Husqvarna AB (FRA:HRZ) Cyclically Adjusted PB Ratio: 0.97 (As of Aug. 08, 2026) — 64% Below Median

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Director of Data and Quant Analytics at GuruFocus
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FRA:HRZ Husqvarna AB FRA:HRZ
75 GF Score
Price €3.64
GF Value €4.99
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Husqvarna AB Cyclically Adjusted PB Ratio?

Husqvarna AB FRA:HRZ -2.31% 75 Cyclically Adjusted PB Ratio is 0.97 as of Aug. 08, 2026, which is 64% below its 10-year median of 2.68. GuruFocus rates FRA:HRZ with a GF Score™ of 75/100 and a GF Value™ of €4.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,252 Industrial Products companies, Husqvarna AB ranks better than 75.98% on this metric.

As of today (2026-08-08), Husqvarna AB's current share price is €3.636. Husqvarna AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €3.75. Husqvarna AB's Cyclically Adjusted PB Ratio for today is 0.97.

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

FRA:HRZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 2.68   Max: 5.14
Current: 0.96

During the past years, Husqvarna AB's highest Cyclically Adjusted PB Ratio was 5.14. The lowest was 0.85. And the median was 2.68.

FRA:HRZ's Cyclically Adjusted PB Ratio is ranked better than
75.98% of 2252 companies
in the Industrial Products industry
Industry Median: 2.07 vs FRA:HRZ: 0.96

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.

Husqvarna AB's adjusted book value per share data for the three months ended in Jun. 2026 was €4.110. 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 €3.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Husqvarna AB  (FRA:HRZ) 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.


Husqvarna AB Cyclically Adjusted PB Ratio Related Terms


Husqvarna AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Husqvarna AB'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.

Husqvarna AB Cyclically Adjusted PB Ratio Chart

Husqvarna AB 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 5.06 2.14 2.21 1.46 1.14

Husqvarna AB 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 1.24 1.24 1.14 0.90 0.90

FRA:HRZ vs SNA, RBC, SWK: Cyclically Adjusted PB Ratio Comparison

For the Tools & Accessories subindustry, Husqvarna AB'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.


Husqvarna AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:HRZ
75GF Score
Husqvarna AB FRA:HRZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Husqvarna AB 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.

Husqvarna AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.636/3.75
=0.97

* 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.

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

For example, Husqvarna AB'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)
=4.11/134.6100*134.6100
=4.110

Current CPI (Jun. 2026) = 134.6100.

Husqvarna AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.595 101.138 3.454
201612 2.581 102.022 3.405
201703 2.818 102.022 3.718
201706 2.773 102.752 3.633
201709 2.834 103.279 3.694
201712 2.762 103.793 3.582
201803 2.899 103.962 3.754
201806 2.939 104.875 3.772
201809 2.858 105.679 3.640
201812 2.726 105.912 3.465
201903 2.873 105.886 3.652
201906 2.859 106.742 3.605
201909 2.904 107.214 3.646
201912 2.882 107.766 3.600
202003 3.010 106.563 3.802
202006 3.223 107.498 4.036
202009 3.306 107.635 4.135
202012 2.928 108.296 3.639
202103 3.350 108.360 4.162
202106 3.482 108.928 4.303
202109 3.635 110.338 4.435
202112 3.692 112.486 4.418
202203 3.920 114.825 4.595
202206 4.135 118.384 4.702
202209 4.294 122.296 4.726
202212 3.827 126.365 4.077
202303 4.032 127.042 4.272
202306 3.947 129.407 4.106
202309 3.864 130.224 3.994
202312 3.718 131.912 3.794
202403 4.048 132.205 4.122
202406 3.953 132.716 4.009
202409 3.806 132.304 3.872
202412 3.744 132.987 3.790
202503 3.858 132.825 3.910
202506 3.913 133.699 3.940
202509 3.917 133.480 3.950
202512 3.783 133.390 3.818
202603 4.085 133.560 4.117
202606 4.110 134.610 4.110

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 0.97 mean?
Husqvarna AB (FRA:HRZ) has a Cyclically Adjusted PB Ratio of 0.97 as of Aug. 08, 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 Husqvarna AB and its competitors. This is 64% below median its historical median of 2.68. Over the past decade, Husqvarna AB's Cyclically Adjusted PB Ratio has ranged from 0.85 to 5.14. According to the industry distribution chart, Husqvarna AB ranks #541 out of 2252 companies in the Industrial Products industry, placing it in the top 24%.
Is Husqvarna AB's Cyclically Adjusted PB Ratio too high?
Husqvarna AB's current Cyclically Adjusted PB Ratio of 0.97 is 64% below median its 10-year median of 2.68. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 5.14. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Husqvarna AB's value of 0.97 is 53.1% below this industry median. Based on the distribution chart, Husqvarna AB ranks #541 out of 2252 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Husqvarna AB has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Husqvarna AB's Cyclically Adjusted PB Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Husqvarna AB ranks #541 out of 2252 companies for Cyclically Adjusted PB Ratio. This places Husqvarna AB in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.07. Husqvarna AB's value of 0.97 is 53.1% below this benchmark. Historically, Husqvarna AB's own Cyclically Adjusted PB Ratio has ranged from 0.85 to 5.14 over the past decade. While the company's 10-year median is 2.68 vs. the industry median of 2.07, Husqvarna AB 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 2.07, based on 2,252 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. Husqvarna AB's current Cyclically Adjusted PB Ratio of 0.97 is 53.1% 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 Husqvarna AB and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Husqvarna AB's current Cyclically Adjusted PB Ratio is 0.97, which is 64% below median its own 10-year median of 2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Husqvarna AB stock overvalued right now?
Based on GuruFocus' analysis, Husqvarna AB (FRA:HRZ) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.99, compared to a current price of €3.64 — trading 27.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.97, which is 64% below median its 10-year median of 2.68 and 53.1% below the Industrial Products industry median of 2.07. Husqvarna AB's overall GF Score™ is 75/100 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 Husqvarna AB (FRA:HRZ), the current Cyclically Adjusted PB Ratio is 0.97 as of Aug. 08, 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 Husqvarna AB (FRA:HRZ) Overvalued in 2026?

Based on GuruFocus' analysis, Husqvarna AB stock appears to be undervalued. The current stock price of €3.64 is trading 27.1% below its estimated GF Value™ of €4.99. GuruFocus considers Husqvarna AB to be Modestly Undervalued.

Key valuation signals for FRA:HRZ:

  • Cyclically Adjusted PB Ratio: 0.97 (64% below median its 10-year median of 2.68)
  • GF Value™: €4.99 vs. price of €3.64 (27.1% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 53.1% below the Industrial Products median (#541 of 2252)

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


Husqvarna AB Business Description

Address P.O. Box 7454, Stockholm, SWE, 113 31
Husqvarna AB provides products and solutions for managing forests, parks, and gardens. The product range includes robotic mowers, battery and petrol-powered chainsaws, trimmers, riding lawn mowers, as well as watering solutions. In addition, the group offers equipment for sawing and drilling in concrete surfaces, floor preparation, as well as diamond tools for the light construction industry. Its products are marketed mainly under the Husqvarna and Gardena brands. The group's operating segments include the Husqvarna Forest and Garden Division, which generates key revenue, the Gardena Division, and the Husqvarna Construction Division. Geographically, it generates maximum revenue from the United States and the rest from Germany, France, Sweden, the United Kingdom, Austria, and other regions.
75GF Score

Get the complete analysis for FRA:HRZ

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

€3.64
Price
€4.99
GF Value