Honda Atlas Cars Pakistan (KAR:HCAR) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.
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
57 GF Score
Price ₨222.54
GF Value ₨497.75
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Honda Atlas Cars Pakistan Cyclically Adjusted PB Ratio?

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 2.22 1.07 1.75 2.04 0.97

Honda Atlas Cars Pakistan 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 2.00 2.06 1.91 1.02 1.57

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
57GF 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Honda Atlas Cars Pakistan'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)
=186.544/333.9520*333.9520
=186.544

Current CPI (Jun. 2026) = 333.9520.

Honda Atlas Cars Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201609 66.282 241.428 91.684
201612 76.731 241.432 106.135
201703 91.491 243.801 125.322
201706 93.100 244.955 126.925
201709 100.249 246.819 135.639
201712 110.170 246.524 149.241
201803 119.562 249.554 159.997
201806 104.169 251.989 138.051
201809 111.384 252.439 147.350
201812 115.596 251.233 153.656
201903 123.436 254.202 162.161
201906 112.979 256.143 147.299
201909 116.548 256.759 151.587
201912 116.259 256.974 151.085
202003 115.947 258.115 150.013
202006 112.369 257.797 145.564
202009 260.280 0.000
202012 121.233 260.474 155.432
202103 127.424 264.877 160.654
202106 129.404 271.696 159.055
202109 135.981 274.310 165.547
202112 139.104 278.802 166.620
202203 139.781 287.504 162.363
202206 137.390 296.311 154.843
202209 134.692 296.808 151.548
202212 140.370 296.797 157.942
202303 134.904 301.836 149.258
202306 135.919 305.109 148.768
202309 140.649 307.789 152.605
202312 141.652 306.746 154.215
202403 151.646 312.332 162.143
202406 146.565 314.175 155.791
202409 148.370 315.301 157.147
202412 152.336 315.605 161.192
202503 164.140 319.799 171.404
202506 161.941 322.561 167.660
202509 167.138 324.800 171.848
202512 171.728 324.054 176.973
202603 178.138 330.213 180.155
202606 186.544 333.952 186.544

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 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 ₨222.54 is trading 55.3% below its estimated GF Value™ of ₨497.75. GuruFocus considers Honda Atlas Cars Pakistan to be Significantly Undervalued.

Key valuation signals for KAR:HCAR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₨497.75 vs. price of ₨222.54 (55.3% below fair value)
  • GF Score™: 57/100 with 1 warning sign

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.
57GF 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.

₨222.54
Price
₨497.75
GF Value