KOP (Koppers Holdings) Cyclically Adjusted PB Ratio: 2.71 (As of Aug. 23, 2026) — 40% Below Median

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KOP Koppers Holdings Inc KOP
72 GF Score
Price $45.19
GF Value $36.68
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Koppers Holdings Cyclically Adjusted PB Ratio?

Koppers Holdings KOP -1.50% 72 Cyclically Adjusted PB Ratio is 2.71 as of Aug. 23, 2026, which is 40% below its 10-year median of 4.50. GuruFocus rates KOP with a GF Score™ of 72/100 and a GF Value™ of $36.68 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,160 Chemicals companies, Koppers Holdings ranks worse than 67.84% on this metric.

As of today (2026-08-23), Koppers Holdings's current share price is $45.19. Koppers Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $16.68. Koppers Holdings's Cyclically Adjusted PB Ratio for today is 2.71.

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

KOP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.68   Med: 4.5   Max: 13.05
Current: 2.71

During the past years, Koppers Holdings's highest Cyclically Adjusted PB Ratio was 13.05. The lowest was 1.68. And the median was 4.50.

KOP's Cyclically Adjusted PB Ratio is ranked worse than
67.84% of 1160 companies
in the Chemicals industry
Industry Median: 1.68 vs KOP: 2.71

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.

Koppers Holdings's adjusted book value per share data for the three months ended in Jun. 2026 was $20.472. 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 $16.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koppers Holdings  (NYSE:KOP) 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.


Koppers Holdings Cyclically Adjusted PB Ratio Related Terms


Koppers Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Koppers Holdings'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.

Koppers Holdings Cyclically Adjusted PB Ratio Chart

Koppers Holdings 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 4.29 3.19 4.96 2.65 1.81

Koppers Holdings 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 2.37 1.97 1.81 2.42 2.69

KOP vs LWLG, KRO, SCL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Koppers Holdings'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.


Koppers Holdings Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Koppers Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KOP
72GF Score
Koppers Holdings Inc KOP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koppers Holdings 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.

Koppers Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.19/16.68
=2.71

* 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.

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

For example, Koppers Holdings'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)
=20.472/333.9520*333.9520
=20.472

Current CPI (Jun. 2026) = 333.9520.

Koppers Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.982 241.428 1.358
201612 1.471 241.432 2.035
201703 2.173 243.801 2.977
201706 3.321 244.955 4.528
201709 5.221 246.819 7.064
201712 4.808 246.524 6.513
201803 5.053 249.554 6.762
201806 4.269 251.989 5.658
201809 3.355 252.439 4.438
201812 2.735 251.233 3.636
201903 3.778 254.202 4.963
201906 4.429 256.143 5.774
201909 4.851 256.759 6.309
201912 7.080 256.974 9.201
202003 4.723 258.115 6.111
202006 8.358 257.797 10.827
202009 13.359 260.280 17.140
202012 16.195 260.474 20.764
202103 17.735 264.877 22.360
202106 19.298 271.696 23.720
202109 18.605 274.310 22.650
202112 19.274 278.802 23.087
202203 19.813 287.504 23.014
202206 17.960 296.311 20.241
202209 17.638 296.808 19.845
202212 19.236 296.797 21.644
202303 20.679 301.836 22.879
202306 21.685 305.109 23.735
202309 22.667 307.789 24.594
202312 23.917 306.746 26.038
202403 23.872 312.332 25.524
202406 24.816 314.175 26.378
202409 26.264 315.301 27.818
202412 24.096 315.605 25.497
202503 24.896 319.799 25.998
202506 26.723 322.561 27.667
202509 27.818 324.800 28.602
202512 29.502 324.054 30.403
202603 28.577 330.213 28.901
202606 20.472 333.952 20.472

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 2.71 mean?
Koppers Holdings (KOP) has a Cyclically Adjusted PB Ratio of 2.71 as of Aug. 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 Koppers Holdings and its competitors. This is 40% below median its historical median of 4.50. Over the past decade, Koppers Holdings' Cyclically Adjusted PB Ratio has ranged from 1.68 to 13.05. According to the industry distribution chart, Koppers Holdings ranks #787 out of 1160 companies in the Chemicals industry, placing it in the top 67.8%.
Is Koppers Holdings' Cyclically Adjusted PB Ratio too high?
Koppers Holdings' current Cyclically Adjusted PB Ratio of 2.71 is 40% below median its 10-year median of 4.50. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 13.05. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.68. Koppers Holdings' value of 2.71 is 61.3% above this industry median. Based on the distribution chart, Koppers Holdings ranks #787 out of 1160 companies in the Chemicals industry, which is below the industry midpoint. Overall, Koppers Holdings has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koppers Holdings' Cyclically Adjusted PB Ratio compare to LWLG and KRO?
According to the Chemicals industry distribution chart, Koppers Holdings ranks #787 out of 1160 companies for Cyclically Adjusted PB Ratio. This places Koppers Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.68. Koppers Holdings' value of 2.71 is 61.3% above this benchmark. Historically, Koppers Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.68 to 13.05 over the past decade. While the company's 10-year median is 4.50 vs. the industry median of 1.68, Koppers Holdings 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.68, based on 1,160 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. Koppers Holdings's current Cyclically Adjusted PB Ratio of 2.71 is 61.3% 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 Koppers Holdings and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koppers Holdings's current Cyclically Adjusted PB Ratio is 2.71, which is 40% below median its own 10-year median of 4.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koppers Holdings stock overvalued right now?
Based on GuruFocus' analysis, Koppers Holdings (KOP) is currently considered Modestly Overvalued. The stock's GF Value™ is $36.68, compared to a current price of $45.19 — trading 23.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.71, which is 40% below median its 10-year median of 4.50 and 61.3% above the Chemicals industry median of 1.68. Koppers Holdings' overall GF Score™ is 72/100 with 3 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 Koppers Holdings (KOP), the current Cyclically Adjusted PB Ratio is 2.71 as of Aug. 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 Koppers Holdings (KOP) Overvalued in 2026?

Based on GuruFocus' analysis, Koppers Holdings stock appears to be overvalued. The current stock price of $45.19 is trading 23.2% above its estimated GF Value™ of $36.68. GuruFocus considers Koppers Holdings to be Modestly Overvalued.

Key valuation signals for KOP:

  • Cyclically Adjusted PB Ratio: 2.71 (40% below median its 10-year median of 4.50)
  • GF Value™: $36.68 vs. price of $45.19 (23.2% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 61.3% above the Chemicals median (#787 of 1160)

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


Koppers Holdings Business Description

Other Exchanges KO9:Germany
Address 436 Seventh Avenue, Pittsburgh, PA, USA, 15219
Koppers Holdings Inc through its subsidiaries, manufactures and sells wood products, wood treatment chemicals, and carbon compounds used in markets such as railroad, aluminum and steel, agriculture, utilities, and residential lumber. The company is organized into three business segments: railroad and utility products and services, performance chemicals, and carbon materials and chemicals. Its product portfolio includes treated and untreated wood products like crossties used in railroads, wood preservation chemicals, and carbon compounds such as creosote used in the treatment of wood crossties, among others. The majority of its revenue comes from the company's railroad and utility products and services segment, and more than half of the company's revenue is earned in the United States.
72GF Score

Get the complete analysis for KOP

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

$45.19
Price
$36.68
GF Value