Kawasaki Kisen Kaisha (FRA:KLI1) Cyclically Adjusted PB Ratio: 2.52 (As of Aug. 15, 2026) — 67% Above Median

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:KLI1 Kawasaki Kisen Kaisha Ltd FRA:KLI1
72 GF Score
Price €16.18
GF Value €12.53
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Kawasaki Kisen Kaisha Cyclically Adjusted PB Ratio?

Kawasaki Kisen Kaisha FRA:KLI1 +3.68% 72 Cyclically Adjusted PB Ratio is 2.52 as of Aug. 15, 2026, which is 67% above its 10-year median of 1.51. GuruFocus rates FRA:KLI1 with a GF Score™ of 72/100 and a GF Value™ of €12.53 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 727 Transportation companies, Kawasaki Kisen Kaisha ranks worse than 76.2% on this metric.

As of today (2026-08-15), Kawasaki Kisen Kaisha's current share price is €16.18. Kawasaki Kisen Kaisha's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €6.43. Kawasaki Kisen Kaisha's Cyclically Adjusted PB Ratio for today is 2.52.

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

FRA:KLI1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 1.51   Max: 3.89
Current: 2.61

During the past years, Kawasaki Kisen Kaisha's highest Cyclically Adjusted PB Ratio was 3.89. The lowest was 0.22. And the median was 1.51.

FRA:KLI1's Cyclically Adjusted PB Ratio is ranked worse than
76.2% of 727 companies
in the Transportation industry
Industry Median: 1.29 vs FRA:KLI1: 2.61

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.

Kawasaki Kisen Kaisha's adjusted book value per share data for the three months ended in Mar. 2026 was €15.546. 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 €6.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kawasaki Kisen Kaisha  (FRA:KLI1) 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.


Kawasaki Kisen Kaisha Cyclically Adjusted PB Ratio Related Terms


Kawasaki Kisen Kaisha Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kawasaki Kisen Kaisha'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.

Kawasaki Kisen Kaisha Cyclically Adjusted PB Ratio Chart

Kawasaki Kisen Kaisha 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 2.39 1.91 2.84 2.17 2.27

Kawasaki Kisen Kaisha 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 2.07 2.02 1.97 2.27 0.00

Kawasaki Kisen Kaisha Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Kawasaki Kisen Kaisha'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.


Kawasaki Kisen Kaisha Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


FRA:KLI1
72GF Score
Kawasaki Kisen Kaisha Ltd FRA:KLI1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kawasaki Kisen Kaisha 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.

Kawasaki Kisen Kaisha's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.18/6.43
=2.52

* 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.

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

For example, Kawasaki Kisen Kaisha'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)
=15.546/112.7000*112.7000
=15.546

Current CPI (Mar. 2026) = 112.7000.

Kawasaki Kisen Kaisha Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.082 98.100 3.541
201609 2.937 98.000 3.378
201612 3.004 98.400 3.441
201703 2.155 98.100 2.476
201706 2.165 98.500 2.477
201709 2.083 98.800 2.376
201712 2.064 99.400 2.340
201803 1.977 99.200 2.246
201806 1.895 99.200 2.153
201809 1.891 99.900 2.133
201812 1.745 99.700 1.973
201903 0.982 99.700 1.110
201906 1.091 99.800 1.232
201909 1.162 100.100 1.308
201912 1.271 100.500 1.425
202003 1.012 100.300 1.137
202006 0.985 99.900 1.111
202009 1.022 99.900 1.153
202012 1.531 99.300 1.738
202103 2.009 99.900 2.266
202106 2.885 99.500 3.268
202109 4.315 100.100 4.858
202112 6.070 100.100 6.834
202203 8.070 101.100 8.996
202206 9.906 101.800 10.967
202209 12.717 103.100 13.901
202212 13.517 104.100 14.634
202303 14.274 104.400 15.409
202306 13.820 105.200 14.805
202309 14.029 106.200 14.888
202312 13.590 106.800 14.341
202403 13.828 107.200 14.537
202406 14.226 108.200 14.818
202409 14.923 108.900 15.444
202412 16.551 110.700 16.850
202503 16.195 111.100 16.428
202506 15.347 111.700 15.484
202509 15.350 112.000 15.446
202512 15.076 113.000 15.036
202603 15.546 112.700 15.546

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 2.52 mean?
Kawasaki Kisen Kaisha (FRA:KLI1) has a Cyclically Adjusted PB Ratio of 2.52 as of Aug. 15, 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 Kawasaki Kisen Kaisha and its competitors. This is 67% above median its historical median of 1.51. Over the past decade, Kawasaki Kisen Kaisha's Cyclically Adjusted PB Ratio has ranged from 0.22 to 3.89. According to the industry distribution chart, Kawasaki Kisen Kaisha ranks #554 out of 727 companies in the Transportation industry, placing it in the top 76.2%.
Is Kawasaki Kisen Kaisha's Cyclically Adjusted PB Ratio too high?
Kawasaki Kisen Kaisha's current Cyclically Adjusted PB Ratio of 2.52 is 67% above median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 3.89. The Transportation industry median Cyclically Adjusted PB Ratio is 1.29. Kawasaki Kisen Kaisha's value of 2.52 is 95.3% above this industry median. Based on the distribution chart, Kawasaki Kisen Kaisha ranks #554 out of 727 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Kawasaki Kisen Kaisha has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawasaki Kisen Kaisha's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Kawasaki Kisen Kaisha ranks #554 out of 727 companies for Cyclically Adjusted PB Ratio. This places Kawasaki Kisen Kaisha in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Kawasaki Kisen Kaisha's value of 2.52 is 95.3% above this benchmark. Historically, Kawasaki Kisen Kaisha's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 3.89 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 1.29, Kawasaki Kisen Kaisha has consistently been above 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.29, based on 727 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. Kawasaki Kisen Kaisha's current Cyclically Adjusted PB Ratio of 2.52 is 95.3% above 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 Kawasaki Kisen Kaisha and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kawasaki Kisen Kaisha's current Cyclically Adjusted PB Ratio is 2.52, which is 67% above median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawasaki Kisen Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Kawasaki Kisen Kaisha (FRA:KLI1) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.53, compared to a current price of €16.18 — trading 29.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.52, which is 67% above median its 10-year median of 1.51 and 95.3% above the Transportation industry median of 1.29. Kawasaki Kisen Kaisha's overall GF Score™ is 72/100 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 Kawasaki Kisen Kaisha (FRA:KLI1), the current Cyclically Adjusted PB Ratio is 2.52 as of Aug. 15, 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 Kawasaki Kisen Kaisha (FRA:KLI1) Overvalued in 2026?

Based on GuruFocus' analysis, Kawasaki Kisen Kaisha stock appears to be overvalued. The current stock price of €16.18 is trading 29.1% above its estimated GF Value™ of €12.53. GuruFocus considers Kawasaki Kisen Kaisha to be Modestly Overvalued.

Key valuation signals for FRA:KLI1:

  • Cyclically Adjusted PB Ratio: 2.52 (67% above median its 10-year median of 1.51)
  • GF Value™: €12.53 vs. price of €16.18 (29.1% above fair value)
  • GF Score™: 72/100 with 8 warning signs
  • Industry Position: 95.3% above the Transportation median (#554 of 727)

No single metric tells the full story. See the FRA:KLI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kawasaki Kisen Kaisha Business Description

Other Exchanges KAIKY:USA9107:Japan
Address 8 Kaigan-dori, Shinko Building, Chuo-ku, Kobe, JPN, 650-0024
Kawasaki Kisen Kaisha Ltd is a Japan-based company engaged in the logistics business. The company operates its business through three segments. The Dry Bulk segment covers bulk cargo shipping. The Energy Resources segment includes liquefied natural gas transportation, oil tankers, offshore operations, and electric power businesses. The Product Logistics segment handles car carrier services, logistics, coastal and domestic shipping, and containership operations. The Others segment consists of ship management, travel agency, and real estate leasing and management businesses not included in the main reporting segments. It generates the majority of its revenue from the Product logistics segment.
72GF Score

Get the complete analysis for FRA:KLI1

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

€16.18
Price
€12.53
GF Value