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Kirby (KEX) Cyclically Adjusted PS Ratio : 2.22 (As of Apr. 27, 2024)


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What is Kirby Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Kirby's current share price is $112.00. Kirby's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $50.34. Kirby's Cyclically Adjusted PS Ratio for today is 2.22.

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

KEX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.89   Max: 4.31
Current: 2.22

During the past years, Kirby's highest Cyclically Adjusted PS Ratio was 4.31. The lowest was 0.85. And the median was 1.89.

KEX's Cyclically Adjusted PS Ratio is ranked worse than
77.79% of 725 companies
in the Transportation industry
Industry Median: 0.82 vs KEX: 2.22

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.

Kirby's adjusted revenue per share data for the three months ended in Dec. 2023 was $13.470. 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 $50.34 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kirby Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kirby'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.

* Premium members only.

Kirby Cyclically Adjusted PS Ratio Chart

Kirby Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.15 1.20 1.29 1.32 1.56

Kirby Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.32 1.41 1.54 1.64 1.56

Competitive Comparison of Kirby's Cyclically Adjusted PS Ratio

For the Marine Shipping subindustry, Kirby'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.


Kirby's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

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

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



Kirby 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=112.00/50.34
=2.22

* 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 Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kirby's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=13.47/129.4194*129.4194
=13.470

Current CPI (Dec. 2023) = 129.4194.

Kirby Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 10.378 99.695 13.472
201406 11.044 100.560 14.214
201409 11.959 100.428 15.411
201412 11.746 99.070 15.344
201503 10.550 99.621 13.706
201506 9.799 100.684 12.596
201509 9.777 100.392 12.604
201512 9.011 99.792 11.686
201603 8.577 100.470 11.048
201606 8.250 101.688 10.500
201609 8.125 101.861 10.323
201612 8.137 101.863 10.338
201703 9.172 102.862 11.540
201706 8.823 103.349 11.049
201709 9.877 104.136 12.275
201712 11.925 104.011 14.838
201803 12.467 105.290 15.324
201806 13.425 106.317 16.342
201809 11.790 106.507 14.326
201812 12.075 105.998 14.743
201903 12.447 107.251 15.020
201906 12.871 108.070 15.414
201909 11.131 108.329 13.298
201912 10.932 108.420 13.049
202003 10.753 108.902 12.779
202006 9.029 108.767 10.743
202009 8.286 109.815 9.765
202012 8.171 109.897 9.623
202103 8.279 111.754 9.588
202106 9.285 114.631 10.483
202109 9.972 115.734 11.151
202112 9.841 117.630 10.827
202203 10.102 121.301 10.778
202206 11.543 125.017 11.949
202209 12.393 125.227 12.808
202212 12.127 125.222 12.534
202303 12.451 127.348 12.654
202306 12.936 128.729 13.005
202309 12.800 129.860 12.757
202312 13.470 129.419 13.470

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.


Kirby  (NYSE:KEX) 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.


Kirby Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Kirby's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Kirby (KEX) Business Description

Industry
Traded in Other Exchanges
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, black oil, refined petroleum products, and agricultural chemicals by tank barge. 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 revenue is generated from the Marine Transportation segment.
Executives
Christian G. O'neil officer: VP - Human Resources 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Dorman Lynn Strahan officer: President - Marine Systems Inc
David W Grzebinski officer: Executive VP - Finance 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Richard Ross Stewart director 2707 N LOOP WEST 9TH FL, HOUSTON TX 77008
Richard J Alario director C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Amy D. Husted officer: Vice President-Legal 55 WAUGH DRIVE,, SUITE 1000, HOUSTON TX 77007
Ronald A Dragg officer: Controller
Scott P Miller officer: VP - CIO C/O KIRBY CORPORATION, 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Raj Kumar officer: Exec VP and CFO 6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
Kurt A. Niemietz officer: Vice President and Treasurer 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Julie Marie Kruger officer: VP Human Resources 55 WAUGH DRIVE, SUITE 1100, HOUSTON TX 77007
Rocky Dewbre director 46 FLORHAM PARK DR., SPRING TX 77379
Kim B Clarke officer: Vice President of Human Resour C/O KIRBY CORPORATION, 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Susan Leslie Dio director 47 SURREY RUN PLACE, THE WOODLANDS TX 77384
Tanya S Beder director 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451