Kilroy Realty (FRA:KRC) Cyclically Adjusted PS Ratio: 3.80 (As of Aug. 03, 2026) — 55% Below Median

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FRA:KRC Kilroy Realty Corp FRA:KRC
48 GF Score
Price €33.40
GF Value €29.49
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Kilroy Realty Cyclically Adjusted PS Ratio?

Kilroy Realty FRA:KRC -1.76% 48 Cyclically Adjusted PS Ratio is 3.80 as of Aug. 03, 2026, which is 55% below its 10-year median of 8.47. GuruFocus rates FRA:KRC with a GF Score™ of 48/100 and a GF Value™ of €29.49 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 545 REITs companies, Kilroy Realty ranks better than 67.16% on this metric.

As of today (2026-08-03), Kilroy Realty's current share price is €33.40. Kilroy Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €8.80. Kilroy Realty's Cyclically Adjusted PS Ratio for today is 3.80.

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

FRA:KRC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.82   Med: 8.47   Max: 12.65
Current: 3.84

During the past years, Kilroy Realty's highest Cyclically Adjusted PS Ratio was 12.65. The lowest was 2.82. And the median was 8.47.

FRA:KRC's Cyclically Adjusted PS Ratio is ranked better than
67.16% of 545 companies
in the REITs industry
Industry Median: 5.88 vs FRA:KRC: 3.84

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Kilroy Realty's adjusted revenue per share data for the three months ended in Jun. 2026 was €2.020. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €8.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kilroy Realty  (FRA:KRC) Cyclically Adjusted PS Ratio Explanation

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


Kilroy Realty Cyclically Adjusted PS Ratio Related Terms


Kilroy Realty Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kilroy Realty's Cyclically Adjusted PS 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.

Kilroy Realty Cyclically Adjusted PS Ratio Chart

Kilroy Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.44 4.49 4.38 4.26 3.81

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 PS 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 3.53 4.30 3.81 2.82 3.70

FRA:KRC vs CDP, SLG, CUZ: Cyclically Adjusted PS Ratio Comparison

For the REIT - Office subindustry, Kilroy Realty's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs REITs Industry

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

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


FRA:KRC
48GF Score
Kilroy Realty Corp FRA:KRC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kilroy Realty Cyclically Adjusted PS Ratio Calculation

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

Kilroy Realty's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.40/8.80
=3.80

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.02/333.9520*333.9520
=2.020

Current CPI (Jun. 2026) = 333.9520.

Kilroy Realty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.614 241.428 2.233
201612 1.708 241.432 2.363
201703 1.710 243.801 2.342
201706 1.626 244.955 2.217
201709 1.540 246.819 2.084
201712 1.513 246.524 2.050
201803 1.494 249.554 1.999
201806 1.599 251.989 2.119
201809 1.579 252.439 2.089
201812 1.656 251.233 2.201
201903 1.755 254.202 2.306
201906 1.743 256.143 2.272
201909 1.857 256.759 2.415
201912 1.856 256.974 2.412
202003 1.865 258.115 2.413
202006 1.686 257.797 2.184
202009 1.676 260.280 2.150
202012 1.622 260.474 2.080
202103 1.695 264.877 2.137
202106 1.604 271.696 1.972
202109 1.688 274.310 2.055
202112 1.973 278.802 2.363
202203 2.059 287.504 2.392
202206 2.189 296.311 2.467
202209 2.377 296.808 2.674
202212 2.287 296.797 2.573
202303 2.329 301.836 2.577
202306 2.236 305.109 2.447
202309 2.262 307.789 2.454
202312 2.094 306.746 2.280
202403 2.173 312.332 2.323
202406 2.216 314.175 2.355
202409 2.209 315.301 2.340
202412 2.303 315.605 2.437
202503 2.111 319.799 2.204
202506 2.118 322.561 2.193
202509 2.006 324.800 2.063
202512 1.951 324.054 2.011
202603 1.986 330.213 2.008
202606 2.020 333.952 2.020

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 3.80 mean?
Kilroy Realty (FRA:KRC) has a Cyclically Adjusted PS Ratio of 3.80 as of Aug. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Kilroy Realty and its competitors. This is 55% below median its historical median of 8.47. Over the past decade, Kilroy Realty's Cyclically Adjusted PS Ratio has ranged from 2.82 to 12.65. According to the industry distribution chart, Kilroy Realty ranks #179 out of 545 companies in the REITs industry, placing it in the top 32.8%.
Is Kilroy Realty's Cyclically Adjusted PS Ratio too high?
Kilroy Realty's current Cyclically Adjusted PS Ratio of 3.80 is 55% below median its 10-year median of 8.47. Over the past 10 years, this metric has ranged from a low of 2.82 to a high of 12.65. The REITs industry median Cyclically Adjusted PS Ratio is 5.88. Kilroy Realty's value of 3.80 is 35.4% below this industry median. Based on the distribution chart, Kilroy Realty ranks #179 out of 545 companies in the REITs industry, which is above the industry midpoint. Overall, Kilroy Realty has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kilroy Realty's Cyclically Adjusted PS Ratio compare to CDP and SLG?
According to the REITs industry distribution chart, Kilroy Realty ranks #179 out of 545 companies for Cyclically Adjusted PS Ratio. This puts Kilroy Realty in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.88. Kilroy Realty's value of 3.80 is 35.4% below this benchmark. Historically, Kilroy Realty's own Cyclically Adjusted PS Ratio has ranged from 2.82 to 12.65 over the past decade. While the company's 10-year median is 8.47 vs. the industry median of 5.88, Kilroy Realty has consistently been below 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 PS Ratio for a REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.88, based on 545 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kilroy Realty's current Cyclically Adjusted PS Ratio of 3.80 is 35.4% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Kilroy Realty and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kilroy Realty's current Cyclically Adjusted PS Ratio is 3.80, which is 55% below median its own 10-year median of 8.47. 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 (FRA:KRC) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.49, compared to a current price of €33.40 — trading 13.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.80, which is 55% below median its 10-year median of 8.47 and 35.4% below the REITs industry median of 5.88. Kilroy Realty's overall GF Score™ is 48/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Kilroy Realty (FRA:KRC), the current Cyclically Adjusted PS Ratio is 3.80 as of Aug. 03, 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 (FRA:KRC) Overvalued in 2026?

Based on GuruFocus' analysis, Kilroy Realty stock appears to be overvalued. The current stock price of €33.40 is trading 13.3% above its estimated GF Value™ of €29.49. GuruFocus considers Kilroy Realty to be Modestly Overvalued.

Key valuation signals for FRA:KRC:

  • Cyclically Adjusted PS Ratio: 3.80 (55% below median its 10-year median of 8.47)
  • GF Value™: €29.49 vs. price of €33.40 (13.3% above fair value)
  • GF Score™: 48/100 with 9 warning signs
  • Industry Position: 35.4% below the REITs median (#179 of 545)

No single metric tells the full story. See the FRA:KRC 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:USAK2RC34:Brazil
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.
48GF Score

Get the complete analysis for FRA:KRC

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

€33.40
Price
€29.49
GF Value