Give AG (HAM:M4N) Cyclically Adjusted PB Ratio: 0.38 (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:M4N Give AG HAM:M4N
47 GF Score
Price €1.44
View Full Analysis

What is Give AG Cyclically Adjusted PB Ratio?

Give AG HAM:M4N 47 Cyclically Adjusted PB Ratio is 0.38 as of Aug. 03, 2026. GuruFocus rates HAM:M4N with a GF Score™ of 47/100.

As of today (2026-08-03), Give AG's current share price is €1.44. Give AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was €3.76. Give AG's Cyclically Adjusted PB Ratio for today is 0.38.

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

HAM:M4N's Cyclically Adjusted PB Ratio is not ranked *
in the Construction industry.
Industry Median: 1.14
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Give AG's adjusted book value per share data of for the fiscal year that ended in Dec24 was €1.835. 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 €3.76 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Give AG  (HAM:M4N) 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.


Give AG Cyclically Adjusted PB Ratio Related Terms


Give AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Give AG'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.

Give AG Cyclically Adjusted PB Ratio Chart

Give AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 1.00 0.67 0.00 0.38

Give AG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Dec24
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 0.00 0.67 0.00 0.00 0.38

HAM:M4N vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Give AG'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.


Give AG Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Give AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:M4N
47GF Score
Give AG HAM:M4N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Give AG 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.

Give AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.44/3.76
=0.38

* 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.

Give AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Give AG's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=1.835/127.0412*127.0412
=1.835

Current CPI (Dec24) = 127.0412.

Give AG Annual Data

Book Value per Share CPI Adj_Book
201512 3.076 99.717 3.919
201612 3.124 101.217 3.921
201712 3.250 102.617 4.024
201812 3.393 104.217 4.136
201912 3.584 105.818 4.303
202012 3.372 105.518 4.060
202112 3.638 110.384 4.187
202212 3.286 119.345 3.498
202312 0.000 123.773 0.000
202412 1.835 127.041 1.835

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 0.38 mean?
Give AG (HAM:M4N) has a Cyclically Adjusted PB Ratio of 0.38 as of Aug. 03, 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 Give AG and its competitors.
Is Give AG's Cyclically Adjusted PB Ratio too high?
Give AG's current Cyclically Adjusted PB Ratio is 0.38. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Give AG's value of 0.38 is 66.7% below this industry median. Overall, Give AG has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Give AG's Cyclically Adjusted PB Ratio compare to PWR and FIX?
Give AG's Cyclically Adjusted PB Ratio of 0.38 can be compared against companies in the Construction industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Give AG's value of 0.38 is 66.7% below this benchmark. 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.14, based on 1,345 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. Give AG's current Cyclically Adjusted PB Ratio of 0.38 is 66.7% 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 Give AG and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Give AG's current Cyclically Adjusted PB Ratio is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Give AG stock overvalued right now?
Give AG (HAM:M4N) has a current Cyclically Adjusted PB Ratio of 0.38. The current Cyclically Adjusted PB Ratio is 0.38 and 66.7% below the Construction industry median of 1.14. Give AG's overall GF Score™ is 47/100. 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 Give AG (HAM:M4N), the current Cyclically Adjusted PB Ratio is 0.38 as of Aug. 03, 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.

Give AG Business Description

Address Schlinckstrasse 3, Hamburg, DEU, 21107
Muehlhan AG is a Germany-based holding company operating in four segments namely; Ship segment comprises surface coating maintenance and renovation services, such as repair work on hull plankings, as well as the restoration of water, ballast, fuel, and cargo tanks; Oil and gas segment comprises of surface and fire protection, insulation, and scaffolding services; Renewables segment comprises of surface-protection services to the renewable energy market, and Construction/Infrastructure segment comprises of provides coating and scaffolding solutions to industrial customers. It generates contributes a majority of revenue from the Renewables segment. Majority of its revenue comes from the European market, while it also has a presence in the Middle East, North America.
47GF Score

Get the complete analysis for HAM:M4N

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

€1.44
Price