KPLUF (K+S AG) Cyclically Adjusted PB Ratio: 0.44 (As of Aug. 14, 2026) — 31% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KPLUF K+S AG KPLUF
73 GF Score
Price $16.85
GF Value $15.80
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is K+S AG Cyclically Adjusted PB Ratio?

K+S AG KPLUF 73 Cyclically Adjusted PB Ratio is 0.44 as of Aug. 14, 2026, which is 31% below its 10-year median of 0.64. GuruFocus rates KPLUF with a GF Score™ of 73/100 and a GF Value™ of $15.80 (Fairly Valued). The stock has 5 warning signs investors should review. Among 186 Agriculture companies, K+S AG ranks better than 87.1% on this metric.

As of today (2026-08-14), K+S AG's current share price is $16.85. K+S AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $38.18. K+S AG's Cyclically Adjusted PB Ratio for today is 0.44.

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

KPLUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.64   Max: 1.53
Current: 0.48

During the past years, K+S AG's highest Cyclically Adjusted PB Ratio was 1.53. The lowest was 0.25. And the median was 0.64.

KPLUF's Cyclically Adjusted PB Ratio is ranked better than
87.1% of 186 companies
in the Agriculture industry
Industry Median: 1.41 vs KPLUF: 0.48

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.

K+S AG's adjusted book value per share data for the three months ended in Jun. 2026 was $34.574. 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 $38.18 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


K+S AG  (OTCPK:KPLUF) 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.


K+S AG Cyclically Adjusted PB Ratio Related Terms


K+S AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for K+S AG'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.

K+S AG Cyclically Adjusted PB Ratio Chart

K+S AG 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 0.69 0.73 0.52 0.36 0.42

K+S AG 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 0.53 0.39 0.42 0.54 0.44

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

For the Agricultural Inputs subindustry, K+S AG'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.


K+S AG Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, K+S AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where K+S AG's Cyclically Adjusted PB Ratio falls into.


KPLUF
73GF Score
K+S AG KPLUF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

K+S AG 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.

K+S AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.85/38.18
=0.44

* 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.

K+S AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, K+S AG'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)
=34.574/131.3638*131.3638
=34.574

Current CPI (Jun. 2026) = 131.3638.

K+S AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 24.840 101.017 32.302
201612 25.080 101.217 32.550
201703 25.750 101.417 33.354
201706 25.209 102.117 32.429
201709 26.540 102.717 33.942
201712 25.716 102.617 32.920
201803 25.769 102.917 32.892
201806 25.247 104.017 31.885
201809 25.539 104.718 32.038
201812 24.622 104.217 31.036
201903 26.311 104.217 33.164
201906 25.900 105.718 32.183
201909 26.226 106.018 32.496
201912 26.086 105.818 32.384
202003 24.611 105.718 30.581
202006 25.081 106.618 30.902
202009 12.902 105.818 16.017
202012 14.116 105.518 17.574
202103 16.405 107.518 20.043
202106 21.138 108.486 25.596
202109 28.519 109.435 34.234
202112 31.048 110.384 36.949
202203 32.921 113.968 37.946
202206 34.338 115.760 38.966
202209 33.729 118.818 37.290
202212 37.192 119.345 40.938
202303 38.665 122.402 41.496
202306 38.551 123.140 41.125
202309 38.401 124.195 40.618
202312 39.596 123.773 42.024
202403 39.496 125.038 41.494
202406 38.352 125.882 40.022
202409 38.704 126.198 40.288
202412 36.321 127.041 37.557
202503 37.196 127.779 38.239
202506 27.682 128.412 28.318
202509 27.938 129.255 28.394
202512 31.933 129.361 32.427
202603 30.565 131.258 30.590
202606 34.574 131.364 34.574

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 0.44 mean?
K+S AG (KPLUF) has a Cyclically Adjusted PB Ratio of 0.44 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 K+S AG and its competitors. This is 31% below median its historical median of 0.64. Over the past decade, K+S AG's Cyclically Adjusted PB Ratio has ranged from 0.25 to 1.53. According to the industry distribution chart, K+S AG ranks #24 out of 186 companies in the Agriculture industry, placing it in the top 12.9%.
Is K+S AG's Cyclically Adjusted PB Ratio too high?
K+S AG's current Cyclically Adjusted PB Ratio of 0.44 is 31% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.53. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.41. K+S AG's value of 0.44 is 68.8% below this industry median. Based on the distribution chart, K+S AG ranks #24 out of 186 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, K+S AG has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does K+S AG's Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, K+S AG ranks #24 out of 186 companies for Cyclically Adjusted PB Ratio. This places K+S AG in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.41. K+S AG's value of 0.44 is 68.8% below this benchmark. Historically, K+S AG's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 1.53 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 1.41, K+S AG 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 Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.41, based on 186 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. K+S AG's current Cyclically Adjusted PB Ratio of 0.44 is 68.8% 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 K+S AG and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K+S AG's current Cyclically Adjusted PB Ratio is 0.44, which is 31% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K+S AG stock overvalued right now?
Based on GuruFocus' analysis, K+S AG (KPLUF) is currently considered Fairly Valued. The stock's GF Value™ is $15.80, compared to a current price of $16.85 — trading 6.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.44, which is 31% below median its 10-year median of 0.64 and 68.8% below the Agriculture industry median of 1.41. K+S AG's overall GF Score™ is 73/100 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 K+S AG (KPLUF), the current Cyclically Adjusted PB Ratio is 0.44 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 K+S AG (KPLUF) Overvalued in 2026?

Based on GuruFocus' analysis, K+S AG stock appears to be overvalued. The current stock price of $16.85 is trading 6.6% above its estimated GF Value™ of $15.80. GuruFocus considers K+S AG to be Fairly Valued.

Key valuation signals for KPLUF:

  • Cyclically Adjusted PB Ratio: 0.44 (31% below median its 10-year median of 0.64)
  • GF Value™: $15.80 vs. price of $16.85 (6.6% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 68.8% below the Agriculture median (#24 of 186)

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


K+S AG Business Description

Address Bertha-von-Suttner-Strasse 7, Kassel, DEU, 34131
K+S AG produces two products: fertilizer and salt. The company engaged in business with potash and magnesium products from plants in Germany and Canadian sites in Bethune, as well as the European salt activities. It also includes the waste disposal and recycling business in Germany. extraction and processing of raw materials.
73GF Score

Get the complete analysis for KPLUF

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

$16.85
Price
$15.80
GF Value