Hyenergy (WAR:HEN) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Hyenergy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hyenergy  (WAR:HEN) 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.


Hyenergy Cyclically Adjusted PB Ratio Related Terms


Hyenergy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hyenergy'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.

Hyenergy Cyclically Adjusted PB Ratio Chart

Hyenergy Annual Data
Trend Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
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Hyenergy Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 1.82 2.77 2.68 2.79 2.52

WAR:HEN vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Hyenergy'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.


Hyenergy Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hyenergy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hyenergy 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.

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

For example, Hyenergy's adjusted Book Value per Share data for the three months ended in Jun. 2025 was:

Adj_Book=Book Value per Share/CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=0.528/157.5092*157.5092
=0.528

Current CPI (Jun. 2025) = 157.5092.

Hyenergy Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.617 100.448 0.968
201509 0.619 99.634 0.979
201603 0.761 98.983 1.211
201606 0.682 99.552 1.079
201609 0.689 99.064 1.095
201612 0.466 100.366 0.731
201703 0.462 101.018 0.720
201706 0.423 101.180 0.658
201709 0.385 101.343 0.598
201712 0.395 102.564 0.607
201803 0.365 102.564 0.561
201806 0.364 103.378 0.555
201809 0.507 103.378 0.772
201812 0.466 103.785 0.707
201903 0.481 104.274 0.727
201906 0.469 105.983 0.697
201909 0.417 105.983 0.620
201912 0.434 107.123 0.638
202003 0.225 109.076 0.325
202006 0.422 109.402 0.608
202009 0.440 109.320 0.634
202012 0.439 109.565 0.631
202103 0.804 112.658 1.124
202106 1.480 113.960 2.046
202109 1.645 115.588 2.242
202112 1.432 119.088 1.894
202203 2.540 125.031 3.200
202206 1.779 131.705 2.128
202209 1.562 135.531 1.815
202212 1.503 139.113 1.702
202303 1.265 145.950 1.365
202306 1.297 147.009 1.390
202309 1.183 146.113 1.275
202312 0.428 147.741 0.456
202403 0.392 149.044 0.414
202406 0.453 150.997 0.473
202409 0.401 153.439 0.412
202412 0.536 154.660 0.546
202503 0.588 157.021 0.590
202506 0.528 157.509 0.528

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.


Hyenergy Business Description

Address ul. Jana Pawla II 22, Warsaw, POL, 00-133
Hyenergy SA is engaged in investing in companies developing technologies for the production of green hydrogen and e-methanol used in energy transformation.