Hoevelrat Holding AG (HAM:C9T) Cyclically Adjusted PS Ratio: 30.91 (As of Jul. 28, 2026) — Near Median

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HAM:C9T Hoevelrat Holding AG HAM:C9T
63 GF Score
Price €6.80
GF Value €13.01
Valuation Possible Value Trap
! 2 Warning Signs
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What is Hoevelrat Holding AG Cyclically Adjusted PS Ratio?

Hoevelrat Holding AG HAM:C9T 63 Cyclically Adjusted PS Ratio is 30.91 as of Jul. 28, 2026, which is 1% above its 10-year median of 30.57. GuruFocus rates HAM:C9T with a GF Score™ of 63/100 and a GF Value™ of €13.01 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 906 Asset Management companies, Hoevelrat Holding AG ranks worse than 94.15% on this metric.

As of today (2026-07-28), Hoevelrat Holding AG's current share price is €6.80. Hoevelrat Holding AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €0.22. Hoevelrat Holding AG's Cyclically Adjusted PS Ratio for today is 30.91.

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

HAM:C9T' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 28.41   Med: 30.57   Max: 32.95
Current: 31.6

During the past 10 years, Hoevelrat Holding AG's highest Cyclically Adjusted PS Ratio was 32.95. The lowest was 28.41. And the median was 30.57.

HAM:C9T's Cyclically Adjusted PS Ratio is ranked worse than
94.15% of 906 companies
in the Asset Management industry
Industry Median: 7.675 vs HAM:C9T: 31.60

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.

Hoevelrat Holding AG's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €0.413. 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 €0.22 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoevelrat Holding AG  (HAM:C9T) 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.


Hoevelrat Holding AG Cyclically Adjusted PS Ratio Related Terms


Hoevelrat Holding AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hoevelrat Holding AG'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.

Hoevelrat Holding AG Cyclically Adjusted PS Ratio Chart

Hoevelrat Holding AG 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 0.00 0.00 0.00 0.00 29.74

Hoevelrat Holding AG Semi-Annual Data
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 0.00 0.00 0.00 0.00 29.74

HAM:C9T vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Hoevelrat Holding AG'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.


Hoevelrat Holding AG Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hoevelrat Holding AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hoevelrat Holding AG's Cyclically Adjusted PS Ratio falls into.


HAM:C9T
63GF Score
Hoevelrat Holding AG HAM:C9T
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoevelrat Holding AG 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.

Hoevelrat Holding AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.80/0.22
=30.91

* 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.

Hoevelrat Holding AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Hoevelrat Holding AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.413/129.3606*129.3606
=0.413

Current CPI (Dec25) = 129.3606.

Hoevelrat Holding AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.000 101.217 0.000
201712 0.000 102.617 0.000
201812 0.113 104.217 0.140
201912 0.123 105.818 0.150
202012 0.098 105.518 0.120
202112 0.115 110.384 0.135
202212 0.129 119.345 0.140
202312 0.230 123.773 0.240
202412 0.376 127.041 0.383
202512 0.413 129.361 0.413

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 30.91 mean?
Hoevelrat Holding AG (HAM:C9T) has a Cyclically Adjusted PS Ratio of 30.91 as of Jul. 28, 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 Hoevelrat Holding AG and its competitors. This is near median its historical median of 30.57. Over the past decade, Hoevelrat Holding AG's Cyclically Adjusted PS Ratio has ranged from 28.41 to 32.95. According to the industry distribution chart, Hoevelrat Holding AG ranks #853 out of 906 companies in the Asset Management industry, placing it in the top 94.2%.
Is Hoevelrat Holding AG's Cyclically Adjusted PS Ratio too high?
Hoevelrat Holding AG's current Cyclically Adjusted PS Ratio of 30.91 is near median its 10-year median of 30.57. Over the past 10 years, this metric has ranged from a low of 28.41 to a high of 32.95. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.68. Hoevelrat Holding AG's value of 30.91 is 302.7% above this industry median. Based on the distribution chart, Hoevelrat Holding AG ranks #853 out of 906 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Hoevelrat Holding AG has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hoevelrat Holding AG's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Hoevelrat Holding AG ranks #853 out of 906 companies for Cyclically Adjusted PS Ratio. This places Hoevelrat Holding AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.68. Hoevelrat Holding AG's value of 30.91 is 302.7% above this benchmark. Historically, Hoevelrat Holding AG's own Cyclically Adjusted PS Ratio has ranged from 28.41 to 32.95 over the past decade. While the company's 10-year median is 30.57 vs. the industry median of 7.68, Hoevelrat Holding AG 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 an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.68, based on 906 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. Hoevelrat Holding AG's current Cyclically Adjusted PS Ratio of 30.91 is 302.7% 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 Hoevelrat Holding AG and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoevelrat Holding AG's current Cyclically Adjusted PS Ratio is 30.91, which is near median its own 10-year median of 30.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoevelrat Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Hoevelrat Holding AG (HAM:C9T) is currently considered Possible Value Trap. The stock's GF Value™ is €13.01, compared to a current price of €6.80 — trading 47.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 30.91, which is near median its 10-year median of 30.57 and 302.7% above the Asset Management industry median of 7.68. Hoevelrat Holding AG's overall GF Score™ is 63/100 with 2 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 Hoevelrat Holding AG (HAM:C9T), the current Cyclically Adjusted PS Ratio is 30.91 as of Jul. 28, 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 Hoevelrat Holding AG (HAM:C9T) Overvalued in 2026?

Based on GuruFocus' analysis, Hoevelrat Holding AG stock appears to be undervalued. The current stock price of €6.80 is trading 47.7% below its estimated GF Value™ of €13.01. GuruFocus considers Hoevelrat Holding AG to be Possible Value Trap.

Key valuation signals for HAM:C9T:

  • Cyclically Adjusted PS Ratio: 30.91 (near median its 10-year median of 30.57)
  • GF Value™: €13.01 vs. price of €6.80 (47.7% below fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 302.7% above the Asset Management median (#853 of 906)

No single metric tells the full story. See the HAM:C9T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoevelrat Holding AG Business Description

Address Valentinskamp 90, Hamburg, DEU, 20355
Hoevelrat Holding AG is an independent asset manager. It is engaged in offering financial services. The firm provides various services such as research, marketing, controlling, distribution, staff, and sustainability.
63GF Score

Get the complete analysis for HAM:C9T

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

€6.80
Price
€13.01
GF Value