## F (Ford Motor Company) — PE Stream Chart Analysis **Current Valuation Positioning** As of the latest data point (mid-March 2026), Ford's monthly average price stands at approximately **$11.78**, while the PE stream boundaries for the most recent comparable quarter (Q3'25) are: 3.1x at ~$3.62, 6.5x at ~$7.74, 10.0x at ~$11.85, 13.5x at ~$15.96, 17.0x at ~$20.08, and 20.4x at ~$24.18. The current price of $11.78 sits just **below the 10.0x PE boundary (~$11.85)**, placing it in the **Fair (合理) zone** — between the 6.5x and 10.0x PE interval. This suggests the stock is trading near the lower boundary of fair valuation, approaching the upper edge of the **Value zone**, indicating a relatively attractive entry point from a historical PE perspective without being deeply discounted. **Historical Valuation Trend** From Q1'21 through early 2022, Ford's stock price climbed sharply — peaking near **$17.01 in early 2022** — pushing well into the **Watch (觀望) to Overvalued (高估) zone**, trading between the 13.5x and 17.0x PE interval. This period coincided with a dramatic spike in the PE stream boundaries themselves (e.g., the 10.0x boundary surged to ~$44.99 in Q4'21), reflecting a sharp but temporary earnings surge that distorted the river chart. Following that peak, prices corrected significantly through 2022, falling back toward the **Value zone** (between 3.1x and 6.5x interval) by mid-to-late 2022, with prices dipping to the $9–$10 range. Throughout 2023 and 2024, the stock largely consolidated in the **Fair zone**, oscillating between the 6.5x and 10.0x PE interval, with occasional brief dips toward the Value zone. The PE stream boundaries have gradually normalized and contracted since the 2021–2022 earnings spike, suggesting earnings have stabilized at a lower but more sustainable level. The overall river chart trend has been **moderately declining then stabilizing**, consistent with a mature, cyclical automaker with relatively steady but unspectacular earnings — making Ford more suitable for dividend-focused, income-oriented investors rather than growth-oriented strategies.