Kennedy-Wilson Holdings (FRA:13K) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:13K Kennedy-Wilson Holdings Inc FRA:13K
59 GF Score
Price €9.35
GF Value €11.69
! 11 Warning Signs
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What is Kennedy-Wilson Holdings Cyclically Adjusted PB Ratio?

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 1.45 0.94 0.71 0.72 0.75

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 0.57 0.42 0.55 0.67 0.79

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.
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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 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)
=4.766/330.2130*330.2130
=4.766

Current CPI (Mar. 2026) = 330.2130.

Kennedy-Wilson Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.515 241.018 28.107
201609 19.851 241.428 27.151
201612 19.194 241.432 26.252
201703 19.083 243.801 25.847
201706 18.052 244.955 24.335
201709 17.732 246.819 23.723
201712 8.668 246.524 11.611
201803 8.472 249.554 11.210
201806 8.598 251.989 11.267
201809 8.609 252.439 11.261
201812 8.743 251.233 11.492
201903 8.119 254.202 10.547
201906 7.949 256.143 10.248
201909 8.215 256.759 10.565
201912 8.916 256.974 11.457
202003 8.633 258.115 11.044
202006 8.029 257.797 10.284
202009 7.331 260.280 9.301
202012 7.964 260.474 10.096
202103 8.149 264.877 10.159
202106 9.181 271.696 11.158
202109 9.504 274.310 11.441
202112 9.617 278.802 11.390
202203 9.589 287.504 11.013
202206 9.699 296.311 10.809
202209 10.006 296.808 11.132
202212 9.642 296.797 10.728
202303 9.108 301.836 9.964
202306 9.272 305.109 10.035
202309 8.550 307.789 9.173
202312 6.581 306.746 7.084
202403 6.671 312.332 7.053
202406 6.250 314.175 6.569
202409 5.627 315.301 5.893
202412 5.946 315.605 6.221
202503 5.372 319.799 5.547
202506 4.983 322.561 5.101
202509 4.754 324.800 4.833
202512 4.839 324.054 4.931
202603 4.766 330.213 4.766

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.

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 20% below its estimated GF Value™ of €11.69.

Key valuation signals for FRA:13K:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €11.69 vs. price of €9.35 (20% below fair value)
  • GF Score™: 59/100 with 11 warning signs

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
€11.69
GF Value