Honda Motor Co (STU:HDMA) Cyclically Adjusted PB Ratio: 0.74 (As of Jul. 30, 2026) — 12% 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.

STU:HDMA Honda Motor Co Ltd STU:HDMA
77 GF Score
Price €26.60
GF Value €30.58
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Honda Motor Co Cyclically Adjusted PB Ratio?

Honda Motor Co STU:HDMA +0.76% 77 Cyclically Adjusted PB Ratio is 0.74 as of Jul. 30, 2026, which is 12% below its 10-year median of 0.84. GuruFocus rates STU:HDMA with a GF Score™ of 77/100 and a GF Value™ of €30.58 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,024 Vehicles & Parts companies, Honda Motor Co ranks better than 67.77% on this metric.

As of today (2026-07-30), Honda Motor Co's current share price is €26.60. Honda Motor Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €36.08. Honda Motor Co's Cyclically Adjusted PB Ratio for today is 0.74.

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

STU:HDMA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.84   Max: 1.27
Current: 0.78

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 0.84.

STU:HDMA's Cyclically Adjusted PB Ratio is ranked better than
67.77% of 1024 companies
in the Vehicles & Parts industry
Industry Median: 1.265 vs STU:HDMA: 0.78

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 Mar. 2026 was €49.647. 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 €36.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Honda Motor Co  (STU:HDMA) 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
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 0.68 0.69 0.74 0.72 0.58

STU:HDMA 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.


STU:HDMA
77GF Score
Honda Motor Co Ltd STU:HDMA
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
=26.60/36.08
=0.74

* 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 Mar. 2026 is calculated as:

For example, Honda Motor Co'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)
=49.647/112.7000*112.7000
=49.647

Current CPI (Mar. 2026) = 112.7000.

Honda Motor Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 30.454 98.100 34.986
201609 31.884 98.000 36.667
201612 33.119 98.400 37.932
201703 33.518 98.100 38.506
201706 33.267 98.500 38.063
201709 32.331 98.800 36.880
201712 34.294 99.400 38.883
201803 34.119 99.200 38.762
201806 35.661 99.200 40.514
201809 36.322 99.900 40.976
201812 36.880 99.700 41.689
201903 37.414 99.700 42.292
201906 38.383 99.800 43.344
201909 40.024 100.100 45.062
201912 39.940 100.500 44.788
202003 39.005 100.300 43.827
202006 37.692 99.900 42.521
202009 37.452 99.900 42.251
202012 38.099 99.300 43.240
202103 40.648 99.900 45.856
202106 40.709 99.500 46.110
202109 42.529 100.100 47.882
202112 44.381 100.100 49.967
202203 46.881 101.100 52.260
202206 46.245 101.800 51.197
202209 48.035 103.100 52.508
202212 46.099 104.100 49.907
202303 46.957 104.400 50.690
202306 47.470 105.200 50.854
202309 48.050 106.200 50.991
202312 47.494 106.800 50.118
202403 48.439 107.200 50.924
202406 49.098 108.200 51.140
202409 50.037 108.900 51.783
202412 52.467 110.700 53.415
202503 52.797 111.100 53.557
202506 51.982 111.700 52.447
202509 53.103 112.000 53.435
202512 52.623 113.000 52.483
202603 49.647 112.700 49.647

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 0.74 mean?
Honda Motor Co (STU:HDMA) has a Cyclically Adjusted PB Ratio of 0.74 as of Jul. 30, 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 12% below median its historical median of 0.84. 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 #330 out of 1024 companies in the Vehicles & Parts industry, placing it in the top 32.2%.
Is Honda Motor Co's Cyclically Adjusted PB Ratio too high?
Honda Motor Co's current Cyclically Adjusted PB Ratio of 0.74 is 12% below median its 10-year median of 0.84. 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 1.27. Honda Motor Co's value of 0.74 is 41.5% below this industry median. Based on the distribution chart, Honda Motor Co ranks #330 out of 1024 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Honda Motor Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, 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 #330 out of 1024 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 1.27. Honda Motor Co's value of 0.74 is 41.5% 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 0.84 vs. the industry median of 1.27, 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 1.27, based on 1,024 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 0.74 is 41.5% 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 1.27 — 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 0.74, which is 12% below median its own 10-year median of 0.84. 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 (STU:HDMA) is currently considered Modestly Undervalued. The stock's GF Value™ is €30.58, compared to a current price of €26.60 — trading 13% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.74, which is 12% below median its 10-year median of 0.84 and 41.5% below the Vehicles & Parts industry median of 1.27. Honda Motor Co's overall GF Score™ is 77/100 with 8 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 (STU:HDMA), the current Cyclically Adjusted PB Ratio is 0.74 as of Jul. 30, 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 (STU:HDMA) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Motor Co stock appears to be undervalued. The current stock price of €26.60 is trading 13% below its estimated GF Value™ of €30.58. GuruFocus considers Honda Motor Co to be Modestly Undervalued.

Key valuation signals for STU:HDMA:

  • Cyclically Adjusted PB Ratio: 0.74 (12% below median its 10-year median of 0.84)
  • GF Value™: €30.58 vs. price of €26.60 (13% below fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 41.5% below the Vehicles & Parts median (#330 of 1024)

No single metric tells the full story. See the STU:HDMA 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.
77GF Score

Get the complete analysis for STU:HDMA

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

€26.60
Price
€30.58
GF Value