Kao (KAOCF) Cyclically Adjusted PB Ratio: 3.16 (As of Jul. 08, 2026) — 21% Below Median


KAOCF Kao Corp KAOCF
82 GF Score
Price $20.91
GF Value $21.44
Valuation Fairly Valued
! 4 Warning Signs
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What is Kao Cyclically Adjusted PB Ratio?

Kao KAOCF 82 Cyclically Adjusted PB Ratio is 3.16 as of Jul. 08, 2026, which is 21% below its 10-year median of 4.00. GuruFocus rates KAOCF with a GF Score™ of 82/100 and a GF Value™ of $21.44 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,442 Consumer Packaged Goods companies, Kao ranks worse than 80.44% on this metric.

As of today (2026-07-08), Kao's current share price is $20.91. Kao's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $6.62. Kao's Cyclically Adjusted PB Ratio for today is 3.16.

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

KAOCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.84   Med: 4   Max: 7.35
Current: 3.2

During the past years, Kao's highest Cyclically Adjusted PB Ratio was 7.35. The lowest was 2.84. And the median was 4.00.

KAOCF's Cyclically Adjusted PB Ratio is ranked worse than
80.44% of 1442 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs KAOCF: 3.20

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.

Kao's adjusted book value per share data for the three months ended in Mar. 2026 was $7.471. 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 $6.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kao  (OTCPK:KAOCF) 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.


Kao Cyclically Adjusted PB Ratio Related Terms


Kao Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kao'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.

Kao Cyclically Adjusted PB Ratio Chart

Kao 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 4.02 3.18 3.26 3.31 3.06

Kao Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.31 3.25 3.21 3.06 2.99

KAOCF vs PG, CL, KVUE: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Kao'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.


Kao Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kao's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KAOCF
82GF Score
Kao Corp KAOCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kao 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.

Kao's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.91/6.62
=3.16

* 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.

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

For example, Kao'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)
=7.471/112.7000*112.7000
=7.471

Current CPI (Mar. 2026) = 112.7000.

Kao Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.328 98.100 7.270
201609 6.360 98.000 7.314
201612 5.946 98.400 6.810
201703 6.178 98.100 7.097
201706 6.629 98.500 7.585
201709 6.811 98.800 7.769
201712 7.245 99.400 8.214
201803 7.589 99.200 8.622
201806 7.272 99.200 8.262
201809 7.384 99.900 8.330
201812 7.530 99.700 8.512
201903 7.616 99.700 8.609
201906 7.622 99.800 8.607
201909 7.880 100.100 8.872
201912 8.173 100.500 9.165
202003 8.120 100.300 9.124
202006 8.382 99.900 9.456
202009 8.545 99.900 9.640
202012 9.252 99.300 10.501
202103 8.754 99.900 9.876
202106 8.757 99.500 9.919
202109 8.720 100.100 9.818
202112 8.946 100.100 10.072
202203 8.700 101.100 9.698
202206 8.058 101.800 8.921
202209 7.522 103.100 8.222
202212 7.750 104.100 8.390
202303 7.657 104.400 8.266
202306 7.623 105.200 8.166
202309 7.235 106.200 7.678
202312 7.348 106.800 7.754
202403 7.158 107.200 7.525
202406 7.201 108.200 7.500
202409 7.485 108.900 7.746
202412 7.466 110.700 7.601
202503 7.430 111.100 7.537
202506 7.844 111.700 7.914
202509 7.594 112.000 7.641
202512 7.544 113.000 7.524
202603 7.471 112.700 7.471

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 3.16 mean?
Kao (KAOCF) has a Cyclically Adjusted PB Ratio of 3.16 as of Jul. 08, 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 Kao and its competitors. This is 21% below median its historical median of 4.00. Over the past decade, Kao's Cyclically Adjusted PB Ratio has ranged from 2.84 to 7.35. According to the industry distribution chart, Kao ranks #1160 out of 1442 companies in the Consumer Packaged Goods industry, placing it in the top 80.4%.
Is Kao's Cyclically Adjusted PB Ratio too high?
Kao's current Cyclically Adjusted PB Ratio of 3.16 is 21% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 7.35. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Kao's value of 3.16 is 148.8% above this industry median. Based on the distribution chart, Kao ranks #1160 out of 1442 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Kao has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kao's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Kao ranks #1160 out of 1442 companies for Cyclically Adjusted PB Ratio. This places Kao in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Kao's value of 3.16 is 148.8% above this benchmark. Historically, Kao's own Cyclically Adjusted PB Ratio has ranged from 2.84 to 7.35 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 1.27, Kao 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,442 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. Kao's current Cyclically Adjusted PB Ratio of 3.16 is 148.8% 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 Kao and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kao's current Cyclically Adjusted PB Ratio is 3.16, which is 21% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kao stock overvalued right now?
Based on GuruFocus' analysis, Kao (KAOCF) is currently considered Fairly Valued. The stock's GF Value™ is $21.44, compared to a current price of $20.91 — trading 2.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.16, which is 21% below median its 10-year median of 4.00 and 148.8% above the Consumer Packaged Goods industry median of 1.27. Kao's overall GF Score™ is 82/100 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 Kao (KAOCF), the current Cyclically Adjusted PB Ratio is 3.16 as of Jul. 08, 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 Kao (KAOCF) Overvalued in 2026?

Based on GuruFocus' analysis, Kao stock appears to be undervalued. The current stock price of $20.91 is trading 2.5% below its estimated GF Value™ of $21.44. GuruFocus considers Kao to be Fairly Valued.

Key valuation signals for KAOCF:

  • Cyclically Adjusted PB Ratio: 3.16 (21% below median its 10-year median of 4.00)
  • GF Value™: $21.44 vs. price of $20.91 (2.5% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 148.8% above the Consumer Packaged Goods median (#1160 of 1442)

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


Kao Business Description

Address 14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, JPN, 103-8210
Kao is the largest household and personal care product manufacturer in Japan, with a footprint across Asia, Europe, and the Americas. Japan remains its largest market, contributing about 50% of sales and operating profits with several leading brands, including Attack and Bioré. Initially a soap producer established in the 1890s, Kao has expanded into cosmetics, disposable hygiene products, and chemicals, in addition to its homecare and toiletry products. Asia, the largest overseas market, contributes around 15% of group sales. Kao has also acquired several Western skin- and haircare brands, including Jergens, John Frieda, Curél, Molton Brown, and the latest, Oribe.
82GF Score

Get the complete analysis for KAOCF

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

$20.91
Price
$21.44
GF Value