KBC Groupe NV (MEX:KBC1 N) Cyclically Adjusted PB Ratio: 1.92 (As of Aug. 15, 2026) — 48% Above Median

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MEX:KBC1 N KBC Groupe NV MEX:KBC1 N
58 GF Score
Price MXN2,335.24
GF Value MXN1,626.60
! 6 Warning Signs
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What is KBC Groupe NV Cyclically Adjusted PB Ratio?

KBC Groupe NV MEX:KBC1 N 58 Cyclically Adjusted PB Ratio is 1.92 as of Aug. 15, 2026, which is 48% above its 10-year median of 1.30. GuruFocus rates MEX:KBC1 N with a GF Score™ of 58/100 and a GF Value™ of MXN1,626.60. The stock has 6 warning signs investors should review. Among 1,286 Banks companies, KBC Groupe NV ranks worse than 81.26% on this metric.

As of today (2026-08-15), KBC Groupe NV's current share price is MXN2335.24. KBC Groupe NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN1,218.91. KBC Groupe NV's Cyclically Adjusted PB Ratio for today is 1.92.

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

MEX:KBC1 N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.3   Max: 2.09
Current: 2.09

During the past years, KBC Groupe NV's highest Cyclically Adjusted PB Ratio was 2.09. The lowest was 0.88. And the median was 1.30.

MEX:KBC1 N's Cyclically Adjusted PB Ratio is ranked worse than
81.26% of 1286 companies
in the Banks industry
Industry Median: 1.29 vs MEX:KBC1 N: 2.09

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.

KBC Groupe NV's adjusted book value per share data for the three months ended in Jun. 2026 was MXN1,419.910. 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 MXN1,218.91 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KBC Groupe NV  (MEX:KBC1 N) 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.


KBC Groupe NV Cyclically Adjusted PB Ratio Related Terms


KBC Groupe NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KBC Groupe NV'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.

KBC Groupe NV Cyclically Adjusted PB Ratio Chart

KBC Groupe NV 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 1.55 1.13 1.07 1.30 1.86

KBC Groupe NV 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 1.50 1.72 1.86 1.71 1.92

MEX:KBC1 N vs PNC, USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, KBC Groupe NV'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.


KBC Groupe NV Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, KBC Groupe NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:KBC1 N
58GF Score
KBC Groupe NV MEX:KBC1 N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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KBC Groupe NV 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.

KBC Groupe NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2335.24/1218.91
=1.92

* 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.

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

For example, KBC Groupe NV'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)
=1419.91/138.0500*138.0500
=1,419.910

Current CPI (Jun. 2026) = 138.0500.

KBC Groupe NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 858.201 102.118 1,160.169
201612 902.255 102.614 1,213.835
201703 861.841 103.972 1,144.322
201706 877.051 103.902 1,165.296
201709 951.615 104.170 1,261.117
201712 1,044.170 104.804 1,375.401
201803 991.244 105.419 1,298.075
201806 1,048.964 106.063 1,365.318
201809 1,011.737 106.618 1,310.009
201812 1,053.910 107.252 1,356.545
201903 1,023.157 107.876 1,309.339
201906 1,006.660 107.896 1,287.992
201909 1,023.282 107.470 1,314.450
201912 1,017.791 108.065 1,300.203
202003 1,227.250 108.550 1,560.768
202006 1,261.742 108.540 1,604.780
202009 1,305.085 108.441 1,661.424
202012 1,250.473 108.511 1,590.883
202103 1,300.430 109.522 1,639.169
202106 1,329.538 110.305 1,663.964
202109 1,369.888 111.543 1,695.423
202112 1,283.187 114.705 1,544.347
202203 1,215.604 118.620 1,414.726
202206 1,032.497 120.948 1,178.488
202209 957.107 124.120 1,064.525
202212 1,080.181 126.578 1,178.084
202303 1,070.575 126.528 1,168.064
202306 1,017.565 125.973 1,115.118
202309 1,070.797 127.083 1,163.204
202312 1,099.341 128.292 1,182.956
202403 1,069.276 130.552 1,130.690
202406 1,135.317 130.691 1,199.249
202409 1,284.679 130.968 1,354.147
202412 1,338.899 132.346 1,396.609
202503 1,404.888 134.348 1,443.605
202506 1,434.944 133.495 1,483.904
202509 1,463.641 133.740 1,510.809
202512 1,483.173 135.070 1,515.896
202603 1,480.644 136.560 1,496.799
202606 1,419.910 138.050 1,419.910

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 1.92 mean?
KBC Groupe NV (MEX:KBC1 N) has a Cyclically Adjusted PB Ratio of 1.92 as of Aug. 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 KBC Groupe NV and its competitors. This is 48% above median its historical median of 1.30. Over the past decade, KBC Groupe NV's Cyclically Adjusted PB Ratio has ranged from 0.88 to 2.09. According to the industry distribution chart, KBC Groupe NV ranks #1045 out of 1286 companies in the Banks industry, placing it in the top 81.3%.
Is KBC Groupe NV's Cyclically Adjusted PB Ratio too high?
KBC Groupe NV's current Cyclically Adjusted PB Ratio of 1.92 is 48% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 2.09. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. KBC Groupe NV's value of 1.92 is 48.8% above this industry median. Based on the distribution chart, KBC Groupe NV ranks #1045 out of 1286 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, KBC Groupe NV has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does KBC Groupe NV's Cyclically Adjusted PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, KBC Groupe NV ranks #1045 out of 1286 companies for Cyclically Adjusted PB Ratio. This places KBC Groupe NV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. KBC Groupe NV's value of 1.92 is 48.8% above this benchmark. Historically, KBC Groupe NV's own Cyclically Adjusted PB Ratio has ranged from 0.88 to 2.09 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.29, KBC Groupe NV 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,286 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. KBC Groupe NV's current Cyclically Adjusted PB Ratio of 1.92 is 48.8% 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 KBC Groupe NV and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KBC Groupe NV's current Cyclically Adjusted PB Ratio is 1.92, which is 48% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KBC Groupe NV stock overvalued right now?
KBC Groupe NV (MEX:KBC1 N) has a current Cyclically Adjusted PB Ratio of 1.92. The stock's GF Value™ is MXN1,626.60, compared to a current price of MXN2,335.24 — trading 43.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.92, which is 48% above median its 10-year median of 1.30 and 48.8% above the Banks industry median of 1.29. KBC Groupe NV's overall GF Score™ is 58/100 with 6 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 KBC Groupe NV (MEX:KBC1 N), the current Cyclically Adjusted PB Ratio is 1.92 as of Aug. 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 KBC Groupe NV (MEX:KBC1 N) Overvalued in 2026?

Based on GuruFocus' analysis, KBC Groupe NV stock appears to be overvalued. The current stock price of MXN2,335.24 is trading 43.6% above its estimated GF Value™ of MXN1,626.60.

Key valuation signals for MEX:KBC1 N:

  • Cyclically Adjusted PB Ratio: 1.92 (48% above median its 10-year median of 1.30)
  • GF Value™: MXN1,626.60 vs. price of MXN2,335.24 (43.6% above fair value)
  • GF Score™: 58/100 with 6 warning signs
  • Industry Position: 48.8% above the Banks median (#1045 of 1286)

No single metric tells the full story. See the MEX:KBC1 N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KBC Groupe NV Business Description

Address Havenlaan 2, Brussels, BEL, 1080
KBC was formed in 1998 by the merger of Belgian commercial bank Kredietbank, cooperative farmers bank CERA Bank, and cooperative insurer ABB Verzekering. KBC offers banking, insurance, and investment products. Belgium and the Czech Republic account for most of KBC's profits, while the bank has smaller operations in Hungary, Slovakia, and Bulgaria.
58GF Score

Get the complete analysis for MEX:KBC1 N

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

MXN2,335.24
Price
MXN1,626.60
GF Value