Konica Minolta (FRA:KPI1) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:KPI1 Konica Minolta Inc FRA:KPI1
56 GF Score
Price €3.56
GF Value €2.72
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Konica Minolta Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Konica Minolta  (FRA:KPI1) 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.


Konica Minolta Cyclically Adjusted PB Ratio Related Terms


Konica Minolta Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Konica Minolta'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.

Konica Minolta Cyclically Adjusted PB Ratio Chart

Konica Minolta 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 0.49 0.52 0.44 0.43 0.44

Konica Minolta 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 0.40 0.45 0.58 0.44 0.47

Konica Minolta Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Konica Minolta'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.


Konica Minolta Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:KPI1
56GF Score
Konica Minolta Inc FRA:KPI1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Konica Minolta 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.

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

For example, Konica Minolta'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)
=5.993/113.6000*113.6000
=5.993

Current CPI (Jun. 2026) = 113.6000.

Konica Minolta Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.563 98.000 9.926
201612 8.598 98.400 9.926
201703 8.760 98.100 10.144
201706 8.509 98.500 9.813
201709 8.300 98.800 9.543
201712 7.969 99.400 9.107
201803 8.112 99.200 9.290
201806 8.388 99.200 9.606
201809 8.578 99.900 9.754
201812 8.655 99.700 9.862
201903 8.945 99.700 10.192
201906 8.831 99.800 10.052
201909 8.993 100.100 10.206
201912 8.892 100.500 10.051
202003 8.895 100.300 10.074
202006 8.359 99.900 9.505
202009 8.024 99.900 9.124
202012 7.865 99.300 8.998
202103 8.454 99.900 9.613
202106 8.190 99.500 9.351
202109 8.043 100.100 9.128
202112 7.986 100.100 9.063
202203 8.528 101.100 9.582
202206 8.153 101.800 9.098
202209 8.460 103.100 9.322
202212 8.003 104.100 8.733
202303 6.896 104.400 7.504
202306 6.699 105.200 7.234
202309 6.675 106.200 7.140
202312 6.539 106.800 6.955
202403 6.704 107.200 7.104
202406 6.644 108.200 6.976
202409 6.471 108.900 6.750
202412 6.717 110.700 6.893
202503 5.808 111.100 5.939
202506 5.671 111.700 5.767
202509 5.780 112.000 5.863
202512 5.760 113.000 5.791
202603 5.918 112.700 5.965
202606 5.993 113.600 5.993

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 Konica Minolta (FRA:KPI1) Overvalued in 2026?

Based on GuruFocus' analysis, Konica Minolta stock appears to be overvalued. The current stock price of €3.56 is trading 30.8% above its estimated GF Value™ of €2.72. GuruFocus considers Konica Minolta to be Significantly Overvalued.

Key valuation signals for FRA:KPI1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.72 vs. price of €3.56 (30.8% above fair value)
  • GF Score™: 56/100 with 4 warning signs

No single metric tells the full story. See the FRA:KPI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Konica Minolta Business Description

Address 2-7-2 Marunouchi, JP Tower, Chiyoda-ku, Tokyo, JPN, 100-7015
Konica Minolta Inc is a Japanese equipment and material manufacturer. The company operates through four segments. The Digital Workplace business covers the development, manufacture, and sale of multifunction printers, related consumables, and IT services and solutions. The Image Solutions business includes medical diagnostic imaging systems, network cameras, and video-related equipment, along with related services and solutions. The Industry business encompasses measuring instruments, functional films for displays, industrial inkjet heads, and professional lenses. The Professional Print business involves digital printing systems and consumables for commercial and industrial markets, as well as printing services and solutions. It generates the majority of revenue Digital workplace segment.
56GF Score

Get the complete analysis for FRA:KPI1

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

€3.56
Price
€2.72
GF Value