KMDA (Kamada) Cyclically Adjusted Book per Share: $4.22 (As of Jun. 2026)

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.

KMDA Kamada Ltd KMDA
86 GF Score
Price $8.21
GF Value $8.60
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Kamada Cyclically Adjusted Book per Share?

Kamada KMDA -0.73% 86 Cyclically Adjusted Book per Share is $4.22 as of Jun. 2026. GuruFocus rates KMDA with a GF Score™ of 86/100 and a GF Value™ of $8.60 (Fairly Valued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Kamada's adjusted book value per share for the three months ended in Jun. 2026 was $4.672. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $4.22 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Kamada's average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Kamada was 8.70% per year. The lowest was 6.90% per year. And the median was 7.80% per year.

As of today (2026-09-09), Kamada's current stock price is $8.21. Kamada's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $4.22. Kamada's Cyclically Adjusted PB Ratio of today is 1.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kamada was 2.74. The lowest was 1.43. And the median was 1.98.


Kamada  (NAS:KMDA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Kamada's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.21/4.22
=1.95

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kamada was 2.74. The lowest was 1.43. And the median was 1.98.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Kamada Cyclically Adjusted Book per Share Related Terms


Kamada Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Kamada's Cyclically Adjusted Book per Share 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.

Kamada Cyclically Adjusted Book per Share Chart

Kamada Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.76 2.85 2.85 3.05 3.72

Kamada Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 3.42 3.56 3.72 3.94 4.22

KMDA vs ZTS, UTHR, VTRS: Cyclically Adjusted Book per Share Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Kamada's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Kamada Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Kamada's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kamada's Cyclically Adjusted PB Ratio falls into.


KMDA
86GF Score
Kamada Ltd KMDA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kamada Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

For example, Kamada's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.672/333.9520*333.9520
=4.672

Current CPI (Jun. 2026) = 333.9520.

Kamada Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.886 241.428 2.609
201612 1.831 241.432 2.533
201703 1.736 243.801 2.378
201706 1.876 244.955 2.558
201709 2.079 246.819 2.813
201712 2.223 246.524 3.011
201803 2.238 249.554 2.995
201806 2.382 251.989 3.157
201809 2.331 252.439 3.084
201812 2.789 251.233 3.707
201903 2.915 254.202 3.830
201906 3.077 256.143 4.012
201909 3.212 256.759 4.178
201912 3.353 256.974 4.357
202003 3.724 258.115 4.818
202006 3.795 257.797 4.916
202009 3.951 260.280 5.069
202012 3.993 260.474 5.119
202103 4.050 264.877 5.106
202106 4.071 271.696 5.004
202109 4.055 274.310 4.937
202112 3.947 278.802 4.728
202203 3.910 287.504 4.542
202206 3.830 296.311 4.317
202209 3.849 296.808 4.331
202212 3.926 296.797 4.417
202303 3.899 301.836 4.314
202306 3.942 305.109 4.315
202309 4.148 307.789 4.501
202312 4.245 306.746 4.621
202403 4.289 312.332 4.586
202406 4.368 314.175 4.643
202409 4.440 315.301 4.703
202412 4.512 315.605 4.774
202503 4.381 319.799 4.575
202506 4.507 322.561 4.666
202509 4.598 324.800 4.728
202512 4.664 324.054 4.806
202603 4.497 330.213 4.548
202606 4.672 333.952 4.672

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $4.22 mean?
Kamada (KMDA) has a Cyclically Adjusted Book per Share of $4.22 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Kamada and its competitors.
Is Kamada's Cyclically Adjusted Book per Share too high?
Kamada's current Cyclically Adjusted Book per Share is $4.22. Overall, Kamada has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kamada's Cyclically Adjusted Book per Share compare to ZTS and UTHR?
Kamada's Cyclically Adjusted Book per Share of $4.22 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Drug Manufacturers company?
A good Cyclically Adjusted Book per Share depends on the Drug Manufacturers industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Kamada and its competitors. Kamada's current Cyclically Adjusted Book per Share is $4.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kamada stock overvalued right now?
Based on GuruFocus' analysis, Kamada (KMDA) is currently considered Fairly Valued. The stock's GF Value™ is $8.60, compared to a current price of $8.21 — trading 4.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is $4.22. Kamada's overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Kamada (KMDA), the current Cyclically Adjusted Book per Share is $4.22 as of Jun. 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 Kamada (KMDA) Overvalued in 2026?

Based on GuruFocus' analysis, Kamada stock appears to be undervalued. The current stock price of $8.21 is trading 4.5% below its estimated GF Value™ of $8.60. GuruFocus considers Kamada to be Fairly Valued.

Key valuation signals for KMDA:

  • Cyclically Adjusted Book per Share: $4.22
  • GF Value™: $8.60 vs. price of $8.21 (4.5% below fair value)
  • GF Score™: 86/100 with 1 warning sign

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


Kamada Business Description

Other Exchanges KMDA:Israel
Address 2 Holzman Street, P.O. Box 4081, Science Park, Rehovot, ISR, 7670402
Kamada Ltd is a drug-focused, plasma-derived protein therapeutics company. It is involved in the business of developing, producing, and marketing specialty therapeutics using protein purification proprietary technology. Its product portfolio consists of Glassia, Bramitob, Foster, Ixiaro, Factor-IX, and others. The company has two segments namely, the Proprietary Products segment and the Distribution segment. It derives the majority of its revenue from the Proprietary products segment. The firm categorizes its products in Lung Disease, Vaccines, Haemophilia, Immunoglobulins, Critical care, and Diagnostics.
86GF Score

Get the complete analysis for KMDA

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

$8.21
Price
$8.60
GF Value