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Kilroy Realty (Kilroy Realty) Cyclically Adjusted PB Ratio : 0.72 (As of Apr. 27, 2024)


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What is Kilroy Realty Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Kilroy Realty's current share price is $33.14. Kilroy Realty's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $46.09. Kilroy Realty's Cyclically Adjusted PB Ratio for today is 0.72.

The historical rank and industry rank for Kilroy Realty's Cyclically Adjusted PB Ratio or its related term are showing as below:

KRC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 2.51   Max: 3.67
Current: 0.72

During the past years, Kilroy Realty's highest Cyclically Adjusted PB Ratio was 3.67. The lowest was 0.60. And the median was 2.51.

KRC's Cyclically Adjusted PB Ratio is ranked better than
53.44% of 494 companies
in the REITs industry
Industry Median: 0.775 vs KRC: 0.72

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.

Kilroy Realty's adjusted book value per share data for the three months ended in Dec. 2023 was $46.300. 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 $46.09 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kilroy Realty Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kilroy Realty'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.

* Premium members only.

Kilroy Realty Cyclically Adjusted PB Ratio Chart

Kilroy Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.62 1.66 1.68 0.89 0.86

Kilroy Realty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB 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 0.89 0.73 0.66 0.69 0.86

Competitive Comparison of Kilroy Realty's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Kilroy Realty'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.


Kilroy Realty's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Kilroy Realty's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kilroy Realty's Cyclically Adjusted PB Ratio falls into.



Kilroy Realty 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.

Kilroy Realty's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.14/46.09
=0.72

* 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.

Kilroy Realty's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kilroy Realty'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)
=46.3/129.4194*129.4194
=46.300

Current CPI (Dec. 2023) = 129.4194.

Kilroy Realty Quarterly Data

Book Value per Share CPI Adj_Book
201403 28.423 99.695 36.898
201406 28.634 100.560 36.852
201409 28.437 100.428 36.646
201412 28.679 99.070 37.465
201503 29.622 99.621 38.482
201506 30.095 100.684 38.684
201509 32.318 100.392 41.663
201512 32.285 99.792 41.870
201603 34.001 100.470 43.798
201606 34.015 101.688 43.291
201609 35.447 101.861 45.037
201612 35.943 101.863 45.667
201703 37.274 102.862 46.897
201706 37.216 103.349 46.604
201709 37.505 104.136 46.611
201712 37.526 104.011 46.693
201803 37.301 105.290 45.850
201806 37.817 106.317 46.035
201809 37.765 106.507 45.889
201812 39.008 105.998 47.627
201903 38.770 107.251 46.784
201906 38.778 108.070 46.439
201909 40.228 108.329 48.060
201912 40.499 108.420 48.343
202003 43.384 108.902 51.558
202006 43.171 108.767 51.368
202009 43.109 109.815 50.805
202012 43.348 109.897 51.049
202103 46.872 111.754 54.281
202106 46.773 114.631 52.807
202109 46.749 115.734 52.277
202112 46.710 117.630 51.392
202203 46.483 121.301 49.594
202206 46.315 125.017 47.946
202209 46.539 125.227 48.097
202212 46.519 125.222 48.078
202303 46.393 127.348 47.148
202306 46.375 128.729 46.624
202309 46.349 129.860 46.192
202312 46.300 129.419 46.300

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


Kilroy Realty  (NYSE:KRC) 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.


Kilroy Realty Cyclically Adjusted PB Ratio Related Terms

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


Kilroy Realty (Kilroy Realty) Business Description

Industry
Traded in Other Exchanges
Address
12200 West Olympic Boulevard, Suite 200, Los Angeles, CA, USA, 90064
Kilroy Realty is a premier owner and landlord of approximately 16 million square feet of office space across Los Angeles, San Diego, the San Francisco Bay Area, and greater Seattle. The company operates as a real estate investment trust.
Executives
John Osmond officer: EVP, Head of Asset Management C/O KILROY REALTY CORPORATION, 12200 WEST OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Michelle Ngo officer: SVP, CFO & Treasurer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Eliott Trencher officer: SVP, Chief Investment Officer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Louisa Ritter director C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Jonathan Praw officer: SVP, Chief Investment Officer C/O KILROY REALTYCORPORATION, 12200 W. OLYNPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Merryl Elizabeth Werber officer: SVP, CAO & Controller 12200 W OLYMPIC BLVD STE 200, LOS ANGELES CA 90064
Stephen A Rosetta officer: EVP, Chief Investment Officer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Jolie A. Hunt director C/O KLIROY REALTY CORPORATION, 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Michael L. Sanford officer: EVP, Northern California 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Peter B. Stoneberg director 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Gary R. Stevenson director 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
David Joshua Simon officer: EVP 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
A. Robert Paratte officer: See Remarks 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Justin William Smart officer: See Remarks 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Kilroy John B Sr director 12200 W OLYMPIC BLVD, SUITE 200, LOS ANGELES CA 90064

Kilroy Realty (Kilroy Realty) Headlines