Kurita Water Industries (STU:KWI) Cyclically Adjusted PB Ratio: 3.21 (As of Jul. 22, 2026) — 45% Above Median

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STU:KWI Kurita Water Industries Ltd STU:KWI
91 GF Score
Price €47.62
GF Value €36.12
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Kurita Water Industries Cyclically Adjusted PB Ratio?

Kurita Water Industries STU:KWI +1.23% 91 Cyclically Adjusted PB Ratio is 3.21 as of Jul. 22, 2026, which is 45% above its 10-year median of 2.22. GuruFocus rates STU:KWI with a GF Score™ of 91/100 and a GF Value™ of €36.12 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,285 Industrial Products companies, Kurita Water Industries ranks worse than 65.08% on this metric.

As of today (2026-07-22), Kurita Water Industries's current share price is €47.62. Kurita Water Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €14.85. Kurita Water Industries's Cyclically Adjusted PB Ratio for today is 3.21.

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

STU:KWI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 2.22   Max: 3.61
Current: 3.24

During the past years, Kurita Water Industries's highest Cyclically Adjusted PB Ratio was 3.61. The lowest was 1.15. And the median was 2.22.

STU:KWI's Cyclically Adjusted PB Ratio is ranked worse than
65.08% of 2285 companies
in the Industrial Products industry
Industry Median: 2.12 vs STU:KWI: 3.24

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.

Kurita Water Industries's adjusted book value per share data for the three months ended in Mar. 2026 was €16.994. 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 €14.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kurita Water Industries  (STU:KWI) 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.


Kurita Water Industries Cyclically Adjusted PB Ratio Related Terms


Kurita Water Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kurita Water Industries'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.

Kurita Water Industries Cyclically Adjusted PB Ratio Chart

Kurita Water Industries 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 2.21 2.75 2.68 1.82 2.77

Kurita Water Industries 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 1.82 2.23 1.95 2.41 2.77

STU:KWI vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Kurita Water Industries'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.


Kurita Water Industries Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kurita Water Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:KWI
91GF Score
Kurita Water Industries Ltd STU:KWI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kurita Water Industries 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.

Kurita Water Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.62/14.85
=3.21

* 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.

Kurita Water Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kurita Water Industries'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)
=16.994/112.7000*112.7000
=16.994

Current CPI (Mar. 2026) = 112.7000.

Kurita Water Industries Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.436 98.100 18.882
201609 16.734 98.000 19.244
201612 15.744 98.400 18.032
201703 16.494 98.100 18.949
201706 16.001 98.500 18.308
201709 15.528 98.800 17.713
201712 15.681 99.400 17.779
201803 16.161 99.200 18.360
201806 16.108 99.200 18.300
201809 16.392 99.900 18.492
201812 16.253 99.700 18.372
201903 16.827 99.700 19.021
201906 17.352 99.800 19.595
201909 18.245 100.100 20.542
201912 18.164 100.500 20.369
202003 18.147 100.300 20.390
202006 17.287 99.900 19.502
202009 17.334 99.900 19.555
202012 17.300 99.300 19.635
202103 17.409 99.900 19.640
202106 16.921 99.500 19.166
202109 17.545 100.100 19.753
202112 18.028 100.100 20.297
202203 18.528 101.100 20.654
202206 17.937 101.800 19.858
202209 18.610 103.100 20.343
202212 18.166 104.100 19.667
202303 18.275 104.400 19.728
202306 17.762 105.200 19.028
202309 17.800 106.200 18.889
202312 17.879 106.800 18.867
202403 18.101 107.200 19.030
202406 17.890 108.200 18.634
202409 18.752 108.900 19.406
202412 19.290 110.700 19.639
202503 18.591 111.100 18.859
202506 17.668 111.700 17.826
202509 17.700 112.000 17.811
202512 17.515 113.000 17.469
202603 16.994 112.700 16.994

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 3.21 mean?
Kurita Water Industries (STU:KWI) has a Cyclically Adjusted PB Ratio of 3.21 as of Jul. 22, 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 Kurita Water Industries and its competitors. This is 45% above median its historical median of 2.22. Over the past decade, Kurita Water Industries' Cyclically Adjusted PB Ratio has ranged from 1.15 to 3.61. According to the industry distribution chart, Kurita Water Industries ranks #1487 out of 2285 companies in the Industrial Products industry, placing it in the top 65.1%.
Is Kurita Water Industries' Cyclically Adjusted PB Ratio too high?
Kurita Water Industries' current Cyclically Adjusted PB Ratio of 3.21 is 45% above median its 10-year median of 2.22. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 3.61. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Kurita Water Industries' value of 3.21 is 51.4% above this industry median. Based on the distribution chart, Kurita Water Industries ranks #1487 out of 2285 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kurita Water Industries has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kurita Water Industries' Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Kurita Water Industries ranks #1487 out of 2285 companies for Cyclically Adjusted PB Ratio. This places Kurita Water Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Kurita Water Industries' value of 3.21 is 51.4% above this benchmark. Historically, Kurita Water Industries' own Cyclically Adjusted PB Ratio has ranged from 1.15 to 3.61 over the past decade. While the company's 10-year median is 2.22 vs. the industry median of 2.12, Kurita Water Industries 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,285 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. Kurita Water Industries's current Cyclically Adjusted PB Ratio of 3.21 is 51.4% 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 Kurita Water Industries and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kurita Water Industries's current Cyclically Adjusted PB Ratio is 3.21, which is 45% above median its own 10-year median of 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kurita Water Industries stock overvalued right now?
Based on GuruFocus' analysis, Kurita Water Industries (STU:KWI) is currently considered Significantly Overvalued. The stock's GF Value™ is €36.12, compared to a current price of €47.62 — trading 31.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.21, which is 45% above median its 10-year median of 2.22 and 51.4% above the Industrial Products industry median of 2.12. Kurita Water Industries' overall GF Score™ is 91/100 with 1 warning sign 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 Kurita Water Industries (STU:KWI), the current Cyclically Adjusted PB Ratio is 3.21 as of Jul. 22, 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 Kurita Water Industries (STU:KWI) Overvalued in 2026?

Based on GuruFocus' analysis, Kurita Water Industries stock appears to be overvalued. The current stock price of €47.62 is trading 31.8% above its estimated GF Value™ of €36.12. GuruFocus considers Kurita Water Industries to be Significantly Overvalued.

Key valuation signals for STU:KWI:

  • Cyclically Adjusted PB Ratio: 3.21 (45% above median its 10-year median of 2.22)
  • GF Value™: €36.12 vs. price of €47.62 (31.8% above fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 51.4% above the Industrial Products median (#1487 of 2285)

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


Kurita Water Industries Business Description

Address 10-1 Nakano 4-chome, Nakano Central Park East, Nakano-ku, Tokyo, JPN, 164-0001
Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments: the Electronic market and the General water treatment market. The company provides a wide range of water treatment chemicals, systems, and services, including wastewater and ultrapure water solutions, facility maintenance, and environmental remediation, serving both industrial and household needs.
91GF Score

Get the complete analysis for STU:KWI

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

€47.62
Price
€36.12
GF Value