Honda Motor Co (NEOE:HNDA) Cyclically Adjusted PB Ratio: 0.78 (As of Sep. 03, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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NEOE:HNDA Honda Motor Co Ltd NEOE:HNDA
64 GF Score
Price C$12.01
GF Value C$13.01
Valuation Fairly Valued
! 6 Warning Signs
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What is Honda Motor Co Cyclically Adjusted PB Ratio?

Honda Motor Co NEOE:HNDA +0.59% 64 Cyclically Adjusted PB Ratio is 0.78 as of Sep. 03, 2026, which is 6% below its 10-year median of 0.83. GuruFocus rates NEOE:HNDA with a GF Score™ of 64/100 and a GF Value™ of C$13.01 (Fairly Valued). The stock has 6 warning signs investors should review. Among 927 Vehicles & Parts companies, Honda Motor Co ranks better than 66.88% on this metric.

As of today (2026-09-03), Honda Motor Co's current share price is C$12.01. Honda Motor Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$15.41. Honda Motor Co's Cyclically Adjusted PB Ratio for today is 0.78.

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

NEOE:HNDA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.83   Max: 1.27
Current: 0.76

During the past years, Honda Motor Co's highest Cyclically Adjusted PB Ratio was 1.27. The lowest was 0.58. And the median was 0.83.

NEOE:HNDA's Cyclically Adjusted PB Ratio is ranked better than
66.88% of 927 companies
in the Vehicles & Parts industry
Industry Median: 1.23 vs NEOE:HNDA: 0.76

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 Motor Co's adjusted book value per share data for the three months ended in Jun. 2026 was C$27.718. 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 C$15.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Honda Motor Co  (NEOE:HNDA) 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

NEOE:HNDA 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.


NEOE:HNDA
64GF Score
Honda Motor Co Ltd NEOE:HNDA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.01/15.41
=0.78

* 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'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)
=27.718/113.6000*113.6000
=27.718

Current CPI (Jun. 2026) = 113.6000.

Honda Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.636 98.000 18.125
201612 15.534 98.400 17.934
201703 15.997 98.100 18.525
201706 16.565 98.500 19.104
201709 15.772 98.800 18.135
201712 17.274 99.400 19.742
201803 18.136 99.200 20.769
201806 18.226 99.200 20.872
201809 18.414 99.900 20.939
201812 18.791 99.700 21.411
201903 18.842 99.700 21.469
201906 19.212 99.800 21.869
201909 19.455 100.100 22.079
201912 19.480 100.500 22.019
202003 20.056 100.300 22.715
202006 19.174 99.900 21.803
202009 19.454 99.900 22.122
202012 19.789 99.300 22.639
202103 20.274 99.900 23.054
202106 19.979 99.500 22.810
202109 21.133 100.100 23.983
202112 21.396 100.100 24.282
202203 21.788 101.100 24.482
202206 20.864 101.800 23.282
202209 21.147 103.100 23.301
202212 22.114 104.100 24.132
202303 22.930 104.400 24.951
202306 22.777 105.200 24.596
202309 23.130 106.200 24.742
202312 23.162 106.800 24.637
202403 23.756 107.200 25.174
202406 24.144 108.200 25.349
202409 25.076 108.900 26.158
202412 26.091 110.700 26.775
202503 27.314 111.100 27.929
202506 27.316 111.700 27.781
202509 28.741 112.000 29.152
202512 28.334 113.000 28.484
202603 26.249 112.700 26.459
202606 27.718 113.600 27.718

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 0.78 mean?
Honda Motor Co (NEOE:HNDA) has a Cyclically Adjusted PB Ratio of 0.78 as of Sep. 03, 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 Motor Co and its competitors. This is near median its historical median of 0.83. Over the past decade, Honda Motor Co's Cyclically Adjusted PB Ratio has ranged from 0.58 to 1.27. According to the industry distribution chart, Honda Motor Co ranks #307 out of 927 companies in the Vehicles & Parts industry, placing it in the top 33.1%.
Is Honda Motor Co's Cyclically Adjusted PB Ratio too high?
Honda Motor Co's current Cyclically Adjusted PB Ratio of 0.78 is near median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.27. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.23. Honda Motor Co's value of 0.78 is 36.6% below this industry median. Based on the distribution chart, Honda Motor Co ranks #307 out of 927 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Honda Motor Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Honda Motor Co's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Honda Motor Co ranks #307 out of 927 companies for Cyclically Adjusted PB Ratio. This puts Honda Motor Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Honda Motor Co's value of 0.78 is 36.6% below this benchmark. Historically, Honda Motor Co's own Cyclically Adjusted PB Ratio has ranged from 0.58 to 1.27 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.23, Honda Motor Co 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 1.23, based on 927 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 Motor Co's current Cyclically Adjusted PB Ratio of 0.78 is 36.6% 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 Honda Motor Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honda Motor Co's current Cyclically Adjusted PB Ratio is 0.78, which is near median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda Motor Co stock overvalued right now?
Based on GuruFocus' analysis, Honda Motor Co (NEOE:HNDA) is currently considered Fairly Valued. The stock's GF Value™ is C$13.01, compared to a current price of C$12.01 — trading 7.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.78, which is near median its 10-year median of 0.83 and 36.6% below the Vehicles & Parts industry median of 1.23. Honda Motor Co's overall GF Score™ is 64/100 with 6 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 Motor Co (NEOE:HNDA), the current Cyclically Adjusted PB Ratio is 0.78 as of Sep. 03, 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 Motor Co (NEOE:HNDA) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Motor Co stock appears to be undervalued. The current stock price of C$12.01 is trading 7.7% below its estimated GF Value™ of C$13.01. GuruFocus considers Honda Motor Co to be Fairly Valued.

Key valuation signals for NEOE:HNDA:

  • Cyclically Adjusted PB Ratio: 0.78 (near median its 10-year median of 0.83)
  • GF Value™: C$13.01 vs. price of C$12.01 (7.7% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 36.6% below the Vehicles & Parts median (#307 of 927)

No single metric tells the full story. See the NEOE:HNDA 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.
64GF Score

Get the complete analysis for NEOE:HNDA

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

C$12.01
Price
C$13.01
GF Value