KSTUF (Kanematsu) Cyclically Adjusted PB Ratio: 2.18 (As of Aug. 18, 2026) — 55% Above Median

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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.

KSTUF Kanematsu Corp KSTUF
78 GF Score
Price $14.43
GF Value $9.47
! 2 Warning Signs
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What is Kanematsu Cyclically Adjusted PB Ratio?

Kanematsu KSTUF -17.96% 78 Cyclically Adjusted PB Ratio is 2.18 as of Aug. 18, 2026, which is 55% above its 10-year median of 1.41. GuruFocus rates KSTUF with a GF Score™ of 78/100 and a GF Value™ of $9.47. The stock has 2 warning signs investors should review. Among 450 Conglomerates companies, Kanematsu ranks worse than 77.56% on this metric.

As of today (2026-08-18), Kanematsu's current share price is $14.43. Kanematsu's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $6.61. Kanematsu's Cyclically Adjusted PB Ratio for today is 2.18.

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

KSTUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 1.41   Max: 2.72
Current: 2.31

During the past years, Kanematsu's highest Cyclically Adjusted PB Ratio was 2.72. The lowest was 1.00. And the median was 1.41.

KSTUF's Cyclically Adjusted PB Ratio is ranked worse than
77.56% of 450 companies
in the Conglomerates industry
Industry Median: 1.025 vs KSTUF: 2.31

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.

Kanematsu's adjusted book value per share data for the three months ended in Jun. 2026 was $7.964. 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 $6.61 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kanematsu  (OTCPK:KSTUF) 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.


Kanematsu Cyclically Adjusted PB Ratio Related Terms


Kanematsu Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kanematsu'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.

Kanematsu Cyclically Adjusted PB Ratio Chart

Kanematsu 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 1.07 1.15 1.66 1.48 2.40

Kanematsu 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 1.58 1.76 1.99 2.40 2.18

KSTUF vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Kanematsu'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.


Kanematsu Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kanematsu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KSTUF
78GF Score
Kanematsu Corp KSTUF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kanematsu 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.

Kanematsu's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.43/6.61
=2.18

* 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.

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

For example, Kanematsu'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)
=7.964/113.6000*113.6000
=7.964

Current CPI (Jun. 2026) = 113.6000.

Kanematsu Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.289 98.000 6.131
201612 5.168 98.400 5.966
201703 5.291 98.100 6.127
201706 5.565 98.500 6.418
201709 5.865 98.800 6.744
201712 6.076 99.400 6.944
201803 6.503 99.200 7.447
201806 6.387 99.200 7.314
201809 6.507 99.900 7.399
201812 6.311 99.700 7.191
201903 6.753 99.700 7.694
201906 6.885 99.800 7.837
201909 7.174 100.100 8.142
201912 7.161 100.500 8.094
202003 7.282 100.300 8.248
202006 7.296 99.900 8.297
202009 7.629 99.900 8.675
202012 7.802 99.300 8.926
202103 7.934 99.900 9.022
202106 7.828 99.500 8.937
202109 8.111 100.100 9.205
202112 7.992 100.100 9.070
202203 8.059 101.100 9.055
202206 7.552 101.800 8.427
202209 7.326 103.100 8.072
202212 7.561 104.100 8.251
202303 5.760 104.400 6.268
202306 5.805 105.200 6.269
202309 5.944 106.200 6.358
202312 5.968 106.800 6.348
202403 6.363 107.200 6.743
202406 0.000 108.200 0.000
202409 7.044 108.900 7.348
202412 6.762 110.700 6.939
202503 7.025 111.100 7.183
202506 7.419 111.700 7.545
202509 7.731 112.000 7.841
202512 7.643 113.000 7.684
202603 7.892 112.700 7.955
202606 7.964 113.600 7.964

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 2.18 mean?
Kanematsu (KSTUF) has a Cyclically Adjusted PB Ratio of 2.18 as of Aug. 18, 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 Kanematsu and its competitors. This is 55% above median its historical median of 1.41. Over the past decade, Kanematsu's Cyclically Adjusted PB Ratio has ranged from 1.00 to 2.72. According to the industry distribution chart, Kanematsu ranks #349 out of 450 companies in the Conglomerates industry, placing it in the top 77.6%.
Is Kanematsu's Cyclically Adjusted PB Ratio too high?
Kanematsu's current Cyclically Adjusted PB Ratio of 2.18 is 55% above median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 2.72. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.03. Kanematsu's value of 2.18 is 112.7% above this industry median. Based on the distribution chart, Kanematsu ranks #349 out of 450 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Kanematsu has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Kanematsu's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Kanematsu ranks #349 out of 450 companies for Cyclically Adjusted PB Ratio. This places Kanematsu in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.03. Kanematsu's value of 2.18 is 112.7% above this benchmark. Historically, Kanematsu's own Cyclically Adjusted PB Ratio has ranged from 1.00 to 2.72 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.03, Kanematsu 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.03, based on 450 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. Kanematsu's current Cyclically Adjusted PB Ratio of 2.18 is 112.7% 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 Kanematsu and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanematsu's current Cyclically Adjusted PB Ratio is 2.18, which is 55% above median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanematsu stock overvalued right now?
Kanematsu (KSTUF) has a current Cyclically Adjusted PB Ratio of 2.18. The stock's GF Value™ is $9.47, compared to a current price of $14.43 — trading 52.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.18, which is 55% above median its 10-year median of 1.41 and 112.7% above the Conglomerates industry median of 1.03. Kanematsu's overall GF Score™ is 78/100 with 2 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 Kanematsu (KSTUF), the current Cyclically Adjusted PB Ratio is 2.18 as of Aug. 18, 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 Kanematsu (KSTUF) Overvalued in 2026?

Based on GuruFocus' analysis, Kanematsu stock appears to be overvalued. The current stock price of $14.43 is trading 52.4% above its estimated GF Value™ of $9.47.

Key valuation signals for KSTUF:

  • Cyclically Adjusted PB Ratio: 2.18 (55% above median its 10-year median of 1.41)
  • GF Value™: $9.47 vs. price of $14.43 (52.4% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 112.7% above the Conglomerates median (#349 of 450)

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


Kanematsu Business Description

Other Exchanges 8020:JapanS3K:Germany
Address 2-1 Shibaura 1-chome, Minato-ku, Tokyo, JPN, 105-8005
Kanematsu Corp is a provider of products and services to various operations including Electronics and Devices, Foods and Grain, Steel, Materials and Plant, and Motor Vehicles and Aerospace. Its products portfolio under Electronics and Devices includes semiconductor equipment, industrial electronics, mobile, electronics components and materials; Food and Grains include foods, meat, and marine products, grain, feedstuff; Steel, Materials and Plant include steel, functional chemicals and energy, plants; and Motor Vehicles and Aerospace include motor vehicles and parts and aerospace.
78GF Score

Get the complete analysis for KSTUF

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

$14.43
Price
$9.47
GF Value