HMFAF (Hammond Manufacturing Co) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.

HMFAF Hammond Manufacturing Co Ltd HMFAF
80 GF Score
Price $19.39
GF Value $8.59
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Hammond Manufacturing Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hammond Manufacturing Co  (OTCPK:HMFAF) 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.


Hammond Manufacturing Co Cyclically Adjusted PB Ratio Related Terms


Hammond Manufacturing Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hammond Manufacturing Co'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.

Hammond Manufacturing Co Cyclically Adjusted PB Ratio Chart

Hammond Manufacturing Co 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 0.25 0.22 1.39 1.46 1.51

Hammond Manufacturing Co 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 1.43 1.32 1.57 1.39 1.93

HMFAF vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Hammond Manufacturing Co'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.


Hammond Manufacturing Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hammond Manufacturing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hammond Manufacturing Co's Cyclically Adjusted PB Ratio falls into.


HMFAF
80GF Score
Hammond Manufacturing Co Ltd HMFAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hammond Manufacturing Co 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.

Hammond Manufacturing Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hammond Manufacturing Co'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)
=9.041/133.5265*133.5265
=9.041

Current CPI (Jun. 2026) = 133.5265.

Hammond Manufacturing Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.892 101.765 3.795
201612 2.846 101.449 3.746
201703 2.919 102.634 3.798
201706 3.079 103.029 3.990
201709 3.220 103.345 4.160
201712 3.278 103.345 4.235
201803 3.284 105.004 4.176
201806 3.299 105.557 4.173
201809 3.419 105.636 4.322
201812 3.320 105.399 4.206
201903 3.468 106.979 4.329
201906 3.594 107.690 4.456
201909 3.602 107.611 4.469
201912 3.724 107.769 4.614
202003 3.516 107.927 4.350
202006 3.749 108.401 4.618
202009 3.841 108.164 4.742
202012 4.262 108.559 5.242
202103 4.425 110.298 5.357
202106 4.612 111.720 5.512
202109 4.629 112.905 5.474
202112 4.798 113.774 5.631
202203 4.957 117.646 5.626
202206 4.995 120.806 5.521
202209 4.922 120.648 5.447
202212 5.310 120.964 5.861
202303 5.567 122.702 6.058
202306 6.023 124.203 6.475
202309 6.169 125.230 6.578
202312 6.624 125.072 7.072
202403 6.772 126.258 7.162
202406 7.022 127.522 7.353
202409 7.356 127.285 7.717
202412 7.333 127.364 7.688
202503 7.589 129.181 7.844
202506 8.160 129.892 8.388
202509 8.267 130.287 8.473
202512 8.473 130.366 8.678
202603 8.669 132.262 8.752
202606 9.041 133.527 9.041

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 Hammond Manufacturing Co (HMFAF) Overvalued in 2026?

Based on GuruFocus' analysis, Hammond Manufacturing Co stock appears to be overvalued. The current stock price of $19.39 is trading 125.7% above its estimated GF Value™ of $8.59. GuruFocus considers Hammond Manufacturing Co to be Significantly Overvalued.

Key valuation signals for HMFAF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $8.59 vs. price of $19.39 (125.7% above fair value)
  • GF Score™: 80/100 with 5 warning signs

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


Hammond Manufacturing Co Business Description

Other Exchanges HMM.A:Canada
Address 394 Edinburgh Road North, Guelph, ON, CAN, N1H 1E5
Hammond Manufacturing Co Ltd is involved in the design, manufacture and sale of electrical and electronic components. Its geographical segments are Canada, the United States, and other countries, of which key revenue is derived from the United States. The company operates in one operating segment, electrical and electronic components. The company generates revenue through the manufacturing and sales of industrial enclosures, electronic enclosures, racks and cabinets, transformers and other products. Its manufactured products include electrical and electronic enclosures, racks and cabinets, power bars, and electronic (low-voltage) transformers.
80GF Score

Get the complete analysis for HMFAF

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

$19.39
Price
$8.59
GF Value