HXGCF (Hexagon Composites ASA) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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HXGCF Hexagon Composites ASA HXGCF
51 GF Score
Price $1.35
GF Value $0.92
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Hexagon Composites ASA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hexagon Composites ASA  (OTCPK:HXGCF) 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.


Hexagon Composites ASA Cyclically Adjusted PB Ratio Related Terms


Hexagon Composites ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hexagon Composites ASA'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.

Hexagon Composites ASA Cyclically Adjusted PB Ratio Chart

Hexagon Composites ASA 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 2.34 1.65 1.83 2.43 0.42

Hexagon Composites ASA 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 1.07 0.68 0.43 0.47 0.52

HXGCF vs SW, AMCR, PKG: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Hexagon Composites ASA'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.


Hexagon Composites ASA Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hexagon Composites ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hexagon Composites ASA's Cyclically Adjusted PB Ratio falls into.


HXGCF
51GF Score
Hexagon Composites ASA HXGCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hexagon Composites ASA 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.

Hexagon Composites ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hexagon Composites ASA'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)
=0.899/141.6200*141.6200
=0.899

Current CPI (Jun. 2026) = 141.6200.

Hexagon Composites ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.831 104.200 1.129
201612 0.927 104.400 1.257
201703 0.946 105.000 1.276
201706 0.987 105.800 1.321
201709 1.029 105.900 1.376
201712 1.044 106.100 1.394
201803 1.080 107.300 1.425
201806 1.062 108.500 1.386
201809 1.093 109.500 1.414
201812 1.083 109.800 1.397
201903 1.331 110.400 1.707
201906 1.326 110.600 1.698
201909 1.312 111.100 1.672
201912 1.351 111.300 1.719
202003 1.246 111.200 1.587
202006 -0.152 112.100 -0.192
202009 1.612 112.900 2.022
202012 2.102 112.900 2.637
202103 2.059 114.600 2.544
202106 2.007 115.300 2.465
202109 1.962 117.500 2.365
202112 1.968 118.900 2.344
202203 1.974 119.800 2.334
202206 1.811 122.600 2.092
202209 1.685 125.600 1.900
202212 1.752 125.900 1.971
202303 2.002 127.600 2.222
202306 2.006 130.400 2.179
202309 1.916 129.800 2.090
202312 1.580 131.900 1.696
202403 1.474 132.600 1.574
202406 1.766 133.800 1.869
202409 1.849 133.700 1.959
202412 1.483 134.800 1.558
202503 1.141 136.100 1.187
202506 1.138 137.800 1.170
202509 1.078 138.500 1.102
202512 1.042 139.140 1.061
202603 0.972 141.060 0.976
202606 0.899 141.620 0.899

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 Hexagon Composites ASA (HXGCF) Overvalued in 2026?

Based on GuruFocus' analysis, Hexagon Composites ASA stock appears to be overvalued. The current stock price of $1.35 is trading 46.7% above its estimated GF Value™ of $0.92. GuruFocus considers Hexagon Composites ASA to be Significantly Overvalued.

Key valuation signals for HXGCF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.92 vs. price of $1.35 (46.7% above fair value)
  • GF Score™: 51/100 with 7 warning signs

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


Hexagon Composites ASA Business Description

Address Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002
Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and other related products. The operating segments of the company are Hexagon Agility, and Hexagon Digital Wave. Hexagon Agility segment offers natural gas fuel systems and delivery solutions for the mobility market. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. The company operates through Europe, North America, Southeast Asia, Africa, Oceania and Norway.
51GF Score

Get the complete analysis for HXGCF

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

$1.35
Price
$0.92
GF Value