ABSA Bank Kenya (NAI:ABSA) Cyclically Adjusted PB Ratio: 2.71 (As of Aug. 06, 2026) — 102% Above Median

Author: Vera Yuan Vera Yuan
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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.

NAI:ABSA ABSA Bank Kenya PLC NAI:ABSA
77 GF Score
Price KES33.75
GF Value KES16.35
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ABSA Bank Kenya Cyclically Adjusted PB Ratio?

ABSA Bank Kenya NAI:ABSA +0.60% 77 Cyclically Adjusted PB Ratio is 2.71 as of Aug. 06, 2026, which is 102% above its 10-year median of 1.34. GuruFocus rates NAI:ABSA with a GF Score™ of 77/100 and a GF Value™ of KES16.35 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,286 Banks companies, ABSA Bank Kenya ranks worse than 89.35% on this metric.

As of today (2026-08-06), ABSA Bank Kenya's current share price is KES33.75. ABSA Bank Kenya's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was KES12.45. ABSA Bank Kenya's Cyclically Adjusted PB Ratio for today is 2.71.

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

NAI:ABSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.34   Max: 2.69
Current: 2.65

During the past years, ABSA Bank Kenya's highest Cyclically Adjusted PB Ratio was 2.69. The lowest was 1.04. And the median was 1.34.

NAI:ABSA's Cyclically Adjusted PB Ratio is ranked worse than
89.35% of 1286 companies
in the Banks industry
Industry Median: 1.28 vs NAI:ABSA: 2.65

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.

ABSA Bank Kenya's adjusted book value per share data for the three months ended in Mar. 2026 was KES19.532. 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 KES12.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ABSA Bank Kenya  (NAI:ABSA) 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.


ABSA Bank Kenya Cyclically Adjusted PB Ratio Related Terms


ABSA Bank Kenya Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ABSA Bank Kenya'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.

ABSA Bank Kenya Cyclically Adjusted PB Ratio Chart

ABSA Bank Kenya 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 1.31 1.13 1.65 2.06

ABSA Bank Kenya 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 1.69 1.67 1.82 2.06 2.29

ABSA Bank Kenya Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, ABSA Bank Kenya'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.


ABSA Bank Kenya Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, ABSA Bank Kenya's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NAI:ABSA
77GF Score
ABSA Bank Kenya PLC NAI:ABSA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ABSA Bank Kenya 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.

ABSA Bank Kenya's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.75/12.45
=2.71

* 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.

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

For example, ABSA Bank Kenya'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)
=19.532/330.2130*330.2130
=19.532

Current CPI (Mar. 2026) = 330.2130.

ABSA Bank Kenya Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.199 241.018 9.863
201609 7.634 241.428 10.441
201612 7.803 241.432 10.672
201703 8.109 243.801 10.983
201706 7.509 244.955 10.123
201709 7.832 246.819 10.478
201712 8.118 246.524 10.874
201803 8.145 249.554 10.778
201806 7.512 251.989 9.844
201809 7.858 252.439 10.279
201812 8.138 251.233 10.696
201903 8.145 254.202 10.581
201906 7.803 256.143 10.059
201909 8.100 256.759 10.417
201912 8.319 256.974 10.690
202003 7.785 258.115 9.960
202006 7.914 257.797 10.137
202009 8.215 260.280 10.422
202012 8.561 260.474 10.853
202103 8.957 264.877 11.166
202106 9.567 271.696 11.628
202109 10.056 274.310 12.105
202112 10.392 278.802 12.308
202203 10.889 287.504 12.507
202206 10.353 296.311 11.538
202209 11.094 296.808 12.343
202212 11.711 296.797 13.030
202303 12.515 301.836 13.692
202306 0.000 305.109 0.000
202309 12.025 307.789 12.901
202312 12.739 306.746 13.714
202403 13.813 312.332 14.604
202406 13.445 314.175 14.131
202409 14.236 315.301 14.909
202412 15.687 315.605 16.413
202503 17.039 319.799 17.594
202506 16.386 322.561 16.775
202509 17.372 324.800 17.662
202512 18.507 324.054 18.859
202603 19.532 330.213 19.532

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 2.71 mean?
ABSA Bank Kenya (NAI:ABSA) has a Cyclically Adjusted PB Ratio of 2.71 as of Aug. 06, 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 ABSA Bank Kenya and its competitors. This is 102% above median its historical median of 1.34. Over the past decade, ABSA Bank Kenya's Cyclically Adjusted PB Ratio has ranged from 1.04 to 2.69. According to the industry distribution chart, ABSA Bank Kenya ranks #1149 out of 1286 companies in the Banks industry, placing it in the top 89.3%.
Is ABSA Bank Kenya's Cyclically Adjusted PB Ratio too high?
ABSA Bank Kenya's current Cyclically Adjusted PB Ratio of 2.71 is 102% above median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 2.69. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. ABSA Bank Kenya's value of 2.71 is 111.7% above this industry median. Based on the distribution chart, ABSA Bank Kenya ranks #1149 out of 1286 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, ABSA Bank Kenya has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ABSA Bank Kenya's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, ABSA Bank Kenya ranks #1149 out of 1286 companies for Cyclically Adjusted PB Ratio. This places ABSA Bank Kenya in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. ABSA Bank Kenya's value of 2.71 is 111.7% above this benchmark. Historically, ABSA Bank Kenya's own Cyclically Adjusted PB Ratio has ranged from 1.04 to 2.69 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.28, ABSA Bank Kenya 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 1.28, 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. ABSA Bank Kenya's current Cyclically Adjusted PB Ratio of 2.71 is 111.7% 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 ABSA Bank Kenya and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ABSA Bank Kenya's current Cyclically Adjusted PB Ratio is 2.71, which is 102% above median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ABSA Bank Kenya stock overvalued right now?
Based on GuruFocus' analysis, ABSA Bank Kenya (NAI:ABSA) is currently considered Significantly Overvalued. The stock's GF Value™ is KES16.35, compared to a current price of KES33.75 — trading 106.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.71, which is 102% above median its 10-year median of 1.34 and 111.7% above the Banks industry median of 1.28. ABSA Bank Kenya's overall GF Score™ is 77/100 with 5 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 ABSA Bank Kenya (NAI:ABSA), the current Cyclically Adjusted PB Ratio is 2.71 as of Aug. 06, 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 ABSA Bank Kenya (NAI:ABSA) Overvalued in 2026?

Based on GuruFocus' analysis, ABSA Bank Kenya stock appears to be overvalued. The current stock price of KES33.75 is trading 106.4% above its estimated GF Value™ of KES16.35. GuruFocus considers ABSA Bank Kenya to be Significantly Overvalued.

Key valuation signals for NAI:ABSA:

  • Cyclically Adjusted PB Ratio: 2.71 (102% above median its 10-year median of 1.34)
  • GF Value™: KES16.35 vs. price of KES33.75 (106.4% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 111.7% above the Banks median (#1149 of 1286)

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


ABSA Bank Kenya Business Description

Address Waiyaki Way, P.O. Box 30120, Nairobi, KEN, 00100
ABSA Bank Kenya PLC is a diversified financial services company offering clients a range of retail, business, corporate and investment, and wealth management solutions. The company's operating segment includes Consumer banking and Corporate banking. It generates maximum revenue from the Consumer Banking segment. The Consumer Banking segment incorporates private customer current accounts, savings, deposits, credit and debit cards, consumer loans, and mortgages. Its Corporate Banking segment includes the business model that centers on delivering specialist investment banking, financing, risk management, and advisory solutions across asset classes to corporates, financial institutions and government clients.
77GF Score

Get the complete analysis for NAI:ABSA

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

KES33.75
Price
KES16.35
GF Value