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).
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
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Historical Valuation Ratios (Summary)
Ford Motor Co., historical price multiples (quarterly data)
Based on: 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 metrics exhibit significant volatility and a general pattern of multiple compression between 2022 and 2024, followed by a period of recovery and expansion throughout 2025. A general trend of declining valuation relative to sales and book value is evident during the initial three years, though these metrics rebounded toward the end of the analyzed period.
- Price to Earnings (P/E)
- The P/E ratio demonstrates substantial fluctuations. After starting at a low of 5.08 in March 2022, the ratio peaked at 16.34 in March 2023. This was followed by a period of instability, including a sharp decline to 6.47 in September 2023 and another drop to 6.24 by December 2024. A recovery phase emerged in 2025, with the ratio climbing to 13.98 in June 2025 before settling at 11.72 in September 2025.
- Price to Operating Profit (P/OP)
- A U-shaped trend is observable in the P/OP ratio. The ratio began at 17.27 in March 2022, declined steadily to a low of 5.49 in September 2023, and then experienced a gradual ascent. By the second half of 2025, the ratio returned to elevated levels, reaching 14.98 in June and peaking at 15.24 in September 2025.
- Price to Sales (P/S)
- The P/S ratio shows a consistent downward trajectory for the majority of the period. From an initial 0.47 in March 2022, the ratio decreased to a minimum of 0.21 in December 2024. A slight reversal occurred in 2025, with the ratio increasing to 0.32 by December 2025, before ending at 0.27 in March 2026.
- Price to Book Value (P/BV)
- The P/BV ratio reflects a period of devaluation relative to equity. The ratio trended downward from 1.31 in March 2022, eventually falling below 1.0 to a low of 0.82 in December 2024, indicating the market valued the company below its book value. However, a strong recovery is noted in 2025, peaking at 1.54 in December 2025 before moderating to 1.29 in March 2026.
Price to Earnings (P/E)
Ford Motor Co., historical P/E calculation (quarterly data)
| 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 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Net income (loss) attributable to Ford Motor Company (in millions) | |||||||||||||||||||||||
| Earnings per share (EPS)2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/E ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||
| General Motors Co. | |||||||||||||||||||||||
| Tesla Inc. | |||||||||||||||||||||||
Based on: 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 Q1 2026 Calculation
EPS
= (Net income (loss) attributable to Ford Motor CompanyQ1 2026
+ Net income (loss) attributable to Ford Motor CompanyQ4 2025
+ Net income (loss) attributable to Ford Motor CompanyQ3 2025
+ Net income (loss) attributable to Ford Motor CompanyQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Ford Motor Co. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The analysis of valuation metrics reveals a period of significant volatility in earnings per share (EPS) and corresponding fluctuations in the price-to-earnings (P/E) ratio between March 2022 and March 2026.
- Share Price Movement
- The share price experienced a general decline from a high of $14.62 in March 2022 to a low of $9.26 in December 2024. A partial recovery occurred throughout 2025, peaking at $13.85 in December 2025, before retreating to $12.08 by March 2026.
- Earnings Per Share (EPS) Volatility
- Earnings exhibited extreme instability over the period. Initial strong performance in early 2022 was followed by a deficit of -$0.50 in December 2022. While a recovery period was maintained from March 2023 through March 2025, a severe downturn occurred in the final quarters, with EPS falling to -$2.05 in September 2025 and -$1.53 in March 2026.
- Price-to-Earnings (P/E) Ratio Trends
- The P/E ratio transitioned from a low valuation range of approximately 4.82 to 5.80 in 2022 to a more expanded range in 2023 and 2024, reaching a peak of 16.34 in March 2023. The ratio remained inconsistent, fluctuating between 6.24 and 13.98 until September 2025. The absence of P/E ratios in the final two quarters is attributable to the shift into negative earnings territory, which renders the standard P/E calculation inapplicable.
Price to Operating Profit (P/OP)
Ford Motor Co., historical P/OP calculation (quarterly data)
| Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Operating income (loss) (in millions) | |||||||||||||||||||||||
| Operating profit per share2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/OP ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||
| General Motors Co. | |||||||||||||||||||||||
| Tesla Inc. | |||||||||||||||||||||||
Based on: 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 Q1 2026 Calculation
Operating profit per share
= (Operating income (loss)Q1 2026
+ Operating income (loss)Q4 2025
+ Operating income (loss)Q3 2025
+ Operating income (loss)Q2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Ford Motor Co. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The financial data reveals a volatile relationship between share price and operating performance over the period from March 2022 to March 2026. An overall trend of declining operational efficiency is observed, particularly in the final stages of the period, which coincides with fluctuations in market valuation.
- Share Price Trends
- The share price experienced a general downward trajectory from a peak of 14.62 USD in March 2022 to a low of 9.26 USD by December 2024. A recovery phase followed in 2025, with the price returning to 13.85 USD by December 2025, before retreating to 12.08 USD in March 2026.
- Operating Profit per Share Performance
- Operating profit per share showed an initial growth phase, rising from 0.85 USD in March 2022 to a peak of 1.81 USD in September 2023. Following this peak, a steady decline was observed throughout 2024. A severe deterioration occurred in late 2025 and early 2026, with the profit per share turning negative, reaching -2.30 USD in December 2025 and -1.80 USD in March 2026.
- Price to Operating Profit (P/OP) Analysis
- The P/OP ratio began at a high of 17.27 in March 2022, followed by a period of compression where it largely fluctuated between 5.49 and 11.39 through December 2024. In 2025, the ratio increased significantly, reaching 15.24 by September 2025. The ratio becomes non-calculable for the final two quarters of the period due to the transition of operating profit into negative territory.
The divergence between the rising share price in 2025 and the simultaneously declining operating profit per share suggests a decoupling of market valuation from immediate operational earnings during that window. The eventual collapse of operating profits into negative values represents a significant shift in the company's financial profile by the end of the analyzed period.
Price to Sales (P/S)
Ford Motor Co., historical P/S calculation (quarterly data)
| 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 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Company revenues excluding Ford Credit (in millions) | |||||||||||||||||||||||
| Sales per share2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/S ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||
| General Motors Co. | |||||||||||||||||||||||
| Tesla Inc. | |||||||||||||||||||||||
Based on: 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 Q1 2026 Calculation
Sales per share
= (Company revenues excluding Ford CreditQ1 2026
+ Company revenues excluding Ford CreditQ4 2025
+ Company revenues excluding Ford CreditQ3 2025
+ Company revenues excluding Ford CreditQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Ford Motor Co. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
An analysis of the valuation metrics reveals a distinct divergence between revenue growth and market valuation over the observed period. While sales per share exhibited a consistent upward trajectory, the price-to-sales (P/S) ratio experienced a general decline, suggesting that the market's valuation of each dollar of revenue decreased despite increasing sales performance.
- Sales per Share Trends
- Sales per share grew steadily from 31.07 USD in March 2022 to 44.27 USD by March 2026. This represents a consistent expansion in revenue generation on a per-share basis, with only a marginal contraction occurring in the first quarter of 2025.
- Share Price Volatility
- The share price demonstrated significant volatility and a general downward trend for the first half of the period, falling from a peak of 14.62 USD in March 2022 to a low of 9.26 USD in December 2024. A subsequent recovery was observed throughout 2025, reaching 13.85 USD in December 2025 before settling at 12.08 USD in March 2026.
- Price-to-Sales (P/S) Ratio Compression
- The P/S ratio underwent a prolonged compression, starting at 0.47 in March 2022 and reaching a minimum of 0.21 in December 2024. This compression indicates that the share price declined more rapidly than the growth in sales per share. Although a moderate recovery in the ratio occurred between January 2025 and December 2025, peaking at 0.32, the ratio remained significantly below its initial 2022 levels, ending the period at 0.27.
Price to Book Value (P/BV)
Ford Motor Co., historical P/BV calculation (quarterly data)
| 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 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Equity attributable to Ford Motor Company (in millions) | |||||||||||||||||||||||
| Book value per share (BVPS)2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/BV ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||
| General Motors Co. | |||||||||||||||||||||||
| Tesla Inc. | |||||||||||||||||||||||
Based on: 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 Q1 2026 Calculation
BVPS = Equity attributable to Ford Motor Company ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Ford Motor Co. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The Price to Book Value (P/BV) ratio exhibits significant volatility over the analyzed period, transitioning from a valuation premium to trading below book value, and eventually reaching a period peak before moderate correction. The ratio fluctuated from a high of 1.54 to a low of 0.82, reflecting shifting market perceptions of the asset base relative to the equity market price.
- Share Price Trajectory
- A general downward trend is observed from March 2022, where the price stood at 14.62, reaching a trough of 9.26 by December 2024. A recovery phase followed throughout 2025, with the price peaking at 13.85 in December 2025, before declining to 12.08 by March 2026.
- Book Value per Share (BVPS) Stability and Shift
- The book value per share remained relatively stable between 10.48 and 11.89 for the majority of the period. However, a notable contraction occurred in December 2025, where BVPS dropped sharply to 9.01. A slight recovery to 9.40 was recorded by the end of the period in March 2026.
- P/BV Ratio Analysis
- The P/BV ratio remained above 1.0 for the initial year, indicating the market valued the company above its accounting book value. A shift occurred in September 2023 when the ratio first dropped below 1.0 (0.90). This trend persisted through much of 2024, reaching a minimum of 0.82 in December 2024, suggesting a period of undervaluation or market skepticism regarding the company's assets.
- Valuation Divergence in late 2025
- A significant divergence is observed in December 2025, where the P/BV ratio spiked to its maximum value of 1.54. This peak was driven by the simultaneous occurrence of a share price recovery to 13.85 and a sharp decline in book value per share to 9.01. This represents the highest valuation premium relative to book value in the analyzed timeframe.