GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kimco Realty Corp (NYSE:KIM) » Definitions » Cyclically Adjusted Book per Share

Kimco Realty (Kimco Realty) Cyclically Adjusted Book per Share : $15.48 (As of Dec. 2023)


View and export this data going back to 1991. Start your Free Trial

What is Kimco Realty Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Kimco Realty's adjusted book value per share for the three months ended in Dec. 2023 was $15.367. 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 $15.48 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kimco Realty's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Kimco Realty was 10.50% per year. The lowest was -0.90% per year. And the median was 2.70% per year.

As of today (2024-04-27), Kimco Realty's current stock price is $18.38. Kimco Realty's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $15.48. Kimco Realty's Cyclically Adjusted PB Ratio of today is 1.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kimco Realty was 2.38. The lowest was 0.59. And the median was 1.51.


Kimco Realty Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kimco Realty's Cyclically Adjusted Book per Share 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.

Kimco Realty Cyclically Adjusted Book per Share Chart

Kimco Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.08 13.07 14.02 14.93 15.48

Kimco Realty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 14.93 15.19 15.37 15.52 15.48

Competitive Comparison of Kimco Realty's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, Kimco Realty'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.


Kimco Realty's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Kimco Realty's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kimco Realty Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Kimco Realty's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=15.367/129.4194*129.4194
=15.367

Current CPI (Dec. 2023) = 129.4194.

Kimco Realty Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.247 99.695 14.600
201406 11.256 100.560 14.486
201409 11.456 100.428 14.763
201412 11.594 99.070 15.146
201503 12.147 99.621 15.780
201506 12.039 100.684 15.475
201509 11.925 100.392 15.373
201512 12.206 99.792 15.830
201603 12.390 100.470 15.960
201606 12.653 101.688 16.104
201609 12.474 101.861 15.849
201612 12.366 101.863 15.711
201703 12.243 102.862 15.404
201706 12.290 103.349 15.390
201709 12.248 104.136 15.222
201712 12.673 104.011 15.769
201803 12.767 105.290 15.693
201806 12.841 106.317 15.631
201809 12.763 106.507 15.509
201812 12.658 105.998 15.455
201903 12.605 107.251 15.210
201906 12.542 108.070 15.020
201909 11.609 108.329 13.869
201912 11.266 108.420 13.448
202003 11.120 108.902 13.215
202006 12.847 108.767 15.286
202009 12.659 109.815 14.919
202012 12.966 109.897 15.269
202103 13.066 111.754 15.131
202106 13.165 114.631 14.863
202109 16.084 115.734 17.986
202112 16.053 117.630 17.662
202203 16.199 121.301 17.283
202206 15.815 125.017 16.372
202209 15.689 125.227 16.214
202212 15.385 125.222 15.901
202303 15.572 127.348 15.825
202306 15.524 128.729 15.607
202309 15.471 129.860 15.419
202312 15.367 129.419 15.367

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


Kimco Realty  (NYSE:KIM) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Kimco Realty's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.38/15.48
=1.19

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kimco Realty was 2.38. The lowest was 0.59. And the median was 1.51.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Kimco Realty Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Kimco Realty's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Kimco Realty (Kimco Realty) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kimco Realty Corp (NYSE:KIM) » Definitions » Cyclically Adjusted Book per Share
Address
500 North Broadway, Suite 201, Jericho, NY, USA, 11753
One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 5,282 shopping centers throughout major markets in the U.S., representing roughly 77 million square feet.
Executives
Frank Lourenso director 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Glenn Gary Cohen officer: V.P. - Treasurer 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Paul Westbrook officer: VP - Chief Accounting Officer C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Richard B Saltzman director C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
David Jamieson officer: Chief Operating Officer C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Henry Moniz director C/O KIMCO REALTY CORPORATION, 500 NORTH BROADWAY, SUITE 201, JERICHO NY 11753
Coviello Philip E Jr director GETTY REALTY CORP, 2 JERICHO PLAZA, STE 110, JERICHO NY 11753
Joe Grills director MERRILL LYNCH ASSET MANAGEMENT, 800 SCUDDER MILL ROAD, PLAINSBORO NJ 08536
Valerie Richardson director C/O KIMCO REALTY CORP., 333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Milton Cooper director, officer: Chairman & CEO C/O KIMCO REALTY CORP, 3333 NEW HYDE PARK RD STE 100, HYDE PARK NY 11042
Ross Cooper officer: President C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Mary Hogan Preusse director C/O KIMCO REALTY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Flynn Conor C officer: President, COO and CIO C/O KIMCO REATLY CORP., 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
David Henry officer: Cheif Executive Officer 3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042
Michael V Pappagallo officer: V.P. - CFO BRIXMOR PROPERTY GROUP, 450 LEXINGTON AVENUE, NEW YORK NY 10017