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Combined Motor HoldingsJSE:CMH +0.53%92 PB Ratio is 1.88 as of Jul. 20, 2026, which is 1% below its 10-year median of 1.89. GuruFocus rates JSE:CMH with a GF Score™ of 92/100 and a GF Value™ of R39.00 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,294 Vehicles & Parts companies, Combined Motor Holdings ranks worse than 62.6% on this metric.
The historical rank and industry rank for Combined Motor Holdings's PB Ratio or its related term are showing as below:
JSE:CMH'
s PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.89 Max: 4.38
Current: 1.88
During the past 13 years, Combined Motor Holdings's highest PB Ratio was 4.38. The lowest was 0.87. And the median was 1.89.
JSE:CMH's PB Ratio is ranked worse than 62.6% of 1294
companies
in the Vehicles & Parts industry
Industry Median: 1.36
vs JSE:CMH: 1.88
During the past 12 months, Combined Motor Holdings's average Book Value Per Share Growth Rate was 11.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 12.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Combined Motor Holdings was 26.90% per year. The lowest was -2.40% per year. And the median was 9.90% per year.
Back to Basics: PB Ratio
Combined Motor Holdings (JSE:CMH) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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.
For the Auto & Truck Dealerships subindustry, Combined Motor Holdings's PB Ratio, along with its competitors' market caps and 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.
Combined Motor Holdings PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Combined Motor Holdings's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Combined Motor Holdings (JSE:CMH) has a PB Ratio of 1.88 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Combined Motor Holdings and its competitors. This is near median its historical median of 1.89. Over the past decade, Combined Motor Holdings' PB Ratio has ranged from 0.87 to 4.38. According to the industry distribution chart, Combined Motor Holdings ranks #810 out of 1294 companies in the Vehicles & Parts industry, placing it in the top 62.6%.
Is Combined Motor Holdings' PB Ratio too high?
Combined Motor Holdings' current PB Ratio of 1.88 is near median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 4.38. The Vehicles & Parts industry median PB Ratio is 1.36. Combined Motor Holdings' value of 1.88 is 38.2% above this industry median. Based on the distribution chart, Combined Motor Holdings ranks #810 out of 1294 companies in the Vehicles & Parts industry, which is below the industry midpoint. 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' PB Ratio compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Combined Motor Holdings ranks #810 out of 1294 companies for PB Ratio. This places Combined Motor Holdings in the lower half of its industry. The industry median PB Ratio is 1.36. Combined Motor Holdings' value of 1.88 is 38.2% above this benchmark. Historically, Combined Motor Holdings' own PB Ratio has ranged from 0.87 to 4.38 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 1.36, Combined Motor Holdings has consistently been above 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 PB Ratio for a Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.36, based on 1,294 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Combined Motor Holdings's current PB Ratio of 1.88 is 38.2% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Combined Motor Holdings and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Motor Holdings's current PB Ratio is 1.88, which is near median its own 10-year median of 1.89. 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 R39.00, compared to a current price of R39.91 — trading 2.3% above its estimated fair value. The current PB Ratio is 1.88, which is near median its 10-year median of 1.89 and 38.2% above the Vehicles & Parts industry median of 1.36. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Combined Motor Holdings (JSE:CMH), the current PB Ratio is 1.88 as of Jul. 20, 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 overvalued.
The current stock price of R39.91 is trading 2.3% above its estimated GF Value™ of R39.00.
GuruFocus considers Combined Motor Holdings to be Fairly Valued.
Key valuation signals for JSE:CMH:
PB Ratio: 1.88 (near median its 10-year median of 1.89)
GF Value™: R39.00 vs. price of R39.91 (2.3% above fair value)
Industry Position: 38.2% above the Vehicles & Parts median (#810 of 1294)
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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