HSII (Heidrick & Struggles International) Cyclically Adjusted PB Ratio: 2.95 (As of Jul. 04, 2026) — 59% Above Median


HSII Heidrick & Struggles International Inc HSII
65 GF Score
Price $59.01
GF Value $37.59
! 8 Warning Signs
View Full Analysis

What is Heidrick & Struggles International Cyclically Adjusted PB Ratio?

Heidrick & Struggles International HSII 65 Cyclically Adjusted PB Ratio is 2.95 as of Jul. 04, 2026, which is 59% above its 10-year median of 1.86. GuruFocus rates HSII with a GF Score™ of 65/100 and a GF Value™ of $37.59. The stock has 8 warning signs investors should review.

As of today (2026-07-04), Heidrick & Struggles International's current share price is $59.01. Heidrick & Struggles International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was $19.99. Heidrick & Struggles International's Cyclically Adjusted PB Ratio for today is 2.95.

The historical rank and industry rank for Heidrick & Struggles International's Cyclically Adjusted PB Ratio or its related term are showing as below:

HSII' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.86   Max: 3.15
Current: 2.95

During the past years, Heidrick & Struggles International's highest Cyclically Adjusted PB Ratio was 3.15. The lowest was 1.06. And the median was 1.86.

HSII's Cyclically Adjusted PB Ratio is not ranked
in the Business Services industry.
Industry Median: 1.555 vs HSII: 2.95

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.

Heidrick & Struggles International's adjusted book value per share data for the three months ended in Sep. 2025 was $24.492. 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 $19.99 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heidrick & Struggles International  (NAS:HSII) 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.


Heidrick & Struggles International Cyclically Adjusted PB Ratio Related Terms


Heidrick & Struggles International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Heidrick & Struggles International'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.

Heidrick & Struggles International Cyclically Adjusted PB Ratio Chart

Heidrick & Struggles International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.94 2.75 1.64 1.64 2.33

Heidrick & Struggles International Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 2.05 2.33 2.21 2.32 2.49

HSII vs MAN, NSP, BBSI: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Heidrick & Struggles International'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.


Heidrick & Struggles International Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Heidrick & Struggles International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Heidrick & Struggles International's Cyclically Adjusted PB Ratio falls into.


HSII
65GF Score
Heidrick & Struggles International Inc HSII
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heidrick & Struggles International 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.

Heidrick & Struggles International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.01/19.99
=2.95

* 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.

Heidrick & Struggles International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Heidrick & Struggles International's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=24.492/324.8000*324.8000
=24.492

Current CPI (Sep. 2025) = 324.8000.

Heidrick & Struggles International Quarterly Data

Book Value per Share CPI Adj_Book
201512 13.864 236.525 19.038
201603 13.742 238.132 18.743
201606 14.016 241.018 18.888
201609 14.305 241.428 19.245
201612 13.919 241.432 18.725
201703 13.801 243.801 18.386
201706 12.967 244.955 17.194
201709 13.363 246.819 17.585
201712 11.326 246.524 14.922
201803 12.183 249.554 15.856
201806 12.550 251.989 16.176
201809 13.392 252.439 17.231
201812 14.095 251.233 18.222
201903 14.305 254.202 18.278
201906 15.081 256.143 19.123
201909 15.509 256.759 19.619
201912 16.128 256.974 20.385
202003 16.175 258.115 20.354
202006 14.800 257.797 18.647
202009 13.485 260.280 16.828
202012 13.822 260.474 17.235
202103 14.288 264.877 17.520
202106 15.339 271.696 18.337
202109 16.499 274.310 19.536
202112 17.151 278.802 19.981
202203 17.789 287.504 20.097
202206 18.669 296.311 20.464
202209 19.361 296.808 21.187
202212 20.676 296.797 22.627
202303 21.026 301.836 22.626
202306 21.566 305.109 22.958
202309 21.824 307.789 23.030
202312 22.973 306.746 24.325
202403 23.152 312.332 24.076
202406 22.687 314.175 23.454
202409 23.680 315.301 24.393
202412 22.186 315.605 22.832
202503 22.552 319.799 22.905
202506 23.763 322.561 23.928
202509 24.492 324.800 24.492

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 2.95 mean?
Heidrick & Struggles International (HSII) has a Cyclically Adjusted PB Ratio of 2.95 as of Jul. 04, 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 Heidrick & Struggles International and its competitors. This is 59% above median its historical median of 1.86. Over the past decade, Heidrick & Struggles International's Cyclically Adjusted PB Ratio has ranged from 1.06 to 3.15.
Is Heidrick & Struggles International's Cyclically Adjusted PB Ratio too high?
Heidrick & Struggles International's current Cyclically Adjusted PB Ratio of 2.95 is 59% above median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 3.15. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Heidrick & Struggles International's value of 2.95 is 89.7% above this industry median. Overall, Heidrick & Struggles International has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Heidrick & Struggles International's Cyclically Adjusted PB Ratio compare to MAN and NSP?
Heidrick & Struggles International's Cyclically Adjusted PB Ratio of 2.95 can be compared against companies in the Business Services industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Heidrick & Struggles International's value of 2.95 is 89.7% above this benchmark. Historically, Heidrick & Struggles International's own Cyclically Adjusted PB Ratio has ranged from 1.06 to 3.15 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 1.56, Heidrick & Struggles International 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 730 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. Heidrick & Struggles International's current Cyclically Adjusted PB Ratio of 2.95 is 89.7% 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 Heidrick & Struggles International and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heidrick & Struggles International's current Cyclically Adjusted PB Ratio is 2.95, which is 59% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heidrick & Struggles International stock overvalued right now?
Heidrick & Struggles International (HSII) has a current Cyclically Adjusted PB Ratio of 2.95. The stock's GF Value™ is $37.59, compared to a current price of $59.01 — trading 57% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.95, which is 59% above median its 10-year median of 1.86 and 89.7% above the Business Services industry median of 1.56. Heidrick & Struggles International's overall GF Score™ is 65/100 with 8 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 Heidrick & Struggles International (HSII), the current Cyclically Adjusted PB Ratio is 2.95 as of Jul. 04, 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 Heidrick & Struggles International (HSII) Overvalued in 2026?

Based on GuruFocus' analysis, Heidrick & Struggles International stock appears to be overvalued. The current stock price of $59.01 is trading 57% above its estimated GF Value™ of $37.59.

Key valuation signals for HSII:

  • Cyclically Adjusted PB Ratio: 2.95 (59% above median its 10-year median of 1.86)
  • GF Value™: $37.59 vs. price of $59.01 (57% above fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 89.7% above the Business Services median

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


Heidrick & Struggles International Business Description

Address 233 South Wacker Drive, Suite 4900, Chicago, IL, USA, 60606-6303
Heidrick & Struggles International Inc is a leadership advisory firm providing executive search and consulting services to businesses and business leaders world wide. The company's operating segments include the executive search business which operates in the Americas; Europe; Asia Pacific and On-Demand Talent and Heidrick Consulting. It generates maximum revenue from the Americas.
65GF Score

Get the complete analysis for HSII

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

$59.01
Price
$37.59
GF Value