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Kimco Realty (BSP:K1IM34) Cyclically Adjusted PB Ratio : 1.26 (As of Apr. 30, 2024)


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What is Kimco Realty Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Kimco Realty's current share price is R$93.15. Kimco Realty's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$74.17. Kimco Realty's Cyclically Adjusted PB Ratio for today is 1.26.

The historical rank and industry rank for Kimco Realty's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:K1IM34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.51   Max: 2.38
Current: 1.22

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

BSP:K1IM34's Cyclically Adjusted PB Ratio is ranked worse than
69.15% of 496 companies
in the REITs industry
Industry Median: 0.765 vs BSP:K1IM34: 1.22

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 adjusted book value per share data for the three months ended in Dec. 2023 was R$75.294. 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 R$74.17 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kimco Realty Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kimco Realty's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Kimco Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.58 1.15 1.76 1.42 1.38

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 PB Ratio 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 1.42 1.29 1.28 1.13 1.38

Competitive Comparison of Kimco Realty's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=93.15/74.17
=1.26

* 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.

Kimco Realty's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

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)
=75.294/129.4194*129.4194
=75.294

Current CPI (Dec. 2023) = 129.4194.

Kimco Realty Quarterly Data

Book Value per Share CPI Adj_Book
201403 26.151 99.695 33.948
201406 25.169 100.560 32.392
201409 26.783 100.428 34.515
201412 30.630 99.070 40.013
201503 38.158 99.621 49.572
201506 37.461 100.684 48.152
201509 46.545 100.392 60.003
201512 47.368 99.792 61.431
201603 45.819 100.470 59.021
201606 43.315 101.688 55.127
201609 40.579 101.861 51.558
201612 41.477 101.863 52.698
201703 38.291 102.862 48.177
201706 40.502 103.349 50.719
201709 38.368 104.136 47.684
201712 41.757 104.011 51.958
201803 41.862 105.290 51.456
201806 48.425 106.317 58.948
201809 52.439 106.507 63.720
201812 49.154 105.998 60.015
201903 48.413 107.251 58.420
201906 48.358 108.070 57.911
201909 47.825 108.329 57.136
201912 46.242 108.420 55.198
202003 54.333 108.902 64.570
202006 66.657 108.767 79.313
202009 68.357 109.815 80.560
202012 66.706 109.897 78.556
202103 73.626 111.754 85.264
202106 66.200 114.631 74.740
202109 84.906 115.734 94.946
202112 90.779 117.630 99.878
202203 80.613 121.301 86.008
202206 79.827 125.017 82.638
202209 82.267 125.227 85.022
202212 80.701 125.222 83.406
202303 81.109 127.348 82.428
202306 75.348 128.729 75.752
202309 76.407 129.860 76.148
202312 75.294 129.419 75.294

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


Kimco Realty  (BSP:K1IM34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Kimco Realty Cyclically Adjusted PB Ratio Related Terms

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


Kimco Realty (BSP:K1IM34) Business Description

Industry
Traded in Other Exchanges
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.

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