Price to Book Value (P/BV)
since 2005
Calculation
Ford Motor Co., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Equity (deficit) attributable to Ford Motor Company1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 6, 2025 | 0.82 | = | 9.26 | ÷ | 11.31 | 11.31 | = | 44,835 | ÷ | 3,963,447,704 | |
| Feb 7, 2024 | 1.19 | = | 12.80 | ÷ | 10.76 | 10.76 | = | 42,773 | ÷ | 3,973,633,108 | |
| Feb 3, 2023 | 1.22 | = | 13.23 | ÷ | 10.85 | 10.85 | = | 43,242 | ÷ | 3,986,181,861 | |
| Feb 4, 2022 | 1.48 | = | 17.96 | ÷ | 12.12 | 12.12 | = | 48,519 | ÷ | 4,004,247,552 | |
| Feb 5, 2021 | 1.49 | = | 11.51 | ÷ | 7.71 | 7.71 | = | 30,690 | ÷ | 3,978,695,017 | |
| Feb 5, 2020 | 0.99 | = | 8.31 | ÷ | 8.37 | 8.37 | = | 33,185 | ÷ | 3,964,930,325 | |
| Feb 21, 2019 | 0.96 | = | 8.71 | ÷ | 9.03 | 9.03 | = | 35,932 | ÷ | 3,978,551,737 | |
| Feb 8, 2018 | 1.19 | = | 10.43 | ÷ | 8.78 | 8.78 | = | 34,890 | ÷ | 3,973,351,656 | |
| Feb 9, 2017 | 1.69 | = | 12.38 | ÷ | 7.34 | 7.34 | = | 29,170 | ÷ | 3,974,297,169 | |
| Feb 11, 2016 | 1.55 | = | 11.17 | ÷ | 7.22 | 7.22 | = | 28,642 | ÷ | 3,969,513,255 | |
| Feb 13, 2015 | 2.60 | = | 16.30 | ÷ | 6.27 | 6.27 | = | 24,805 | ÷ | 3,955,941,825 | |
| Feb 18, 2014 | 2.30 | = | 15.39 | ÷ | 6.69 | 6.69 | = | 26,383 | ÷ | 3,943,822,377 | |
| Feb 19, 2013 | 3.19 | = | 12.99 | ÷ | 4.07 | 4.07 | = | 15,947 | ÷ | 3,922,247,667 | |
| Feb 21, 2012 | 3.17 | = | 12.53 | ÷ | 3.95 | 3.95 | = | 15,028 | ÷ | 3,800,746,841 | |
| Feb 28, 2011 | — | = | 15.05 | ÷ | -0.18 | -0.18 | = | -673 | ÷ | 3,782,710,935 | |
| Feb 25, 2010 | — | = | 11.78 | ÷ | -2.32 | -2.32 | = | -7,820 | ÷ | 3,368,265,681 | |
| Feb 26, 2009 | — | = | 1.98 | ÷ | -7.22 | -7.22 | = | -17,311 | ÷ | 2,396,320,837 | |
| Feb 27, 2008 | 2.59 | = | 6.60 | ÷ | 2.55 | 2.55 | = | 5,628 | ÷ | 2,207,002,130 | |
| Feb 28, 2007 | — | = | 7.91 | ÷ | -1.83 | -1.83 | = | -3,465 | ÷ | 1,892,538,498 | |
| Mar 1, 2006 | 1.14 | = | 7.95 | ÷ | 6.95 | 6.95 | = | 12,957 | ÷ | 1,864,138,469 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Ford Motor Co. Annual Report.
- Share Price Trends
- The share price exhibited considerable volatility over the observed periods. Initially, it was relatively stable between 7.95 and 7.91 US$ from 2006 to 2007 but then sharply declined to 1.98 US$ by 2009. Following this low point, the share price experienced a substantial recovery, peaking at 17.96 US$ in 2022. However, subsequent years showed a declining trend again, with the price falling to 9.26 US$ by 2025.
- Book Value per Share (BVPS) Trends
- BVPS displayed significant fluctuations and periods of negative value, indicating financial challenges during some years. Notably, BVPS turned negative from 2007 through 2011, with the lowest point at -7.22 US$ in 2009. From 2012 onwards, the company consistently reported positive BVPS, showing a recovery trend with values improving from 3.95 US$ in 2012 to 11.31 US$ in 2025 despite some mild fluctuations in later years. This reflects a gradual rebuilding of equity value over the long term.
- Price-to-Book Value Ratio (P/BV) Analysis
- The P/BV ratio shows notable variation during the period. Data is missing for several years, particularly during the negative BVPS periods where P/BV calculation may not have been meaningful. When available, the ratio was relatively high in the early 2010s (above 3), indicating the market valued the stock more than three times its book value. Over time, this ratio generally decreased, falling below 1 at the end of the period in 2025 (0.82), suggesting the market priced the company below its book value, potentially indicating market pessimism or undervaluation at that time.
- Overall Observations
- The data reflect a company that underwent a severe financial downturn around 2008-2009, evidenced by crashing share prices and negative book values per share. Following this, there was a recovery phase with both share price and book value increasing steadily, reaching peaks around 2022. Toward the end of the period, there is a moderate decline in share price coupled with a P/BV ratio dropping below 1, which could indicate concerns regarding future performance or broader market factors influencing valuation. Throughout, the recovery in book value per share signals underlying improvement in the company's net asset position despite market valuation fluctuations.
Comparison to Competitors
Ford Motor Co., P/BV, long-term trends, comparison to competitors
| Ford Motor Co. | General Motors Co. | Tesla Inc. | |
|---|---|---|---|
| Feb 6, 2025 | 0.82 | 0.79 | 17.66 |
| Feb 7, 2024 | 1.19 | 0.69 | 9.71 |
| Feb 3, 2023 | 1.22 | 0.81 | 12.26 |
| Feb 4, 2022 | 1.48 | 1.30 | 31.06 |
| Feb 5, 2021 | 1.49 | 1.76 | 37.29 |
| Feb 5, 2020 | 0.99 | 1.20 | 22.03 |
| Feb 21, 2019 | 0.96 | 1.45 | 10.72 |
| Feb 8, 2018 | 1.19 | 1.68 | 14.03 |
| Feb 9, 2017 | 1.69 | 1.20 | 8.51 |
| Feb 11, 2016 | 1.55 | 1.12 | 21.70 |
| Feb 13, 2015 | 2.60 | 1.63 | 28.57 |
| Feb 18, 2014 | 2.30 | 1.31 | 46.73 |
| Feb 19, 2013 | 3.19 | 1.05 | 35.13 |
| Feb 21, 2012 | 3.17 | 1.09 | 15.69 |
| Feb 28, 2011 | — | 1.42 | 11.19 |
| Feb 25, 2010 | — | — | — |
| Feb 26, 2009 | — | — | — |
| Feb 27, 2008 | 2.59 | — | — |
| Feb 28, 2007 | — | — | — |
| Mar 1, 2006 | 1.14 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Automobiles & Components)
Ford Motor Co., P/BV, long-term trends, comparison to sector (automobiles & components)
| Ford Motor Co. | Automobiles & Components | |
|---|---|---|
| Feb 6, 2025 | 0.82 | 7.60 |
| Feb 7, 2024 | 1.19 | 4.14 |
| Feb 3, 2023 | 1.22 | 4.21 |
| Feb 4, 2022 | 1.48 | 7.85 |
| Feb 5, 2021 | 1.49 | 9.74 |
| Feb 5, 2020 | 0.99 | 2.80 |
| Feb 21, 2019 | 0.96 | 1.80 |
| Feb 8, 2018 | 1.19 | 2.15 |
| Feb 9, 2017 | 1.69 | 1.83 |
| Feb 11, 2016 | 1.55 | 1.62 |
| Feb 13, 2015 | 2.60 | 2.42 |
| Feb 18, 2014 | 2.30 | 2.12 |
| Feb 19, 2013 | 3.19 | 1.78 |
| Feb 21, 2012 | 3.17 | 1.73 |
| Feb 28, 2011 | — | 3.10 |
| Feb 25, 2010 | — | — |
| Feb 26, 2009 | — | — |
| Feb 27, 2008 | 2.59 | 2.59 |
| Feb 28, 2007 | — | — |
| Mar 1, 2006 | 1.14 | 1.14 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
Ford Motor Co., P/BV, long-term trends, comparison to industry (consumer discretionary)
| Ford Motor Co. | Consumer Discretionary | |
|---|---|---|
| Feb 6, 2025 | 0.82 | 32.00 |
| Feb 7, 2024 | 1.19 | 10.11 |
| Feb 3, 2023 | 1.22 | 9.55 |
| Feb 4, 2022 | 1.48 | 13.30 |
| Feb 5, 2021 | 1.49 | 18.17 |
| Feb 5, 2020 | 0.99 | 13.59 |
| Feb 21, 2019 | 0.96 | 11.35 |
| Feb 8, 2018 | 1.19 | 10.74 |
| Feb 9, 2017 | 1.69 | 8.39 |
| Feb 11, 2016 | 1.55 | 7.17 |
| Feb 13, 2015 | 2.60 | 5.83 |
| Feb 18, 2014 | 2.30 | 5.12 |
| Feb 19, 2013 | 3.19 | 4.39 |
| Feb 21, 2012 | 3.17 | 3.84 |
| Feb 28, 2011 | — | 4.04 |
| Feb 25, 2010 | — | 4.73 |
| Feb 26, 2009 | — | 4.98 |
| Feb 27, 2008 | 2.59 | 3.91 |
| Feb 28, 2007 | — | 4.50 |
| Mar 1, 2006 | 1.14 | 3.49 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).