Kumagai Gumi Co (FRA:KUG1) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:KUG1 Kumagai Gumi Co Ltd FRA:KUG1
76 GF Score
Price €7.30
GF Value €6.13
! 5 Warning Signs
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What is Kumagai Gumi Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kumagai Gumi Co  (FRA:KUG1) 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.


Kumagai Gumi Co Cyclically Adjusted PB Ratio Related Terms


Kumagai Gumi Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kumagai Gumi 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.

Kumagai Gumi Co Cyclically Adjusted PB Ratio Chart

Kumagai Gumi Co 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 1.01 0.84 1.09 0.91 1.24

Kumagai Gumi 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 0.93 1.06 1.20 1.29 1.17

FRA:KUG1 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Kumagai Gumi 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.


Kumagai Gumi Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Kumagai Gumi Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:KUG1
76GF Score
Kumagai Gumi Co Ltd FRA:KUG1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kumagai Gumi 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.

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

For example, Kumagai Gumi 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)
=5.825/113.6000*113.6000
=5.825

Current CPI (Jun. 2026) = 113.6000.

Kumagai Gumi Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.110 98.000 4.764
201612 4.134 98.400 4.773
201703 4.511 98.100 5.224
201706 4.189 98.500 4.831
201709 4.211 98.800 4.842
201712 4.871 99.400 5.567
201803 5.175 99.200 5.926
201806 5.123 99.200 5.867
201809 5.199 99.900 5.912
201812 5.561 99.700 6.336
201903 5.822 99.700 6.634
201906 5.804 99.800 6.607
201909 6.263 100.100 7.108
201912 6.285 100.500 7.104
202003 6.706 100.300 7.595
202006 6.408 99.900 7.287
202009 6.535 99.900 7.431
202012 6.667 99.300 7.627
202103 6.768 99.900 7.696
202106 6.479 99.500 7.397
202109 6.798 100.100 7.715
202112 6.904 100.100 7.835
202203 6.944 101.100 7.803
202206 6.407 101.800 7.150
202209 6.571 103.100 7.240
202212 6.716 104.100 7.329
202303 6.733 104.400 7.326
202306 6.106 105.200 6.594
202309 6.253 106.200 6.689
202312 6.523 106.800 6.938
202403 6.402 107.200 6.784
202406 5.899 108.200 6.193
202409 6.666 108.900 6.954
202412 6.270 110.700 6.434
202503 6.556 111.100 6.704
202506 6.050 111.700 6.153
202509 6.194 112.000 6.282
202512 5.894 113.000 5.925
202603 5.996 112.700 6.044
202606 5.825 113.600 5.825

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 Kumagai Gumi Co (FRA:KUG1) Overvalued in 2026?

Based on GuruFocus' analysis, Kumagai Gumi Co stock appears to be overvalued. The current stock price of €7.30 is trading 19.1% above its estimated GF Value™ of €6.13.

Key valuation signals for FRA:KUG1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €6.13 vs. price of €7.30 (19.1% above fair value)
  • GF Score™: 76/100 with 5 warning signs

No single metric tells the full story. See the FRA:KUG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kumagai Gumi Co Business Description

Other Exchanges 1861:JapanKUG1:Germany
Address 2-1 Tsukudocho, Shinjuku-ku, Tokyo, JPN, 162-8557
Kumagai Gumi Co Ltd is a Japanese company that provides services in construction and civil engineering. The company analyzes, designs, and supervises complex construction projects. It also offers engineering and technical services throughout the construction process. These projects include roads, railways, airports, water systems, and other public facilities. In addition, the company is engaged in manufacturing and selling construction materials and machinery. Construction activities account for the majority of revenue. The company generates additional revenue from developing residential and commercial complexes and either operating the building or acting as a broker and selling the real estate.
76GF Score

Get the complete analysis for FRA:KUG1

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

€7.30
Price
€6.13
GF Value