Kennedy-Wilson Holdings (FRA:13K) Cyclically Adjusted PB Ratio: 1.07 (As of Aug. 04, 2026) — 34% Below Median

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FRA:13K Kennedy-Wilson Holdings Inc FRA:13K
59 GF Score
Price €9.35
GF Value €11.31
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio?

Kennedy-Wilson Holdings FRA:13K 59 Cyclically Adjusted PB Ratio is 1.07 as of Aug. 04, 2026, which is 34% below its 10-year median of 1.61. GuruFocus rates FRA:13K with a GF Score™ of 59/100 and a GF Value™ of €11.31 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 1,414 Real Estate companies, Kennedy-Wilson Holdings ranks worse than 66.76% on this metric.

As of today (2026-08-04), Kennedy-Wilson Holdings's current share price is €9.35. Kennedy-Wilson Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €8.77. Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio for today is 1.07.

The historical rank and industry rank for Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:13K' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.61   Max: 2.51
Current: 1.06

During the past years, Kennedy-Wilson Holdings's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 0.56. And the median was 1.61.

FRA:13K's Cyclically Adjusted PB Ratio is ranked worse than
66.76% of 1414 companies
in the Real Estate industry
Industry Median: 0.69 vs FRA:13K: 1.06

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.

Kennedy-Wilson Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was €4.519. 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 €8.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kennedy-Wilson Holdings  (FRA:13K) 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.


Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio Related Terms


Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kennedy-Wilson Holdings'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.

Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio Chart

Kennedy-Wilson Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.27 1.46 1.10 0.93 0.94

Kennedy-Wilson Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.80 0.66 0.79 0.94 1.05

FRA:13K vs MMI, HBNB, AGNT: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Kennedy-Wilson Holdings'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.


Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio falls into.


FRA:13K
59GF Score
Kennedy-Wilson Holdings Inc FRA:13K
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kennedy-Wilson Holdings 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.

Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.35/8.77
=1.07

* 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.

Kennedy-Wilson Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kennedy-Wilson Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.519/330.2130*330.2130
=4.519

Current CPI (Mar. 2026) = 330.2130.

Kennedy-Wilson Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.480 241.018 11.618
201609 8.360 241.428 11.434
201612 8.584 241.432 11.741
201703 8.369 243.801 11.335
201706 8.006 244.955 10.793
201709 7.444 246.819 9.959
201712 7.614 246.524 10.199
201803 7.257 249.554 9.603
201806 7.530 251.989 9.868
201809 7.447 252.439 9.741
201812 7.652 251.233 10.058
201903 7.624 254.202 9.904
201906 7.738 256.143 9.976
201909 7.873 256.759 10.125
201912 8.751 256.974 11.245
202003 8.305 258.115 10.625
202006 7.752 257.797 9.930
202009 7.133 260.280 9.050
202012 7.846 260.474 9.947
202103 7.875 264.877 9.817
202106 8.856 271.696 10.763
202109 9.161 274.310 11.028
202112 9.510 278.802 11.264
202203 9.518 287.504 10.932
202206 9.426 296.311 10.504
202209 9.777 296.808 10.877
202212 9.396 296.797 10.454
202303 8.931 301.836 9.771
202306 9.031 305.109 9.774
202309 8.188 307.789 8.785
202312 6.380 306.746 6.868
202403 6.347 312.332 6.710
202406 5.946 314.175 6.250
202409 5.402 315.301 5.657
202412 5.639 315.605 5.900
202503 5.139 319.799 5.306
202506 4.862 322.561 4.977
202509 4.558 324.800 4.634
202512 4.616 324.054 4.704
202603 4.519 330.213 4.519

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.

What does a Cyclically Adjusted PB Ratio of 1.07 mean?
Kennedy-Wilson Holdings (FRA:13K) has a Cyclically Adjusted PB Ratio of 1.07 as of Aug. 04, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kennedy-Wilson Holdings and its competitors. This is 34% below median its historical median of 1.61. Over the past decade, Kennedy-Wilson Holdings' Cyclically Adjusted PB Ratio has ranged from 0.56 to 2.51. According to the industry distribution chart, Kennedy-Wilson Holdings ranks #944 out of 1414 companies in the Real Estate industry, placing it in the top 66.8%.
Is Kennedy-Wilson Holdings' Cyclically Adjusted PB Ratio too high?
Kennedy-Wilson Holdings' current Cyclically Adjusted PB Ratio of 1.07 is 34% below median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 2.51. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Kennedy-Wilson Holdings' value of 1.07 is 55.1% above this industry median. Based on the distribution chart, Kennedy-Wilson Holdings ranks #944 out of 1414 companies in the Real Estate industry, which is below the industry midpoint. Overall, Kennedy-Wilson Holdings has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kennedy-Wilson Holdings' Cyclically Adjusted PB Ratio compare to MMI and HBNB?
According to the Real Estate industry distribution chart, Kennedy-Wilson Holdings ranks #944 out of 1414 companies for Cyclically Adjusted PB Ratio. This places Kennedy-Wilson Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Kennedy-Wilson Holdings' value of 1.07 is 55.1% above this benchmark. Historically, Kennedy-Wilson Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.56 to 2.51 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 0.69, Kennedy-Wilson Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,414 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kennedy-Wilson Holdings's current Cyclically Adjusted PB Ratio of 1.07 is 55.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kennedy-Wilson Holdings and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kennedy-Wilson Holdings's current Cyclically Adjusted PB Ratio is 1.07, which is 34% below median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kennedy-Wilson Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kennedy-Wilson Holdings (FRA:13K) is currently considered Modestly Undervalued. The stock's GF Value™ is €11.31, compared to a current price of €9.35 — trading 17.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is 34% below median its 10-year median of 1.61 and 55.1% above the Real Estate industry median of 0.69. Kennedy-Wilson Holdings' overall GF Score™ is 59/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Kennedy-Wilson Holdings (FRA:13K), the current Cyclically Adjusted PB Ratio is 1.07 as of Aug. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kennedy-Wilson Holdings (FRA:13K) Overvalued in 2026?

Based on GuruFocus' analysis, Kennedy-Wilson Holdings stock appears to be undervalued. The current stock price of €9.35 is trading 17.3% below its estimated GF Value™ of €11.31. GuruFocus considers Kennedy-Wilson Holdings to be Modestly Undervalued.

Key valuation signals for FRA:13K:

  • Cyclically Adjusted PB Ratio: 1.07 (34% below median its 10-year median of 1.61)
  • GF Value™: €11.31 vs. price of €9.35 (17.3% below fair value)
  • GF Score™: 59/100 with 11 warning signs
  • Industry Position: 55.1% above the Real Estate median (#944 of 1414)

No single metric tells the full story. See the FRA:13K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kennedy-Wilson Holdings Business Description

Other Exchanges KW:USA0JQI:UK
Address 151 S El Camino Drive, Beverly Hills, CA, USA, 90212
Kennedy-Wilson Holdings Inc is a real estate investment company that owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and office properties, as well as industrial and debt investments. It has two business segments; the Consolidated Portfolio includes investment activities that involve ownership of multifamily units, office, retail and industrial space, and one hotel, and The Co-Investment Portfolio segment consists of investments the Company makes with partners in which it receives fees, performance allocations that it earns on its fee-bearing capital and distributions and profits from its ownership interest in the underlying operations of its co-investments.
59GF Score

Get the complete analysis for FRA:13K

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

€9.35
Price
€11.31
GF Value