Huhtamaki Oyj (STU:HUKI) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.
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.

STU:HUKI Huhtamaki Oyj STU:HUKI
85 GF Score
Price €30.30
GF Value €31.23
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Huhtamaki Oyj Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Huhtamaki Oyj  (STU:HUKI) 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.


Huhtamaki Oyj Cyclically Adjusted PB Ratio Related Terms


Huhtamaki Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Huhtamaki Oyj'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.

Huhtamaki Oyj Cyclically Adjusted PB Ratio Chart

Huhtamaki Oyj 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 3.28 2.37 2.43 2.11 1.75

Huhtamaki Oyj 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 1.95 1.81 1.79 1.68 1.54

STU:HUKI vs SW, AMCR, PKG: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Huhtamaki Oyj'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.


Huhtamaki Oyj Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Huhtamaki Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:HUKI
85GF Score
Huhtamaki Oyj STU:HUKI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Huhtamaki Oyj 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.

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

For example, Huhtamaki Oyj'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)
=18.703/125.0700*125.0700
=18.703

Current CPI (Jun. 2026) = 125.0700.

Huhtamaki Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.690 100.540 13.298
201612 11.383 101.020 14.093
201703 11.746 100.910 14.558
201706 10.965 101.140 13.559
201709 11.126 101.320 13.734
201712 11.605 101.510 14.298
201803 11.516 101.730 14.158
201806 11.609 102.320 14.190
201809 11.725 102.600 14.293
201812 12.146 102.710 14.790
201903 12.887 102.870 15.668
201906 12.511 103.360 15.139
201909 13.270 103.540 16.029
201912 13.772 103.650 16.618
202003 13.843 103.490 16.730
202006 14.132 103.320 17.107
202009 13.219 103.710 15.942
202012 13.076 103.890 15.742
202103 13.952 104.870 16.639
202106 13.549 105.360 16.084
202109 14.054 106.290 16.537
202112 15.304 107.490 17.807
202203 16.446 110.950 18.539
202206 17.317 113.570 19.071
202209 19.428 114.920 21.144
202212 18.418 117.320 19.635
202303 18.433 119.750 19.252
202306 17.580 120.690 18.218
202309 18.609 121.280 19.191
202312 18.413 121.540 18.948
202403 19.092 122.360 19.515
202406 18.866 122.230 19.304
202409 18.636 122.260 19.064
202412 20.276 122.390 20.720
202503 20.097 123.010 20.434
202506 17.521 122.530 17.884
202509 17.971 122.880 18.291
202512 18.388 122.670 18.748
202603 19.143 124.670 19.204
202606 18.703 125.070 18.703

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 Huhtamaki Oyj (STU:HUKI) Overvalued in 2026?

Based on GuruFocus' analysis, Huhtamaki Oyj stock appears to be undervalued. The current stock price of €30.30 is trading 3% below its estimated GF Value™ of €31.23. GuruFocus considers Huhtamaki Oyj to be Fairly Valued.

Key valuation signals for STU:HUKI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €31.23 vs. price of €30.30 (3% below fair value)
  • GF Score™: 85/100 with 3 warning signs

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


Huhtamaki Oyj Business Description

Address Revontulenkuja 1, Espoo, FIN, 02100
Huhtamäki Oyj is a packaging solutions provider operating globally. It offers paperboard-based foodservice packaging, smooth and rough molded fiber packaging, as well as flexible packaging through brands like Chinet and blueloop. The group's main customers are food and beverage companies, quick service and fast casual restaurants, foodservice operators, fresh produce packers, and retailers. Its reporting segments are: North America, Foodservice Packaging, Flexible Packaging, and Fiber Packaging. Maximum revenue is generated from the North America segment, which serves local markets in North America with Chinet disposable tableware products, foodservice packaging products, ice cream containers, and other similar products. Geographically, it derives key revenue from the United States.
85GF Score

Get the complete analysis for STU:HUKI

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

€30.30
Price
€31.23
GF Value