MZDAF (Mazda Motor) Cyclically Adjusted PB Ratio: 0.49 (As of Jul. 16, 2026) — 27% Below Median

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MZDAF Mazda Motor Corp MZDAF
84 GF Score
Price $6.99
GF Value $7.40
Valuation Fairly Valued
! 7 Warning Signs
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What is Mazda Motor Cyclically Adjusted PB Ratio?

Mazda Motor MZDAF 84 Cyclically Adjusted PB Ratio is 0.49 as of Jul. 16, 2026, which is 27% below its 10-year median of 0.67. GuruFocus rates MZDAF with a GF Score™ of 84/100 and a GF Value™ of $7.40 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,037 Vehicles & Parts companies, Mazda Motor ranks better than 81.1% on this metric.

As of today (2026-07-16), Mazda Motor's current share price is $6.99. Mazda Motor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $14.17. Mazda Motor's Cyclically Adjusted PB Ratio for today is 0.49.

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

MZDAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.67   Max: 1.63
Current: 0.48

During the past years, Mazda Motor's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.35. And the median was 0.67.

MZDAF's Cyclically Adjusted PB Ratio is ranked better than
81.1% of 1037 companies
in the Vehicles & Parts industry
Industry Median: 1.31 vs MZDAF: 0.48

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.

Mazda Motor's adjusted book value per share data for the three months ended in Mar. 2026 was $19.041. 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 $14.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mazda Motor  (OTCPK:MZDAF) 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.


Mazda Motor Cyclically Adjusted PB Ratio Related Terms


Mazda Motor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mazda Motor'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.

Mazda Motor Cyclically Adjusted PB Ratio Chart

Mazda Motor 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 0.56 0.68 0.88 0.43 0.44

Mazda Motor 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 0.43 0.39 0.48 0.53 0.44

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

For the Auto Manufacturers subindustry, Mazda Motor'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.


Mazda Motor Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


MZDAF
84GF Score
Mazda Motor Corp MZDAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mazda Motor 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.99/14.17
=0.49

* 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.

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

For example, Mazda Motor'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)
=19.041/112.7000*112.7000
=19.041

Current CPI (Mar. 2026) = 112.7000.

Mazda Motor Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.164 98.100 17.421
201609 16.088 98.000 18.501
201612 14.547 98.400 16.661
201703 15.399 98.100 17.691
201706 16.021 98.500 18.331
201709 16.563 98.800 18.893
201712 16.504 99.400 18.712
201803 17.866 99.200 20.297
201806 17.303 99.200 19.658
201809 17.068 99.900 19.255
201812 16.985 99.700 19.200
201903 17.194 99.700 19.436
201906 17.588 99.800 19.861
201909 17.809 100.100 20.051
201912 17.769 100.500 19.926
202003 17.332 100.300 19.475
202006 16.224 99.900 18.303
202009 16.027 99.900 18.081
202012 16.645 99.300 18.891
202103 17.268 99.900 19.481
202106 17.216 99.500 19.500
202109 17.361 100.100 19.546
202112 17.002 100.100 19.142
202203 17.427 101.100 19.427
202206 15.872 101.800 17.571
202209 15.663 103.100 17.121
202212 16.374 104.100 17.727
202303 17.102 104.400 18.462
202306 16.815 105.200 18.014
202309 17.072 106.200 18.117
202312 17.887 106.800 18.875
202403 18.412 107.200 19.357
202406 17.959 108.200 18.706
202409 19.002 108.900 19.665
202412 18.504 110.700 18.838
202503 19.079 111.100 19.354
202506 18.893 111.700 19.062
202509 18.669 112.000 18.786
202512 18.431 113.000 18.382
202603 19.041 112.700 19.041

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 0.49 mean?
Mazda Motor (MZDAF) has a Cyclically Adjusted PB Ratio of 0.49 as of Jul. 16, 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 Mazda Motor and its competitors. This is 27% below median its historical median of 0.67. Over the past decade, Mazda Motor's Cyclically Adjusted PB Ratio has ranged from 0.35 to 1.63. According to the industry distribution chart, Mazda Motor ranks #196 out of 1037 companies in the Vehicles & Parts industry, placing it in the top 18.9%.
Is Mazda Motor's Cyclically Adjusted PB Ratio too high?
Mazda Motor's current Cyclically Adjusted PB Ratio of 0.49 is 27% below median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.63. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.31. Mazda Motor's value of 0.49 is 62.6% below this industry median. Based on the distribution chart, Mazda Motor ranks #196 out of 1037 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Mazda Motor has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mazda Motor's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Mazda Motor ranks #196 out of 1037 companies for Cyclically Adjusted PB Ratio. This places Mazda Motor in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.31. Mazda Motor's value of 0.49 is 62.6% below this benchmark. Historically, Mazda Motor's own Cyclically Adjusted PB Ratio has ranged from 0.35 to 1.63 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 1.31, Mazda Motor 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 1.31, based on 1,037 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. Mazda Motor's current Cyclically Adjusted PB Ratio of 0.49 is 62.6% 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 Mazda Motor and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazda Motor's current Cyclically Adjusted PB Ratio is 0.49, which is 27% below median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazda Motor stock overvalued right now?
Based on GuruFocus' analysis, Mazda Motor (MZDAF) is currently considered Fairly Valued. The stock's GF Value™ is $7.40, compared to a current price of $6.99 — trading 5.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.49, which is 27% below median its 10-year median of 0.67 and 62.6% below the Vehicles & Parts industry median of 1.31. Mazda Motor's overall GF Score™ is 84/100 with 7 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 Mazda Motor (MZDAF), the current Cyclically Adjusted PB Ratio is 0.49 as of Jul. 16, 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 Mazda Motor (MZDAF) Overvalued in 2026?

Based on GuruFocus' analysis, Mazda Motor stock appears to be undervalued. The current stock price of $6.99 is trading 5.5% below its estimated GF Value™ of $7.40. GuruFocus considers Mazda Motor to be Fairly Valued.

Key valuation signals for MZDAF:

  • Cyclically Adjusted PB Ratio: 0.49 (27% below median its 10-year median of 0.67)
  • GF Value™: $7.40 vs. price of $6.99 (5.5% below fair value)
  • GF Score™: 84/100 with 7 warning signs
  • Industry Position: 62.6% below the Vehicles & Parts median (#196 of 1037)

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


Mazda Motor Business Description

Address 3-1 Shinchi, Fuchu-cho, Aki-gun, Hiroshima, JPN, 730-8670
Mazda Motor Corp is a Japanese automobile manufacturer. The company mainly manufactures passenger cars and commercial vehicles. It also manufactures diesel and petroleum gasoline engines, along with manual and automatic transmissions for vehicles. The vast majority of the companys production is manufactured locally. The company segments itself across four geographic areas: Japan, North America, Europe, and other markets.
84GF Score

Get the complete analysis for MZDAF

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

$6.99
Price
$7.40
GF Value