PipeHawk (LSE:PIP) Cyclically Adjusted PB Ratio: (As of Aug. 02, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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.

What is PipeHawk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PipeHawk  (LSE:PIP) 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.


PipeHawk Cyclically Adjusted PB Ratio Related Terms


PipeHawk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PipeHawk'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.

PipeHawk Cyclically Adjusted PB Ratio Chart

PipeHawk Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

PipeHawk Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.00 0.00 0.00 0.00 0.00

LSE:PIP vs COHR, KEYS, GRMN: Cyclically Adjusted PB Ratio Comparison

For the Scientific & Technical Instruments subindustry, PipeHawk'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.


PipeHawk Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, PipeHawk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PipeHawk 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.

PipeHawk's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, PipeHawk's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=-0.176/138.4000*138.4000
=-0.176

Current CPI (Jun25) = 138.4000.

PipeHawk Annual Data

Book Value per Share CPI Adj_Book
201606 -0.114 101.000 -0.156
201706 -0.108 103.500 -0.144
201806 -0.108 105.900 -0.141
201906 -0.097 107.900 -0.124
202006 -0.079 108.800 -0.100
202106 -0.064 111.400 -0.080
202206 -0.082 120.500 -0.094
202306 -0.150 129.400 -0.160
202406 -0.173 133.000 -0.180
202506 -0.176 138.400 -0.176

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.


PipeHawk Business Description

Address Wyndham Street, 4 Manor Park Industrial Estate, Aldershot, Hampshire, GBR, GU12 4NZ
PipeHawk PLC is engaged in the development, assembly, and sale of test systems and rail industry solutions and ground probing radar (GPR) equipment, the provision of GPR-based services, and the undertaking of complementary research and development assignments. Its subsidiaries include Adien Limited, which provides utility detection and mapping services (sale of services); Utsi Electronics Limited, which focuses on the development, assembly, and sale of GPR equipment (sale of goods); Thomson Engineering Design Limited, which offers rail trackside solutions and is included in the test system solutions segment (sale of services); and Wessex Precision Instruments Limited, which is non-trading. It operates in United Kingdom, which generates key revenue, as well as Europe and other regions.