KKR (STU:KR51) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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.

STU:KR51 KKR & Co Inc STU:KR51
87 GF Score
Price €86.04
GF Value €121.58
Valuation Modestly Undervalued
! 7 Warning Signs
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What is KKR Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


KKR  (STU:KR51) 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.


KKR Cyclically Adjusted PS Ratio Related Terms


KKR Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KKR'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.

KKR Cyclically Adjusted PS Ratio Chart

KKR Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.68 3.79 6.45 11.13 7.73

KKR Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 8.65 8.18 8.16 5.69 5.48

STU:KR51 vs BX, APO, STT: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, KKR'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.


KKR Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, KKR's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:KR51
87GF Score
KKR & Co Inc STU:KR51
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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KKR 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.

KKR's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, KKR's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.18/333.9520*333.9520
=6.180

Current CPI (Jun. 2026) = 333.9520.

KKR Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.821 241.428 2.519
201612 1.561 241.432 2.159
201703 1.726 243.801 2.364
201706 1.658 244.955 2.260
201709 1.085 246.819 1.468
201712 1.604 246.524 2.173
201803 0.764 249.554 1.022
201806 1.723 251.989 2.283
201809 2.160 252.439 2.857
201812 -0.115 251.233 -0.153
201903 2.109 254.202 2.771
201906 2.012 256.143 2.623
201909 1.597 256.759 2.077
201912 1.840 256.974 2.391
202003 -1.523 258.115 -1.970
202006 1.637 257.797 2.121
202009 3.377 260.280 4.333
202012 2.795 260.474 3.583
202103 7.029 264.877 8.862
202106 4.843 271.696 5.953
202109 6.909 274.310 8.411
202112 6.653 278.802 7.969
202203 0.899 287.504 1.044
202206 0.245 296.311 0.276
202209 1.880 296.808 2.115
202212 1.764 296.797 1.985
202303 3.917 301.836 4.334
202306 3.336 305.109 3.651
202309 3.104 307.789 3.368
202312 6.462 306.746 7.035
202403 9.958 312.332 10.647
202406 4.261 314.175 4.529
202409 5.931 315.301 6.282
202412 2.913 315.605 3.082
202503 3.312 319.799 3.459
202506 5.220 322.561 5.404
202509 5.367 324.800 5.518
202512 4.963 324.054 5.115
202603 4.678 330.213 4.731
202606 6.180 333.952 6.180

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.

Is KKR (STU:KR51) Overvalued in 2026?

Based on GuruFocus' analysis, KKR stock appears to be undervalued. The current stock price of €86.04 is trading 29.2% below its estimated GF Value™ of €121.58. GuruFocus considers KKR to be Modestly Undervalued.

Key valuation signals for STU:KR51:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €121.58 vs. price of €86.04 (29.2% below fair value)
  • GF Score™: 87/100 with 7 warning signs

No single metric tells the full story. See the STU:KR51 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KKR Business Description

Address 30 Hudson Yards, New York, NY, USA, 10001
KKR is one of the world's largest alternative asset managers, with $723.2 billion in total managed assets, including $585.0 billion in fee-earning AUM, at the end of September 2025. The company has two core segments: asset management (which includes private markets-private equity, credit, infrastructure, energy, and real estate-and public markets-primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).
87GF Score

Get the complete analysis for STU:KR51

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

€86.04
Price
€121.58
GF Value