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E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.
KKR Real Estate Finance Trust's adjusted revenue per share data for the fiscal year that ended in Dec. 2024 was $2.236. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $2.10 for the trailing ten years ended in Dec. 2024.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.
As of today (2025-04-13), KKR Real Estate Finance Trust's current stock price is $ 8.60. KKR Real Estate Finance Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec. 2024 was $2.10. KKR Real Estate Finance Trust's Cyclically Adjusted PS Ratio of today is 4.10.
During the past 10 years, the highest Cyclically Adjusted PS Ratio of KKR Real Estate Finance Trust was 5.42. The lowest was 4.10. And the median was 5.21.
The historical data trend for KKR Real Estate Finance Trust's Cyclically Adjusted Revenue per Share 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 Real Estate Finance Trust Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Cyclically Adjusted Revenue per Share | Get a 7-Day Free Trial |
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- | - | - | - | 2.10 |
KKR Real Estate Finance Trust Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Cyclically Adjusted Revenue per Share | Get a 7-Day Free Trial |
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- | - | - | - | 2.10 |
For the REIT - Mortgage subindustry, KKR Real Estate Finance Trust'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.
For the REITs industry and Real Estate sector, KKR Real Estate Finance Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where KKR Real Estate Finance Trust's Cyclically Adjusted PS Ratio falls into.
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.
What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?
Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.
If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.
We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.
For example, KKR Real Estate Finance Trust's adjusted Revenue per Share data for the fiscal year that ended in Dec. 2024 was:
Adj_RevenuePerShare | = | Revenue per Share | / | CPI of Dec. 2024 (Change) | * | Current CPI (Dec. 2024) |
= | 2.236 | / | 133.1571 | * | 133.1571 | |
= | 2.236 |
Current CPI (Dec. 2024) = 133.1571.
KKR Real Estate Finance Trust Annual Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201512 | 0.377 | 99.792 | 0.503 |
201612 | 0.676 | 101.863 | 0.884 |
201712 | 1.440 | 104.011 | 1.844 |
201812 | 1.799 | 105.998 | 2.260 |
201912 | 1.734 | 108.420 | 2.130 |
202012 | 2.241 | 109.897 | 2.715 |
202112 | 2.676 | 117.630 | 3.029 |
202212 | 2.587 | 125.222 | 2.751 |
202312 | 2.533 | 129.419 | 2.606 |
202412 | 2.236 | 133.157 | 2.236 |
Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.
KKR Real Estate Finance Trust (NYSE:KREF) Cyclically Adjusted Revenue per Share Explanation
If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.
For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.
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.
KKR Real Estate Finance Trust's Cyclically Adjusted PS Ratio of today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 8.60 | / | 2.10 | |
= | 4.10 |
* 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.
During the past 10 years, the highest Cyclically Adjusted PS Ratio of KKR Real Estate Finance Trust was 5.42. The lowest was 4.10. And the median was 5.21.
Be Aware
Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.
Thank you for viewing the detailed overview of KKR Real Estate Finance Trust's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
W Patrick Mattson | officer: Chief Operating Off. and Secr | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001 |
Matthew A Salem | officer: Co-CEO and Co-President | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001 |
Lee Christen E.j. | officer: Co-CEO and Co-President | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001 |
Kkr Group Co. Inc. | 10 percent owner | 30 HUDSON YARDS, NEW YORK NY 10001 |
Kkr Group Partnership L.p. | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001 |
Kkr Reft Holdings L.p. | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001 |
Kendra Decious | officer: CFO and Treasurer | C/O KKR REAL ESTATE FINANCE TRUST INC., 30 HUDSON YARDS, SUITE 7500, NEW YORK NY 10001 |
Vincent J. Napolitano | officer: General Counsel and Secretary | C/O KKR REAL ESTATE FINANCE TRUST INC., 30 HUDSON YARDS, SUITE 7500, NEW YORK NY 10001 |
Tactical Value Spn-kref Holdings L.p. | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Makena U.s. Real Estate Master Fund B, L.p. | 10 percent owner | 2755 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Kkr Management Holdings L.p. | 10 percent owner | 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019 |
Irene M Esteves | director | C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023 |
Paula Madoff | director | C/O KKR REAL ESTATE FINANCE TRUST INC., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Mostafa Nagaty | officer: CFO and Treasurer | C/O KKR REAL ESTATE FINANCE TRUST INC., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Jonathan A Langer | director | C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
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