Klon (WAR:KLN) Cyclically Adjusted PB Ratio: 1.34 (As of Aug. 21, 2026) — Near Median

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WAR:KLN Klon SA WAR:KLN
36 GF Score
Price zł1.35
GF Value zł0.90
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Klon Cyclically Adjusted PB Ratio?

Klon WAR:KLN 36 Cyclically Adjusted PB Ratio is 1.34 as of Aug. 21, 2026, which is at its 10-year median of 1.34. GuruFocus rates WAR:KLN with a GF Score™ of 36/100 and a GF Value™ of zł0.90 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 228 Forest Products companies, Klon ranks worse than 73.68% on this metric.

As of today (2026-08-21), Klon's current share price is zł1.35. Klon's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł1.01. Klon's Cyclically Adjusted PB Ratio for today is 1.34.

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

WAR:KLN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.34   Max: 1.67
Current: 1.34

During the past years, Klon's highest Cyclically Adjusted PB Ratio was 1.67. The lowest was 0.98. And the median was 1.34.

WAR:KLN's Cyclically Adjusted PB Ratio is ranked worse than
73.68% of 228 companies
in the Forest Products industry
Industry Median: 0.73 vs WAR:KLN: 1.34

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.

Klon's adjusted book value per share data for the three months ended in Mar. 2026 was zł0.005. 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 zł1.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Klon  (WAR:KLN) 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.


Klon Cyclically Adjusted PB Ratio Related Terms


Klon Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Klon'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.

Klon Cyclically Adjusted PB Ratio Chart

Klon 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 1.44 1.54 1.52 1.56 1.38

Klon 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 1.40 1.25 1.38 1.38 1.20

WAR:KLN vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, Klon'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.


Klon Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Klon's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:KLN
36GF Score
Klon SA WAR:KLN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Klon 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.35/1.01
=1.34

* 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.

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

For example, Klon'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)
=0.005/163.0700*163.0700
=0.005

Current CPI (Mar. 2026) = 163.0700.

Klon Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.931 99.552 1.525
201609 0.945 99.064 1.556
201612 0.951 100.366 1.545
201703 0.963 101.018 1.555
201706 0.965 101.180 1.555
201709 0.970 101.343 1.561
201712 1.087 102.564 1.728
201803 1.120 102.564 1.781
201806 1.135 103.378 1.790
201809 1.140 103.378 1.798
201812 1.108 103.785 1.741
201903 1.000 104.274 1.564
201906 1.013 105.983 1.559
201909 1.015 105.983 1.562
201912 1.022 107.123 1.556
202003 1.194 109.076 1.785
202006 1.018 109.402 1.517
202009 1.033 109.320 1.541
202012 0.997 109.565 1.484
202103 1.044 112.658 1.511
202106 1.029 113.960 1.472
202109 1.035 115.588 1.460
202112 0.337 119.088 0.461
202203 0.340 125.031 0.443
202206 0.351 131.705 0.435
202209 0.358 135.531 0.431
202212 0.349 139.113 0.409
202303 0.365 145.950 0.408
202306 0.361 147.009 0.400
202309 0.359 146.113 0.401
202312 0.344 147.741 0.380
202403 0.360 149.044 0.394
202406 0.246 150.997 0.266
202409 0.187 153.439 0.199
202412 0.177 154.660 0.187
202503 0.165 157.021 0.171
202506 0.123 157.509 0.127
202509 0.055 158.000 0.057
202512 0.012 158.320 0.012
202603 0.005 163.070 0.005

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 1.34 mean?
Klon (WAR:KLN) has a Cyclically Adjusted PB Ratio of 1.34 as of Aug. 21, 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 Klon and its competitors. This is near median its historical median of 1.34. Over the past decade, Klon's Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.67. According to the industry distribution chart, Klon ranks #168 out of 228 companies in the Forest Products industry, placing it in the top 73.7%.
Is Klon's Cyclically Adjusted PB Ratio too high?
Klon's current Cyclically Adjusted PB Ratio of 1.34 is near median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.67. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.73. Klon's value of 1.34 is 83.6% above this industry median. Based on the distribution chart, Klon ranks #168 out of 228 companies in the Forest Products industry, which is below the industry midpoint. Overall, Klon has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Klon's Cyclically Adjusted PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Klon ranks #168 out of 228 companies for Cyclically Adjusted PB Ratio. This places Klon in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.73. Klon's value of 1.34 is 83.6% above this benchmark. Historically, Klon's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.67 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 0.73, Klon 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.73, based on 228 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. Klon's current Cyclically Adjusted PB Ratio of 1.34 is 83.6% 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 Klon and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Klon's current Cyclically Adjusted PB Ratio is 1.34, which is near median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Klon stock overvalued right now?
Based on GuruFocus' analysis, Klon (WAR:KLN) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.90, compared to a current price of zł1.35 — trading 50% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.34, which is near median its 10-year median of 1.34 and 83.6% above the Forest Products industry median of 0.73. Klon's overall GF Score™ is 36/100 with 8 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 Klon (WAR:KLN), the current Cyclically Adjusted PB Ratio is 1.34 as of Aug. 21, 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 Klon (WAR:KLN) Overvalued in 2026?

Based on GuruFocus' analysis, Klon stock appears to be overvalued. The current stock price of zł1.35 is trading 50% above its estimated GF Value™ of zł0.90. GuruFocus considers Klon to be Significantly Overvalued.

Key valuation signals for WAR:KLN:

  • Cyclically Adjusted PB Ratio: 1.34 (near median its 10-year median of 1.34)
  • GF Value™: zł0.90 vs. price of zł1.35 (50% above fair value)
  • GF Score™: 36/100 with 8 warning signs
  • Industry Position: 83.6% above the Forest Products median (#168 of 228)

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


Klon Business Description

Address Nowa Swieta 78, Zlotow, POL, 77-400
Klon SA is engaged in producing and supplying beech, oak, birch, and alder non-cut off and cut off timber products. The company also provides tri, multilayer, and micro-insert deciduous board products and upholstered furniture and carved elements. It sells products in Poland and the rest of the world.
36GF Score

Get the complete analysis for WAR:KLN

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

zł1.35
Price
zł0.90
GF Value