H&K AG (STU:7ET) Cyclically Adjusted PB Ratio: (As of Sep. 14, 2026)

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Director of Data and Quant Analytics at GuruFocus
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STU:7ET H&K AG STU:7ET
50 GF Score
Price €33.60
GF Value €154.38
Valuation Significantly Undervalued
! 2 Warning Signs
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What is H&K AG Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


H&K AG  (STU:7ET) 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.


H&K AG Cyclically Adjusted PB Ratio Related Terms


H&K AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for H&K AG'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.

H&K AG Cyclically Adjusted PB Ratio Chart

H&K AG 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 0.00 0.00 0.00 0.00

H&K AG 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 0.00 0.00 0.00 0.00 0.00

STU:7ET vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, H&K AG'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.


H&K AG Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, H&K AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where H&K AG's Cyclically Adjusted PB Ratio falls into.


STU:7ET
50GF Score
H&K AG STU:7ET
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H&K AG 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.

H&K AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, H&K AG'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)
=5.958/131.3638*131.3638
=5.958

Current CPI (Jun. 2026) = 131.3638.

H&K AG Quarterly Data

Book Value per Share CPI Adj_Book
201512 -3.519 99.717 -4.636
201612 -3.441 101.217 -4.466
201703 0.000 101.417 0.000
201706 0.000 102.117 0.000
201709 0.000 102.717 0.000
201712 -3.188 102.617 -4.081
201803 -3.260 102.917 -4.161
201806 -3.260 104.017 -4.117
201809 -3.310 104.718 -4.152
201812 -3.468 104.217 -4.371
201903 -3.508 104.217 -4.422
201906 -3.459 105.718 -4.298
201909 -3.439 106.018 -4.261
201912 -3.519 105.818 -4.369
202003 -3.404 105.718 -4.230
202006 -3.311 106.618 -4.079
202009 -3.152 105.818 -3.913
202012 -3.157 105.518 -3.930
202103 -3.056 107.518 -3.734
202106 -2.817 108.486 -3.411
202109 -2.650 109.435 -3.181
202112 -2.482 110.384 -2.954
202203 -2.222 113.968 -2.561
202206 -1.925 115.760 -2.184
202209 1.193 118.818 1.319
202212 2.050 119.345 2.256
202303 2.327 122.402 2.497
202306 2.669 123.140 2.847
202309 2.753 124.195 2.912
202312 2.943 123.773 3.123
202403 3.021 125.038 3.174
202406 3.326 125.882 3.471
202409 3.427 126.198 3.567
202412 3.761 127.041 3.889
202503 3.906 127.779 4.016
202506 4.044 128.412 4.137
202509 4.363 129.255 4.434
202512 4.792 129.361 4.866
202603 5.369 131.258 5.373
202606 5.958 131.364 5.958

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.

Is H&K AG (STU:7ET) Overvalued in 2026?

Based on GuruFocus' analysis, H&K AG stock appears to be undervalued. The current stock price of €33.60 is trading 78.2% below its estimated GF Value™ of €154.38. GuruFocus considers H&K AG to be Significantly Undervalued.

Key valuation signals for STU:7ET:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €154.38 vs. price of €33.60 (78.2% below fair value)
  • GF Score™: 50/100 with 2 warning signs

No single metric tells the full story. See the STU:7ET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H&K AG Business Description

Other Exchanges MLHK:France
Address Heckler and Koch Street 1, Oberndorf am Neckar, BW, DEU, 78727
H&K AG develops, manufactures, and, together with its subsidiaries, markets and distributes infantry and sidearms for governmental security forces. The company offers its products to the security forces, the police, and special forces of NATO and NATO-associated states. The products include Rifles, Submachine guns, Machine guns, Pistols, Development services, and Other products and services. The segments of the company are Germany, Sustainable Technology, USA-Commercial, USA-Defence, Great Britain and France.
50GF Score

Get the complete analysis for STU:7ET

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

€33.60
Price
€154.38
GF Value