Natural Health Trends (FRA:NAH) Cyclically Adjusted PB Ratio: 0.26 (As of Aug. 10, 2026) — 81% Below Median

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FRA:NAH Natural Health Trends Corp FRA:NAH
48 GF Score
Price €1.38
GF Value €3.51
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Natural Health Trends Cyclically Adjusted PB Ratio?

Natural Health Trends FRA:NAH +6.98% 48 Cyclically Adjusted PB Ratio is 0.26 as of Aug. 10, 2026, which is 81% below its 10-year median of 1.35. GuruFocus rates FRA:NAH with a GF Score™ of 48/100 and a GF Value™ of €3.51 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 803 Retail - Cyclical companies, Natural Health Trends ranks better than 89.17% on this metric.

As of today (2026-08-10), Natural Health Trends's current share price is €1.38. Natural Health Trends's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €5.22. Natural Health Trends's Cyclically Adjusted PB Ratio for today is 0.26.

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

FRA:NAH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 1.35   Max: 24.02
Current: 0.26

During the past years, Natural Health Trends's highest Cyclically Adjusted PB Ratio was 24.02. The lowest was 0.23. And the median was 1.35.

FRA:NAH's Cyclically Adjusted PB Ratio is ranked better than
89.17% of 803 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs FRA:NAH: 0.26

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.

Natural Health Trends's adjusted book value per share data for the three months ended in Jun. 2026 was €1.538. 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 €5.22 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Natural Health Trends  (FRA:NAH) 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.


Natural Health Trends Cyclically Adjusted PB Ratio Related Terms


Natural Health Trends Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Natural Health Trends'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.

Natural Health Trends Cyclically Adjusted PB Ratio Chart

Natural Health Trends 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 1.32 0.58 0.91 0.68 0.46

Natural Health Trends 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 0.63 0.66 0.46 0.42 0.27

FRA:NAH vs MOGU, KPEA, UZX: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, Natural Health Trends'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.


Natural Health Trends Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Natural Health Trends's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:NAH
48GF Score
Natural Health Trends Corp FRA:NAH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Natural Health Trends 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.

Natural Health Trends's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.38/5.22
=0.26

* 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.

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

For example, Natural Health Trends'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)
=1.538/333.9520*333.9520
=1.538

Current CPI (Jun. 2026) = 333.9520.

Natural Health Trends Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.425 241.428 7.504
201612 6.924 241.432 9.577
201703 7.345 243.801 10.061
201706 7.407 244.955 10.098
201709 7.239 246.819 9.795
201712 6.751 246.524 9.145
201803 7.051 249.554 9.436
201806 6.439 251.989 8.533
201809 6.646 252.439 8.792
201812 6.943 251.233 9.229
201903 6.666 254.202 8.757
201906 6.511 256.143 8.489
201909 6.508 256.759 8.465
201912 5.914 256.974 7.686
202003 5.696 258.115 7.370
202006 5.429 257.797 7.033
202009 5.104 260.280 6.549
202012 4.871 260.474 6.245
202103 4.807 264.877 6.061
202106 4.609 271.696 5.665
202109 4.580 274.310 5.576
202112 4.609 278.802 5.521
202203 4.521 287.504 5.251
202206 4.517 296.311 5.091
202209 4.590 296.808 5.164
202212 4.145 296.797 4.664
202303 3.896 301.836 4.311
202306 3.639 305.109 3.983
202309 3.524 307.789 3.824
202312 3.312 306.746 3.606
202403 3.145 312.332 3.363
202406 3.005 314.175 3.194
202409 2.763 315.301 2.926
202412 2.727 315.605 2.886
202503 2.481 319.799 2.591
202506 2.173 322.561 2.250
202509 1.935 324.800 1.990
202512 1.738 324.054 1.791
202603 1.660 330.213 1.679
202606 1.538 333.952 1.538

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 0.26 mean?
Natural Health Trends (FRA:NAH) has a Cyclically Adjusted PB Ratio of 0.26 as of Aug. 10, 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 Natural Health Trends and its competitors. This is 81% below median its historical median of 1.35. Over the past decade, Natural Health Trends' Cyclically Adjusted PB Ratio has ranged from 0.23 to 24.02. According to the industry distribution chart, Natural Health Trends ranks #87 out of 803 companies in the Retail - Cyclical industry, placing it in the top 10.8%.
Is Natural Health Trends' Cyclically Adjusted PB Ratio too high?
Natural Health Trends' current Cyclically Adjusted PB Ratio of 0.26 is 81% below median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 24.02. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Natural Health Trends' value of 0.26 is 79% below this industry median. Based on the distribution chart, Natural Health Trends ranks #87 out of 803 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Natural Health Trends has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natural Health Trends' Cyclically Adjusted PB Ratio compare to MOGU and KPEA?
According to the Retail - Cyclical industry distribution chart, Natural Health Trends ranks #87 out of 803 companies for Cyclically Adjusted PB Ratio. This places Natural Health Trends in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.24. Natural Health Trends' value of 0.26 is 79% below this benchmark. Historically, Natural Health Trends' own Cyclically Adjusted PB Ratio has ranged from 0.23 to 24.02 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 1.24, Natural Health Trends 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 803 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. Natural Health Trends's current Cyclically Adjusted PB Ratio of 0.26 is 79% 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 Natural Health Trends and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Health Trends's current Cyclically Adjusted PB Ratio is 0.26, which is 81% below median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Health Trends stock overvalued right now?
Based on GuruFocus' analysis, Natural Health Trends (FRA:NAH) is currently considered Possible Value Trap. The stock's GF Value™ is €3.51, compared to a current price of €1.38 — trading 60.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.26, which is 81% below median its 10-year median of 1.35 and 79% below the Retail - Cyclical industry median of 1.24. Natural Health Trends' overall GF Score™ is 48/100 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 Natural Health Trends (FRA:NAH), the current Cyclically Adjusted PB Ratio is 0.26 as of Aug. 10, 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 Natural Health Trends (FRA:NAH) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Health Trends stock appears to be undervalued. The current stock price of €1.38 is trading 60.7% below its estimated GF Value™ of €3.51. GuruFocus considers Natural Health Trends to be Possible Value Trap.

Key valuation signals for FRA:NAH:

  • Cyclically Adjusted PB Ratio: 0.26 (81% below median its 10-year median of 1.35)
  • GF Value™: €3.51 vs. price of €1.38 (60.7% below fair value)
  • GF Score™: 48/100 with 3 warning signs
  • Industry Position: 79% below the Retail - Cyclical median (#87 of 803)

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


Natural Health Trends Business Description

Other Exchanges NHTC:USA
Address 609 Deep Valley Drive, Suite 395, Rolling Hills Estates, CA, USA, 90274
Natural Health Trends Corp is an international direct-selling and e-commerce company. It offers a line of products such as Wellness, Herbal, Beauty, Lifestyle, and Home. Wellness products include targeted nutrition for joint health, antioxidant support, digestive health, heart health, and vision health. Herbal products include anti-aging and hydrating cleansers, creams, lotions, serums, and toners. Lifestyle products improve the overall quality of life and support active, physical, and healthy lifestyles. Home products are designed to create a clean and natural living environment for the home. It generates a majority of its revenue from Hong Kong and the rest from China, Taiwan, Japan, the United States, and other regions.
48GF Score

Get the complete analysis for FRA:NAH

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

€1.38
Price
€3.51
GF Value