KNBWY (Kirin Holdings Co) Cyclically Adjusted Book per Share: $12.98 (As of Jun. 2026)

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KNBWY Kirin Holdings Co Ltd KNBWY
70 GF Score
Price $18.52
GF Value $15.05
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Kirin Holdings Co Cyclically Adjusted Book per Share?

Kirin Holdings Co KNBWY +1.46% 70 Cyclically Adjusted Book per Share is $12.98 as of Jun. 2026. GuruFocus rates KNBWY with a GF Score™ of 70/100 and a GF Value™ of $15.05 (Modestly Overvalued). The stock has 3 warning signs 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.

Kirin Holdings Co's adjusted book value per share for the three months ended in Jun. 2026 was $12.977. 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 $12.98 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Kirin Holdings Co's average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.60% 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 Kirin Holdings Co was 4.70% per year. The lowest was -0.40% per year. And the median was 2.40% per year.

As of today (2026-09-16), Kirin Holdings Co's current stock price is $18.516. Kirin Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $12.98. Kirin Holdings Co's Cyclically Adjusted PB Ratio of today is 1.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kirin Holdings Co was 3.10. The lowest was 1.59. And the median was 2.06.


Kirin Holdings Co  (OTCPK:KNBWY) 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.

Kirin Holdings Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.516/12.975
=1.43

* 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 Kirin Holdings Co was 3.10. The lowest was 1.59. And the median was 2.06.


Be Aware

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


Kirin Holdings Co Cyclically Adjusted Book per Share Related Terms


Kirin Holdings Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Kirin Holdings Co'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.

Kirin Holdings Co Cyclically Adjusted Book per Share Chart

Kirin Holdings Co 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 12.05 12.17 12.25 12.52 13.05

Kirin Holdings Co 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 12.55 12.62 12.80 12.82 12.98

KNBWY vs STZ, TAP: Cyclically Adjusted Book per Share Comparison

For the Beverages - Brewers subindustry, Kirin Holdings Co'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.


Kirin Holdings Co Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Kirin Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KNBWY
70GF Score
Kirin Holdings Co Ltd KNBWY
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kirin Holdings Co 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, Kirin Holdings Co'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)
=12.977/113.6000*113.6000
=12.977

Current CPI (Jun. 2026) = 113.6000.

Kirin Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.306 98.000 10.787
201612 8.889 98.400 10.262
201703 9.694 98.100 11.226
201706 11.028 98.500 12.719
201709 11.331 98.800 13.028
201712 11.956 99.400 13.664
201803 12.666 99.200 14.505
201806 12.263 99.200 14.043
201809 12.046 99.900 13.698
201812 12.467 99.700 14.205
201903 11.536 99.700 13.144
201906 11.852 99.800 13.491
201909 11.713 100.100 13.293
201912 12.147 100.500 13.730
202003 11.281 100.300 12.777
202006 11.753 99.900 13.365
202009 12.248 99.900 13.928
202012 12.734 99.300 14.568
202103 12.252 99.900 13.932
202106 12.302 99.500 14.045
202109 12.046 100.100 13.671
202112 11.959 100.100 13.572
202203 11.810 101.100 13.270
202206 11.293 101.800 12.602
202209 11.149 103.100 12.284
202212 11.728 104.100 12.798
202303 11.428 104.400 12.435
202306 11.381 105.200 12.290
202309 11.541 106.200 12.345
202312 12.488 106.800 13.283
202403 11.891 107.200 12.601
202406 12.190 108.200 12.798
202409 13.044 108.900 13.607
202412 12.048 110.700 12.364
202503 11.442 111.100 11.699
202506 12.026 111.700 12.231
202509 12.179 112.000 12.353
202512 12.562 113.000 12.629
202603 12.666 112.700 12.767
202606 12.977 113.600 12.977

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 $12.98 mean?
Kirin Holdings Co (KNBWY) has a Cyclically Adjusted Book per Share of $12.98 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 Kirin Holdings Co and its competitors.
Is Kirin Holdings Co's Cyclically Adjusted Book per Share too high?
Kirin Holdings Co's current Cyclically Adjusted Book per Share is $12.98. Overall, Kirin Holdings Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kirin Holdings Co's Cyclically Adjusted Book per Share compare to STZ and TAP?
Kirin Holdings Co's Cyclically Adjusted Book per Share of $12.98 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Cyclically Adjusted Book per Share depends on the Beverages - Alcoholic 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 Kirin Holdings Co and its competitors. Kirin Holdings Co's current Cyclically Adjusted Book per Share is $12.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kirin Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Kirin Holdings Co (KNBWY) is currently considered Modestly Overvalued. The stock's GF Value™ is $15.05, compared to a current price of $18.52 — trading 23% above its estimated fair value. The current Cyclically Adjusted Book per Share is $12.98. Kirin Holdings Co's overall GF Score™ is 70/100 with 3 warning signs 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 Kirin Holdings Co (KNBWY), the current Cyclically Adjusted Book per Share is $12.98 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 Kirin Holdings Co (KNBWY) Overvalued in 2026?

Based on GuruFocus' analysis, Kirin Holdings Co stock appears to be overvalued. The current stock price of $18.52 is trading 23% above its estimated GF Value™ of $15.05. GuruFocus considers Kirin Holdings Co to be Modestly Overvalued.

Key valuation signals for KNBWY:

  • Cyclically Adjusted Book per Share: $12.98
  • GF Value™: $15.05 vs. price of $18.52 (23% above fair value)
  • GF Score™: 70/100 with 3 warning signs

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


Kirin Holdings Co Business Description

Address 10-2 Nakano 4-chome, Nakano Central Park South, Nakano-ku, Tokyo, JPN, 164-0001
Kirin is the second-largest brewer in Japan with a 28% market share. It holds a top share in the happoshu (low-malt beer) and new genre (no-malt beer) categories. Apart from beer, it also operates a wide range of alcoholic and soft beverage products in Japan. It has made several acquisitions, including Lion Nathan and National Foods in Australia, the second-largest Brazilian brewer Schincariol and Myanmar's biggest brewer over the past decade. It sold the businesses in Brazil and Myanmar in 2017 and 2023, respectively. In 2023, the company made a tender offer to bring Fancl on as a wholly owned subsidiary. Its revenue accounts for roughly 5% of Kirin's total sales. Its overseas business, which includes alcoholic and nonalcoholic beverages, represents about 40% of the group's revenue.
70GF Score

Get the complete analysis for KNBWY

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

$18.52
Price
$15.05
GF Value