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Kayne Anderson Energy Development Company (NYSE:KED)
Shiller P/E Ratio
0.00 (As of Today)

As of today, Kayne Anderson Energy Development Company's current share price is $37.82. Kayne Anderson Energy Development Company's E10 for the quarter that ended in Feb. 2012 was $0.00. Kayne Anderson Energy Development Company's Shiller P/E Ratio for today is 0.00.

KED' s 10-Year Shiller P/E Ratio Range
Min: 0   Max: 0
Current: 0

KED's Shiller P/E Ratiois ranked lower than
161% of the 716 Companies
in the Global Asset Management industry.

( Industry Median: 19.45 vs. KED: 0.00 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Kayne Anderson Energy Development Company's adjusted earnings per share data for the three months ended in Feb. 2012 was $. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $0.00 for the trailing six years ended in Feb. 2012.


Definition

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Kayne Anderson Energy Development Company's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=/
=

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

Kayne Anderson Energy Development Company's E10 for the fiscal year that ended in Nov. 2011 is calculated as:


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


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
ShillerPE 0.000.000.000.000.000.000.000.000.000.00

Kayne Anderson Energy Development Company Quarterly Data

Nov09Feb10May10Aug10Nov10Feb11May11Aug11Nov11Feb12
ShillerPE 0.000.000.000.000.000.000.000.000.000.00
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