Kingboard Holdings (FRA:KGZ) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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
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.

FRA:KGZ Kingboard Holdings Ltd FRA:KGZ
75 GF Score
Price €5.95
GF Value €2.97
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Kingboard Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kingboard Holdings  (FRA:KGZ) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Kingboard Holdings Cyclically Adjusted PS Ratio Related Terms


Kingboard Holdings Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Kingboard Holdings's Cyclically Adjusted PS 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.

Kingboard Holdings Cyclically Adjusted PS Ratio Chart

Kingboard Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.61 0.46 0.45 0.62

Kingboard Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Cyclically Adjusted PS 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 0.44 0.44 0.53 0.62 2.44

FRA:KGZ vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Kingboard Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Kingboard Holdings Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

* The bar in red indicates where Kingboard Holdings's Cyclically Adjusted PS Ratio falls into.


FRA:KGZ
75GF Score
Kingboard Holdings Ltd FRA:KGZ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kingboard Holdings Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Kingboard Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Kingboard Holdings's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=4.645/120.7036*120.7036
=4.645

Current CPI (Dec25) = 120.7036.

Kingboard Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 4.046 103.225 4.731
201712 4.688 104.984 5.390
201812 4.630 107.622 5.193
201912 4.322 110.700 4.713
202012 4.449 109.711 4.895
202112 5.574 112.349 5.989
202212 5.411 114.548 5.702
202312 4.233 117.296 4.356
202412 4.607 118.945 4.675
202512 4.645 120.704 4.645

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Kingboard Holdings (FRA:KGZ) Overvalued in 2026?

Based on GuruFocus' analysis, Kingboard Holdings stock appears to be overvalued. The current stock price of €5.95 is trading 100.3% above its estimated GF Value™ of €2.97. GuruFocus considers Kingboard Holdings to be Significantly Overvalued.

Key valuation signals for FRA:KGZ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €2.97 vs. price of €5.95 (100.3% above fair value)
  • GF Score™: 75/100 with 5 warning signs

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


Kingboard Holdings Business Description

Address 3 On Yiu Street, 23rd Floor, Delta House, Shek Mun, Shatin, N.T, Hong Kong, HKG
Kingboard Holdings Ltd is an investment holding company in China. It operates in six segments: laminates, printed circuit boards, chemicals, properties, investments, and others, including service income, manufacture, and sale of magnetic products, and hotel business. The company's products include Tar, coke, methanol, benzene, acetic acid, glass epoxy laminate, paper laminate, single and double-sided printed circuit boards, and others. Geographically, it has operations in China, Thailand, Japan, Korea, Singapore, Europe, America, and Africa, out of which China accounts for the majority of the revenue.
75GF Score

Get the complete analysis for FRA:KGZ

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

€5.95
Price
€2.97
GF Value