Hawesko Holding SE (WBO:HAW) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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.

WBO:HAW Hawesko Holding SE WBO:HAW
43 GF Score
Price €18.40
GF Value €24.62
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Hawesko Holding SE Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hawesko Holding SE  (WBO:HAW) 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.


Hawesko Holding SE Cyclically Adjusted PB Ratio Related Terms


Hawesko Holding SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hawesko Holding SE'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.

Hawesko Holding SE Cyclically Adjusted PB Ratio Chart

Hawesko Holding SE 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 4.90 3.24 2.46 1.97 1.38

Hawesko Holding SE 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 1.79 1.67 1.57 1.38 1.41

WBO:HAW vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Hawesko Holding SE'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.


Hawesko Holding SE Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

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

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


WBO:HAW
43GF Score
Hawesko Holding SE WBO:HAW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hawesko Holding SE 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.

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

For example, Hawesko Holding SE'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)
=13.583/131.2583*131.2583
=13.583

Current CPI (Mar. 2026) = 131.2583.

Hawesko Holding SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.128 100.717 11.896
201609 9.396 101.017 12.209
201612 9.762 101.217 12.659
201703 8.828 101.417 11.426
201706 9.284 102.117 11.933
201709 9.540 102.717 12.191
201712 10.558 102.617 13.505
201803 9.607 102.917 12.253
201806 9.997 104.017 12.615
201809 10.130 104.718 12.697
201812 12.139 104.217 15.289
201903 11.555 104.217 14.553
201906 11.088 105.718 13.767
201909 11.088 106.018 13.728
201912 11.931 105.818 14.799
202003 12.156 105.718 15.093
202006 12.757 106.618 15.705
202009 11.557 105.818 14.336
202012 12.772 105.518 15.888
202103 13.866 107.518 16.928
202106 12.895 108.486 15.602
202109 13.374 109.435 16.041
202112 14.531 110.384 17.279
202203 15.167 113.968 17.468
202206 13.233 115.760 15.005
202209 13.934 118.818 15.393
202212 14.637 119.345 16.098
202303 14.999 122.402 16.084
202306 13.481 123.140 14.370
202309 13.047 124.195 13.789
202312 13.600 123.773 14.422
202403 13.674 125.038 14.354
202406 12.660 125.882 13.201
202409 12.755 126.198 13.266
202412 13.619 127.041 14.071
202503 13.580 127.779 13.950
202506 12.494 128.412 12.771
202509 12.587 129.255 12.782
202512 13.592 129.361 13.791
202603 13.583 131.258 13.583

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 Hawesko Holding SE (WBO:HAW) Overvalued in 2026?

Based on GuruFocus' analysis, Hawesko Holding SE stock appears to be undervalued. The current stock price of €18.40 is trading 25.3% below its estimated GF Value™ of €24.62. GuruFocus considers Hawesko Holding SE to be Modestly Undervalued.

Key valuation signals for WBO:HAW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €24.62 vs. price of €18.40 (25.3% below fair value)
  • GF Score™: 43/100 with 6 warning signs

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


Hawesko Holding SE Business Description

Other Exchanges HAW:Germany
Address Grosse Elbstrasse 145d, Elbkaihaus, Hamburg, DEU, 22767
Hawesko Holding SE trades and sells wines, champagnes, and other alcoholic and non-alcoholic beverages to consumers and resellers. Its operating segments are: Retail, B2B, E-commerce, and Miscellaneous. Maximum revenue is generated from the Retail segment, which sells wine mainly via a network of retail outlets (Jacques'), which are run by independent agency partners. The B2B segment groups together business activities with retailers; wines and champagnes are sold both by an in-house sales force and by an organisation of trade representatives; and the e-commerce segment comprises wine and champagne distance selling, with activities focused on the consumer. Geographically, the firm derives its key revenue from Germany, followed by Austria, the Czech Republic, Switzerland, and other markets.
43GF Score

Get the complete analysis for WBO:HAW

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

€18.40
Price
€24.62
GF Value