HORNBACH Holding AG and Co KGaA (XSWX:HBH) Cyclically Adjusted PB Ratio: 0.69 (As of Jul. 16, 2026) — 14% Below Median

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XSWX:HBH HORNBACH Holding AG and Co KGaA XSWX:HBH
72 GF Score
Price CHF72.60
GF Value CHF78.95
! 3 Warning Signs
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What is HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio?

HORNBACH Holding AG and Co KGaA XSWX:HBH 72 Cyclically Adjusted PB Ratio is 0.69 as of Jul. 16, 2026, which is 14% below its 10-year median of 0.80. GuruFocus rates XSWX:HBH with a GF Score™ of 72/100 and a GF Value™ of CHF78.95. The stock has 3 warning signs investors should review. Among 809 Retail - Cyclical companies, HORNBACH Holding AG and Co KGaA ranks better than 69.47% on this metric.

As of today (2026-07-16), HORNBACH Holding AG and Co KGaA's current share price is CHF72.60. HORNBACH Holding AG and Co KGaA's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was CHF104.82. HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio for today is 0.69.

The historical rank and industry rank for HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio or its related term are showing as below:

XSWX:HBH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.8   Max: 1.71
Current: 0.66

During the past years, HORNBACH Holding AG and Co KGaA's highest Cyclically Adjusted PB Ratio was 1.71. The lowest was 0.49. And the median was 0.80.

XSWX:HBH's Cyclically Adjusted PB Ratio is ranked better than
69.47% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs XSWX:HBH: 0.66

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.

HORNBACH Holding AG and Co KGaA's adjusted book value per share data for the three months ended in May. 2026 was CHF123.764. 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 CHF104.82 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


HORNBACH Holding AG and Co KGaA  (XSWX:HBH) 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.


HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio Related Terms


HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HORNBACH Holding AG and Co KGaA'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.

HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio Chart

HORNBACH Holding AG and Co KGaA Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.43 0.84 0.69 0.75 0.76

HORNBACH Holding AG and Co KGaA Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.82 0.94 0.80 0.76 0.70

XSWX:HBH vs HD, LOW, FND: Cyclically Adjusted PB Ratio Comparison

For the Home Improvement Retail subindustry, HORNBACH Holding AG and Co KGaA'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.


HORNBACH Holding AG and Co KGaA Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio falls into.


XSWX:HBH
72GF Score
HORNBACH Holding AG and Co KGaA XSWX:HBH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HORNBACH Holding AG and Co KGaA 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.

HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=72.60/104.82
=0.69

* 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.

HORNBACH Holding AG and Co KGaA's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, HORNBACH Holding AG and Co KGaA's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=123.764/131.7855*131.7855
=123.764

Current CPI (May. 2026) = 131.7855.

HORNBACH Holding AG and Co KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201608 78.800 101.017 102.802
201611 79.001 100.517 103.577
201702 77.274 101.217 100.612
201705 82.595 101.817 106.906
201708 87.721 102.617 112.655
201711 90.597 102.117 116.919
201802 87.859 102.317 113.163
201805 92.761 103.917 117.637
201808 91.516 104.517 115.392
201811 92.001 104.217 116.338
201902 89.277 103.817 113.328
201905 92.306 105.418 115.394
201908 90.879 106.018 112.967
201911 93.340 105.318 116.798
202002 89.325 105.618 111.456
202005 94.765 106.018 117.798
202008 101.206 106.018 125.804
202011 103.335 105.018 129.674
202102 100.528 107.018 123.794
202105 108.426 108.170 132.098
202108 110.221 109.118 133.117
202111 110.042 110.173 131.629
202202 106.729 111.754 125.860
202205 112.588 115.760 128.174
202208 108.907 116.709 122.975
202211 112.251 119.872 123.407
202302 110.034 121.454 119.395
202305 112.176 122.824 120.361
202308 111.150 123.878 118.245
202311 113.494 123.668 120.944
202402 109.343 124.511 115.731
202405 119.495 125.776 125.204
202408 117.055 126.198 122.238
202411 116.791 126.409 121.759
202502 115.025 127.358 119.024
202505 120.473 128.412 123.638
202508 122.261 128.939 124.960
202511 122.090 129.361 124.379
202602 117.916 129.782 119.736
202605 123.764 131.786 123.764

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 0.69 mean?
HORNBACH Holding AG and Co KGaA (XSWX:HBH) has a Cyclically Adjusted PB Ratio of 0.69 as of Jul. 16, 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 HORNBACH Holding AG and Co KGaA and its competitors. This is 14% below median its historical median of 0.80. Over the past decade, HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.71. According to the industry distribution chart, HORNBACH Holding AG and Co KGaA ranks #247 out of 809 companies in the Retail - Cyclical industry, placing it in the top 30.5%.
Is HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio too high?
HORNBACH Holding AG and Co KGaA's current Cyclically Adjusted PB Ratio of 0.69 is 14% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.71. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. HORNBACH Holding AG and Co KGaA's value of 0.69 is 44.8% below this industry median. Based on the distribution chart, HORNBACH Holding AG and Co KGaA ranks #247 out of 809 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, HORNBACH Holding AG and Co KGaA has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does HORNBACH Holding AG and Co KGaA's Cyclically Adjusted PB Ratio compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, HORNBACH Holding AG and Co KGaA ranks #247 out of 809 companies for Cyclically Adjusted PB Ratio. This puts HORNBACH Holding AG and Co KGaA in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. HORNBACH Holding AG and Co KGaA's value of 0.69 is 44.8% below this benchmark. Historically, HORNBACH Holding AG and Co KGaA's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.71 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.25, HORNBACH Holding AG and Co KGaA 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 809 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. HORNBACH Holding AG and Co KGaA's current Cyclically Adjusted PB Ratio of 0.69 is 44.8% 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 HORNBACH Holding AG and Co KGaA and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HORNBACH Holding AG and Co KGaA's current Cyclically Adjusted PB Ratio is 0.69, which is 14% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HORNBACH Holding AG and Co KGaA stock overvalued right now?
HORNBACH Holding AG and Co KGaA (XSWX:HBH) has a current Cyclically Adjusted PB Ratio of 0.69. The stock's GF Value™ is CHF78.95, compared to a current price of CHF72.60 — trading 8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.69, which is 14% below median its 10-year median of 0.80 and 44.8% below the Retail - Cyclical industry median of 1.25. HORNBACH Holding AG and Co KGaA's overall GF Score™ is 72/100 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 HORNBACH Holding AG and Co KGaA (XSWX:HBH), the current Cyclically Adjusted PB Ratio is 0.69 as of Jul. 16, 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 HORNBACH Holding AG and Co KGaA (XSWX:HBH) Overvalued in 2026?

Based on GuruFocus' analysis, HORNBACH Holding AG and Co KGaA stock appears to be undervalued. The current stock price of CHF72.60 is trading 8% below its estimated GF Value™ of CHF78.95.

Key valuation signals for XSWX:HBH:

  • Cyclically Adjusted PB Ratio: 0.69 (14% below median its 10-year median of 0.80)
  • GF Value™: CHF78.95 vs. price of CHF72.60 (8% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 44.8% below the Retail - Cyclical median (#247 of 809)

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


HORNBACH Holding AG and Co KGaA Business Description

Address Le Quartier Hornbach 19, Neustadt an der Weinstrasse, DEU, 67433
HORNBACH Holding AG and Co KGaA and its subsidiaries are involved in the business of Retail and Real estate segments. The company's operating segment include HORNBACH Baumarkt subgroup; HORNBACH Baustoff Union GmbH subgroup, and HORNBACH Immobilien AG subgroup. It generates maximum revenue from the HORNBACH Baumarkt subgroup segment. Geographically, it derives a majority of revenue from Germany. Products are structured in the following divisions: Hardware/Electrical, Paint/Wallpaper/Flooring, Construction Materials/Timber/Prefabricated Components, Sanitary/Tiles, and Garden. The company operates in Germany and other European countries.
72GF Score

Get the complete analysis for XSWX:HBH

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

CHF72.60
Price
CHF78.95
GF Value