Hawesko Holding SE (FRA:HAW) Cyclically Adjusted PB Ratio: 1.22 (As of Aug. 17, 2026) — 66% Below Median

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FRA:HAW Hawesko Holding SE FRA:HAW
61 GF Score
Price €17.10
GF Value €23.89
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Hawesko Holding SE Cyclically Adjusted PB Ratio?

Hawesko Holding SE FRA:HAW -1.16% 61 Cyclically Adjusted PB Ratio is 1.22 as of Aug. 17, 2026, which is 66% below its 10-year median of 3.55. GuruFocus rates FRA:HAW with a GF Score™ of 61/100 and a GF Value™ of €23.89 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 164 Beverages - Alcoholic companies, Hawesko Holding SE ranks better than 57.93% on this metric.

As of today (2026-08-17), Hawesko Holding SE's current share price is €17.10. Hawesko Holding SE's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €14.07. Hawesko Holding SE's Cyclically Adjusted PB Ratio for today is 1.22.

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

FRA:HAW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.2   Med: 3.55   Max: 6.03
Current: 1.2

During the past years, Hawesko Holding SE's highest Cyclically Adjusted PB Ratio was 6.03. The lowest was 1.20. And the median was 3.55.

FRA:HAW's Cyclically Adjusted PB Ratio is ranked better than
57.93% of 164 companies
in the Beverages - Alcoholic industry
Industry Median: 1.43 vs FRA:HAW: 1.20

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.

Hawesko Holding SE's adjusted book value per share data for the three months ended in Jun. 2026 was €12.447. 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 €14.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hawesko Holding SE  (FRA:HAW) 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.


Hawesko Holding SE Cyclically Adjusted PB Ratio Related Terms


Hawesko Holding SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hawesko Holding 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.

Hawesko Holding SE Cyclically Adjusted PB Ratio Chart

Hawesko Holding 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 4.90 3.24 2.46 1.97 1.38

Hawesko Holding SE 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 1.67 1.57 1.38 1.41 1.20

FRA:HAW vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Hawesko Holding 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.


Hawesko Holding SE Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Hawesko Holding SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:HAW
61GF Score
Hawesko Holding SE FRA:HAW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hawesko Holding 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.10/14.07
=1.22

* 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.

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

For example, Hawesko Holding SE'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)
=12.447/131.3638*131.3638
=12.447

Current CPI (Jun. 2026) = 131.3638.

Hawesko Holding SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.396 101.017 12.219
201612 9.762 101.217 12.670
201703 8.828 101.417 11.435
201706 9.284 102.117 11.943
201709 9.540 102.717 12.201
201712 10.558 102.617 13.516
201803 9.607 102.917 12.262
201806 9.997 104.017 12.625
201809 10.130 104.718 12.708
201812 12.139 104.217 15.301
201903 11.555 104.217 14.565
201906 11.088 105.718 13.778
201909 11.088 106.018 13.739
201912 11.931 105.818 14.811
202003 12.156 105.718 15.105
202006 12.757 106.618 15.718
202009 11.557 105.818 14.347
202012 12.772 105.518 15.900
202103 13.866 107.518 16.941
202106 12.895 108.486 15.614
202109 13.374 109.435 16.054
202112 14.531 110.384 17.293
202203 15.167 113.968 17.482
202206 13.233 115.760 15.017
202209 13.934 118.818 15.405
202212 14.637 119.345 16.111
202303 14.999 122.402 16.097
202306 13.481 123.140 14.381
202309 13.047 124.195 13.800
202312 13.600 123.773 14.434
202403 13.674 125.038 14.366
202406 12.660 125.882 13.211
202409 12.755 126.198 13.277
202412 13.619 127.041 14.082
202503 13.580 127.779 13.961
202506 12.494 128.412 12.781
202509 12.587 129.255 12.792
202512 13.592 129.361 13.802
202603 13.583 131.258 13.594
202606 12.447 131.364 12.447

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 1.22 mean?
Hawesko Holding SE (FRA:HAW) has a Cyclically Adjusted PB Ratio of 1.22 as of Aug. 17, 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 Hawesko Holding SE and its competitors. This is 66% below median its historical median of 3.55. Over the past decade, Hawesko Holding SE's Cyclically Adjusted PB Ratio has ranged from 1.20 to 6.03. According to the industry distribution chart, Hawesko Holding SE ranks #69 out of 164 companies in the Beverages - Alcoholic industry, placing it in the top 42.1%.
Is Hawesko Holding SE's Cyclically Adjusted PB Ratio too high?
Hawesko Holding SE's current Cyclically Adjusted PB Ratio of 1.22 is 66% below median its 10-year median of 3.55. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 6.03. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.43. Hawesko Holding SE's value of 1.22 is 14.7% below this industry median. Based on the distribution chart, Hawesko Holding SE ranks #69 out of 164 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Hawesko Holding SE has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hawesko Holding SE's Cyclically Adjusted PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Hawesko Holding SE ranks #69 out of 164 companies for Cyclically Adjusted PB Ratio. This puts Hawesko Holding SE in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. Hawesko Holding SE's value of 1.22 is 14.7% below this benchmark. Historically, Hawesko Holding SE's own Cyclically Adjusted PB Ratio has ranged from 1.20 to 6.03 over the past decade. While the company's 10-year median is 3.55 vs. the industry median of 1.43, Hawesko Holding 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.43, based on 164 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. Hawesko Holding SE's current Cyclically Adjusted PB Ratio of 1.22 is 14.7% 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 Hawesko Holding SE and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hawesko Holding SE's current Cyclically Adjusted PB Ratio is 1.22, which is 66% below median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hawesko Holding SE stock overvalued right now?
Based on GuruFocus' analysis, Hawesko Holding SE (FRA:HAW) is currently considered Modestly Undervalued. The stock's GF Value™ is €23.89, compared to a current price of €17.10 — trading 28.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.22, which is 66% below median its 10-year median of 3.55 and 14.7% below the Beverages - Alcoholic industry median of 1.43. Hawesko Holding SE's overall GF Score™ is 61/100 with 6 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 Hawesko Holding SE (FRA:HAW), the current Cyclically Adjusted PB Ratio is 1.22 as of Aug. 17, 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 Hawesko Holding SE (FRA:HAW) Overvalued in 2026?

Based on GuruFocus' analysis, Hawesko Holding SE stock appears to be undervalued. The current stock price of €17.10 is trading 28.4% below its estimated GF Value™ of €23.89. GuruFocus considers Hawesko Holding SE to be Modestly Undervalued.

Key valuation signals for FRA:HAW:

  • Cyclically Adjusted PB Ratio: 1.22 (66% below median its 10-year median of 3.55)
  • GF Value™: €23.89 vs. price of €17.10 (28.4% below fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 14.7% below the Beverages - Alcoholic median (#69 of 164)

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


Hawesko Holding SE Business Description

Other Exchanges HAW:Germany
Address Grosse Elbstrasse 145d, Elbkaihaus, Hamburg, DEU, 22767
Hawesko Holding SE trades and sells wines, champagnes, and other alcoholic and non-alcoholic beverages to consumers and resellers. Its operating segments are: Retail, B2B, E-commerce, and Miscellaneous. Maximum revenue is generated from the Retail segment, which sells wine mainly via a network of retail outlets (Jacques'), which are run by independent agency partners. The B2B segment groups together business activities with retailers; wines and champagnes are sold both by an in-house sales force and by an organisation of trade representatives; and the e-commerce segment comprises wine and champagne distance selling, with activities focused on the consumer. Geographically, the firm derives its key revenue from Germany, followed by Austria, the Czech Republic, Switzerland, and other markets.
61GF Score

Get the complete analysis for FRA:HAW

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

€17.10
Price
€23.89
GF Value