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Kinder Morgan (Kinder Morgan) Cyclically Adjusted PB Ratio : 1.08 (As of Apr. 27, 2024)


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What is Kinder Morgan Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Kinder Morgan's current share price is $18.68. Kinder Morgan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $17.29. Kinder Morgan's Cyclically Adjusted PB Ratio for today is 1.08.

The historical rank and industry rank for Kinder Morgan's Cyclically Adjusted PB Ratio or its related term are showing as below:

KMI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.06   Max: 1.54
Current: 1.09

During the past years, Kinder Morgan's highest Cyclically Adjusted PB Ratio was 1.54. The lowest was 0.80. And the median was 1.06.

KMI's Cyclically Adjusted PB Ratio is ranked worse than
53.15% of 809 companies
in the Oil & Gas industry
Industry Median: 1.02 vs KMI: 1.09

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.

Kinder Morgan's adjusted book value per share data for the three months ended in Mar. 2024 was $13.685. 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 $17.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinder Morgan Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kinder Morgan'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.

Kinder Morgan Cyclically Adjusted PB Ratio Chart

Kinder Morgan 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 1.47 0.96 0.99 1.06 1.02

Kinder Morgan 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 1.01 0.99 0.95 1.02 1.06

Competitive Comparison of Kinder Morgan's Cyclically Adjusted PB Ratio

For the Oil & Gas Midstream subindustry, Kinder Morgan'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.


Kinder Morgan's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinder Morgan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kinder Morgan 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.

Kinder Morgan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.68/17.29
=1.08

* 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.

Kinder Morgan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kinder Morgan'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)
=13.685/129.4194*129.4194
=13.685

Current CPI (Mar. 2024) = 129.4194.

Kinder Morgan Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.277 100.560 15.800
201409 12.201 100.428 15.723
201412 16.035 99.070 20.947
201503 16.178 99.621 21.017
201506 16.073 100.684 20.660
201509 15.941 100.392 20.550
201512 15.754 99.792 20.431
201603 15.781 100.470 20.328
201606 15.750 101.688 20.045
201609 15.518 101.861 19.716
201612 15.439 101.863 19.616
201703 15.535 102.862 19.546
201706 15.761 103.349 19.737
201709 15.788 104.136 19.621
201712 15.171 104.011 18.877
201803 15.276 105.290 18.777
201806 14.989 106.317 18.246
201809 15.183 106.507 18.449
201812 14.887 105.998 18.176
201903 14.857 107.251 17.928
201906 14.868 108.070 17.805
201909 14.850 108.329 17.741
201912 14.898 108.420 17.784
202003 14.639 108.902 17.397
202006 14.041 108.767 16.707
202009 13.941 109.815 16.430
202012 13.884 109.897 16.350
202103 14.214 111.754 16.461
202106 13.561 114.631 15.310
202109 13.475 115.734 15.068
202112 13.594 117.630 14.957
202203 13.504 121.301 14.408
202206 13.531 125.017 14.008
202209 13.671 125.227 14.129
202212 13.677 125.222 14.135
202303 13.724 127.348 13.947
202306 13.715 128.729 13.789
202309 13.582 129.860 13.536
202312 13.653 129.419 13.653
202403 13.685 129.419 13.685

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.


Kinder Morgan  (NYSE:KMI) 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.


Kinder Morgan Cyclically Adjusted PB Ratio Related Terms

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


Kinder Morgan (Kinder Morgan) Business Description

Industry
Traded in Other Exchanges
Address
1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
Executives
John W Schlosser officer: V.P. (President, Terminals) 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Dax Sanders officer: V.P., Corporate Development 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Denise R Mathews officer: VP, Human Resources/Admin/IT 1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Sital K Mody officer: V.P. (Pres.,Nat Gas Pipelines) 1001 LOUISIANA STREET SUITE 1000, HOUSTON TX 77002
Anthony B Ashley officer: VP (President, CO2 and ETV) 1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Jesse Arenivas officer: VP(President, CO2) 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Deborah Macdonald director KINDER MORGAN, INC., 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Gary Hultquist director 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Robert F Vagt director 5300 MEMORIAL DR, STE 800, HOUSTON TX 77007
Thomas A Martin officer: VP (Pres., Natural Gas Pipeln) 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
William A Smith director KINDER MORGAN, 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Richard D Kinder director, officer: Chairman & CEO 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Perry M Waughtal director 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Kevin P Grahmann officer: V.P., Corporate Development 1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Steven J Kean director, officer: Exec VP & COO 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002

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