KNDEF (Kinden) Cyclically Adjusted PB Ratio: 7.42 (As of Aug. 14, 2026) — 581% Above Median

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KNDEF Kinden Corp KNDEF
83 GF Score
Price $44.02
GF Value $8.48
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Kinden Cyclically Adjusted PB Ratio?

Kinden KNDEF 83 Cyclically Adjusted PB Ratio is 7.42 as of Aug. 14, 2026, which is 581% above its 10-year median of 1.09. GuruFocus rates KNDEF with a GF Score™ of 83/100 and a GF Value™ of $8.48 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,332 Construction companies, Kinden ranks worse than 76.73% on this metric.

As of today (2026-08-14), Kinden's current share price is $44.015. Kinden's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $5.93. Kinden's Cyclically Adjusted PB Ratio for today is 7.42.

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

KNDEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.09   Max: 3.3
Current: 2.68

During the past years, Kinden's highest Cyclically Adjusted PB Ratio was 3.30. The lowest was 0.67. And the median was 1.09.

KNDEF's Cyclically Adjusted PB Ratio is ranked worse than
76.73% of 1332 companies
in the Construction industry
Industry Median: 1.15 vs KNDEF: 2.68

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.

Kinden's adjusted book value per share data for the three months ended in Mar. 2026 was $21.051. 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 $5.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinden  (OTCPK:KNDEF) 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.


Kinden Cyclically Adjusted PB Ratio Related Terms


Kinden Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kinden'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.

Kinden Cyclically Adjusted PB Ratio Chart

Kinden 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 0.82 0.76 1.19 1.37 2.68

Kinden 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 1.71 2.01 2.64 2.68 0.00

KNDEF vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Kinden'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.


Kinden Cyclically Adjusted PB Ratio vs Construction Industry

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

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


KNDEF
83GF Score
Kinden Corp KNDEF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinden 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.015/5.93
=7.42

* 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.

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

For example, Kinden'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)
=21.051/112.7000*112.7000
=21.051

Current CPI (Mar. 2026) = 112.7000.

Kinden Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.134 98.100 18.535
201609 16.965 98.000 19.510
201612 15.304 98.400 17.528
201703 16.247 98.100 18.665
201706 16.670 98.500 19.073
201709 16.951 98.800 19.336
201712 17.040 99.400 19.320
201803 18.780 99.200 21.336
201806 18.027 99.200 20.480
201809 18.014 99.900 20.322
201812 17.786 99.700 20.105
201903 18.625 99.700 21.054
201906 19.331 99.800 21.830
201909 19.834 100.100 22.331
201912 19.947 100.500 22.368
202003 20.335 100.300 22.849
202006 20.580 99.900 23.217
202009 21.457 99.900 24.206
202012 22.269 99.300 25.274
202103 22.087 99.900 24.917
202106 21.712 99.500 24.592
202109 22.054 100.100 24.830
202112 21.358 100.100 24.046
202203 21.026 101.100 23.438
202206 18.511 101.800 20.493
202209 17.480 103.100 19.108
202212 18.682 104.100 20.225
202303 19.442 104.400 20.988
202306 18.586 105.200 19.911
202309 18.122 106.200 19.231
202312 18.814 106.800 19.853
202403 19.010 107.200 19.985
202406 17.846 108.200 18.588
202409 19.878 108.900 20.572
202412 18.622 110.700 18.958
202503 20.221 111.100 20.512
202506 20.689 111.700 20.874
202509 21.028 112.000 21.159
202512 20.390 113.000 20.336
202603 21.051 112.700 21.051

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 7.42 mean?
Kinden (KNDEF) has a Cyclically Adjusted PB Ratio of 7.42 as of Aug. 14, 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 Kinden and its competitors. This is 581% above median its historical median of 1.09. Over the past decade, Kinden's Cyclically Adjusted PB Ratio has ranged from 0.67 to 3.30. According to the industry distribution chart, Kinden ranks #1022 out of 1332 companies in the Construction industry, placing it in the top 76.7%.
Is Kinden's Cyclically Adjusted PB Ratio too high?
Kinden's current Cyclically Adjusted PB Ratio of 7.42 is 581% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 3.30. The Construction industry median Cyclically Adjusted PB Ratio is 1.15. Kinden's value of 7.42 is 545.2% above this industry median. Based on the distribution chart, Kinden ranks #1022 out of 1332 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kinden has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinden's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Kinden ranks #1022 out of 1332 companies for Cyclically Adjusted PB Ratio. This places Kinden in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Kinden's value of 7.42 is 545.2% above this benchmark. Historically, Kinden's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 3.30 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.15, Kinden 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.15, based on 1,332 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. Kinden's current Cyclically Adjusted PB Ratio of 7.42 is 545.2% 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 Kinden and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinden's current Cyclically Adjusted PB Ratio is 7.42, which is 581% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinden stock overvalued right now?
Based on GuruFocus' analysis, Kinden (KNDEF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.48, compared to a current price of $44.02 — trading 419% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.42, which is 581% above median its 10-year median of 1.09 and 545.2% above the Construction industry median of 1.15. Kinden's overall GF Score™ is 83/100 with 1 warning sign 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 Kinden (KNDEF), the current Cyclically Adjusted PB Ratio is 7.42 as of Aug. 14, 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 Kinden (KNDEF) Overvalued in 2026?

Based on GuruFocus' analysis, Kinden stock appears to be overvalued. The current stock price of $44.02 is trading 419% above its estimated GF Value™ of $8.48. GuruFocus considers Kinden to be Significantly Overvalued.

Key valuation signals for KNDEF:

  • Cyclically Adjusted PB Ratio: 7.42 (581% above median its 10-year median of 1.09)
  • GF Value™: $8.48 vs. price of $44.02 (419% above fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 545.2% above the Construction median (#1022 of 1332)

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


Kinden Business Description

Other Exchanges 1944:Japan109:Germany
Address 2-3-41 Honjo Higashi, Kita-ku, Osaka, JPN, 102-8628
Kinden Corp is a Japanese industrial company specializing in facility construction and the electrical construction business. Its operations cover a wide range of activities, including power distribution, electrical installations for buildings and factories, power transmission line projects, and substation-related work. The company offers alternative-energy power generation and fuel cell systems, facility and factory automation and security systems, air conditioning and water supply solutions, warehouse and medical facility communication systems, and sanitation and electrical system diagnosis solutions.
83GF Score

Get the complete analysis for KNDEF

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

$44.02
Price
$8.48
GF Value