Hannstar Display (LUX:HADIS) Cyclically Adjusted PB Ratio: 1.19 (As of Aug. 24, 2026) — 75% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

LUX:HADIS Hannstar Display Corp LUX:HADIS
53 GF Score
Price $6.10
GF Value $3.90
! 3 Warning Signs
View Full Analysis

What is Hannstar Display Cyclically Adjusted PB Ratio?

Hannstar Display LUX:HADIS 53 Cyclically Adjusted PB Ratio is 1.19 as of Aug. 24, 2026, which is 75% above its 10-year median of 0.68. GuruFocus rates LUX:HADIS with a GF Score™ of 53/100 and a GF Value™ of $3.90. The stock has 3 warning signs investors should review. Among 1,943 Hardware companies, Hannstar Display ranks better than 76.02% on this metric.

As of today (2026-08-24), Hannstar Display's current share price is $6.10. Hannstar Display's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $5.13. Hannstar Display's Cyclically Adjusted PB Ratio for today is 1.19.

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

LUX:HADIS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.68   Max: 2.35
Current: 0.84

During the past years, Hannstar Display's highest Cyclically Adjusted PB Ratio was 2.35. The lowest was 0.42. And the median was 0.68.

LUX:HADIS's Cyclically Adjusted PB Ratio is ranked better than
76.02% of 1943 companies
in the Hardware industry
Industry Median: 2.03 vs LUX:HADIS: 0.84

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.

Hannstar Display's adjusted book value per share data for the three months ended in Jun. 2026 was $8.248. 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 $5.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hannstar Display  (LUX:HADIS) 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.


Hannstar Display Cyclically Adjusted PB Ratio Related Terms


Hannstar Display Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hannstar Display'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.

Hannstar Display Cyclically Adjusted PB Ratio Chart

Hannstar Display 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 1.35 0.75 0.76 0.53 0.49

Hannstar Display 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 0.44 0.51 0.49 0.49 1.19

LUX:HADIS vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Hannstar Display'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.


Hannstar Display Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


LUX:HADIS
53GF Score
Hannstar Display Corp LUX:HADIS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hannstar Display 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.

Hannstar Display's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.10/5.13
=1.19

* 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.

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

For example, Hannstar Display'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)
=8.248/333.9520*333.9520
=8.248

Current CPI (Jun. 2026) = 333.9520.

Hannstar Display Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.543 241.428 9.051
201612 7.167 241.432 9.913
201703 7.855 243.801 10.760
201706 7.835 244.955 10.682
201709 8.318 246.819 11.254
201712 8.721 246.524 11.814
201803 9.172 249.554 12.274
201806 8.806 251.989 11.670
201809 8.712 252.439 11.525
201812 8.518 251.233 11.323
201903 8.550 254.202 11.232
201906 8.282 256.143 10.798
201909 8.408 256.759 10.936
201912 8.631 256.974 11.216
202003 8.530 258.115 11.036
202006 8.645 257.797 11.199
202009 9.349 260.280 11.995
202012 10.406 260.474 13.341
202103 11.118 264.877 14.017
202106 12.279 271.696 15.093
202109 12.065 274.310 14.688
202112 12.454 278.802 14.918
202203 12.131 287.504 14.091
202206 11.118 296.311 12.530
202209 10.749 296.808 12.094
202212 10.767 296.797 12.115
202303 10.665 301.836 11.800
202306 10.149 305.109 11.108
202309 9.444 307.789 10.247
202312 9.297 306.746 10.122
202403 8.881 312.332 9.496
202406 8.418 314.175 8.948
202409 8.151 315.301 8.633
202412 7.316 315.605 7.741
202503 7.053 319.799 7.365
202506 7.471 322.561 7.735
202509 7.630 324.800 7.845
202512 7.591 324.054 7.823
202603 7.410 330.213 7.494
202606 8.248 333.952 8.248

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 1.19 mean?
Hannstar Display (LUX:HADIS) has a Cyclically Adjusted PB Ratio of 1.19 as of Aug. 24, 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 Hannstar Display and its competitors. This is 75% above median its historical median of 0.68. Over the past decade, Hannstar Display's Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.35. According to the industry distribution chart, Hannstar Display ranks #466 out of 1943 companies in the Hardware industry, placing it in the top 24%.
Is Hannstar Display's Cyclically Adjusted PB Ratio too high?
Hannstar Display's current Cyclically Adjusted PB Ratio of 1.19 is 75% above median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 2.35. The Hardware industry median Cyclically Adjusted PB Ratio is 2.03. Hannstar Display's value of 1.19 is 41.4% below this industry median. Based on the distribution chart, Hannstar Display ranks #466 out of 1943 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hannstar Display has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Hannstar Display's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Hannstar Display ranks #466 out of 1943 companies for Cyclically Adjusted PB Ratio. This places Hannstar Display in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.03. Hannstar Display's value of 1.19 is 41.4% below this benchmark. Historically, Hannstar Display's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.35 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 2.03, Hannstar Display 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.03, based on 1,943 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. Hannstar Display's current Cyclically Adjusted PB Ratio of 1.19 is 41.4% 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 Hannstar Display and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hannstar Display's current Cyclically Adjusted PB Ratio is 1.19, which is 75% above median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hannstar Display stock overvalued right now?
Hannstar Display (LUX:HADIS) has a current Cyclically Adjusted PB Ratio of 1.19. The stock's GF Value™ is $3.90, compared to a current price of $6.10 — trading 56.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.19, which is 75% above median its 10-year median of 0.68 and 41.4% below the Hardware industry median of 2.03. Hannstar Display's overall GF Score™ is 53/100 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 Hannstar Display (LUX:HADIS), the current Cyclically Adjusted PB Ratio is 1.19 as of Aug. 24, 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 Hannstar Display (LUX:HADIS) Overvalued in 2026?

Based on GuruFocus' analysis, Hannstar Display stock appears to be overvalued. The current stock price of $6.10 is trading 56.4% above its estimated GF Value™ of $3.90.

Key valuation signals for LUX:HADIS:

  • Cyclically Adjusted PB Ratio: 1.19 (75% above median its 10-year median of 0.68)
  • GF Value™: $3.90 vs. price of $6.10 (56.4% above fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 41.4% below the Hardware median (#466 of 1943)

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


Hannstar Display Business Description

Other Exchanges 6116:Taiwan
Address Lane 168, Xingshan Road, 4Floor, No.15, Neihu District, Taipei, TWN, 11469
Hannstar Display Corp is engaged in research and development, design, manufacturing, sale and repairs of TFT-LCDs. The company has only one reportable segment, production and sale of TFT-LCD panels, flat-panel displays and CCTV. The firm has operations in Mainland China, Asia, Taiwan, Europe and Others, with the majority of its revenue from China.
53GF Score

Get the complete analysis for LUX:HADIS

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

$6.10
Price
$3.90
GF Value