ktk (TSE:3035) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.
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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.

TSE:3035 ktk Inc TSE:3035
67 GF Score
Price 円803.00
GF Value 円649.62
Valuation Modestly Overvalued
! 3 Warning Signs
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What is ktk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ktk  (TSE:3035) 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.


ktk Cyclically Adjusted PB Ratio Related Terms


ktk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ktk'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.

ktk Cyclically Adjusted PB Ratio Chart

ktk Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.67 0.97 0.96 0.94

ktk Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.94 0.00 0.00 0.00

ktk Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, ktk'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.


ktk Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TSE:3035
67GF Score
ktk Inc TSE:3035
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ktk 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.

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

For example, ktk's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=868.007/112.2000*112.2000
=868.007

Current CPI (Feb. 2026) = 112.2000.

ktk Quarterly Data

Book Value per Share CPI Adj_Book
201602 471.510 97.800 540.935
201605 469.171 98.200 536.059
201608 452.660 97.900 518.779
201611 454.964 98.600 517.718
201702 474.485 98.100 542.683
201705 494.909 98.600 563.172
201708 495.437 98.500 564.345
201711 496.956 99.100 562.648
201802 507.714 99.500 572.518
201805 518.705 99.300 586.090
201808 517.418 99.800 581.706
201811 522.813 100.000 586.596
201902 521.354 99.700 586.719
201905 537.395 100.000 602.957
201908 536.321 100.000 601.752
201911 547.607 100.500 611.358
202002 566.070 100.300 633.231
202005 573.903 100.100 643.276
202008 582.217 100.100 652.595
202011 586.631 99.500 661.508
202102 605.812 99.800 681.083
202105 635.741 99.400 717.607
202108 634.470 99.700 714.017
202111 634.212 100.100 710.875
202202 643.057 100.700 716.494
202205 659.752 101.800 727.153
202208 670.595 102.700 732.627
202211 674.570 103.900 728.458
202302 693.165 104.000 747.818
202305 702.538 105.100 749.998
202308 718.325 105.900 761.058
202311 722.296 106.900 758.107
202402 740.232 106.900 776.932
202405 756.420 108.100 785.109
202408 773.435 109.100 795.412
202502 788.330 110.800 798.291
202505 808.689 111.800 811.582
202508 820.252 112.100 820.984
202511 838.162 113.200 830.758
202602 868.007 112.200 868.007

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 ktk (TSE:3035) Overvalued in 2026?

Based on GuruFocus' analysis, ktk stock appears to be overvalued. The current stock price of 円803.00 is trading 23.6% above its estimated GF Value™ of 円649.62. GuruFocus considers ktk to be Modestly Overvalued.

Key valuation signals for TSE:3035:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円649.62 vs. price of 円803.00 (23.6% above fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the TSE:3035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ktk Business Description

Address No. 3, No. 3-chome, Higashi-ku, Nagoya, JPN, 461-0001
ktk Inc is engaged in the business of sales of recycled products like repack toner, repack ribbon, expendable items, and stationery office supplies used for automation equipment like printing devices.
67GF Score

Get the complete analysis for TSE:3035

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

円803.00
Price
円649.62
GF Value