Hoenle AG (WBO:HNLG) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

WBO:HNLG Hoenle AG WBO:HNLG
46 GF Score
Price €7.68
GF Value €9.46
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Hoenle AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoenle AG  (WBO:HNLG) 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.


Hoenle AG Cyclically Adjusted PS Ratio Related Terms


Hoenle AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hoenle 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.

Hoenle AG Cyclically Adjusted PS Ratio Chart

Hoenle AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.40

Hoenle AG 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 0.45 0.39 0.33 0.39 0.40

WBO:HNLG vs VRT, BE, HUBB: Cyclically Adjusted PS Ratio Comparison

For the Electrical Equipment & Parts subindustry, Hoenle 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.


Hoenle AG Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


WBO:HNLG
46GF Score
Hoenle AG WBO:HNLG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoenle 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.

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

For example, Hoenle AG'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)
=3.911/131.3638*131.3638
=3.911

Current CPI (Jun. 2026) = 131.3638.

Hoenle AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.473 101.017 5.817
201612 4.024 101.217 5.223
201703 4.545 101.417 5.887
201706 4.504 102.117 5.794
201709 5.420 102.717 6.932
201712 5.358 102.617 6.859
201803 5.649 102.917 7.210
201806 5.094 104.017 6.433
201809 6.847 104.718 8.589
201812 5.488 104.217 6.918
201903 4.670 104.217 5.886
201906 4.581 105.718 5.692
201909 4.809 106.018 5.959
201912 4.626 105.818 5.743
202003 4.600 105.718 5.716
202006 3.789 106.618 4.668
202009 3.730 105.818 4.630
202012 4.400 105.518 5.478
202103 5.103 107.518 6.235
202106 4.508 108.486 5.459
202109 4.988 109.435 5.988
202112 5.069 110.384 6.032
202203 4.955 113.968 5.711
202206 4.349 115.760 4.935
202209 4.771 118.818 5.275
202212 4.556 119.345 5.015
202303 4.273 122.402 4.586
202306 4.325 123.140 4.614
202309 4.388 124.195 4.641
202312 3.924 123.773 4.165
202403 4.012 125.038 4.215
202406 3.950 125.882 4.122
202409 4.400 126.198 4.580
202412 3.532 127.041 3.652
202503 4.249 127.779 4.368
202506 3.735 128.412 3.821
202509 3.938 129.255 4.002
202512 3.543 129.361 3.598
202603 3.933 131.258 3.936
202606 3.911 131.364 3.911

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.

Is Hoenle AG (WBO:HNLG) Overvalued in 2026?

Based on GuruFocus' analysis, Hoenle AG stock appears to be undervalued. The current stock price of €7.68 is trading 18.8% below its estimated GF Value™ of €9.46. GuruFocus considers Hoenle AG to be Modestly Undervalued.

Key valuation signals for WBO:HNLG:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €9.46 vs. price of €7.68 (18.8% below fair value)
  • GF Score™: 46/100 with 3 warning signs

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


Hoenle AG Business Description

Other Exchanges 0O27:UKHNL:Germany
Address Nicolaus-Otto-Street 2, Gilching, Munich, BY, DEU, 82205
Hoenle AG develops, manufactures, and markets industrial UV technology. The company operates in UV, LED-UV, IR / HA, Inert-UV and Excimer systems and equipment, industrial adhesives, UV and IR lamps, UV measuring technology and reflectors and Electronic Power Supplies. The solutions provided by the company are Printing, Converting and Coating, Bonding, Potting and Fluorescence Testing, and Disinfection of Surfaces, Liquids and Gases.
46GF Score

Get the complete analysis for WBO:HNLG

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

€7.68
Price
€9.46
GF Value