HBBHF (HORNBACH Holding AG and Co KGaA) Cyclically Adjusted PB Ratio: 0.70 (As of Aug. 15, 2026) — 13% Below Median

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HBBHF HORNBACH Holding AG and Co KGaA HBBHF
72 GF Score
Price $75.25
GF Value $75.62
! 3 Warning Signs
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What is HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio?

HORNBACH Holding AG and Co KGaA HBBHF -43.84% 72 Cyclically Adjusted PB Ratio is 0.70 as of Aug. 15, 2026, which is 13% below its 10-year median of 0.80. GuruFocus rates HBBHF with a GF Score™ of 72/100 and a GF Value™ of $75.62. The stock has 3 warning signs investors should review. Among 794 Retail - Cyclical companies, HORNBACH Holding AG and Co KGaA ranks better than 67.63% on this metric.

As of today (2026-08-15), HORNBACH Holding AG and Co KGaA's current share price is $75.25. HORNBACH Holding AG and Co KGaA's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was $107.76. HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio for today is 0.70.

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

HBBHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.8   Max: 1.71
Current: 0.72

During the past years, HORNBACH Holding AG and Co KGaA's highest Cyclically Adjusted PB Ratio was 1.71. The lowest was 0.49. And the median was 0.80.

HBBHF's Cyclically Adjusted PB Ratio is ranked better than
67.63% of 794 companies
in the Retail - Cyclical industry
Industry Median: 1.205 vs HBBHF: 0.72

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.

HORNBACH Holding AG and Co KGaA's adjusted book value per share data for the three months ended in May. 2026 was $157.983. 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 $107.76 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


HORNBACH Holding AG and Co KGaA  (OTCPK:HBBHF) 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.


HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio Related Terms


HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HORNBACH Holding AG and Co KGaA'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.

HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio Chart

HORNBACH Holding AG and Co KGaA Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.43 0.84 0.69 0.75 0.76

HORNBACH Holding AG and Co KGaA Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.82 0.94 0.80 0.76 0.70

HBBHF vs HD, LOW, FND: Cyclically Adjusted PB Ratio Comparison

For the Home Improvement Retail subindustry, HORNBACH Holding AG and Co KGaA'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.


HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio falls into.


HBBHF
72GF Score
HORNBACH Holding AG and Co KGaA HBBHF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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HORNBACH Holding AG and Co KGaA 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.

HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=75.25/107.76
=0.70

* 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.

HORNBACH Holding AG and Co KGaA's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, HORNBACH Holding AG and Co KGaA's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=157.983/131.7855*131.7855
=157.983

Current CPI (May. 2026) = 131.7855.

HORNBACH Holding AG and Co KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201608 81.145 101.017 105.861
201611 79.295 100.517 103.962
201702 77.197 101.217 100.511
201705 83.708 101.817 108.346
201708 90.874 102.617 116.704
201711 91.374 102.117 117.921
201802 93.916 102.317 120.965
201805 93.050 103.917 118.004
201808 92.627 104.517 116.793
201811 91.900 104.217 116.210
201902 89.152 103.817 113.169
201905 91.329 105.418 114.173
201908 92.857 106.018 115.426
201911 94.008 105.318 117.634
202002 91.503 105.618 114.174
202005 97.777 106.018 121.542
202008 111.228 106.018 138.262
202011 113.431 105.018 142.344
202102 111.959 107.018 137.870
202105 120.113 108.170 146.337
202108 120.500 109.118 145.531
202111 119.442 110.173 142.873
202202 115.657 111.754 136.388
202205 114.839 115.760 130.737
202208 113.753 116.709 128.447
202211 116.201 119.872 127.750
202302 118.853 121.454 128.964
202305 124.960 122.824 134.077
202308 126.552 123.878 134.630
202311 127.493 123.668 135.862
202402 124.664 124.511 131.948
202405 131.486 125.776 137.768
202408 136.444 126.198 142.485
202411 132.582 126.409 138.221
202502 127.324 127.358 131.751
202505 145.165 128.412 148.979
202508 151.727 128.939 155.077
202511 151.910 129.361 154.758
202602 152.563 129.782 154.918
202605 157.983 131.786 157.983

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 0.70 mean?
HORNBACH Holding AG and Co KGaA (HBBHF) has a Cyclically Adjusted PB Ratio of 0.70 as of Aug. 15, 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 HORNBACH Holding AG and Co KGaA and its competitors. This is 13% below median its historical median of 0.80. Over the past decade, HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.71. According to the industry distribution chart, HORNBACH Holding AG and Co KGaA ranks #257 out of 794 companies in the Retail - Cyclical industry, placing it in the top 32.4%.
Is HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio too high?
HORNBACH Holding AG and Co KGaA's current Cyclically Adjusted PB Ratio of 0.70 is 13% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.71. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. HORNBACH Holding AG and Co KGaA's value of 0.70 is 41.9% below this industry median. Based on the distribution chart, HORNBACH Holding AG and Co KGaA ranks #257 out of 794 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, HORNBACH Holding AG and Co KGaA has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, HORNBACH Holding AG and Co KGaA ranks #257 out of 794 companies for Cyclically Adjusted PB Ratio. This puts HORNBACH Holding AG and Co KGaA in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. HORNBACH Holding AG and Co KGaA's value of 0.70 is 41.9% below this benchmark. Historically, HORNBACH Holding AG and Co KGaA's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.71 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.21, HORNBACH Holding AG and Co KGaA 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 1.21, based on 794 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. HORNBACH Holding AG and Co KGaA's current Cyclically Adjusted PB Ratio of 0.70 is 41.9% 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 HORNBACH Holding AG and Co KGaA and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HORNBACH Holding AG and Co KGaA's current Cyclically Adjusted PB Ratio is 0.70, which is 13% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HORNBACH Holding AG and Co KGaA stock overvalued right now?
HORNBACH Holding AG and Co KGaA (HBBHF) has a current Cyclically Adjusted PB Ratio of 0.70. The stock's GF Value™ is $75.62, compared to a current price of $75.25 — trading 0.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is 13% below median its 10-year median of 0.80 and 41.9% below the Retail - Cyclical industry median of 1.21. HORNBACH Holding AG and Co KGaA's overall GF Score™ is 72/100 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 HORNBACH Holding AG and Co KGaA (HBBHF), the current Cyclically Adjusted PB Ratio is 0.70 as of Aug. 15, 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 HORNBACH Holding AG and Co KGaA (HBBHF) Overvalued in 2026?

Based on GuruFocus' analysis, HORNBACH Holding AG and Co KGaA stock appears to be undervalued. The current stock price of $75.25 is trading 0.5% below its estimated GF Value™ of $75.62.

Key valuation signals for HBBHF:

  • Cyclically Adjusted PB Ratio: 0.70 (13% below median its 10-year median of 0.80)
  • GF Value™: $75.62 vs. price of $75.25 (0.5% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 41.9% below the Retail - Cyclical median (#257 of 794)

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


HORNBACH Holding AG and Co KGaA Business Description

Address Le Quartier Hornbach 19, Neustadt an der Weinstrasse, DEU, 67433
HORNBACH Holding AG and Co KGaA and its subsidiaries are involved in the business of Retail and Real estate segments. The company's operating segment include HORNBACH Baumarkt subgroup; HORNBACH Baustoff Union GmbH subgroup, and HORNBACH Immobilien AG subgroup. It generates maximum revenue from the HORNBACH Baumarkt subgroup segment. Geographically, it derives a majority of revenue from Germany. Products are structured in the following divisions: Hardware/Electrical, Paint/Wallpaper/Flooring, Construction Materials/Timber/Prefabricated Components, Sanitary/Tiles, and Garden. The company operates in Germany and other European countries.
72GF Score

Get the complete analysis for HBBHF

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

$75.25
Price
$75.62
GF Value