Hedera Group AB (HAM:0HD) Cyclically Adjusted PB Ratio: 0.09 (As of Jul. 25, 2026) — 83% Below Median

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HAM:0HD Hedera Group AB HAM:0HD
51 GF Score
Price €0.04
GF Value €0.14
Valuation Possible Value Trap
! 3 Warning Signs
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What is Hedera Group AB Cyclically Adjusted PB Ratio?

Hedera Group AB HAM:0HD 51 Cyclically Adjusted PB Ratio is 0.09 as of Jul. 25, 2026, which is 83% below its 10-year median of 0.53. GuruFocus rates HAM:0HD with a GF Score™ of 51/100 and a GF Value™ of €0.14 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 729 Business Services companies, Hedera Group AB ranks better than 97.53% on this metric.

As of today (2026-07-25), Hedera Group AB's current share price is €0.0405. Hedera Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.44. Hedera Group AB's Cyclically Adjusted PB Ratio for today is 0.09.

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

HAM:0HD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.53   Max: 0.78
Current: 0.1

During the past years, Hedera Group AB's highest Cyclically Adjusted PB Ratio was 0.78. The lowest was 0.10. And the median was 0.53.

HAM:0HD's Cyclically Adjusted PB Ratio is ranked better than
97.53% of 729 companies
in the Business Services industry
Industry Median: 1.56 vs HAM:0HD: 0.10

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.

Hedera Group AB's adjusted book value per share data for the three months ended in Mar. 2026 was €0.275. 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 €0.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hedera Group AB  (HAM:0HD) 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.


Hedera Group AB Cyclically Adjusted PB Ratio Related Terms


Hedera Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hedera Group 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.

Hedera Group AB Cyclically Adjusted PB Ratio Chart

Hedera Group 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 0.00 0.71 0.73 0.53 0.12

Hedera Group AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.52 0.27 0.18 0.12 0.13

HAM:0HD vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Hedera Group 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.


Hedera Group AB Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Hedera Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:0HD
51GF Score
Hedera Group AB HAM:0HD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hedera Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0405/0.44
=0.09

* 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.

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

For example, Hedera Group AB's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.275/133.5600*133.5600
=0.275

Current CPI (Mar. 2026) = 133.5600.

Hedera Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.053 101.019 0.070
201609 0.071 101.138 0.094
201612 0.093 102.022 0.122
201703 0.115 102.022 0.151
201706 0.116 102.752 0.151
201709 0.137 103.279 0.177
201712 0.135 103.793 0.174
201803 0.542 103.962 0.696
201806 0.393 104.875 0.500
201809 0.412 105.679 0.521
201812 0.454 105.912 0.573
201903 0.438 105.886 0.552
201906 0.444 106.742 0.556
201909 0.498 107.214 0.620
201912 0.461 107.766 0.571
202003 0.431 106.563 0.540
202006 0.433 107.498 0.538
202009 0.443 107.635 0.550
202012 0.457 108.296 0.564
202103 0.460 108.360 0.567
202106 0.464 108.928 0.569
202109 0.472 110.338 0.571
202112 0.472 112.486 0.560
202203 0.540 114.825 0.628
202206 0.462 118.384 0.521
202209 0.486 122.296 0.531
202212 0.493 126.365 0.521
202303 0.505 127.042 0.531
202306 0.504 129.407 0.520
202309 0.536 130.224 0.550
202312 0.532 131.912 0.539
202403 0.526 132.205 0.531
202406 0.498 132.716 0.501
202409 0.504 132.304 0.509
202412 0.441 132.987 0.443
202503 0.525 132.825 0.528
202506 0.315 133.699 0.315
202509 0.298 133.480 0.298
202512 0.271 133.390 0.271
202603 0.275 133.560 0.275

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 0.09 mean?
Hedera Group AB (HAM:0HD) has a Cyclically Adjusted PB Ratio of 0.09 as of Jul. 25, 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 Hedera Group AB and its competitors. This is 83% below median its historical median of 0.53. Over the past decade, Hedera Group AB's Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.78. According to the industry distribution chart, Hedera Group AB ranks #18 out of 729 companies in the Business Services industry, placing it in the top 2.5%.
Is Hedera Group AB's Cyclically Adjusted PB Ratio too high?
Hedera Group AB's current Cyclically Adjusted PB Ratio of 0.09 is 83% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.78. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Hedera Group AB's value of 0.09 is 94.2% below this industry median. Based on the distribution chart, Hedera Group AB ranks #18 out of 729 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Hedera Group AB has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hedera Group AB's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Hedera Group AB ranks #18 out of 729 companies for Cyclically Adjusted PB Ratio. This places Hedera Group AB in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.56. Hedera Group AB's value of 0.09 is 94.2% below this benchmark. Historically, Hedera Group AB's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.78 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.56, Hedera Group 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 a Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 729 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. Hedera Group AB's current Cyclically Adjusted PB Ratio of 0.09 is 94.2% 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 Hedera Group AB and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hedera Group AB's current Cyclically Adjusted PB Ratio is 0.09, which is 83% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedera Group AB stock overvalued right now?
Based on GuruFocus' analysis, Hedera Group AB (HAM:0HD) is currently considered Possible Value Trap. The stock's GF Value™ is €0.14, compared to a current price of €0.04 — trading 71.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.09, which is 83% below median its 10-year median of 0.53 and 94.2% below the Business Services industry median of 1.56. Hedera Group AB's overall GF Score™ is 51/100 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 Hedera Group AB (HAM:0HD), the current Cyclically Adjusted PB Ratio is 0.09 as of Jul. 25, 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 Hedera Group AB (HAM:0HD) Overvalued in 2026?

Based on GuruFocus' analysis, Hedera Group AB stock appears to be undervalued. The current stock price of €0.04 is trading 71.1% below its estimated GF Value™ of €0.14. GuruFocus considers Hedera Group AB to be Possible Value Trap.

Key valuation signals for HAM:0HD:

  • Cyclically Adjusted PB Ratio: 0.09 (83% below median its 10-year median of 0.53)
  • GF Value™: €0.14 vs. price of €0.04 (71.1% below fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 94.2% below the Business Services median (#18 of 729)

No single metric tells the full story. See the HAM:0HD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hedera Group AB Business Description

Other Exchanges HEGR:Sweden
Address Vasagatan 15-17, Stockholm, SWE, SE 111 20
Hedera Group AB offers personal assistance, staffing and recruitment, as well as services within healthcare and social care. Hedera operates in two business areas, Hedera Assistance and Hedera Staffing. Within staffing there are two business areas, Hedera Life Science and Hedera Doctor & Nurse.
51GF Score

Get the complete analysis for HAM:0HD

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

€0.04
Price
€0.14
GF Value