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Wednesday 4 November 2026 Export KSPI’s income statement to Excel — free account

Joint Stock Company Kaspi.kz Sponsored ADR

KSPI Technology Software Infrastructure

Joint Stock Company Kaspi.kz Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $7.7 billion, up 44.6% from fiscal 2024.

Revenue
+20.7%
EPS
+5.19%
Free cash flow
+73.4%
Total debt
−100.0%

Quarter to June 2026, against a year earlier

92.09 1.30 −1.39%
Market cap
$17.8B
P/E
8.5×
Fwd P/E
6.4×
Dividend yield
—
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) trades at a P/B ratio of 3.1×. Over the past ten years it has ranged from 0.0× (August 2023) to 11.5× (March 2024); the current reading is higher than 22% of that period. That is in line with the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.6×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 3.0× (44.66%)
FY2024 5.4× (37.38%)
FY2023 8.7× —
FY2022 0.0× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 2.9× 13.26%
Mar 2026 2.5× (15.88%)
Dec 2025 3.0× (13.84%)
Sep 2025 3.5× (12.42%)
7 more quarters

Against its own ten years

Low 0.0× High 11.5×
Ten-year median 4.4×
Current reading's percentile 22

P/B ratio against peers

Company P/B ratio
RBRK Rubrik, Inc. compare n/m
GDDY GoDaddy Inc. compare n/m
KSPI Joint Stock Company Kaspi.kz Sponsored ADR 3.1×
FFIV F5, Inc. compare 4.7×
CHKP Check Point Software Technologies Ltd. compare 5.4×
GEN Gen Digital Inc. compare 6.5×
TOST Toast, Inc. compare 9.5×
IOT Samsara Inc. compare 15.0×
NTNX Nutanix compare 24.8×
Software Infrastructure industry median 2.9×
Technology sector median 2.6×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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