HMC (Honda Motor Co) Cyclically Adjusted PS Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

HMC Honda Motor Co Ltd HMC
71 GF Score
Price $31.82
GF Value $33.42
Valuation Fairly Valued
! 7 Warning Signs
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What is Honda Motor Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Honda Motor Co  (NYSE:HMC) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Honda Motor Co Cyclically Adjusted PS Ratio Related Terms


Honda Motor Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Honda Motor Co's Cyclically Adjusted PS 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 PS Ratio Chart

Honda Motor Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.41 0.61 0.39 0.34

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 PS 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 0.40 0.43 0.42 0.34 0.39

HMC vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, Honda Motor Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Vehicles & Parts Industry

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

* The bar in red indicates where Honda Motor Co's Cyclically Adjusted PS Ratio falls into.


HMC
71GF Score
Honda Motor Co Ltd HMC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Honda Motor Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Honda Motor Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Honda Motor Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=26.916/113.6000*113.6000
=26.916

Current CPI (Jun. 2026) = 113.6000.

Honda Motor Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 17.787 98.000 20.618
201612 16.747 98.400 19.334
201703 18.493 98.100 21.415
201706 18.575 98.500 21.423
201709 18.914 98.800 21.747
201712 19.569 99.400 22.365
201803 20.742 99.200 23.753
201806 20.613 99.200 23.605
201809 19.457 99.900 22.125
201812 20.127 99.700 22.933
201903 20.700 99.700 23.586
201906 21.016 99.800 23.922
201909 19.706 100.100 22.364
201912 19.581 100.500 22.133
202003 18.504 100.300 20.958
202006 11.434 99.900 13.002
202009 20.028 99.900 22.775
202012 21.045 99.300 24.076
202103 19.307 99.900 21.955
202106 18.851 99.500 21.522
202109 17.900 100.100 20.314
202112 18.879 100.100 21.425
202203 19.097 101.100 21.458
202206 16.711 101.800 18.648
202209 17.392 103.100 19.163
202212 19.427 104.100 21.200
202303 19.576 104.400 21.301
202306 19.741 105.200 21.317
202309 20.563 106.200 21.996
202312 23.073 106.800 24.542
202403 22.422 107.200 23.761
202406 21.292 108.200 22.355
202409 23.786 108.900 24.813
202412 23.177 110.700 23.784
202503 24.248 111.100 24.794
202506 28.485 111.700 28.970
202509 25.080 112.000 25.438
202512 26.279 113.000 26.419
202603 28.196 112.700 28.421
202606 26.916 113.600 26.916

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Motor Co (HMC) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Motor Co stock appears to be undervalued. The current stock price of $31.82 is trading 4.8% below its estimated GF Value™ of $33.42. GuruFocus considers Honda Motor Co to be Fairly Valued.

Key valuation signals for HMC:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $33.42 vs. price of $31.82 (4.8% below fair value)
  • GF Score™: 71/100 with 7 warning signs

No single metric tells the full story. See the HMC 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.
71GF Score

Get the complete analysis for HMC

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

$31.82
Price
$33.42
GF Value