H2APEX Group SCA (CHIX:H2AD) Cyclically Adjusted PB Ratio: 0.25 (As of Jul. 22, 2026) — 73% Below Median

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CHIX:H2AD H2APEX Group SCA CHIX:H2AD
29 GF Score
Price €6.35
GF Value €18.02
! 3 Warning Signs
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What is H2APEX Group SCA Cyclically Adjusted PB Ratio?

H2APEX Group SCA CHIX:H2AD 29 Cyclically Adjusted PB Ratio is 0.25 as of Jul. 22, 2026, which is 73% below its 10-year median of 0.93. GuruFocus rates CHIX:H2AD with a GF Score™ of 29/100 and a GF Value™ of €18.02. The stock has 3 warning signs investors should review. Among 1,273 Chemicals companies, H2APEX Group SCA ranks better than 97.49% on this metric.

As of today (2026-07-22), H2APEX Group SCA's current share price is €6.35. H2APEX Group SCA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €25.13. H2APEX Group SCA's Cyclically Adjusted PB Ratio for today is 0.25.

The historical rank and industry rank for H2APEX Group SCA's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:H2Ad' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.93   Max: 1.65
Current: 0.19

During the past years, H2APEX Group SCA's highest Cyclically Adjusted PB Ratio was 1.65. The lowest was 0.19. And the median was 0.93.

CHIX:H2Ad's Cyclically Adjusted PB Ratio is ranked better than
97.49% of 1273 companies
in the Chemicals industry
Industry Median: 1.65 vs CHIX:H2Ad: 0.19

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.

H2APEX Group SCA's adjusted book value per share data for the three months ended in Mar. 2026 was €0.372. 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 €25.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


H2APEX Group SCA  (CHIX:H2Ad) 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.


H2APEX Group SCA Cyclically Adjusted PB Ratio Related Terms


H2APEX Group SCA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for H2APEX Group SCA'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.

H2APEX Group SCA Cyclically Adjusted PB Ratio Chart

H2APEX Group SCA 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 1.26 1.20 1.09 1.38 0.29

H2APEX Group SCA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.62 0.52 0.55 0.29 0.25

CHIX:H2AD vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, H2APEX Group SCA'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.


H2APEX Group SCA Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, H2APEX Group SCA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where H2APEX Group SCA's Cyclically Adjusted PB Ratio falls into.


CHIX:H2AD
29GF Score
H2APEX Group SCA CHIX:H2AD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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H2APEX Group SCA 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.

H2APEX Group SCA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.35/25.13
=0.25

* 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.

H2APEX Group SCA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, H2APEX Group SCA's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.372/131.2583*131.2583
=0.372

Current CPI (Mar. 2026) = 131.2583.

H2APEX Group SCA Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.697 100.717 3.515
201609 4.276 101.017 5.556
201612 4.192 101.217 5.436
201703 4.225 101.417 5.468
201706 3.673 102.117 4.721
201709 3.733 102.717 4.770
201712 3.705 102.617 4.739
201803 3.738 102.917 4.767
201806 3.884 104.017 4.901
201809 3.804 104.718 4.768
201812 6.550 104.217 8.250
201903 6.612 104.217 8.328
201906 6.650 105.718 8.257
201909 6.505 106.018 8.054
201912 3.668 105.818 4.550
202003 3.784 105.718 4.698
202006 2.045 106.618 2.518
202009 2.035 105.818 2.524
202012 2.021 105.518 2.514
202103 2.051 107.518 2.504
202106 2.401 108.486 2.905
202109 2.528 109.435 3.032
202112 5.886 110.384 6.999
202203 5.832 113.968 6.717
202206 5.836 115.760 6.617
202209 5.856 118.818 6.469
202212 -0.399 119.345 -0.439
202303 3.945 122.402 4.230
202306 2.016 123.140 2.149
202309 1.874 124.195 1.981
202312 1.588 123.773 1.684
202403 1.440 125.038 1.512
202406 1.199 125.882 1.250
202409 1.074 126.198 1.117
202412 0.829 127.041 0.857
202503 0.616 127.779 0.633
202506 0.409 128.412 0.418
202509 0.652 129.255 0.662
202512 0.532 129.361 0.540
202603 0.372 131.258 0.372

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 0.25 mean?
H2APEX Group SCA (CHIX:H2AD) has a Cyclically Adjusted PB Ratio of 0.25 as of Jul. 22, 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 H2APEX Group SCA and its competitors. This is 73% below median its historical median of 0.93. Over the past decade, H2APEX Group SCA's Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.65. According to the industry distribution chart, H2APEX Group SCA ranks #32 out of 1273 companies in the Chemicals industry, placing it in the top 2.5%.
Is H2APEX Group SCA's Cyclically Adjusted PB Ratio too high?
H2APEX Group SCA's current Cyclically Adjusted PB Ratio of 0.25 is 73% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.65. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.65. H2APEX Group SCA's value of 0.25 is 84.8% below this industry median. Based on the distribution chart, H2APEX Group SCA ranks #32 out of 1273 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, H2APEX Group SCA has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does H2APEX Group SCA's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, H2APEX Group SCA ranks #32 out of 1273 companies for Cyclically Adjusted PB Ratio. This places H2APEX Group SCA in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.65. H2APEX Group SCA's value of 0.25 is 84.8% below this benchmark. Historically, H2APEX Group SCA's own Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.65 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 1.65, H2APEX Group SCA has consistently been below 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.65, based on 1,273 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. H2APEX Group SCA's current Cyclically Adjusted PB Ratio of 0.25 is 84.8% below 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 H2APEX Group SCA and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H2APEX Group SCA's current Cyclically Adjusted PB Ratio is 0.25, which is 73% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H2APEX Group SCA stock overvalued right now?
H2APEX Group SCA (CHIX:H2AD) has a current Cyclically Adjusted PB Ratio of 0.25. The stock's GF Value™ is €18.02, compared to a current price of €6.35 — trading 64.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.25, which is 73% below median its 10-year median of 0.93 and 84.8% below the Chemicals industry median of 1.65. H2APEX Group SCA's overall GF Score™ is 29/100 with 3 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 H2APEX Group SCA (CHIX:H2AD), the current Cyclically Adjusted PB Ratio is 0.25 as of Jul. 22, 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 H2APEX Group SCA (CHIX:H2AD) Overvalued in 2026?

Based on GuruFocus' analysis, H2APEX Group SCA stock appears to be undervalued. The current stock price of €6.35 is trading 64.8% below its estimated GF Value™ of €18.02.

Key valuation signals for CHIX:H2AD:

  • Cyclically Adjusted PB Ratio: 0.25 (73% below median its 10-year median of 0.93)
  • GF Value™: €18.02 vs. price of €6.35 (64.8% below fair value)
  • GF Score™: 29/100 with 3 warning signs
  • Industry Position: 84.8% below the Chemicals median (#32 of 1273)

No single metric tells the full story. See the CHIX:H2AD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H2APEX Group SCA Business Description

Address Hans-Adam-Allee 1, Rostock-Laage, Laage, MV, DEU, 18299
H2APEX Group SCA and its subsidiaries operate as developers, manufacturers, and operators of green hydrogen plants. The Group focuses on hydrogen plants with an electrolysis capacity of less than one gigawatt. These are used to decarbonize industrial value chains and to produce green hydrogen and hydrogen derivatives such as LOHC (liquid organic hydrogen carriers) and e-fuels. In addition, the Group offers hydrogen storage solutions, mainly high-pressure Type IV tanks for distribution and mobility applications. Its reportable segments are: Project Development, Own Operations, Storage, and Other. Maximum revenue is derived from the Project Development segment, which includes all project development and system integration activities for third-party hydrogen plants.
29GF Score

Get the complete analysis for CHIX:H2AD

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

€6.35
Price
€18.02
GF Value