KSE (NSE:KSE) Cyclically Adjusted PB Ratio: (As of Aug. 26, 2026)

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.
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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.

NSE:KSE KSE Ltd NSE:KSE
57 GF Score
Price ₹175.94
GF Value ₹216.27
Valuation Modestly Undervalued
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What is KSE Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


KSE  (NSE:KSE) 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.


KSE Cyclically Adjusted PB Ratio Related Terms


KSE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KSE'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.

KSE Cyclically Adjusted PB Ratio Chart

KSE Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.90 3.30 2.87 3.09 2.44

KSE 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 0.00 3.63 0.00 2.44 0.00

NSE:KSE vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, KSE'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.


KSE Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, KSE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSE:KSE
57GF Score
KSE Ltd NSE:KSE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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KSE 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.

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

For example, KSE'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)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

KSE Quarterly Data

Book Value per Share CPI Adj_Book
201609 21.842 105.961 34.498
201612 0.000 105.196 0.000
201703 27.063 105.196 43.055
201706 0.000 107.109 0.000
201709 31.851 109.021 48.894
201712 0.000 109.404 0.000
201803 44.935 109.786 68.498
201806 0.000 111.317 0.000
201809 45.055 115.142 65.487
201812 0.000 115.142 0.000
201903 40.554 118.202 57.419
201906 0.000 120.880 0.000
201909 35.715 123.175 48.526
201912 0.000 126.235 0.000
202003 44.386 124.705 59.567
202006 0.000 127.000 0.000
202009 58.861 130.118 75.707
202012 0.000 130.889 0.000
202103 75.964 131.771 96.479
202106 0.000 134.084 0.000
202109 67.799 135.847 83.525
202112 0.000 138.161 0.000
202203 69.619 138.822 83.930
202206 0.000 142.347 0.000
202209 68.112 144.661 78.798
202212 0.000 145.763 0.000
202303 66.891 146.865 76.225
202306 0.000 150.280 0.000
202309 63.693 151.492 70.363
202312 0.000 152.924 0.000
202403 70.262 153.035 76.838
202406 0.000 155.789 0.000
202409 77.856 157.882 82.528
202412 0.000 158.323 0.000
202503 92.733 157.552 98.504
202506 0.000 159.755 0.000
202509 109.860 162.289 113.291
202512 0.000 163.281 0.000
202603 109.219 164.272 111.270
202606 0.000 167.357 0.000

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.

Is KSE (NSE:KSE) Overvalued in 2026?

Based on GuruFocus' analysis, KSE stock appears to be undervalued. The current stock price of ₹175.94 is trading 18.6% below its estimated GF Value™ of ₹216.27. GuruFocus considers KSE to be Modestly Undervalued.

Key valuation signals for NSE:KSE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹216.27 vs. price of ₹175.94 (18.6% below fair value)
  • GF Score™: 57/100

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


KSE Business Description

Other Exchanges 519421:India
Address Solvent Road, No. 27/277, Post Box No. 20, Irinjalakuda, Thrissur, KL, IND, 680 121
KSE Ltd is engaged in the manufacturing of compound cattle feed. The company's operating segment includes Animal Feed, Oil Cake Processing, and Dairy. It generates maximum revenue from the Animal Feed segment. The product division of the company consists of cattle feeds, coconut oil, Dairy products, and ice cream.
57GF Score

Get the complete analysis for NSE:KSE

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

₹175.94
Price
₹216.27
GF Value