Kanadevia (FRA:HZS) Cyclically Adjusted PB Ratio: 1.44 (As of Aug. 14, 2026) — 25% Above Median

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FRA:HZS Kanadevia Corp FRA:HZS
80 GF Score
Price €6.64
GF Value €5.98
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Kanadevia Cyclically Adjusted PB Ratio?

Kanadevia FRA:HZS +1.69% 80 Cyclically Adjusted PB Ratio is 1.44 as of Aug. 14, 2026, which is 25% above its 10-year median of 1.15. GuruFocus rates FRA:HZS with a GF Score™ of 80/100 and a GF Value™ of €5.98 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,219 Industrial Products companies, Kanadevia ranks better than 64.44% on this metric.

As of today (2026-08-14), Kanadevia's current share price is €6.635. Kanadevia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.61. Kanadevia's Cyclically Adjusted PB Ratio for today is 1.44.

The historical rank and industry rank for Kanadevia's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:HZS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.15   Max: 1.82
Current: 1.44

During the past years, Kanadevia's highest Cyclically Adjusted PB Ratio was 1.82. The lowest was 0.48. And the median was 1.15.

FRA:HZS's Cyclically Adjusted PB Ratio is ranked better than
64.44% of 2219 companies
in the Industrial Products industry
Industry Median: 2.17 vs FRA:HZS: 1.44

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.

Kanadevia's adjusted book value per share data for the three months ended in Mar. 2026 was €6.377. 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 €4.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kanadevia  (FRA:HZS) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Kanadevia Cyclically Adjusted PB Ratio Related Terms


Kanadevia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kanadevia's Cyclically Adjusted PB Ratio 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.

Kanadevia Cyclically Adjusted PB Ratio Chart

Kanadevia Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 1.23 1.80 1.15 1.19

Kanadevia Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 1.20 1.25 1.14 1.19 0.00

FRA:HZS vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Kanadevia'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.


Kanadevia Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kanadevia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:HZS
80GF Score
Kanadevia Corp FRA:HZS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kanadevia Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Kanadevia's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.635/4.61
=1.44

* 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.

Kanadevia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.377/112.7000*112.7000
=6.377

Current CPI (Mar. 2026) = 112.7000.

Kanadevia Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.463 98.100 6.276
201609 5.631 98.000 6.476
201612 5.209 98.400 5.966
201703 5.679 98.100 6.524
201706 5.195 98.500 5.944
201709 4.902 98.800 5.592
201712 4.696 99.400 5.324
201803 5.304 99.200 6.026
201806 5.045 99.200 5.732
201809 4.865 99.900 5.488
201812 4.844 99.700 5.476
201903 5.645 99.700 6.381
201906 5.376 99.800 6.071
201909 5.296 100.100 5.963
201912 4.952 100.500 5.553
202003 5.885 100.300 6.613
202006 5.543 99.900 6.253
202009 5.473 99.900 6.174
202012 5.544 99.300 6.292
202103 5.792 99.900 6.534
202106 5.401 99.500 6.118
202109 5.519 100.100 6.214
202112 5.638 100.100 6.348
202203 5.966 101.100 6.651
202206 5.205 101.800 5.762
202209 5.152 103.100 5.632
202212 5.306 104.100 5.744
202303 5.789 104.400 6.249
202306 5.220 105.200 5.592
202309 5.181 106.200 5.498
202312 5.399 106.800 5.697
202403 5.927 107.200 6.231
202406 5.629 108.200 5.863
202409 6.026 108.900 6.236
202412 6.140 110.700 6.251
202503 6.987 111.100 7.088
202506 6.465 111.700 6.523
202509 6.093 112.000 6.131
202512 5.751 113.000 5.736
202603 6.377 112.700 6.377

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

What does a Cyclically Adjusted PB Ratio of 1.44 mean?
Kanadevia (FRA:HZS) has a Cyclically Adjusted PB Ratio of 1.44 as of Aug. 14, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kanadevia and its competitors. This is 25% above median its historical median of 1.15. Over the past decade, Kanadevia's Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.82. According to the industry distribution chart, Kanadevia ranks #789 out of 2219 companies in the Industrial Products industry, placing it in the top 35.6%.
Is Kanadevia's Cyclically Adjusted PB Ratio too high?
Kanadevia's current Cyclically Adjusted PB Ratio of 1.44 is 25% above median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.82. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Kanadevia's value of 1.44 is 33.6% below this industry median. Based on the distribution chart, Kanadevia ranks #789 out of 2219 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kanadevia has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kanadevia's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Kanadevia ranks #789 out of 2219 companies for Cyclically Adjusted PB Ratio. This puts Kanadevia in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.17. Kanadevia's value of 1.44 is 33.6% below this benchmark. Historically, Kanadevia's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.82 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 2.17, Kanadevia has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.17, based on 2,219 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kanadevia's current Cyclically Adjusted PB Ratio of 1.44 is 33.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kanadevia and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanadevia's current Cyclically Adjusted PB Ratio is 1.44, which is 25% above median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanadevia stock overvalued right now?
Based on GuruFocus' analysis, Kanadevia (FRA:HZS) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.98, compared to a current price of €6.64 — trading 11% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.44, which is 25% above median its 10-year median of 1.15 and 33.6% below the Industrial Products industry median of 2.17. Kanadevia's overall GF Score™ is 80/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Kanadevia (FRA:HZS), the current Cyclically Adjusted PB Ratio is 1.44 as of Aug. 14, 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 Kanadevia (FRA:HZS) Overvalued in 2026?

Based on GuruFocus' analysis, Kanadevia stock appears to be overvalued. The current stock price of €6.64 is trading 11% above its estimated GF Value™ of €5.98. GuruFocus considers Kanadevia to be Modestly Overvalued.

Key valuation signals for FRA:HZS:

  • Cyclically Adjusted PB Ratio: 1.44 (25% above median its 10-year median of 1.15)
  • GF Value™: €5.98 vs. price of €6.64 (11% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 33.6% below the Industrial Products median (#789 of 2219)

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


Kanadevia Business Description

Other Exchanges 7004:JapanHZS:Germany
Address 7-89, Nanko-kita 1-chome, Suminoe-ku, Osaka, JPN, 559-8559
Kanadevia Corp is engaged in designing, constructing, and manufacturing Waste Energy plants, desalination plants, water and sewage treatment plants, marine diesel engines, press machines, process equipment, precision machinery, bridges, hydraulic gates, and equipment for use in disaster prevention/mitigation.
80GF Score

Get the complete analysis for FRA:HZS

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

€6.64
Price
€5.98
GF Value