The Kenya Power & Lighting Co (NAI:KPLC) Cyclically Adjusted Book per Share: KES39.20 (As of Dec. 2025)


NAI:KPLC The Kenya Power & Lighting Co PLC NAI:KPLC
64 GF Score
Price KES18.10
GF Value KES2.40
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is The Kenya Power & Lighting Co Cyclically Adjusted Book per Share?

The Kenya Power & Lighting Co NAI:KPLC +0.56% 64 Cyclically Adjusted Book per Share is KES39.20 as of Dec. 2025. GuruFocus rates NAI:KPLC with a GF Score™ of 64/100 and a GF Value™ of KES2.40 (Significantly Overvalued). The stock has 8 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.

The Kenya Power & Lighting Co's adjusted book value per share data for the fiscal year that ended in Jun. 2025 was KES56.027. 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 KES39.20 for the trailing ten years ended in Jun. 2025.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.00% 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 The Kenya Power & Lighting Co was 6.60% per year. The lowest was 4.80% per year. And the median was 5.70% per year.

As of today (2026-07-13), The Kenya Power & Lighting Co's current stock price is KES 18.10. The Kenya Power & Lighting Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun. 2025 was KES39.20. The Kenya Power & Lighting Co's Cyclically Adjusted PB Ratio of today is 0.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Kenya Power & Lighting Co was 0.47. The lowest was 0.04. And the median was 0.06.


The Kenya Power & Lighting Co  (NAI:KPLC) 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.

The Kenya Power & Lighting Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.10/39.20
=0.46

* 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 The Kenya Power & Lighting Co was 0.47. The lowest was 0.04. And the median was 0.06.


Be Aware

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


The Kenya Power & Lighting Co Cyclically Adjusted Book per Share Related Terms


The Kenya Power & Lighting Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for The Kenya Power & Lighting 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.

The Kenya Power & Lighting Co Cyclically Adjusted Book per Share Chart

The Kenya Power & Lighting Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.04 34.06 34.82 36.63 39.20

The Kenya Power & Lighting Co Semi-Annual Data
Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 36.63 0.00 39.20 0.00

NAI:KPLC vs NEE, SO, DUK: Cyclically Adjusted Book per Share Comparison

For the Utilities - Regulated Electric subindustry, The Kenya Power & Lighting 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.


The Kenya Power & Lighting Co Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, The Kenya Power & Lighting Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Kenya Power & Lighting Co's Cyclically Adjusted PB Ratio falls into.


NAI:KPLC
64GF Score
The Kenya Power & Lighting Co PLC NAI:KPLC
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Kenya Power & Lighting 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, The Kenya Power & Lighting Co's adjusted Book Value per Share data for the fiscal year that ended in Jun. 2025 was:

Adj_Book=Book Value per Share /CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=56.027/322.5610*322.5610
=56.027

Current CPI (Jun. 2025) = 322.5610.

The Kenya Power & Lighting Co Annual Data

Book Value per Share CPI Adj_Book
201606 30.428 241.018 40.723
201706 29.925 244.955 39.406
201806 31.065 251.989 39.765
201906 28.815 256.143 36.287
202006 28.131 257.797 35.198
202106 29.142 271.696 34.598
202206 30.558 296.311 33.265
202306 29.128 305.109 30.794
202406 44.743 314.175 45.937
202506 56.027 322.561 56.027

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 KES39.20 mean?
The Kenya Power & Lighting Co (NAI:KPLC) has a Cyclically Adjusted Book per Share of KES39.20 as of Dec. 2025. 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 The Kenya Power & Lighting Co and its competitors.
Is The Kenya Power & Lighting Co's Cyclically Adjusted Book per Share too high?
The Kenya Power & Lighting Co's current Cyclically Adjusted Book per Share is KES39.20. Overall, The Kenya Power & Lighting Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Kenya Power & Lighting Co's Cyclically Adjusted Book per Share compare to NEE and SO?
The Kenya Power & Lighting Co's Cyclically Adjusted Book per Share of KES39.20 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Cyclically Adjusted Book per Share depends on the Utilities - Regulated 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 The Kenya Power & Lighting Co and its competitors. The Kenya Power & Lighting Co's current Cyclically Adjusted Book per Share is KES39.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Kenya Power & Lighting Co stock overvalued right now?
Based on GuruFocus' analysis, The Kenya Power & Lighting Co (NAI:KPLC) is currently considered Significantly Overvalued. The stock's GF Value™ is KES2.40, compared to a current price of KES18.10 — trading 654.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is KES39.20. The Kenya Power & Lighting Co's overall GF Score™ is 64/100 with 8 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 The Kenya Power & Lighting Co (NAI:KPLC), the current Cyclically Adjusted Book per Share is KES39.20 as of Dec. 2025. 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 The Kenya Power & Lighting Co (NAI:KPLC) Overvalued in 2026?

Based on GuruFocus' analysis, The Kenya Power & Lighting Co stock appears to be overvalued. The current stock price of KES18.10 is trading 654.2% above its estimated GF Value™ of KES2.40. GuruFocus considers The Kenya Power & Lighting Co to be Significantly Overvalued.

Key valuation signals for NAI:KPLC:

  • Cyclically Adjusted Book per Share: KES39.20
  • GF Value™: KES2.40 vs. price of KES18.10 (654.2% above fair value)
  • GF Score™: 64/100 with 8 warning signs

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


The Kenya Power & Lighting Co Business Description

Address Kolobot Road, Parklands, Stima Plaza, Po Box 30099, Nairobi, KEN, 00100
The Kenya Power & Lighting Co PLC is an electric power distribution company. The core business of the company includes transmission, distribution, and retail of electricity throughout Kenya. The company's business is organized by regions comprising Nairobi, Mount Kenya, Coast, and West Kenya. The firm also owns and operates an electricity transmission and distribution system in Kenya. The majority of the company's revenue is derived from the Nairobi region.
64GF Score

Get the complete analysis for NAI:KPLC

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

KES18.10
Price
KES2.40
GF Value