Thus Toyota (TM), in the long run, is likely to do so as well -- it just might take a few years for both market share and the stock to fully recover:
Still, we'd point out that Toyota hits a much lower Price to Book during March 2009, when markets hit their recent lows. While it looks relatively small on the chart shown here, it equates to Toyota ADR shares' 52-week low being near $57, vs. $76 now. Thus while media pessimism may seem substantial, Toyota shares aren't exactly in crisis mode. They might be cheap, but they don't look deeply oversold at all.
Disclosure: No positions