KONE OyjHAM:KC4 -0.93%87 PB Ratio is 12.04 as of Jun. 26, 2026, which is 19% above its 10-year median of 10.14. GuruFocus rates HAM:KC4 with a GF Score™ of 87/100 and a GF Value™ of €51.41 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,986 Industrial Products companies, KONE Oyj ranks worse than 93.57% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), KONE Oyj's share price is €48.86. KONE Oyj's Book Value per Share for the quarter that ended in Mar. 2026 was €4.06. Hence, KONE Oyj's PB Ratio of today is 12.04.
The historical rank and industry rank for KONE Oyj's PB Ratio or its related term are showing as below:
HAM:KC4'
s PB Ratio Range Over the Past 10 Years
Min: 6.84 Med: 10.14 Max: 16.19
Current: 12.14
During the past 13 years, KONE Oyj's highest PB Ratio was 16.19. The lowest was 6.84. And the median was 10.14.
HAM:KC4's PB Ratio is ranked worse than 93.57% of 2986
companies
in the Industrial Products industry
Industry Median: 2.27
vs HAM:KC4: 12.14
During the past 12 months, KONE Oyj's average Book Value Per Share Growth Rate was 0.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of KONE Oyj was 28.50% per year. The lowest was -14.70% per year. And the median was 1.75% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
KONE Oyj PB Ratio Related Terms
KONE Oyj PB Ratio Historical Data
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The historical data trend for KONE Oyj's 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.
For the Specialty Industrial Machinery subindustry, KONE Oyj's PB Ratio, along with its competitors' market caps and 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.
KONE Oyj PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, KONE Oyj's PB Ratio distribution charts can be found below:
* The bar in red indicates where KONE Oyj's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
KONE Oyj's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
KONE Oyj (HAM:KC4) has a PB Ratio of 12.04 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on KONE Oyj and its competitors. This is 19% above median its historical median of 10.14. Over the past decade, KONE Oyj's PB Ratio has ranged from 6.84 to 16.19. According to the industry distribution chart, KONE Oyj ranks #2794 out of 2986 companies in the Industrial Products industry, placing it in the top 93.6%.
Is KONE Oyj's PB Ratio too high?
KONE Oyj's current PB Ratio of 12.04 is 19% above median its 10-year median of 10.14. Over the past 10 years, this metric has ranged from a low of 6.84 to a high of 16.19. The Industrial Products industry median PB Ratio is 2.27. KONE Oyj's value of 12.04 is 430.4% above this industry median. Based on the distribution chart, KONE Oyj ranks #2794 out of 2986 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, KONE Oyj has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KONE Oyj's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, KONE Oyj ranks #2794 out of 2986 companies for PB Ratio. This places KONE Oyj in the lower half of its industry. The industry median PB Ratio is 2.27. KONE Oyj's value of 12.04 is 430.4% above this benchmark. Historically, KONE Oyj's own PB Ratio has ranged from 6.84 to 16.19 over the past decade. While the company's 10-year median is 10.14 vs. the industry median of 2.27, 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 PB Ratio for an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.27, based on 2,986 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KONE Oyj's current PB Ratio of 12.04 is 430.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on KONE Oyj and its competitors. For the Industrial Products industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KONE Oyj's current PB Ratio is 12.04, which is 19% above median its own 10-year median of 10.14. 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 (HAM:KC4) is currently considered Fairly Valued. The stock's GF Value™ is €51.41, compared to a current price of €48.86 — trading 5% below its estimated fair value. The current PB Ratio is 12.04, which is 19% above median its 10-year median of 10.14 and 430.4% above the Industrial Products industry median of 2.27. KONE Oyj's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For KONE Oyj (HAM:KC4), the current PB Ratio is 12.04 as of Jun. 26, 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 (HAM:KC4) Overvalued in 2026?
Based on GuruFocus' analysis, KONE Oyj stock appears to be undervalued.
The current stock price of €48.86 is trading 5% below its estimated GF Value™ of €51.41.
GuruFocus considers KONE Oyj to be Fairly Valued.
Key valuation signals for HAM:KC4:
PB Ratio: 12.04 (19% above median its 10-year median of 10.14)
GF Value™: €51.41 vs. price of €48.86 (5% below fair value)
Industry Position: 430.4% above the Industrial Products median (#2794 of 2986)
No single metric tells the full story. See the HAM:KC4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
87GF Score
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