KAP AG (LTS:0EWJ) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

LTS:0EWJ KAP AG LTS:0EWJ
32 GF Score
Price €1.18
GF Value €7.38
Valuation Possible Value Trap
! 4 Warning Signs
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What is KAP AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


KAP AG  (LTS:0EWJ) 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.


KAP AG Cyclically Adjusted PS Ratio Related Terms


KAP AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KAP AG'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.

KAP AG Cyclically Adjusted PS Ratio Chart

KAP AG 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 0.43 0.41 0.42 0.18 0.03

KAP AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.42 0.18 0.18 0.03 0.03

LTS:0EWJ vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, KAP AG'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.


KAP AG Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


LTS:0EWJ
32GF Score
KAP AG LTS:0EWJ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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KAP AG 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.

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

For example, KAP AG'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)
=31.073/129.3606*129.3606
=31.073

Current CPI (Dec25) = 129.3606.

KAP AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 58.240 101.217 74.434
201712 53.939 102.617 67.996
201812 54.181 104.217 67.253
201912 45.878 105.818 56.085
202012 41.580 105.518 50.976
202112 44.492 110.384 52.141
202212 55.802 119.345 60.485
202312 36.767 123.773 38.427
202412 32.505 127.041 33.098
202512 31.073 129.361 31.073

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 KAP AG (LTS:0EWJ) Overvalued in 2026?

Based on GuruFocus' analysis, KAP AG stock appears to be undervalued. The current stock price of €1.18 is trading 84% below its estimated GF Value™ of €7.38. GuruFocus considers KAP AG to be Possible Value Trap.

Key valuation signals for LTS:0EWJ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €7.38 vs. price of €1.18 (84% below fair value)
  • GF Score™: 32/100 with 4 warning signs

No single metric tells the full story. See the LTS:0EWJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KAP AG Business Description

Other Exchanges IUR:Germany
Address Edelzeller Strasse 44, Fulda, HE, DEU, 36043
KAP AG is a German industrial holding company that provides engineered products and automotive components. The Flexible films segment generates maximum revenue, it is into extrusion coatings, calendaring and the conditioning of coated products. The engineered products segment includes develops, produces and sells technical fabrics and yarns whereas Surface technologies with chemical and physical conditioning specialized surface processes for refining metallic materials such as aluminum, magnesium, zinc die-casting or steel. Precision components segment manufacturers the precision components Geographically, the business presence of the firm is seen in the region of Germany, Rest of Europe, North/South America, Asia and in Other Countries.
32GF Score

Get the complete analysis for LTS:0EWJ

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

€1.18
Price
€7.38
GF Value