Harper Hygienics (WAR:HRP) 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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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.

WAR:HRP Harper Hygienics SA WAR:HRP
42 GF Score
Price zł5.00
GF Value zł5.74
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Harper Hygienics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Harper Hygienics  (WAR:HRP) 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.


Harper Hygienics Cyclically Adjusted PB Ratio Related Terms


Harper Hygienics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Harper Hygienics'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.

Harper Hygienics Cyclically Adjusted PB Ratio Chart

Harper Hygienics Annual Data
Trend Dec15 Dec16 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Harper Hygienics Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.29 0.39 0.47 0.38 0.34

WAR:HRP vs PG, CL, EL: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Harper Hygienics'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.


Harper Hygienics Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Harper Hygienics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:HRP
42GF Score
Harper Hygienics SA WAR:HRP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harper Hygienics 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.

Harper Hygienics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Harper Hygienics's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=11.811/163.0700*163.0700
=11.811

Current CPI (Mar. 2026) = 163.0700.

Harper Hygienics Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.493 100.448 21.905
201509 13.346 99.634 21.843
201512 13.531 99.471 22.182
201603 13.532 98.983 22.293
201606 13.457 99.552 22.043
201609 13.267 99.064 21.839
201612 12.939 100.366 21.023
201706 12.372 101.180 19.940
201709 12.254 101.343 19.718
201712 11.935 102.564 18.976
201803 10.642 102.564 16.920
201806 10.516 103.378 16.588
201809 10.453 103.378 16.489
201812 10.188 103.785 16.008
201903 9.288 104.274 14.525
201906 9.290 105.983 14.294
201909 8.965 105.983 13.794
201912 9.046 107.123 13.771
202003 9.046 109.076 13.524
202006 9.949 109.402 14.830
202009 10.135 109.320 15.118
202012 10.123 109.565 15.067
202103 10.384 112.658 15.031
202106 10.746 113.960 15.377
202109 11.001 115.588 15.520
202112 12.138 119.088 16.621
202203 9.020 125.031 11.764
202303 9.089 145.950 10.155
202306 10.628 147.009 11.789
202309 9.950 146.113 11.105
202312 9.768 147.741 10.781
202403 9.803 149.044 10.726
202406 9.940 150.997 10.735
202409 9.920 153.439 10.543
202412 10.263 154.660 10.821
202503 10.795 157.021 11.211
202506 10.705 157.509 11.083
202509 11.122 158.000 11.479
202512 11.408 158.320 11.750
202603 11.811 163.070 11.811

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 Harper Hygienics (WAR:HRP) Overvalued in 2026?

Based on GuruFocus' analysis, Harper Hygienics stock appears to be undervalued. The current stock price of zł5.00 is trading 12.9% below its estimated GF Value™ of zł5.74. GuruFocus considers Harper Hygienics to be Modestly Undervalued.

Key valuation signals for WAR:HRP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł5.74 vs. price of zł5.00 (12.9% below fair value)
  • GF Score™: 42/100 with 3 warning signs

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


Harper Hygienics Business Description

Address Jerozolimskie Avenue 96, Equator II, XIII p, Warsaw, POL, 00-807
Harper Hygienics SA is a Poland-based company engaged in producing and selling hygiene products and cosmetics. It offers cotton pads, buds, wet wipes, ear swabs, plaster strips, and lotions for facial cleansing and make-up removal, intimate hygiene, and baby care. The company's main brand is Cleanic products, including facial makeup removal, children's skin cleansing and care, and intimate hygiene. The company also produces private labels for retail chains. Its other brands are Sweet Sense, Kindii, Presto, Petino, and Others.
42GF Score

Get the complete analysis for WAR:HRP

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

zł5.00
Price
zł5.74
GF Value