HELLENiQ ENERGY Holdings (HAM:HLPN) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

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Director of Data and Quant Analytics at GuruFocus
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HAM:HLPN HELLENiQ ENERGY Holdings SA HAM:HLPN
46 GF Score
Price €14.98
GF Value €8.46
Valuation Significantly Overvalued
! 8 Warning Signs
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What is HELLENiQ ENERGY Holdings Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


HELLENiQ ENERGY Holdings  (HAM:HLPN) 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.


HELLENiQ ENERGY Holdings Cyclically Adjusted PB Ratio Related Terms


HELLENiQ ENERGY Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HELLENiQ ENERGY Holdings'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.

HELLENiQ ENERGY Holdings Cyclically Adjusted PB Ratio Chart

HELLENiQ ENERGY Holdings 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 0.89 1.00 0.91 0.90 0.95

HELLENiQ ENERGY Holdings 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 0.95 0.97 0.95 1.09 1.19

HAM:HLPN vs : Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, HELLENiQ ENERGY Holdings'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.


HELLENiQ ENERGY Holdings Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, HELLENiQ ENERGY Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:HLPN
46GF Score
HELLENiQ ENERGY Holdings SA HAM:HLPN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HELLENiQ ENERGY Holdings 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.

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

For example, HELLENiQ ENERGY Holdings'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)
=11.143/126.7200*126.7200
=11.143

Current CPI (Jun. 2026) = 126.7200.

HELLENiQ ENERGY Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.176 99.878 7.836
201612 6.674 100.110 8.448
201703 7.045 100.770 8.859
201706 6.955 101.138 8.714
201709 7.315 100.882 9.189
201712 7.586 100.762 9.540
201803 7.829 100.534 9.868
201806 8.025 102.121 9.958
201809 8.452 101.982 10.502
201812 7.626 101.330 9.537
201903 7.806 101.482 9.747
201906 7.546 101.837 9.390
201909 7.662 101.906 9.528
201912 7.401 102.120 9.184
202003 6.203 101.479 7.746
202006 6.032 100.239 7.626
202009 5.886 99.886 7.467
202012 5.845 99.751 7.425
202103 6.142 99.817 7.797
202106 6.400 101.270 8.008
202109 6.566 102.095 8.150
202112 6.755 104.853 8.164
202203 7.835 108.651 9.138
202206 9.170 113.517 10.237
202209 9.626 114.371 10.665
202212 8.702 112.428 9.808
202303 9.190 113.620 10.250
202306 8.722 115.515 9.568
202309 9.795 116.234 10.679
202312 9.421 116.364 10.259
202403 10.047 117.285 10.855
202406 9.543 118.129 10.237
202409 8.847 119.650 9.370
202412 8.857 119.360 9.403
202503 8.885 120.133 9.372
202506 8.280 121.399 8.643
202509 8.781 121.950 9.124
202512 8.742 122.450 9.047
202603 9.766 124.820 9.915
202606 11.143 126.720 11.143

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.

Is HELLENiQ ENERGY Holdings (HAM:HLPN) Overvalued in 2026?

Based on GuruFocus' analysis, HELLENiQ ENERGY Holdings stock appears to be overvalued. The current stock price of €14.98 is trading 77.1% above its estimated GF Value™ of €8.46. GuruFocus considers HELLENiQ ENERGY Holdings to be Significantly Overvalued.

Key valuation signals for HAM:HLPN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €8.46 vs. price of €14.98 (77.1% above fair value)
  • GF Score™: 46/100 with 8 warning signs

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


HELLENiQ ENERGY Holdings Business Description

Industry EnergyOil & Gas
Comparable Companies
Other Exchanges HLPMF:USAELPE:Greece0K9U:UK
Address 8A Chimarras Street, Maroussi, GRC, 151 25
HELLENiQ ENERGY Holdings SA is a holding company and provides administrative and financial services to its subsidiaries. The company operates in the energy sector predominantly in Greece, as well as in the wider South Eastern Europe / East Mediterranean region. Its segments include Refining, Supply and Trading, Production and Trading of Petrochemicals, Marketing (Domestic and International), Power (Renewable Energy Sources and Power & Gas), Exploration and Production of Hydrocarbons and Electromobility. The majority of the revenue is derived from the Refining segment.
46GF Score

Get the complete analysis for HAM:HLPN

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

€14.98
Price
€8.46
GF Value