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Combined Motor HoldingsJSE:CMH +1.48%92 Cyclically Adjusted PS Ratio is 0.21 as of Jul. 31, 2026, which is 24% above its 10-year median of 0.17. GuruFocus rates JSE:CMH with a GF Score™ of 92/100 and a GF Value™ of R39.12 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,043 Vehicles & Parts companies, Combined Motor Holdings ranks better than 79.29% on this metric.
The historical rank and industry rank for Combined Motor Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:
JSE:CMH'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.17 Max: 0.29
Current: 0.21
During the past 13 years, Combined Motor Holdings's highest Cyclically Adjusted PS Ratio was 0.29. The lowest was 0.07. And the median was 0.17.
JSE:CMH's Cyclically Adjusted PS Ratio is ranked better than 79.29% of 1043
companies
in the Vehicles & Parts industry
Industry Median: 0.72
vs JSE:CMH: 0.21
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Combined Motor Holdings's adjusted revenue per share data of for the fiscal year that ended in Feb26 was R210.942. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R186.72 for the trailing ten years ended in Feb26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Combined Motor Holdings (JSE:CMH) 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.
Combined Motor Holdings Cyclically Adjusted PS Ratio Related Terms
Combined Motor Holdings Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Combined Motor Holdings'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.
Combined Motor Holdings Cyclically Adjusted PS Ratio Chart
JSE:CMH vs CVNA, PAG, KMX: Cyclically Adjusted PS Ratio Comparison
For the Auto & Truck Dealerships subindustry, Combined Motor Holdings'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.
Combined Motor Holdings Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Combined Motor Holdings's Cyclically Adjusted PS Ratio falls into.
Combined Motor Holdings 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.
* 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.
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 PS Ratio of 0.21 mean?
Combined Motor Holdings (JSE:CMH) has a Cyclically Adjusted PS Ratio of 0.21 as of Jul. 31, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Combined Motor Holdings and its competitors. This is 24% above median its historical median of 0.17. Over the past decade, Combined Motor Holdings' Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.29. According to the industry distribution chart, Combined Motor Holdings ranks #216 out of 1043 companies in the Vehicles & Parts industry, placing it in the top 20.7%.
Is Combined Motor Holdings' Cyclically Adjusted PS Ratio too high?
Combined Motor Holdings' current Cyclically Adjusted PS Ratio of 0.21 is 24% above median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.29. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.72. Combined Motor Holdings' value of 0.21 is 70.8% below this industry median. Based on the distribution chart, Combined Motor Holdings ranks #216 out of 1043 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Combined Motor Holdings has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' Cyclically Adjusted PS Ratio compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Combined Motor Holdings ranks #216 out of 1043 companies for Cyclically Adjusted PS Ratio. This places Combined Motor Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.72. Combined Motor Holdings' value of 0.21 is 70.8% below this benchmark. Historically, Combined Motor Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.29 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 0.72, Combined Motor Holdings 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 PS Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.72, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Combined Motor Holdings's current Cyclically Adjusted PS Ratio of 0.21 is 70.8% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Combined Motor Holdings and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Motor Holdings's current Cyclically Adjusted PS Ratio is 0.21, which is 24% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R39.12, compared to a current price of R39.00 — trading 0.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.21, which is 24% above median its 10-year median of 0.17 and 70.8% below the Vehicles & Parts industry median of 0.72. Combined Motor Holdings' overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Combined Motor Holdings (JSE:CMH), the current Cyclically Adjusted PS Ratio is 0.21 as of Jul. 31, 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 Combined Motor Holdings (JSE:CMH) Overvalued in 2026?
Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be undervalued.
The current stock price of R39.00 is trading 0.3% below its estimated GF Value™ of R39.12.
GuruFocus considers Combined Motor Holdings to be Fairly Valued.
Key valuation signals for JSE:CMH:
Cyclically Adjusted PS Ratio: 0.21 (24% above median its 10-year median of 0.17)
GF Value™: R39.12 vs. price of R39.00 (0.3% below fair value)
Industry Position: 70.8% below the Vehicles & Parts median (#216 of 1043)
No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
92GF Score
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