Kaneka (FRA:KKA) Cyclically Adjusted PB Ratio: 0.96 (As of Aug. 18, 2026) — 26% Above Median

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FRA:KKA Kaneka Corp FRA:KKA
79 GF Score
Price €33.60
GF Value €23.91
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Kaneka Cyclically Adjusted PB Ratio?

Kaneka FRA:KKA -1.75% 79 Cyclically Adjusted PB Ratio is 0.96 as of Aug. 18, 2026, which is 26% above its 10-year median of 0.76. GuruFocus rates FRA:KKA with a GF Score™ of 79/100 and a GF Value™ of €23.91 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,203 Chemicals companies, Kaneka ranks better than 70.41% on this metric.

As of today (2026-08-18), Kaneka's current share price is €33.60. Kaneka's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €35.02. Kaneka's Cyclically Adjusted PB Ratio for today is 0.96.

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

FRA:KKA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.76   Max: 1.39
Current: 0.99

During the past years, Kaneka's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.50. And the median was 0.76.

FRA:KKA's Cyclically Adjusted PB Ratio is ranked better than
70.41% of 1203 companies
in the Chemicals industry
Industry Median: 1.68 vs FRA:KKA: 0.99

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.

Kaneka's adjusted book value per share data for the three months ended in Mar. 2026 was €45.204. 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 €35.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kaneka  (FRA:KKA) 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.


Kaneka Cyclically Adjusted PB Ratio Related Terms


Kaneka Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kaneka'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.

Kaneka Cyclically Adjusted PB Ratio Chart

Kaneka 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 0.73 0.66 0.68 0.63 0.75

Kaneka 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 0.65 0.68 0.69 0.75 0.00

FRA:KKA vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Kaneka'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.


Kaneka Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kaneka's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:KKA
79GF Score
Kaneka Corp FRA:KKA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kaneka 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.60/35.02
=0.96

* 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.

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

For example, Kaneka'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)
=45.204/112.7000*112.7000
=45.204

Current CPI (Mar. 2026) = 112.7000.

Kaneka Quarterly Data

Book Value per Share CPI Adj_Book
201606 36.562 98.100 42.003
201609 38.218 98.000 43.951
201612 37.088 98.400 42.478
201703 38.299 98.100 43.999
201706 37.892 98.500 43.355
201709 36.845 98.800 42.029
201712 37.251 99.400 42.235
201803 38.094 99.200 43.278
201806 39.246 99.200 44.587
201809 39.497 99.900 44.558
201812 39.675 99.700 44.848
201903 41.194 99.700 46.565
201906 42.052 99.800 47.488
201909 43.377 100.100 48.837
201912 42.798 100.500 47.993
202003 42.779 100.300 48.068
202006 41.990 99.900 47.370
202009 41.273 99.900 46.561
202012 41.392 99.300 46.978
202103 42.362 99.900 47.790
202106 41.868 99.500 47.422
202109 44.114 100.100 49.667
202112 45.022 100.100 50.689
202203 45.514 101.100 50.736
202206 43.391 101.800 48.037
202209 43.771 103.100 47.847
202212 43.503 104.100 47.097
202303 45.009 104.400 48.587
202306 43.323 105.200 46.412
202309 42.730 106.200 45.345
202312 42.760 106.800 45.122
202403 43.470 107.200 45.700
202406 43.082 108.200 44.874
202409 45.538 108.900 47.127
202412 45.801 110.700 46.628
202503 46.536 111.100 47.206
202506 45.052 111.700 45.455
202509 44.524 112.000 44.802
202512 43.457 113.000 43.342
202603 45.204 112.700 45.204

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 0.96 mean?
Kaneka (FRA:KKA) has a Cyclically Adjusted PB Ratio of 0.96 as of Aug. 18, 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 Kaneka and its competitors. This is 26% above median its historical median of 0.76. Over the past decade, Kaneka's Cyclically Adjusted PB Ratio has ranged from 0.50 to 1.39. According to the industry distribution chart, Kaneka ranks #356 out of 1203 companies in the Chemicals industry, placing it in the top 29.6%.
Is Kaneka's Cyclically Adjusted PB Ratio too high?
Kaneka's current Cyclically Adjusted PB Ratio of 0.96 is 26% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.39. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.68. Kaneka's value of 0.96 is 42.9% below this industry median. Based on the distribution chart, Kaneka ranks #356 out of 1203 companies in the Chemicals industry, which is above the industry midpoint. Overall, Kaneka has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kaneka's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Kaneka ranks #356 out of 1203 companies for Cyclically Adjusted PB Ratio. This puts Kaneka in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.68. Kaneka's value of 0.96 is 42.9% below this benchmark. Historically, Kaneka's own Cyclically Adjusted PB Ratio has ranged from 0.50 to 1.39 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.68, Kaneka 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 a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.68, based on 1,203 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. Kaneka's current Cyclically Adjusted PB Ratio of 0.96 is 42.9% 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 Kaneka and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaneka's current Cyclically Adjusted PB Ratio is 0.96, which is 26% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaneka stock overvalued right now?
Based on GuruFocus' analysis, Kaneka (FRA:KKA) is currently considered Significantly Overvalued. The stock's GF Value™ is €23.91, compared to a current price of €33.60 — trading 40.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.96, which is 26% above median its 10-year median of 0.76 and 42.9% below the Chemicals industry median of 1.68. Kaneka's overall GF Score™ is 79/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Kaneka (FRA:KKA), the current Cyclically Adjusted PB Ratio is 0.96 as of Aug. 18, 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 Kaneka (FRA:KKA) Overvalued in 2026?

Based on GuruFocus' analysis, Kaneka stock appears to be overvalued. The current stock price of €33.60 is trading 40.5% above its estimated GF Value™ of €23.91. GuruFocus considers Kaneka to be Significantly Overvalued.

Key valuation signals for FRA:KKA:

  • Cyclically Adjusted PB Ratio: 0.96 (26% above median its 10-year median of 0.76)
  • GF Value™: €23.91 vs. price of €33.60 (40.5% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 42.9% below the Chemicals median (#356 of 1203)

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


Kaneka Business Description

Other Exchanges 4118:Japan
Address 3-2-4, Nakanoshima, Kita-ku, Osaka, JPN, 530-8288
Kaneka Corp manufactures and sells a variety of chemicals, plastics, and chemical-based products. The company organizes itself into seven segments based on product type. The foodstuffs segment, which generates more revenue than any other segment, sells margarine, shortening, bakery yeast and spices. The chemicals segment sells polyvinyl chloride used in pipes and flooring. The functional and expandable products segments sell polystyrene- and silicone-based products. The life science products segment sells medical devices, which include balloon catheters for vessel stenosis, and pharmaceutical ingredients. The electronic products segment sells heat resistant films and optical materials. The synthetic fibers segment sells fibers used to make apparel. The majority of revenue comes from Japan.
79GF Score

Get the complete analysis for FRA:KKA

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

€33.60
Price
€23.91
GF Value