Kelso Technologies (FRA:LB4A) Cyclically Adjusted PB Ratio: 0.42 (As of Jul. 31, 2026) — 84% Below Median

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FRA:LB4A Kelso Technologies Inc FRA:LB4A
26 GF Score
Price €0.06
GF Value €0.06
! 4 Warning Signs
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What is Kelso Technologies Cyclically Adjusted PB Ratio?

Kelso Technologies FRA:LB4A 26 Cyclically Adjusted PB Ratio is 0.42 as of Jul. 31, 2026, which is 84% below its 10-year median of 2.62. GuruFocus rates FRA:LB4A with a GF Score™ of 26/100 and a GF Value™ of €0.06. The stock has 4 warning signs investors should review. Among 737 Transportation companies, Kelso Technologies ranks better than 89.01% on this metric.

As of today (2026-07-31), Kelso Technologies's current share price is €0.055. Kelso Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.13. Kelso Technologies's Cyclically Adjusted PB Ratio for today is 0.42.

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

FRA:LB4A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 2.62   Max: 14.73
Current: 0.41

During the past years, Kelso Technologies's highest Cyclically Adjusted PB Ratio was 14.73. The lowest was 0.34. And the median was 2.62.

FRA:LB4A's Cyclically Adjusted PB Ratio is ranked better than
89.01% of 737 companies
in the Transportation industry
Industry Median: 1.26 vs FRA:LB4A: 0.41

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.

Kelso Technologies's adjusted book value per share data for the three months ended in Jun. 2026 was €0.063. 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 €0.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kelso Technologies  (FRA:LB4A) 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.


Kelso Technologies Cyclically Adjusted PB Ratio Related Terms


Kelso Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kelso Technologies'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.

Kelso Technologies Cyclically Adjusted PB Ratio Chart

Kelso Technologies 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 1.84 1.21 0.58 0.40 0.66

Kelso Technologies 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 0.50 0.64 0.66 0.54 0.57

FRA:LB4A vs UNP, CSX, NSC: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, Kelso Technologies'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.


Kelso Technologies Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


FRA:LB4A
26GF Score
Kelso Technologies Inc FRA:LB4A
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kelso Technologies 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.

Kelso Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.055/0.13
=0.42

* 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.

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

For example, Kelso Technologies'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)
=0.063/134.0005*134.0005
=0.063

Current CPI (Jun. 2026) = 134.0005.

Kelso Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.226 101.765 0.298
201612 0.240 101.449 0.317
201703 0.228 102.634 0.298
201706 0.200 103.029 0.260
201709 0.164 103.345 0.213
201712 0.136 103.345 0.176
201803 0.125 105.004 0.160
201806 0.130 105.557 0.165
201809 0.136 105.636 0.173
201812 0.152 105.399 0.193
201903 0.174 106.979 0.218
201906 0.178 107.690 0.221
201909 0.199 107.611 0.248
201912 0.226 107.769 0.281
202003 0.252 107.927 0.313
202006 0.243 108.401 0.300
202009 0.222 108.164 0.275
202012 0.191 108.559 0.236
202103 0.230 110.298 0.279
202106 0.221 111.720 0.265
202109 0.220 112.905 0.261
202112 0.196 113.774 0.231
202203 0.201 117.646 0.229
202206 0.200 120.806 0.222
202209 0.207 120.648 0.230
202212 0.187 120.964 0.207
202303 0.172 122.702 0.188
202306 0.152 124.203 0.164
202309 0.154 125.230 0.165
202312 0.147 125.072 0.157
202403 0.136 126.258 0.144
202406 0.128 127.522 0.135
202409 0.118 127.285 0.124
202412 0.073 127.364 0.077
202503 0.078 129.181 0.081
202506 0.074 129.892 0.076
202509 0.076 130.287 0.078
202512 0.072 130.366 0.074
202603 0.066 132.262 0.067
202606 0.063 134.001 0.063

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 0.42 mean?
Kelso Technologies (FRA:LB4A) has a Cyclically Adjusted PB Ratio of 0.42 as of Jul. 31, 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 Kelso Technologies and its competitors. This is 84% below median its historical median of 2.62. Over the past decade, Kelso Technologies' Cyclically Adjusted PB Ratio has ranged from 0.34 to 14.73. According to the industry distribution chart, Kelso Technologies ranks #81 out of 737 companies in the Transportation industry, placing it in the top 11%.
Is Kelso Technologies' Cyclically Adjusted PB Ratio too high?
Kelso Technologies' current Cyclically Adjusted PB Ratio of 0.42 is 84% below median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 14.73. The Transportation industry median Cyclically Adjusted PB Ratio is 1.26. Kelso Technologies' value of 0.42 is 66.7% below this industry median. Based on the distribution chart, Kelso Technologies ranks #81 out of 737 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Kelso Technologies has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Kelso Technologies' Cyclically Adjusted PB Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Kelso Technologies ranks #81 out of 737 companies for Cyclically Adjusted PB Ratio. This places Kelso Technologies in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. Kelso Technologies' value of 0.42 is 66.7% below this benchmark. Historically, Kelso Technologies' own Cyclically Adjusted PB Ratio has ranged from 0.34 to 14.73 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 1.26, Kelso Technologies 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.26, based on 737 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. Kelso Technologies's current Cyclically Adjusted PB Ratio of 0.42 is 66.7% 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 Kelso Technologies and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kelso Technologies's current Cyclically Adjusted PB Ratio is 0.42, which is 84% below median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kelso Technologies stock overvalued right now?
Kelso Technologies (FRA:LB4A) has a current Cyclically Adjusted PB Ratio of 0.42. The stock's GF Value™ is €0.06, compared to a current price of €0.06 — trading 8.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.42, which is 84% below median its 10-year median of 2.62 and 66.7% below the Transportation industry median of 1.26. Kelso Technologies' overall GF Score™ is 26/100 with 4 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 Kelso Technologies (FRA:LB4A), the current Cyclically Adjusted PB Ratio is 0.42 as of Jul. 31, 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 Kelso Technologies (FRA:LB4A) Overvalued in 2026?

Based on GuruFocus' analysis, Kelso Technologies stock appears to be undervalued. The current stock price of €0.06 is trading 8.3% below its estimated GF Value™ of €0.06.

Key valuation signals for FRA:LB4A:

  • Cyclically Adjusted PB Ratio: 0.42 (84% below median its 10-year median of 2.62)
  • GF Value™: €0.06 vs. price of €0.06 (8.3% below fair value)
  • GF Score™: 26/100 with 4 warning signs
  • Industry Position: 66.7% below the Transportation median (#81 of 737)

No single metric tells the full story. See the FRA:LB4A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kelso Technologies Business Description

Other Exchanges KIQSF:USAKLS:Canada
Address 305 - 1979 Old Okanagan Highway, West Kelowna, BC, CAN, V4T 3A4
Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various fuel valves, pressure relief valves, manway securement systems, and other related products designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars. It operates one business segment, which consists of the design, production, and distribution of various proprietary products for the rail sector. Geographically, it operates in the United States.
26GF Score

Get the complete analysis for FRA:LB4A

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

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