Knafaim Holdings (XTAE:KNFM) Cyclically Adjusted Book per Share: ₪44.42 (As of Jun. 2026)

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XTAE:KNFM Knafaim Holdings Ltd XTAE:KNFM
71 GF Score
Price ₪18.20
GF Value ₪19.83
Valuation Fairly Valued
! 5 Warning Signs
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What is Knafaim Holdings Cyclically Adjusted Book per Share?

Knafaim Holdings XTAE:KNFM 71 Cyclically Adjusted Book per Share is ₪44.42 as of Jun. 2026. GuruFocus rates XTAE:KNFM with a GF Score™ of 71/100 and a GF Value™ of ₪19.83 (Fairly Valued). The stock has 5 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.

Knafaim Holdings's adjusted book value per share for the three months ended in Jun. 2026 was ₪18.770. 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 ₪44.42 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Knafaim Holdings's average Cyclically Adjusted Book Growth Rate was 0.70% 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.

As of today (2026-09-16), Knafaim Holdings's current stock price is ₪18.20. Knafaim Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₪44.42. Knafaim Holdings's Cyclically Adjusted PB Ratio of today is 0.41.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Knafaim Holdings was 1.09. The lowest was 0.63. And the median was 0.84.


Knafaim Holdings  (XTAE:KNFM) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.20/44.424
=0.41

* 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 Knafaim Holdings was 1.09. The lowest was 0.63. And the median was 0.84.


Be Aware

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


Knafaim Holdings Cyclically Adjusted Book per Share Related Terms


Knafaim Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Knafaim 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.

Knafaim Holdings Cyclically Adjusted Book per Share Chart

Knafaim 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 53.49 53.58 51.69 51.31 47.76

Knafaim Holdings 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 48.05 47.11 45.80 45.61 44.42

XTAE:KNFM vs DAL, UAL, LUV: Cyclically Adjusted Book per Share Comparison

For the Airlines subindustry, Knafaim 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.


Knafaim Holdings Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Knafaim Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XTAE:KNFM
71GF Score
Knafaim Holdings Ltd XTAE:KNFM
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Knafaim 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, Knafaim Holdings'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)
=18.77/333.9520*333.9520
=18.770

Current CPI (Jun. 2026) = 333.9520.

Knafaim Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 73.923 241.428 102.253
201612 77.814 241.432 107.633
201703 64.107 243.801 87.812
201706 62.847 244.955 85.681
201709 81.971 246.819 110.909
201712 73.538 246.524 99.618
201803 73.906 249.554 98.901
201806 77.104 251.989 102.183
201809 87.744 252.439 116.077
201812 71.200 251.233 94.643
201903 61.683 254.202 81.035
201906 58.593 256.143 76.392
201909 56.073 256.759 72.931
201912 52.434 256.974 68.141
202003 -3.174 258.115 -4.107
202006 -15.306 257.797 -19.827
202009 21.369 260.280 27.417
202012 20.894 260.474 26.788
202103 18.966 264.877 23.912
202106 17.881 271.696 21.978
202109 16.507 274.310 20.096
202112 11.671 278.802 13.980
202203 12.657 287.504 14.702
202206 14.202 296.311 16.006
202209 14.804 296.808 16.657
202212 13.897 296.797 15.637
202303 14.684 301.836 16.246
202306 19.091 305.109 20.896
202309 17.845 307.789 19.362
202312 16.620 306.746 18.094
202403 19.129 312.332 20.453
202406 18.650 314.175 19.824
202409 21.039 315.301 22.284
202412 21.616 315.605 22.873
202503 22.662 319.799 23.665
202506 23.002 322.561 23.814
202509 23.611 324.800 24.276
202512 24.052 324.054 24.787
202603 23.881 330.213 24.151
202606 18.770 333.952 18.770

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 ₪44.42 mean?
Knafaim Holdings (XTAE:KNFM) has a Cyclically Adjusted Book per Share of ₪44.42 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 Knafaim Holdings and its competitors.
Is Knafaim Holdings' Cyclically Adjusted Book per Share too high?
Knafaim Holdings' current Cyclically Adjusted Book per Share is ₪44.42. Overall, Knafaim Holdings has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Knafaim Holdings' Cyclically Adjusted Book per Share compare to DAL and UAL?
Knafaim Holdings' Cyclically Adjusted Book per Share of ₪44.42 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Book per Share depends on the Transportation 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 Knafaim Holdings and its competitors. Knafaim Holdings's current Cyclically Adjusted Book per Share is ₪44.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Knafaim Holdings stock overvalued right now?
Based on GuruFocus' analysis, Knafaim Holdings (XTAE:KNFM) is currently considered Fairly Valued. The stock's GF Value™ is ₪19.83, compared to a current price of ₪18.20 — trading 8.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₪44.42. Knafaim Holdings' overall GF Score™ is 71/100 with 5 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 Knafaim Holdings (XTAE:KNFM), the current Cyclically Adjusted Book per Share is ₪44.42 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 Knafaim Holdings (XTAE:KNFM) Overvalued in 2026?

Based on GuruFocus' analysis, Knafaim Holdings stock appears to be undervalued. The current stock price of ₪18.20 is trading 8.2% below its estimated GF Value™ of ₪19.83. GuruFocus considers Knafaim Holdings to be Fairly Valued.

Key valuation signals for XTAE:KNFM:

  • Cyclically Adjusted Book per Share: ₪44.42
  • GF Value™: ₪19.83 vs. price of ₪18.20 (8.2% below fair value)
  • GF Score™: 71/100 with 5 warning signs

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


Knafaim Holdings Business Description

Address Ayalon House, 12 Aba Hillel Street, Ramat Gan, ISR, 52008
Knafaim Holdings Ltd, through its subsidiaries, operates domestic flights and international charter flights. It also leases planes and provides maintenance services for airplanes and runways in Israel.
71GF Score

Get the complete analysis for XTAE:KNFM

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

₪18.20
Price
₪19.83
GF Value