Paul Hartmann AG (STU:PHH2) Cyclically Adjusted PS Ratio: 0.28 (As of Aug. 03, 2026) — 24% Below Median

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STU:PHH2 Paul Hartmann AG STU:PHH2
64 GF Score
Price €200.00
GF Value €226.59
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Paul Hartmann AG Cyclically Adjusted PS Ratio?

Paul Hartmann AG STU:PHH2 64 Cyclically Adjusted PS Ratio is 0.28 as of Aug. 03, 2026, which is 24% below its 10-year median of 0.37. GuruFocus rates STU:PHH2 with a GF Score™ of 64/100 and a GF Value™ of €226.59 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 522 Medical Devices & Instruments companies, Paul Hartmann AG ranks better than 91% on this metric.

As of today (2026-08-03), Paul Hartmann AG's current share price is €200.00. Paul Hartmann AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €722.00. Paul Hartmann AG's Cyclically Adjusted PS Ratio for today is 0.28.

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

STU:PHH2' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.37   Max: 0.69
Current: 0.27

During the past 13 years, Paul Hartmann AG's highest Cyclically Adjusted PS Ratio was 0.69. The lowest was 0.27. And the median was 0.37.

STU:PHH2's Cyclically Adjusted PS Ratio is ranked better than
91% of 522 companies
in the Medical Devices & Instruments industry
Industry Median: 2.26 vs STU:PHH2: 0.27

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.

Paul Hartmann AG's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €689.645. 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 €722.00 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Paul Hartmann AG  (STU:PHH2) 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.


Paul Hartmann AG Cyclically Adjusted PS Ratio Related Terms


Paul Hartmann AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Paul Hartmann 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.

Paul Hartmann AG Cyclically Adjusted PS Ratio Chart

Paul Hartmann 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 0.55 0.31 0.29 0.31 0.31

Paul Hartmann AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.29 0.00 0.31 0.00 0.31

STU:PHH2 vs ISRG, BDX, MDLN: Cyclically Adjusted PS Ratio Comparison

For the Medical Instruments & Supplies subindustry, Paul Hartmann 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.


Paul Hartmann AG Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Paul Hartmann AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:PHH2
64GF Score
Paul Hartmann AG STU:PHH2
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paul Hartmann 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.

Paul Hartmann AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=200.00/722.00
=0.28

* 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.

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

For example, Paul Hartmann 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)
=689.645/129.3606*129.3606
=689.645

Current CPI (Dec25) = 129.3606.

Paul Hartmann AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 559.248 101.217 714.749
201712 579.569 102.617 730.613
201812 596.594 104.217 740.527
201912 615.643 105.818 752.615
202012 684.976 105.518 839.755
202112 648.021 110.384 759.429
202212 650.790 119.345 705.406
202312 662.517 123.773 692.426
202412 677.905 127.041 690.282
202512 689.645 129.361 689.645

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 0.28 mean?
Paul Hartmann AG (STU:PHH2) has a Cyclically Adjusted PS Ratio of 0.28 as of Aug. 03, 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 Paul Hartmann AG and its competitors. This is 24% below median its historical median of 0.37. Over the past decade, Paul Hartmann AG's Cyclically Adjusted PS Ratio has ranged from 0.27 to 0.69. According to the industry distribution chart, Paul Hartmann AG ranks #47 out of 522 companies in the Medical Devices & Instruments industry, placing it in the top 9%.
Is Paul Hartmann AG's Cyclically Adjusted PS Ratio too high?
Paul Hartmann AG's current Cyclically Adjusted PS Ratio of 0.28 is 24% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.69. The Medical Devices & Instruments industry median Cyclically Adjusted PS Ratio is 2.26. Paul Hartmann AG's value of 0.28 is 87.6% below this industry median. Based on the distribution chart, Paul Hartmann AG ranks #47 out of 522 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Paul Hartmann AG has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paul Hartmann AG's Cyclically Adjusted PS Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Paul Hartmann AG ranks #47 out of 522 companies for Cyclically Adjusted PS Ratio. This places Paul Hartmann AG in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 2.26. Paul Hartmann AG's value of 0.28 is 87.6% below this benchmark. Historically, Paul Hartmann AG's own Cyclically Adjusted PS Ratio has ranged from 0.27 to 0.69 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 2.26, Paul Hartmann 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 a Medical Devices & Instruments company?
The median Cyclically Adjusted PS Ratio among Medical Devices & Instruments companies is 2.26, based on 522 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. Paul Hartmann AG's current Cyclically Adjusted PS Ratio of 0.28 is 87.6% 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 Paul Hartmann AG and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PS Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paul Hartmann AG's current Cyclically Adjusted PS Ratio is 0.28, which is 24% below median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paul Hartmann AG stock overvalued right now?
Based on GuruFocus' analysis, Paul Hartmann AG (STU:PHH2) is currently considered Modestly Undervalued. The stock's GF Value™ is €226.59, compared to a current price of €200.00 — trading 11.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.28, which is 24% below median its 10-year median of 0.37 and 87.6% below the Medical Devices & Instruments industry median of 2.26. Paul Hartmann AG's overall GF Score™ is 64/100 with 4 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 Paul Hartmann AG (STU:PHH2), the current Cyclically Adjusted PS Ratio is 0.28 as of Aug. 03, 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 Paul Hartmann AG (STU:PHH2) Overvalued in 2026?

Based on GuruFocus' analysis, Paul Hartmann AG stock appears to be undervalued. The current stock price of €200.00 is trading 11.7% below its estimated GF Value™ of €226.59. GuruFocus considers Paul Hartmann AG to be Modestly Undervalued.

Key valuation signals for STU:PHH2:

  • Cyclically Adjusted PS Ratio: 0.28 (24% below median its 10-year median of 0.37)
  • GF Value™: €226.59 vs. price of €200.00 (11.7% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 87.6% below the Medical Devices & Instruments median (#47 of 522)

No single metric tells the full story. See the STU:PHH2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Paul Hartmann AG Business Description

Other Exchanges PHH2:Germany
Address Paul-Hartmann-Strasse 12, Heidenheim, DEU, 89522
Paul Hartmann AG engages in the production of medical and hygiene products. It operates through Wound Management, Incontinence Management and Infection Management and other segments. The Wound segment comprises wound dressing and treatment, compression therapy, first aid, immobilization, and diagnostics. The Incontinence segment provides incontinence hygiene, patient care, and medical skin care. The Infection segment consists of custom procedure trays, surgical draping systems, disposable surgical instruments, and disinfectants. The Other activities include activities in cotton-wool products, medical consumer goods and pharmaceutical products and others. All the activities are functioned through the region of US and derive revenue through the sale of medical and hygiene products.
64GF Score

Get the complete analysis for STU:PHH2

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

€200.00
Price
€226.59
GF Value