DRHNF (Hoenle AG) Cyclically Adjusted PB Ratio: 0.08 (As of Aug. 28, 2026) — 97% Below Median

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DRHNF Hoenle AG DRHNF
70 GF Score
Price $8.79
GF Value $10.29
! 3 Warning Signs
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What is Hoenle AG Cyclically Adjusted PB Ratio?

Hoenle AG DRHNF -82.97% 70 Cyclically Adjusted PB Ratio is 0.08 as of Aug. 28, 2026, which is 97% below its 10-year median of 3.17. GuruFocus rates DRHNF with a GF Score™ of 70/100 and a GF Value™ of $10.29. The stock has 3 warning signs investors should review. Among 2,102 Industrial Products companies, Hoenle AG ranks better than 90.01% on this metric.

As of today (2026-08-28), Hoenle AG's current share price is $8.79. Hoenle AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $108.44. Hoenle AG's Cyclically Adjusted PB Ratio for today is 0.08.

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

DRHNF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 3.17   Max: 9.83
Current: 0.45

During the past years, Hoenle AG's highest Cyclically Adjusted PB Ratio was 9.83. The lowest was 0.37. And the median was 3.17.

DRHNF's Cyclically Adjusted PB Ratio is ranked better than
90.01% of 2102 companies
in the Industrial Products industry
Industry Median: 2.1 vs DRHNF: 0.45

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.

Hoenle AG's adjusted book value per share data for the three months ended in Jun. 2026 was $14.428. 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 $108.44 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoenle AG  (OTCPK:DRHNF) 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.


Hoenle AG Cyclically Adjusted PB Ratio Related Terms


Hoenle AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hoenle AG'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.

Hoenle AG Cyclically Adjusted PB Ratio Chart

Hoenle AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.13 0.96 1.07 0.68 0.46

Hoenle AG 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 0.54 0.46 0.39 0.46 0.48

DRHNF vs VRT, BE, HUBB: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Hoenle AG'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.


Hoenle AG Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hoenle AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


DRHNF
70GF Score
Hoenle AG DRHNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoenle AG 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.

Hoenle AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.79/108.44
=0.08

* 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.

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

For example, Hoenle AG'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)
=14.428/131.3638*131.3638
=14.428

Current CPI (Jun. 2026) = 131.3638.

Hoenle AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.192 101.017 15.855
201612 11.789 101.217 15.300
201703 11.809 101.417 15.296
201706 12.771 102.117 16.429
201709 14.678 102.717 18.772
201712 15.695 102.617 20.092
201803 16.834 102.917 21.487
201806 16.921 104.017 21.370
201809 18.436 104.718 23.127
201812 18.809 104.217 23.708
201903 18.087 104.217 22.798
201906 18.305 105.718 22.746
201909 17.978 106.018 22.276
201912 18.837 105.818 23.385
202003 18.977 105.718 23.581
202006 18.387 106.618 22.655
202009 22.605 105.818 28.062
202012 23.646 105.518 29.438
202103 22.963 107.518 28.056
202106 23.298 108.486 28.211
202109 21.487 109.435 25.793
202112 21.350 110.384 25.408
202203 21.419 113.968 24.688
202206 20.843 115.760 23.652
202209 17.457 118.818 19.300
202212 18.945 119.345 20.853
202303 19.199 122.402 20.605
202306 17.759 123.140 18.945
202309 16.870 124.195 17.844
202312 16.775 123.773 17.804
202403 16.761 125.038 17.609
202406 16.604 125.882 17.327
202409 14.541 126.198 15.136
202412 13.630 127.041 14.094
202503 14.139 127.779 14.536
202506 14.864 128.412 15.206
202509 14.883 129.255 15.126
202512 14.591 129.361 14.817
202603 14.581 131.258 14.593
202606 14.428 131.364 14.428

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 0.08 mean?
Hoenle AG (DRHNF) has a Cyclically Adjusted PB Ratio of 0.08 as of Aug. 28, 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 Hoenle AG and its competitors. This is 97% below median its historical median of 3.17. Over the past decade, Hoenle AG's Cyclically Adjusted PB Ratio has ranged from 0.37 to 9.83. According to the industry distribution chart, Hoenle AG ranks #210 out of 2102 companies in the Industrial Products industry, placing it in the top 10%.
Is Hoenle AG's Cyclically Adjusted PB Ratio too high?
Hoenle AG's current Cyclically Adjusted PB Ratio of 0.08 is 97% below median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 9.83. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.10. Hoenle AG's value of 0.08 is 96.2% below this industry median. Based on the distribution chart, Hoenle AG ranks #210 out of 2102 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hoenle AG has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Hoenle AG's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hoenle AG ranks #210 out of 2102 companies for Cyclically Adjusted PB Ratio. This places Hoenle AG in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.10. Hoenle AG's value of 0.08 is 96.2% below this benchmark. Historically, Hoenle AG's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 9.83 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 2.10, Hoenle AG 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.10, based on 2,102 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. Hoenle AG's current Cyclically Adjusted PB Ratio of 0.08 is 96.2% 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 Hoenle AG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoenle AG's current Cyclically Adjusted PB Ratio is 0.08, which is 97% below median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoenle AG stock overvalued right now?
Hoenle AG (DRHNF) has a current Cyclically Adjusted PB Ratio of 0.08. The stock's GF Value™ is $10.29, compared to a current price of $8.79 — trading 14.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.08, which is 97% below median its 10-year median of 3.17 and 96.2% below the Industrial Products industry median of 2.10. Hoenle AG's overall GF Score™ is 70/100 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 Hoenle AG (DRHNF), the current Cyclically Adjusted PB Ratio is 0.08 as of Aug. 28, 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 Hoenle AG (DRHNF) Overvalued in 2026?

Based on GuruFocus' analysis, Hoenle AG stock appears to be undervalued. The current stock price of $8.79 is trading 14.6% below its estimated GF Value™ of $10.29.

Key valuation signals for DRHNF:

  • Cyclically Adjusted PB Ratio: 0.08 (97% below median its 10-year median of 3.17)
  • GF Value™: $10.29 vs. price of $8.79 (14.6% below fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 96.2% below the Industrial Products median (#210 of 2102)

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


Hoenle AG Business Description

Address Nicolaus-Otto-Street 2, Gilching, Munich, BY, DEU, 82205
Hoenle AG develops, manufactures, and markets industrial UV technology. The company operates in UV, LED-UV, IR / HA, Inert-UV and Excimer systems and equipment, industrial adhesives, UV and IR lamps, UV measuring technology and reflectors and Electronic Power Supplies. The solutions provided by the company are Printing, Converting and Coating, Bonding, Potting and Fluorescence Testing, and Disinfection of Surfaces, Liquids and Gases.
70GF Score

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

$8.79
Price
$10.29
GF Value