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Kennedy-Wilson Holdings (Kennedy-Wilson Holdings) Cyclically Adjusted Book per Share : $11.22 (As of Dec. 2023)


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What is Kennedy-Wilson Holdings Cyclically Adjusted Book per Share?

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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Kennedy-Wilson Holdings's adjusted book value per share for the three months ended in Dec. 2023 was $6.957. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $11.22 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kennedy-Wilson Holdings's average Cyclically Adjusted Book Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Kennedy-Wilson Holdings was 5.80% per year. The lowest was 4.60% per year. And the median was 5.30% per year.

As of today (2024-04-27), Kennedy-Wilson Holdings's current stock price is $8.50. Kennedy-Wilson Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $11.22. Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio of today is 0.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kennedy-Wilson Holdings was 2.51. The lowest was 0.73. And the median was 2.06.


Kennedy-Wilson Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kennedy-Wilson Holdings's Cyclically Adjusted Book 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.

* Premium members only.

Kennedy-Wilson Holdings Cyclically Adjusted Book per Share Chart

Kennedy-Wilson Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.42 9.67 10.47 11.15 11.22

Kennedy-Wilson Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 11.15 11.30 11.38 11.39 11.22

Competitive Comparison of Kennedy-Wilson Holdings's Cyclically Adjusted Book per Share

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's Cyclically Adjusted PB Ratio Distribution in the 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.



Kennedy-Wilson Holdings Cyclically Adjusted Book per Share Calculation

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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Kennedy-Wilson Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6.957/129.4194*129.4194
=6.957

Current CPI (Dec. 2023) = 129.4194.

Kennedy-Wilson Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.390 99.695 13.488
201406 10.646 100.560 13.701
201409 10.077 100.428 12.986
201412 9.378 99.070 12.251
201503 10.202 99.621 13.254
201506 9.880 100.684 12.700
201509 9.914 100.392 12.781
201512 9.899 99.792 12.838
201603 9.778 100.470 12.595
201606 9.528 101.688 12.126
201609 9.382 101.861 11.920
201612 9.055 101.863 11.505
201703 8.951 102.862 11.262
201706 8.996 103.349 11.265
201709 8.873 104.136 11.027
201712 9.010 104.011 11.211
201803 8.948 105.290 10.999
201806 8.797 106.317 10.709
201809 8.690 106.507 10.559
201812 8.706 105.998 10.630
201903 8.615 107.251 10.396
201906 8.743 108.070 10.470
201909 8.670 108.329 10.358
201912 9.724 108.420 11.607
202003 9.177 108.902 10.906
202006 8.730 108.767 10.388
202009 8.402 109.815 9.902
202012 9.545 109.897 11.241
202103 9.375 111.754 10.857
202106 10.670 114.631 12.046
202109 10.778 115.734 12.052
202112 10.746 117.630 11.823
202203 10.483 121.301 11.185
202206 9.964 125.017 10.315
202209 9.681 125.227 10.005
202212 9.953 125.222 10.287
202303 9.562 127.348 9.718
202306 9.785 128.729 9.838
202309 8.739 129.860 8.709
202312 6.957 129.419 6.957

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Kennedy-Wilson Holdings  (NYSE:KW) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Kennedy-Wilson Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.50/11.22
=0.76

* 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 13 years, the highest Cyclically Adjusted PB Ratio of Kennedy-Wilson Holdings was 2.51. The lowest was 0.73. And the median was 2.06.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Kennedy-Wilson Holdings Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Kennedy-Wilson Holdings's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Kennedy-Wilson Holdings (Kennedy-Wilson Holdings) Business Description

Industry
Traded in Other Exchanges
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; 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.
Executives
William J Mcmorrow director, 10 percent owner, officer: Chief Executive Officer 530 WILSHIRE BLVD, STE 101, SANTA MONICA CA 90401
Michael John Pegler officer: President KW Europe 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Regina Wambold Finnegan officer: EVP, Risk Management and HR 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Todd L Boehly director 600 STEAMBOAT ROAD, GREENWICH CT 06830
Boucher Richard Aidan Hugh director 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Wade Burton director 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Stanley R Zax director ZENITH NATIONAL INSURANCE, 21255 CALIFA STREET, WOODLAND HILLS CA 91367
Mary Ricks officer: Co-CEO of KW Com Invt Group
Watsa V Prem Et Al 10 percent owner 95 WELLINGTON STREET WEST, SUITE 800, TORONTO A6 M5J 2N7
Fairfax Financial Holdings Ltd/ Can 10 percent owner FAIRFAX FINANCIAL HOLDINGS LTD, 95 WELLINGTON ST WEST STE 800, TORONTO A6 M5J 2N7
Second 1109 Holdco Ltd. 10 percent owner 95 WELLINGTON ST W STE 800, TORONTO A6 M5J 2N7
Sixty Two Investment Co Ltd 10 percent owner 1600 CATHEDRAL PLACE, 925 W GEORGIA ST, VANCOUVER BC CANADA A1 V6C3L3
Justin Enbody officer: Chief Financial Officer 9701 WILSHIRE BLVD., SUITE 700, BEVERLY HILLS CA 90212
Kent Y Mouton director C/O KENNEDY WILSON INC, 9601 WILSHIRE BLVD STE 220, BEVERLY HILLS CA 90210
Cathy Hendrickson director 9701 WILSHIRE BLVD., SUITE 700, BEVERLY HILLS CA 90210