Hon Hai Precision Industry Co (CHIX:HHPDL) Cyclically Adjusted PB Ratio: 2.23 (As of Jul. 27, 2026) — 56% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:HHPDL Hon Hai Precision Industry Co Ltd CHIX:HHPDL
90 GF Score
Price $15.57
GF Value $14.35
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio?

Hon Hai Precision Industry Co CHIX:HHPDL -0.83% 90 Cyclically Adjusted PB Ratio is 2.23 as of Jul. 27, 2026, which is 56% above its 10-year median of 1.43. GuruFocus rates CHIX:HHPDL with a GF Score™ of 90/100 and a GF Value™ of $14.35 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,977 Hardware companies, Hon Hai Precision Industry Co ranks worse than 54.27% on this metric.

As of today (2026-07-27), Hon Hai Precision Industry Co's current share price is $15.57. Hon Hai Precision Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $6.97. Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio for today is 2.23.

The historical rank and industry rank for Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:HHPDl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.43   Max: 2.86
Current: 2.29

During the past years, Hon Hai Precision Industry Co's highest Cyclically Adjusted PB Ratio was 2.86. The lowest was 0.97. And the median was 1.43.

CHIX:HHPDl's Cyclically Adjusted PB Ratio is ranked worse than
54.27% of 1977 companies
in the Hardware industry
Industry Median: 2.02 vs CHIX:HHPDl: 2.29

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.

Hon Hai Precision Industry Co's adjusted book value per share data for the three months ended in Dec. 2025 was $8.099. 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 $6.97 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hon Hai Precision Industry Co  (CHIX:HHPDl) 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.


Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio Related Terms


Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hon Hai Precision Industry Co'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.

Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio Chart

Hon Hai Precision Industry Co 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 1.08 1.05 1.75 2.09

Hon Hai Precision Industry Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.75 1.36 1.48 1.96 2.09

CHIX:HHPDL vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Hon Hai Precision Industry Co'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.


Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio falls into.


CHIX:HHPDL
90GF Score
Hon Hai Precision Industry Co Ltd CHIX:HHPDL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hon Hai Precision Industry Co 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.

Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.57/6.97
=2.23

* 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.

Hon Hai Precision Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Hon Hai Precision Industry Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=8.099/324.0540*324.0540
=8.099

Current CPI (Dec. 2025) = 324.0540.

Hon Hai Precision Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 4.577 238.132 6.228
201606 4.384 241.018 5.894
201609 4.552 241.428 6.110
201612 4.864 241.432 6.529
201703 5.236 243.801 6.960
201706 5.055 244.955 6.687
201709 5.124 246.819 6.727
201712 5.222 246.524 6.864
201803 5.519 249.554 7.167
201806 5.700 251.989 7.330
201809 5.404 252.439 6.937
201812 5.680 251.233 7.326
201903 5.925 254.202 7.553
201906 5.610 256.143 7.097
201909 5.603 256.759 7.072
201912 5.913 256.974 7.457
202003 5.805 258.115 7.288
202006 5.691 257.797 7.154
202009 5.984 260.280 7.450
202012 6.637 260.474 8.257
202103 6.503 264.877 7.956
202106 6.769 271.696 8.073
202109 6.920 274.310 8.175
202112 7.178 278.802 8.343
202203 7.034 287.504 7.928
202206 6.779 296.311 7.414
202209 6.684 296.808 7.298
202212 6.828 296.797 7.455
202303 6.619 301.836 7.106
202306 6.516 305.109 6.921
202309 6.687 307.789 7.040
202312 6.894 306.746 7.283
202403 6.782 312.332 7.037
202406 6.802 314.175 7.016
202409 7.208 315.301 7.408
202412 7.273 315.605 7.468
202503 7.168 319.799 7.263
202506 7.098 322.561 7.131
202509 7.717 324.800 7.699
202512 8.099 324.054 8.099

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 2.23 mean?
Hon Hai Precision Industry Co (CHIX:HHPDL) has a Cyclically Adjusted PB Ratio of 2.23 as of Jul. 27, 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 Hon Hai Precision Industry Co and its competitors. This is 56% above median its historical median of 1.43. Over the past decade, Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio has ranged from 0.97 to 2.86. According to the industry distribution chart, Hon Hai Precision Industry Co ranks #1073 out of 1977 companies in the Hardware industry, placing it in the top 54.3%.
Is Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio too high?
Hon Hai Precision Industry Co's current Cyclically Adjusted PB Ratio of 2.23 is 56% above median its 10-year median of 1.43. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 2.86. The Hardware industry median Cyclically Adjusted PB Ratio is 2.02. Hon Hai Precision Industry Co's value of 2.23 is 10.4% above this industry median. Based on the distribution chart, Hon Hai Precision Industry Co ranks #1073 out of 1977 companies in the Hardware industry, which is below the industry midpoint. Overall, Hon Hai Precision Industry Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Hon Hai Precision Industry Co ranks #1073 out of 1977 companies for Cyclically Adjusted PB Ratio. This places Hon Hai Precision Industry Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.02. Hon Hai Precision Industry Co's value of 2.23 is 10.4% above this benchmark. Historically, Hon Hai Precision Industry Co's own Cyclically Adjusted PB Ratio has ranged from 0.97 to 2.86 over the past decade. While the company's 10-year median is 1.43 vs. the industry median of 2.02, Hon Hai Precision Industry Co 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.02, based on 1,977 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. Hon Hai Precision Industry Co's current Cyclically Adjusted PB Ratio of 2.23 is 10.4% 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 Hon Hai Precision Industry Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hon Hai Precision Industry Co's current Cyclically Adjusted PB Ratio is 2.23, which is 56% above median its own 10-year median of 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hon Hai Precision Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Hon Hai Precision Industry Co (CHIX:HHPDL) is currently considered Fairly Valued. The stock's GF Value™ is $14.35, compared to a current price of $15.57 — trading 8.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.23, which is 56% above median its 10-year median of 1.43 and 10.4% above the Hardware industry median of 2.02. Hon Hai Precision Industry Co's overall GF Score™ is 90/100 with 1 warning sign 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 Hon Hai Precision Industry Co (CHIX:HHPDL), the current Cyclically Adjusted PB Ratio is 2.23 as of Jul. 27, 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 Hon Hai Precision Industry Co (CHIX:HHPDL) Overvalued in 2026?

Based on GuruFocus' analysis, Hon Hai Precision Industry Co stock appears to be overvalued. The current stock price of $15.57 is trading 8.5% above its estimated GF Value™ of $14.35. GuruFocus considers Hon Hai Precision Industry Co to be Fairly Valued.

Key valuation signals for CHIX:HHPDL:

  • Cyclically Adjusted PB Ratio: 2.23 (56% above median its 10-year median of 1.43)
  • GF Value™: $14.35 vs. price of $15.57 (8.5% above fair value)
  • GF Score™: 90/100 with 1 warning sign
  • Industry Position: 10.4% above the Hardware median (#1073 of 1977)

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


Hon Hai Precision Industry Co Business Description

Address 236 No. 2, Ziyou Street, Tucheng District, New Taipei, TWN, 236
Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for around 50% of overall revenue in 2025. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones, as well as producing servers. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.
90GF Score

Get the complete analysis for CHIX:HHPDL

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

$15.57
Price
$14.35
GF Value