Kemira Oyj (STU:KEM) Cyclically Adjusted PB Ratio: 1.68 (As of Aug. 02, 2026) — Near Median

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STU:KEM Kemira Oyj STU:KEM
76 GF Score
Price €17.01
GF Value €18.48
Valuation Fairly Valued
! 4 Warning Signs
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What is Kemira Oyj Cyclically Adjusted PB Ratio?

Kemira Oyj STU:KEM -0.29% 76 Cyclically Adjusted PB Ratio is 1.68 as of Aug. 02, 2026, which is 4% above its 10-year median of 1.61. GuruFocus rates STU:KEM with a GF Score™ of 76/100 and a GF Value™ of €18.48 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,248 Chemicals companies, Kemira Oyj ranks better than 50% on this metric.

As of today (2026-08-02), Kemira Oyj's current share price is €17.01. Kemira Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €10.12. Kemira Oyj's Cyclically Adjusted PB Ratio for today is 1.68.

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

STU:KEM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.61   Max: 2.44
Current: 1.62

During the past years, Kemira Oyj's highest Cyclically Adjusted PB Ratio was 2.44. The lowest was 1.06. And the median was 1.61.

STU:KEM's Cyclically Adjusted PB Ratio is ranked better than
50% of 1248 companies
in the Chemicals industry
Industry Median: 1.62 vs STU:KEM: 1.62

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.

Kemira Oyj's adjusted book value per share data for the three months ended in Jun. 2026 was €10.871. 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 €10.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kemira Oyj  (STU:KEM) 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.


Kemira Oyj Cyclically Adjusted PB Ratio Related Terms


Kemira Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kemira Oyj'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.

Kemira Oyj Cyclically Adjusted PB Ratio Chart

Kemira Oyj 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 1.64 1.61 1.80 2.03 1.99

Kemira Oyj 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 2.02 1.95 1.99 1.87 1.62

STU:KEM vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Kemira Oyj'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.


Kemira Oyj Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kemira Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:KEM
76GF Score
Kemira Oyj STU:KEM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kemira Oyj 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.

Kemira Oyj's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.01/10.12
=1.68

* 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.

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

For example, Kemira Oyj'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)
=10.871/125.0800*125.0800
=10.871

Current CPI (Jun. 2026) = 125.0800.

Kemira Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.481 100.540 9.307
201612 7.679 101.020 9.508
201703 7.238 100.910 8.972
201706 7.184 101.140 8.884
201709 7.260 101.320 8.963
201712 7.607 101.510 9.373
201803 7.132 101.730 8.769
201806 7.416 102.320 9.066
201809 7.435 102.600 9.064
201812 7.800 102.710 9.499
201903 7.395 102.870 8.992
201906 7.578 103.360 9.170
201909 7.944 103.540 9.597
201912 7.977 103.650 9.626
202003 7.818 103.490 9.449
202006 7.804 103.320 9.448
202009 7.943 103.710 9.580
202012 7.795 103.890 9.385
202103 7.529 104.870 8.980
202106 7.737 105.360 9.185
202109 8.275 106.290 9.738
202112 8.678 107.490 10.098
202203 8.498 110.950 9.580
202206 10.093 113.570 11.116
202209 10.766 114.920 11.718
202212 10.889 117.320 11.609
202303 10.052 119.750 10.499
202306 10.511 120.690 10.893
202309 10.815 121.280 11.154
202312 10.837 121.540 11.153
202403 10.286 122.360 10.515
202406 11.033 122.230 11.290
202409 11.263 122.260 11.523
202412 11.595 122.390 11.850
202503 10.960 123.010 11.144
202506 11.013 122.530 11.242
202509 11.300 122.880 11.502
202512 11.228 122.670 11.449
202603 10.723 124.670 10.758
202606 10.871 125.080 10.871

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 1.68 mean?
Kemira Oyj (STU:KEM) has a Cyclically Adjusted PB Ratio of 1.68 as of Aug. 02, 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 Kemira Oyj and its competitors. This is near median its historical median of 1.61. Over the past decade, Kemira Oyj's Cyclically Adjusted PB Ratio has ranged from 1.06 to 2.44. According to the industry distribution chart, Kemira Oyj ranks #624 out of 1248 companies in the Chemicals industry, placing it in the top 50%.
Is Kemira Oyj's Cyclically Adjusted PB Ratio too high?
Kemira Oyj's current Cyclically Adjusted PB Ratio of 1.68 is near median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 2.44. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.62. Kemira Oyj's value of 1.68 is 3.7% above this industry median. Based on the distribution chart, Kemira Oyj ranks #624 out of 1248 companies in the Chemicals industry, which is above the industry midpoint. Overall, Kemira Oyj has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kemira Oyj's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Kemira Oyj ranks #624 out of 1248 companies for Cyclically Adjusted PB Ratio. This puts Kemira Oyj in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Kemira Oyj's value of 1.68 is 3.7% above this benchmark. Historically, Kemira Oyj's own Cyclically Adjusted PB Ratio has ranged from 1.06 to 2.44 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 1.62, Kemira Oyj 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.62, based on 1,248 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. Kemira Oyj's current Cyclically Adjusted PB Ratio of 1.68 is 3.7% 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 Kemira Oyj and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kemira Oyj's current Cyclically Adjusted PB Ratio is 1.68, which is near median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kemira Oyj stock overvalued right now?
Based on GuruFocus' analysis, Kemira Oyj (STU:KEM) is currently considered Fairly Valued. The stock's GF Value™ is €18.48, compared to a current price of €17.01 — trading 8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.68, which is near median its 10-year median of 1.61 and 3.7% above the Chemicals industry median of 1.62. Kemira Oyj's overall GF Score™ is 76/100 with 4 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 Kemira Oyj (STU:KEM), the current Cyclically Adjusted PB Ratio is 1.68 as of Aug. 02, 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 Kemira Oyj (STU:KEM) Overvalued in 2026?

Based on GuruFocus' analysis, Kemira Oyj stock appears to be undervalued. The current stock price of €17.01 is trading 8% below its estimated GF Value™ of €18.48. GuruFocus considers Kemira Oyj to be Fairly Valued.

Key valuation signals for STU:KEM:

  • Cyclically Adjusted PB Ratio: 1.68 (near median its 10-year median of 1.61)
  • GF Value™: €18.48 vs. price of €17.01 (8% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 3.7% above the Chemicals median (#624 of 1248)

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


Kemira Oyj Business Description

Address Energiakatu 4, P.O. Box 330, Helsinki, FIN, 00180
Kemira Oyj is a chemicals company serving customers in water-intensive industries. It provides expertise in applications and chemicals that help customers use water, energy, and raw materials more efficiently. Along with its subsidiaries, the company's operating business segments are: Water Solutions, Packaging & Hygiene Solutions, and Fiber Essentials. The majority of its revenue is generated from the Water solutions segment. Geographically, the company derives its key revenue from EMEA (Europe, the Middle East, and Africa), followed by the Americas and the Asia-Pacific region.
76GF Score

Get the complete analysis for STU:KEM

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

€17.01
Price
€18.48
GF Value