Hurtimex (WAR:HRT) Cyclically Adjusted PB Ratio: 1.08 (As of Jul. 26, 2026) — 53% Below Median

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WAR:HRT Hurtimex SA WAR:HRT
35 GF Score
Price zł0.13
GF Value zł0.17
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hurtimex Cyclically Adjusted PB Ratio?

Hurtimex WAR:HRT 35 Cyclically Adjusted PB Ratio is 1.08 as of Jul. 26, 2026, which is 53% below its 10-year median of 2.29. GuruFocus rates WAR:HRT with a GF Score™ of 35/100 and a GF Value™ of zł0.17 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 875 Manufacturing - Apparel & Accessories companies, Hurtimex ranks worse than 54.97% on this metric.

As of today (2026-07-26), Hurtimex's current share price is zł0.13. Hurtimex's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł0.12. Hurtimex's Cyclically Adjusted PB Ratio for today is 1.08.

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

WAR:HRT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 2.29   Max: 8
Current: 1.12

During the past years, Hurtimex's highest Cyclically Adjusted PB Ratio was 8.00. The lowest was 1.00. And the median was 2.29.

WAR:HRT's Cyclically Adjusted PB Ratio is ranked worse than
54.97% of 875 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.97 vs WAR:HRT: 1.12

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.

Hurtimex's adjusted book value per share data for the three months ended in Mar. 2026 was zł0.097. 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 zł0.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hurtimex  (WAR:HRT) 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.


Hurtimex Cyclically Adjusted PB Ratio Related Terms


Hurtimex Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hurtimex'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.

Hurtimex Cyclically Adjusted PB Ratio Chart

Hurtimex Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 4.93 3.90 2.07 1.36

Hurtimex 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 1.36 1.46 2.66 1.76 1.58

WAR:HRT vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Hurtimex'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.


Hurtimex Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hurtimex's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:HRT
35GF Score
Hurtimex SA WAR:HRT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hurtimex 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.13/0.12
=1.08

* 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.

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

For example, Hurtimex'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)
=0.097/163.0700*163.0700
=0.097

Current CPI (Mar. 2026) = 163.0700.

Hurtimex Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.008 99.552 0.013
201609 0.011 99.064 0.018
201612 0.021 100.366 0.034
201703 0.031 101.018 0.050
201706 0.042 101.180 0.068
201709 0.049 101.343 0.079
201712 0.049 102.564 0.078
201803 0.054 102.564 0.086
201806 0.063 103.378 0.099
201809 0.067 103.378 0.106
201812 0.080 103.785 0.126
201903 0.084 104.274 0.131
201906 0.083 105.983 0.128
201909 0.076 105.983 0.117
201912 0.072 107.123 0.110
202003 0.057 109.076 0.085
202006 0.085 109.402 0.127
202009 0.081 109.320 0.121
202012 0.078 109.565 0.116
202103 0.058 112.658 0.084
202106 0.032 113.960 0.046
202109 0.021 115.588 0.030
202112 0.221 119.088 0.303
202203 0.138 125.031 0.180
202206 0.178 131.705 0.220
202209 0.189 135.531 0.227
202212 0.134 139.113 0.157
202303 0.124 145.950 0.139
202306 0.146 147.009 0.162
202309 0.156 146.113 0.174
202312 0.138 147.741 0.152
202403 0.134 149.044 0.147
202406 0.127 150.997 0.137
202409 0.141 153.439 0.150
202412 0.125 154.660 0.132
202503 0.111 157.021 0.115
202506 0.100 157.509 0.104
202509 0.088 158.000 0.091
202512 0.111 158.320 0.114
202603 0.097 163.070 0.097

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 1.08 mean?
Hurtimex (WAR:HRT) has a Cyclically Adjusted PB Ratio of 1.08 as of Jul. 26, 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 Hurtimex and its competitors. This is 53% below median its historical median of 2.29. Over the past decade, Hurtimex's Cyclically Adjusted PB Ratio has ranged from 1.00 to 8.00. According to the industry distribution chart, Hurtimex ranks #481 out of 875 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 55%.
Is Hurtimex's Cyclically Adjusted PB Ratio too high?
Hurtimex's current Cyclically Adjusted PB Ratio of 1.08 is 53% below median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.97. Hurtimex's value of 1.08 is 11.3% above this industry median. Based on the distribution chart, Hurtimex ranks #481 out of 875 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Hurtimex has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hurtimex's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hurtimex ranks #481 out of 875 companies for Cyclically Adjusted PB Ratio. This places Hurtimex in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Hurtimex's value of 1.08 is 11.3% above this benchmark. Historically, Hurtimex's own Cyclically Adjusted PB Ratio has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 0.97, Hurtimex 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.97, based on 875 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. Hurtimex's current Cyclically Adjusted PB Ratio of 1.08 is 11.3% 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 Hurtimex and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hurtimex's current Cyclically Adjusted PB Ratio is 1.08, which is 53% below median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hurtimex stock overvalued right now?
Based on GuruFocus' analysis, Hurtimex (WAR:HRT) is currently considered Modestly Undervalued. The stock's GF Value™ is zł0.17, compared to a current price of zł0.13 — trading 23.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.08, which is 53% below median its 10-year median of 2.29 and 11.3% above the Manufacturing - Apparel & Accessories industry median of 0.97. Hurtimex's overall GF Score™ is 35/100 with 4 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 Hurtimex (WAR:HRT), the current Cyclically Adjusted PB Ratio is 1.08 as of Jul. 26, 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 Hurtimex (WAR:HRT) Overvalued in 2026?

Based on GuruFocus' analysis, Hurtimex stock appears to be undervalued. The current stock price of zł0.13 is trading 23.5% below its estimated GF Value™ of zł0.17. GuruFocus considers Hurtimex to be Modestly Undervalued.

Key valuation signals for WAR:HRT:

  • Cyclically Adjusted PB Ratio: 1.08 (53% below median its 10-year median of 2.29)
  • GF Value™: zł0.17 vs. price of zł0.13 (23.5% below fair value)
  • GF Score™: 35/100 with 4 warning signs
  • Industry Position: 11.3% above the Manufacturing - Apparel & Accessories median (#481 of 875)

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


Hurtimex Business Description

Address Ulica 28 Col. Strzelcow Kaniowskie 42, Lodz, POL, 90-640
Hurtimex SA designs and manufactures baby and children's clothing. The company offers sweatshirts, shirts, jackets, trousers, socks for children up to nine years old under its own brand TUP TUP.
35GF Score

Get the complete analysis for WAR:HRT

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

zł0.13
Price
zł0.17
GF Value