HelloFresh SE (CHIX:HFGD) Cyclically Adjusted PB Ratio: 0.93 (As of Jul. 15, 2026) — 57% Below Median

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CHIX:HFGD HelloFresh SE CHIX:HFGD
52 GF Score
Price €3.67
GF Value €8.16
Valuation Significantly Undervalued
! 4 Warning Signs
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What is HelloFresh SE Cyclically Adjusted PB Ratio?

HelloFresh SE CHIX:HFGD 52 Cyclically Adjusted PB Ratio is 0.93 as of Jul. 15, 2026, which is 57% below its 10-year median of 2.14. GuruFocus rates CHIX:HFGD with a GF Score™ of 52/100 and a GF Value™ of €8.16 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 255 Restaurants companies, HelloFresh SE ranks better than 70.59% on this metric.

As of today (2026-07-15), HelloFresh SE's current share price is €3.6655. HelloFresh SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.93. HelloFresh SE's Cyclically Adjusted PB Ratio for today is 0.93.

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

CHIX:HFGd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 2.14   Max: 4.04
Current: 0.91

During the past years, HelloFresh SE's highest Cyclically Adjusted PB Ratio was 4.04. The lowest was 0.91. And the median was 2.14.

CHIX:HFGd's Cyclically Adjusted PB Ratio is ranked better than
70.59% of 255 companies
in the Restaurants industry
Industry Median: 1.82 vs CHIX:HFGd: 0.91

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.

HelloFresh SE's adjusted book value per share data for the three months ended in Mar. 2026 was €4.329. 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 €3.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


HelloFresh SE  (CHIX:HFGd) 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.


HelloFresh SE Cyclically Adjusted PB Ratio Related Terms


HelloFresh SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HelloFresh SE'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.

HelloFresh SE Cyclically Adjusted PB Ratio Chart

HelloFresh SE 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 0.00 0.00 0.00 3.55 1.53

HelloFresh SE 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 2.20 2.18 1.97 1.53 0.99

CHIX:HFGD vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, HelloFresh SE'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.


HelloFresh SE Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, HelloFresh SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:HFGD
52GF Score
HelloFresh SE CHIX:HFGD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HelloFresh SE 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.

HelloFresh SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.6655/3.93
=0.93

* 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.

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

For example, HelloFresh SE'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)
=4.329/131.2583*131.2583
=4.329

Current CPI (Mar. 2026) = 131.2583.

HelloFresh SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 100.717 0.000
201609 0.000 101.017 0.000
201612 0.129 101.217 0.167
201703 0.460 101.417 0.595
201706 0.354 102.117 0.455
201709 0.208 102.717 0.266
201712 1.893 102.617 2.421
201803 1.721 102.917 2.195
201806 1.657 104.017 2.091
201809 1.454 104.718 1.823
201812 1.448 104.217 1.824
201903 1.223 104.217 1.540
201906 1.240 105.718 1.540
201909 1.383 106.018 1.712
201912 1.498 105.818 1.858
202003 1.746 105.718 2.168
202006 2.613 106.618 3.217
202009 2.987 105.818 3.705
202012 3.782 105.518 4.705
202103 4.207 107.518 5.136
202106 4.636 108.486 5.609
202109 4.809 109.435 5.768
202112 5.180 110.384 6.160
202203 4.767 113.968 5.490
202206 5.349 115.760 6.065
202209 5.576 118.818 6.160
202212 5.601 119.345 6.160
202303 5.542 122.402 5.943
202306 6.040 123.140 6.438
202309 6.141 124.195 6.490
202312 5.970 123.773 6.331
202403 5.449 125.038 5.720
202406 5.593 125.882 5.832
202409 5.283 126.198 5.495
202412 5.491 127.041 5.673
202503 4.660 127.779 4.787
202506 4.572 128.412 4.673
202509 4.050 129.255 4.113
202512 4.556 129.361 4.623
202603 4.329 131.258 4.329

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 0.93 mean?
HelloFresh SE (CHIX:HFGD) has a Cyclically Adjusted PB Ratio of 0.93 as of Jul. 15, 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 HelloFresh SE and its competitors. This is 57% below median its historical median of 2.14. Over the past decade, HelloFresh SE's Cyclically Adjusted PB Ratio has ranged from 0.91 to 4.04. According to the industry distribution chart, HelloFresh SE ranks #75 out of 255 companies in the Restaurants industry, placing it in the top 29.4%.
Is HelloFresh SE's Cyclically Adjusted PB Ratio too high?
HelloFresh SE's current Cyclically Adjusted PB Ratio of 0.93 is 57% below median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 4.04. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.82. HelloFresh SE's value of 0.93 is 48.9% below this industry median. Based on the distribution chart, HelloFresh SE ranks #75 out of 255 companies in the Restaurants industry, which is above the industry midpoint. Overall, HelloFresh SE has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HelloFresh SE's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, HelloFresh SE ranks #75 out of 255 companies for Cyclically Adjusted PB Ratio. This puts HelloFresh SE in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. HelloFresh SE's value of 0.93 is 48.9% below this benchmark. Historically, HelloFresh SE's own Cyclically Adjusted PB Ratio has ranged from 0.91 to 4.04 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.82, HelloFresh SE 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.82, based on 255 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. HelloFresh SE's current Cyclically Adjusted PB Ratio of 0.93 is 48.9% 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 HelloFresh SE and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HelloFresh SE's current Cyclically Adjusted PB Ratio is 0.93, which is 57% below median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HelloFresh SE stock overvalued right now?
Based on GuruFocus' analysis, HelloFresh SE (CHIX:HFGD) is currently considered Significantly Undervalued. The stock's GF Value™ is €8.16, compared to a current price of €3.67 — trading 55.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 57% below median its 10-year median of 2.14 and 48.9% below the Restaurants industry median of 1.82. HelloFresh SE's overall GF Score™ is 52/100 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 HelloFresh SE (CHIX:HFGD), the current Cyclically Adjusted PB Ratio is 0.93 as of Jul. 15, 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 HelloFresh SE (CHIX:HFGD) Overvalued in 2026?

Based on GuruFocus' analysis, HelloFresh SE stock appears to be undervalued. The current stock price of €3.67 is trading 55.1% below its estimated GF Value™ of €8.16. GuruFocus considers HelloFresh SE to be Significantly Undervalued.

Key valuation signals for CHIX:HFGD:

  • Cyclically Adjusted PB Ratio: 0.93 (57% below median its 10-year median of 2.14)
  • GF Value™: €8.16 vs. price of €3.67 (55.1% below fair value)
  • GF Score™: 52/100 with 4 warning signs
  • Industry Position: 48.9% below the Restaurants median (#75 of 255)

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


HelloFresh SE Business Description

Address Prinzenstrasse 89, Berlin, BB, DEU, 10969
HelloFresh SE is a digital-first, fast-moving consumer goods (FMCG) company offering personalized, home-delivered meal solutions across a diverse range of meal occasions. Its offerings include meal kits, add-on products, and ready-to-eat meals. The Group manages its meal kit business through various brands such as HelloFresh, Green Chef, EveryPlate, and Chefs Plate, among others. It also operates two smaller businesses, a premium direct-to-customer butcher brand, Good Chop, and a human-grade pet food brand, The Pets Table. HelloFresh's operations are organized into two geographic regions: North America and International. The majority of its revenue is generated from North America, which comprises its business in the United States and Canada.
52GF Score

Get the complete analysis for CHIX:HFGD

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

€3.67
Price
€8.16
GF Value