Howard Hughes Holdings (BSP:H1HH34) Cyclically Adjusted PB Ratio: 0.78 (As of Sep. 05, 2026) — 19% Below Median

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BSP:H1HH34 Howard Hughes Holdings Inc BSP:H1HH34
59 GF Score
Price R$40.41
GF Value R$57.51
Valuation Possible Value Trap
! 7 Warning Signs
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What is Howard Hughes Holdings Cyclically Adjusted PB Ratio?

Howard Hughes Holdings BSP:H1HH34 59 Cyclically Adjusted PB Ratio is 0.78 as of Sep. 05, 2026, which is 19% below its 10-year median of 0.96. GuruFocus rates BSP:H1HH34 with a GF Score™ of 59/100 and a GF Value™ of R$57.51 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,301 Real Estate companies, Howard Hughes Holdings ranks worse than 55.96% on this metric.

As of today (2026-09-05), Howard Hughes Holdings's current share price is R$40.41. Howard Hughes Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$51.74. Howard Hughes Holdings's Cyclically Adjusted PB Ratio for today is 0.78.

The historical rank and industry rank for Howard Hughes Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:H1HH34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.96   Max: 1.94
Current: 0.8

During the past years, Howard Hughes Holdings's highest Cyclically Adjusted PB Ratio was 1.94. The lowest was 0.58. And the median was 0.96.

BSP:H1HH34's Cyclically Adjusted PB Ratio is ranked worse than
55.96% of 1301 companies
in the Real Estate industry
Industry Median: 0.67 vs BSP:H1HH34: 0.80

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.

Howard Hughes Holdings's adjusted book value per share data for the three months ended in Jun. 2026 was R$42.521. 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 R$51.74 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Howard Hughes Holdings  (BSP:H1HH34) 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.


Howard Hughes Holdings Cyclically Adjusted PB Ratio Related Terms


Howard Hughes Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Howard Hughes Holdings'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.

Howard Hughes Holdings Cyclically Adjusted PB Ratio Chart

Howard Hughes Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 0.96 1.05 0.98 1.01

Howard Hughes Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.85 1.03 1.01 0.79 0.89

BSP:H1HH34 vs CCS, FOR, SDHC: Cyclically Adjusted PB Ratio Comparison

For the Real Estate - Development subindustry, Howard Hughes Holdings'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.


Howard Hughes Holdings Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Howard Hughes Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Howard Hughes Holdings's Cyclically Adjusted PB Ratio falls into.


BSP:H1HH34
59GF Score
Howard Hughes Holdings Inc BSP:H1HH34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Howard Hughes Holdings 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.

Howard Hughes Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=40.41/51.74
=0.78

* 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.

Howard Hughes Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Howard Hughes Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=42.521/333.9520*333.9520
=42.521

Current CPI (Jun. 2026) = 333.9520.

Howard Hughes Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.622 241.428 35.441
201612 27.055 241.432 37.423
201703 25.346 243.801 34.718
201706 28.269 244.955 38.540
201709 27.429 246.819 37.112
201712 30.297 246.524 41.042
201803 29.305 249.554 39.216
201806 33.682 251.989 44.638
201809 37.061 252.439 49.028
201812 35.366 251.233 47.010
201903 35.172 254.202 46.206
201906 35.344 256.143 46.081
201909 38.014 256.759 49.443
201912 37.928 256.974 49.290
202003 39.886 258.115 51.605
202006 41.970 257.797 54.368
202009 45.637 260.280 58.555
202012 43.455 260.474 55.713
202103 46.793 264.877 58.996
202106 41.864 271.696 51.457
202109 44.083 274.310 53.668
202112 48.505 278.802 58.100
202203 42.151 287.504 48.961
202206 42.598 296.311 48.009
202209 45.787 296.808 51.517
202212 46.613 296.797 52.448
202303 45.797 301.836 50.670
202306 42.427 305.109 46.438
202309 36.511 307.789 39.615
202312 36.633 306.746 39.882
202403 36.506 312.332 39.033
202406 39.811 314.175 42.317
202409 36.099 315.301 38.234
202412 42.246 315.605 44.702
202503 39.820 319.799 41.582
202506 42.561 322.561 44.064
202509 42.529 324.800 43.727
202512 43.367 324.054 44.692
202603 41.469 330.213 41.939
202606 42.521 333.952 42.521

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 0.78 mean?
Howard Hughes Holdings (BSP:H1HH34) has a Cyclically Adjusted PB Ratio of 0.78 as of Sep. 05, 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 Howard Hughes Holdings and its competitors. This is 19% below median its historical median of 0.96. Over the past decade, Howard Hughes Holdings' Cyclically Adjusted PB Ratio has ranged from 0.58 to 1.94. According to the industry distribution chart, Howard Hughes Holdings ranks #728 out of 1301 companies in the Real Estate industry, placing it in the top 56%.
Is Howard Hughes Holdings' Cyclically Adjusted PB Ratio too high?
Howard Hughes Holdings' current Cyclically Adjusted PB Ratio of 0.78 is 19% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.94. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. Howard Hughes Holdings' value of 0.78 is 16.4% above this industry median. Based on the distribution chart, Howard Hughes Holdings ranks #728 out of 1301 companies in the Real Estate industry, which is below the industry midpoint. Overall, Howard Hughes Holdings has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Howard Hughes Holdings' Cyclically Adjusted PB Ratio compare to CCS and FOR?
According to the Real Estate industry distribution chart, Howard Hughes Holdings ranks #728 out of 1301 companies for Cyclically Adjusted PB Ratio. This places Howard Hughes Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. Howard Hughes Holdings' value of 0.78 is 16.4% above this benchmark. Historically, Howard Hughes Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.58 to 1.94 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.67, Howard Hughes Holdings 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 a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,301 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. Howard Hughes Holdings's current Cyclically Adjusted PB Ratio of 0.78 is 16.4% 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 Howard Hughes Holdings and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howard Hughes Holdings's current Cyclically Adjusted PB Ratio is 0.78, which is 19% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howard Hughes Holdings stock overvalued right now?
Based on GuruFocus' analysis, Howard Hughes Holdings (BSP:H1HH34) is currently considered Possible Value Trap. The stock's GF Value™ is R$57.51, compared to a current price of R$40.41 — trading 29.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.78, which is 19% below median its 10-year median of 0.96 and 16.4% above the Real Estate industry median of 0.67. Howard Hughes Holdings' overall GF Score™ is 59/100 with 7 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 Howard Hughes Holdings (BSP:H1HH34), the current Cyclically Adjusted PB Ratio is 0.78 as of Sep. 05, 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 Howard Hughes Holdings (BSP:H1HH34) Overvalued in 2026?

Based on GuruFocus' analysis, Howard Hughes Holdings stock appears to be undervalued. The current stock price of R$40.41 is trading 29.7% below its estimated GF Value™ of R$57.51. GuruFocus considers Howard Hughes Holdings to be Possible Value Trap.

Key valuation signals for BSP:H1HH34:

  • Cyclically Adjusted PB Ratio: 0.78 (19% below median its 10-year median of 0.96)
  • GF Value™: R$57.51 vs. price of R$40.41 (29.7% below fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 16.4% above the Real Estate median (#728 of 1301)

No single metric tells the full story. See the BSP:H1HH34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Howard Hughes Holdings Business Description

Address 9950 Woodloch Forest Drive, Suite 1100, 11th Floor, The Woodlands, TX, USA, 77380
Howard Hughes Holdings Inc, through its subsidiary, operates a large-scale, mixed-use real estate platform focused on the development of master planned communities (MPCs), the investment in strategic real estate development opportunities, and the ownership and operation of income-producing properties. The group operates through three reportable business segments: Operating Assets, MPCs, and Strategic Developments. Maximum revenue is generated from the MPC segment, which consists of the development and sale of land in large-scale, long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona. Revenues are mainly generated through the sale of residential and commercial land to homebuilders and developers.
59GF Score

Get the complete analysis for BSP:H1HH34

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

R$40.41
Price
R$57.51
GF Value