Global Hydrogen (WAR:GHY) Cyclically Adjusted PB Ratio: 2.53 (As of Aug. 28, 2026) — 38% Below Median

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WAR:GHY Global Hydrogen SA WAR:GHY
40 GF Score
Price zł2.00
! 2 Warning Signs
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What is Global Hydrogen Cyclically Adjusted PB Ratio?

Global Hydrogen WAR:GHY 40 Cyclically Adjusted PB Ratio is 2.53 as of Aug. 28, 2026, which is 38% below its 10-year median of 4.06. GuruFocus rates WAR:GHY with a GF Score™ of 40/100. The stock has 2 warning signs investors should review. Among 157 Beverages - Alcoholic companies, Global Hydrogen ranks worse than 77.07% on this metric.

As of today (2026-08-28), Global Hydrogen's current share price is zł2.00. Global Hydrogen's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was zł0.79. Global Hydrogen's Cyclically Adjusted PB Ratio for today is 2.53.

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

WAR:GHY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.67   Med: 4.06   Max: 20.31
Current: 2.54

During the past years, Global Hydrogen's highest Cyclically Adjusted PB Ratio was 20.31. The lowest was 1.67. And the median was 4.06.

WAR:GHY's Cyclically Adjusted PB Ratio is ranked worse than
77.07% of 157 companies
in the Beverages - Alcoholic industry
Industry Median: 1.37 vs WAR:GHY: 2.54

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.

Global Hydrogen's adjusted book value per share data for the three months ended in Dec. 2025 was zł0.657. 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 zł0.79 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Global Hydrogen  (WAR:GHY) 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.


Global Hydrogen Cyclically Adjusted PB Ratio Related Terms


Global Hydrogen Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Global Hydrogen'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.

Global Hydrogen Cyclically Adjusted PB Ratio Chart

Global Hydrogen 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 2.32 13.88 11.81 4.52 1.91

Global Hydrogen 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 4.52 2.94 2.96 1.99 1.91

WAR:GHY vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Global Hydrogen'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.


Global Hydrogen Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Global Hydrogen's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:GHY
40GF Score
Global Hydrogen SA WAR:GHY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Global Hydrogen 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.

Global Hydrogen's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.00/0.79
=2.53

* 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.

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

For example, Global Hydrogen'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)
=0.657/158.3200*158.3200
=0.657

Current CPI (Dec. 2025) = 158.3200.

Global Hydrogen Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.350 98.983 0.560
201606 0.342 99.552 0.544
201609 0.364 99.064 0.582
201612 0.382 100.366 0.603
201703 0.415 101.018 0.650
201706 0.432 101.180 0.676
201709 0.455 101.343 0.711
201712 0.498 102.564 0.769
201803 0.519 102.564 0.801
201806 0.508 103.378 0.778
201809 0.470 103.378 0.720
201812 0.496 103.785 0.757
201903 0.527 104.274 0.800
201906 0.538 105.983 0.804
201909 0.470 105.983 0.702
201912 0.590 107.123 0.872
202003 0.616 109.076 0.894
202006 0.630 109.402 0.912
202009 0.639 109.320 0.925
202012 0.646 109.565 0.933
202103 0.681 112.658 0.957
202106 0.630 113.960 0.875
202109 0.707 115.588 0.968
202112 0.726 119.088 0.965
202203 0.683 125.031 0.865
202206 0.642 131.705 0.772
202209 0.822 135.531 0.960
202212 0.814 139.113 0.926
202303 0.817 145.950 0.886
202306 0.815 147.009 0.878
202309 0.809 146.113 0.877
202312 0.807 147.741 0.865
202403 0.764 149.044 0.812
202406 0.733 150.997 0.769
202409 0.716 153.439 0.739
202412 0.689 154.660 0.705
202503 0.682 157.021 0.688
202506 0.671 157.509 0.674
202509 0.658 158.000 0.659
202512 0.657 158.320 0.657

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 2.53 mean?
Global Hydrogen (WAR:GHY) has a Cyclically Adjusted PB Ratio of 2.53 as of Aug. 28, 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 Global Hydrogen and its competitors. This is 38% below median its historical median of 4.06. Over the past decade, Global Hydrogen's Cyclically Adjusted PB Ratio has ranged from 1.67 to 20.31. According to the industry distribution chart, Global Hydrogen ranks #121 out of 157 companies in the Beverages - Alcoholic industry, placing it in the top 77.1%.
Is Global Hydrogen's Cyclically Adjusted PB Ratio too high?
Global Hydrogen's current Cyclically Adjusted PB Ratio of 2.53 is 38% below median its 10-year median of 4.06. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 20.31. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.37. Global Hydrogen's value of 2.53 is 84.7% above this industry median. Based on the distribution chart, Global Hydrogen ranks #121 out of 157 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Global Hydrogen has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Global Hydrogen's Cyclically Adjusted PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Global Hydrogen ranks #121 out of 157 companies for Cyclically Adjusted PB Ratio. This places Global Hydrogen in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.37. Global Hydrogen's value of 2.53 is 84.7% above this benchmark. Historically, Global Hydrogen's own Cyclically Adjusted PB Ratio has ranged from 1.67 to 20.31 over the past decade. While the company's 10-year median is 4.06 vs. the industry median of 1.37, Global Hydrogen has consistently been above 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.37, based on 157 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. Global Hydrogen's current Cyclically Adjusted PB Ratio of 2.53 is 84.7% above 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 Global Hydrogen and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Hydrogen's current Cyclically Adjusted PB Ratio is 2.53, which is 38% below median its own 10-year median of 4.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Hydrogen stock overvalued right now?
Global Hydrogen (WAR:GHY) has a current Cyclically Adjusted PB Ratio of 2.53. The current Cyclically Adjusted PB Ratio is 2.53, which is 38% below median its 10-year median of 4.06 and 84.7% above the Beverages - Alcoholic industry median of 1.37. Global Hydrogen's overall GF Score™ is 40/100 with 2 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 Global Hydrogen (WAR:GHY), the current Cyclically Adjusted PB Ratio is 2.53 as of Aug. 28, 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.

Global Hydrogen Business Description

Address Aleje Jerozolimskie 65/79, Warsaw, POL, 00-697
Global Hydrogen SA is engaged in the manufacturing of Georgian wines. The company offers a wide range of red and white wines. Its products include Old Georgia, Storks and Teliani Valley.
40GF Score

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

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