Switch to:
Kayne Anderson Energy Development Company (NYSE:KED)
Book Value Per Share
$24.54 (As of Feb. 2012)

Kayne Anderson Energy Development Company's book value per share for the quarter that ended in Feb. 2012 was $24.54.

As of today, Kayne Anderson Energy Development Company's share price is $36.48. Kayne Anderson Energy Development Company's Book Value per Share for the quarter that ended in Feb. 2012 was $24.54. Hence, Kayne Anderson Energy Development Company's P/B Ratio of today is 1.49.


Definition

Kayne Anderson Energy Development Company's Book Value Per Share for the fiscal year that ended in Nov. 2011 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(238.03-0.00)/10.34
=23.02

Kayne Anderson Energy Development Company's Book Value Per Share for the quarter that ended in Feb. 2012 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(254.20-0.00)/10.36
=24.54

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company.

Book value may include intangible items which may come from the company’s past acquisitions. Book value less intangibles is called Tangible Book.


Explanation

Usually a company’s book value and Tangible Book Value per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Related Terms

Total Equity, Preferred Stock, Total Shares Outstanding, Tangible Book Value per Share


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Kayne Anderson Energy Development Company Annual Data

Nov07Nov08Nov09Nov10Nov11
Book Value Per Share 0.000.000.000.000.0024.4416.1116.5920.5523.02

Kayne Anderson Energy Development Company Quarterly Data

Nov09Feb10May10Aug10Nov10Feb11May11Aug11Nov11Feb12
Book Value Per Share 16.5917.0416.8819.1420.5521.8922.8622.0023.0224.54
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK