Kilroy Realty (BSP:K2RC34) Cyclically Adjusted Book per Share: R$32.91 (As of Jun. 2026)

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BSP:K2RC34 Kilroy Realty Corp BSP:K2RC34
19 GF Score
Price R$24.72
GF Value R$21.48
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Kilroy Realty Cyclically Adjusted Book per Share?

Kilroy Realty BSP:K2RC34 -1.20% 19 Cyclically Adjusted Book per Share is R$32.91 as of Jun. 2026. GuruFocus rates BSP:K2RC34 with a GF Score™ of 19/100 and a GF Value™ of R$21.48 (Modestly Overvalued). The stock has 9 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.

Kilroy Realty's adjusted book value per share for the three months ended in Jun. 2026 was R$230.246. 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$32.91 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Kilroy Realty's average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.60% 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 Kilroy Realty was 10.80% per year. The lowest was -1.30% per year. And the median was 6.60% per year.

As of today (2026-08-03), Kilroy Realty's current stock price is R$24.72. Kilroy Realty's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$32.91. Kilroy Realty's Cyclically Adjusted PB Ratio of today is 0.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kilroy Realty was 3.10. The lowest was 0.56. And the median was 1.75.


Kilroy Realty  (BSP:K2RC34) 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.

Kilroy Realty's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.72/32.91
=0.75

* 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 Kilroy Realty was 3.10. The lowest was 0.56. And the median was 1.75.


Be Aware

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


Kilroy Realty Cyclically Adjusted Book per Share Related Terms


Kilroy Realty Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Kilroy Realty'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.

Kilroy Realty Cyclically Adjusted Book per Share Chart

Kilroy Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Kilroy Realty Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 32.91

BSP:K2RC34 vs CDP, SLG, CUZ: Cyclically Adjusted Book per Share Comparison

For the REIT - Office subindustry, Kilroy Realty'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.


Kilroy Realty Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Kilroy Realty's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:K2RC34
19GF Score
Kilroy Realty Corp BSP:K2RC34
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kilroy Realty 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, Kilroy Realty's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=230.246/333.9520*333.9520
=230.246

Current CPI (Jun. 2026) = 333.9520.

Kilroy Realty Quarterly Data

Book Value per Share CPI Adj_Book
201609 115.316 241.428 159.509
201612 120.553 241.432 166.751
201703 116.573 243.801 159.679
201706 122.641 244.955 167.199
201709 117.486 246.819 158.961
201712 123.647 246.524 167.498
201803 122.311 249.554 163.676
201806 142.610 251.989 188.996
201809 155.167 252.439 205.271
201812 151.482 251.233 201.358
201903 148.905 254.202 195.621
201906 149.518 256.143 194.937
201909 165.719 256.759 215.541
201912 166.227 256.974 216.021
202003 211.985 258.115 274.269
202006 223.988 257.797 290.156
202009 232.787 260.280 298.677
202012 223.013 260.474 285.923
202103 264.128 264.877 333.008
202106 235.200 271.696 289.093
202109 246.787 274.310 300.445
202112 264.142 278.802 316.392
202203 231.319 287.504 268.690
202206 233.785 296.311 263.483
202209 244.034 296.808 274.574
202212 244.011 296.797 274.558
202303 241.645 301.836 267.357
202306 225.089 305.109 246.367
202309 228.903 307.789 248.360
202312 226.859 306.746 246.980
202403 229.672 312.332 245.570
202406 248.034 314.175 263.647
202409 252.401 315.301 267.331
202412 278.159 315.605 294.329
202503 260.787 319.799 272.328
202506 251.587 322.561 260.472
202509 247.758 324.800 254.739
202512 249.842 324.054 257.473
202603 236.798 330.213 239.479
202606 230.246 333.952 230.246

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$32.91 mean?
Kilroy Realty (BSP:K2RC34) has a Cyclically Adjusted Book per Share of R$32.91 as of Jun. 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 Kilroy Realty and its competitors.
Is Kilroy Realty's Cyclically Adjusted Book per Share too high?
Kilroy Realty's current Cyclically Adjusted Book per Share is R$32.91. Overall, Kilroy Realty has a GF Score™ of 19/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kilroy Realty's Cyclically Adjusted Book per Share compare to CDP and SLG?
Kilroy Realty's Cyclically Adjusted Book per Share of R$32.91 can be compared against companies in the REITs 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 REITs company?
A good Cyclically Adjusted Book per Share depends on the REITs 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 Kilroy Realty and its competitors. Kilroy Realty's current Cyclically Adjusted Book per Share is R$32.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kilroy Realty stock overvalued right now?
Based on GuruFocus' analysis, Kilroy Realty (BSP:K2RC34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$21.48, compared to a current price of R$24.72 — trading 15.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is R$32.91. Kilroy Realty's overall GF Score™ is 19/100 with 9 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 Kilroy Realty (BSP:K2RC34), the current Cyclically Adjusted Book per Share is R$32.91 as of Jun. 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 Kilroy Realty (BSP:K2RC34) Overvalued in 2026?

Based on GuruFocus' analysis, Kilroy Realty stock appears to be overvalued. The current stock price of R$24.72 is trading 15.1% above its estimated GF Value™ of R$21.48. GuruFocus considers Kilroy Realty to be Modestly Overvalued.

Key valuation signals for BSP:K2RC34:

  • Cyclically Adjusted Book per Share: R$32.91
  • GF Value™: R$21.48 vs. price of R$24.72 (15.1% above fair value)
  • GF Score™: 19/100 with 9 warning signs

No single metric tells the full story. See the BSP:K2RC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kilroy Realty Business Description

Industry Real EstateREITs
Other Exchanges KRC:USAKRC:Germany
Address 12200 West Olympic Boulevard, Suite 200, Los Angeles, CA, USA, 90064
Kilroy Realty is a premier owner and landlord of approximately 16.3 million square feet of office space across Los Angeles, San Diego, the San Francisco Bay Area, Austin, Texas, and greater Seattle. The company operates as a real estate investment trust.
19GF Score

Get the complete analysis for BSP:K2RC34

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

R$24.72
Price
R$21.48
GF Value