Kimco Realty (MEX:KIM) Cyclically Adjusted PB Ratio: 1.48 (As of Aug. 01, 2026) — Near Median

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.

MEX:KIM Kimco Realty Corp MEX:KIM
76 GF Score
Price MXN401.00
GF Value MXN355.68
! 9 Warning Signs
View Full Analysis

What is Kimco Realty Cyclically Adjusted PB Ratio?

Kimco Realty MEX:KIM 76 Cyclically Adjusted PB Ratio is 1.48 as of Aug. 01, 2026, which is 7% above its 10-year median of 1.38. GuruFocus rates MEX:KIM with a GF Score™ of 76/100 and a GF Value™ of MXN355.68. The stock has 9 warning signs investors should review. Among 554 REITs companies, Kimco Realty ranks worse than 81.41% on this metric.

As of today (2026-08-01), Kimco Realty's current share price is MXN401.00. Kimco Realty's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN271.54. Kimco Realty's Cyclically Adjusted PB Ratio for today is 1.48.

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

MEX:KIM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.38   Max: 2.31
Current: 1.54

During the past years, Kimco Realty's highest Cyclically Adjusted PB Ratio was 2.31. The lowest was 0.59. And the median was 1.38.

MEX:KIM's Cyclically Adjusted PB Ratio is ranked worse than
81.41% of 554 companies
in the REITs industry
Industry Median: 0.81 vs MEX:KIM: 1.54

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.

Kimco Realty's adjusted book value per share data for the three months ended in Mar. 2026 was MXN277.786. 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 MXN271.54 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kimco Realty  (MEX:KIM) 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.


Kimco Realty Cyclically Adjusted PB Ratio Related Terms


Kimco Realty Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kimco Realty'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.

Kimco Realty Cyclically Adjusted PB Ratio Chart

Kimco Realty 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 1.76 1.42 1.38 1.47 1.24

Kimco Realty Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.31 1.29 1.33 1.24 1.36

MEX:KIM vs REG, FRT, BRX: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Kimco 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.


Kimco Realty Cyclically Adjusted PB Ratio vs REITs Industry

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

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


MEX:KIM
76GF Score
Kimco Realty Corp MEX:KIM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kimco Realty 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.

Kimco Realty's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=401.00/271.54
=1.48

* 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.

Kimco Realty's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kimco Realty's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=277.786/330.2130*330.2130
=277.786

Current CPI (Mar. 2026) = 330.2130.

Kimco Realty Quarterly Data

Book Value per Share CPI Adj_Book
201606 233.992 241.018 320.587
201609 241.183 241.428 329.878
201612 254.956 241.432 348.710
201703 230.532 243.801 312.241
201706 222.163 244.955 299.488
201709 222.283 246.819 297.387
201712 248.891 246.524 333.384
201803 231.938 249.554 306.903
201806 252.325 251.989 330.653
201809 238.732 252.439 312.283
201812 248.531 251.233 326.662
201903 244.514 254.202 317.628
201906 240.916 256.143 310.583
201909 229.193 256.759 294.761
201912 212.479 256.974 273.037
202003 260.736 258.115 333.566
202006 296.542 257.797 379.842
202009 279.645 260.280 354.781
202012 257.919 260.474 326.974
202103 267.076 264.877 332.954
202106 262.062 271.696 318.504
202109 330.715 274.310 398.113
202112 329.316 278.802 390.042
202203 322.538 287.504 370.451
202206 318.157 296.311 354.558
202209 315.584 296.808 351.102
202212 299.950 296.797 333.721
202303 280.689 301.836 307.078
202306 266.140 305.109 288.038
202309 269.488 307.789 289.122
202312 260.840 306.746 280.795
202403 261.456 312.332 276.424
202406 287.495 314.175 302.171
202409 307.388 315.301 321.926
202412 326.958 315.605 342.091
202503 318.790 319.799 329.171
202506 292.519 322.561 299.458
202509 284.055 324.800 288.789
202512 277.576 324.054 282.852
202603 277.786 330.213 277.786

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 1.48 mean?
Kimco Realty (MEX:KIM) has a Cyclically Adjusted PB Ratio of 1.48 as of Aug. 01, 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 Kimco Realty and its competitors. This is near median its historical median of 1.38. Over the past decade, Kimco Realty's Cyclically Adjusted PB Ratio has ranged from 0.59 to 2.31. According to the industry distribution chart, Kimco Realty ranks #451 out of 554 companies in the REITs industry, placing it in the top 81.4%.
Is Kimco Realty's Cyclically Adjusted PB Ratio too high?
Kimco Realty's current Cyclically Adjusted PB Ratio of 1.48 is near median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.31. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Kimco Realty's value of 1.48 is 82.7% above this industry median. Based on the distribution chart, Kimco Realty ranks #451 out of 554 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Kimco Realty has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Kimco Realty's Cyclically Adjusted PB Ratio compare to REG and FRT?
According to the REITs industry distribution chart, Kimco Realty ranks #451 out of 554 companies for Cyclically Adjusted PB Ratio. This places Kimco Realty in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Kimco Realty's value of 1.48 is 82.7% above this benchmark. Historically, Kimco Realty's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 2.31 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 0.81, Kimco Realty 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 0.81, based on 554 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. Kimco Realty's current Cyclically Adjusted PB Ratio of 1.48 is 82.7% 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 Kimco Realty and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kimco Realty's current Cyclically Adjusted PB Ratio is 1.48, which is near median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kimco Realty stock overvalued right now?
Kimco Realty (MEX:KIM) has a current Cyclically Adjusted PB Ratio of 1.48. The stock's GF Value™ is MXN355.68, compared to a current price of MXN401.00 — trading 12.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.48, which is near median its 10-year median of 1.38 and 82.7% above the REITs industry median of 0.81. Kimco Realty's overall GF Score™ is 76/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Kimco Realty (MEX:KIM), the current Cyclically Adjusted PB Ratio is 1.48 as of Aug. 01, 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 Kimco Realty (MEX:KIM) Overvalued in 2026?

Based on GuruFocus' analysis, Kimco Realty stock appears to be overvalued. The current stock price of MXN401.00 is trading 12.7% above its estimated GF Value™ of MXN355.68.

Key valuation signals for MEX:KIM:

  • Cyclically Adjusted PB Ratio: 1.48 (near median its 10-year median of 1.38)
  • GF Value™: MXN355.68 vs. price of MXN401.00 (12.7% above fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 82.7% above the REITs median (#451 of 554)

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


Kimco Realty Business Description

Industry Real EstateREITs
Address 500 North Broadway, Suite 201, Jericho, NY, USA, 11753
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 565 shopping centers throughout major markets in the US, representing roughly 100 million square feet.
76GF Score

Get the complete analysis for MEX:KIM

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

MXN401.00
Price
MXN355.68
GF Value