KNCAF (Konica Minolta) Cyclically Adjusted PB Ratio: 0.45 (As of Jul. 23, 2026) — 15% Below Median

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KNCAF Konica Minolta Inc KNCAF
65 GF Score
Price $3.54
GF Value $3.13
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Konica Minolta Cyclically Adjusted PB Ratio?

Konica Minolta KNCAF 65 Cyclically Adjusted PB Ratio is 0.45 as of Jul. 23, 2026, which is 15% below its 10-year median of 0.53. GuruFocus rates KNCAF with a GF Score™ of 65/100 and a GF Value™ of $3.13 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,285 Industrial Products companies, Konica Minolta ranks better than 88.32% on this metric.

As of today (2026-07-23), Konica Minolta's current share price is $3.54. Konica Minolta's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $7.80. Konica Minolta's Cyclically Adjusted PB Ratio for today is 0.45.

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

KNCAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.53   Max: 1.39
Current: 0.53

During the past years, Konica Minolta's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.26. And the median was 0.53.

KNCAF's Cyclically Adjusted PB Ratio is ranked better than
88.32% of 2285 companies
in the Industrial Products industry
Industry Median: 2.12 vs KNCAF: 0.53

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.

Konica Minolta's adjusted book value per share data for the three months ended in Mar. 2026 was $6.842. 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 $7.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Konica Minolta  (OTCPK:KNCAF) 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
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 0.43 0.40 0.45 0.58 0.44

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.


KNCAF
65GF Score
Konica Minolta Inc KNCAF
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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.54/7.80
=0.45

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

For example, Konica Minolta'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)
=6.842/112.7000*112.7000
=6.842

Current CPI (Mar. 2026) = 112.7000.

Konica Minolta Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.252 98.100 10.629
201609 9.611 98.000 11.053
201612 9.070 98.400 10.388
201703 9.369 98.100 10.763
201706 9.561 98.500 10.939
201709 9.893 98.800 11.285
201712 9.431 99.400 10.693
201803 10.002 99.200 11.363
201806 9.799 99.200 11.133
201809 10.010 99.900 11.293
201812 9.847 99.700 11.131
201903 10.107 99.700 11.425
201906 9.978 99.800 11.268
201909 9.904 100.100 11.151
201912 9.881 100.500 11.080
202003 9.829 100.300 11.044
202006 9.413 99.900 10.619
202009 9.451 99.900 10.662
202012 9.568 99.300 10.859
202103 10.064 99.900 11.353
202106 9.867 99.500 11.176
202109 9.463 100.100 10.654
202112 9.024 100.100 10.160
202203 9.392 101.100 10.470
202206 8.618 101.800 9.541
202209 8.376 103.100 9.156
202212 8.478 104.100 9.178
202303 7.383 104.400 7.970
202306 7.258 105.200 7.775
202309 7.124 106.200 7.560
202312 7.131 106.800 7.525
202403 7.287 107.200 7.661
202406 7.151 108.200 7.448
202409 7.182 108.900 7.433
202412 7.033 110.700 7.160
202503 6.279 111.100 6.369
202506 6.541 111.700 6.600
202509 6.784 112.000 6.826
202512 6.745 113.000 6.727
202603 6.842 112.700 6.842

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 0.45 mean?
Konica Minolta (KNCAF) has a Cyclically Adjusted PB Ratio of 0.45 as of Jul. 23, 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 Konica Minolta and its competitors. This is 15% below median its historical median of 0.53. Over the past decade, Konica Minolta's Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.39. According to the industry distribution chart, Konica Minolta ranks #267 out of 2285 companies in the Industrial Products industry, placing it in the top 11.7%.
Is Konica Minolta's Cyclically Adjusted PB Ratio too high?
Konica Minolta's current Cyclically Adjusted PB Ratio of 0.45 is 15% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.39. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Konica Minolta's value of 0.45 is 78.8% below this industry median. Based on the distribution chart, Konica Minolta ranks #267 out of 2285 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Konica Minolta has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Konica Minolta's Cyclically Adjusted PB Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Konica Minolta ranks #267 out of 2285 companies for Cyclically Adjusted PB Ratio. This places Konica Minolta in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.12. Konica Minolta's value of 0.45 is 78.8% below this benchmark. Historically, Konica Minolta's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.39 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 2.12, Konica Minolta 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,285 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. Konica Minolta's current Cyclically Adjusted PB Ratio of 0.45 is 78.8% 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 Konica Minolta and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Konica Minolta's current Cyclically Adjusted PB Ratio is 0.45, which is 15% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Konica Minolta stock overvalued right now?
Based on GuruFocus' analysis, Konica Minolta (KNCAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.13, compared to a current price of $3.54 — trading 13.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 15% below median its 10-year median of 0.53 and 78.8% below the Industrial Products industry median of 2.12. Konica Minolta's overall GF Score™ is 65/100 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 Konica Minolta (KNCAF), the current Cyclically Adjusted PB Ratio is 0.45 as of Jul. 23, 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 Konica Minolta (KNCAF) Overvalued in 2026?

Based on GuruFocus' analysis, Konica Minolta stock appears to be overvalued. The current stock price of $3.54 is trading 13.1% above its estimated GF Value™ of $3.13. GuruFocus considers Konica Minolta to be Modestly Overvalued.

Key valuation signals for KNCAF:

  • Cyclically Adjusted PB Ratio: 0.45 (15% below median its 10-year median of 0.53)
  • GF Value™: $3.13 vs. price of $3.54 (13.1% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 78.8% below the Industrial Products median (#267 of 2285)

No single metric tells the full story. See the KNCAF 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.
65GF Score

Get the complete analysis for KNCAF

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

$3.54
Price
$3.13
GF Value