KNKZF (KWSAT SE KGaA) Cyclically Adjusted PB Ratio: 1.85 (As of Aug. 12, 2026) — 19% Below Median

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KNKZF KWS SAAT SE & Co KGaA KNKZF
89 GF Score
Price $84.60
GF Value $74.28
Valuation Modestly Overvalued
! 5 Warning Signs
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What is KWSAT SE KGaA Cyclically Adjusted PB Ratio?

KWSAT SE KGaA KNKZF 89 Cyclically Adjusted PB Ratio is 1.85 as of Aug. 12, 2026, which is 19% below its 10-year median of 2.28. GuruFocus rates KNKZF with a GF Score™ of 89/100 and a GF Value™ of $74.28 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 189 Agriculture companies, KWSAT SE KGaA ranks worse than 64.02% on this metric.

As of today (2026-08-12), KWSAT SE KGaA's current share price is $84.60. KWSAT SE KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $45.72. KWSAT SE KGaA's Cyclically Adjusted PB Ratio for today is 1.85.

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

KNKZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.45   Med: 2.28   Max: 3.49
Current: 1.87

During the past years, KWSAT SE KGaA's highest Cyclically Adjusted PB Ratio was 3.49. The lowest was 1.45. And the median was 2.28.

KNKZF's Cyclically Adjusted PB Ratio is ranked worse than
64.02% of 189 companies
in the Agriculture industry
Industry Median: 1.43 vs KNKZF: 1.87

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.

KWSAT SE KGaA's adjusted book value per share data for the three months ended in Mar. 2026 was $62.312. 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 $45.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KWSAT SE KGaA  (OTCPK:KNKZF) 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.


KWSAT SE KGaA Cyclically Adjusted PB Ratio Related Terms


KWSAT SE KGaA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KWSAT SE KGaA'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.

KWSAT SE KGaA Cyclically Adjusted PB Ratio Chart

KWSAT SE KGaA Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.86 2.07 1.84 1.80 1.72

KWSAT SE KGaA 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 1.59 1.72 1.81 1.85 1.97

KNKZF vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, KWSAT SE KGaA'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.


KWSAT SE KGaA Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, KWSAT SE KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KNKZF
89GF Score
KWS SAAT SE & Co KGaA KNKZF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KWSAT SE KGaA 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.

KWSAT SE KGaA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=84.60/45.72
=1.85

* 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.

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

For example, KWSAT SE KGaA'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)
=62.312/131.2583*131.2583
=62.312

Current CPI (Mar. 2026) = 131.2583.

KWSAT SE KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201606 26.065 100.717 33.969
201609 24.732 101.017 32.136
201612 22.385 101.217 29.029
201703 28.913 101.417 37.421
201706 28.412 102.117 36.520
201709 28.140 102.717 35.959
201712 25.193 102.617 32.225
201803 33.315 102.917 42.489
201806 31.116 104.017 39.265
201809 29.150 104.718 36.538
201812 27.438 104.217 34.557
201903 34.076 104.217 42.918
201906 32.900 105.718 40.848
201909 31.121 106.018 38.530
201912 28.912 105.818 35.863
202003 35.141 105.718 43.631
202006 33.933 106.618 41.775
202009 32.359 105.818 40.139
202012 30.392 105.518 37.806
202103 38.669 107.518 47.207
202106 38.471 108.486 46.547
202109 36.111 109.435 43.312
202112 32.501 110.384 38.647
202203 39.888 113.968 45.939
202206 39.910 115.760 45.253
202209 36.571 118.818 40.400
202212 35.369 119.345 38.900
202303 43.797 122.402 46.966
202306 42.387 123.140 45.181
202309 40.287 124.195 42.578
202312 37.494 123.773 39.762
202403 48.024 125.038 50.413
202406 45.664 125.882 47.614
202409 50.045 126.198 52.052
202412 44.503 127.041 45.980
202503 56.131 127.779 57.659
202506 55.976 128.412 57.217
202509 56.206 129.255 57.077
202512 52.885 129.361 53.661
202603 62.312 131.258 62.312

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 1.85 mean?
KWSAT SE KGaA (KNKZF) has a Cyclically Adjusted PB Ratio of 1.85 as of Aug. 12, 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 KWSAT SE KGaA and its competitors. This is 19% below median its historical median of 2.28. Over the past decade, KWSAT SE KGaA's Cyclically Adjusted PB Ratio has ranged from 1.45 to 3.49. According to the industry distribution chart, KWSAT SE KGaA ranks #121 out of 189 companies in the Agriculture industry, placing it in the top 64%.
Is KWSAT SE KGaA's Cyclically Adjusted PB Ratio too high?
KWSAT SE KGaA's current Cyclically Adjusted PB Ratio of 1.85 is 19% below median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 3.49. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.43. KWSAT SE KGaA's value of 1.85 is 29.4% above this industry median. Based on the distribution chart, KWSAT SE KGaA ranks #121 out of 189 companies in the Agriculture industry, which is below the industry midpoint. Overall, KWSAT SE KGaA has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KWSAT SE KGaA's Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, KWSAT SE KGaA ranks #121 out of 189 companies for Cyclically Adjusted PB Ratio. This places KWSAT SE KGaA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. KWSAT SE KGaA's value of 1.85 is 29.4% above this benchmark. Historically, KWSAT SE KGaA's own Cyclically Adjusted PB Ratio has ranged from 1.45 to 3.49 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 1.43, KWSAT SE KGaA 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 an Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.43, based on 189 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. KWSAT SE KGaA's current Cyclically Adjusted PB Ratio of 1.85 is 29.4% 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 KWSAT SE KGaA and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KWSAT SE KGaA's current Cyclically Adjusted PB Ratio is 1.85, which is 19% below median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KWSAT SE KGaA stock overvalued right now?
Based on GuruFocus' analysis, KWSAT SE KGaA (KNKZF) is currently considered Modestly Overvalued. The stock's GF Value™ is $74.28, compared to a current price of $84.60 — trading 13.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.85, which is 19% below median its 10-year median of 2.28 and 29.4% above the Agriculture industry median of 1.43. KWSAT SE KGaA's overall GF Score™ is 89/100 with 5 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 KWSAT SE KGaA (KNKZF), the current Cyclically Adjusted PB Ratio is 1.85 as of Aug. 12, 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 KWSAT SE KGaA (KNKZF) Overvalued in 2026?

Based on GuruFocus' analysis, KWSAT SE KGaA stock appears to be overvalued. The current stock price of $84.60 is trading 13.9% above its estimated GF Value™ of $74.28. GuruFocus considers KWSAT SE KGaA to be Modestly Overvalued.

Key valuation signals for KNKZF:

  • Cyclically Adjusted PB Ratio: 1.85 (19% below median its 10-year median of 2.28)
  • GF Value™: $74.28 vs. price of $84.60 (13.9% above fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 29.4% above the Agriculture median (#121 of 189)

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


KWSAT SE KGaA Business Description

Address Grimsehlstrasse 31, P.O. Box 1463, Einbeck, NI, DEU, 37555
KWS SAAT SE & Co KGaA breeds and distributes agriculture seeds internationally. The segments of the company focus on sugarbeet, corn, cereals, vegetables, and corporates. The company works on breeding new varieties and seed multiplication to produce the results for farmers. Plants and seeds are monitored at different stages of the lifecycle to ensure high quality. Products, processes, and consulting are marketed to farmers as certain expertise is needed in different regions of the world. The company generates key revenue from Sugarbeet and Corn.
89GF Score

Get the complete analysis for KNKZF

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

$84.60
Price
$74.28
GF Value