Heavitree Brewery (LSE:HVT) Cyclically Adjusted PB Ratio: 0.91 (As of Jul. 16, 2026) — 22% Below Median

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LSE:HVT Heavitree Brewery PLC LSE:HVT
76 GF Score
Price £2.90
GF Value £2.77
Valuation Fairly Valued
! 3 Warning Signs
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What is Heavitree Brewery Cyclically Adjusted PB Ratio?

Heavitree Brewery LSE:HVT 76 Cyclically Adjusted PB Ratio is 0.91 as of Jul. 16, 2026, which is 22% below its 10-year median of 1.16. GuruFocus rates LSE:HVT with a GF Score™ of 76/100 and a GF Value™ of £2.77 (Fairly Valued). The stock has 3 warning signs investors should review. Among 255 Restaurants companies, Heavitree Brewery ranks better than 72.55% on this metric.

As of today (2026-07-16), Heavitree Brewery's current share price is £2.90. Heavitree Brewery's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct25 was £3.19. Heavitree Brewery's Cyclically Adjusted PB Ratio for today is 0.91.

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

LSE:HVT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.16   Max: 1.61
Current: 0.85

During the past 13 years, Heavitree Brewery's highest Cyclically Adjusted PB Ratio was 1.61. The lowest was 0.67. And the median was 1.16.

LSE:HVT's Cyclically Adjusted PB Ratio is ranked better than
72.55% of 255 companies
in the Restaurants industry
Industry Median: 1.8 vs LSE:HVT: 0.85

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.

Heavitree Brewery's adjusted book value per share data of for the fiscal year that ended in Oct25 was £4.095. 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 £3.19 for the trailing ten years ended in Oct25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heavitree Brewery  (LSE:HVT) 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.


Heavitree Brewery Cyclically Adjusted PB Ratio Related Terms


Heavitree Brewery Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Heavitree Brewery'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.

Heavitree Brewery Cyclically Adjusted PB Ratio Chart

Heavitree Brewery Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.16 1.16 1.04 0.99 0.67

Heavitree Brewery Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 0.00 0.99 0.00 0.67 0.00

LSE:HVT vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Heavitree Brewery'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.


Heavitree Brewery Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Heavitree Brewery's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LSE:HVT
76GF Score
Heavitree Brewery PLC LSE:HVT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heavitree Brewery 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.

Heavitree Brewery's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.90/3.19
=0.91

* 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.

Heavitree Brewery's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct25 is calculated as:

For example, Heavitree Brewery's adjusted Book Value per Share data for the fiscal year that ended in Oct25 was:

Adj_Book=Book Value per Share/CPI of Oct25 (Change)*Current CPI (Oct25)
=4.095/139.5000*139.5000
=4.095

Current CPI (Oct25) = 139.5000.

Heavitree Brewery Annual Data

Book Value per Share CPI Adj_Book
201610 1.714 101.600 2.353
201710 1.972 104.400 2.635
201810 2.209 106.700 2.888
201910 2.380 108.300 3.066
202010 2.406 109.200 3.074
202110 2.552 113.400 3.139
202210 2.923 124.300 3.280
202310 3.389 130.200 3.631
202410 3.595 134.300 3.734
202510 4.095 139.500 4.095

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 0.91 mean?
Heavitree Brewery (LSE:HVT) has a Cyclically Adjusted PB Ratio of 0.91 as of Jul. 16, 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 Heavitree Brewery and its competitors. This is 22% below median its historical median of 1.16. Over the past decade, Heavitree Brewery's Cyclically Adjusted PB Ratio has ranged from 0.67 to 1.61. According to the industry distribution chart, Heavitree Brewery ranks #70 out of 255 companies in the Restaurants industry, placing it in the top 27.5%.
Is Heavitree Brewery's Cyclically Adjusted PB Ratio too high?
Heavitree Brewery's current Cyclically Adjusted PB Ratio of 0.91 is 22% below median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.61. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.80. Heavitree Brewery's value of 0.91 is 49.4% below this industry median. Based on the distribution chart, Heavitree Brewery ranks #70 out of 255 companies in the Restaurants industry, which is above the industry midpoint. Overall, Heavitree Brewery has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heavitree Brewery's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Heavitree Brewery ranks #70 out of 255 companies for Cyclically Adjusted PB Ratio. This puts Heavitree Brewery in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.80. Heavitree Brewery's value of 0.91 is 49.4% below this benchmark. Historically, Heavitree Brewery's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 1.61 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 1.80, Heavitree Brewery has consistently been below 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.80, based on 255 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. Heavitree Brewery's current Cyclically Adjusted PB Ratio of 0.91 is 49.4% below 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 Heavitree Brewery and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heavitree Brewery's current Cyclically Adjusted PB Ratio is 0.91, which is 22% below median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heavitree Brewery stock overvalued right now?
Based on GuruFocus' analysis, Heavitree Brewery (LSE:HVT) is currently considered Fairly Valued. The stock's GF Value™ is £2.77, compared to a current price of £2.90 — trading 4.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.91, which is 22% below median its 10-year median of 1.16 and 49.4% below the Restaurants industry median of 1.80. Heavitree Brewery's overall GF Score™ is 76/100 with 3 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 Heavitree Brewery (LSE:HVT), the current Cyclically Adjusted PB Ratio is 0.91 as of Jul. 16, 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 Heavitree Brewery (LSE:HVT) Overvalued in 2026?

Based on GuruFocus' analysis, Heavitree Brewery stock appears to be overvalued. The current stock price of £2.90 is trading 4.7% above its estimated GF Value™ of £2.77. GuruFocus considers Heavitree Brewery to be Fairly Valued.

Key valuation signals for LSE:HVT:

  • Cyclically Adjusted PB Ratio: 0.91 (22% below median its 10-year median of 1.16)
  • GF Value™: £2.77 vs. price of £2.90 (4.7% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 49.4% below the Restaurants median (#70 of 255)

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


Heavitree Brewery Business Description

Other Exchanges HVTA:UK
Address Trood Lane, Matford, Exeter, GBR, EX2 8YP
Heavitree Brewery PLC is a UK-based company engaged in the business of running and developing a leased and tenanted estate in the South West of England. It currently owns several pubs such as The Anchor Inn, The Ashcott Inn, The Atmospheric Railway, The Beach Hotel, The Bell Inn, The Brunswick Arms, and others. These pubs are run by tenants under tenancy agreements or leases. It operates in one business segment: leased estates. Geographically, all of its revenue is generated in, and all assets are held in the United Kingdom.
76GF Score

Get the complete analysis for LSE:HVT

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

£2.90
Price
£2.77
GF Value