KRG (Kite Realty Group Trust) Cyclically Adjusted PB Ratio: 1.32 (As of Aug. 21, 2026) — 39% Above Median

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KRG Kite Realty Group Trust KRG
67 GF Score
Price $26.15
GF Value $22.77
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Kite Realty Group Trust Cyclically Adjusted PB Ratio?

Kite Realty Group Trust KRG -0.46% 67 Cyclically Adjusted PB Ratio is 1.32 as of Aug. 21, 2026, which is 39% above its 10-year median of 0.95. GuruFocus rates KRG with a GF Scoreâ„¢ of 67/100 and a GF Valueâ„¢ of $22.77 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 549 REITs companies, Kite Realty Group Trust ranks worse than 77.6% on this metric.

As of today (2026-08-21), Kite Realty Group Trust's current share price is $26.15. Kite Realty Group Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $19.86. Kite Realty Group Trust's Cyclically Adjusted PB Ratio for today is 1.32.

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

KRG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.95   Max: 1.49
Current: 1.32

During the past years, Kite Realty Group Trust's highest Cyclically Adjusted PB Ratio was 1.49. The lowest was 0.34. And the median was 0.95.

KRG's Cyclically Adjusted PB Ratio is ranked worse than
77.6% of 549 companies
in the REITs industry
Industry Median: 0.8 vs KRG: 1.32

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.

Kite Realty Group Trust's adjusted book value per share data for the three months ended in Jun. 2026 was $14.321. 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 $19.86 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kite Realty Group Trust  (NYSE:KRG) 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.


Kite Realty Group Trust Cyclically Adjusted PB Ratio Related Terms


Kite Realty Group Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kite Realty Group Trust'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.

Kite Realty Group Trust Cyclically Adjusted PB Ratio Chart

Kite Realty Group Trust 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 1.04 0.98 1.07 1.22 1.20

Kite Realty Group Trust 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 1.10 1.10 1.20 1.23 1.43

KRG vs PECO, EPRT, SKT: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Kite Realty Group Trust'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.


Kite Realty Group Trust Cyclically Adjusted PB Ratio vs REITs Industry

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

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


KRG
67GF Score
Kite Realty Group Trust KRG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kite Realty Group Trust 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.

Kite Realty Group Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.15/19.86
=1.32

* 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.

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

For example, Kite Realty Group Trust'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)
=14.321/333.9520*333.9520
=14.321

Current CPI (Jun. 2026) = 333.9520.

Kite Realty Group Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.683 241.428 27.226
201612 19.673 241.432 27.212
201703 19.378 243.801 26.543
201706 19.256 244.955 26.252
201709 18.960 246.819 25.653
201712 18.724 246.524 25.364
201803 18.225 249.554 24.389
201806 17.920 251.989 23.749
201809 17.656 252.439 23.357
201812 16.858 251.233 22.409
201903 16.528 254.202 21.713
201906 16.111 256.143 21.005
201909 15.509 256.759 20.172
201912 15.352 256.974 19.951
202003 14.894 258.115 19.270
202006 14.825 257.797 19.204
202009 14.752 260.280 18.928
202012 14.618 260.474 18.742
202103 14.581 264.877 18.383
202106 14.353 271.696 17.642
202109 14.175 274.310 17.257
202112 17.913 278.802 21.456
202203 17.798 287.504 20.673
202206 17.760 296.311 20.016
202209 17.676 296.808 19.888
202212 17.184 296.797 19.335
202303 16.897 301.836 18.695
202306 16.833 305.109 18.424
202309 16.570 307.789 17.979
202312 16.260 306.746 17.702
202403 16.078 312.332 17.191
202406 15.577 314.175 16.558
202409 15.248 315.301 16.150
202412 15.078 315.605 15.955
202503 14.867 319.799 15.525
202506 15.090 322.561 15.623
202509 14.640 324.800 15.053
202512 14.708 324.054 15.157
202603 14.072 330.213 14.231
202606 14.321 333.952 14.321

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 1.32 mean?
Kite Realty Group Trust (KRG) has a Cyclically Adjusted PB Ratio of 1.32 as of Aug. 21, 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 Kite Realty Group Trust and its competitors. This is 39% above median its historical median of 0.95. Over the past decade, Kite Realty Group Trust's Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.49. According to the industry distribution chart, Kite Realty Group Trust ranks #426 out of 549 companies in the REITs industry, placing it in the top 77.6%.
Is Kite Realty Group Trust's Cyclically Adjusted PB Ratio too high?
Kite Realty Group Trust's current Cyclically Adjusted PB Ratio of 1.32 is 39% above median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.49. The REITs industry median Cyclically Adjusted PB Ratio is 0.80. Kite Realty Group Trust's value of 1.32 is 65% above this industry median. Based on the distribution chart, Kite Realty Group Trust ranks #426 out of 549 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Kite Realty Group Trust has a GF Scoreâ„¢ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kite Realty Group Trust's Cyclically Adjusted PB Ratio compare to PECO and EPRT?
According to the REITs industry distribution chart, Kite Realty Group Trust ranks #426 out of 549 companies for Cyclically Adjusted PB Ratio. This places Kite Realty Group Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.80. Kite Realty Group Trust's value of 1.32 is 65% above this benchmark. Historically, Kite Realty Group Trust's own Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.49 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.80, Kite Realty Group Trust 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.80, based on 549 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. Kite Realty Group Trust's current Cyclically Adjusted PB Ratio of 1.32 is 65% 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 Kite Realty Group Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kite Realty Group Trust's current Cyclically Adjusted PB Ratio is 1.32, which is 39% above median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kite Realty Group Trust stock overvalued right now?
Based on GuruFocus' analysis, Kite Realty Group Trust (KRG) is currently considered Modestly Overvalued. The stock's GF Value™ is $22.77, compared to a current price of $26.15 — trading 14.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.32, which is 39% above median its 10-year median of 0.95 and 65% above the REITs industry median of 0.80. Kite Realty Group Trust's overall GF Score™ is 67/100 with 7 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 Kite Realty Group Trust (KRG), the current Cyclically Adjusted PB Ratio is 1.32 as of Aug. 21, 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 Kite Realty Group Trust (KRG) Overvalued in 2026?

Based on GuruFocus' analysis, Kite Realty Group Trust stock appears to be overvalued. The current stock price of $26.15 is trading 14.8% above its estimated GF Value™ of $22.77. GuruFocus considers Kite Realty Group Trust to be Modestly Overvalued.

Key valuation signals for KRG:

  • Cyclically Adjusted PB Ratio: 1.32 (39% above median its 10-year median of 0.95)
  • GF Value™: $22.77 vs. price of $26.15 (14.8% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 65% above the REITs median (#426 of 549)

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


Kite Realty Group Trust Business Description

Industry Real EstateREITs
Other Exchanges FGC1:Germany
Address 30 South Meridian Street, Suite 1100, Indianapolis, IN, USA, 46204
Kite Realty Group Trust specializing in high-quality, open-air shopping centers and mixed-use assets. Concentrated in the Sun Belt and strategic gateway markets, the company focuses on grocery-anchored, necessity-based retail. The company generates the majority of its revenue from contractual rents and reimbursement payments received from tenants.
67GF Score

Get the complete analysis for KRG

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

$26.15
Price
$22.77
GF Value