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New HopeASX:NHC +2.11%65 Cyclically Adjusted PB Ratio is 1.84 as of Jul. 14, 2026, which is 59% above its 10-year median of 1.16. GuruFocus rates ASX:NHC with a GF Score™ of 65/100 and a GF Value™ of A$4.05 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 137 Other Energy Sources companies, New Hope ranks worse than 65.69% on this metric.
The historical rank and industry rank for New Hope's Cyclically Adjusted PB Ratio or its related term are showing as below:
ASX:NHC'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42 Med: 1.16 Max: 2.84
Current: 1.81
During the past 13 years, New Hope's highest Cyclically Adjusted PB Ratio was 2.84. The lowest was 0.42. And the median was 1.16.
ASX:NHC's Cyclically Adjusted PB Ratio is ranked worse than 65.69% of 137
companies
in the Other Energy Sources industry
Industry Median: 1.1
vs ASX:NHC: 1.81
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.
New Hope's adjusted book value per share data of for the fiscal year that ended in Jul25 was A$3.118. 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 A$2.90 for the trailing ten years ended in Jul25.
Shiller PE for Stocks: The True Measure of Stock Valuation
New Hope (ASX:NHC) 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.
New Hope Cyclically Adjusted PB Ratio Related Terms
New Hope Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for New Hope'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.
New Hope Cyclically Adjusted PB Ratio Competitor Comparison
For the Thermal Coal subindustry, New Hope'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.
New Hope Cyclically Adjusted PB Ratio vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, New Hope's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where New Hope's Cyclically Adjusted PB Ratio falls into.
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.
New Hope's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.84 mean?
New Hope (ASX:NHC) has a Cyclically Adjusted PB Ratio of 1.84 as of Jul. 14, 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 New Hope and its competitors. This is 59% above median its historical median of 1.16. Over the past decade, New Hope's Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.84. According to the industry distribution chart, New Hope ranks #90 out of 137 companies in the Other Energy Sources industry, placing it in the top 65.7%.
Is New Hope's Cyclically Adjusted PB Ratio too high?
New Hope's current Cyclically Adjusted PB Ratio of 1.84 is 59% above median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 2.84. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.10. New Hope's value of 1.84 is 67.3% above this industry median. Based on the distribution chart, New Hope ranks #90 out of 137 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, New Hope has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Hope's Cyclically Adjusted PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, New Hope ranks #90 out of 137 companies for Cyclically Adjusted PB Ratio. This places New Hope in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.10. New Hope's value of 1.84 is 67.3% above this benchmark. Historically, New Hope's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.84 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 1.10, New Hope 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 Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.10, based on 137 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. New Hope's current Cyclically Adjusted PB Ratio of 1.84 is 67.3% 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 New Hope and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Hope's current Cyclically Adjusted PB Ratio is 1.84, which is 59% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Hope stock overvalued right now?
Based on GuruFocus' analysis, New Hope (ASX:NHC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$4.05, compared to a current price of A$5.33 — trading 31.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.84, which is 59% above median its 10-year median of 1.16 and 67.3% above the Other Energy Sources industry median of 1.10. New Hope's overall GF Score™ is 65/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For New Hope (ASX:NHC), the current Cyclically Adjusted PB Ratio is 1.84 as of Jul. 14, 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 New Hope (ASX:NHC) Overvalued in 2026?
Based on GuruFocus' analysis, New Hope stock appears to be overvalued.
The current stock price of A$5.33 is trading 31.6% above its estimated GF Value™ of A$4.05.
GuruFocus considers New Hope to be Significantly Overvalued.
Key valuation signals for ASX:NHC:
Cyclically Adjusted PB Ratio: 1.84 (59% above median its 10-year median of 1.16)
GF Value™: A$4.05 vs. price of A$5.33 (31.6% above fair value)
Industry Position: 67.3% above the Other Energy Sources median (#90 of 137)
No single metric tells the full story. See the ASX:NHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2028, up from around 10.5 million in fiscal 2025, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 23% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.
65GF Score
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