Kirby Corp (KEX)

Water Transportation

Latest Price

$131.25

TTM P/E

20.19

Normalized P/E

30.64

Div Yield

Book Value

64.35

P/B Ratio

2.04

Valuation metrics

EPS: $6.33

Book value / share: $60.32

Formula: √(22.5 × EPS × BVPS)

Graham Number

$92.69

29% downside

Norm. op. income: $242M (median of 7yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$17.56

87% downside

Base FCF: $224M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$54.55

58% downside

EPS: $6.33

Target P/E: 31×

Formula: EPS × P/E

P/E Fair Value

$196.23

+50% upside

98.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	5.39M	$733.0M	10.08%	+115.8K	2026-06-30
Dimensional Fund Advisors LP	2.76M	$375.0M	5.16%	+142.3K	2026-06-30
Vanguard Portfolio Management LLC	2.69M	$365.0M	5.03%	+28.5K	2026-06-30
Goldman Sachs Group Inc	2.66M	$361.0M	4.96%	-172.0K	2026-06-30
Morgan Stanley	2.43M	$330.0M	4.55%	-237.5K	2026-06-30
Vanguard Capital Management LLC	2.42M	$328.0M	4.51%	+8.2K	2026-06-30
State Street Corp	1.65M	$224.0M	3.08%	+9.3K	2026-06-30
First Trust Advisors LP	1.62M	$220.0M	3.02%	+214.2K	2026-06-30
King Luther Capital Management Corp	1.46M	$198.0M	2.72%	-102.9K	2026-06-30
Neuberger Berman Group LLC	1.26M	$171.0M	2.36%	-473.2K	2026-06-30