Kirby (FRA:KIY) Cyclically Adjusted PB Ratio: 2.14 (As of Aug. 16, 2026) — 18% Above Median

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FRA:KIY Kirby Corp FRA:KIY
77 GF Score
Price €117.00
GF Value €110.09
Valuation Fairly Valued
! 5 Warning Signs
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What is Kirby Cyclically Adjusted PB Ratio?

Kirby FRA:KIY +0.86% 77 Cyclically Adjusted PB Ratio is 2.14 as of Aug. 16, 2026, which is 18% above its 10-year median of 1.82. GuruFocus rates FRA:KIY with a GF Score™ of 77/100 and a GF Value™ of €110.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 727 Transportation companies, Kirby ranks worse than 72.49% on this metric.

As of today (2026-08-16), Kirby's current share price is €117.00. Kirby's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €54.69. Kirby's Cyclically Adjusted PB Ratio for today is 2.14.

The historical rank and industry rank for Kirby's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:KIY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.82   Max: 2.71
Current: 2.18

During the past years, Kirby's highest Cyclically Adjusted PB Ratio was 2.71. The lowest was 0.83. And the median was 1.82.

FRA:KIY's Cyclically Adjusted PB Ratio is ranked worse than
72.49% of 727 companies
in the Transportation industry
Industry Median: 1.29 vs FRA:KIY: 2.18

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.

Kirby's adjusted book value per share data for the three months ended in Jun. 2026 was €56.303. 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 €54.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kirby  (FRA:KIY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Kirby Cyclically Adjusted PB Ratio Related Terms


Kirby Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kirby's Cyclically Adjusted 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.

Kirby Cyclically Adjusted PB Ratio Chart

Kirby Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 1.18 1.37 1.78 1.79

Kirby Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB 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 1.86 1.36 1.79 2.12 2.14

FRA:KIY vs MATX, SBLK, ZIM: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Kirby'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.


Kirby Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Kirby's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:KIY
77GF Score
Kirby Corp FRA:KIY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kirby Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Kirby's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=117.00/54.69
=2.14

* 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.

Kirby's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Kirby'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)
=56.303/333.9520*333.9520
=56.303

Current CPI (Jun. 2026) = 333.9520.

Kirby Quarterly Data

Book Value per Share CPI Adj_Book
201609 39.368 241.428 54.455
201612 42.411 241.432 58.663
201703 42.103 243.801 57.672
201706 40.769 244.955 55.581
201709 40.380 246.819 54.635
201712 44.039 246.524 59.657
201803 42.655 249.554 57.081
201806 45.526 251.989 60.334
201809 46.229 252.439 61.156
201812 47.180 251.233 62.714
201903 48.222 254.202 63.351
201906 49.038 256.143 63.934
201909 51.084 256.759 66.442
201912 50.564 256.974 65.711
202003 47.085 258.115 60.919
202006 45.095 257.797 58.416
202009 43.487 260.280 55.796
202012 42.228 260.474 54.140
202103 43.130 264.877 54.378
202106 42.831 271.696 52.645
202109 40.212 274.310 48.955
202112 42.495 278.802 50.901
202203 43.811 287.504 50.889
202206 46.155 296.311 52.018
202209 50.130 296.808 56.404
202212 47.949 296.797 53.952
202303 47.991 301.836 53.097
202306 48.173 305.109 52.727
202309 49.882 307.789 54.122
202312 49.822 306.746 54.241
202403 50.744 312.332 54.257
202406 52.240 314.175 55.528
202409 51.656 315.301 54.712
202412 55.905 315.605 59.155
202503 54.580 319.799 56.995
202506 52.406 322.561 54.257
202509 52.317 324.800 53.791
202512 53.690 324.054 55.330
202603 55.232 330.213 55.857
202606 56.303 333.952 56.303

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

What does a Cyclically Adjusted PB Ratio of 2.14 mean?
Kirby (FRA:KIY) has a Cyclically Adjusted PB Ratio of 2.14 as of Aug. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kirby and its competitors. This is 18% above median its historical median of 1.82. Over the past decade, Kirby's Cyclically Adjusted PB Ratio has ranged from 0.83 to 2.71. According to the industry distribution chart, Kirby ranks #527 out of 727 companies in the Transportation industry, placing it in the top 72.5%.
Is Kirby's Cyclically Adjusted PB Ratio too high?
Kirby's current Cyclically Adjusted PB Ratio of 2.14 is 18% above median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 2.71. The Transportation industry median Cyclically Adjusted PB Ratio is 1.29. Kirby's value of 2.14 is 65.9% above this industry median. Based on the distribution chart, Kirby ranks #527 out of 727 companies in the Transportation industry, which is below the industry midpoint. Overall, Kirby has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kirby's Cyclically Adjusted PB Ratio compare to MATX and SBLK?
According to the Transportation industry distribution chart, Kirby ranks #527 out of 727 companies for Cyclically Adjusted PB Ratio. This places Kirby in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Kirby's value of 2.14 is 65.9% above this benchmark. Historically, Kirby's own Cyclically Adjusted PB Ratio has ranged from 0.83 to 2.71 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 1.29, Kirby 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 Cyclically Adjusted PB Ratio for a Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.29, based on 727 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kirby's current Cyclically Adjusted PB Ratio of 2.14 is 65.9% 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 Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kirby and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kirby's current Cyclically Adjusted PB Ratio is 2.14, which is 18% above median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kirby stock overvalued right now?
Based on GuruFocus' analysis, Kirby (FRA:KIY) is currently considered Fairly Valued. The stock's GF Value™ is €110.09, compared to a current price of €117.00 — trading 6.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.14, which is 18% above median its 10-year median of 1.82 and 65.9% above the Transportation industry median of 1.29. Kirby's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Kirby (FRA:KIY), the current Cyclically Adjusted PB Ratio is 2.14 as of Aug. 16, 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 Kirby (FRA:KIY) Overvalued in 2026?

Based on GuruFocus' analysis, Kirby stock appears to be overvalued. The current stock price of €117.00 is trading 6.3% above its estimated GF Value™ of €110.09. GuruFocus considers Kirby to be Fairly Valued.

Key valuation signals for FRA:KIY:

  • Cyclically Adjusted PB Ratio: 2.14 (18% above median its 10-year median of 1.82)
  • GF Value™: €110.09 vs. price of €117.00 (6.3% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 65.9% above the Transportation median (#527 of 727)

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


Kirby Business Description

Other Exchanges KEX:USAKIY:Germany
Address 55 Waugh Drive, Suite 1000, Houston, TX, USA, 77007
Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, liquid cargoes, inland waterway systems, and dry bulk cargoes. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's majority revenue is generated from the Marine Transportation segment.
77GF Score

Get the complete analysis for FRA:KIY

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

€117.00
Price
€110.09
GF Value