HLNFF (High Liner Foods) Cyclically Adjusted PB Ratio: 0.93 (As of Aug. 07, 2026) — 21% Below Median

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HLNFF High Liner Foods Inc HLNFF
77 GF Score
Price $10.23
GF Value $12.29
Valuation Modestly Undervalued
! 3 Warning Signs
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What is High Liner Foods Cyclically Adjusted PB Ratio?

High Liner Foods HLNFF -2.29% 77 Cyclically Adjusted PB Ratio is 0.93 as of Aug. 07, 2026, which is 21% below its 10-year median of 1.18. GuruFocus rates HLNFF with a GF Score™ of 77/100 and a GF Value™ of $12.29 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,413 Consumer Packaged Goods companies, High Liner Foods ranks better than 60.51% on this metric.

As of today (2026-08-07), High Liner Foods's current share price is $10.23. High Liner Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.05. High Liner Foods's Cyclically Adjusted PB Ratio for today is 0.93.

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

HLNFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.18   Max: 4.19
Current: 0.95

During the past years, High Liner Foods's highest Cyclically Adjusted PB Ratio was 4.19. The lowest was 0.62. And the median was 1.18.

HLNFF's Cyclically Adjusted PB Ratio is ranked better than
60.51% of 1413 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs HLNFF: 0.95

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.

High Liner Foods's adjusted book value per share data for the three months ended in Mar. 2026 was $14.598. 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 $11.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


High Liner Foods  (OTCPK:HLNFF) 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.


High Liner Foods Cyclically Adjusted PB Ratio Related Terms


High Liner Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for High Liner Foods'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.

High Liner Foods Cyclically Adjusted PB Ratio Chart

High Liner Foods 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 1.50 1.21 0.94 1.17 0.99

High Liner Foods 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 1.21 1.26 1.16 0.99 0.97

HLNFF vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, High Liner Foods'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.


High Liner Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, High Liner Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where High Liner Foods's Cyclically Adjusted PB Ratio falls into.


HLNFF
77GF Score
High Liner Foods Inc HLNFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

High Liner Foods 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.

High Liner Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.23/11.05
=0.93

* 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.

High Liner Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, High Liner Foods'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)
=14.598/132.2623*132.2623
=14.598

Current CPI (Mar. 2026) = 132.2623.

High Liner Foods Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.948 102.002 9.009
201609 7.075 101.765 9.195
201612 7.129 101.449 9.294
201703 7.386 102.634 9.518
201706 7.556 103.029 9.700
201709 7.705 103.345 9.861
201712 8.055 103.345 10.309
201803 8.218 105.004 10.351
201806 8.160 105.557 10.224
201809 8.254 105.636 10.334
201812 7.904 105.399 9.919
201903 8.299 106.979 10.260
201906 8.255 107.690 10.139
201909 8.079 107.611 9.930
201912 8.033 107.769 9.859
202003 8.201 107.927 10.050
202006 8.322 108.401 10.154
202009 8.419 108.164 10.295
202012 8.733 108.559 10.640
202103 9.342 110.298 11.202
202106 9.617 111.720 11.385
202109 9.791 112.905 11.470
202112 9.977 113.774 11.598
202203 10.523 117.646 11.830
202206 10.971 120.806 12.011
202209 11.008 120.648 12.068
202212 11.255 120.964 12.306
202303 11.471 122.702 12.365
202306 11.611 124.203 12.364
202309 11.562 125.230 12.211
202312 11.686 125.072 12.358
202403 11.993 126.258 12.563
202406 13.256 127.522 13.749
202409 13.739 127.285 14.276
202412 13.669 127.364 14.195
202503 14.060 129.181 14.395
202506 14.402 129.892 14.665
202509 14.294 130.287 14.511
202512 14.327 130.366 14.535
202603 14.598 132.262 14.598

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 0.93 mean?
High Liner Foods (HLNFF) has a Cyclically Adjusted PB Ratio of 0.93 as of Aug. 07, 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 High Liner Foods and its competitors. This is 21% below median its historical median of 1.18. Over the past decade, High Liner Foods' Cyclically Adjusted PB Ratio has ranged from 0.62 to 4.19. According to the industry distribution chart, High Liner Foods ranks #558 out of 1413 companies in the Consumer Packaged Goods industry, placing it in the top 39.5%.
Is High Liner Foods' Cyclically Adjusted PB Ratio too high?
High Liner Foods' current Cyclically Adjusted PB Ratio of 0.93 is 21% below median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 4.19. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. High Liner Foods' value of 0.93 is 25% below this industry median. Based on the distribution chart, High Liner Foods ranks #558 out of 1413 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, High Liner Foods has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does High Liner Foods' Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, High Liner Foods ranks #558 out of 1413 companies for Cyclically Adjusted PB Ratio. This puts High Liner Foods in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. High Liner Foods' value of 0.93 is 25% below this benchmark. Historically, High Liner Foods' own Cyclically Adjusted PB Ratio has ranged from 0.62 to 4.19 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.24, High Liner Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.24, based on 1,413 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. High Liner Foods's current Cyclically Adjusted PB Ratio of 0.93 is 25% 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 High Liner Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Liner Foods's current Cyclically Adjusted PB Ratio is 0.93, which is 21% below median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Liner Foods stock overvalued right now?
Based on GuruFocus' analysis, High Liner Foods (HLNFF) is currently considered Modestly Undervalued. The stock's GF Value™ is $12.29, compared to a current price of $10.23 — trading 16.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 21% below median its 10-year median of 1.18 and 25% below the Consumer Packaged Goods industry median of 1.24. High Liner Foods' overall GF Score™ is 77/100 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 High Liner Foods (HLNFF), the current Cyclically Adjusted PB Ratio is 0.93 as of Aug. 07, 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 High Liner Foods (HLNFF) Overvalued in 2026?

Based on GuruFocus' analysis, High Liner Foods stock appears to be undervalued. The current stock price of $10.23 is trading 16.8% below its estimated GF Value™ of $12.29. GuruFocus considers High Liner Foods to be Modestly Undervalued.

Key valuation signals for HLNFF:

  • Cyclically Adjusted PB Ratio: 0.93 (21% below median its 10-year median of 1.18)
  • GF Value™: $12.29 vs. price of $10.23 (16.8% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 25% below the Consumer Packaged Goods median (#558 of 1413)

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


High Liner Foods Business Description

Other Exchanges 28Y:GermanyHLF:Canada
Address 100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0
High Liner Foods Inc is a Canadian company that is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company's retail branded products are sold throughout the United States and Canada under the High Liner, Sea Cuisine, Mrs. Paul's, Van de Kamp's, Fisher Boy, C.Wirthy, Mirabel, and Catch of the Day labels, and are available in grocery and club stores. It also sells branded products under the High Liner, Icelandic Seafood, Mirabel, and FPI labels to restaurants and institutions, and is a supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.
77GF Score

Get the complete analysis for HLNFF

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

$10.23
Price
$12.29
GF Value