HHBHF (Hartalega Holdings Bhd) Cyclically Adjusted PB Ratio: (As of Aug. 06, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

HHBHF Hartalega Holdings Bhd HHBHF
72 GF Score
Price $2.55
GF Value $5.89
! 3 Warning Signs
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What is Hartalega Holdings Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hartalega Holdings Bhd  (OTCPK:HHBHF) 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.


Hartalega Holdings Bhd Cyclically Adjusted PB Ratio Related Terms


Hartalega Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hartalega Holdings Bhd'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.

Hartalega Holdings Bhd Cyclically Adjusted PB Ratio Chart

Hartalega Holdings Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.47 2.11 2.67 1.66 0.92

Hartalega Holdings Bhd 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 1.41 0.98 0.82 0.92 0.00

HHBHF vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Hartalega Holdings Bhd'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.


Hartalega Holdings Bhd Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hartalega Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HHBHF
72GF Score
Hartalega Holdings Bhd HHBHF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hartalega Holdings Bhd 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.

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

For example, Hartalega Holdings Bhd'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)
=0.319/333.9520*333.9520
=0.319

Current CPI (Jun. 2026) = 333.9520.

Hartalega Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.117 241.428 0.162
201612 0.110 241.432 0.152
201703 0.115 243.801 0.158
201706 0.125 244.955 0.170
201709 0.134 246.819 0.181
201712 0.143 246.524 0.194
201803 0.154 249.554 0.206
201806 0.156 251.989 0.207
201809 0.155 252.439 0.205
201812 0.159 251.233 0.211
201903 0.165 254.202 0.217
201906 0.165 256.143 0.215
201909 0.168 256.759 0.219
201912 0.176 256.974 0.229
202003 0.175 258.115 0.226
202006 0.187 257.797 0.242
202009 0.238 260.280 0.305
202012 0.301 260.474 0.386
202103 0.353 264.877 0.445
202106 0.462 271.696 0.568
202109 0.475 274.310 0.578
202112 0.405 278.802 0.485
202203 0.357 287.504 0.415
202206 0.338 296.311 0.381
202209 0.321 296.808 0.361
202212 0.329 296.797 0.370
202303 0.304 301.836 0.336
202306 0.290 305.109 0.317
202309 0.289 307.789 0.314
202312 0.292 306.746 0.318
202403 0.289 312.332 0.309
202406 0.291 314.175 0.309
202409 0.323 315.301 0.342
202412 0.283 315.605 0.299
202503 0.286 319.799 0.299
202506 0.300 322.561 0.311
202509 0.303 324.800 0.312
202512 0.315 324.054 0.325
202603 0.328 330.213 0.332
202606 0.319 333.952 0.319

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 Hartalega Holdings Bhd (HHBHF) Overvalued in 2026?

Based on GuruFocus' analysis, Hartalega Holdings Bhd stock appears to be undervalued. The current stock price of $2.55 is trading 56.7% below its estimated GF Value™ of $5.89.

Key valuation signals for HHBHF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $5.89 vs. price of $2.55 (56.7% below fair value)
  • GF Score™: 72/100 with 3 warning signs

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


Hartalega Holdings Bhd Business Description

Other Exchanges 5168:Malaysia
Address C-G-9, Jalan Dataran SD1, Dataran SD, PJU 9, Bandar Sri Damansara, Kuala Lumpur, SGR, MYS, 52200
Hartalega Holdings Bhd is a holding company whose subsidiaries manufacture and sell a variety of nitrile, Polyisoprene, Polychloroprene, and latex gloves. The company's gloves are used in laboratories and healthcare facilities. The company organizes its segments based on geography: North America, Europe, Asia, Australia, Malaysia, the Middle East, and Others. More revenue comes from the North America segment than from any other.
72GF Score

Get the complete analysis for HHBHF

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

$2.55
Price
$5.89
GF Value