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Kayne Anderson Energy Development Co  (NYSE:KED) Book Value per Share: $23.44 (As of Aug. 2015)

Kayne Anderson Energy Development Co's book value per share for the quarter that ended in Aug. 2015 was $23.44.

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 book value growth rate using book value per share data.

Kayne Anderson Energy Development Co's current price is $16.55. Its book value per share for the quarter that ended in Aug. 2015 was $23.44. Hence, today's PB Ratio of Kayne Anderson Energy Development Co is 0.71.


Historical Data

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

* Premium members only.

Kayne Anderson Energy Development Co Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14
Book Value per Share Premium Member Only Premium Member Only Premium Member Only 20.55 23.02 23.73 29.96 33.13

Kayne Anderson Energy Development Co Quarterly Data

Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15
Book Value per Share 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 Premium Member Only Premium Member Only Premium Member Only 38.63 33.13 29.72 28.62 23.44

Competitive Comparison
* 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.


Calculation

Kayne Anderson Energy Development Co's Book Value Per Share for the fiscal year that ended in Nov. 2014 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Shares Outstanding (EOP)
=(348.50-0.00)/10.52
=33.13

Kayne Anderson Energy Development Co's Book Value Per Share for the quarter that ended in Aug. 2015 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Shares Outstanding (EOP)
=(247.50-0.00)/10.56
=23.44

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


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