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KB Home (KB Home) Cyclically Adjusted PS Ratio : 1.20 (As of May. 25, 2024)


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What is KB Home Cyclically Adjusted PS Ratio?

As of today (2024-05-25), KB Home's current share price is $70.50. KB Home's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was $58.67. KB Home's Cyclically Adjusted PS Ratio for today is 1.20.

The historical rank and industry rank for KB Home's Cyclically Adjusted PS Ratio or its related term are showing as below:

KBH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.72   Max: 1.38
Current: 1.2

During the past years, KB Home's highest Cyclically Adjusted PS Ratio was 1.38. The lowest was 0.23. And the median was 0.72.

KBH's Cyclically Adjusted PS Ratio is ranked worse than
66.67% of 78 companies
in the Homebuilding & Construction industry
Industry Median: 0.85 vs KBH: 1.20

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

KB Home's adjusted revenue per share data for the three months ended in Feb. 2024 was $18.754. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $58.67 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


KB Home Cyclically Adjusted PS Ratio Historical Data

The historical data trend for KB Home's Cyclically Adjusted PS 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.

KB Home Cyclically Adjusted PS Ratio Chart

KB Home Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 0.99 0.95 0.62 0.92

KB Home Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted PS 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 0.68 0.81 0.92 0.92 1.13

Competitive Comparison of KB Home's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, KB Home's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


KB Home's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, KB Home's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where KB Home's Cyclically Adjusted PS Ratio falls into.



KB Home Cyclically Adjusted PS Ratio Calculation

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

KB Home's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=70.50/58.67
=1.20

* 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.

KB Home's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, KB Home's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=18.754/130.9299*130.9299
=18.754

Current CPI (Feb. 2024) = 130.9299.

KB Home Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 5.678 100.373 7.407
201408 5.773 100.352 7.532
201411 7.849 99.635 10.314
201502 5.704 99.032 7.541
201505 6.135 100.333 8.006
201508 8.276 100.548 10.777
201511 9.246 100.135 12.090
201602 6.823 100.040 8.930
201605 8.563 101.355 11.062
201608 9.593 101.617 12.360
201611 12.442 101.829 15.998
201702 8.503 102.779 10.832
201705 10.261 103.256 13.011
201708 11.566 103.587 14.619
201711 13.977 104.072 17.584
201802 10.001 105.052 12.465
201805 10.888 106.148 13.430
201808 12.124 106.383 14.921
201811 13.406 106.338 16.506
201902 8.369 106.649 10.274
201905 11.063 108.048 13.406
201908 12.503 108.245 15.123
201911 16.714 108.519 20.166
202002 11.421 109.139 13.701
202005 9.778 108.175 11.835
202008 10.616 109.662 12.675
202011 12.574 109.793 14.995
202102 12.031 110.968 14.195
202105 15.107 113.576 17.415
202108 15.731 115.421 17.845
202111 18.447 117.269 20.596
202202 15.360 119.703 16.801
202205 19.045 123.323 20.220
202208 20.763 124.958 21.755
202211 22.256 125.607 23.199
202302 16.098 126.928 16.606
202305 20.939 128.314 21.366
202308 19.183 129.538 19.389
202311 20.789 129.548 21.011
202402 18.754 130.930 18.754

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.


KB Home  (NYSE:KBH) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


KB Home Cyclically Adjusted PS Ratio Related Terms

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


KB Home (KB Home) Business Description

Traded in Other Exchanges
Address
10990 Wilshire Boulevard, Floor 7, Los Angeles, CA, USA, 90024
KB Home is an American construction company that focuses on residential construction. The company builds single-family homes and communities across Arizona, California, Colorado, Florida, Nevada, Texas, North Carolina, Idaho and the Washington, D.C., area. KB Home operates in several markets and focuses on first-time and move-up homebuyers. The company follows a built-to-order model that offers personalized homes at attainable prices based on the market location. The company also invests in land acquisition and development to support future building activities and is also engaged in financial services operations which includes providing mortgage banking services through its joint venture with a third party.
Executives
William R Hollinger officer: SVP & Chief Accounting Officer 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024
Brian J Woram officer: EVP and General Counsel C/O H&R BLOCK, ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Melissa Lora director C/O KB HOME, 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024
Jeff Kaminski officer: EVP & Chief Financial Officer 26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48034
Jeffrey T Mezger director, officer: President and CEO 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024
Jose Miguel Barras director C/O KB HOME, 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024
Albert Z Praw officer: EVP, Real Estate & Bus. Dev. 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024
Thomas W. Gilligan director C/O KB HOME, 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024
Brian R Niccol director 1 GLEN BELL WAY, IRVINE CA 92618
Robert V. Mcgibney officer: EVP and Co-COO C/O KB HOME, 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024
Jodee A Kozlak director 1000 NICOLLET MALL, TPS-3255, MINNEAPOLIS MN 55403
Matthew W Mandino officer: EVP & Chief Operating Officer C/O KB HOME, 10990 WILSHIRE BLVD., 7TH FLOOR, LOS ANGELES CA 90024
Kevin Paul Eltife director C/O KB HOME, 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024
Arthur Reginald Collins director 3911 LORCOM LANE, ARLINGTON VA 22207
James C. Weaver director C/O KB HOME, 10990 WILSHIRE BLVD., 7TH FLOOR, LOS ANGELES CA 90024