KONE Oyj (LTS:0II2) Cyclically Adjusted PS Ratio: 2.22 (As of Jul. 11, 2026) — 25% Below Median


LTS:0II2 KONE Oyj LTS:0II2
79 GF Score
Price €49.31
GF Value €51.56
Valuation Fairly Valued
! 3 Warning Signs
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What is KONE Oyj Cyclically Adjusted PS Ratio?

KONE Oyj LTS:0II2 -0.54% 79 Cyclically Adjusted PS Ratio is 2.22 as of Jul. 11, 2026, which is 25% below its 10-year median of 2.96. GuruFocus rates LTS:0II2 with a GF Score™ of 79/100 and a GF Value™ of €51.56 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,296 Industrial Products companies, KONE Oyj ranks worse than 56.14% on this metric.

As of today (2026-07-11), KONE Oyj's current share price is €49.305. KONE Oyj's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €22.22. KONE Oyj's Cyclically Adjusted PS Ratio for today is 2.22.

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

LTS:0II2' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.82   Med: 2.96   Max: 4.73
Current: 2.22

During the past years, KONE Oyj's highest Cyclically Adjusted PS Ratio was 4.73. The lowest was 1.82. And the median was 2.96.

LTS:0II2's Cyclically Adjusted PS Ratio is ranked worse than
56.14% of 2296 companies
in the Industrial Products industry
Industry Median: 1.89 vs LTS:0II2: 2.22

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

KONE Oyj's adjusted revenue per share data for the three months ended in Mar. 2026 was €5.233. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €22.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KONE Oyj  (LTS:0II2) 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.


KONE Oyj Cyclically Adjusted PS Ratio Related Terms


KONE Oyj Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KONE Oyj'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.

KONE Oyj Cyclically Adjusted PS Ratio Chart

KONE Oyj 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 3.57 2.42 2.14 2.17 2.77

KONE Oyj Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.32 2.56 2.64 2.77 2.46

LTS:0II2 vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.


KONE Oyj Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, KONE Oyj's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0II2
79GF Score
KONE Oyj LTS:0II2
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KONE Oyj 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.

KONE Oyj's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=49.305/22.22
=2.22

* 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.

KONE Oyj's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, KONE Oyj's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=5.233/124.6700*124.6700
=5.233

Current CPI (Mar. 2026) = 124.6700.

KONE Oyj Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.391 100.390 5.453
201609 4.189 100.540 5.194
201612 5.035 101.020 6.214
201703 3.764 100.910 4.650
201706 4.584 101.140 5.650
201709 4.281 101.320 5.268
201712 4.456 101.510 5.473
201803 3.882 101.730 4.757
201806 4.488 102.320 5.468
201809 4.440 102.600 5.395
201812 4.700 102.710 5.705
201903 4.203 102.870 5.094
201906 4.932 103.360 5.949
201909 4.970 103.540 5.984
201912 5.177 103.650 6.227
202003 4.186 103.490 5.043
202006 4.893 103.320 5.904
202009 4.962 103.710 5.965
202012 5.092 103.890 6.110
202103 4.460 104.870 5.302
202106 5.400 105.360 6.390
202109 5.033 106.290 5.903
202112 5.319 107.490 6.169
202203 4.721 110.950 5.305
202206 4.910 113.570 5.390
202209 5.812 114.920 6.305
202212 5.661 117.320 6.016
202303 4.871 119.750 5.071
202306 5.466 120.690 5.646
202309 5.260 121.280 5.407
202312 5.447 121.540 5.587
202403 4.934 122.360 5.027
202406 5.416 122.230 5.524
202409 5.355 122.260 5.461
202412 5.758 122.390 5.865
202503 5.154 123.010 5.224
202506 5.519 122.530 5.615
202509 5.293 122.880 5.370
202512 5.721 122.670 5.814
202603 5.233 124.670 5.233

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.

What does a Cyclically Adjusted PS Ratio of 2.22 mean?
KONE Oyj (LTS:0II2) has a Cyclically Adjusted PS Ratio of 2.22 as of Jul. 11, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on KONE Oyj and its competitors. This is 25% below median its historical median of 2.96. Over the past decade, KONE Oyj's Cyclically Adjusted PS Ratio has ranged from 1.82 to 4.73. According to the industry distribution chart, KONE Oyj ranks #1289 out of 2296 companies in the Industrial Products industry, placing it in the top 56.1%.
Is KONE Oyj's Cyclically Adjusted PS Ratio too high?
KONE Oyj's current Cyclically Adjusted PS Ratio of 2.22 is 25% below median its 10-year median of 2.96. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 4.73. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.89. KONE Oyj's value of 2.22 is 17.5% above this industry median. Based on the distribution chart, KONE Oyj ranks #1289 out of 2296 companies in the Industrial Products industry, which is below the industry midpoint. Overall, KONE Oyj has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KONE Oyj's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, KONE Oyj ranks #1289 out of 2296 companies for Cyclically Adjusted PS Ratio. This places KONE Oyj in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.89. KONE Oyj's value of 2.22 is 17.5% above this benchmark. Historically, KONE Oyj's own Cyclically Adjusted PS Ratio has ranged from 1.82 to 4.73 over the past decade. While the company's 10-year median is 2.96 vs. the industry median of 1.89, KONE Oyj 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 PS Ratio for an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.89, based on 2,296 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KONE Oyj's current Cyclically Adjusted PS Ratio of 2.22 is 17.5% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on KONE Oyj and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KONE Oyj's current Cyclically Adjusted PS Ratio is 2.22, which is 25% below median its own 10-year median of 2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KONE Oyj stock overvalued right now?
Based on GuruFocus' analysis, KONE Oyj (LTS:0II2) is currently considered Fairly Valued. The stock's GF Value™ is €51.56, compared to a current price of €49.31 — trading 4.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.22, which is 25% below median its 10-year median of 2.96 and 17.5% above the Industrial Products industry median of 1.89. KONE Oyj'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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For KONE Oyj (LTS:0II2), the current Cyclically Adjusted PS Ratio is 2.22 as of Jul. 11, 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 KONE Oyj (LTS:0II2) Overvalued in 2026?

Based on GuruFocus' analysis, KONE Oyj stock appears to be undervalued. The current stock price of €49.31 is trading 4.4% below its estimated GF Value™ of €51.56. GuruFocus considers KONE Oyj to be Fairly Valued.

Key valuation signals for LTS:0II2:

  • Cyclically Adjusted PS Ratio: 2.22 (25% below median its 10-year median of 2.96)
  • GF Value™: €51.56 vs. price of €49.31 (4.4% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 17.5% above the Industrial Products median (#1289 of 2296)

No single metric tells the full story. See the LTS:0II2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KONE Oyj Business Description

Address Keilasatama 3, P.O. Box 7, Espoo, FIN, 02150
Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to closest competitors Otis, Schindler, and TK Elevator.
79GF Score

Get the complete analysis for LTS:0II2

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

€49.31
Price
€51.56
GF Value