HBGRY (Heidelberger Druckmaschinen AG) Cyclically Adjusted PS Ratio: 0.15 (As of Jul. 29, 2026) — Near 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.

HBGRY Heidelberger Druckmaschinen AG HBGRY
49 GF Score
Price $0.76
GF Value $0.59
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Heidelberger Druckmaschinen AG Cyclically Adjusted PS Ratio?

Heidelberger Druckmaschinen AG HBGRY 49 Cyclically Adjusted PS Ratio is 0.15 as of Jul. 29, 2026, which is 7% above its 10-year median of 0.14. GuruFocus rates HBGRY with a GF Score™ of 49/100 and a GF Value™ of $0.59 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,300 Industrial Products companies, Heidelberger Druckmaschinen AG ranks better than 95.91% on this metric.

As of today (2026-07-29), Heidelberger Druckmaschinen AG's current share price is $0.7554. Heidelberger Druckmaschinen AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $5.06. Heidelberger Druckmaschinen AG's Cyclically Adjusted PS Ratio for today is 0.15.

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

HBGRY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.14   Max: 0.28
Current: 0.14

During the past years, Heidelberger Druckmaschinen AG's highest Cyclically Adjusted PS Ratio was 0.28. The lowest was 0.04. And the median was 0.14.

HBGRY's Cyclically Adjusted PS Ratio is ranked better than
95.91% of 2300 companies
in the Industrial Products industry
Industry Median: 1.71 vs HBGRY: 0.14

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.

Heidelberger Druckmaschinen AG's adjusted revenue per share data for the three months ended in Mar. 2026 was $1.087. 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 $5.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heidelberger Druckmaschinen AG  (OTCPK:HBGRY) 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.


Heidelberger Druckmaschinen AG Cyclically Adjusted PS Ratio Related Terms


Heidelberger Druckmaschinen AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Heidelberger Druckmaschinen 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.

Heidelberger Druckmaschinen AG Cyclically Adjusted PS Ratio Chart

Heidelberger Druckmaschinen AG Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.17 0.10 0.11 0.14

Heidelberger Druckmaschinen AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.11 0.15 0.23 0.21 0.14

HBGRY vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Heidelberger Druckmaschinen 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.


Heidelberger Druckmaschinen AG Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Heidelberger Druckmaschinen AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HBGRY
49GF Score
Heidelberger Druckmaschinen AG HBGRY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heidelberger Druckmaschinen 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.

Heidelberger Druckmaschinen AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.7554/5.06
=0.15

* 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.

Heidelberger Druckmaschinen AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Heidelberger Druckmaschinen AG's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.087/131.2583*131.2583
=1.087

Current CPI (Mar. 2026) = 131.2583.

Heidelberger Druckmaschinen AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.033 100.717 1.346
201609 1.278 101.017 1.661
201612 1.247 101.217 1.617
201703 1.617 101.417 2.093
201706 1.043 102.117 1.341
201709 1.250 102.717 1.597
201712 1.427 102.617 1.825
201803 1.369 102.917 1.746
201806 1.053 104.017 1.329
201809 1.209 104.718 1.515
201812 1.082 104.217 1.363
201903 1.480 104.217 1.864
201906 0.915 105.718 1.136
201909 1.193 106.018 1.477
201912 0.900 105.818 1.116
202003 1.676 105.718 2.081
202006 0.743 106.618 0.915
202009 1.060 105.818 1.315
202012 0.981 105.518 1.220
202103 1.171 107.518 1.430
202106 0.949 108.486 1.148
202109 1.063 109.435 1.275
202112 1.096 110.384 1.303
202203 1.156 113.968 1.331
202206 1.121 115.760 1.271
202209 0.899 118.818 0.993
202212 1.290 119.345 1.419
202303 1.191 122.402 1.277
202306 0.884 123.140 0.942
202309 1.017 124.195 1.075
202312 1.064 123.773 1.128
202403 1.328 125.038 1.394
202406 0.671 125.882 0.700
202409 0.812 126.198 0.845
202412 1.333 127.041 1.377
202503 1.313 127.779 1.349
202506 0.977 128.412 0.999
202509 1.108 129.255 1.125
202512 1.275 129.361 1.294
202603 1.087 131.258 1.087

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 0.15 mean?
Heidelberger Druckmaschinen AG (HBGRY) has a Cyclically Adjusted PS Ratio of 0.15 as of Jul. 29, 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 Heidelberger Druckmaschinen AG and its competitors. This is near median its historical median of 0.14. Over the past decade, Heidelberger Druckmaschinen AG's Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.28. According to the industry distribution chart, Heidelberger Druckmaschinen AG ranks #94 out of 2300 companies in the Industrial Products industry, placing it in the top 4.1%.
Is Heidelberger Druckmaschinen AG's Cyclically Adjusted PS Ratio too high?
Heidelberger Druckmaschinen AG's current Cyclically Adjusted PS Ratio of 0.15 is near median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.28. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.71. Heidelberger Druckmaschinen AG's value of 0.15 is 91.2% below this industry median. Based on the distribution chart, Heidelberger Druckmaschinen AG ranks #94 out of 2300 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Heidelberger Druckmaschinen AG has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heidelberger Druckmaschinen AG's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Heidelberger Druckmaschinen AG ranks #94 out of 2300 companies for Cyclically Adjusted PS Ratio. This places Heidelberger Druckmaschinen AG in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.71. Heidelberger Druckmaschinen AG's value of 0.15 is 91.2% below this benchmark. Historically, Heidelberger Druckmaschinen AG's own Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.28 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 1.71, Heidelberger Druckmaschinen AG 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 PS Ratio for an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.71, based on 2,300 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. Heidelberger Druckmaschinen AG's current Cyclically Adjusted PS Ratio of 0.15 is 91.2% 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 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 Heidelberger Druckmaschinen AG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heidelberger Druckmaschinen AG's current Cyclically Adjusted PS Ratio is 0.15, which is near median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heidelberger Druckmaschinen AG stock overvalued right now?
Based on GuruFocus' analysis, Heidelberger Druckmaschinen AG (HBGRY) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.59, compared to a current price of $0.76 — trading 28% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.15, which is near median its 10-year median of 0.14 and 91.2% below the Industrial Products industry median of 1.71. Heidelberger Druckmaschinen AG's overall GF Score™ is 49/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Heidelberger Druckmaschinen AG (HBGRY), the current Cyclically Adjusted PS Ratio is 0.15 as of Jul. 29, 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 Heidelberger Druckmaschinen AG (HBGRY) Overvalued in 2026?

Based on GuruFocus' analysis, Heidelberger Druckmaschinen AG stock appears to be overvalued. The current stock price of $0.76 is trading 28% above its estimated GF Value™ of $0.59. GuruFocus considers Heidelberger Druckmaschinen AG to be Modestly Overvalued.

Key valuation signals for HBGRY:

  • Cyclically Adjusted PS Ratio: 0.15 (near median its 10-year median of 0.14)
  • GF Value™: $0.59 vs. price of $0.76 (28% above fair value)
  • GF Score™: 49/100 with 3 warning signs
  • Industry Position: 91.2% below the Industrial Products median (#94 of 2300)

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


Heidelberger Druckmaschinen AG Business Description

Address Kurfursten-Anlage 52-60, Heidelberg, BW, DEU, 69115
Heidelberger Druckmaschinen AG is a technology company with a position in the printing industry and an increasing focus on other high-tech sectors. The Company leverages its expertise in high-precision plants, integrated control systems, software, power electronics, automation technology, and robotics, supported by a sales and service network. Its operations are organized into the Print & Packaging Equipment, Digital Solutions & Lifecycle, and HEIDELBERG Technology segments, with the Print & Packaging Equipment segment generating maximum revenue through offset, flexographic, and postpress solutions for the packaging and commercial printing sectors. The Company operates across the EMEA, Asia Pacific, and Americas regions.
49GF Score

Get the complete analysis for HBGRY

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

$0.76
Price
$0.59
GF Value