Hexagon AB (CHIX:HEXABS) Cyclically Adjusted PS Ratio: 4.71 (As of Aug. 06, 2026) — 11% Below Median

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.

CHIX:HEXABS Hexagon AB CHIX:HEXABS
85 GF Score
Price kr95.29
GF Value kr76.45
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Hexagon AB Cyclically Adjusted PS Ratio?

Hexagon AB CHIX:HEXABS 85 Cyclically Adjusted PS Ratio is 4.71 as of Aug. 06, 2026, which is 11% below its 10-year median of 5.30. GuruFocus rates CHIX:HEXABS with a GF Score™ of 85/100 and a GF Value™ of kr76.45 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,975 Hardware companies, Hexagon AB ranks worse than 80.96% on this metric.

As of today (2026-08-06), Hexagon AB's current share price is kr95.29. Hexagon AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr20.23. Hexagon AB's Cyclically Adjusted PS Ratio for today is 4.71.

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

CHIX:HEXABs' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.49   Med: 5.3   Max: 9.48
Current: 4.64

During the past years, Hexagon AB's highest Cyclically Adjusted PS Ratio was 9.48. The lowest was 3.49. And the median was 5.30.

CHIX:HEXABs's Cyclically Adjusted PS Ratio is ranked worse than
80.96% of 1975 companies
in the Hardware industry
Industry Median: 1.34 vs CHIX:HEXABs: 4.64

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Hexagon AB's adjusted revenue per share data for the three months ended in Jun. 2026 was kr4.255. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr20.23 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hexagon AB  (CHIX:HEXABs) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Hexagon AB Cyclically Adjusted PS Ratio Related Terms


Hexagon AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hexagon AB's Cyclically Adjusted PS 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.

Hexagon AB Cyclically Adjusted PS Ratio Chart

Hexagon AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.49 5.35 5.31 4.36 4.42

Hexagon AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 3.90 4.55 4.42 3.62 3.97

CHIX:HEXABS vs COHR, KEYS, GRMN: Cyclically Adjusted PS Ratio Comparison

For the Scientific & Technical Instruments subindustry, Hexagon AB's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Hexagon AB Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Hexagon AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hexagon AB's Cyclically Adjusted PS Ratio falls into.


CHIX:HEXABS
85GF Score
Hexagon AB CHIX:HEXABS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hexagon AB Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Hexagon AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=95.29/20.23
=4.71

* 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.

Hexagon AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hexagon AB's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.255/134.6100*134.6100
=4.255

Current CPI (Jun. 2026) = 134.6100.

Hexagon AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.949 101.138 3.925
201612 3.268 102.022 4.312
201703 2.938 102.022 3.876
201706 3.324 102.752 4.355
201709 3.208 103.279 4.181
201712 3.746 103.793 4.858
201803 3.341 103.962 4.326
201806 3.805 104.875 4.884
201809 3.891 105.679 4.956
201812 4.222 105.912 5.366
201903 3.781 105.886 4.807
201906 4.060 106.742 5.120
201909 3.990 107.214 5.010
201912 4.329 107.766 5.407
202003 3.762 106.563 4.752
202006 3.654 107.498 4.576
202009 3.810 107.635 4.765
202012 4.098 108.296 5.094
202103 3.865 108.360 4.801
202106 4.229 108.928 5.226
202109 4.256 110.338 5.192
202112 4.595 112.486 5.499
202203 4.515 114.825 5.293
202206 5.025 118.384 5.714
202209 5.255 122.296 5.784
202212 5.696 126.365 6.068
202303 5.328 127.042 5.645
202306 5.887 129.407 6.124
202309 5.896 130.224 6.095
202312 5.934 131.912 6.055
202403 5.437 132.205 5.536
202406 5.647 132.716 5.728
202409 5.454 132.304 5.549
202412 6.156 132.987 6.231
202503 3.893 132.825 3.945
202506 4.110 133.699 4.138
202509 5.299 133.480 5.344
202512 5.747 133.390 5.800
202603 3.836 133.560 3.866
202606 4.255 134.610 4.255

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 4.71 mean?
Hexagon AB (CHIX:HEXABS) has a Cyclically Adjusted PS Ratio of 4.71 as of Aug. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Hexagon AB and its competitors. This is 11% below median its historical median of 5.30. Over the past decade, Hexagon AB's Cyclically Adjusted PS Ratio has ranged from 3.49 to 9.48. According to the industry distribution chart, Hexagon AB ranks #1599 out of 1975 companies in the Hardware industry, placing it in the top 81%.
Is Hexagon AB's Cyclically Adjusted PS Ratio too high?
Hexagon AB's current Cyclically Adjusted PS Ratio of 4.71 is 11% below median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 3.49 to a high of 9.48. The Hardware industry median Cyclically Adjusted PS Ratio is 1.34. Hexagon AB's value of 4.71 is 251.5% above this industry median. Based on the distribution chart, Hexagon AB ranks #1599 out of 1975 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Hexagon AB has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hexagon AB's Cyclically Adjusted PS Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Hexagon AB ranks #1599 out of 1975 companies for Cyclically Adjusted PS Ratio. This places Hexagon AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Hexagon AB's value of 4.71 is 251.5% above this benchmark. Historically, Hexagon AB's own Cyclically Adjusted PS Ratio has ranged from 3.49 to 9.48 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 1.34, Hexagon AB 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 PS Ratio for a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.34, based on 1,975 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hexagon AB's current Cyclically Adjusted PS Ratio of 4.71 is 251.5% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Hexagon AB and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hexagon AB's current Cyclically Adjusted PS Ratio is 4.71, which is 11% below median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hexagon AB stock overvalued right now?
Based on GuruFocus' analysis, Hexagon AB (CHIX:HEXABS) is currently considered Modestly Overvalued. The stock's GF Value™ is kr76.45, compared to a current price of kr95.29 — trading 24.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.71, which is 11% below median its 10-year median of 5.30 and 251.5% above the Hardware industry median of 1.34. Hexagon AB's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Hexagon AB (CHIX:HEXABS), the current Cyclically Adjusted PS Ratio is 4.71 as of Aug. 06, 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 Hexagon AB (CHIX:HEXABS) Overvalued in 2026?

Based on GuruFocus' analysis, Hexagon AB stock appears to be overvalued. The current stock price of kr95.29 is trading 24.6% above its estimated GF Value™ of kr76.45. GuruFocus considers Hexagon AB to be Modestly Overvalued.

Key valuation signals for CHIX:HEXABS:

  • Cyclically Adjusted PS Ratio: 4.71 (11% below median its 10-year median of 5.30)
  • GF Value™: kr76.45 vs. price of kr95.29 (24.6% above fair value)
  • GF Score™: 85/100 with 9 warning signs
  • Industry Position: 251.5% above the Hardware median (#1599 of 1975)

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


Hexagon AB Business Description

Address Lilla Bantorget 15, Stockholm, SWE, 111 23
Hexagon is the global leader in digital reality solutions, combining hardware such as sensors and measuring devices, software, and services. Customers are mainly in heavy industry, such as oil and gas, mining, construction, manufacturing, chemicals, and agriculture. Major products include measuring technology, mapping tools, and software. Around 40% of revenue is generated in the Americas, 35% in Europe, the Middle East, and Africa, and the rest in Asia.
85GF Score

Get the complete analysis for CHIX:HEXABS

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

kr95.29
Price
kr76.45
GF Value