Bayerische Motoren Werke AG (TSX:BMW) Cyclically Adjusted PB Ratio: 0.46 (As of Aug. 13, 2026) — 55% Below Median

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TSX:BMW Bayerische Motoren Werke AG TSX:BMW
60 GF Score
Price C$17.96
GF Value C$23.20
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio?

Bayerische Motoren Werke AG TSX:BMW +1.30% 60 Cyclically Adjusted PB Ratio is 0.46 as of Aug. 13, 2026, which is 55% below its 10-year median of 1.02. GuruFocus rates TSX:BMW with a GF Score™ of 60/100 and a GF Value™ of C$23.20 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,002 Vehicles & Parts companies, Bayerische Motoren Werke AG ranks better than 80.94% on this metric.

As of today (2026-08-13), Bayerische Motoren Werke AG's current share price is C$17.96. Bayerische Motoren Werke AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$38.88. Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio for today is 0.46.

The historical rank and industry rank for Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSX:BMW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.02   Max: 1.86
Current: 0.47

During the past years, Bayerische Motoren Werke AG's highest Cyclically Adjusted PB Ratio was 1.86. The lowest was 0.44. And the median was 1.02.

TSX:BMW's Cyclically Adjusted PB Ratio is ranked better than
80.94% of 1002 companies
in the Vehicles & Parts industry
Industry Median: 1.275 vs TSX:BMW: 0.47

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.

Bayerische Motoren Werke AG's adjusted book value per share data for the three months ended in Jun. 2026 was C$51.724. 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$38.88 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bayerische Motoren Werke AG  (TSX:BMW) 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.


Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio Related Terms


Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bayerische Motoren Werke AG'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.

Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio Chart

Bayerische Motoren Werke AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 0.91 0.98 0.70 0.76

Bayerische Motoren Werke AG 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 0.64 0.71 0.76 0.62 0.45

TSX:BMW vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Bayerische Motoren Werke AG'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.


Bayerische Motoren Werke AG Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

* The bar in red indicates where Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio falls into.


TSX:BMW
60GF Score
Bayerische Motoren Werke AG TSX:BMW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bayerische Motoren Werke AG 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.

Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.96/38.88
=0.46

* 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.

Bayerische Motoren Werke AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bayerische Motoren Werke AG'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)
=51.724/131.3638*131.3638
=51.724

Current CPI (Jun. 2026) = 131.3638.

Bayerische Motoren Werke AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.338 101.017 26.448
201612 20.268 101.217 26.305
201703 21.591 101.417 27.967
201706 22.941 102.117 29.511
201709 23.440 102.717 29.977
201712 24.828 102.617 31.783
201803 27.291 102.917 34.834
201806 25.899 104.017 32.708
201809 26.198 104.718 32.864
201812 26.726 104.217 33.688
201903 26.565 104.217 33.485
201906 25.875 105.718 32.152
201909 25.604 106.018 31.725
201912 26.472 105.818 32.863
202003 28.525 105.718 35.445
202006 26.924 106.618 33.173
202009 28.325 105.818 35.163
202012 28.901 105.518 35.980
202103 29.549 107.518 36.103
202106 30.879 108.486 37.391
202109 32.527 109.435 39.045
202112 32.676 110.384 38.887
202203 36.060 113.968 41.564
202206 34.568 115.760 39.227
202209 34.630 118.818 38.287
202212 38.007 119.345 41.835
202303 39.740 122.402 42.649
202306 37.388 123.140 39.885
202309 40.487 124.195 42.824
202312 41.572 123.773 44.122
202403 43.004 125.038 45.180
202406 42.536 125.882 44.388
202409 44.035 126.198 45.838
202412 44.470 127.041 45.983
202503 46.993 127.779 48.311
202506 47.383 128.412 48.472
202509 49.968 129.255 50.783
202512 51.160 129.361 51.952
202603 51.059 131.258 51.100
202606 51.724 131.364 51.724

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 0.46 mean?
Bayerische Motoren Werke AG (TSX:BMW) has a Cyclically Adjusted PB Ratio of 0.46 as of Aug. 13, 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 Bayerische Motoren Werke AG and its competitors. This is 55% below median its historical median of 1.02. Over the past decade, Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.86. According to the industry distribution chart, Bayerische Motoren Werke AG ranks #191 out of 1002 companies in the Vehicles & Parts industry, placing it in the top 19.1%.
Is Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio too high?
Bayerische Motoren Werke AG's current Cyclically Adjusted PB Ratio of 0.46 is 55% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.86. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.28. Bayerische Motoren Werke AG's value of 0.46 is 63.9% below this industry median. Based on the distribution chart, Bayerische Motoren Werke AG ranks #191 out of 1002 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Bayerische Motoren Werke AG has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bayerische Motoren Werke AG's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Bayerische Motoren Werke AG ranks #191 out of 1002 companies for Cyclically Adjusted PB Ratio. This places Bayerische Motoren Werke AG in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.28. Bayerische Motoren Werke AG's value of 0.46 is 63.9% below this benchmark. Historically, Bayerische Motoren Werke AG's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.86 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.28, Bayerische Motoren Werke AG 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 1.28, based on 1,002 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. Bayerische Motoren Werke AG's current Cyclically Adjusted PB Ratio of 0.46 is 63.9% 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 Bayerische Motoren Werke AG and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bayerische Motoren Werke AG's current Cyclically Adjusted PB Ratio is 0.46, which is 55% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bayerische Motoren Werke AG stock overvalued right now?
Based on GuruFocus' analysis, Bayerische Motoren Werke AG (TSX:BMW) is currently considered Modestly Undervalued. The stock's GF Value™ is C$23.20, compared to a current price of C$17.96 — trading 22.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.46, which is 55% below median its 10-year median of 1.02 and 63.9% below the Vehicles & Parts industry median of 1.28. Bayerische Motoren Werke AG's overall GF Score™ is 60/100 with 4 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 Bayerische Motoren Werke AG (TSX:BMW), the current Cyclically Adjusted PB Ratio is 0.46 as of Aug. 13, 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 Bayerische Motoren Werke AG (TSX:BMW) Overvalued in 2026?

Based on GuruFocus' analysis, Bayerische Motoren Werke AG stock appears to be undervalued. The current stock price of C$17.96 is trading 22.6% below its estimated GF Value™ of C$23.20. GuruFocus considers Bayerische Motoren Werke AG to be Modestly Undervalued.

Key valuation signals for TSX:BMW:

  • Cyclically Adjusted PB Ratio: 0.46 (55% below median its 10-year median of 1.02)
  • GF Value™: C$23.20 vs. price of C$17.96 (22.6% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 63.9% below the Vehicles & Parts median (#191 of 1002)

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


Bayerische Motoren Werke AG Business Description

Address Petuelring 130, Munich, BY, DEU, 80809
BMW is a premium passenger car and motorcycle original equipment manufacturer, home to the brands BMW, Mini Cooper, Rolls-Royce, and BMW Motorrad. BMW sold 2.7 million vehicles in 2025, or which 2.5 million were passenger cars. In terms of sales volume, Europe and Asia are BMW's largest regions, contributing 43% and 33%, respectively. BMW's core competence is in the "affordable" luxury channel, with limited exposure to high-end vehicles.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$17.96
Price
C$23.20
GF Value