HTC (FRA:HTJ) Cyclically Adjusted PB Ratio: 0.79 (As of Jul. 12, 2026) — 14% Above Median


FRA:HTJ HTC Corp FRA:HTJ
63 GF Score
Price €3.60
GF Value €2.98
Valuation Modestly Overvalued
! 6 Warning Signs
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What is HTC Cyclically Adjusted PB Ratio?

HTC FRA:HTJ 63 Cyclically Adjusted PB Ratio is 0.79 as of Jul. 12, 2026, which is 14% above its 10-year median of 0.69. GuruFocus rates FRA:HTJ with a GF Score™ of 63/100 and a GF Value™ of €2.98 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,985 Hardware companies, HTC ranks better than 76.22% on this metric.

As of today (2026-07-12), HTC's current share price is €3.60. HTC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €4.57. HTC's Cyclically Adjusted PB Ratio for today is 0.79.

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

FRA:HTJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.69   Max: 1.32
Current: 0.88

During the past years, HTC's highest Cyclically Adjusted PB Ratio was 1.32. The lowest was 0.32. And the median was 0.69.

FRA:HTJ's Cyclically Adjusted PB Ratio is ranked better than
76.22% of 1985 companies
in the Hardware industry
Industry Median: 2.15 vs FRA:HTJ: 0.88

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.

HTC's adjusted book value per share data for the three months ended in Dec. 2025 was €3.466. 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 €4.57 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


HTC  (FRA:HTJ) 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.


HTC Cyclically Adjusted PB Ratio Related Terms


HTC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HTC'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.

HTC Cyclically Adjusted PB Ratio Chart

HTC 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 1.08 0.75 0.77 0.84 0.95

HTC 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 0.84 0.69 0.71 1.11 0.95

FRA:HTJ vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, HTC'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.


HTC Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, HTC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:HTJ
63GF Score
HTC Corp FRA:HTJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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HTC 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.

HTC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.60/4.57
=0.79

* 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.

HTC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, HTC'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)
=3.466/324.0540*324.0540
=3.466

Current CPI (Dec. 2025) = 324.0540.

HTC Quarterly Data

Book Value per Share CPI Adj_Book
201603 8.224 238.132 11.191
201606 7.772 241.018 10.450
201609 7.568 241.428 10.158
201612 7.463 241.432 10.017
201703 7.130 243.801 9.477
201706 6.672 244.955 8.826
201709 5.945 246.819 7.805
201712 4.632 246.524 6.089
201803 7.391 249.554 9.597
201806 7.319 251.989 9.412
201809 6.766 252.439 8.685
201812 6.301 251.233 8.127
201903 6.072 254.202 7.741
201906 5.642 256.143 7.138
201909 5.370 256.759 6.777
201912 5.064 256.974 6.386
202003 4.835 258.115 6.070
202006 4.692 257.797 5.898
202009 4.394 260.280 5.471
202012 4.256 260.474 5.295
202103 4.205 264.877 5.144
202106 4.114 271.696 4.907
202109 4.132 274.310 4.881
202112 4.212 278.802 4.896
202203 4.225 287.504 4.762
202206 4.146 296.311 4.534
202209 4.182 296.808 4.566
202212 3.796 296.797 4.145
202303 3.719 301.836 3.993
202306 3.612 305.109 3.836
202309 3.436 307.789 3.618
202312 3.217 306.746 3.399
202403 3.237 312.332 3.358
202406 3.117 314.175 3.215
202409 2.973 315.301 3.056
202412 3.015 315.605 3.096
202503 3.483 319.799 3.529
202506 3.141 322.561 3.156
202509 3.589 324.800 3.581
202512 3.466 324.054 3.466

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 0.79 mean?
HTC (FRA:HTJ) has a Cyclically Adjusted PB Ratio of 0.79 as of Jul. 12, 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 HTC and its competitors. This is 14% above median its historical median of 0.69. Over the past decade, HTC's Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.32. According to the industry distribution chart, HTC ranks #472 out of 1985 companies in the Hardware industry, placing it in the top 23.8%.
Is HTC's Cyclically Adjusted PB Ratio too high?
HTC's current Cyclically Adjusted PB Ratio of 0.79 is 14% above median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.32. The Hardware industry median Cyclically Adjusted PB Ratio is 2.15. HTC's value of 0.79 is 63.3% below this industry median. Based on the distribution chart, HTC ranks #472 out of 1985 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, HTC has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HTC's Cyclically Adjusted PB Ratio compare to AAPL?
According to the Hardware industry distribution chart, HTC ranks #472 out of 1985 companies for Cyclically Adjusted PB Ratio. This places HTC in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.15. HTC's value of 0.79 is 63.3% below this benchmark. Historically, HTC's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.32 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 2.15, HTC 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.15, based on 1,985 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. HTC's current Cyclically Adjusted PB Ratio of 0.79 is 63.3% 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 HTC and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HTC's current Cyclically Adjusted PB Ratio is 0.79, which is 14% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HTC stock overvalued right now?
Based on GuruFocus' analysis, HTC (FRA:HTJ) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.98, compared to a current price of €3.60 — trading 20.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.79, which is 14% above median its 10-year median of 0.69 and 63.3% below the Hardware industry median of 2.15. HTC's overall GF Score™ is 63/100 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 HTC (FRA:HTJ), the current Cyclically Adjusted PB Ratio is 0.79 as of Jul. 12, 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 HTC (FRA:HTJ) Overvalued in 2026?

Based on GuruFocus' analysis, HTC stock appears to be overvalued. The current stock price of €3.60 is trading 20.8% above its estimated GF Value™ of €2.98. GuruFocus considers HTC to be Modestly Overvalued.

Key valuation signals for FRA:HTJ:

  • Cyclically Adjusted PB Ratio: 0.79 (14% above median its 10-year median of 0.69)
  • GF Value™: €2.98 vs. price of €3.60 (20.8% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 63.3% below the Hardware median (#472 of 1985)

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


HTC Business Description

Other Exchanges 2498:TaiwanHTJ:Germany
Address No. 23, Xinghua Road, Taoyuan District, Taoyuan, TWN, 330
HTC Corporation is a Taiwanese consumer electronics company. The company is engaged in designing, manufacturing, assembling, processing, and selling smart mobile and virtual reality devices and after-sales services. Its products include smartphones, tablets, cameras, wearable fitness devices, Blockchain phones, Vive, and virtual reality headsets. The company's operations are mainly in the research, design, manufacture, and sale of virtual reality devices and smart mobile devices, which account for the majority of the total revenue.
63GF Score

Get the complete analysis for FRA:HTJ

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

€3.60
Price
€2.98
GF Value