Liberty Kenya Holdings (NAI:LBTY) Cyclically Adjusted Book per Share: KES18.14 (As of Dec. 2025)


NAI:LBTY Liberty Kenya Holdings Ltd NAI:LBTY
69 GF Score
Price KES9.08
GF Value KES8.56
Valuation Fairly Valued
! 4 Warning Signs
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What is Liberty Kenya Holdings Cyclically Adjusted Book per Share?

Liberty Kenya Holdings NAI:LBTY +0.67% 69 Cyclically Adjusted Book per Share is KES18.14 as of Dec. 2025. GuruFocus rates NAI:LBTY with a GF Score™ of 69/100 and a GF Value™ of KES8.56 (Fairly Valued). The stock has 4 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.

Liberty Kenya Holdings's adjusted book value per share data for the fiscal year that ended in Dec. 2025 was KES18.816. 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 KES18.14 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Liberty Kenya Holdings's average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.70% 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 Liberty Kenya Holdings was 9.60% per year. The lowest was 5.60% per year. And the median was 7.30% per year.

As of today (2026-07-08), Liberty Kenya Holdings's current stock price is KES 9.08. Liberty Kenya Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2025 was KES18.14. Liberty Kenya Holdings's Cyclically Adjusted PB Ratio of today is 0.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Liberty Kenya Holdings was 0.78. The lowest was 0.23. And the median was 0.45.


Liberty Kenya Holdings  (NAI:LBTY) 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.

Liberty Kenya Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.08/18.14
=0.50

* 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 Liberty Kenya Holdings was 0.78. The lowest was 0.23. And the median was 0.45.


Be Aware

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


Liberty Kenya Holdings Cyclically Adjusted Book per Share Related Terms


Liberty Kenya Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Liberty Kenya Holdings'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.

Liberty Kenya Holdings Cyclically Adjusted Book per Share Chart

Liberty Kenya Holdings 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 13.99 15.42 16.36 17.30 18.14

Liberty Kenya Holdings Semi-Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.99 15.42 16.36 17.30 18.14

NAI:LBTY vs BRK.A, AIG, HIG: Cyclically Adjusted Book per Share Comparison

For the Insurance - Diversified subindustry, Liberty Kenya Holdings'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.


Liberty Kenya Holdings Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Liberty Kenya Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NAI:LBTY
69GF Score
Liberty Kenya Holdings Ltd NAI:LBTY
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liberty Kenya Holdings 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, Liberty Kenya Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_Book=Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=18.816/324.0540*324.0540
=18.816

Current CPI (Dec. 2025) = 324.0540.

Liberty Kenya Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 12.194 241.432 16.367
201712 13.444 246.524 17.672
201812 13.698 251.233 17.668
201912 14.406 256.974 18.167
202012 15.690 260.474 19.520
202112 15.427 278.802 17.931
202212 15.915 296.797 17.377
202312 17.153 306.746 18.121
202412 19.234 315.605 19.749
202512 18.816 324.054 18.816

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 KES18.14 mean?
Liberty Kenya Holdings (NAI:LBTY) has a Cyclically Adjusted Book per Share of KES18.14 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 Liberty Kenya Holdings and its competitors.
Is Liberty Kenya Holdings' Cyclically Adjusted Book per Share too high?
Liberty Kenya Holdings' current Cyclically Adjusted Book per Share is KES18.14. Overall, Liberty Kenya Holdings has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Liberty Kenya Holdings' Cyclically Adjusted Book per Share compare to BRK.A and AIG?
Liberty Kenya Holdings' Cyclically Adjusted Book per Share of KES18.14 can be compared against companies in the Insurance 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 Insurance company?
A good Cyclically Adjusted Book per Share depends on the Insurance 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 Liberty Kenya Holdings and its competitors. Liberty Kenya Holdings's current Cyclically Adjusted Book per Share is KES18.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty Kenya Holdings stock overvalued right now?
Based on GuruFocus' analysis, Liberty Kenya Holdings (NAI:LBTY) is currently considered Fairly Valued. The stock's GF Value™ is KES8.56, compared to a current price of KES9.08 — trading 6.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is KES18.14. Liberty Kenya Holdings' overall GF Score™ is 69/100 with 4 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 Liberty Kenya Holdings (NAI:LBTY), the current Cyclically Adjusted Book per Share is KES18.14 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 Liberty Kenya Holdings (NAI:LBTY) Overvalued in 2026?

Based on GuruFocus' analysis, Liberty Kenya Holdings stock appears to be overvalued. The current stock price of KES9.08 is trading 6.1% above its estimated GF Value™ of KES8.56. GuruFocus considers Liberty Kenya Holdings to be Fairly Valued.

Key valuation signals for NAI:LBTY:

  • Cyclically Adjusted Book per Share: KES18.14
  • GF Value™: KES8.56 vs. price of KES9.08 (6.1% above fair value)
  • GF Score™: 69/100 with 4 warning signs

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


Liberty Kenya Holdings Business Description

Address Mamlaka Road, Processional Way, P. O. Box 43963, Liberty House, Nairobi, KEN, 00100
Liberty Kenya Holdings Ltd is an insurance company. It offers long-term insurance products, financial products, and services to the retail and corporate markets. Its products include life insurance, health insurance, and short-term insurance. The group is organized into segments are Long-term business, General businesses, and Holding company. The company generates maximum of its revenue from General business segment.
69GF Score

Get the complete analysis for NAI:LBTY

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

KES9.08
Price
KES8.56
GF Value