The Kroger Co (BSP:K1RC34) Cyclically Adjusted Book per Share: R$68.66 (As of Apr. 2026)

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.

BSP:K1RC34 The Kroger Co BSP:K1RC34
70 GF Score
Price R$334.94
GF Value R$327.79
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is The Kroger Co Cyclically Adjusted Book per Share?

The Kroger Co BSP:K1RC34 70 Cyclically Adjusted Book per Share is R$68.66 as of Apr. 2026. GuruFocus rates BSP:K1RC34 with a GF Score™ of 70/100 and a GF Value™ of R$327.79 (Fairly Valued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

The Kroger Co's adjusted book value per share for the three months ended in Apr. 2026 was R$52.841. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$68.66 for the trailing ten years ended in Apr. 2026.

During the past 12 months, The Kroger Co's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 12.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of The Kroger Co was 109.50% per year. The lowest was 4.00% per year. And the median was 11.90% per year.

As of today (2026-07-16), The Kroger Co's current stock price is R$334.94. The Kroger Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was R$68.66. The Kroger Co's Cyclically Adjusted PB Ratio of today is 4.88.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Kroger Co was 7.66. The lowest was 3.46. And the median was 4.71.


The Kroger Co  (BSP:K1RC34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

The Kroger Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=334.94/68.66
=4.88

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Kroger Co was 7.66. The lowest was 3.46. And the median was 4.71.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


The Kroger Co Cyclically Adjusted Book per Share Related Terms


The Kroger Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for The Kroger Co's Cyclically Adjusted Book per Share 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.

The Kroger Co Cyclically Adjusted Book per Share Chart

The Kroger Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.26 53.23 57.47 75.70 73.09

The Kroger Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted Book per Share 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 74.42 73.73 72.54 73.09 68.66

BSP:K1RC34 vs SFM, ACI, WMK: Cyclically Adjusted Book per Share Comparison

For the Grocery Stores subindustry, The Kroger Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


The Kroger Co Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The Kroger Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Kroger Co's Cyclically Adjusted PB Ratio falls into.


BSP:K1RC34
70GF Score
The Kroger Co BSP:K1RC34
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Kroger Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

For example, The Kroger Co's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book= Book Value per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=52.841/333.0200*333.0200
=52.841

Current CPI (Apr. 2026) = 333.0200.

The Kroger Co Quarterly Data

Book Value per Share CPI Adj_Book
201607 22.836 240.628 31.604
201610 22.550 241.729 31.066
201701 23.125 242.839 31.713
201704 21.136 244.524 28.785
201707 22.066 244.786 30.020
201710 22.592 246.663 30.501
201801 25.585 247.867 34.375
201804 29.231 250.546 38.853
201807 35.363 252.006 46.731
201810 36.065 252.885 47.493
201901 36.916 251.712 48.841
201904 41.458 255.548 54.026
201907 41.041 256.571 53.270
201910 45.381 257.346 58.726
202001 45.316 257.971 58.499
202004 63.276 256.389 82.188
202007 66.820 259.101 85.883
202010 73.951 260.388 94.579
202101 67.806 261.582 86.324
202104 68.028 267.054 84.832
202107 64.361 273.003 78.510
202110 71.478 276.589 86.061
202201 71.898 281.148 85.163
202204 61.486 289.109 70.825
202207 72.403 296.276 81.382
202210 73.023 298.012 81.601
202301 72.821 299.170 81.060
202304 76.304 303.363 83.764
202307 70.847 305.691 77.181
202310 78.711 307.671 85.196
202401 79.340 308.417 85.669
202404 87.555 313.548 92.992
202407 95.985 314.540 101.624
202410 100.274 315.664 105.787
202501 75.501 317.671 79.149
202504 77.511 320.795 80.465
202507 77.465 323.048 79.856
202510 59.077 0.000
202601 51.383 325.252 52.610
202604 52.841 333.020 52.841

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of R$68.66 mean?
The Kroger Co (BSP:K1RC34) has a Cyclically Adjusted Book per Share of R$68.66 as of Apr. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on The Kroger Co and its competitors.
Is The Kroger Co's Cyclically Adjusted Book per Share too high?
The Kroger Co's current Cyclically Adjusted Book per Share is R$68.66. Overall, The Kroger Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Kroger Co's Cyclically Adjusted Book per Share compare to SFM and ACI?
The Kroger Co's Cyclically Adjusted Book per Share of R$68.66 can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Retail - Defensive company?
A good Cyclically Adjusted Book per Share depends on the Retail - Defensive industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on The Kroger Co and its competitors. The Kroger Co's current Cyclically Adjusted Book per Share is R$68.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Kroger Co stock overvalued right now?
Based on GuruFocus' analysis, The Kroger Co (BSP:K1RC34) is currently considered Fairly Valued. The stock's GF Value™ is R$327.79, compared to a current price of R$334.94 — trading 2.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is R$68.66. The Kroger Co's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For The Kroger Co (BSP:K1RC34), the current Cyclically Adjusted Book per Share is R$68.66 as of Apr. 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 The Kroger Co (BSP:K1RC34) Overvalued in 2026?

Based on GuruFocus' analysis, The Kroger Co stock appears to be overvalued. The current stock price of R$334.94 is trading 2.2% above its estimated GF Value™ of R$327.79. GuruFocus considers The Kroger Co to be Fairly Valued.

Key valuation signals for BSP:K1RC34:

  • Cyclically Adjusted Book per Share: R$68.66
  • GF Value™: R$327.79 vs. price of R$334.94 (2.2% above fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the BSP:K1RC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Kroger Co Business Description

Address 1014 Vine Street, Cincinnati, OH, USA, 45202-1100
Founded in 1883, Kroger is the largest pure-play supermarket operator in the United States, operating roughly 2,700 stores across more than 30 banners. Kroger's business is primarily grocery-led (roughly 78% of sales), spanning fresh food and private-label offerings, complemented by fuel centers (9%) and pharmacies (12%). The firm also generates income from advertising, data analytics, and manufacturing.
70GF Score

Get the complete analysis for BSP:K1RC34

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

R$334.94
Price
R$327.79
GF Value