Eastman Kodak Co (FRA:KODN) Cyclically Adjusted PB Ratio: 1.77 (As of Aug. 15, 2026) — Near Median

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FRA:KODN Eastman Kodak Co FRA:KODN
59 GF Score
Price €8.57
GF Value €5.10
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Eastman Kodak Co Cyclically Adjusted PB Ratio?

Eastman Kodak Co FRA:KODN -1.61% 59 Cyclically Adjusted PB Ratio is 1.77 as of Aug. 15, 2026, which is 5% above its 10-year median of 1.68. GuruFocus rates FRA:KODN with a GF Score™ of 59/100 and a GF Value™ of €5.10 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 716 Business Services companies, Eastman Kodak Co ranks worse than 56.56% on this metric.

As of today (2026-08-15), Eastman Kodak Co's current share price is €8.57. Eastman Kodak Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €4.84. Eastman Kodak Co's Cyclically Adjusted PB Ratio for today is 1.77.

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

FRA:KODN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.68   Max: 23.43
Current: 1.83

During the past years, Eastman Kodak Co's highest Cyclically Adjusted PB Ratio was 23.43. The lowest was 0.70. And the median was 1.68.

FRA:KODN's Cyclically Adjusted PB Ratio is ranked worse than
56.56% of 716 companies
in the Business Services industry
Industry Median: 1.53 vs FRA:KODN: 1.83

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.

Eastman Kodak Co's adjusted book value per share data for the three months ended in Jun. 2026 was €5.524. 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 €4.84 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eastman Kodak Co  (FRA:KODN) 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.


Eastman Kodak Co Cyclically Adjusted PB Ratio Related Terms


Eastman Kodak Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eastman Kodak Co'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.

Eastman Kodak Co Cyclically Adjusted PB Ratio Chart

Eastman Kodak Co 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 16.73 1.09 0.80 1.43 1.73

Eastman Kodak Co 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 1.34 1.73 1.74 1.69

FRA:KODN vs BKSY, TRNS, CASS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, Eastman Kodak Co'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.


Eastman Kodak Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Eastman Kodak Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:KODN
59GF Score
Eastman Kodak Co FRA:KODN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Eastman Kodak Co 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.

Eastman Kodak Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.57/4.84
=1.77

* 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.

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

For example, Eastman Kodak Co'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)
=5.524/333.9520*333.9520
=5.524

Current CPI (Jun. 2026) = 333.9520.

Eastman Kodak Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 -1.053 241.428 -1.457
201612 -1.632 241.432 -2.257
201703 -1.279 243.801 -1.752
201706 -1.236 244.955 -1.685
201709 -2.304 246.819 -3.117
201712 1.131 246.524 1.532
201803 0.609 249.554 0.815
201806 0.241 251.989 0.319
201809 0.361 252.439 0.478
201812 -0.062 251.233 -0.082
201903 -0.329 254.202 -0.432
201906 3.766 256.143 4.910
201909 3.603 256.759 4.686
201912 2.063 256.974 2.681
202003 -0.518 258.115 -0.670
202006 -0.610 257.797 -0.790
202009 0.967 260.280 1.241
202012 0.820 260.474 1.051
202103 1.113 264.877 1.403
202106 1.375 271.696 1.690
202109 1.557 274.310 1.896
202112 8.783 278.802 10.520
202203 8.999 287.504 10.453
202206 10.789 296.311 12.160
202209 11.505 296.808 12.945
202212 12.424 296.797 13.979
202303 12.579 301.836 13.917
202306 11.241 305.109 12.304
202309 11.303 307.789 12.264
202312 10.725 306.746 11.676
202403 10.950 312.332 11.708
202406 11.118 314.175 11.818
202409 11.005 315.301 11.656
202412 7.604 315.605 8.046
202503 6.445 319.799 6.730
202506 5.667 322.561 5.867
202509 6.735 324.800 6.925
202512 5.384 324.054 5.548
202603 5.318 330.213 5.378
202606 5.524 333.952 5.524

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 1.77 mean?
Eastman Kodak Co (FRA:KODN) has a Cyclically Adjusted PB Ratio of 1.77 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 Eastman Kodak Co and its competitors. This is near median its historical median of 1.68. Over the past decade, Eastman Kodak Co's Cyclically Adjusted PB Ratio has ranged from 0.70 to 23.43. According to the industry distribution chart, Eastman Kodak Co ranks #405 out of 716 companies in the Business Services industry, placing it in the top 56.6%.
Is Eastman Kodak Co's Cyclically Adjusted PB Ratio too high?
Eastman Kodak Co's current Cyclically Adjusted PB Ratio of 1.77 is near median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 23.43. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. Eastman Kodak Co's value of 1.77 is 15.7% above this industry median. Based on the distribution chart, Eastman Kodak Co ranks #405 out of 716 companies in the Business Services industry, which is below the industry midpoint. Overall, Eastman Kodak Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eastman Kodak Co's Cyclically Adjusted PB Ratio compare to BKSY and TRNS?
According to the Business Services industry distribution chart, Eastman Kodak Co ranks #405 out of 716 companies for Cyclically Adjusted PB Ratio. This places Eastman Kodak Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Eastman Kodak Co's value of 1.77 is 15.7% above this benchmark. Historically, Eastman Kodak Co's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 23.43 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 1.53, Eastman Kodak Co 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.53, based on 716 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. Eastman Kodak Co's current Cyclically Adjusted PB Ratio of 1.77 is 15.7% 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 Eastman Kodak Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eastman Kodak Co's current Cyclically Adjusted PB Ratio is 1.77, which is near median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastman Kodak Co stock overvalued right now?
Based on GuruFocus' analysis, Eastman Kodak Co (FRA:KODN) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.10, compared to a current price of €8.57 — trading 68% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.77, which is near median its 10-year median of 1.68 and 15.7% above the Business Services industry median of 1.53. Eastman Kodak Co's overall GF Score™ is 59/100 with 3 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 Eastman Kodak Co (FRA:KODN), the current Cyclically Adjusted PB Ratio is 1.77 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 Eastman Kodak Co (FRA:KODN) Overvalued in 2026?

Based on GuruFocus' analysis, Eastman Kodak Co stock appears to be overvalued. The current stock price of €8.57 is trading 68% above its estimated GF Value™ of €5.10. GuruFocus considers Eastman Kodak Co to be Significantly Overvalued.

Key valuation signals for FRA:KODN:

  • Cyclically Adjusted PB Ratio: 1.77 (near median its 10-year median of 1.68)
  • GF Value™: €5.10 vs. price of €8.57 (68% above fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 15.7% above the Business Services median (#405 of 716)

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


Eastman Kodak Co Business Description

Other Exchanges KODK:USA0IF4:UK
Address 343 State Street, Rochester, NY, USA, 14650
Eastman Kodak Co is a United States-based company. It operates through several business segments; Print, Brand, and Advanced Materials and Chemicals. The Print segment which derives the majority of revenue includes products like digital offset plate offerings and computer-to-plate imaging solutions, high-quality digital printing solutions using electrically charged toner-based technology, production press systems, consumables, inkjet components, software and services. Geographically, the company generates revenue from the United States, Canada, Europe, Middle East and Africa, Asia Pacific, and Latin America.
59GF Score

Get the complete analysis for FRA:KODN

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

€8.57
Price
€5.10
GF Value