NYSE: KBR · Engineering & Construction
KBR (KBR) fair value and price range
As of 31 Oct 2026, Faircurve's model values KBR (KBR) at $42.86 a share. The stock last closed at $38.04, which puts the model's fair value 12.7% above the price. The model grades the evidence behind this valuation as low, so no verdict is shown. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It does not say how likely the fair value is to be right.
Revalued . Price is the close of 5 Nov 2026. KBR, Inc.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $40.97 to $42.86 (+4.6%). The model's quality adjustment to the peer multiple moved, lifting the fair value: most of the move.
What the model makes of itThe price of $38.04 is 12.7% below it. The model grades the evidence behind this valuation as low, so no verdict is shown. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It does not say how likely the fair value is to be right.
What's nextNext report on 23 Feb 2027. Options prices imply a move of about 10% either way over the next month. On the model's Earnings Momentum list since 5 Nov 2026 (a strategy with a proving record). The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give KBR?
The calibrated range for KBR over 63 trading days is $34.26 to $43.26. It sits around the last close, and its width comes from the volatility that KBR's own options imply (35% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $19.29 to $78.59. In 55% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
KBR, Inc. is an Industrials company in Engineering & Construction. It delivers advanced scientific, technological, and engineering solutions globally to government entities and commercial enterprises.
Faircurve's model put the fair value of KBR, Inc. at $42.86 a share on 31 Oct 2026. The previous run, on 24 Oct 2026, gave $40.97, so the fair value moved +4.6%, mostly because the model's quality adjustment to the peer multiple moved, lifting the fair value. The calibrated range over 63 trading days is $34.72 to $51.20, built from the fair value because there is no live options data for the stock. The range is calibrated weekly against realised prices, and ranges built this way held the price 60% of the time at this horizon. The model grades the evidence behind this valuation as low, so no verdict is shown. The grade looks at input completeness, peer count and agreement, and outcome spread. It does not say whether the fair value is right.
KBR, Inc. scores 46 out of 100 on the model's overall quality measure, a composite of six factors scored against comparable companies. The two weakest factors are earnings quality at 30, with FCF / net income of 0.73x against a peer median of 1.29x, and balance sheet at 33, with net debt / EBITDA of 2.71x against a peer median of 1.49x. The model compares it with ten companies, each with a fair value of its own on the site.
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does KBR report earnings, and how has the stock reacted?
KBR's next earnings report is scheduled for 23 Feb 2027. Companies can move their dates.
Options prices on 5 Nov 2026 imply a move of about 9.5% in either direction through the nearest expiry, about 42 days out. That is the size the market is pricing, not a direction. KBR's 30 day implied volatility works out to about 10.2% over one month.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across KBR's last 8 reports, ignoring direction, was 2.8%.
What the options market has priced for a month's move in KBR
How does KBR score on business quality?
KBR's overall quality score is 46 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 62 | 12.8%ROIC | 13.7% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 30 | 0.73xFCF / net income | 1.29x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 36 | 0.6%Revenue growth, trailing | 4.4% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 66 | 1.1%Net buybacks / market value | 3.4% |
| Balance sheetNet debt to EBITDA and interest coverage. | 33 | 2.71xNet debt / EBITDA | 1.49x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 42 | 2.9 ptsEBITDA margin downside volatility, 5y | 1.0 pts |
How does KBR compare with similar companies?
The companies in engineering & construction closest to KBR in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| AGX Argan, Inc. | $261.21 | $322.99 | +23.7% | Undervalued |
| ECG Everus Construction Group, Inc. | $72.44 | $105.07 | +45.0% | Undervalued |
| MYRG MYR Group Inc. | $246.59 | $272.08 | +10.3% | Fairly valued |
| GVA Granite Construction Incorporated | $121.00 | $143.02 | +18.2% | Undervalued |
| PRIM Primoris Services Corporation | $59.56 | $74.38 | +24.9% | Undervalued |
| EXPO Exponent, Inc. | $85.83 | $67.20 | -21.7% | Overvalued |
| FLR Fluor Corporation | $44.98 | $54.10 | +20.3% | Undervalued |
| DY Dycom Industries, Inc. | $192.79 | $264.75 | +37.3% | Undervalued |
What the comparable companies' multiples alone would give for KBR, the peer-implied price, is $61.65 a share on this run. The fair value weighs that against the company's own multiple.
All engineering & construction stocks ranked by gap to fair value
KBR at a glance
KBR, Inc. delivers advanced scientific, technological, and engineering solutions globally to both government entities and commercial enterprises.
- Market value
- $4.9B
- Sector
- Industrials
- Industry
- Engineering & Construction
- Revenue expected, next twelve months
- $8.4B
- Consensus revenue growth, next fiscal year
- +3.3%
- Analysts with estimates
- 6
- Beta to the US market
- 0.48
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices KBR on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for KBR was $40.97. As of 31 Oct 2026 it is $42.86, a change of +4.6%. The model's quality adjustment to the peer multiple moved, lifting the fair value: most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about KBR's valuation
Is KBR stock undervalued or overvalued?
Faircurve's model puts KBR's fair value at $42.86 a share against a last close of $38.04, as of 31 Oct 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It does not say how likely the fair value is to be right.
What is KBR's fair value?
$42.86 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $19.29 to $78.59.
What price range does the model give KBR?
$34.26 to $43.26 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does KBR report earnings next?
The next report is scheduled for 23 Feb 2027. Companies can move their dates.
How much has KBR moved on past earnings reports?
Across its last 8 reports the median two session move was 2.8%, ignoring direction. The largest was -9.2% around the report of 5 May 2026.
How confident is the model in this valuation?
The model's evidence grade for KBR is low. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on KBR
The model has an idea open on KBR under Earnings Momentum since 5 Nov 2026, a strategy with a proving record. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on KBR with their outcomes. A free account is enough.