Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII (BSP:KNCR11) Cyclically Adjusted PB Ratio: (As of Aug. 25, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BSP:KNCR11 Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII BSP:KNCR11
57 GF Score
Price R$106.98
GF Value R$128.68
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII Cyclically Adjusted PB Ratio?

Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII  (BSP:KNCR11) 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.


Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII Cyclically Adjusted PB Ratio Related Terms


Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII'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.

Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII Cyclically Adjusted PB Ratio Chart

Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII Semi-Annual Data
Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

BSP:KNCR11 vs NLY, AGNC, STWD: Cyclically Adjusted PB Ratio Comparison

For the REIT - Mortgage subindustry, Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII'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.


Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII's Cyclically Adjusted PB Ratio falls into.


BSP:KNCR11
57GF Score
Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII BSP:KNCR11
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII 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.

Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Is Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII (BSP:KNCR11) Overvalued in 2026?

Based on GuruFocus' analysis, Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII stock appears to be undervalued. The current stock price of R$106.98 is trading 16.9% below its estimated GF Value™ of R$128.68. GuruFocus considers Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII to be Modestly Undervalued.

Key valuation signals for BSP:KNCR11:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$128.68 vs. price of R$106.98 (16.9% below fair value)
  • GF Score™: 57/100 with 6 warning signs

No single metric tells the full story. See the BSP:KNCR11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII Business Description

Industry Real EstateREITs
Address Avenida Brigadeiro Faria Lima, 3.400, 10th Floor, Sao Paulo, SP, BRA, 04538-132
Kinea Rendimentos Imobiliarios Fundo de Investimento Imobiliario - FII is a real estate investment fund. It invests in real estate including financial assets & mortgage-backed securities.
57GF Score

Get the complete analysis for BSP:KNCR11

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$106.98
Price
R$128.68
GF Value