Herkules (WAR:HRS) Cyclically Adjusted PB Ratio: 0.22 (As of Sep. 18, 2026) — Near Median

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WAR:HRS Herkules SA WAR:HRS
43 GF Score
Price zł1.28
GF Value zł0.81
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Herkules Cyclically Adjusted PB Ratio?

Herkules WAR:HRS +1.59% 43 Cyclically Adjusted PB Ratio is 0.22 as of Sep. 18, 2026, which is at its 10-year median of 0.22. GuruFocus rates WAR:HRS with a GF Score™ of 43/100 and a GF Value™ of zł0.81 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 688 Business Services companies, Herkules ranks better than 94.33% on this metric.

As of today (2026-09-18), Herkules's current share price is zł1.28. Herkules's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł5.89. Herkules's Cyclically Adjusted PB Ratio for today is 0.22.

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

WAR:HRS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.22   Max: 0.4
Current: 0.22

During the past years, Herkules's highest Cyclically Adjusted PB Ratio was 0.40. The lowest was 0.09. And the median was 0.22.

WAR:HRS's Cyclically Adjusted PB Ratio is ranked better than
94.33% of 688 companies
in the Business Services industry
Industry Median: 1.53 vs WAR:HRS: 0.22

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.

Herkules's adjusted book value per share data for the three months ended in Mar. 2026 was zł3.381. 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 zł5.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Herkules  (WAR:HRS) 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.


Herkules Cyclically Adjusted PB Ratio Related Terms


Herkules Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Herkules'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.

Herkules Cyclically Adjusted PB Ratio Chart

Herkules 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 0.30 0.12 0.15 0.13 0.23

Herkules Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 0.15 0.17 0.21 0.22 0.22

WAR:HRS vs URI, SUNB, AER: Cyclically Adjusted PB Ratio Comparison

For the Rental & Leasing Services subindustry, Herkules'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.


Herkules Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Herkules's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:HRS
43GF Score
Herkules SA WAR:HRS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Herkules 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.

Herkules's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.28/5.886
=0.22

* 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.

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

For example, Herkules'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)
=3.381/163.0700*163.0700
=3.381

Current CPI (Mar. 2026) = 163.0700.

Herkules Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.171 99.552 8.470
201609 5.252 99.064 8.645
201612 5.293 100.366 8.600
201703 5.279 101.018 8.522
201706 5.100 101.180 8.220
201709 5.150 101.343 8.287
201712 5.209 102.564 8.282
201803 5.261 102.564 8.365
201806 5.391 103.378 8.504
201809 5.368 103.378 8.468
201812 4.632 103.785 7.278
201903 5.259 104.274 8.224
201906 5.203 105.983 8.006
201909 4.346 105.983 6.687
201912 4.120 107.123 6.272
202003 4.160 109.076 6.219
202006 4.424 109.402 6.594
202009 4.443 109.320 6.627
202012 4.489 109.565 6.681
202103 4.477 112.658 6.480
202106 4.535 113.960 6.489
202109 4.579 115.588 6.460
202112 4.508 119.088 6.173
202203 4.511 125.031 5.883
202206 4.855 131.705 6.011
202209 4.678 135.531 5.629
202212 4.716 139.113 5.528
202303 4.700 145.950 5.251
202306 2.827 147.009 3.136
202309 2.712 146.113 3.027
202312 2.630 147.741 2.903
202403 2.689 149.044 2.942
202406 2.619 150.997 2.828
202409 2.510 153.439 2.668
202412 2.550 154.660 2.689
202503 2.479 157.021 2.575
202506 2.372 157.509 2.456
202509 2.360 158.000 2.436
202512 3.429 158.320 3.532
202603 3.381 163.070 3.381

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 0.22 mean?
Herkules (WAR:HRS) has a Cyclically Adjusted PB Ratio of 0.22 as of Sep. 18, 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 Herkules and its competitors. This is near median its historical median of 0.22. Over the past decade, Herkules' Cyclically Adjusted PB Ratio has ranged from 0.09 to 0.40. According to the industry distribution chart, Herkules ranks #39 out of 688 companies in the Business Services industry, placing it in the top 5.7%.
Is Herkules' Cyclically Adjusted PB Ratio too high?
Herkules' current Cyclically Adjusted PB Ratio of 0.22 is near median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.40. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. Herkules' value of 0.22 is 85.6% below this industry median. Based on the distribution chart, Herkules ranks #39 out of 688 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Herkules has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Herkules' Cyclically Adjusted PB Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Herkules ranks #39 out of 688 companies for Cyclically Adjusted PB Ratio. This places Herkules in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.53. Herkules' value of 0.22 is 85.6% below this benchmark. Historically, Herkules' own Cyclically Adjusted PB Ratio has ranged from 0.09 to 0.40 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 1.53, Herkules has consistently been below 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.53, based on 688 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. Herkules's current Cyclically Adjusted PB Ratio of 0.22 is 85.6% below 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 Herkules and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Herkules's current Cyclically Adjusted PB Ratio is 0.22, which is near median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Herkules stock overvalued right now?
Based on GuruFocus' analysis, Herkules (WAR:HRS) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.81, compared to a current price of zł1.28 — trading 58% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.22, which is near median its 10-year median of 0.22 and 85.6% below the Business Services industry median of 1.53. Herkules' overall GF Score™ is 43/100 with 3 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 Herkules (WAR:HRS), the current Cyclically Adjusted PB Ratio is 0.22 as of Sep. 18, 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.

Is Herkules (WAR:HRS) Overvalued in 2026?

Based on GuruFocus' analysis, Herkules stock appears to be overvalued. The current stock price of zł1.28 is trading 58% above its estimated GF Value™ of zł0.81. GuruFocus considers Herkules to be Significantly Overvalued.

Key valuation signals for WAR:HRS:

  • Cyclically Adjusted PB Ratio: 0.22 (near median its 10-year median of 0.22)
  • GF Value™: zł0.81 vs. price of zł1.28 (58% above fair value)
  • GF Score™: 43/100 with 3 warning signs
  • Industry Position: 85.6% below the Business Services median (#39 of 688)

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


Herkules Business Description

Address 5 Annopol Street, Warszawa, POL, 03-236
Herkules SA is engaged in the hoisting equipment rental and oversize load shipping activities in Poland. It rents tower, field, self-propelled, and tracked cranes, as well as offers professional engineer, operator support, and technical advisory services. The company also provides construction and assembly services for general structures, wind farms, telecommunications, and electrical energy facilities.
43GF Score

Get the complete analysis for WAR:HRS

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

zł1.28
Price
zł0.81
GF Value