Hi-Crush (FRA:HCU) Cyclically Adjusted PB Ratio: (As of Jul. 24, 2026)

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.
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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.

What is Hi-Crush Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hi-Crush  (FRA:HCU) 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.


Hi-Crush Cyclically Adjusted PB Ratio Related Terms


Hi-Crush Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hi-Crush'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.

Hi-Crush Cyclically Adjusted PB Ratio Chart

Hi-Crush Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Hi-Crush Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 0.00 0.00 0.00 0.00 0.00

FRA:HCU vs NCSM, QES, DWSN: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Hi-Crush'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.


Hi-Crush Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hi-Crush's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hi-Crush's Cyclically Adjusted PB Ratio falls into.



Hi-Crush 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.

Hi-Crush's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec19 is calculated as:

For example, Hi-Crush's adjusted Book Value per Share data for the fiscal year that ended in Dec19 was:

Adj_Book=Book Value per Share/CPI of Dec19 (Change)*Current CPI (Dec19)
=3.585/256.9740*256.9740
=3.585

Current CPI (Dec19) = 256.9740.

Hi-Crush Annual Data

Book Value per Share CPI Adj_Book
201012 0.017 219.179 0.020
201112 0.573 225.672 0.652
201212 5.317 229.601 5.951
201312 3.314 233.049 3.654
201412 3.862 234.812 4.227
201512 3.331 236.525 3.619
201612 4.460 241.432 4.747
201712 11.765 246.524 12.264
201812 3.603 251.233 3.685
201912 3.585 256.974 3.585

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.


Hi-Crush Business Description

Industry EnergyOil & Gas
Address 1330 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056
Hi-Crush is one of the leading suppliers of sand used in the hydraulic fracturing of oil and gas wells. It produces Northern White sand from four mines in Wisconsin and one mine in West Texas. The company delivers sand in most major basins via its extensive logistics network.