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KONE OyjLTS:0II2 -0.74%79 Cyclically Adjusted PB Ratio is 8.71 as of Jul. 15, 2026, which is 21% below its 10-year median of 11.00. GuruFocus rates LTS:0II2 with a GF Score™ of 79/100 and a GF Value™ of €51.62 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,292 Industrial Products companies, KONE Oyj ranks worse than 88.66% on this metric.
The historical rank and industry rank for KONE Oyj's Cyclically Adjusted PB Ratio or its related term are showing as below:
LTS:0II2'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.99 Med: 11 Max: 17.26
Current: 8.69
During the past years, KONE Oyj's highest Cyclically Adjusted PB Ratio was 17.26. The lowest was 6.99. And the median was 11.00.
LTS:0II2's Cyclically Adjusted PB Ratio is ranked worse than 88.66% of 2292
companies
in the Industrial Products industry
Industry Median: 2.21
vs LTS:0II2: 8.69
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.
KONE Oyj's adjusted book value per share data for the three months ended in Mar. 2026 was €4.057. 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 €5.68 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
KONE Oyj (LTS:0II2) 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.
KONE Oyj Cyclically Adjusted PB Ratio Related Terms
KONE Oyj Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for KONE Oyj'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.
LTS:0II2 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison
For the Specialty Industrial Machinery subindustry, KONE Oyj'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.
KONE Oyj Cyclically Adjusted PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, KONE Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where KONE Oyj's Cyclically Adjusted PB Ratio falls into.
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.
KONE Oyj's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 8.71 mean?
KONE Oyj (LTS:0II2) has a Cyclically Adjusted PB Ratio of 8.71 as of Jul. 15, 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 KONE Oyj and its competitors. This is 21% below median its historical median of 11.00. Over the past decade, KONE Oyj's Cyclically Adjusted PB Ratio has ranged from 6.99 to 17.26. According to the industry distribution chart, KONE Oyj ranks #2032 out of 2292 companies in the Industrial Products industry, placing it in the top 88.7%.
Is KONE Oyj's Cyclically Adjusted PB Ratio too high?
KONE Oyj's current Cyclically Adjusted PB Ratio of 8.71 is 21% below median its 10-year median of 11.00. Over the past 10 years, this metric has ranged from a low of 6.99 to a high of 17.26. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.21. KONE Oyj's value of 8.71 is 294.1% above this industry median. Based on the distribution chart, KONE Oyj ranks #2032 out of 2292 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, KONE Oyj has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KONE Oyj's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, KONE Oyj ranks #2032 out of 2292 companies for Cyclically Adjusted PB Ratio. This places KONE Oyj in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.21. KONE Oyj's value of 8.71 is 294.1% above this benchmark. Historically, KONE Oyj's own Cyclically Adjusted PB Ratio has ranged from 6.99 to 17.26 over the past decade. While the company's 10-year median is 11.00 vs. the industry median of 2.21, KONE Oyj 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.21, based on 2,292 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. KONE Oyj's current Cyclically Adjusted PB Ratio of 8.71 is 294.1% 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 KONE Oyj and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KONE Oyj's current Cyclically Adjusted PB Ratio is 8.71, which is 21% below median its own 10-year median of 11.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KONE Oyj stock overvalued right now?
Based on GuruFocus' analysis, KONE Oyj (LTS:0II2) is currently considered Fairly Valued. The stock's GF Value™ is €51.62, compared to a current price of €49.50 — trading 4.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.71, which is 21% below median its 10-year median of 11.00 and 294.1% above the Industrial Products industry median of 2.21. KONE Oyj's overall GF Score™ is 79/100 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 KONE Oyj (LTS:0II2), the current Cyclically Adjusted PB Ratio is 8.71 as of Jul. 15, 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 KONE Oyj (LTS:0II2) Overvalued in 2026?
Based on GuruFocus' analysis, KONE Oyj stock appears to be undervalued.
The current stock price of €49.50 is trading 4.1% below its estimated GF Value™ of €51.62.
GuruFocus considers KONE Oyj to be Fairly Valued.
Key valuation signals for LTS:0II2:
Cyclically Adjusted PB Ratio: 8.71 (21% below median its 10-year median of 11.00)
GF Value™: €51.62 vs. price of €49.50 (4.1% below fair value)
Industry Position: 294.1% above the Industrial Products median (#2032 of 2292)
No single metric tells the full story. See the LTS:0II2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to closest competitors Otis, Schindler, and TK Elevator.
79GF Score
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