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Kennedy-Wilson Holdings (FRA:13K) Cyclically Adjusted PB Ratio : 0.89 (As of May. 27, 2024)


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What is Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Kennedy-Wilson Holdings's current share price is €9.10. Kennedy-Wilson Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.24. Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio for today is 0.89.

The historical rank and industry rank for Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:13K' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 2.05   Max: 2.51
Current: 0.89

During the past years, Kennedy-Wilson Holdings's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 0.73. And the median was 2.05.

FRA:13K's Cyclically Adjusted PB Ratio is ranked worse than
58.91% of 1341 companies
in the Real Estate industry
Industry Median: 0.69 vs FRA:13K: 0.89

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.

Kennedy-Wilson Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was €6.347. 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 €10.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kennedy-Wilson Holdings's Cyclically Adjusted PB 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.

Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio Chart

Kennedy-Wilson Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.37 1.85 2.28 1.41 1.10

Kennedy-Wilson Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB 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 1.47 1.43 1.29 1.10 0.76

Competitive Comparison of Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Kennedy-Wilson Holdings'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.


Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio falls into.



Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.10/10.24
=0.89

* 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.

Kennedy-Wilson Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kennedy-Wilson Holdings'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)
=6.347/131.7762*131.7762
=6.347

Current CPI (Mar. 2024) = 131.7762.

Kennedy-Wilson Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.836 100.560 10.269
201409 7.820 100.428 10.261
201412 7.605 99.070 10.116
201503 9.427 99.621 12.470
201506 8.803 100.684 11.521
201509 8.833 100.392 11.594
201512 9.088 99.792 12.001
201603 8.781 100.470 11.517
201606 8.480 101.688 10.989
201609 8.360 101.861 10.815
201612 8.584 101.863 11.105
201703 8.369 102.862 10.721
201706 8.006 103.349 10.208
201709 7.444 104.136 9.420
201712 7.614 104.011 9.647
201803 7.257 105.290 9.083
201806 7.530 106.317 9.333
201809 7.447 106.507 9.214
201812 7.652 105.998 9.513
201903 7.624 107.251 9.367
201906 7.738 108.070 9.435
201909 7.873 108.329 9.577
201912 8.751 108.420 10.636
202003 8.305 108.902 10.049
202006 7.752 108.767 9.392
202009 7.133 109.815 8.559
202012 7.846 109.897 9.408
202103 7.875 111.754 9.286
202106 8.856 114.631 10.181
202109 9.161 115.734 10.431
202112 9.510 117.630 10.654
202203 9.518 121.301 10.340
202206 9.426 125.017 9.936
202209 9.777 125.227 10.288
202212 9.396 125.222 9.888
202303 8.931 127.348 9.242
202306 9.031 128.729 9.245
202309 8.188 129.860 8.309
202312 6.380 129.419 6.496
202403 6.347 131.776 6.347

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


Kennedy-Wilson Holdings  (FRA:13K) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio Related Terms

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


Kennedy-Wilson Holdings (FRA:13K) Business Description

Traded in Other Exchanges
Address
151 S El Camino Drive, Beverly Hills, CA, USA, 90212
Kennedy-Wilson Holdings Inc is a real estate investment company that owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and office properties, as well as industrial and debt investments. It has two business segments; Consolidated Portfolio includes investment activities that involve ownership of multifamily units, office, retail and industrial space, and one hotel, and The Co-Investment Portfolio segment consists of investments the Company makes with partners in which it receives fees, performance allocations that it earns on its fee-bearing capital and distributions and profits from its ownership interest in the underlying operations of its co-investments.

Kennedy-Wilson Holdings (FRA:13K) Headlines

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