Kakao (SGX:CQC) Cyclically Adjusted PB Ratio: (As of Sep. 10, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.

What is Kakao Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kakao  (SGX:CQC) 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.


Kakao Cyclically Adjusted PB Ratio Related Terms


Kakao Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kakao'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.

Kakao Cyclically Adjusted PB Ratio Chart

Kakao 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 9.52 3.77 3.36 2.15 3.01

Kakao 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 3.22 3.12 3.01 2.23 1.64

SGX:CQC vs GOOGL, META, SPOT: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Kakao'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.


Kakao Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kakao's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kakao 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.

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

For example, Kakao'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)
=17.49/126.4904*126.4904
=17.490

Current CPI (Jun. 2026) = 126.4904.

Kakao Quarterly Data

Book Value per Share CPI Adj_Book
201609 44.418 101.461 55.375
201612 42.913 101.561 53.446
201703 45.212 102.851 55.604
201706 47.200 102.611 58.184
201709 51.824 103.491 63.341
201712 54.797 102.991 67.300
201803 63.593 104.101 77.270
201806 62.201 104.130 75.558
201809 63.196 105.651 75.662
201812 57.821 104.351 70.089
201903 57.525 104.491 69.636
201906 56.064 104.881 67.615
201909 56.367 105.200 67.774
201912 10.955 105.121 13.182
202003 10.681 105.354 12.824
202006 2.314 105.112 2.785
202009 2.513 106.198 2.993
202012 2.586 105.765 3.093
202103 2.702 107.357 3.184
202106 15.619 107.579 18.365
202109 16.883 108.759 19.635
202112 19.028 109.676 21.945
202203 20.855 111.848 23.585
202206 19.821 114.072 21.979
202209 18.520 114.715 20.421
202212 17.507 115.179 19.226
202303 18.535 116.507 20.123
202306 18.580 117.182 20.056
202309 18.294 118.964 19.451
202312 16.994 118.837 18.088
202403 16.831 120.123 17.723
202406 16.398 120.007 17.284
202409 17.359 120.861 18.168
202412 15.989 121.135 16.696
202503 16.179 122.590 16.694
202506 17.593 122.611 18.150
202509 17.303 123.402 17.736
202512 17.471 123.939 17.831
202603 17.501 125.236 17.676
202606 17.490 126.490 17.490

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.


Kakao Business Description

Other Exchanges 035720:Korea
Address 242 Cheomdan-ro, Jeju-do, Jeju, KOR, 63309
Kakao Corp is a technology and platform company engaged in digital services, content, mobility, and financial technology businesses. The company operates through seven reportable segments. The Kakao segment provides advertising and platform-based service offerings. The Kakao Games segment covers game development, publishing, and related services. The Kakao Entertainment segment focuses on entertainment planning and content production, and distribution. Kakao Mobility offers database-based information provision services, while Kakao Pay provides mobile platform-based financial services. Kakao Piccoma operates a platform for webtoon and web-novel supply, and the SM Entertainment segment engages in entertainment planning and content production.