Related Terms


Honda Atlas Cars Pakistan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Honda Atlas Cars Pakistan'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 Atlas Cars Pakistan Cyclically Adjusted PB Ratio Chart

Honda Atlas Cars Pakistan 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 2.26 1.12 1.88 2.16 1.02

Honda Atlas Cars Pakistan 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 2.16 2.00 2.06 1.91 1.02

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

For the Auto Manufacturers subindustry, Honda Atlas Cars Pakistan'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 Atlas Cars Pakistan Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


KAR:HCAR
59GF Score
Honda Atlas Cars Pakistan Ltd KAR:HCAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=249.35/148.84
=1.68

* 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 Atlas Cars Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Honda Atlas Cars Pakistan'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)
=178.138/330.2130*330.2130
=178.138

Current CPI (Mar. 2026) = 330.2130.

Honda Atlas Cars Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201606 62.967 241.018 86.270
201609 66.282 241.428 90.657
201612 76.731 241.432 104.947
201703 91.491 243.801 123.919
201706 93.100 244.955 125.504
201709 100.249 246.819 134.121
201712 110.170 246.524 147.570
201803 119.562 249.554 158.206
201806 104.169 251.989 136.506
201809 111.384 252.439 145.700
201812 115.596 251.233 151.936
201903 123.436 254.202 160.346
201906 112.979 256.143 145.650
201909 116.548 256.759 149.890
201912 116.259 256.974 149.393
202003 115.947 258.115 148.334
202006 112.369 257.797 143.934
202009 115.969 260.280 147.128
202012 121.233 260.474 153.692
202103 127.424 264.877 158.855
202106 129.404 271.696 157.275
202109 135.981 274.310 163.693
202112 139.104 278.802 164.755
202203 139.781 287.504 160.546
202206 137.390 296.311 153.109
202209 134.692 296.808 149.851
202212 140.370 296.797 156.174
202303 134.904 301.836 147.587
202306 135.919 305.109 147.102
202309 140.649 307.789 150.896
202312 141.652 306.746 152.489
202403 151.646 312.332 160.328
202406 146.565 314.175 154.047
202409 148.370 315.301 155.387
202412 152.336 315.605 159.387
202503 164.140 319.799 169.485
202506 161.941 322.561 165.783
202509 167.138 324.800 169.923
202512 171.728 324.054 174.992
202603 178.138 330.213 178.138

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 1.68 mean?
Honda Atlas Cars Pakistan (KAR:HCAR) has a Cyclically Adjusted PB Ratio of 1.68 as of Jul. 28, 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 Honda Atlas Cars Pakistan and its competitors. This is 15% below median its historical median of 1.98. Over the past decade, Honda Atlas Cars Pakistan's Cyclically Adjusted PB Ratio has ranged from 0.79 to 3.26. According to the industry distribution chart, Honda Atlas Cars Pakistan ranks #567 out of 1027 companies in the Vehicles & Parts industry, placing it in the top 55.2%.
Is Honda Atlas Cars Pakistan's Cyclically Adjusted PB Ratio too high?
Honda Atlas Cars Pakistan's current Cyclically Adjusted PB Ratio of 1.68 is 15% below median its 10-year median of 1.98. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 3.26. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. Honda Atlas Cars Pakistan's value of 1.68 is 33.3% above this industry median. Based on the distribution chart, Honda Atlas Cars Pakistan ranks #567 out of 1027 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Honda Atlas Cars Pakistan has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honda Atlas Cars Pakistan's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Honda Atlas Cars Pakistan ranks #567 out of 1027 companies for Cyclically Adjusted PB Ratio. This places Honda Atlas Cars Pakistan in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Honda Atlas Cars Pakistan's value of 1.68 is 33.3% above this benchmark. Historically, Honda Atlas Cars Pakistan's own Cyclically Adjusted PB Ratio has ranged from 0.79 to 3.26 over the past decade. While the company's 10-year median is 1.98 vs. the industry median of 1.26, Honda Atlas Cars Pakistan 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 1,027 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. Honda Atlas Cars Pakistan's current Cyclically Adjusted PB Ratio of 1.68 is 33.3% 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 Honda Atlas Cars Pakistan 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. Honda Atlas Cars Pakistan's current Cyclically Adjusted PB Ratio is 1.68, which is 15% below median its own 10-year median of 1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda Atlas Cars Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Honda Atlas Cars Pakistan (KAR:HCAR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₨467.68, compared to a current price of ₨249.35 — trading 46.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.68, which is 15% below median its 10-year median of 1.98 and 33.3% above the Vehicles & Parts industry median of 1.26. Honda Atlas Cars Pakistan's overall GF Score™ is 59/100 with 2 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 Honda Atlas Cars Pakistan (KAR:HCAR), the current Cyclically Adjusted PB Ratio is 1.68 as of Jul. 28, 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 Honda Atlas Cars Pakistan (KAR:HCAR) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Atlas Cars Pakistan stock appears to be undervalued. The current stock price of ₨249.35 is trading 46.7% below its estimated GF Value™ of ₨467.68. GuruFocus considers Honda Atlas Cars Pakistan to be Significantly Undervalued.

Key valuation signals for KAR:HCAR:

  • Cyclically Adjusted PB Ratio: 1.68 (15% below median its 10-year median of 1.98)
  • GF Value™: ₨467.68 vs. price of ₨249.35 (46.7% below fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 33.3% above the Vehicles & Parts median (#567 of 1027)

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


Honda Atlas Cars Pakistan Business Description

Address 1-Mcleod Road, Lahore, PB, PAK
Honda Atlas Cars Pakistan Ltd is engaged in assembling and progressive manufacturing and sale of Honda vehicles and spare parts. Its segments include the Manufacturing and Trading segment. The manufacturing segment relates to the sale of locally manufactured cars and parts, and the Trading segment relates to the trading of completely built units (CBUs) and parts. It offers car models, such as the Honda Accord, Honda CR-V, Honda CR-Z, Honda HR-V, and Honda City in various colors with technology features. Honda derives the majority of its revenue from the Manufacturing segment. Geographically, it operates in Pakistan, Thailand, and Japan.
59GF Score

Get the complete analysis for KAR:HCAR

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

₨249.35
Price
₨467.68
GF Value