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Kilroy Realty (Kilroy Realty) Cyclically Adjusted Book per Share : $47.15 (As of Mar. 2024)


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What is Kilroy Realty Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Kilroy Realty's adjusted book value per share for the three months ended in Mar. 2024 was $46.121. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $47.15 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kilroy Realty's average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Kilroy Realty was 10.80% per year. The lowest was -1.30% per year. And the median was 6.60% per year.

As of today (2024-05-22), Kilroy Realty's current stock price is $34.11. Kilroy Realty's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $47.15. Kilroy Realty's Cyclically Adjusted PB Ratio of today is 0.72.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kilroy Realty was 3.67. The lowest was 0.60. And the median was 2.50.


Kilroy Realty Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kilroy Realty's Cyclically Adjusted Book per Share 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.

Kilroy Realty Cyclically Adjusted Book per Share Chart

Kilroy Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.00 34.61 39.45 43.53 46.09

Kilroy Realty Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 44.57 45.35 46.00 46.09 47.15

Competitive Comparison of Kilroy Realty's Cyclically Adjusted Book per Share

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

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

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



Kilroy Realty Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

For example, Kilroy Realty's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=46.121/131.7762*131.7762
=46.121

Current CPI (Mar. 2024) = 131.7762.

Kilroy Realty Quarterly Data

Book Value per Share CPI Adj_Book
201406 28.634 100.560 37.523
201409 28.437 100.428 37.314
201412 28.679 99.070 38.147
201503 29.622 99.621 39.183
201506 30.095 100.684 39.389
201509 32.318 100.392 42.421
201512 32.285 99.792 42.632
201603 34.001 100.470 44.595
201606 34.015 101.688 44.080
201609 35.447 101.861 45.857
201612 35.943 101.863 46.498
201703 37.274 102.862 47.752
201706 37.216 103.349 47.453
201709 37.505 104.136 47.460
201712 37.526 104.011 47.543
201803 37.301 105.290 46.684
201806 37.817 106.317 46.873
201809 37.765 106.507 46.725
201812 39.008 105.998 48.495
201903 38.770 107.251 47.636
201906 38.778 108.070 47.285
201909 40.228 108.329 48.935
201912 40.499 108.420 49.223
202003 43.384 108.902 52.497
202006 43.171 108.767 52.303
202009 43.109 109.815 51.730
202012 43.348 109.897 51.978
202103 46.872 111.754 55.270
202106 46.773 114.631 53.769
202109 46.749 115.734 53.229
202112 46.710 117.630 52.328
202203 46.483 121.301 50.497
202206 46.315 125.017 48.819
202209 46.539 125.227 48.973
202212 46.519 125.222 48.954
202303 46.393 127.348 48.006
202306 46.375 128.729 47.473
202309 46.349 129.860 47.033
202312 46.300 129.419 47.143
202403 46.121 131.776 46.121

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Kilroy Realty  (NYSE:KRC) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Kilroy Realty's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=34.11/47.15
=0.72

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kilroy Realty was 3.67. The lowest was 0.60. And the median was 2.50.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Kilroy Realty Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Kilroy Realty's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Kilroy Realty (Kilroy Realty) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kilroy Realty Corp (NYSE:KRC) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
12200 West Olympic Boulevard, Suite 200, Los Angeles, CA, USA, 90064
Kilroy Realty is a premier owner and landlord of approximately 16 million square feet of office space across Los Angeles, San Diego, the San Francisco Bay Area, and greater Seattle. The company operates as a real estate investment trust.
Executives
John Osmond officer: EVP, Head of Asset Management C/O KILROY REALTY CORPORATION, 12200 WEST OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Michelle Ngo officer: SVP, CFO & Treasurer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Eliott Trencher officer: SVP, Chief Investment Officer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Louisa Ritter director C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Jonathan Praw officer: SVP, Chief Investment Officer C/O KILROY REALTYCORPORATION, 12200 W. OLYNPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Merryl Elizabeth Werber officer: SVP, CAO & Controller 12200 W OLYMPIC BLVD STE 200, LOS ANGELES CA 90064
Stephen A Rosetta officer: EVP, Chief Investment Officer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Jolie A. Hunt director C/O KLIROY REALTY CORPORATION, 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Michael L. Sanford officer: EVP, Northern California 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Peter B. Stoneberg director 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Gary R. Stevenson director 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
David Joshua Simon officer: EVP 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
A. Robert Paratte officer: See Remarks 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Justin William Smart officer: See Remarks 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Kilroy John B Sr director 12200 W OLYMPIC BLVD, SUITE 200, LOS ANGELES CA 90064