What is KKR Financial Holdings LLC Cyclically Adjusted PB Ratio?
Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.
Shiller PE for Stocks: The True Measure of Stock Valuation
KKR Financial Holdings LLC Cyclically Adjusted PB Ratio Historical Data
The historical data trend for KKR Financial Holdings LLC'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.
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KKR Financial Holdings LLC Cyclically Adjusted PB Ratio Chart
Competitive Comparison of KKR Financial Holdings LLC's Cyclically Adjusted PB Ratio
For the Mortgage Finance subindustry, KKR Financial Holdings LLC'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.
KKR Financial Holdings LLC's Cyclically Adjusted PB Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, KKR Financial Holdings LLC's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where KKR Financial Holdings LLC's Cyclically Adjusted PB Ratio falls into.
KKR Financial Holdings LLC 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.
KKR Financial Holdings LLC 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.
KKR Financial Holdings LLC (NYSE:KFNpCL.PFD) 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.
KKR Financial Holdings LLC Cyclically Adjusted PB Ratio Related Terms
Thank you for viewing the detailed overview of KKR Financial Holdings LLC's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
KKR Financial Holdings LLC (KKR Financial Holdings LLC) Business Description
Originally formed as a real estate investment trust in July 2004, KKR Financial converted to a partnership structure in May 2007 and now invests primarily in corporate loans and other securities (much of it tied to the leveraged buyout deals done by Kohlberg Kravis Roberts). KKR Financial is externally managed by KKR Financial Advisors, which is responsible for the company's operations and performs all services and activities relating to the management of its assets.
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