Hexagon Composites ASA (OSL:HEX) Cyclically Adjusted PB Ratio: 0.68 (As of Jul. 20, 2026) — 78% Below Median

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OSL:HEX Hexagon Composites ASA OSL:HEX
70 GF Score
Price kr9.85
GF Value kr12.04
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Hexagon Composites ASA Cyclically Adjusted PB Ratio?

Hexagon Composites ASA OSL:HEX -0.51% 70 Cyclically Adjusted PB Ratio is 0.68 as of Jul. 20, 2026, which is 78% below its 10-year median of 3.15. GuruFocus rates OSL:HEX with a GF Score™ of 70/100 and a GF Value™ of kr12.04 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 316 Packaging & Containers companies, Hexagon Composites ASA ranks better than 67.72% on this metric.

As of today (2026-07-20), Hexagon Composites ASA's current share price is kr9.85. Hexagon Composites ASA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was kr14.57. Hexagon Composites ASA's Cyclically Adjusted PB Ratio for today is 0.68.

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

OSL:HEX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 3.15   Max: 8.01
Current: 0.68

During the past years, Hexagon Composites ASA's highest Cyclically Adjusted PB Ratio was 8.01. The lowest was 0.44. And the median was 3.15.

OSL:HEX's Cyclically Adjusted PB Ratio is ranked better than
67.72% of 316 companies
in the Packaging & Containers industry
Industry Median: 1.165 vs OSL:HEX: 0.68

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.

Hexagon Composites ASA's adjusted book value per share data for the three months ended in Dec. 2025 was kr10.278. 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 kr14.57 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hexagon Composites ASA  (OSL:HEX) 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 2.99 2.06 2.36 3.29 0.52

Hexagon Composites ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 3.29 1.44 1.25 0.74 0.52

OSL:HEX vs SW, PKG, IP: 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.


OSL:HEX
70GF Score
Hexagon Composites ASA OSL:HEX
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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.85/14.57
=0.68

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Hexagon Composites ASA's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=10.278/139.1000*139.1000
=10.278

Current CPI (Dec. 2025) = 139.1000.

Hexagon Composites ASA Quarterly Data

Book Value per Share CPI Adj_Book
201603 6.454 102.500 8.759
201606 6.559 103.800 8.790
201609 6.493 104.200 8.668
201612 7.876 104.400 10.494
201703 7.945 105.000 10.525
201706 8.078 105.800 10.621
201709 8.004 105.900 10.513
201712 8.345 106.100 10.941
201803 8.290 107.300 10.747
201806 8.458 108.500 10.843
201809 8.636 109.500 10.970
201812 9.165 109.800 11.611
201903 11.202 110.400 14.114
201906 11.053 110.600 13.901
201909 11.654 111.100 14.591
201912 11.608 111.300 14.507
202003 12.793 111.200 16.003
202006 11.822 112.100 14.669
202009 14.739 112.900 18.159
202012 15.580 112.900 19.196
202103 15.322 114.600 18.598
202106 15.096 115.300 18.212
202109 15.091 117.500 17.865
202112 15.124 118.900 17.693
202203 14.426 119.800 16.750
202206 15.119 122.600 17.154
202209 15.599 125.600 17.276
202212 14.553 125.900 16.079
202303 16.728 127.600 18.236
202306 20.954 130.400 22.352
202309 20.005 129.800 21.438
202312 15.691 131.900 16.548
202403 15.568 132.600 16.331
202406 17.564 133.800 18.260
202409 18.955 133.700 19.721
202412 16.470 134.800 16.995
202503 11.914 136.100 12.177
202506 11.370 137.800 11.477
202509 10.595 138.500 10.641
202512 10.278 139.100 10.278

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 0.68 mean?
Hexagon Composites ASA (OSL:HEX) has a Cyclically Adjusted PB Ratio of 0.68 as of Jul. 20, 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 Hexagon Composites ASA and its competitors. This is 78% below median its historical median of 3.15. Over the past decade, Hexagon Composites ASA's Cyclically Adjusted PB Ratio has ranged from 0.44 to 8.01. According to the industry distribution chart, Hexagon Composites ASA ranks #102 out of 316 companies in the Packaging & Containers industry, placing it in the top 32.3%.
Is Hexagon Composites ASA's Cyclically Adjusted PB Ratio too high?
Hexagon Composites ASA's current Cyclically Adjusted PB Ratio of 0.68 is 78% below median its 10-year median of 3.15. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 8.01. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.17. Hexagon Composites ASA's value of 0.68 is 41.6% below this industry median. Based on the distribution chart, Hexagon Composites ASA ranks #102 out of 316 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Hexagon Composites ASA has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hexagon Composites ASA's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Hexagon Composites ASA ranks #102 out of 316 companies for Cyclically Adjusted PB Ratio. This puts Hexagon Composites ASA in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Hexagon Composites ASA's value of 0.68 is 41.6% below this benchmark. Historically, Hexagon Composites ASA's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 8.01 over the past decade. While the company's 10-year median is 3.15 vs. the industry median of 1.17, Hexagon Composites ASA 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.17, based on 316 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. Hexagon Composites ASA's current Cyclically Adjusted PB Ratio of 0.68 is 41.6% 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 Hexagon Composites ASA and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hexagon Composites ASA's current Cyclically Adjusted PB Ratio is 0.68, which is 78% below median its own 10-year median of 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hexagon Composites ASA stock overvalued right now?
Based on GuruFocus' analysis, Hexagon Composites ASA (OSL:HEX) is currently considered Modestly Undervalued. The stock's GF Value™ is kr12.04, compared to a current price of kr9.85 — trading 18.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.68, which is 78% below median its 10-year median of 3.15 and 41.6% below the Packaging & Containers industry median of 1.17. Hexagon Composites ASA's overall GF Score™ is 70/100 with 7 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 Hexagon Composites ASA (OSL:HEX), the current Cyclically Adjusted PB Ratio is 0.68 as of Jul. 20, 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 Hexagon Composites ASA (OSL:HEX) Overvalued in 2026?

Based on GuruFocus' analysis, Hexagon Composites ASA stock appears to be undervalued. The current stock price of kr9.85 is trading 18.2% below its estimated GF Value™ of kr12.04. GuruFocus considers Hexagon Composites ASA to be Modestly Undervalued.

Key valuation signals for OSL:HEX:

  • Cyclically Adjusted PB Ratio: 0.68 (78% below median its 10-year median of 3.15)
  • GF Value™: kr12.04 vs. price of kr9.85 (18.2% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 41.6% below the Packaging & Containers median (#102 of 316)

No single metric tells the full story. See the OSL:HEX 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.
70GF Score

Get the complete analysis for OSL:HEX

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

kr9.85
Price
kr12.04
GF Value