Kloeckner SE (LTS:0KVR) Cyclically Adjusted PB Ratio: 0.73 (As of Jul. 23, 2026) — 49% Above Median

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LTS:0KVR Kloeckner & Co SE LTS:0KVR
57 GF Score
Price €12.33
GF Value €6.01
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Kloeckner SE Cyclically Adjusted PB Ratio?

Kloeckner SE LTS:0KVR +0.16% 57 Cyclically Adjusted PB Ratio is 0.73 as of Jul. 23, 2026, which is 49% above its 10-year median of 0.49. GuruFocus rates LTS:0KVR with a GF Score™ of 57/100 and a GF Value™ of €6.01 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 514 Steel companies, Kloeckner SE ranks better than 58.17% on this metric.

As of today (2026-07-23), Kloeckner SE's current share price is €12.33. Kloeckner SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €16.88. Kloeckner SE's Cyclically Adjusted PB Ratio for today is 0.73.

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

LTS:0KVR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.49   Max: 0.93
Current: 0.73

During the past years, Kloeckner SE's highest Cyclically Adjusted PB Ratio was 0.93. The lowest was 0.20. And the median was 0.49.

LTS:0KVR's Cyclically Adjusted PB Ratio is ranked better than
58.17% of 514 companies
in the Steel industry
Industry Median: 0.94 vs LTS:0KVR: 0.73

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.

Kloeckner SE's adjusted book value per share data for the three months ended in Mar. 2026 was €16.451. 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 €16.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kloeckner SE  (LTS:0KVR) 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.


Kloeckner SE Cyclically Adjusted PB Ratio Related Terms


Kloeckner SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kloeckner SE'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.

Kloeckner SE Cyclically Adjusted PB Ratio Chart

Kloeckner SE 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 0.75 0.60 0.43 0.27 0.49

Kloeckner SE 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 0.45 0.36 0.35 0.49 0.72

LTS:0KVR vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Kloeckner SE'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.


Kloeckner SE Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Kloeckner SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0KVR
57GF Score
Kloeckner & Co SE LTS:0KVR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kloeckner SE 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.

Kloeckner SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.33/16.88
=0.73

* 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.

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

For example, Kloeckner SE'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)
=16.451/131.2583*131.2583
=16.451

Current CPI (Mar. 2026) = 131.2583.

Kloeckner SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.420 100.717 13.580
201609 10.707 101.017 13.912
201612 11.421 101.217 14.811
201703 11.793 101.417 15.263
201706 11.878 102.117 15.268
201709 11.835 102.717 15.123
201712 11.991 102.617 15.338
201803 12.282 102.917 15.664
201806 12.636 104.017 15.945
201809 13.158 104.718 16.493
201812 12.786 104.217 16.104
201903 12.553 104.217 15.810
201906 12.403 105.718 15.399
201909 12.205 106.018 15.111
201912 11.785 105.818 14.618
202003 12.069 105.718 14.985
202006 10.432 106.618 12.843
202009 10.163 105.818 12.606
202012 10.386 105.518 12.920
202103 11.646 107.518 14.217
202106 14.023 108.486 16.967
202109 16.188 109.435 19.416
202112 18.162 110.384 21.597
202203 19.483 113.968 22.439
202206 20.609 115.760 23.368
202209 21.100 118.818 23.309
202212 19.613 119.345 21.571
202303 19.372 122.402 20.774
202306 19.212 123.140 20.479
202309 19.459 124.195 20.566
202312 17.521 123.773 18.581
202403 17.246 125.038 18.104
202406 17.172 125.882 17.905
202409 17.075 126.198 17.760
202412 17.180 127.041 17.750
202503 15.885 127.779 16.318
202506 15.099 128.412 15.434
202509 15.240 129.255 15.476
202512 15.799 129.361 16.031
202603 16.451 131.258 16.451

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 0.73 mean?
Kloeckner SE (LTS:0KVR) has a Cyclically Adjusted PB Ratio of 0.73 as of Jul. 23, 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 Kloeckner SE and its competitors. This is 49% above median its historical median of 0.49. Over the past decade, Kloeckner SE's Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.93. According to the industry distribution chart, Kloeckner SE ranks #215 out of 514 companies in the Steel industry, placing it in the top 41.8%.
Is Kloeckner SE's Cyclically Adjusted PB Ratio too high?
Kloeckner SE's current Cyclically Adjusted PB Ratio of 0.73 is 49% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.93. The Steel industry median Cyclically Adjusted PB Ratio is 0.94. Kloeckner SE's value of 0.73 is 22.3% below this industry median. Based on the distribution chart, Kloeckner SE ranks #215 out of 514 companies in the Steel industry, which is above the industry midpoint. Overall, Kloeckner SE has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kloeckner SE's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Kloeckner SE ranks #215 out of 514 companies for Cyclically Adjusted PB Ratio. This puts Kloeckner SE in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.94. Kloeckner SE's value of 0.73 is 22.3% below this benchmark. Historically, Kloeckner SE's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.93 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.94, Kloeckner SE has consistently been below 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.94, based on 514 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. Kloeckner SE's current Cyclically Adjusted PB Ratio of 0.73 is 22.3% below 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 Kloeckner SE and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kloeckner SE's current Cyclically Adjusted PB Ratio is 0.73, which is 49% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kloeckner SE stock overvalued right now?
Based on GuruFocus' analysis, Kloeckner SE (LTS:0KVR) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.01, compared to a current price of €12.33 — trading 105.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.73, which is 49% above median its 10-year median of 0.49 and 22.3% below the Steel industry median of 0.94. Kloeckner SE's overall GF Score™ is 57/100 with 8 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 Kloeckner SE (LTS:0KVR), the current Cyclically Adjusted PB Ratio is 0.73 as of Jul. 23, 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 Kloeckner SE (LTS:0KVR) Overvalued in 2026?

Based on GuruFocus' analysis, Kloeckner SE stock appears to be overvalued. The current stock price of €12.33 is trading 105.2% above its estimated GF Value™ of €6.01. GuruFocus considers Kloeckner SE to be Significantly Overvalued.

Key valuation signals for LTS:0KVR:

  • Cyclically Adjusted PB Ratio: 0.73 (49% above median its 10-year median of 0.49)
  • GF Value™: €6.01 vs. price of €12.33 (105.2% above fair value)
  • GF Score™: 57/100 with 8 warning signs
  • Industry Position: 22.3% below the Steel median (#215 of 514)

No single metric tells the full story. See the LTS:0KVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kloeckner SE Business Description

Other Exchanges KLKNF:USAKCOd:UKKCO:Germany
Address Peter-Muller-Street 24, Dusseldorf, DEU, D-40468
Kloeckner & Co SE is a German-based steel and metal distributor, as well as an operator of steel service centers. It acts as a connecting link between steel producers and consumers. It provides customers with an optimized, end-to-end solution from procurement through logistics to prefabrication, including individual delivery and 24-hour service. It caters to industries like construction, consumer goods, metal transforming, transportation, machinery manufacturing, mechanical engineering, and others. The company has three operating segments: Kloeckner Metals Americas, and Kloeckner Metals Europe.
57GF Score

Get the complete analysis for LTS:0KVR

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

€12.33
Price
€6.01
GF Value