Tata Motors Passenger VehiclesNSE:TMPV -1.37%69 Cyclically Adjusted PB Ratio is 0.91 as of Jun. 24, 2026, which is 15% above its 10-year median of 0.79. GuruFocus rates NSE:TMPV with a GF Score™ of 69/100 and a GF Value™ of ₹333.08 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,036 Vehicles & Parts companies, Tata Motors Passenger Vehicles ranks better than 63.32% on this metric.
The historical rank and industry rank for Tata Motors Passenger Vehicles's Cyclically Adjusted PB Ratio or its related term are showing as below:
NSE:TMPV'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.79 Max: 1.55
Current: 0.92
During the past years, Tata Motors Passenger Vehicles's highest Cyclically Adjusted PB Ratio was 1.55. The lowest was 0.12. And the median was 0.79.
NSE:TMPV's Cyclically Adjusted PB Ratio is ranked better than 63.32% of 1036
companies
in the Vehicles & Parts industry
Industry Median: 1.35
vs NSE:TMPV: 0.92
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.
Tata Motors Passenger Vehicles's adjusted book value per share data for the three months ended in Mar. 2026 was ₹304.336. 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 ₹385.54 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tata Motors Passenger Vehicles (NSE:TMPV) 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.
Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio Related Terms
Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio Historical Data
* 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.
Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio Chart
NSE:TMPV vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison
For the Auto Manufacturers subindustry, Tata Motors Passenger Vehicles'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.
Tata Motors Passenger Vehicles Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors Passenger Vehicles's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Tata Motors Passenger Vehicles's Cyclically Adjusted PB Ratio falls into.
Tata Motors Passenger Vehicles 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.
* 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 PB Ratio of 0.91 mean?
Tata Motors Passenger Vehicles (NSE:TMPV) has a Cyclically Adjusted PB Ratio of 0.91 as of Jun. 24, 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 Tata Motors Passenger Vehicles and its competitors. This is 15% above median its historical median of 0.79. Over the past decade, Tata Motors Passenger Vehicles' Cyclically Adjusted PB Ratio has ranged from 0.12 to 1.55. According to the industry distribution chart, Tata Motors Passenger Vehicles ranks #380 out of 1036 companies in the Vehicles & Parts industry, placing it in the top 36.7%.
Is Tata Motors Passenger Vehicles' Cyclically Adjusted PB Ratio too high?
Tata Motors Passenger Vehicles' current Cyclically Adjusted PB Ratio of 0.91 is 15% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.55. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.35. Tata Motors Passenger Vehicles' value of 0.91 is 32.6% below this industry median. Based on the distribution chart, Tata Motors Passenger Vehicles ranks #380 out of 1036 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Tata Motors Passenger Vehicles has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tata Motors Passenger Vehicles' Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tata Motors Passenger Vehicles ranks #380 out of 1036 companies for Cyclically Adjusted PB Ratio. This puts Tata Motors Passenger Vehicles in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.35. Tata Motors Passenger Vehicles' value of 0.91 is 32.6% below this benchmark. Historically, Tata Motors Passenger Vehicles' own Cyclically Adjusted PB Ratio has ranged from 0.12 to 1.55 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.35, Tata Motors Passenger Vehicles 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 1.35, based on 1,036 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. Tata Motors Passenger Vehicles's current Cyclically Adjusted PB Ratio of 0.91 is 32.6% 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 Tata Motors Passenger Vehicles and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Motors Passenger Vehicles's current Cyclically Adjusted PB Ratio is 0.91, which is 15% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Motors Passenger Vehicles stock overvalued right now?
Based on GuruFocus' analysis, Tata Motors Passenger Vehicles (NSE:TMPV) is currently considered Fairly Valued. The stock's GF Value™ is ₹333.08, compared to a current price of ₹349.70 — trading 5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.91, which is 15% above median its 10-year median of 0.79 and 32.6% below the Vehicles & Parts industry median of 1.35. Tata Motors Passenger Vehicles' overall GF Score™ is 69/100 with 6 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 Tata Motors Passenger Vehicles (NSE:TMPV), the current Cyclically Adjusted PB Ratio is 0.91 as of Jun. 24, 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 Tata Motors Passenger Vehicles (NSE:TMPV) Overvalued in 2026?
Based on GuruFocus' analysis, Tata Motors Passenger Vehicles stock appears to be overvalued.
The current stock price of ₹349.70 is trading 5% above its estimated GF Value™ of ₹333.08.
GuruFocus considers Tata Motors Passenger Vehicles to be Fairly Valued.
Key valuation signals for NSE:TMPV:
Cyclically Adjusted PB Ratio: 0.91 (15% above median its 10-year median of 0.79)
GF Value™: ₹333.08 vs. price of ₹349.70 (5% above fair value)
Industry Position: 32.6% below the Vehicles & Parts median (#380 of 1036)
No single metric tells the full story. See the NSE:TMPV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tata Motors Passenger Vehicles Business Description
Tata Motors Passenger Vehicles Ltd Formerly Tata Motors Ltd designs, manufactures and sells a wide range of automotive vehicles and provides information technology services. The company also manufactures engines for industrial applications. Its operating segments include Automotive and Others. It mainly operates in the automotive business. The automotive business includes all activities relating to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts, accessories and services. The Automotive segment consists of three reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles and Jaguar Land Rover of which majority of revenue comes from Jaguar Land Rover. It has majority of sales from India followed by United States, UK, etc.
69GF Score
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