K.R.S. (TSE:9369) Cyclically Adjusted PB Ratio: 1.90 (As of Sep. 01, 2026) — 138% Above Median

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Director of Data and Quant Analytics at GuruFocus
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TSE:9369 K.R.S. Corp TSE:9369
64 GF Score
Price 円3,185.00
GF Value 円2,140.77
Valuation Significantly Overvalued
! 5 Warning Signs
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What is K.R.S. Cyclically Adjusted PB Ratio?

K.R.S. TSE:9369 +0.47% 64 Cyclically Adjusted PB Ratio is 1.90 as of Sep. 01, 2026, which is 138% above its 10-year median of 0.80. GuruFocus rates TSE:9369 with a GF Score™ of 64/100 and a GF Value™ of 円2,140.77 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 699 Transportation companies, K.R.S. ranks worse than 67.1% on this metric.

As of today (2026-09-01), K.R.S.'s current share price is 円3185.00. K.R.S.'s Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was 円1,672.01. K.R.S.'s Cyclically Adjusted PB Ratio for today is 1.90.

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

TSE:9369' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.8   Max: 2.31
Current: 1.9

During the past years, K.R.S.'s highest Cyclically Adjusted PB Ratio was 2.31. The lowest was 0.58. And the median was 0.80.

TSE:9369's Cyclically Adjusted PB Ratio is ranked worse than
67.1% of 699 companies
in the Transportation industry
Industry Median: 1.28 vs TSE:9369: 1.90

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.

K.R.S.'s adjusted book value per share data for the three months ended in May. 2026 was 円1,880.597. 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1,672.01 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


K.R.S.  (TSE:9369) 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.


K.R.S. Cyclically Adjusted PB Ratio Related Terms


K.R.S. Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for K.R.S.'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.

K.R.S. Cyclically Adjusted PB Ratio Chart

K.R.S. Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.74 0.61 1.38 1.65

K.R.S. Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 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 1.36 2.11 1.65 1.99 1.90

TSE:9369 vs UPS, FDX, EXPD: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, K.R.S.'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.


K.R.S. Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, K.R.S.'s Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSE:9369
64GF Score
K.R.S. Corp TSE:9369
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

K.R.S. 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.

K.R.S.'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3185.00/1672.01
=1.90

* 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.

K.R.S.'s Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, K.R.S.'s adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=1880.597/113.5000*113.5000
=1,880.597

Current CPI (May. 2026) = 113.5000.

K.R.S. Quarterly Data

Book Value per Share CPI Adj_Book
201602 1,199.501 97.800 1,392.059
201605 1,223.036 98.200 1,413.590
201608 1,243.634 97.900 1,441.802
201611 1,248.139 98.600 1,436.752
201702 1,263.467 98.100 1,461.809
201705 1,299.433 98.600 1,495.798
201708 1,320.352 98.500 1,521.421
201711 1,363.720 99.100 1,561.879
201802 1,365.289 99.500 1,557.390
201805 1,406.284 99.300 1,607.384
201808 1,427.807 99.800 1,623.809
201811 1,424.951 100.000 1,617.319
201902 1,427.525 99.700 1,625.116
201905 1,467.997 100.000 1,666.177
201908 1,478.537 100.000 1,678.139
201911 1,469.968 100.500 1,660.113
202002 1,456.008 100.300 1,647.626
202005 1,465.905 100.100 1,662.140
202008 1,466.146 100.100 1,662.413
202011 1,472.583 99.500 1,679.781
202102 1,452.830 99.800 1,652.267
202105 1,485.779 99.400 1,696.538
202108 1,501.267 99.700 1,709.065
202111 1,547.813 100.100 1,755.013
202202 1,560.446 100.700 1,758.795
202205 1,594.400 101.800 1,777.646
202208 1,636.883 102.700 1,809.019
202211 1,665.084 103.900 1,818.932
202302 1,619.906 104.000 1,767.878
202305 1,655.027 105.100 1,787.303
202308 1,694.694 105.900 1,816.315
202311 1,616.889 106.900 1,716.716
202402 1,618.779 106.900 1,718.722
202405 1,680.251 108.100 1,764.186
202411 1,725.872 110.000 1,780.786
202505 1,748.079 111.800 1,774.660
202508 1,759.585 112.100 1,781.560
202511 1,822.022 113.200 1,826.851
202602 1,853.482 112.200 1,874.957
202605 1,880.597 113.500 1,880.597

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 1.90 mean?
K.R.S. (TSE:9369) has a Cyclically Adjusted PB Ratio of 1.90 as of Sep. 01, 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 K.R.S. and its competitors. This is 138% above median its historical median of 0.80. Over the past decade, K.R.S.'s Cyclically Adjusted PB Ratio has ranged from 0.58 to 2.31. According to the industry distribution chart, K.R.S. ranks #469 out of 699 companies in the Transportation industry, placing it in the top 67.1%.
Is K.R.S.'s Cyclically Adjusted PB Ratio too high?
K.R.S.'s current Cyclically Adjusted PB Ratio of 1.90 is 138% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 2.31. The Transportation industry median Cyclically Adjusted PB Ratio is 1.28. K.R.S.'s value of 1.90 is 48.4% above this industry median. Based on the distribution chart, K.R.S. ranks #469 out of 699 companies in the Transportation industry, which is below the industry midpoint. Overall, K.R.S. has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does K.R.S.'s Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, K.R.S. ranks #469 out of 699 companies for Cyclically Adjusted PB Ratio. This places K.R.S. in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. K.R.S.'s value of 1.90 is 48.4% above this benchmark. Historically, K.R.S.'s own Cyclically Adjusted PB Ratio has ranged from 0.58 to 2.31 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.28, K.R.S. 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.28, based on 699 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. K.R.S.'s current Cyclically Adjusted PB Ratio of 1.90 is 48.4% 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 K.R.S. and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K.R.S.'s current Cyclically Adjusted PB Ratio is 1.90, which is 138% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K.R.S. stock overvalued right now?
Based on GuruFocus' analysis, K.R.S. (TSE:9369) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,140.77, compared to a current price of 円3,185.00 — trading 48.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.90, which is 138% above median its 10-year median of 0.80 and 48.4% above the Transportation industry median of 1.28. K.R.S.'s overall GF Score™ is 64/100 with 5 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 K.R.S. (TSE:9369), the current Cyclically Adjusted PB Ratio is 1.90 as of Sep. 01, 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 K.R.S. (TSE:9369) Overvalued in 2026?

Based on GuruFocus' analysis, K.R.S. stock appears to be overvalued. The current stock price of 円3,185.00 is trading 48.8% above its estimated GF Value™ of 円2,140.77. GuruFocus considers K.R.S. to be Significantly Overvalued.

Key valuation signals for TSE:9369:

  • Cyclically Adjusted PB Ratio: 1.90 (138% above median its 10-year median of 0.80)
  • GF Value™: 円2,140.77 vs. price of 円3,185.00 (48.8% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 48.4% above the Transportation median (#469 of 699)

No single metric tells the full story. See the TSE:9369 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


K.R.S. Business Description

Other Exchanges 5BJ:Germany
Address 3-50-1 Chofugaoka, Chofu-shi, Tokyo, JPN, 182-0021
K.R.S. Corp is a provider of logistics services. Its business services include Warehousing business, undertaking business for packing, packaging, and delivery etc. for various types of bottled/canned products and other general goods, consigned freight forwarding business, intermediary transport agency business, motor truck transportation business, customs clearance, sales and leasing business of vehicle-and logistics-related machinery equipment, automotive wrecking and maintenance businesses, sales of industrial and automotive fuel and oil, sales of logistics information and consulting on logistics operations, sales of commodity goods and foods, such as fresh food preserved food, and processed food, real estate renting and leasing business.
64GF Score

Get the complete analysis for TSE:9369

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

円3,185.00
Price
円2,140.77
GF Value