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Kirby Corporation (KEX) Fair Value & Analysis

Industrials · US · Market cap $7.7B

KC Kirby Corporation logo Kirby Corporation KEX · US
Price$131.29
Fair Value$133.33
Upside+1.6%
Quality67/100
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Healthy Growth
Solidly profitable · 10.5% net margin
Low debt · generates free cash flow
Trails peers (5/14)
Moderate moat 50/100
Evidence: High Range $76.11 – $172.40 Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from $135.51 to $133.33 (−1.6%) since Jun 24, 2026. Share price −7.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($76.11 to $172.40) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$152.59 $47.96 Fair Value $133.33 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $47.96 – $152.59 · fair‑value band $76.11 – $172.40 · the $131.29 price screens below the $133.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Kirby Corporation (KEX) currently trades at $131.29, while our model-based Fair Value estimate is $133.33, implying the stock looks roughly 1.6% fairly valued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Kirby Corporation generated revenue of $3.4B at a net margin of 10.5%. Revenue grew 7.4% year over year. It earns a return on equity of 10.7%. Net debt stands at $1.2B. Fundamentals as of Jul 17, 2026

Our scenario range runs from $76.11 (bear case) to $172.40 (bull case); at $131.29, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 2%, KEX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $71.88 $125.21 $206.98 80
Residual Income $55.10 $61.68 $109.23 76
Rev-Margin DCF $64.85 $117.41 $181.77 74
All 24 models by family
DCF Models
FCF DCF $71.73 $128.02 $216.37 38
Owner Earnings $60.65 $109.79 $186.92 31
5Y Revenue Exit $64.85 $117.96 $187.68 39
5Y EBITDA Exit $96.04 $179.32 $280.49 41
5Y P/E Exit $76.36 $140.61 $211.00 38
10Y Revenue Exit $64.01 $113.52 $184.32 36
10Y EBITDA Exit $86.30 $156.33 $256.91 37
10Y P/E Exit $73.78 $129.32 $202.56 35
Earnings-Based
Graham-Dodd $45.09 $175.70 $238.37 54
Lynch FV $43.17 $61.67 $80.17 50
PEG = 1.0 $43.17 $61.67 $80.17 46
EPV $48.26 $58.34 $67.03 59
Multiples
P/E Multiple $104.44 $139.25 $174.06 63
P/S Multiple $84.54 $112.73 $140.91 58
P/B Multiple $84.54 $112.73 $140.91 55
EV/EBIT $101.61 $140.68 $179.74 53
EV/EBITDA $122.20 $168.12 $214.05 54
EV/Revenue $63.69 $97.66 $131.63 43
Asset-Based
NCAV (Graham) $31.61 $42.36 $63.22 50
Growth DCF
Growth DCF $71.88 $125.21 $206.98 80
Rev-Margin DCF $64.85 $117.41 $181.77 74
Economic Profit
Residual Income $55.10 $61.68 $109.23 76
ROIC Compounder $48.26 $58.34 $72.34 72
Growth Earnings
Growth-Adj P/E $77.32 $110.46 $143.60 68

Widest divergence: DCF Models ($128.02) versus Asset-Based ($42.36). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $3.4B
Revenue growth (YoY) +7.4%
Net margin 10.5%
Return on equity 10.7%
Free cash flow $406M FY2025
P/E ratio 22.1
More key figures
Operating margin 13.3%
EPS (TTM) $6.50
EPS growth (YoY) +12.8%
Net debt $1.2B FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 66 · Market factors (momentum, volatility) 62

Profitability 40
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessels transporting bulk liquid product, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and coastwise along three United States coasts, Alaska, …

Full company description

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessels transporting bulk liquid product, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and coastwise along three United States coasts, Alaska, and Hawaii. It transports petrochemicals, black oils, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barges and tugboat units that are involved in the offshore transportation of dry-bulk cargos in the United States coastal trade. It owns and operates 1,105 inland tank barges, approximately 266 inland towboats, 28 coastal tank barges, 24 coastal tugboats, 2 offshore dry-bulk cargo barges, 3 offshore tugboats, and a docking tugboat. Its Distribution and Services segment sells after-market service and genuine replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, electrical distribution and control systems, energy storage battery systems, and related oilfield service equipment; rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment for use in oilfield services, marine, power generation, on-highway, and other industrial applications; rents generators, industrial compressors, high capacity lift trucks, and refrigeration trailers; and manufactures and remanufactures oilfield service equipment, including pressure pumping units, as well as manufacturers electric power generation equipment, specialized electrical distribution and control equipment, and high capacity energy storage/battery systems. It serves various companies in the United States government, and pleasure crafts. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kirby Corporation reported revenue of $3.4B in FY2025 versus $2.2B in FY2021, a compound +10.6%/yr. Reported net income was $355M in FY2025.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$3.4B
Latest YoY
+3.0%
Avg. growth/yr (3Y)
+6.5%
Avg. growth/yr (5Y)
+9.2%
Avg. growth/yr (40Y)
+10.1%
Revenue +10.6%/yr
FY21 $2.2B
FY22 $2.8B
FY23 $3.1B
FY24 $3.3B
FY25 $3.4B
Net income
FY21 −$247M
FY22 $122M
FY23 $223M
FY24 $287M
FY25 $355M

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Cite: Fair Value Calculator (2026). "Kirby Corporation Fair Value". https://www.fairvalue-calculator.com/stock/KEX

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Marine Shipping · 231 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside +2% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 5% · Above median
Net margin (TTM) 11% · Below median
Operating margin (TTM) 13% · Below median
Revenue growth 7% · Above median
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 22.1× · Pricier than median
P/B 2.27× · Pricier than 75% of peers
P/S (TTM) 2.24× · Pricier than median
P/FCF 18.9× · Pricier than 75% of peers
EV/EBITDA 10.9× · Pricier than 75% of peers
PEG 2.63× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 35 · sector 29
FUTURE 37 · sector 18
PAST 43 · sector 27
HEALTH 87 · sector 88
DIVIDEND 0 · sector 47

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is Kirby Corporation (KEX) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $133.33 versus a price of $131.29, about +2% (fairly valued).
What is the fair value of KEX?
Our model-based fair value for Kirby Corporation is $133.33 (as of Jul 17, 2026), built from audited fundamentals. The current price is $131.29.
What is the quality score of KEX?
Kirby Corporation has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kirby Corporation (KEX)?
Kirby Corporation reported trailing-twelve-month revenue of about $3.4B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of KEX?
The net profit margin of Kirby Corporation is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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