General Motors Company (GM) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-268.8%

-$150.69

vs $89.28 price

Levered DCF

$11.45

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

1.2

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	24.42×	8.26×	4.89×	5.45×	8.65×	9.55×	7.92×	5.89×
P/B	1.22×	0.94×	0.76×	0.72×	1.42×	1.33×	1.25×	1.21×
P/S	0.4×	0.32×	0.29×	0.31×	0.67×	0.49×	0.38×	0.32×
EV / EBITDA	9.99×	7.82×	6.59×	6.08×	6.82×	7.74×	7.53×	7.08×
Gross margin	10.9%	17.4%	16.9%	19.6%	20.3%	16.2%	14.1%	14.9%
Operating margin	1.6%	6.8%	5.4%	6.6%	7.3%	5.4%	3.0%	3.3%
Net margin	1.5%	3.2%	5.9%	6.3%	7.9%	5.2%	4.9%	5.5%
Current ratio	1.17×	1.13×	1.08×	1.1×	1.1×	1.01×	0.88×	0.92×
Debt / equity	2.13×	2.07×	1.91×	1.71×	1.85×	2.46×	2.5×	2.7×
Interest coverage	4×	15.11×	10.21×	10.45×	9.81×	6.04×	5.27×	7.46×
Dividend yield	0.9%	1.1%	1.2%	0.8%	0.2%	1.1%	4.5%	4.8%
Payout ratio	24.4%	10.9%	5.9%	4.0%	1.9%	10.4%	34.9%	27.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.4%	9.5%	15.8%	14.7%	16.8%	14.3%	16.1%	20.8%
Return on invested capital	1.2%	4.0%	4.0%	4.1%	3.6%	2.7%	2.0%	2.6%
Return on assets	1.0%	2.1%	3.7%	3.8%	4.1%	2.7%	3.0%	3.6%
Free cash flow yield	14.8%	-10.1%	-7.5%	-10.6%	-8.1%	-6.5%	-17.2%	-21.7%
Earnings yield	3.6%	10.1%	20.7%	20.4%	11.8%	10.8%	12.9%	17.1%
Enterprise value	$184.1B	$170.2B	$152.8B	$145.1B	$175.4B	$150.5B	$137.4B	$131.3B
Net debt / EBITDA	5.93×	5.09×	4.47×	4.04×	3.51×	4.67×	4.67×	4.53×
Cash conversion cycle (days)	5	-1	80	74	71	68	56	47