AFGYF (H-Power) Cyclically Adjusted PB Ratio: 3.15 (As of Jul. 09, 2026) — 17% Below Median


AFGYF H-Power PLC AFGYF
34 GF Score
Price $0.16
! 4 Warning Signs
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What is H-Power Cyclically Adjusted PB Ratio?

H-Power AFGYF +6.78% 34 Cyclically Adjusted PB Ratio is 3.15 as of Jul. 09, 2026, which is 17% below its 10-year median of 3.78. GuruFocus rates AFGYF with a GF Score™ of 34/100. The stock has 4 warning signs investors should review. Among 2,295 Industrial Products companies, H-Power ranks worse than 57.56% on this metric.

As of today (2026-07-09), H-Power's current share price is $0.1575. H-Power's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct25 was $0.05. H-Power's Cyclically Adjusted PB Ratio for today is 3.15.

The historical rank and industry rank for H-Power's Cyclically Adjusted PB Ratio or its related term are showing as below:

AFGYF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 3.78   Max: 20.88
Current: 2.89

During the past 13 years, H-Power's highest Cyclically Adjusted PB Ratio was 20.88. The lowest was 0.77. And the median was 3.78.

AFGYF's Cyclically Adjusted PB Ratio is ranked worse than
57.56% of 2295 companies
in the Industrial Products industry
Industry Median: 2.29 vs AFGYF: 2.89

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.

H-Power's adjusted book value per share data of for the fiscal year that ended in Oct25 was $0.043. 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 $0.05 for the trailing ten years ended in Oct25.

Shiller PE for Stocks: The True Measure of Stock Valuation


H-Power  (OTCPK:AFGYF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


H-Power Cyclically Adjusted PB Ratio Related Terms


H-Power Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for H-Power's Cyclically Adjusted PB Ratio 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.

H-Power Cyclically Adjusted PB Ratio Chart

H-Power Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.61 5.49 3.31 2.05 2.03

H-Power Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Cyclically Adjusted PB Ratio 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 0.00 2.05 0.00 2.03 0.00

AFGYF vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, H-Power'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.


H-Power Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, H-Power's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where H-Power's Cyclically Adjusted PB Ratio falls into.


AFGYF
34GF Score
H-Power PLC AFGYF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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H-Power Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

H-Power's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.1575/0.05
=3.15

* 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.

H-Power's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct25 is calculated as:

For example, H-Power's adjusted Book Value per Share data for the fiscal year that ended in Oct25 was:

Adj_Book=Book Value per Share/CPI of Oct25 (Change)*Current CPI (Oct25)
=0.043/139.5000*139.5000
=0.043

Current CPI (Oct25) = 139.5000.

H-Power Annual Data

Book Value per Share CPI Adj_Book
201610 0.019 101.600 0.026
201710 0.028 104.400 0.037
201810 0.014 106.700 0.018
201910 0.008 108.300 0.010
202010 0.063 109.200 0.080
202110 0.112 113.400 0.138
202210 0.071 124.300 0.080
202310 0.051 130.200 0.055
202410 0.046 134.300 0.048
202510 0.043 139.500 0.043

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

What does a Cyclically Adjusted PB Ratio of 3.15 mean?
H-Power (AFGYF) has a Cyclically Adjusted PB Ratio of 3.15 as of Jul. 09, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on H-Power and its competitors. This is 17% below median its historical median of 3.78. Over the past decade, H-Power's Cyclically Adjusted PB Ratio has ranged from 0.77 to 20.88. According to the industry distribution chart, H-Power ranks #1321 out of 2295 companies in the Industrial Products industry, placing it in the top 57.6%.
Is H-Power's Cyclically Adjusted PB Ratio too high?
H-Power's current Cyclically Adjusted PB Ratio of 3.15 is 17% below median its 10-year median of 3.78. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 20.88. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.29. H-Power's value of 3.15 is 37.6% above this industry median. Based on the distribution chart, H-Power ranks #1321 out of 2295 companies in the Industrial Products industry, which is below the industry midpoint. Overall, H-Power has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does H-Power's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, H-Power ranks #1321 out of 2295 companies for Cyclically Adjusted PB Ratio. This places H-Power in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.29. H-Power's value of 3.15 is 37.6% above this benchmark. Historically, H-Power's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 20.88 over the past decade. While the company's 10-year median is 3.78 vs. the industry median of 2.29, H-Power has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.29, based on 2,295 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. H-Power's current Cyclically Adjusted PB Ratio of 3.15 is 37.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on H-Power and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H-Power's current Cyclically Adjusted PB Ratio is 3.15, which is 17% below median its own 10-year median of 3.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H-Power stock overvalued right now?
H-Power (AFGYF) has a current Cyclically Adjusted PB Ratio of 3.15. The current Cyclically Adjusted PB Ratio is 3.15, which is 17% below median its 10-year median of 3.78 and 37.6% above the Industrial Products industry median of 2.29. H-Power's overall GF Score™ is 34/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For H-Power (AFGYF), the current Cyclically Adjusted PB Ratio is 3.15 as of Jul. 09, 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.

H-Power Business Description

Other Exchanges HPOWl:UKHPOW:UKQC8:Germany
Address Dunsfold Park, Unit 68.3, Canada Avenue, Cranleigh, Surrey, GBR, GU6 8TB
H-Power PLC is a provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Its products include decentralised ammonia cracker systems and fuel cell generators designed to supply low-carbon hydrogen and power for industrial and off-grid applications. The company focuses on the commercial rollout of its hydrogen and power technologies and the development of modular ammonia cracker systems and fuel cell-based power solutions. Its technologies are intended to provide alternatives to conventional diesel-based power generation systems.
34GF Score

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

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