Kadant (FRA:KDA) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:KDA Kadant Inc FRA:KDA
87 GF Score
Price €290.00
GF Value €296.66
Valuation Fairly Valued
! 6 Warning Signs
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What is Kadant Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kadant  (FRA:KDA) 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.


Kadant Cyclically Adjusted PB Ratio Related Terms


Kadant Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kadant'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.

Kadant Cyclically Adjusted PB Ratio Chart

Kadant Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.85 4.62 6.53 7.20 5.29

Kadant 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 6.20 5.64 5.29 5.21 0.00

FRA:KDA vs SXI, MWA, MIR: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Kadant'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.


Kadant Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:KDA
87GF Score
Kadant Inc FRA:KDA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kadant 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.

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

For example, Kadant'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)
=75.92/333.9520*333.9520
=75.920

Current CPI (Jun. 2026) = 333.9520.

Kadant Quarterly Data

Book Value per Share CPI Adj_Book
201609 23.472 241.428 32.467
201612 24.496 241.432 33.883
201703 24.943 243.801 34.166
201706 25.017 244.955 34.106
201709 25.119 246.819 33.987
201712 25.403 246.524 34.412
201803 25.121 249.554 33.617
201806 26.224 251.989 34.754
201809 27.543 252.439 36.437
201812 29.508 251.233 39.224
201903 30.117 254.202 39.566
201906 31.351 256.143 40.875
201909 32.624 256.759 42.432
201912 33.581 256.974 43.640
202003 33.357 258.115 43.158
202006 33.886 257.797 43.896
202009 34.000 260.280 43.624
202012 35.279 260.474 45.231
202103 36.463 264.877 45.972
202106 37.933 271.696 46.625
202109 39.755 274.310 48.399
202112 42.947 278.802 51.442
202203 46.561 287.504 54.083
202206 49.008 296.311 55.234
202209 52.652 296.808 59.241
202212 52.872 296.797 59.491
202303 54.459 301.836 60.254
202306 56.051 305.109 61.350
202309 58.560 307.789 63.538
202312 60.598 306.746 65.973
202403 61.319 312.332 65.564
202406 63.888 314.175 67.910
202409 65.339 315.301 69.204
202412 68.875 315.605 72.879
202503 68.806 319.799 71.851
202506 68.172 322.561 70.579
202509 68.710 324.800 70.646
202512 70.978 324.054 73.146
202603 73.706 330.213 74.541
202606 75.920 333.952 75.920

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.

Is Kadant (FRA:KDA) Overvalued in 2026?

Based on GuruFocus' analysis, Kadant stock appears to be undervalued. The current stock price of €290.00 is trading 2.2% below its estimated GF Value™ of €296.66. GuruFocus considers Kadant to be Fairly Valued.

Key valuation signals for FRA:KDA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €296.66 vs. price of €290.00 (2.2% below fair value)
  • GF Score™: 87/100 with 6 warning signs

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


Kadant Business Description

Other Exchanges KAI:USAKDA:Germany
Address One Technology Park Drive, Westford, MA, USA, 01886
Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, & filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence in the U.S., China, Asia, Germany, Canada, and Others.
87GF Score

Get the complete analysis for FRA:KDA

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

€290.00
Price
€296.66
GF Value