Hoenle AG (XTER:HNL) Cyclically Adjusted PS Ratio: 0.36 (As of Aug. 09, 2026) — 83% Below Median

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XTER:HNL Hoenle AG XTER:HNL
72 GF Score
Price €7.86
GF Value €9.80
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hoenle AG Cyclically Adjusted PS Ratio?

Hoenle AG XTER:HNL 72 Cyclically Adjusted PS Ratio is 0.36 as of Aug. 09, 2026, which is 83% below its 10-year median of 2.08. GuruFocus rates XTER:HNL with a GF Score™ of 72/100 and a GF Value™ of €9.80 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,293 Industrial Products companies, Hoenle AG ranks better than 86.83% on this metric.

As of today (2026-08-09), Hoenle AG's current share price is €7.86. Hoenle AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €21.54. Hoenle AG's Cyclically Adjusted PS Ratio for today is 0.36.

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

XTER:HNL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 2.08   Max: 5.63
Current: 0.36

During the past years, Hoenle AG's highest Cyclically Adjusted PS Ratio was 5.63. The lowest was 0.31. And the median was 2.08.

XTER:HNL's Cyclically Adjusted PS Ratio is ranked better than
86.83% of 2293 companies
in the Industrial Products industry
Industry Median: 1.71 vs XTER:HNL: 0.36

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.

Hoenle AG's adjusted revenue per share data for the three months ended in Mar. 2026 was €3.933. 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 €21.54 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hoenle AG  (XTER:HNL) 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 2.17 0.71 0.83 0.54 0.38

Hoenle 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 0.41 0.44 0.38 0.32 0.39

XTER:HNL 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.


XTER:HNL
72GF Score
Hoenle AG XTER:HNL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.86/21.54
=0.36

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

For example, Hoenle 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)
=3.933/131.2583*131.2583
=3.933

Current CPI (Mar. 2026) = 131.2583.

Hoenle AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.345 100.717 5.663
201609 4.473 101.017 5.812
201612 4.024 101.217 5.218
201703 4.544 101.417 5.881
201706 4.504 102.117 5.789
201709 5.420 102.717 6.926
201712 5.358 102.617 6.853
201803 5.649 102.917 7.205
201806 5.094 104.017 6.428
201809 6.847 104.718 8.582
201812 5.488 104.217 6.912
201903 4.670 104.217 5.882
201906 4.581 105.718 5.688
201909 4.809 106.018 5.954
201912 4.206 105.818 5.217
202003 4.600 105.718 5.711
202006 3.788 106.618 4.663
202009 5.390 105.818 6.686
202012 4.400 105.518 5.473
202103 5.103 107.518 6.230
202106 4.508 108.486 5.454
202109 4.988 109.435 5.983
202112 5.069 110.384 6.028
202203 4.955 113.968 5.707
202206 4.349 115.760 4.931
202209 4.771 118.818 5.271
202212 4.556 119.345 5.011
202303 4.273 122.402 4.582
202306 4.325 123.140 4.610
202309 4.388 124.195 4.638
202312 3.924 123.773 4.161
202403 4.012 125.038 4.212
202406 3.950 125.882 4.119
202409 4.400 126.198 4.576
202412 3.532 127.041 3.649
202503 4.249 127.779 4.365
202506 3.735 128.412 3.818
202509 3.938 129.255 3.999
202512 3.543 129.361 3.595
202603 3.933 131.258 3.933

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 0.36 mean?
Hoenle AG (XTER:HNL) has a Cyclically Adjusted PS Ratio of 0.36 as of Aug. 09, 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 Hoenle AG and its competitors. This is 83% below median its historical median of 2.08. Over the past decade, Hoenle AG's Cyclically Adjusted PS Ratio has ranged from 0.31 to 5.63. According to the industry distribution chart, Hoenle AG ranks #302 out of 2293 companies in the Industrial Products industry, placing it in the top 13.2%.
Is Hoenle AG's Cyclically Adjusted PS Ratio too high?
Hoenle AG's current Cyclically Adjusted PS Ratio of 0.36 is 83% below median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 5.63. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.71. Hoenle AG's value of 0.36 is 78.9% below this industry median. Based on the distribution chart, Hoenle AG ranks #302 out of 2293 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hoenle AG has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoenle AG's Cyclically Adjusted PS Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hoenle AG ranks #302 out of 2293 companies for Cyclically Adjusted PS Ratio. This places Hoenle AG in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.71. Hoenle AG's value of 0.36 is 78.9% below this benchmark. Historically, Hoenle AG's own Cyclically Adjusted PS Ratio has ranged from 0.31 to 5.63 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 1.71, Hoenle 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 2,293 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. Hoenle AG's current Cyclically Adjusted PS Ratio of 0.36 is 78.9% 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 Hoenle 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. Hoenle AG's current Cyclically Adjusted PS Ratio is 0.36, which is 83% below median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoenle AG stock overvalued right now?
Based on GuruFocus' analysis, Hoenle AG (XTER:HNL) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.80, compared to a current price of €7.86 — trading 19.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.36, which is 83% below median its 10-year median of 2.08 and 78.9% below the Industrial Products industry median of 1.71. Hoenle AG's overall GF Score™ is 72/100 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 Hoenle AG (XTER:HNL), the current Cyclically Adjusted PS Ratio is 0.36 as of Aug. 09, 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 Hoenle AG (XTER:HNL) Overvalued in 2026?

Based on GuruFocus' analysis, Hoenle AG stock appears to be undervalued. The current stock price of €7.86 is trading 19.8% below its estimated GF Value™ of €9.80. GuruFocus considers Hoenle AG to be Modestly Undervalued.

Key valuation signals for XTER:HNL:

  • Cyclically Adjusted PS Ratio: 0.36 (83% below median its 10-year median of 2.08)
  • GF Value™: €9.80 vs. price of €7.86 (19.8% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 78.9% below the Industrial Products median (#302 of 2293)

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


Hoenle AG Business Description

Other Exchanges 0O27:UKHNLG:Austria
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.
72GF Score

Get the complete analysis for XTER:HNL

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

€7.86
Price
€9.80
GF Value