KION GROUP AG (XSWX:KGX) Cyclically Adjusted PS Ratio: 0.47 (As of Jul. 21, 2026) — 22% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

XSWX:KGX KION GROUP AG XSWX:KGX
79 GF Score
Price CHF37.93
GF Value CHF36.39
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is KION GROUP AG Cyclically Adjusted PS Ratio?

KION GROUP AG XSWX:KGX 79 Cyclically Adjusted PS Ratio is 0.47 as of Jul. 21, 2026, which is 22% below its 10-year median of 0.60. GuruFocus rates XSWX:KGX with a GF Score™ of 79/100 and a GF Value™ of CHF36.39 (Fairly Valued). The stock has 4 warning signs investors should review. Among 169 Farm & Heavy Construction Machinery companies, KION GROUP AG ranks better than 77.51% on this metric.

As of today (2026-07-21), KION GROUP AG's current share price is CHF37.93. KION GROUP AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was CHF81.42. KION GROUP AG's Cyclically Adjusted PS Ratio for today is 0.47.

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

XSWX:KGX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.6   Max: 1.48
Current: 0.46

During the past years, KION GROUP AG's highest Cyclically Adjusted PS Ratio was 1.48. The lowest was 0.26. And the median was 0.60.

XSWX:KGX's Cyclically Adjusted PS Ratio is ranked better than
77.51% of 169 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.04 vs XSWX:KGX: 0.46

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.

KION GROUP AG's adjusted revenue per share data for the three months ended in Mar. 2026 was CHF19.241. 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 CHF81.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KION GROUP AG  (XSWX:KGX) 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.


KION GROUP AG Cyclically Adjusted PS Ratio Related Terms


KION GROUP AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KION GROUP 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.

KION GROUP AG Cyclically Adjusted PS Ratio Chart

KION GROUP 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 1.40 0.36 0.49 0.38 0.78

KION GROUP AG 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 0.45 0.55 0.66 0.78 0.50

XSWX:KGX vs CAT, DE, PCAR: Cyclically Adjusted PS Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, KION GROUP 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.


KION GROUP AG Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, KION GROUP AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XSWX:KGX
79GF Score
KION GROUP AG XSWX:KGX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KION GROUP 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.

KION GROUP AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=37.93/81.42
=0.47

* 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.

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

For example, KION GROUP AG'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)
=19.241/131.2583*131.2583
=19.241

Current CPI (Mar. 2026) = 131.2583.

KION GROUP AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.716 100.717 19.178
201609 13.014 101.017 16.910
201612 17.225 101.217 22.337
201703 17.414 101.417 22.538
201706 19.169 102.117 24.639
201709 17.704 102.717 22.623
201712 21.953 102.617 28.080
201803 18.010 102.917 22.970
201806 19.633 104.017 24.775
201809 18.041 104.718 22.614
201812 21.150 104.217 26.638
201903 19.832 104.217 24.978
201906 21.444 105.718 26.625
201909 19.846 106.018 24.571
201912 21.594 105.818 26.786
202003 18.215 105.718 22.616
202006 17.246 106.618 21.232
202009 18.931 105.818 23.482
202012 20.810 105.518 25.887
202103 20.053 107.518 24.481
202106 21.631 108.486 26.172
202109 21.248 109.435 25.485
202112 21.914 110.384 26.058
202203 21.350 113.968 24.589
202206 21.921 115.760 24.856
202209 19.894 118.818 21.977
202212 21.774 119.345 23.948
202303 21.020 122.402 22.541
202306 21.106 123.140 22.497
202309 19.992 124.195 21.129
202312 22.202 123.773 23.545
202403 21.064 125.038 22.112
202406 21.114 125.882 22.016
202409 19.359 126.198 20.135
202412 21.848 127.041 22.573
202503 20.315 127.779 20.868
202506 19.376 128.412 19.806
202509 19.272 129.255 19.571
202512 22.042 129.361 22.365
202603 19.241 131.258 19.241

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 0.47 mean?
KION GROUP AG (XSWX:KGX) has a Cyclically Adjusted PS Ratio of 0.47 as of Jul. 21, 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 KION GROUP AG and its competitors. This is 22% below median its historical median of 0.60. Over the past decade, KION GROUP AG's Cyclically Adjusted PS Ratio has ranged from 0.26 to 1.48. According to the industry distribution chart, KION GROUP AG ranks #38 out of 169 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 22.5%.
Is KION GROUP AG's Cyclically Adjusted PS Ratio too high?
KION GROUP AG's current Cyclically Adjusted PS Ratio of 0.47 is 22% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.48. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PS Ratio is 1.04. KION GROUP AG's value of 0.47 is 54.8% below this industry median. Based on the distribution chart, KION GROUP AG ranks #38 out of 169 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, KION GROUP AG has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KION GROUP AG's Cyclically Adjusted PS Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, KION GROUP AG ranks #38 out of 169 companies for Cyclically Adjusted PS Ratio. This places KION GROUP AG in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.04. KION GROUP AG's value of 0.47 is 54.8% below this benchmark. Historically, KION GROUP AG's own Cyclically Adjusted PS Ratio has ranged from 0.26 to 1.48 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 1.04, KION GROUP AG has consistently been below 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 a Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.04, based on 169 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. KION GROUP AG's current Cyclically Adjusted PS Ratio of 0.47 is 54.8% below 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 KION GROUP AG and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KION GROUP AG's current Cyclically Adjusted PS Ratio is 0.47, which is 22% below median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KION GROUP AG stock overvalued right now?
Based on GuruFocus' analysis, KION GROUP AG (XSWX:KGX) is currently considered Fairly Valued. The stock's GF Value™ is CHF36.39, compared to a current price of CHF37.93 — trading 4.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.47, which is 22% below median its 10-year median of 0.60 and 54.8% below the Farm & Heavy Construction Machinery industry median of 1.04. KION GROUP AG's overall GF Score™ is 79/100 with 4 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 KION GROUP AG (XSWX:KGX), the current Cyclically Adjusted PS Ratio is 0.47 as of Jul. 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 KION GROUP AG (XSWX:KGX) Overvalued in 2026?

Based on GuruFocus' analysis, KION GROUP AG stock appears to be overvalued. The current stock price of CHF37.93 is trading 4.2% above its estimated GF Value™ of CHF36.39. GuruFocus considers KION GROUP AG to be Fairly Valued.

Key valuation signals for XSWX:KGX:

  • Cyclically Adjusted PS Ratio: 0.47 (22% below median its 10-year median of 0.60)
  • GF Value™: CHF36.39 vs. price of CHF37.93 (4.2% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 54.8% below the Farm & Heavy Construction Machinery median (#38 of 169)

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


KION GROUP AG Business Description

Address Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549
KION GROUP AG is a provider of industrial trucks and supply chain solutions. Its portfolio encompasses industrial trucks, such as forklift trucks and warehouse trucks, as well as integrated automation technology and software solutions for the optimization of supply chains, including all related services. The company's segment include: Industrial Trucks & Services, Supply Chain Solutions, and Corporate Services. of which it derives maximum revenue from Industrial Trucks & Services. Geographically, it operates in EMEA (western Europe, eastern Europe, Middle East, and Africa), Americas (North America, Central and South America), and APAC (China, and APAC excluding China), of which it derives maximum revenue from EMEA (western Europe, eastern Europe, Middle East, and Africa).
79GF Score

Get the complete analysis for XSWX:KGX

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

CHF37.93
Price
CHF36.39
GF Value