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 11, 2026 | 1.54 | = | 13.85 | ÷ | 9.01 | 9.01 | = | 35,952 | ÷ | 3,989,475,225 | |
| 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: 2025-12-31), 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.
The price-to-book value (P/BV) ratio exhibits considerable fluctuation over the observed period, spanning from 2006 to 2026. Initial values suggest a moderate valuation, followed by periods of significant volatility and eventual stabilization.
- Initial Period (2006-2008)
- The P/BV ratio began at 1.14 in 2006, decreased to 2.59 in 2008. This initial period indicates a relatively stable, though increasing, valuation of the company’s stock relative to its book value. A notable increase occurred between 2006 and 2008.
- Period of Distress (2009-2011)
- The years 2009 through 2011 are characterized by missing P/BV values, coinciding with negative book values per share. This suggests a period of substantial financial difficulty where traditional valuation metrics become less meaningful. The negative book values indicate a significant erosion of equity.
- Recovery and Stabilization (2012-2015)
- From 2012 onward, the P/BV ratio demonstrates a recovery, moving from 3.17 to 2.60, then to 1.55. This period reflects a gradual improvement in financial health and investor confidence. The ratio peaked in 2012 and 2013 before declining slightly.
- Recent Trends (2016-2026)
- The P/BV ratio fluctuated between 1.19 and 1.69 from 2016 to 2019, indicating a period of relative stability around a value of 1. The ratio experienced a slight increase to 1.49 in 2021, followed by a decrease to 1.22 in 2023. The most recent values, in 2024, 2025 and 2026, show a decline to 0.82, then a rebound to 1.54. This suggests a recent period of increased volatility and a potential re-evaluation of the company’s worth relative to its book value.
Overall, the P/BV ratio demonstrates a cyclical pattern, influenced by periods of financial distress and subsequent recovery. The recent fluctuations suggest ongoing market adjustments and potential shifts in investor sentiment.
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Comparison to Competitors
Ford Motor Co., P/BV, long-term trends, comparison to competitors
| Ford Motor Co. | General Motors Co. | Tesla Inc. | |
|---|---|---|---|
| Feb 11, 2026 | 1.54 | 1.28 | 19.03 |
| 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: 2025-12-31), 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 11, 2026 | 1.54 | 9.47 |
| 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: 2025-12-31), 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 11, 2026 | 1.54 | 20.27 |
| Feb 6, 2025 | 0.82 | 31.67 |
| Feb 7, 2024 | 1.19 | 10.06 |
| Feb 3, 2023 | 1.22 | 9.41 |
| Feb 4, 2022 | 1.48 | 13.21 |
| Feb 5, 2021 | 1.49 | 17.99 |
| 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 | — | 4.72 |
| 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: 2025-12-31), 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).