Hoechst Pakistan (KAR:HPL) Cyclically Adjusted PB Ratio: 6.69 (As of Jul. 21, 2026) — 107% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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.

KAR:HPL Hoechst Pakistan Ltd KAR:HPL
88 GF Score
Price ₨4,032.14
GF Value ₨3,292.64
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Hoechst Pakistan Cyclically Adjusted PB Ratio?

Hoechst Pakistan KAR:HPL +0.07% 88 Cyclically Adjusted PB Ratio is 6.69 as of Jul. 21, 2026, which is 107% above its 10-year median of 3.23. GuruFocus rates KAR:HPL with a GF Score™ of 88/100 and a GF Value™ of ₨3,292.64 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 757 Drug Manufacturers companies, Hoechst Pakistan ranks worse than 86.66% on this metric.

As of today (2026-07-21), Hoechst Pakistan's current share price is ₨4032.14. Hoechst Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨602.42. Hoechst Pakistan's Cyclically Adjusted PB Ratio for today is 6.69.

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

KAR:HPL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 3.23   Max: 8.33
Current: 6.69

During the past years, Hoechst Pakistan's highest Cyclically Adjusted PB Ratio was 8.33. The lowest was 1.44. And the median was 3.23.

KAR:HPL's Cyclically Adjusted PB Ratio is ranked worse than
86.66% of 757 companies
in the Drug Manufacturers industry
Industry Median: 1.86 vs KAR:HPL: 6.69

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.

Hoechst Pakistan's adjusted book value per share data for the three months ended in Mar. 2026 was ₨923.191. 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 ₨602.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoechst Pakistan  (KAR:HPL) 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.


Hoechst Pakistan Cyclically Adjusted PB Ratio Related Terms


Hoechst Pakistan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hoechst Pakistan'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.

Hoechst Pakistan Cyclically Adjusted PB Ratio Chart

Hoechst Pakistan 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 0.00 2.13 2.54 5.39 7.27

Hoechst Pakistan 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 6.04 5.96 7.03 7.27 6.88

KAR:HPL vs LLY, JNJ, ABBV: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, Hoechst Pakistan'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.


Hoechst Pakistan Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hoechst Pakistan's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hoechst Pakistan's Cyclically Adjusted PB Ratio falls into.


KAR:HPL
88GF Score
Hoechst Pakistan Ltd KAR:HPL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoechst Pakistan 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.

Hoechst Pakistan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4032.14/602.42
=6.69

* 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.

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

For example, Hoechst Pakistan'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)
=923.191/330.2130*330.2130
=923.191

Current CPI (Mar. 2026) = 330.2130.

Hoechst Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201606 273.413 241.018 374.597
201609 311.827 241.428 426.501
201612 353.794 241.432 483.894
201703 387.030 243.801 524.208
201706 388.729 244.955 524.028
201709 424.274 246.819 567.626
201712 430.131 246.524 576.150
201803 458.827 249.554 607.126
201806 449.138 251.989 588.562
201809 448.015 252.439 586.044
201812 445.585 251.233 585.663
201903 458.903 254.202 596.123
201906 409.915 256.143 528.452
201909 412.785 256.759 530.875
201912 423.997 256.974 544.838
202003 416.038 258.115 532.248
202006 406.746 257.797 521.002
202009 417.824 260.280 530.087
202012 473.001 260.474 599.642
202103 498.955 264.877 622.030
202106 499.960 271.696 607.640
202109 490.500 274.310 590.461
202112 541.060 278.802 640.831
202203 563.845 287.504 647.605
202206 519.266 296.311 578.677
202209 522.147 296.808 580.913
202212 521.482 296.797 580.195
202303 484.795 301.836 530.373
202306 468.591 305.109 507.146
202309 517.269 307.789 554.955
202312 567.282 306.746 610.681
202403 602.100 312.332 636.570
202406 622.924 314.175 654.723
202409 637.209 315.301 667.345
202412 706.578 315.605 739.282
202503 763.939 319.799 788.816
202506 735.827 322.561 753.283
202509 775.783 324.800 788.712
202512 849.530 324.054 865.676
202603 923.191 330.213 923.191

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 6.69 mean?
Hoechst Pakistan (KAR:HPL) has a Cyclically Adjusted PB Ratio of 6.69 as of Jul. 21, 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 Hoechst Pakistan and its competitors. This is 107% above median its historical median of 3.23. Over the past decade, Hoechst Pakistan's Cyclically Adjusted PB Ratio has ranged from 1.44 to 8.33. According to the industry distribution chart, Hoechst Pakistan ranks #656 out of 757 companies in the Drug Manufacturers industry, placing it in the top 86.7%.
Is Hoechst Pakistan's Cyclically Adjusted PB Ratio too high?
Hoechst Pakistan's current Cyclically Adjusted PB Ratio of 6.69 is 107% above median its 10-year median of 3.23. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 8.33. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.86. Hoechst Pakistan's value of 6.69 is 259.7% above this industry median. Based on the distribution chart, Hoechst Pakistan ranks #656 out of 757 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Hoechst Pakistan has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hoechst Pakistan's Cyclically Adjusted PB Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Hoechst Pakistan ranks #656 out of 757 companies for Cyclically Adjusted PB Ratio. This places Hoechst Pakistan in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.86. Hoechst Pakistan's value of 6.69 is 259.7% above this benchmark. Historically, Hoechst Pakistan's own Cyclically Adjusted PB Ratio has ranged from 1.44 to 8.33 over the past decade. While the company's 10-year median is 3.23 vs. the industry median of 1.86, Hoechst Pakistan 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.86, based on 757 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. Hoechst Pakistan's current Cyclically Adjusted PB Ratio of 6.69 is 259.7% 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 Hoechst Pakistan and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoechst Pakistan's current Cyclically Adjusted PB Ratio is 6.69, which is 107% above median its own 10-year median of 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoechst Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Hoechst Pakistan (KAR:HPL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨3,292.64, compared to a current price of ₨4,032.14 — trading 22.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.69, which is 107% above median its 10-year median of 3.23 and 259.7% above the Drug Manufacturers industry median of 1.86. Hoechst Pakistan's overall GF Score™ is 88/100 with 1 warning sign 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 Hoechst Pakistan (KAR:HPL), the current Cyclically Adjusted PB Ratio is 6.69 as of Jul. 21, 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 Hoechst Pakistan (KAR:HPL) Overvalued in 2026?

Based on GuruFocus' analysis, Hoechst Pakistan stock appears to be overvalued. The current stock price of ₨4,032.14 is trading 22.5% above its estimated GF Value™ of ₨3,292.64. GuruFocus considers Hoechst Pakistan to be Modestly Overvalued.

Key valuation signals for KAR:HPL:

  • Cyclically Adjusted PB Ratio: 6.69 (107% above median its 10-year median of 3.23)
  • GF Value™: ₨3,292.64 vs. price of ₨4,032.14 (22.5% above fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 259.7% above the Drug Manufacturers median (#656 of 757)

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


Hoechst Pakistan Business Description

Address Plot 23, Sector 22, Korangi Industrial Area, Karachi, PAK, 74900
Hoechst Pakistan Ltd is a healthcare company of Pakistan, focused on patient needs and engaged in the manufacturing, promotion, and sale of pharmaceutical and vaccines. The company engages in the manufacturing, selling and trading of pharmaceutical and related products.
88GF Score

Get the complete analysis for KAR:HPL

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

₨4,032.14
Price
₨3,292.64
GF Value