Honda Atlas Cars Pakistan (KAR:HCAR) Cyclically Adjusted PS Ratio: 0.34 (As of Jul. 23, 2026) — 15% Below Median

Author: Vera Yuan Vera Yuan
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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.

KAR:HCAR Honda Atlas Cars Pakistan Ltd KAR:HCAR
59 GF Score
Price ₨235.68
GF Value ₨466.76
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Honda Atlas Cars Pakistan Cyclically Adjusted PS Ratio?

Honda Atlas Cars Pakistan KAR:HCAR -1.80% 59 Cyclically Adjusted PS Ratio is 0.34 as of Jul. 23, 2026, which is 15% below its 10-year median of 0.40. GuruFocus rates KAR:HCAR with a GF Score™ of 59/100 and a GF Value™ of ₨466.76 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,041 Vehicles & Parts companies, Honda Atlas Cars Pakistan ranks better than 68.11% on this metric.

As of today (2026-07-23), Honda Atlas Cars Pakistan's current share price is ₨235.68. Honda Atlas Cars Pakistan's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨690.28. Honda Atlas Cars Pakistan's Cyclically Adjusted PS Ratio for today is 0.34.

The historical rank and industry rank for Honda Atlas Cars Pakistan's Cyclically Adjusted PS Ratio or its related term are showing as below:

KAR:HCAR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.4   Max: 0.56
Current: 0.35

During the past years, Honda Atlas Cars Pakistan's highest Cyclically Adjusted PS Ratio was 0.56. The lowest was 0.15. And the median was 0.40.

KAR:HCAR's Cyclically Adjusted PS Ratio is ranked better than
68.11% of 1041 companies
in the Vehicles & Parts industry
Industry Median: 0.74 vs KAR:HCAR: 0.35

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.

Honda Atlas Cars Pakistan's adjusted revenue per share data for the three months ended in Mar. 2026 was ₨261.142. 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 ₨690.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Honda Atlas Cars Pakistan  (KAR:HCAR) 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 Atlas Cars Pakistan Cyclically Adjusted PS Ratio Related Terms


Honda Atlas Cars Pakistan Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Honda Atlas Cars Pakistan'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 Atlas Cars Pakistan Cyclically Adjusted PS Ratio Chart

Honda Atlas Cars Pakistan 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 0.41 0.21 0.38 0.47 0.22

Honda Atlas Cars Pakistan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.47 0.43 0.45 0.41 0.22

KAR:HCAR vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, Honda Atlas Cars Pakistan'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 Atlas Cars Pakistan Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

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

* The bar in red indicates where Honda Atlas Cars Pakistan's Cyclically Adjusted PS Ratio falls into.


KAR:HCAR
59GF Score
Honda Atlas Cars Pakistan Ltd KAR:HCAR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Honda Atlas Cars Pakistan 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 Atlas Cars Pakistan's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=235.68/690.28
=0.34

* 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 Atlas Cars Pakistan's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Honda Atlas Cars Pakistan's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=261.142/330.2130*330.2130
=261.142

Current CPI (Mar. 2026) = 330.2130.

Honda Atlas Cars Pakistan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 73.781 241.018 101.086
201609 108.470 241.428 148.360
201612 110.048 241.432 150.516
201703 147.612 243.801 199.931
201706 147.469 244.955 198.796
201709 160.311 246.819 214.476
201712 152.628 246.524 204.442
201803 180.506 249.554 238.848
201806 167.132 251.989 219.014
201809 180.916 252.439 236.654
201812 149.008 251.233 195.852
201903 169.329 254.202 219.961
201906 125.009 256.143 161.158
201909 81.574 256.759 104.911
201912 69.345 256.974 89.109
202003 109.838 258.115 140.519
202006 45.619 257.797 58.434
202009 143.043 260.280 181.476
202012 123.486 260.474 156.548
202103 159.187 264.877 198.453
202106 152.410 271.696 185.236
202109 181.988 274.310 219.076
202112 206.665 278.802 244.774
202203 215.467 287.504 247.475
202206 211.840 296.311 236.077
202209 136.992 296.808 152.410
202212 160.760 296.797 178.860
202303 156.422 301.836 171.128
202306 26.532 305.109 28.715
202309 97.749 307.789 104.871
202312 86.744 306.746 93.380
202403 174.305 312.332 184.284
202406 111.920 314.175 117.633
202409 115.910 315.301 121.392
202412 125.081 315.605 130.870
202503 193.669 319.799 199.976
202506 185.264 322.561 189.659
202509 178.092 324.800 181.060
202512 231.810 324.054 236.216
202603 261.142 330.213 261.142

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.

What does a Cyclically Adjusted PS Ratio of 0.34 mean?
Honda Atlas Cars Pakistan (KAR:HCAR) has a Cyclically Adjusted PS Ratio of 0.34 as of Jul. 23, 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 Honda Atlas Cars Pakistan and its competitors. This is 15% below median its historical median of 0.40. Over the past decade, Honda Atlas Cars Pakistan's Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.56. According to the industry distribution chart, Honda Atlas Cars Pakistan ranks #332 out of 1041 companies in the Vehicles & Parts industry, placing it in the top 31.9%.
Is Honda Atlas Cars Pakistan's Cyclically Adjusted PS Ratio too high?
Honda Atlas Cars Pakistan's current Cyclically Adjusted PS Ratio of 0.34 is 15% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.56. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.74. Honda Atlas Cars Pakistan's value of 0.34 is 54.1% below this industry median. Based on the distribution chart, Honda Atlas Cars Pakistan ranks #332 out of 1041 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Honda Atlas Cars Pakistan has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honda Atlas Cars Pakistan's Cyclically Adjusted PS Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Honda Atlas Cars Pakistan ranks #332 out of 1041 companies for Cyclically Adjusted PS Ratio. This puts Honda Atlas Cars Pakistan in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.74. Honda Atlas Cars Pakistan's value of 0.34 is 54.1% below this benchmark. Historically, Honda Atlas Cars Pakistan's own Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.56 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.74, Honda Atlas Cars Pakistan 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 0.74, based on 1,041 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. Honda Atlas Cars Pakistan's current Cyclically Adjusted PS Ratio of 0.34 is 54.1% 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 Honda Atlas Cars Pakistan and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honda Atlas Cars Pakistan's current Cyclically Adjusted PS Ratio is 0.34, which is 15% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda Atlas Cars Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Honda Atlas Cars Pakistan (KAR:HCAR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₨466.76, compared to a current price of ₨235.68 — trading 49.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.34, which is 15% below median its 10-year median of 0.40 and 54.1% below the Vehicles & Parts industry median of 0.74. Honda Atlas Cars Pakistan's overall GF Score™ is 59/100 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 Honda Atlas Cars Pakistan (KAR:HCAR), the current Cyclically Adjusted PS Ratio is 0.34 as of Jul. 23, 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 Atlas Cars Pakistan (KAR:HCAR) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Atlas Cars Pakistan stock appears to be undervalued. The current stock price of ₨235.68 is trading 49.5% below its estimated GF Value™ of ₨466.76. GuruFocus considers Honda Atlas Cars Pakistan to be Significantly Undervalued.

Key valuation signals for KAR:HCAR:

  • Cyclically Adjusted PS Ratio: 0.34 (15% below median its 10-year median of 0.40)
  • GF Value™: ₨466.76 vs. price of ₨235.68 (49.5% below fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 54.1% below the Vehicles & Parts median (#332 of 1041)

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


Honda Atlas Cars Pakistan Business Description

Address 1-Mcleod Road, Lahore, PB, PAK
Honda Atlas Cars Pakistan Ltd is engaged in assembling and progressive manufacturing and sale of Honda vehicles and spare parts. Its segments include the Manufacturing and Trading segment. The manufacturing segment relates to the sale of locally manufactured cars and parts, and the Trading segment relates to the trading of completely built units (CBUs) and parts. It offers car models, such as the Honda Accord, Honda CR-V, Honda CR-Z, Honda HR-V, and Honda City in various colors with technology features. Honda derives the majority of its revenue from the Manufacturing segment. Geographically, it operates in Pakistan, Thailand, and Japan.
59GF Score

Get the complete analysis for KAR:HCAR

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

₨235.68
Price
₨466.76
GF Value