KTB (Kontoor Brands) Cyclically Adjusted PB Ratio: 6.49 (As of Aug. 09, 2026) — 16% Above 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.

KTB Kontoor Brands Inc KTB
86 GF Score
Price $77.05
GF Value $81.04
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Kontoor Brands Cyclically Adjusted PB Ratio?

Kontoor Brands KTB -2.22% 86 Cyclically Adjusted PB Ratio is 6.49 as of Aug. 09, 2026, which is 16% above its 10-year median of 5.60. GuruFocus rates KTB with a GF Score™ of 86/100 and a GF Value™ of $81.04 (Fairly Valued). The stock has 3 warning signs investors should review. Among 842 Manufacturing - Apparel & Accessories companies, Kontoor Brands ranks worse than 93.82% on this metric.

As of today (2026-08-09), Kontoor Brands's current share price is $77.05. Kontoor Brands's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $11.87. Kontoor Brands's Cyclically Adjusted PB Ratio for today is 6.49.

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

KTB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.87   Med: 5.6   Max: 6.49
Current: 6.49

During the past 10 years, Kontoor Brands's highest Cyclically Adjusted PB Ratio was 6.49. The lowest was 4.87. And the median was 5.60.

KTB's Cyclically Adjusted PB Ratio is ranked worse than
93.82% of 842 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.985 vs KTB: 6.49

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.

Kontoor Brands's adjusted book value per share data of for the fiscal year that ended in Dec25 was $10.226. 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 $11.87 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kontoor Brands  (NYSE:KTB) 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.


Kontoor Brands Cyclically Adjusted PB Ratio Related Terms


Kontoor Brands Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kontoor Brands'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.

Kontoor Brands Cyclically Adjusted PB Ratio Chart

Kontoor Brands 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 0.00 0.00 0.00 0.00 5.15

Kontoor Brands 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 0.00 0.00 0.00 5.15 0.00

KTB vs ZGN, PVH, COLM: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Kontoor Brands'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.


Kontoor Brands Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kontoor Brands's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KTB
86GF Score
Kontoor Brands Inc KTB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kontoor Brands 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.

Kontoor Brands's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=77.05/11.87
=6.49

* 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.

Kontoor Brands's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Kontoor Brands's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=10.226/324.0540*324.0540
=10.226

Current CPI (Dec25) = 324.0540.

Kontoor Brands Annual Data

Book Value per Share CPI Adj_Book
201612 0.000 241.432 0.000
201712 23.974 246.524 31.514
201812 30.428 251.233 39.248
201912 1.219 256.974 1.537
202012 1.478 260.474 1.839
202112 2.627 278.802 3.053
202212 4.517 296.797 4.932
202312 6.675 306.746 7.052
202412 7.233 315.605 7.427
202512 10.226 324.054 10.226

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 6.49 mean?
Kontoor Brands (KTB) has a Cyclically Adjusted PB Ratio of 6.49 as of Aug. 09, 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 Kontoor Brands and its competitors. This is 16% above median its historical median of 5.60. Over the past decade, Kontoor Brands' Cyclically Adjusted PB Ratio has ranged from 4.87 to 6.49. According to the industry distribution chart, Kontoor Brands ranks #790 out of 842 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 93.8%.
Is Kontoor Brands' Cyclically Adjusted PB Ratio too high?
Kontoor Brands' current Cyclically Adjusted PB Ratio of 6.49 is 16% above median its 10-year median of 5.60. Over the past 10 years, this metric has ranged from a low of 4.87 to a high of 6.49. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.99. Kontoor Brands' value of 6.49 is 558.9% above this industry median. Based on the distribution chart, Kontoor Brands ranks #790 out of 842 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Kontoor Brands has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kontoor Brands' Cyclically Adjusted PB Ratio compare to ZGN and PVH?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kontoor Brands ranks #790 out of 842 companies for Cyclically Adjusted PB Ratio. This places Kontoor Brands in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. Kontoor Brands' value of 6.49 is 558.9% above this benchmark. Historically, Kontoor Brands' own Cyclically Adjusted PB Ratio has ranged from 4.87 to 6.49 over the past decade. While the company's 10-year median is 5.60 vs. the industry median of 0.99, Kontoor Brands 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.99, based on 842 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. Kontoor Brands's current Cyclically Adjusted PB Ratio of 6.49 is 558.9% 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 Kontoor Brands and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kontoor Brands's current Cyclically Adjusted PB Ratio is 6.49, which is 16% above median its own 10-year median of 5.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kontoor Brands stock overvalued right now?
Based on GuruFocus' analysis, Kontoor Brands (KTB) is currently considered Fairly Valued. The stock's GF Value™ is $81.04, compared to a current price of $77.05 — trading 4.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.49, which is 16% above median its 10-year median of 5.60 and 558.9% above the Manufacturing - Apparel & Accessories industry median of 0.99. Kontoor Brands' overall GF Score™ is 86/100 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 Kontoor Brands (KTB), the current Cyclically Adjusted PB Ratio is 6.49 as of Aug. 09, 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 Kontoor Brands (KTB) Overvalued in 2026?

Based on GuruFocus' analysis, Kontoor Brands stock appears to be undervalued. The current stock price of $77.05 is trading 4.9% below its estimated GF Value™ of $81.04. GuruFocus considers Kontoor Brands to be Fairly Valued.

Key valuation signals for KTB:

  • Cyclically Adjusted PB Ratio: 6.49 (16% above median its 10-year median of 5.60)
  • GF Value™: $81.04 vs. price of $77.05 (4.9% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 558.9% above the Manufacturing - Apparel & Accessories median (#790 of 842)

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


Kontoor Brands Business Description

Other Exchanges 3KO:Germany
Address 400 N. Elm Street, Greensboro, NC, USA, 27401
Kontoor Brands Inc is a lifestyle apparel company. It designs, manufactures, procures, sells, and licenses apparel, footwear, and accessories, mainly under the brand names Wrangler, Lee, Helly Hansen, and a few other brands. The company also licenses the use of its brands in certain regions. Its products are sold through wholesale and direct-to-consumer channels in the United States (its key revenue-generating market) and internationally, mainly in Europe, Middle East and Africa (EMEA), Asia-Pacific (APAC), and Non-U.S. Americas regions. The company's three reportable segments are Wrangler, Lee, and Helly Hansen. The majority of its revenue is generated from the Wrangler segment, which offers denim, apparel, footwear, and accessories through Wrangler and various sub-brands.
86GF Score

Get the complete analysis for KTB

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

$77.05
Price
$81.04
GF Value