XStocksXray

Research report · 16 October 2026

General Motors Co (GM)

Consumer Discretionary · Automobile Manufacturers · US stock · price as of 16 Oct 2026

Key indicators

Price	$83.96
52-week range	$56.32 – $91.66
Market cap	$76.4B
P/E (trailing)	39.0×
EV / EBITDA	3.7×
Free-cash-flow yield	18.8%
Dividend yield	0.8%
Revenue (last 12 months)	$185.5B
Revenue growth (3y a year)	5.7%
Operating margin	1.0%
Return on invested capital	4.4%
Net debt / EBITDA	–

Fair value

Blended fair value$194.93 range $188 – $202

Versus priceUndervalued+132% to fair value

Peer multiples	$134.97
Fundamentals-adjusted multiple	$203.29
10-year DCF (market-scaled)	$246.53
Earnings power value (floor, not blended)	$116.99
Model uncertainty	Medium

X-Ray Score

50/ 100 · Medium confidence · ahead of 49% of sector peers

Valuation68

Growth36

Profitability33

Financial health54

Dividends62

Five-year price chart navy: price · brown: 200-day average · blue band: fair value range

Executive summary

Cars, trucks and crossovers under the Chevrolet, GMC, Buick and Cadillac brands are designed, built and distributed by General Motors, including electric models. Vehicles reach drivers mainly through independent dealers. The group is organised into North American and international automotive operations, plus a finance arm, GM Financial, that provides loans and leases to its customers.

Revenue comes mainly from vehicle deliveries to dealers, plus financing income and parts and services. It was $185.5 billion over the last twelve months, with growth of 5.7% a year across the last three years. The operating margin is 1.0%, and the business earns a profit of 4% on the capital invested in it. A dividend is paid, with a yield of 0.8%.

StocksXray gives General Motors Co an X-Ray Score of 50 out of 100 (medium confidence), ahead of 49% of the S&P 500 stocks in its sector. Its strongest lens is valuation (68) and its weakest is profitability (33).

Our fair value blend is $194.93 (range $188.20 to $201.66). At $83.96 the stock trades 57% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.

XStocksXray

General Motors Co (GM)

Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months

	FY2021	FY2022	FY2023	FY2024	FY2025	Now
Price	$56.20	$32.39	$34.95	$52.38	$80.79	$83.96
Market cap	$82.5B	$47.1B	$47.8B	$59.1B	$78.6B	$76.4B
P/E	8.4×	5.3×	4.8×	8.2×	24.7×	39.0×
EV / revenue	0.5×	0.1×	0.1×	0.2×	0.3×	0.3×
EV / EBITDA	2.8×	0.9×	1.2×	1.4×	3.6×	3.8×
Price / free cash flow	10.7×	6.9×	4.8×	6.4×	4.5×	5.3×
Free-cash-flow yield	9.3%	14.4%	20.8%	15.7%	22.3%	18.8%
Price / book	1.4×	0.7×	0.7×	0.9×	1.3×	1.2×
Dividend yield	–	0.56%	1.03%	0.92%	0.71%	0.82%

Fundamentals checklist ● 5 Good · ● 4 Average · ● 5 Bad · each check graded against the sector

Cash quality

Earnings backed by cash−7.5%Good

Free-cash-flow yield18.8%Good

Risk models

Altman Z score1.3×Average

Piotroski F-Score6 of 9Average

Growth

EPS growth (3y)−18.9%Bad

Free-cash-flow growth (3y)37.2%Good

Revenue growth (3y)5.7%Average

Growth consistency60%Bad

Balance sheet

Current ratio1.1×Average

Interest coverno interest costGood

Valuation

Fair value vs price2.3×Good

EBIT / EV yield3.4%Bad

Profitability

Return on invested capital4.4%Bad

Operating margin1.0%Bad

XStocksXray

General Motors Co (GM)

Financials US$ millions, from SEC filings; last column is the last twelve months

Income statement	FY21	FY22	FY23	FY24	FY25	LTM
Revenue	127,004	156,735	171,842	187,442	185,019	185,528
Gross profit	26,460	–	–	–	–	–
Operating income	9,324	10,315	9,298	12,784	2,909	1,815
Net income	9,945	9,708	9,840	5,963	2,780	2,032
Diluted EPS ($)	6.70	6.13	7.32	6.37	3.27	2.15
Free cash flow	7,679	6,805	9,960	9,299	17,564	14,398
Gross margin	20.8%	–	–	–	–	–
Operating margin	7.3%	6.6%	5.4%	6.8%	1.6%	1.0%
Net margin	7.8%	6.2%	5.7%	3.2%	1.5%	1.1%
Balance sheet	FY21	FY22	FY23	FY24	FY25	LTM
Total assets	244,718	264,037	273,064	279,761	281,284	282,742
Cash	20,067	19,153	18,853	19,872	20,945	20,134
Total debt	–	–	–	–	–	–
Equity	59,744	67,792	64,286	63,072	61,119	62,000
Dividend per share ($)	–	0.18	0.36	0.48	0.57	0.66

Revenue and net income US$ billions: navy revenue, teal net income

Margins blue gross, teal operating, brown net

Latest quarters

	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue ($M)	44,020	47,122	48,591	45,287	43,624	48,026
Growth vs a year earlier	+2.3%	−1.8%	−0.3%	−5.1%	−0.9%	+1.9%
Net income ($M)	2,784	1,895	1,327	-3,227	2,627	1,305
Diluted EPS ($)	3.35	1.91	1.35	–	2.82	1.41

XStocksXray

General Motors Co (GM)

Peers in Automobile Manufacturers

Company	X-Ray
GM · General Motors Co	50
F · Ford Motor Co	40
TSLA · Tesla, Inc.	28

Market Compass outlook for Consumer Discretionary: Neutral (53/100). It blends regime history, macro sensitivity, momentum and valuation.

Returns

1 week	+1.5%
1 month	−3.1%
3 months	+11.0%
6 months	+3.7%
1 year	+46.5%
3 years	+179.3%
5 years	+49.6%

Technical summary

DailyBullish10 bullish · 1 neutral · 5 bearish

WeeklyStrongly bullish10 bullish · 1 neutral · 1 bearish

MonthlyStrongly bullish7 bullish · 1 neutral · 0 bearish

50-day / 200-day average	$84.28 / $80.41
52-week low / high	$56.32 / $91.66
Classic pivot, support and resistance	S2 82.05 · S1 83.00 · P – · R1 85.35 · R2 86.75

Recent dividends

Ex-dividend date	Amount per share
4 Sep 2026	$0.1800
5 Jun 2026	$0.1800
6 Mar 2026	$0.1800
5 Dec 2025	$0.1500
5 Sep 2025	$0.1500
6 Jun 2025	$0.1500

XStocksXray

General Motors Co (GM)

Strengths

Free-cash-flow yield of 18.8% is ahead of 94% of its sector peers.
Interest cover of no interest cost is ahead of 76% of its sector peers.
Piotroski F-Score of 6 out of 9: most of the nine accounting health tests pass.

Risks and weak spots

EPS growth (3y) is weak against Consumer Discretionary peers (−18.9%).
Growth consistency is weak against Consumer Discretionary peers (60%).
EBIT / EV yield is weak against Consumer Discretionary peers (3.4%).
Return on invested capital is weak against Consumer Discretionary peers (4.4%).
Operating margin is weak against Consumer Discretionary peers (1.0%).
The Altman Z score of 1.3× is in the distress zone.

Latest SEC filings

Date	Form	Items
11 Aug 2026	8-K	1.01,2.03,8.01,9.01
21 Jul 2026	10-Q
21 Jul 2026	8-K	2.02,9.01
4 Jun 2026	8-K	5.02,5.07,9.01
26 May 2026	8-K	5.02
28 Apr 2026	10-Q
28 Apr 2026	8-K	2.02,9.01
20 Apr 2026	DEF 14A

How to read this report

Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.