Kaufman & Broad (XPAR:KOF) Cyclically Adjusted PB Ratio: 2.16 (As of Jul. 20, 2026) — 34% Below Median

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XPAR:KOF Kaufman & Broad SA XPAR:KOF
79 GF Score
Price €25.80
GF Value €30.17
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kaufman & Broad Cyclically Adjusted PB Ratio?

Kaufman & Broad XPAR:KOF -0.39% 79 Cyclically Adjusted PB Ratio is 2.16 as of Jul. 20, 2026, which is 34% below its 10-year median of 3.27. GuruFocus rates XPAR:KOF with a GF Score™ of 79/100 and a GF Value™ of €30.17 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 74 Homebuilding & Construction companies, Kaufman & Broad ranks worse than 75.68% on this metric.

As of today (2026-07-20), Kaufman & Broad's current share price is €25.80. Kaufman & Broad's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was €11.94. Kaufman & Broad's Cyclically Adjusted PB Ratio for today is 2.16.

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

XPAR:KOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.7   Med: 3.27   Max: 5.65
Current: 2.16

During the past years, Kaufman & Broad's highest Cyclically Adjusted PB Ratio was 5.65. The lowest was 1.70. And the median was 3.27.

XPAR:KOF's Cyclically Adjusted PB Ratio is ranked worse than
75.68% of 74 companies
in the Homebuilding & Construction industry
Industry Median: 1.1 vs XPAR:KOF: 2.16

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.

Kaufman & Broad's adjusted book value per share data for the three months ended in Feb. 2026 was €12.373. 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 €11.94 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kaufman & Broad  (XPAR:KOF) 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.


Kaufman & Broad Cyclically Adjusted PB Ratio Related Terms


Kaufman & Broad Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kaufman & Broad'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.

Kaufman & Broad Cyclically Adjusted PB Ratio Chart

Kaufman & Broad 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 3.28 2.34 2.43 2.65 2.52

Kaufman & Broad Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 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 2.81 2.38 2.52 2.72 0.00

XPAR:KOF vs DHI, PHM, LEN: Cyclically Adjusted PB Ratio Comparison

For the Residential Construction subindustry, Kaufman & Broad'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.


Kaufman & Broad Cyclically Adjusted PB Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Kaufman & Broad's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XPAR:KOF
79GF Score
Kaufman & Broad SA XPAR:KOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kaufman & Broad 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.

Kaufman & Broad's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.80/11.94
=2.16

* 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.

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

For example, Kaufman & Broad'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)
=12.373/121.2400*121.2400
=12.373

Current CPI (Feb. 2026) = 121.2400.

Kaufman & Broad Quarterly Data

Book Value per Share CPI Adj_Book
201605 5.296 100.500 6.389
201608 0.000 100.580 0.000
201611 6.840 100.350 8.264
201702 6.734 100.530 8.121
201705 7.317 101.310 8.756
201708 7.851 101.490 9.379
201711 9.492 101.530 11.335
201802 9.960 101.720 11.871
201805 10.092 103.360 11.838
201808 10.810 103.780 12.629
201811 11.572 103.450 13.562
201902 11.874 103.060 13.969
201905 10.741 104.330 12.482
201908 11.695 104.860 13.522
201911 12.897 104.520 14.960
202002 13.387 104.530 15.527
202005 10.847 104.710 12.559
202008 11.010 105.090 12.702
202011 12.465 104.730 14.430
202102 12.630 105.120 14.567
202105 11.105 106.200 12.678
202108 11.437 107.050 12.953
202111 12.127 107.640 13.659
202202 11.887 108.940 13.229
202205 10.783 111.720 11.702
202208 10.656 113.380 11.395
202211 11.754 114.260 12.472
202302 13.303 115.780 13.930
202305 11.210 117.440 11.573
202308 11.569 118.890 11.798
202311 11.395 118.230 11.685
202402 11.999 119.210 12.203
202405 10.086 120.110 10.181
202408 10.599 121.060 10.615
202411 11.297 119.720 11.440
202502 11.884 120.160 11.991
202505 10.267 120.900 10.296
202508 10.787 122.130 10.708
202511 11.752 120.800 11.795
202602 12.373 121.240 12.373

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 2.16 mean?
Kaufman & Broad (XPAR:KOF) has a Cyclically Adjusted PB Ratio of 2.16 as of Jul. 20, 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 Kaufman & Broad and its competitors. This is 34% below median its historical median of 3.27. Over the past decade, Kaufman & Broad's Cyclically Adjusted PB Ratio has ranged from 1.70 to 5.65. According to the industry distribution chart, Kaufman & Broad ranks #56 out of 74 companies in the Homebuilding & Construction industry, placing it in the top 75.7%.
Is Kaufman & Broad's Cyclically Adjusted PB Ratio too high?
Kaufman & Broad's current Cyclically Adjusted PB Ratio of 2.16 is 34% below median its 10-year median of 3.27. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 5.65. The Homebuilding & Construction industry median Cyclically Adjusted PB Ratio is 1.10. Kaufman & Broad's value of 2.16 is 96.4% above this industry median. Based on the distribution chart, Kaufman & Broad ranks #56 out of 74 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, Kaufman & Broad has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kaufman & Broad's Cyclically Adjusted PB Ratio compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Kaufman & Broad ranks #56 out of 74 companies for Cyclically Adjusted PB Ratio. This places Kaufman & Broad in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.10. Kaufman & Broad's value of 2.16 is 96.4% above this benchmark. Historically, Kaufman & Broad's own Cyclically Adjusted PB Ratio has ranged from 1.70 to 5.65 over the past decade. While the company's 10-year median is 3.27 vs. the industry median of 1.10, Kaufman & Broad 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 Homebuilding & Construction company?
The median Cyclically Adjusted PB Ratio among Homebuilding & Construction companies is 1.10, based on 74 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. Kaufman & Broad's current Cyclically Adjusted PB Ratio of 2.16 is 96.4% 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 Kaufman & Broad and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaufman & Broad's current Cyclically Adjusted PB Ratio is 2.16, which is 34% below median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaufman & Broad stock overvalued right now?
Based on GuruFocus' analysis, Kaufman & Broad (XPAR:KOF) is currently considered Modestly Undervalued. The stock's GF Value™ is €30.17, compared to a current price of €25.80 — trading 14.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.16, which is 34% below median its 10-year median of 3.27 and 96.4% above the Homebuilding & Construction industry median of 1.10. Kaufman & Broad's overall GF Score™ is 79/100 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 Kaufman & Broad (XPAR:KOF), the current Cyclically Adjusted PB Ratio is 2.16 as of Jul. 20, 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 Kaufman & Broad (XPAR:KOF) Overvalued in 2026?

Based on GuruFocus' analysis, Kaufman & Broad stock appears to be undervalued. The current stock price of €25.80 is trading 14.5% below its estimated GF Value™ of €30.17. GuruFocus considers Kaufman & Broad to be Modestly Undervalued.

Key valuation signals for XPAR:KOF:

  • Cyclically Adjusted PB Ratio: 2.16 (34% below median its 10-year median of 3.27)
  • GF Value™: €30.17 vs. price of €25.80 (14.5% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 96.4% above the Homebuilding & Construction median (#56 of 74)

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


Kaufman & Broad Business Description

Other Exchanges KOFp:UK0F07:UK3GH:Germany
Address 127, Avenue Charles de Gaulle, Neuilly-sur-Seine, FRA, 92207
Kaufman & Broad SA is a real estate property builder and developer. The company's operating business segments include Housing and Commercial Property segment. Through its Housing segments, it develops single-family homes, apartments, and assisted living facilities. Other business activities include land and building lot sales, contracted project management and showroom services. The company derives the majority of revenue from housing segment.
79GF Score

Get the complete analysis for XPAR:KOF

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

€25.80
Price
€30.17
GF Value