Eicher Motors vs Force Motors vs JBM Auto: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Eicher Motors PE 35.33, mkt cap Rs 2,03,970 crore. Force Motors PE 18.20, mkt cap Rs 22,788 crore. JBM Auto PE 57.63, mkt cap Rs 14,024 crore.
Quick Answer
Eicher Motors vs Force Motors vs JBM Auto is a side-by-side comparison of three companies from the Commercial Vehicles and Utility Auto space. On this comparison, Eicher Motors carries a market capitalisation of about Rs 2,03,970 crore against Rs 22,788 crore for Force Motors and Rs 14,024 crore for JBM Auto, with return on equity of 21.97%, 25.19% and 14.22% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Eicher Motors vs Force Motors vs JBM Auto starts with the core numbers most investors compare within the Commercial Vehicles and Utility Auto segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Commercial Vehicles and Utility Auto bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Eicher Motors, Force Motors and JBM Auto: Company Overview
Eicher Motors is a listed Indian company in the Commercial Vehicles and Utility Auto space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Force Motors is a listed Indian company in the Commercial Vehicles and Utility Auto space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
JBM Auto is a listed Indian company in the Commercial Vehicles and Utility Auto space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Eicher Motors vs Force Motors vs JBM Auto: Valuation and Profitability Snapshot
| Metric | Eicher Motors | Force Motors | JBM Auto |
|---|---|---|---|
| Market Cap (approx.) | Rs 2,03,970 crore | Rs 22,788 crore | Rs 14,024 crore |
| PE Ratio (TTM) | 35.33 | 18.20 | 57.63 |
| PB Ratio | 8.13 | 5.43 | 9.12 |
| Return on Equity (ROE) | 21.97% | 25.19% | 14.22% |
| EPS (TTM, Rs) | 210.28 | 950.18 | 10.29 |
| Dividend Yield | 1.10% | 0.29% | 0.14% |
| Debt to Equity | 0.02 | 0.00 | 1.97 |
| Book Value per Share (Rs) | 914.32 | 3183.26 | 65.04 |
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On valuation, Eicher Motors trades at a PE of 35.33 and a PB of 8.13, Force Motors at a PE of 18.20 and a PB of 5.43, while JBM Auto trades at a PE of 57.63 and a PB of 9.12. On return on equity, the three post 21.97%, 25.19% and 14.22% respectively, and on dividend yield they stand at 1.10%, 0.29% and 0.14%.
Eicher Motors vs Force Motors vs JBM Auto: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Eicher Motors | Rs 7,098.73 crore | Rs 1,462.51 crore | +29.4% | +10.4% |
| Force Motors | Rs 2,478.11 crore | Rs 216.59 crore | +6.7% | -4.1% |
| JBM Auto | Rs 1,473.94 crore | Rs 44.26 crore | +13.9% | -21.7% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three commercial vehicles and utility auto names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Eicher Motors vs Force Motors vs JBM Auto highlights how differently three companies in the same commercial vehicles and utility auto segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Eicher Motors vs Force Motors vs JBM Auto
What is the market cap difference between Eicher Motors, Force Motors and JBM Auto?
Ans. As of September 2026, Eicher Motors has a market cap of approximately Rs 2,03,970 crore, Force Motors is at approximately Rs 22,788 crore, and JBM Auto is at approximately Rs 14,024 crore.
Which of the three has the highest PE ratio?
Ans. Among Eicher Motors, Force Motors and JBM Auto, the PE ratios stand at 35.33, 18.20 and 57.63 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Eicher Motors, Force Motors and JBM Auto post ROE of 21.97%, 25.19% and 14.22% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Eicher Motors, Force Motors and JBM Auto carry dividend yields of 1.10%, 0.29% and 0.14% respectively.
What is the debt to equity ratio for Eicher Motors, Force Motors and JBM Auto?
Ans. Eicher Motors carries a debt to equity of 0.02, Force Motors of 0.00, and JBM Auto of 1.97.
Which of the three trades at the highest price to book value?
Ans. Eicher Motors, Force Motors and JBM Auto trade at price to book ratios of 8.13, 5.43 and 9.12 respectively.
Is one of Eicher Motors, Force Motors or JBM Auto better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
