Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Ford Motor Co., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
The valuation ratios exhibit significant volatility across the observed period, characterized by a shift from low earnings multiples in 2022 to more erratic and generally higher valuations between 2023 and 2025, followed by a notable expansion in book value multiples through 2026.
- Price to Earnings (P/E) Ratio
- A transition is observed from a period of relative stability and low valuation in 2022, where the ratio remained between 4.82 and 5.80, to a phase of high volatility starting in early 2023. The ratio peaked at 16.34 in March 2023 and reached another high of 13.98 in June 2025. Frequent fluctuations are evident, including a sharp contraction to 6.24 in December 2024, suggesting inconsistent market sentiment or significant quarterly earnings variance.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio experienced a sharp initial decline from 17.27 in March 2022 to a low of 5.49 in September 2023. Following this trough, a general upward trajectory emerged, with values climbing back to 15.24 by September 2025. This trend indicates a gradual increase in the premium the market is willing to pay relative to the company's core operating profitability.
- Price to Sales (P/S) Ratio
- A gradual compression is noted in the P/S ratio, which decreased from 0.47 in March 2022 to a minimum of 0.21 in December 2024. While the ratio remained relatively stable throughout 2023 and 2024, a slight recovery occurred in 2025 and 2026, with values fluctuating between 0.24 and 0.35. This suggests a long-term trend of lower revenue valuation compared to the start of the period.
- Price to Book Value (P/BV) Ratio
- The P/BV ratio demonstrates a cyclical pattern, trending downward from 1.31 in March 2022 to a low of 0.82 in December 2024, marking a period where the company traded below its book value. A strong recovery followed in 2025 and 2026, with the ratio peaking at 1.71 in June 2026 before settling at 1.34 in September 2026, indicating a renewed market premium on the company's net assets.
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Price to Earnings (P/E)
Ford Motor Co., historical P/E calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 3,993,217,466 | 3,987,595,667 | 3,984,692,630 | 3,989,475,225 | 3,984,498,566 | 3,979,860,297 | 3,976,548,845 | 3,963,447,704 | 3,974,288,593 | 3,975,249,685 | 3,992,337,157 | 3,973,633,108 | 4,002,954,437 | 4,002,225,602 | 4,000,770,326 | 3,986,181,861 | 4,020,494,099 | 4,020,237,518 | 4,019,765,355 | ||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||
| Net income (loss) attributable to Ford Motor Company (in millions) | 2,049) | (1,327) | 2,548) | (11,064) | 2,447) | (36) | 471) | 1,824) | 892) | 1,831) | 1,332) | (526) | 1,199) | 1,917) | 1,757) | 1,289) | (827) | 667) | (3,110) | ||||||
| Earnings per share (EPS)2 | -1.95 | -1.85 | -1.53 | -2.05 | 1.18 | 0.79 | 1.26 | 1.48 | 0.89 | 0.96 | 0.98 | 1.09 | 1.54 | 1.03 | 0.72 | -0.50 | 2.24 | 2.90 | 2.88 | ||||||
| Share price1, 3 | 12.36 | 15.28 | 12.08 | 13.85 | 13.84 | 11.07 | 10.44 | 9.26 | 10.41 | 11.16 | 13.04 | 12.80 | 9.96 | 13.26 | 11.79 | 13.23 | 13.00 | 14.00 | 14.62 | ||||||
| Valuation Ratio | |||||||||||||||||||||||||
| P/E ratio4 | — | — | — | — | 11.72 | 13.98 | 8.27 | 6.24 | 11.72 | 11.57 | 13.27 | 11.70 | 6.47 | 12.83 | 16.34 | — | 5.80 | 4.82 | 5.08 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||
| General Motors Co. | 16.83 | 37.61 | 29.26 | 24.55 | 12.96 | 7.13 | 5.71 | 6.93 | 5.37 | 4.74 | 4.84 | 4.39 | 3.94 | 5.13 | 4.92 | 6.15 | 6.09 | 6.29 | 6.37 | ||||||
| Tesla Inc. | 460.11 | 331.92 | 363.44 | 412.00 | 293.83 | 167.41 | 132.18 | 181.57 | 64.86 | 54.89 | 37.27 | 40.55 | 62.68 | 70.03 | 43.84 | 43.65 | 59.61 | 88.39 | 123.10 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2026 Calculation
EPS
= (Net income (loss) attributable to Ford Motor CompanyQ3 2026
+ Net income (loss) attributable to Ford Motor CompanyQ2 2026
+ Net income (loss) attributable to Ford Motor CompanyQ1 2026
+ Net income (loss) attributable to Ford Motor CompanyQ4 2025)
÷ No. shares of common stock outstanding
= (2,049,000,000 + -1,327,000,000 + 2,548,000,000 + -11,064,000,000)
÷ 3,993,217,466 = -1.95
3 Closing price as at the filing date of Ford Motor Co. Quarterly or Annual Report.
4 Q3 2026 Calculation
P/E ratio = Share price ÷ EPS
= 12.36 ÷ -1.95 = —
5 Click competitor name to see calculations.
The analysis of valuation metrics reveals a period of significant volatility in earnings performance and market pricing. While share prices experienced a general decline over the first three years of the period, the most critical shift occurred in the earnings per share, which transitioned from positive territory to sustained losses starting in late 2025.
- Share Price Trends
- A general downward trajectory is observed from March 2022, when the price was $14.62, reaching a low of $9.26 by December 2024. A subsequent recovery phase occurred throughout 2025 and 2026, peaking at $15.28 in June 2026, though the price remained subject to frequent fluctuations.
- Earnings per Share (EPS) Performance
- Earnings were robust during the first three quarters of 2022, peaking at $2.90 in June 2022. Following a brief dip into negative territory in December 2022, EPS stabilized between $0.72 and $1.54 from March 2023 through March 2025. However, a severe deterioration in profitability began in December 2025, with EPS falling to -2.05 and remaining negative through September 2026.
- Price-to-Earnings (P/E) Ratio Dynamics
- The P/E ratio exhibited high variance, starting at a low baseline in 2022 (approximately 4.82 to 5.80) before spiking to 16.34 in March 2023. Between 2023 and mid-2025, the ratio fluctuated between a minimum of 6.24 and a maximum of 13.98. For the final four quarters of the analyzed period, the P/E ratio is unavailable, as the transition to negative earnings renders the metric inapplicable for valuation.
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Price to Operating Profit (P/OP)
Ford Motor Co., historical P/OP calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 3,993,217,466 | 3,987,595,667 | 3,984,692,630 | 3,989,475,225 | 3,984,498,566 | 3,979,860,297 | 3,976,548,845 | 3,963,447,704 | 3,974,288,593 | 3,975,249,685 | 3,992,337,157 | 3,973,633,108 | 4,002,954,437 | 4,002,225,602 | 4,000,770,326 | 3,986,181,861 | 4,020,494,099 | 4,020,237,518 | 4,019,765,355 | ||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||
| Operating income (loss) (in millions) | 1,454) | 638) | 2,329) | (11,557) | 1,558) | 511) | 319) | 1,231) | 880) | 1,883) | 1,225) | (245) | 1,129) | 2,461) | 2,113) | 1,561) | 504) | 2,868) | 1,343) | ||||||
| Operating profit per share2 | -1.79 | -1.76 | -1.80 | -2.30 | 0.91 | 0.74 | 1.08 | 1.32 | 0.94 | 1.00 | 1.14 | 1.37 | 1.81 | 1.66 | 1.76 | 1.57 | 1.36 | 1.57 | 0.85 | ||||||
| Share price1, 3 | 12.36 | 15.28 | 12.08 | 13.85 | 13.84 | 11.07 | 10.44 | 9.26 | 10.41 | 11.16 | 13.04 | 12.80 | 9.96 | 13.26 | 11.79 | 13.23 | 13.00 | 14.00 | 14.62 | ||||||
| Valuation Ratio | |||||||||||||||||||||||||
| P/OP ratio4 | — | — | — | — | 15.24 | 14.98 | 9.63 | 7.03 | 11.05 | 11.11 | 11.39 | 9.32 | 5.49 | 7.99 | 6.69 | 8.40 | 9.58 | 8.95 | 17.27 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||
| General Motors Co. | 14.99 | 38.44 | 28.67 | 26.84 | 7.69 | 4.37 | 3.49 | 3.89 | 4.85 | 4.52 | 4.92 | 4.74 | 3.56 | 4.59 | 4.28 | 5.32 | 5.70 | 6.50 | 6.84 | ||||||
| Tesla Inc. | 427.19 | 288.80 | 286.62 | 358.92 | 329.70 | 175.16 | 128.11 | 181.95 | 110.65 | 104.48 | 69.89 | 68.39 | 62.84 | 67.50 | 40.51 | 40.14 | 53.94 | 78.73 | 108.47 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2026 Calculation
Operating profit per share
= (Operating income (loss)Q3 2026
+ Operating income (loss)Q2 2026
+ Operating income (loss)Q1 2026
+ Operating income (loss)Q4 2025)
÷ No. shares of common stock outstanding
= (1,454,000,000 + 638,000,000 + 2,329,000,000 + -11,557,000,000)
÷ 3,993,217,466 = -1.79
3 Closing price as at the filing date of Ford Motor Co. Quarterly or Annual Report.
4 Q3 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 12.36 ÷ -1.79 = —
5 Click competitor name to see calculations.
The financial trajectory from March 2022 to September 2026 is characterized by an initial period of operational growth and valuation compression, followed by a severe transition into operating losses.
- Share Price Movement
- The share price experienced a prolonged decline from a high of 14.62 in March 2022 to a low of 9.26 by December 2024. A recovery phase followed, with the price peaking at 15.28 in June 2026 before retreating to 12.36 by September 2026.
- Operating Profitability Trends
- Operating profit per share showed an upward trend during the first half of the period, rising from 0.85 in March 2022 to a peak of 1.81 in September 2023. A subsequent decline occurred throughout 2024, leading to a critical reversal in December 2025. From that point forward, the company entered a period of sustained operating losses, with values ranging between -1.76 and -2.30 per share through September 2026.
- Price to Operating Profit (P/OP) Interpretation
- The P/OP ratio underwent significant volatility. An initial contraction is observed from March 2022 (17.27) to a low of 5.49 in September 2023, indicating either a decrease in market confidence or a period where profit growth outpaced share price appreciation. From late 2023 through June 2025, the ratio expanded, reaching 15.24. This expansion occurred as operating profits began to decline while the share price stabilized or rose. Because operating profit per share turned negative in late 2025, the P/OP ratio became mathematically inapplicable for the final four quarters of the observed period.
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Price to Sales (P/S)
Ford Motor Co., historical P/S calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 3,993,217,466 | 3,987,595,667 | 3,984,692,630 | 3,989,475,225 | 3,984,498,566 | 3,979,860,297 | 3,976,548,845 | 3,963,447,704 | 3,974,288,593 | 3,975,249,685 | 3,992,337,157 | 3,973,633,108 | 4,002,954,437 | 4,002,225,602 | 4,000,770,326 | 3,986,181,861 | 4,020,494,099 | 4,020,237,518 | 4,019,765,355 | ||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||
| Company revenues excluding Ford Credit (in millions) | 46,082) | 44,891) | 39,819) | 42,446) | 47,185) | 46,943) | 37,422) | 44,936) | 43,069) | 44,811) | 39,890) | 43,213) | 41,176) | 42,427) | 39,085) | 41,745) | 37,205) | 37,934) | 32,195) | ||||||
| Sales per share2 | 43.38 | 43.72 | 44.27 | 43.61 | 44.29 | 43.31 | 42.81 | 43.57 | 43.02 | 42.54 | 41.76 | 41.75 | 41.08 | 40.09 | 38.98 | 37.40 | 35.48 | 34.50 | 31.07 | ||||||
| Share price1, 3 | 12.36 | 15.28 | 12.08 | 13.85 | 13.84 | 11.07 | 10.44 | 9.26 | 10.41 | 11.16 | 13.04 | 12.80 | 9.96 | 13.26 | 11.79 | 13.23 | 13.00 | 14.00 | 14.62 | ||||||
| Valuation Ratio | |||||||||||||||||||||||||
| P/S ratio4 | 0.28 | 0.35 | 0.27 | 0.32 | 0.31 | 0.26 | 0.24 | 0.21 | 0.24 | 0.26 | 0.31 | 0.31 | 0.24 | 0.33 | 0.30 | 0.35 | 0.37 | 0.41 | 0.47 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||
| General Motors Co. | 0.38 | 0.41 | 0.43 | 0.46 | 0.36 | 0.27 | 0.25 | 0.29 | 0.35 | 0.32 | 0.32 | 0.28 | 0.25 | 0.33 | 0.31 | 0.38 | 0.39 | 0.41 | 0.48 | ||||||
| Tesla Inc. | 14.30 | 12.19 | 14.34 | 16.48 | 15.61 | 10.62 | 8.44 | 13.18 | 8.61 | 7.24 | 5.46 | 6.28 | 7.03 | 9.08 | 5.99 | 6.73 | 8.91 | 12.52 | 16.63 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2026 Calculation
Sales per share
= (Company revenues excluding Ford CreditQ3 2026
+ Company revenues excluding Ford CreditQ2 2026
+ Company revenues excluding Ford CreditQ1 2026
+ Company revenues excluding Ford CreditQ4 2025)
÷ No. shares of common stock outstanding
= (46,082,000,000 + 44,891,000,000 + 39,819,000,000 + 42,446,000,000)
÷ 3,993,217,466 = 43.38
3 Closing price as at the filing date of Ford Motor Co. Quarterly or Annual Report.
4 Q3 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= 12.36 ÷ 43.38 = 0.28
5 Click competitor name to see calculations.
An analysis of valuation metrics from March 2022 through September 2026 reveals a sustained period of Price to Sales (P/S) ratio compression, followed by a phase of moderate volatility and stabilization.
- Price to Sales (P/S) Ratio Trends
- The P/S ratio exhibited a consistent downward trajectory from a peak of 0.47 in March 2022 to a cyclical low of 0.21 by December 2024. This decline represents a significant contraction in the market valuation of the revenue stream. A subsequent recovery occurred throughout 2025, with the ratio peaking at 0.32 in December 2025, before adjusting to 0.28 by September 2026.
- Sales per Share Performance
- Revenue efficiency on a per-share basis demonstrated a steady growth trend for the majority of the analyzed period. Sales per share increased from 31.07 US$ in March 2022 to a peak of 44.29 US$ in June 2025. This upward movement indicates a robust increase in top-line performance per share, which persisted even during periods of share price depreciation.
- Share Price Correlation
- The share price displayed significant volatility and a general inverse relationship with sales growth during the first three years. The price declined from 14.62 US$ in March 2022 to a low of 9.26 US$ in December 2024. This simultaneous decrease in share price and increase in sales per share served as the primary driver for the compression of the P/S ratio. A price recovery was observed starting in March 2025, reaching a peak of 15.28 US$ in June 2026, which contributed to the temporary rebound in the valuation ratio.
- Valuation Synthesis
- The divergence between growing sales per share and a fluctuating share price suggests a devaluation of revenue multiples over the observed timeframe. While sales per share grew by approximately 40% between March 2022 and March 2026, the market valuation did not scale proportionally, resulting in a P/S ratio that remained substantially lower than the levels observed at the start of the period.
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Price to Book Value (P/BV)
Ford Motor Co., historical P/BV calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 3,993,217,466 | 3,987,595,667 | 3,984,692,630 | 3,989,475,225 | 3,984,498,566 | 3,979,860,297 | 3,976,548,845 | 3,963,447,704 | 3,974,288,593 | 3,975,249,685 | 3,992,337,157 | 3,973,633,108 | 4,002,954,437 | 4,002,225,602 | 4,000,770,326 | 3,986,181,861 | 4,020,494,099 | 4,020,237,518 | 4,019,765,355 | ||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||
| Equity attributable to Ford Motor Company (in millions) | 36,923) | 35,719) | 37,453) | 35,952) | 47,392) | 45,057) | 44,635) | 44,835) | 44,315) | 43,567) | 42,870) | 42,773) | 44,263) | 43,677) | 42,366) | 43,242) | 42,125) | 44,169) | 44,985) | ||||||
| Book value per share (BVPS)2 | 9.25 | 8.96 | 9.40 | 9.01 | 11.89 | 11.32 | 11.22 | 11.31 | 11.15 | 10.96 | 10.74 | 10.76 | 11.06 | 10.91 | 10.59 | 10.85 | 10.48 | 10.99 | 11.19 | ||||||
| Share price1, 3 | 12.36 | 15.28 | 12.08 | 13.85 | 13.84 | 11.07 | 10.44 | 9.26 | 10.41 | 11.16 | 13.04 | 12.80 | 9.96 | 13.26 | 11.79 | 13.23 | 13.00 | 14.00 | 14.62 | ||||||
| Valuation Ratio | |||||||||||||||||||||||||
| P/BV ratio4 | 1.34 | 1.71 | 1.29 | 1.54 | 1.16 | 0.98 | 0.93 | 0.82 | 0.93 | 1.02 | 1.21 | 1.19 | 0.90 | 1.22 | 1.11 | 1.22 | 1.24 | 1.27 | 1.31 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||
| General Motors Co. | 1.04 | 1.13 | 1.14 | 1.28 | 0.94 | 0.70 | 0.67 | 0.79 | 0.83 | 0.76 | 0.77 | 0.69 | 0.53 | 0.73 | 0.65 | 0.81 | 0.81 | 0.76 | 0.91 | ||||||
| Tesla Inc. | 16.58 | 14.54 | 16.69 | 19.03 | 18.67 | 12.74 | 10.82 | 17.66 | 11.96 | 10.38 | 8.03 | 9.71 | 12.61 | 16.70 | 10.72 | 12.26 | 16.74 | 23.12 | 30.33 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2026 Calculation
BVPS = Equity attributable to Ford Motor Company ÷ No. shares of common stock outstanding
= 36,923,000,000 ÷ 3,993,217,466 = 9.25
3 Closing price as at the filing date of Ford Motor Co. Quarterly or Annual Report.
4 Q3 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= 12.36 ÷ 9.25 = 1.34
5 Click competitor name to see calculations.
The Price to Book Value (P/BV) ratio exhibits significant volatility over the observed period, transitioning through phases of gradual decline, undervaluation relative to book value, and a subsequent sharp increase driven by diverging price and asset trends.
- Share Price Trends
- A general downward trajectory is observed from March 2022, where the price stood at 14.62 US$, reaching a cyclical low of 9.26 US$ by December 2024. A recovery phase followed, with the price peaking at 15.28 US$ in June 2026 before moderating to 12.36 US$ by September 2026.
- Book Value Per Share (BVPS) Dynamics
- The BVPS remained relatively stable between 10.48 US$ and 11.32 US$ from March 2022 through June 2025. However, a notable contraction occurred in December 2025, where the BVPS dropped to 9.01 US$. This lower valuation baseline persisted through September 2026, ending at 9.25 US$, representing a permanent step-down in the accounting value per share compared to the 2022-2024 period.
- P/BV Ratio Analysis
- The P/BV ratio began at 1.31 and experienced a steady decline, frequently dipping below the 1.0 parity mark between September 2023 and June 2025. The lowest valuation occurred in December 2024 at 0.82, indicating a period where the market valued the company below its net asset value. A reversal occurred in 2026, with the ratio climbing to a peak of 1.71 in June 2026. This spike is attributed to the combination of recovering share prices and the simultaneous decline in BVPS, resulting in a higher valuation multiple despite the lower underlying book value.
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