KPTCY (Kansai Paint Co) Cyclically Adjusted PB Ratio: 1.79 (As of Jul. 24, 2026) — 22% 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.

KPTCY Kansai Paint Co Ltd KPTCY
88 GF Score
Price $8.02
GF Value $8.14
! 6 Warning Signs
View Full Analysis

What is Kansai Paint Co Cyclically Adjusted PB Ratio?

Kansai Paint Co KPTCY 88 Cyclically Adjusted PB Ratio is 1.79 as of Jul. 24, 2026, which is 22% below its 10-year median of 2.29. GuruFocus rates KPTCY with a GF Score™ of 88/100 and a GF Value™ of $8.14. The stock has 6 warning signs investors should review. Among 1,273 Chemicals companies, Kansai Paint Co ranks worse than 57.03% on this metric.

As of today (2026-07-24), Kansai Paint Co's current share price is $8.02. Kansai Paint Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.48. Kansai Paint Co's Cyclically Adjusted PB Ratio for today is 1.79.

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

KPTCY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.52   Med: 2.29   Max: 3.88
Current: 2.04

During the past years, Kansai Paint Co's highest Cyclically Adjusted PB Ratio was 3.88. The lowest was 1.52. And the median was 2.29.

KPTCY's Cyclically Adjusted PB Ratio is ranked worse than
57.03% of 1273 companies
in the Chemicals industry
Industry Median: 1.66 vs KPTCY: 2.04

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.

Kansai Paint Co's adjusted book value per share data for the three months ended in Mar. 2026 was $5.370. 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 $4.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kansai Paint Co  (OTCPK:KPTCY) 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.


Kansai Paint Co Cyclically Adjusted PB Ratio Related Terms


Kansai Paint Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kansai Paint Co'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.

Kansai Paint Co Cyclically Adjusted PB Ratio Chart

Kansai Paint Co 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 1.98 1.66 1.87 1.72 1.79

Kansai Paint Co 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 1.72 1.57 1.89 1.91 1.79

KPTCY vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Kansai Paint Co'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.


Kansai Paint Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


KPTCY
88GF Score
Kansai Paint Co Ltd KPTCY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kansai Paint Co 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.

Kansai Paint Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.02/4.48
=1.79

* 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.

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

For example, Kansai Paint Co'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)
=5.37/112.7000*112.7000
=5.370

Current CPI (Mar. 2026) = 112.7000.

Kansai Paint Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.007 98.100 4.603
201609 4.203 98.000 4.833
201612 3.916 98.400 4.485
201703 4.359 98.100 5.008
201706 4.414 98.500 5.050
201709 4.685 98.800 5.344
201712 4.778 99.400 5.417
201803 5.064 99.200 5.753
201806 4.770 99.200 5.419
201809 4.692 99.900 5.293
201812 4.728 99.700 5.344
201903 4.724 99.700 5.340
201906 4.855 99.800 5.483
201909 4.917 100.100 5.536
201912 4.874 100.500 5.466
202003 4.857 100.300 5.457
202006 4.707 99.900 5.310
202009 4.861 99.900 5.484
202012 5.060 99.300 5.743
202103 5.133 99.900 5.791
202106 5.218 99.500 5.910
202109 5.389 100.100 6.067
202112 5.257 100.100 5.919
202203 5.253 101.100 5.856
202206 4.731 101.800 5.238
202209 4.436 103.100 4.849
202212 4.697 104.100 5.085
202303 4.753 104.400 5.131
202306 4.674 105.200 5.007
202309 4.781 106.200 5.074
202312 5.043 106.800 5.322
202403 4.958 107.200 5.212
202406 0.000 108.200 0.000
202409 5.257 108.900 5.440
202412 4.770 110.700 4.856
202503 5.128 111.100 5.202
202506 5.115 111.700 5.161
202509 5.211 112.000 5.244
202512 5.211 113.000 5.197
202603 5.370 112.700 5.370

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 1.79 mean?
Kansai Paint Co (KPTCY) has a Cyclically Adjusted PB Ratio of 1.79 as of Jul. 24, 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 Kansai Paint Co and its competitors. This is 22% below median its historical median of 2.29. Over the past decade, Kansai Paint Co's Cyclically Adjusted PB Ratio has ranged from 1.52 to 3.88. According to the industry distribution chart, Kansai Paint Co ranks #726 out of 1273 companies in the Chemicals industry, placing it in the top 57%.
Is Kansai Paint Co's Cyclically Adjusted PB Ratio too high?
Kansai Paint Co's current Cyclically Adjusted PB Ratio of 1.79 is 22% below median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 3.88. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.66. Kansai Paint Co's value of 1.79 is 7.8% above this industry median. Based on the distribution chart, Kansai Paint Co ranks #726 out of 1273 companies in the Chemicals industry, which is below the industry midpoint. Overall, Kansai Paint Co has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Kansai Paint Co's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Kansai Paint Co ranks #726 out of 1273 companies for Cyclically Adjusted PB Ratio. This places Kansai Paint Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.66. Kansai Paint Co's value of 1.79 is 7.8% above this benchmark. Historically, Kansai Paint Co's own Cyclically Adjusted PB Ratio has ranged from 1.52 to 3.88 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 1.66, Kansai Paint Co 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 1.66, based on 1,273 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. Kansai Paint Co's current Cyclically Adjusted PB Ratio of 1.79 is 7.8% 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 Kansai Paint Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kansai Paint Co's current Cyclically Adjusted PB Ratio is 1.79, which is 22% below median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kansai Paint Co stock overvalued right now?
Kansai Paint Co (KPTCY) has a current Cyclically Adjusted PB Ratio of 1.79. The stock's GF Value™ is $8.14, compared to a current price of $8.02 — trading 1.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.79, which is 22% below median its 10-year median of 2.29 and 7.8% above the Chemicals industry median of 1.66. Kansai Paint Co's overall GF Score™ is 88/100 with 6 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 Kansai Paint Co (KPTCY), the current Cyclically Adjusted PB Ratio is 1.79 as of Jul. 24, 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 Kansai Paint Co (KPTCY) Overvalued in 2026?

Based on GuruFocus' analysis, Kansai Paint Co stock appears to be undervalued. The current stock price of $8.02 is trading 1.5% below its estimated GF Value™ of $8.14.

Key valuation signals for KPTCY:

  • Cyclically Adjusted PB Ratio: 1.79 (22% below median its 10-year median of 2.29)
  • GF Value™: $8.14 vs. price of $8.02 (1.5% below fair value)
  • GF Score™: 88/100 with 6 warning signs
  • Industry Position: 7.8% above the Chemicals median (#726 of 1273)

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


Kansai Paint Co Business Description

Other Exchanges 4613:JapanKAP:Germany
Address 1-13-1 Umeda, 28th Floor, Osaka Umeda Twin Towers South, Kita-ku, Osaka, JPN, 530-0001
Kansai Paint Co Ltd manufactures and sells a variety of coatings and paint products. The company sells five primary types of products: automotive coatings, automotive refinish coatings, decorative coatings, protection coatings, and industrial coatings. The firm's automotive coatings include clear coat paints, top coat paints, and primers. The industrial coatings include paint and coatings for bridges, roads, storage tanks, power plants, and manufacturing facilities. It markets its products mainly to the automotive, marine, and construction industries.
88GF Score

Get the complete analysis for KPTCY

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

$8.02
Price
$8.14
GF Value