On 12 Nov 2026 our base value for General Motors is $50.84 a share, 41.1% below its $86.25 close; 1 of 2 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | the cash flow statement books the movement in a lending book as operating cash flow, so this is the group's funding position rather than this business's free cash flow, and no DCF can be built on it |
| Exit multiple (P/E) | $86.97 | +0.8% | earnings per share $13.47 valued at 10× (the 10× floor; the stock's own median P/E is 5.2×) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: 'GMNA' matches no business kind in the house table, so it cannot be valued. The rest are not published without it — a sum missing a part reads as a valuation and is simply wrong |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | $14.71 | -82.9% | tangible book $64.00 a share at 0.23× |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $13.47 |
| Year 1 | -0.26% | $13.44 |
| Year 2 | 0.88% | $13.56 |
| Year 3 | 1.62% | $13.78 |
| Year 4 | 2.10% | $14.07 |
| Year 5 | 2.42% | $14.41 |
| Earnings per share in year 5 | $14.41 |
| Exit P/E (the 10× floor; the stock's own median P/E is 5.2×) | 10× |
| Value in 5 years = earnings × P/E | $144.06 |
| Discounted at 10.62% over 5 years: ÷ 1.6564 | $86.97 |
| Shareholders' equity | $61.12bn |
| Less goodwill | $1.90bn |
| Less other intangibles | $2.45bn |
| Tangible equity | $56.77bn |
| Shares | 887.00m |
| Tangible book per share | $64.00 |
| Profit attributable to shareholders | $2.70bn |
| Return on tangible equity = profit ÷ tangible equity | 4.75% |
| Cost of equity (the discount rate) | 10.62% |
| Growth (the terminal rate) | 3% |
| Justified price to tangible book = (4.75% − 3%) ÷ (10.62% − 3%) | 0.23× |
| Value per share = multiple × tangible book per share | $14.71 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Exit multiple (P/E) | $86.97 |
| Tangible book | $14.71 |
($86.97 + $14.71) ÷ 2 = $50.84
Base value $50.84 a share
One-year price simulation: a 10% chance the price is below $54.02 and a 10% chance it is above $145.84 in a year; a 53% chance it is higher than today's $86.25, from 38.55% volatility. The simulation assumes the price drifts up at our discount rate of 10.62% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $78.27 | $47.58 |
| 9 Oct 2026 | $82.73 | $46.99 |
| 16 Oct 2026 | $83.96 | $49.62 |
| 23 Oct 2026 | $75.92 | $50.84 |
| 30 Oct 2026 | $87.40 | $51.42 |
| 6 Nov 2026 | $86.16 | $51.62 |
| 12 Nov 2026 | $86.25 | $50.84 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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