Hagar hf (OISE:HAGA) Cyclically Adjusted Book per Share: kr28.79 (As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OISE:HAGA Hagar hf OISE:HAGA
82 GF Score
Price kr122.50
GF Value kr88.70
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Hagar hf Cyclically Adjusted Book per Share?

Hagar hf OISE:HAGA -0.41% 82 Cyclically Adjusted Book per Share is kr28.79 as of Feb. 2026. GuruFocus rates OISE:HAGA with a GF Score™ of 82/100 and a GF Value™ of kr88.70 (Significantly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Hagar hf's adjusted book value per share for the three months ended in Feb. 2026 was kr39.330. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is kr28.79 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Hagar hf's average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Hagar hf was 15.60% per year. The lowest was 11.00% per year. And the median was 13.30% per year.

As of today (2026-08-29), Hagar hf's current stock price is kr122.50. Hagar hf's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was kr28.79. Hagar hf's Cyclically Adjusted PB Ratio of today is 4.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hagar hf was 4.72. The lowest was 2.89. And the median was 3.84.


Hagar hf  (OISE:HAGA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Hagar hf's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=122.50/28.79
=4.25

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hagar hf was 4.72. The lowest was 2.89. And the median was 3.84.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Hagar hf Cyclically Adjusted Book per Share Related Terms


Hagar hf Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Hagar hf's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hagar hf Cyclically Adjusted Book per Share Chart

Hagar hf Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.70 21.06 23.60 25.73 28.79

Hagar hf Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.73 26.51 27.21 27.67 28.79

OISE:HAGA vs KR, SFM, ACI: Cyclically Adjusted Book per Share Comparison

For the Grocery Stores subindustry, Hagar hf's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hagar hf Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Hagar hf's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hagar hf's Cyclically Adjusted PB Ratio falls into.


OISE:HAGA
82GF Score
Hagar hf OISE:HAGA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hagar hf Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Hagar hf's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book= Book Value per Share /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=39.33/157.5800*157.5800
=39.330

Current CPI (Feb. 2026) = 157.5800.

Hagar hf Quarterly Data

Book Value per Share CPI Adj_Book
201605 14.775 101.735 22.885
201608 14.343 101.967 22.166
201611 14.234 102.418 21.900
201702 15.101 102.710 23.168
201705 15.839 103.495 24.116
201708 16.905 103.736 25.680
201711 16.691 104.193 25.243
201802 16.280 105.008 24.431
201805 16.940 105.560 25.288
201808 15.057 106.454 22.288
201811 19.560 107.598 28.646
201902 20.016 108.138 29.168
201905 20.108 109.349 28.977
201908 19.628 109.824 28.163
201911 20.347 110.455 29.028
202002 20.678 110.775 29.415
202005 20.246 112.166 28.443
202008 21.797 113.336 30.306
202011 21.754 114.313 29.988
202102 21.621 115.264 29.559
202105 22.237 117.151 29.911
202108 23.147 118.177 30.865
202111 23.448 119.850 30.830
202202 23.460 122.396 30.204
202205 24.311 126.042 30.394
202208 24.018 129.682 29.185
202211 24.437 131.036 29.387
202302 23.471 134.876 27.422
202305 23.448 137.975 26.780
202308 23.135 139.661 26.103
202311 24.898 141.534 27.721
202402 26.703 143.773 29.267
202405 26.780 146.546 28.796
202408 26.083 148.075 27.757
202411 27.014 148.291 28.706
202502 35.073 149.832 36.887
202505 36.151 152.082 37.458
202508 35.932 153.640 36.853
202511 37.898 153.770 38.837
202602 39.330 157.580 39.330

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of kr28.79 mean?
Hagar hf (OISE:HAGA) has a Cyclically Adjusted Book per Share of kr28.79 as of Feb. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Hagar hf and its competitors.
Is Hagar hf's Cyclically Adjusted Book per Share too high?
Hagar hf's current Cyclically Adjusted Book per Share is kr28.79. Overall, Hagar hf has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hagar hf's Cyclically Adjusted Book per Share compare to KR and SFM?
Hagar hf's Cyclically Adjusted Book per Share of kr28.79 can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Retail - Defensive company?
A good Cyclically Adjusted Book per Share depends on the Retail - Defensive industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Hagar hf and its competitors. Hagar hf's current Cyclically Adjusted Book per Share is kr28.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hagar hf stock overvalued right now?
Based on GuruFocus' analysis, Hagar hf (OISE:HAGA) is currently considered Significantly Overvalued. The stock's GF Value™ is kr88.70, compared to a current price of kr122.50 — trading 38.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is kr28.79. Hagar hf's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Hagar hf (OISE:HAGA), the current Cyclically Adjusted Book per Share is kr28.79 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hagar hf (OISE:HAGA) Overvalued in 2026?

Based on GuruFocus' analysis, Hagar hf stock appears to be overvalued. The current stock price of kr122.50 is trading 38.1% above its estimated GF Value™ of kr88.70. GuruFocus considers Hagar hf to be Significantly Overvalued.

Key valuation signals for OISE:HAGA:

  • Cyclically Adjusted Book per Share: kr28.79
  • GF Value™: kr88.70 vs. price of kr122.50 (38.1% above fair value)
  • GF Score™: 82/100 with 6 warning signs

No single metric tells the full story. See the OISE:HAGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hagar hf Business Description

Other Exchanges 0Q52:UK
Address Holtavegur 10, Holtagaroam, Reykjavik, ISL, 104
Hagar hf is a retail company with operations in Iceland, the Faroe Islands, and the Netherlands, mainly in the grocery and fuel markets. It operates grocery stores, Olis service stations, OB stations, warehouses, one production facility, one online store with packaged food, one supply store, and one specialty store. The group's core business in Iceland is in the grocery and related warehouse sectors, as well as fuel sales. In the Faroe Islands, it operates the SMS retail company, which operates, among other things, various grocery stores, restaurants, and specialty stores. In the Netherlands, Hagar operates one online store with alcohol. The group's operating segments are stores and warehouses in Iceland, which generate maximum revenue, stores and warehouses in the Faroe Islands, and Olis.
82GF Score

Get the complete analysis for OISE:HAGA

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr122.50
Price
kr88.70
GF Value