KBR (KBR) Cyclically Adjusted PB Ratio: 2.95 (As of Aug. 09, 2026) — Near Median

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KBR KBR Inc KBR
78 GF Score
Price $38.04
GF Value $60.94
Valuation Significantly Undervalued
! 2 Warning Signs
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What is KBR Cyclically Adjusted PB Ratio?

KBR KBR +1.25% 78 Cyclically Adjusted PB Ratio is 2.95 as of Aug. 09, 2026, which is 3% above its 10-year median of 2.87. GuruFocus rates KBR with a GF Score™ of 78/100 and a GF Value™ of $60.94 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,343 Construction companies, KBR ranks worse than 78.85% on this metric.

As of today (2026-08-09), KBR's current share price is $38.04. KBR's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $12.90. KBR's Cyclically Adjusted PB Ratio for today is 2.95.

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

KBR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 2.87   Max: 6.06
Current: 2.95

During the past years, KBR's highest Cyclically Adjusted PB Ratio was 6.06. The lowest was 0.93. And the median was 2.87.

KBR's Cyclically Adjusted PB Ratio is ranked worse than
78.85% of 1343 companies
in the Construction industry
Industry Median: 1.17 vs KBR: 2.95

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.

KBR's adjusted book value per share data for the three months ended in Jun. 2026 was $12.977. 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 $12.90 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KBR  (NYSE:KBR) 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.


KBR Cyclically Adjusted PB Ratio Related Terms


KBR Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for KBR'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.

KBR Cyclically Adjusted PB Ratio Chart

KBR 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 3.59 4.06 4.51 4.87 3.23

KBR 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 3.90 3.81 3.23 2.90 2.68

KBR vs PRIM, TPC, LGN: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, KBR'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.


KBR Cyclically Adjusted PB Ratio vs Construction Industry

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

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


KBR
78GF Score
KBR Inc KBR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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KBR 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=38.04/12.90
=2.95

* 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.

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

For example, KBR'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)
=12.977/333.9520*333.9520
=12.977

Current CPI (Jun. 2026) = 333.9520.

KBR Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.787 241.428 10.771
201612 5.301 241.432 7.332
201703 5.610 243.801 7.684
201706 5.884 244.955 8.022
201709 6.189 246.819 8.374
201712 8.768 246.524 11.878
201803 10.752 249.554 14.388
201806 11.344 251.989 15.034
201809 11.663 252.439 15.429
201812 12.051 251.233 16.019
201903 12.534 254.202 16.466
201906 12.533 256.143 16.340
201909 12.681 256.759 16.493
201912 12.967 256.974 16.851
202003 11.455 258.115 14.821
202006 11.345 257.797 14.696
202009 11.843 260.280 15.195
202012 11.224 260.474 14.390
202103 11.652 264.877 14.691
202106 10.435 271.696 12.826
202109 10.595 274.310 12.899
202112 11.940 278.802 14.302
202203 11.186 287.504 12.993
202206 11.407 296.311 12.856
202209 11.319 296.808 12.736
202212 11.868 296.797 13.354
202303 12.085 301.836 13.371
202306 11.970 305.109 13.102
202309 11.511 307.789 12.489
202312 10.239 306.746 11.147
202403 10.457 312.332 11.181
202406 10.528 314.175 11.191
202409 11.281 315.301 11.948
202412 10.971 315.605 11.609
202503 10.922 319.799 11.405
202506 11.541 322.561 11.949
202509 11.528 324.800 11.853
202512 11.886 324.054 12.249
202603 12.493 330.213 12.634
202606 12.977 333.952 12.977

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 2.95 mean?
KBR (KBR) has a Cyclically Adjusted PB Ratio of 2.95 as of Aug. 09, 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 KBR and its competitors. This is near median its historical median of 2.87. Over the past decade, KBR's Cyclically Adjusted PB Ratio has ranged from 0.93 to 6.06. According to the industry distribution chart, KBR ranks #1059 out of 1343 companies in the Construction industry, placing it in the top 78.9%.
Is KBR's Cyclically Adjusted PB Ratio too high?
KBR's current Cyclically Adjusted PB Ratio of 2.95 is near median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 6.06. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. KBR's value of 2.95 is 152.1% above this industry median. Based on the distribution chart, KBR ranks #1059 out of 1343 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, KBR has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does KBR's Cyclically Adjusted PB Ratio compare to PRIM and TPC?
According to the Construction industry distribution chart, KBR ranks #1059 out of 1343 companies for Cyclically Adjusted PB Ratio. This places KBR in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. KBR's value of 2.95 is 152.1% above this benchmark. Historically, KBR's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 6.06 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 1.17, KBR 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,343 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. KBR's current Cyclically Adjusted PB Ratio of 2.95 is 152.1% 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 KBR and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KBR's current Cyclically Adjusted PB Ratio is 2.95, which is near median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KBR stock overvalued right now?
Based on GuruFocus' analysis, KBR (KBR) is currently considered Significantly Undervalued. The stock's GF Value™ is $60.94, compared to a current price of $38.04 — trading 37.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.95, which is near median its 10-year median of 2.87 and 152.1% above the Construction industry median of 1.17. KBR's overall GF Score™ is 78/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For KBR (KBR), the current Cyclically Adjusted PB Ratio is 2.95 as of Aug. 09, 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 KBR (KBR) Overvalued in 2026?

Based on GuruFocus' analysis, KBR stock appears to be undervalued. The current stock price of $38.04 is trading 37.6% below its estimated GF Value™ of $60.94. GuruFocus considers KBR to be Significantly Undervalued.

Key valuation signals for KBR:

  • Cyclically Adjusted PB Ratio: 2.95 (near median its 10-year median of 2.87)
  • GF Value™: $60.94 vs. price of $38.04 (37.6% below fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 152.1% above the Construction median (#1059 of 1343)

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


KBR Business Description

Other Exchanges 0JPN:UKK6B:Germany
Address 601 Jefferson Street, Suite 3400, Houston, TX, USA, 77002
KBR, formerly Kellogg Brown & Root, is a global provider of technology, integrated engineering, procurement, and construction delivery, and operations and maintenance services. The company's business is organized into two segments: mission technology solutions and sustainable technology solutions. KBR has operations in over 30 countries and employs approximately 36,000 people. The firm generated $7.8 billion in revenue in 2025.
78GF Score

Get the complete analysis for KBR

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

$38.04
Price
$60.94
GF Value