KRTBF (Karelia Tobacco Co) Cyclically Adjusted PB Ratio: (As of Aug. 27, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

KRTBF Karelia Tobacco Co Inc SA KRTBF
76 GF Score
Price $300.00
GF Value $352.72
! 7 Warning Signs
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What is Karelia Tobacco Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Karelia Tobacco Co  (OTCPK:KRTBF) 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.


Karelia Tobacco Co Cyclically Adjusted PB Ratio Related Terms


Karelia Tobacco Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Karelia Tobacco 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.

Karelia Tobacco Co Cyclically Adjusted PB Ratio Chart

Karelia Tobacco Co 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 1.86 1.67 1.76 1.57 1.52

Karelia Tobacco 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 1.41 1.39 1.50 1.52 1.56

KRTBF vs PM, MO, TPB: Cyclically Adjusted PB Ratio Comparison

For the Tobacco subindustry, Karelia Tobacco 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.


Karelia Tobacco Co Cyclically Adjusted PB Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Karelia Tobacco Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KRTBF
76GF Score
Karelia Tobacco Co Inc SA KRTBF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Karelia Tobacco 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.

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

For example, Karelia Tobacco 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)
=373.595/124.8200*124.8200
=373.595

Current CPI (Mar. 2026) = 124.8200.

Karelia Tobacco Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 154.942 100.121 193.165
201609 151.299 99.878 189.082
201612 148.782 100.110 185.507
201703 158.098 100.770 195.830
201706 169.451 101.138 209.129
201709 175.234 100.882 216.816
201712 179.375 100.762 222.202
201803 193.495 100.534 240.237
201806 190.842 102.121 233.262
201809 186.899 101.982 228.754
201812 194.463 101.330 239.543
201903 199.724 101.482 245.654
201906 193.501 101.837 237.171
201909 197.828 101.906 242.311
201912 206.532 102.120 252.441
202003 213.618 101.479 262.753
202006 211.762 100.239 263.692
202009 227.142 99.886 283.843
202012 239.019 99.751 299.089
202103 244.000 99.817 305.118
202106 243.088 101.270 299.618
202109 247.935 102.095 303.122
202112 247.342 104.853 294.443
202203 249.736 108.651 286.900
202206 238.928 113.517 262.719
202209 234.222 114.371 255.621
202212 252.983 112.428 280.868
202303 263.604 113.620 289.589
202306 262.854 115.515 284.027
202309 270.095 116.234 290.046
202312 281.885 116.364 302.369
202403 292.555 117.285 311.351
202406 288.058 118.129 304.375
202409 305.439 119.650 318.637
202412 300.566 119.360 314.315
202503 318.612 120.133 331.044
202506 332.236 121.399 341.599
202509 351.995 121.950 360.279
202512 363.361 122.450 370.394
202603 373.595 124.820 373.595

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.

Is Karelia Tobacco Co (KRTBF) Overvalued in 2026?

Based on GuruFocus' analysis, Karelia Tobacco Co stock appears to be undervalued. The current stock price of $300.00 is trading 14.9% below its estimated GF Value™ of $352.72.

Key valuation signals for KRTBF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $352.72 vs. price of $300.00 (14.9% below fair value)
  • GF Score™: 76/100 with 7 warning signs

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


Karelia Tobacco Co Business Description

Other Exchanges KARE:GreeceDC5:Germany
Address Athinon Street, Kalamata, GRC, 24100
Karelia Tobacco Co Inc SA is in the business of manufacture, export, and wholesale of tobacco products such as cigarettes, cigars, hand-rolling cigarettes, and other duty-free tobacco products. The firm's flagship brands include George Karelias and Sons, Slims, Ome, Karelia Blue, and American Legend. Its geographical segment includes Greece and International. The company derives a majority of its revenue from the Greece segment.
76GF Score

Get the complete analysis for KRTBF

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

$300.00
Price
$352.72
GF Value