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.
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.
Happy Belly Food GroupHBFGF -0.18%56 PB Ratio is 41.48 as of Jul. 29, 2026, which is 188% above its 10-year median of 14.42. GuruFocus rates HBFGF with a GF Score™ of 56/100 and a GF Value™ of $1.34 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,899 Consumer Packaged Goods companies, Happy Belly Food Group ranks worse than 99.05% on this metric.
The historical rank and industry rank for Happy Belly Food Group's PB Ratio or its related term are showing as below:
HBFGF'
s PB Ratio Range Over the Past 10 Years
Min: 1.65 Med: 14.42 Max: 610
Current: 37.33
During the past 10 years, Happy Belly Food Group's highest PB Ratio was 610.00. The lowest was 1.65. And the median was 14.42.
HBFGF's PB Ratio is ranked worse than 99.05% of 1899
companies
in the Consumer Packaged Goods industry
Industry Median: 1.35
vs HBFGF: 37.33
During the past 12 months, Happy Belly Food Group's average Book Value Per Share Growth Rate was 94.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 37.00% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Happy Belly Food Group was 37.00% per year. The lowest was -39.10% per year. And the median was -1.00% per year.
Back to Basics: PB Ratio
Happy Belly Food Group (OTCPK:HBFGF) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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.
For the Packaged Foods subindustry, Happy Belly Food Group's PB Ratio, along with its competitors' market caps and PB 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.
Happy Belly Food Group PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Happy Belly Food Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Happy Belly Food Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Happy Belly Food Group (HBFGF) has a PB Ratio of 41.48 as of Jul. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Happy Belly Food Group and its competitors. This is 188% above median its historical median of 14.42. Over the past decade, Happy Belly Food Group's PB Ratio has ranged from 1.65 to 610.00. According to the industry distribution chart, Happy Belly Food Group ranks #1881 out of 1899 companies in the Consumer Packaged Goods industry, placing it in the top 99.1%.
Is Happy Belly Food Group's PB Ratio too high?
Happy Belly Food Group's current PB Ratio of 41.48 is 188% above median its 10-year median of 14.42. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 610.00. The Consumer Packaged Goods industry median PB Ratio is 1.35. Happy Belly Food Group's value of 41.48 is 2972.6% above this industry median. Based on the distribution chart, Happy Belly Food Group ranks #1881 out of 1899 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Happy Belly Food Group has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Happy Belly Food Group's PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Happy Belly Food Group ranks #1881 out of 1899 companies for PB Ratio. This places Happy Belly Food Group in the lower half of its industry. The industry median PB Ratio is 1.35. Happy Belly Food Group's value of 41.48 is 2972.6% above this benchmark. Historically, Happy Belly Food Group's own PB Ratio has ranged from 1.65 to 610.00 over the past decade. While the company's 10-year median is 14.42 vs. the industry median of 1.35, Happy Belly Food Group 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 PB Ratio for a Consumer Packaged Goods company?
The median PB Ratio among Consumer Packaged Goods companies is 1.35, based on 1,899 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happy Belly Food Group's current PB Ratio of 41.48 is 2972.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Happy Belly Food Group and its competitors. For the Consumer Packaged Goods industry, the median PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Belly Food Group's current PB Ratio is 41.48, which is 188% above median its own 10-year median of 14.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Belly Food Group stock overvalued right now?
Based on GuruFocus' analysis, Happy Belly Food Group (HBFGF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.34, compared to a current price of $1.12 — trading 16.4% below its estimated fair value. The current PB Ratio is 41.48, which is 188% above median its 10-year median of 14.42 and 2972.6% above the Consumer Packaged Goods industry median of 1.35. Happy Belly Food Group's overall GF Score™ is 56/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Happy Belly Food Group (HBFGF), the current PB Ratio is 41.48 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 Happy Belly Food Group (HBFGF) Overvalued in 2026?
Based on GuruFocus' analysis, Happy Belly Food Group stock appears to be undervalued.
The current stock price of $1.12 is trading 16.4% below its estimated GF Value™ of $1.34.
GuruFocus considers Happy Belly Food Group to be Modestly Undervalued.
Key valuation signals for HBFGF:
PB Ratio: 41.48 (188% above median its 10-year median of 14.42)
GF Value™: $1.34 vs. price of $1.12 (16.4% below fair value)
Industry Position: 2972.6% above the Consumer Packaged Goods median (#1881 of 1899)
No single metric tells the full story. See the HBFGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Happy Belly Food Group Inc operates and franchises Quick Service Restaurants (QSR) throughout Canada as well as sells its Consumer Product Goods (CPG) through wholesale and retail channels. It specializes in the growth of consumer food brands. It offers a diverse range of smoothie bowls and smoothies. The smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds. Its brands include HEAL, Rosie's, Yolks, SmileTiger, Joey Turks, Salus, among others. The company's operating segments are: Quick Service Restaurants (inclusive of franchised restaurants); Consumer Product Goods; and Corporate.
56GF Score
Get the complete analysis for HBFGF
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HBFGF has been successfully added to your 
