KFC (TSE:3420) Cyclically Adjusted PB Ratio: 0.66 (As of Aug. 14, 2026) — 35% Below Median

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TSE:3420 KFC Ltd TSE:3420
65 GF Score
Price 円1,607.00
GF Value 円1,526.34
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is KFC Cyclically Adjusted PB Ratio?

KFC TSE:3420 -0.56% 65 Cyclically Adjusted PB Ratio is 0.66 as of Aug. 14, 2026, which is 35% below its 10-year median of 1.01. GuruFocus rates TSE:3420 with a GF Score™ of 65/100 and a GF Value™ of 円1,526.34 (Fairly Valued). The stock has 3 warning signs investors should review. Among 458 Conglomerates companies, KFC ranks better than 66.81% on this metric.

As of today (2026-08-14), KFC's current share price is 円1607.00. KFC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円2,446.06. KFC's Cyclically Adjusted PB Ratio for today is 0.66.

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

TSE:3420' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.01   Max: 2.38
Current: 0.67

During the past years, KFC's highest Cyclically Adjusted PB Ratio was 2.38. The lowest was 0.53. And the median was 1.01.

TSE:3420's Cyclically Adjusted PB Ratio is ranked better than
66.81% of 458 companies
in the Conglomerates industry
Industry Median: 1.015 vs TSE:3420: 0.67

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.

KFC's adjusted book value per share data for the three months ended in Mar. 2026 was 円3,010.512. 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 円2,446.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KFC  (TSE:3420) 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.


KFC Cyclically Adjusted PB Ratio Related Terms


KFC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KFC'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.

KFC Cyclically Adjusted PB Ratio Chart

KFC 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 1.12 0.70 0.73 0.59 0.64

KFC Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.59 0.65 0.72 0.65 0.64

TSE:3420 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, KFC'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.


KFC Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


TSE:3420
65GF Score
KFC Ltd TSE:3420
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KFC 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.

KFC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1607.00/2446.06
=0.66

* 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.

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

For example, KFC'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)
=3010.512/112.7000*112.7000
=3,010.512

Current CPI (Mar. 2026) = 112.7000.

KFC Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,326.965 97.900 1,527.568
201606 1,354.295 98.100 1,555.852
201609 1,394.905 98.000 1,604.141
201612 1,514.885 98.400 1,735.036
201703 1,569.914 98.100 1,803.561
201706 1,550.504 98.500 1,774.028
201709 1,621.973 98.800 1,850.166
201712 1,713.321 99.400 1,942.568
201803 1,794.717 99.200 2,038.958
201806 1,769.854 99.200 2,010.711
201809 1,822.246 99.900 2,055.727
201812 1,847.322 99.700 2,088.196
201903 1,930.888 99.700 2,182.659
201906 1,903.451 99.800 2,149.488
201909 1,970.961 100.100 2,219.054
201912 2,084.067 100.500 2,337.058
202003 2,153.126 100.300 2,419.315
202006 2,135.197 99.900 2,408.776
202009 2,194.088 99.900 2,475.212
202012 2,305.496 99.300 2,616.610
202103 2,458.681 99.900 2,773.707
202106 2,408.150 99.500 2,727.623
202109 2,476.868 100.100 2,788.642
202112 2,537.432 100.100 2,856.829
202203 2,601.153 101.100 2,899.604
202206 2,514.726 101.800 2,783.984
202209 2,525.512 103.100 2,760.671
202212 2,611.323 104.100 2,827.052
202303 2,657.130 104.400 2,868.377
202306 2,627.732 105.200 2,815.070
202309 2,654.274 106.200 2,816.730
202312 2,699.250 106.800 2,848.366
202403 2,801.146 107.200 2,944.862
202406 2,741.178 108.200 2,855.183
202409 2,751.933 108.900 2,847.960
202503 2,887.188 111.100 2,928.768
202506 2,844.189 111.700 2,869.652
202509 2,876.520 112.000 2,894.498
202512 2,933.768 113.000 2,925.979
202603 3,010.512 112.700 3,010.512

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 0.66 mean?
KFC (TSE:3420) has a Cyclically Adjusted PB Ratio of 0.66 as of Aug. 14, 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 KFC and its competitors. This is 35% below median its historical median of 1.01. Over the past decade, KFC's Cyclically Adjusted PB Ratio has ranged from 0.53 to 2.38. According to the industry distribution chart, KFC ranks #152 out of 458 companies in the Conglomerates industry, placing it in the top 33.2%.
Is KFC's Cyclically Adjusted PB Ratio too high?
KFC's current Cyclically Adjusted PB Ratio of 0.66 is 35% below median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 2.38. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. KFC's value of 0.66 is 35% below this industry median. Based on the distribution chart, KFC ranks #152 out of 458 companies in the Conglomerates industry, which is above the industry midpoint. Overall, KFC has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KFC's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, KFC ranks #152 out of 458 companies for Cyclically Adjusted PB Ratio. This puts KFC in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. KFC's value of 0.66 is 35% below this benchmark. Historically, KFC's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 2.38 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 1.02, KFC has consistently been below 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 458 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. KFC's current Cyclically Adjusted PB Ratio of 0.66 is 35% below 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 KFC and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KFC's current Cyclically Adjusted PB Ratio is 0.66, which is 35% below median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KFC stock overvalued right now?
Based on GuruFocus' analysis, KFC (TSE:3420) is currently considered Fairly Valued. The stock's GF Value™ is 円1,526.34, compared to a current price of 円1,607.00 — trading 5.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.66, which is 35% below median its 10-year median of 1.01 and 35% below the Conglomerates industry median of 1.02. KFC's overall GF Score™ is 65/100 with 3 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 KFC (TSE:3420), the current Cyclically Adjusted PB Ratio is 0.66 as of Aug. 14, 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 KFC (TSE:3420) Overvalued in 2026?

Based on GuruFocus' analysis, KFC stock appears to be overvalued. The current stock price of 円1,607.00 is trading 5.3% above its estimated GF Value™ of 円1,526.34. GuruFocus considers KFC to be Fairly Valued.

Key valuation signals for TSE:3420:

  • Cyclically Adjusted PB Ratio: 0.66 (35% below median its 10-year median of 1.01)
  • GF Value™: 円1,526.34 vs. price of 円1,607.00 (5.3% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 35% below the Conglomerates median (#152 of 458)

No single metric tells the full story. See the TSE:3420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KFC Business Description

Address No. 2 17, Nishitenumi Northern Ward, Osaka, JPN, 530-0047
KFC Ltd manufactures and sells construction materials. The company's business is divided into three divisions namely Fastener business division which includes the production and sales of steel materials and various hardware products, design and construction of earthquake-resistant construction works of constructions, and others., The civil engineering material business division comprises of manufacture and sales of tunnel support materials such as lock bolts, sales of tunnel waterproof sheets and accessories welding machines and construction machines, and others, and the Construction business division consists of designing and construction of environmental construction such as tunnel interior and fireproof construction and sound insulation wall installation work, and others.
65GF Score

Get the complete analysis for TSE:3420

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

円1,607.00
Price
円1,526.34
GF Value