HNHAY (Hon Hai Precision Industry Co) Cyclically Adjusted PB Ratio: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hon Hai Precision Industry Co  (OTCPK:HNHAY) 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.


Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio Related Terms


Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hon Hai Precision Industry 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.

Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio Chart

Hon Hai Precision Industry 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 1.26 1.08 1.05 1.75 2.09

Hon Hai Precision Industry Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.75 1.36 1.48 1.96 2.09

HNHAY vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Hon Hai Precision Industry 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.


Hon Hai Precision Industry Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hon Hai Precision Industry Co's Cyclically Adjusted PB Ratio falls into.



Hon Hai Precision Industry 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.

Hon Hai Precision Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Hon Hai Precision Industry Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=8.099/324.0540*324.0540
=8.099

Current CPI (Dec. 2025) = 324.0540.

Hon Hai Precision Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 4.577 238.132 6.228
201606 4.384 241.018 5.894
201609 4.552 241.428 6.110
201612 4.864 241.432 6.529
201703 5.236 243.801 6.960
201706 5.055 244.955 6.687
201709 5.124 246.819 6.727
201712 5.222 246.524 6.864
201803 5.519 249.554 7.167
201806 5.700 251.989 7.330
201809 5.404 252.439 6.937
201812 5.680 251.233 7.326
201903 5.925 254.202 7.553
201906 5.610 256.143 7.097
201909 5.603 256.759 7.072
201912 5.913 256.974 7.457
202003 5.805 258.115 7.288
202006 5.691 257.797 7.154
202009 5.984 260.280 7.450
202012 6.637 260.474 8.257
202103 6.503 264.877 7.956
202106 6.769 271.696 8.073
202109 6.920 274.310 8.175
202112 7.178 278.802 8.343
202203 7.034 287.504 7.928
202206 6.779 296.311 7.414
202209 6.684 296.808 7.298
202212 6.828 296.797 7.455
202303 6.619 301.836 7.106
202306 6.516 305.109 6.921
202309 6.687 307.789 7.040
202312 6.894 306.746 7.283
202403 6.782 312.332 7.037
202406 6.802 314.175 7.016
202409 7.208 315.301 7.408
202412 7.273 315.605 7.468
202503 7.168 319.799 7.263
202506 7.098 322.561 7.131
202509 7.717 324.800 7.699
202512 8.099 324.054 8.099

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.


Hon Hai Precision Industry Co Business Description

Address 236 No. 2, Ziyou Street, Tucheng District, New Taipei, TWN, 236
Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for around 50% of overall revenue in 2025. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones, as well as producing servers. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.