HLAGF (Hapag-Lloyd AG) Cyclically Adjusted PB Ratio: 1.47 (As of Aug. 12, 2026) — 40% Below Median

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HLAGF Hapag-Lloyd AG HLAGF
73 GF Score
Price $138.90
GF Value $142.72
Valuation Fairly Valued
! 13 Warning Signs
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What is Hapag-Lloyd AG Cyclically Adjusted PB Ratio?

Hapag-Lloyd AG HLAGF 73 Cyclically Adjusted PB Ratio is 1.47 as of Aug. 12, 2026, which is 40% below its 10-year median of 2.45. GuruFocus rates HLAGF with a GF Score™ of 73/100 and a GF Value™ of $142.72 (Fairly Valued). The stock has 13 warning signs investors should review. Among 728 Transportation companies, Hapag-Lloyd AG ranks worse than 56.87% on this metric.

As of today (2026-08-12), Hapag-Lloyd AG's current share price is $138.9012. Hapag-Lloyd AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $94.48. Hapag-Lloyd AG's Cyclically Adjusted PB Ratio for today is 1.47.

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

HLAGF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.32   Med: 2.45   Max: 9.83
Current: 1.5

During the past years, Hapag-Lloyd AG's highest Cyclically Adjusted PB Ratio was 9.83. The lowest was 1.32. And the median was 2.45.

HLAGF's Cyclically Adjusted PB Ratio is ranked worse than
56.87% of 728 companies
in the Transportation industry
Industry Median: 1.3 vs HLAGF: 1.50

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.

Hapag-Lloyd AG's adjusted book value per share data for the three months ended in Mar. 2026 was $118.865. 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 $94.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hapag-Lloyd AG  (OTCPK:HLAGF) 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.


Hapag-Lloyd AG Cyclically Adjusted PB Ratio Related Terms


Hapag-Lloyd AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hapag-Lloyd 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.

Hapag-Lloyd AG Cyclically Adjusted PB Ratio Chart

Hapag-Lloyd AG 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 6.70 3.26 2.07 2.06 1.46

Hapag-Lloyd AG 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 1.83 1.63 1.41 1.46 1.45

Hapag-Lloyd AG Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Hapag-Lloyd 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.


Hapag-Lloyd AG Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Hapag-Lloyd AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HLAGF
73GF Score
Hapag-Lloyd AG HLAGF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hapag-Lloyd 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.

Hapag-Lloyd AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=138.9012/94.48
=1.47

* 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.

Hapag-Lloyd AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hapag-Lloyd AG'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)
=118.865/131.2583*131.2583
=118.865

Current CPI (Mar. 2026) = 131.2583.

Hapag-Lloyd AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 44.545 100.717 58.053
201609 44.423 101.017 57.722
201612 44.659 101.217 57.914
201703 44.221 101.417 57.233
201706 37.847 102.117 48.647
201709 39.133 102.717 50.007
201712 40.708 102.617 52.070
201803 41.115 102.917 52.437
201806 40.770 104.017 51.447
201809 41.034 104.718 51.434
201812 40.446 104.217 50.940
201903 41.221 104.217 51.916
201906 40.611 105.718 50.422
201909 41.963 106.018 51.954
201912 41.765 105.818 51.806
202003 42.719 105.718 53.040
202006 42.776 106.618 52.662
202009 44.427 105.818 55.108
202012 46.425 105.518 57.750
202103 56.063 107.518 68.442
202106 62.219 108.486 75.280
202109 81.912 109.435 98.247
202112 103.821 110.384 123.455
202203 129.922 113.968 149.633
202206 123.448 115.760 139.975
202209 153.325 118.818 169.378
202212 168.116 119.345 184.898
202303 178.178 122.402 191.069
202306 117.327 123.140 125.062
202309 119.995 124.195 126.820
202312 115.960 123.773 122.973
202403 120.349 125.038 126.336
202406 112.723 125.882 117.538
202409 117.268 126.198 121.970
202412 123.888 127.041 128.000
202503 125.088 127.779 128.494
202506 115.900 128.412 118.469
202509 118.568 129.255 120.405
202512 119.456 129.361 121.208
202603 118.865 131.258 118.865

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 1.47 mean?
Hapag-Lloyd AG (HLAGF) has a Cyclically Adjusted PB Ratio of 1.47 as of Aug. 12, 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 Hapag-Lloyd AG and its competitors. This is 40% below median its historical median of 2.45. Over the past decade, Hapag-Lloyd AG's Cyclically Adjusted PB Ratio has ranged from 1.32 to 9.83. According to the industry distribution chart, Hapag-Lloyd AG ranks #414 out of 728 companies in the Transportation industry, placing it in the top 56.9%.
Is Hapag-Lloyd AG's Cyclically Adjusted PB Ratio too high?
Hapag-Lloyd AG's current Cyclically Adjusted PB Ratio of 1.47 is 40% below median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 9.83. The Transportation industry median Cyclically Adjusted PB Ratio is 1.30. Hapag-Lloyd AG's value of 1.47 is 13.1% above this industry median. Based on the distribution chart, Hapag-Lloyd AG ranks #414 out of 728 companies in the Transportation industry, which is below the industry midpoint. Overall, Hapag-Lloyd AG has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hapag-Lloyd AG's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Hapag-Lloyd AG ranks #414 out of 728 companies for Cyclically Adjusted PB Ratio. This places Hapag-Lloyd AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.30. Hapag-Lloyd AG's value of 1.47 is 13.1% above this benchmark. Historically, Hapag-Lloyd AG's own Cyclically Adjusted PB Ratio has ranged from 1.32 to 9.83 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 1.30, Hapag-Lloyd AG has consistently been above 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.30, based on 728 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. Hapag-Lloyd AG's current Cyclically Adjusted PB Ratio of 1.47 is 13.1% above 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 Hapag-Lloyd AG and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hapag-Lloyd AG's current Cyclically Adjusted PB Ratio is 1.47, which is 40% below median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hapag-Lloyd AG stock overvalued right now?
Based on GuruFocus' analysis, Hapag-Lloyd AG (HLAGF) is currently considered Fairly Valued. The stock's GF Value™ is $142.72, compared to a current price of $138.90 — trading 2.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.47, which is 40% below median its 10-year median of 2.45 and 13.1% above the Transportation industry median of 1.30. Hapag-Lloyd AG's overall GF Score™ is 73/100 with 13 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 Hapag-Lloyd AG (HLAGF), the current Cyclically Adjusted PB Ratio is 1.47 as of Aug. 12, 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 Hapag-Lloyd AG (HLAGF) Overvalued in 2026?

Based on GuruFocus' analysis, Hapag-Lloyd AG stock appears to be undervalued. The current stock price of $138.90 is trading 2.7% below its estimated GF Value™ of $142.72. GuruFocus considers Hapag-Lloyd AG to be Fairly Valued.

Key valuation signals for HLAGF:

  • Cyclically Adjusted PB Ratio: 1.47 (40% below median its 10-year median of 2.45)
  • GF Value™: $142.72 vs. price of $138.90 (2.7% below fair value)
  • GF Score™: 73/100 with 13 warning signs
  • Industry Position: 13.1% above the Transportation median (#414 of 728)

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


Hapag-Lloyd AG Business Description

Address Ballindamm 25, Hamburg, DEU, 20095
Germany-listed Hapag-Lloyd operates in global trade, shipping, inland services, and terminal assets. Hapag-Lloyd liner shipping, the largest contributor to group revenue and earnings, has the fifth-largest shipping capacity globally. Hapag also provides a range of services, including e-business solutions, inland services, and terminal operations.
73GF Score

Get the complete analysis for HLAGF

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

$138.90
Price
$142.72
GF Value