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Kayne Anderson Energy Development Co (NYSE:KED)
Shiller PE Ratio
(As of Today)

As of today, Kayne Anderson Energy Development Co's current share price is \$19.08. Kayne Anderson Energy Development Co's E10 for the quarter that ended in Aug. 2015 was \$0.00. Kayne Anderson Energy Development Co's Shiller P/E Ratio for today is .

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 Co's adjusted earnings per share data for the three months ended in Aug. 2015 was \$-4.635. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is \$0.00 for the trailing ten years ended in Aug. 2015.

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 Co's Shiller P/E Ratio for today is calculated as

 Shiller P/E Ratio = Share Price / E10 = 19.08 / 0.00 =

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Kayne Anderson Energy Development Co's E10 for the fiscal year that ended in Nov14 is calculated as:

For example, Kayne Anderson Energy Development Co's adjusted earnings per share data for the three months ended in Aug. 2015 was:

 Adj_EPS = Earnigns per Share / CPI of Aug. 2015 (Change) * Current CPI (Aug. 2015) = -4.635 / 238.316 * 238.316 = -4.635

Current CPI (Aug. 2015) = 238.316.

Kayne Anderson Energy Development Co does not have a history long enough to calculate E10. Therefore GuruFocus does not calculate it.

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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Kayne Anderson Energy Development Co Annual Data

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 ShillerPE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Kayne Anderson Energy Development Co Quarterly Data

 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 ShillerPE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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