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Kite Realty Group Trust (Kite Realty Group Trust) Cyclically Adjusted PB Ratio : 1.00 (As of Apr. 28, 2024)


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What is Kite Realty Group Trust Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Kite Realty Group Trust's current share price is $21.26. Kite Realty Group Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $21.33. Kite Realty Group Trust's Cyclically Adjusted PB Ratio for today is 1.00.

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

KRG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.87   Max: 1.14
Current: 1

During the past years, Kite Realty Group Trust's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.34. And the median was 0.87.

KRG's Cyclically Adjusted PB Ratio is ranked worse than
61.94% of 494 companies
in the REITs industry
Industry Median: 0.775 vs KRG: 1.00

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.

Kite Realty Group Trust's adjusted book value per share data for the three months ended in Dec. 2023 was $16.260. 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 $21.33 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kite Realty Group Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kite Realty Group Trust'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.

Kite Realty Group Trust Cyclically Adjusted PB Ratio Chart

Kite Realty Group Trust 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 0.91 0.73 1.04 0.98 1.07

Kite Realty Group Trust 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 0.98 0.97 1.03 0.99 1.07

Competitive Comparison of Kite Realty Group Trust's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Kite Realty Group Trust'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.


Kite Realty Group Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Kite Realty Group Trust 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.

Kite Realty Group Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.26/21.33
=1.00

* 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.

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

For example, Kite Realty Group Trust'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)
=16.26/129.4194*129.4194
=16.260

Current CPI (Dec. 2023) = 129.4194.

Kite Realty Group Trust Quarterly Data

Book Value per Share CPI Adj_Book
201403 19.703 99.695 25.578
201406 19.183 100.560 24.688
201409 21.925 100.428 28.254
201412 21.515 99.070 28.106
201503 21.234 99.621 27.585
201506 21.164 100.684 27.204
201509 20.878 100.392 26.915
201512 20.711 99.792 26.860
201603 20.272 100.470 26.113
201606 19.920 101.688 25.352
201609 19.683 101.861 25.008
201612 19.673 101.863 24.995
201703 19.378 102.862 24.381
201706 19.256 103.349 24.113
201709 18.960 104.136 23.563
201712 18.724 104.011 23.298
201803 18.225 105.290 22.402
201806 17.920 106.317 21.814
201809 17.656 106.507 21.454
201812 16.858 105.998 20.583
201903 16.527 107.251 19.943
201906 16.111 108.070 19.294
201909 15.509 108.329 18.528
201912 15.352 108.420 18.325
202003 14.894 108.902 17.700
202006 14.825 108.767 17.640
202009 14.752 109.815 17.386
202012 14.618 109.897 17.215
202103 14.581 111.754 16.886
202106 14.353 114.631 16.205
202109 14.175 115.734 15.851
202112 17.913 117.630 19.708
202203 17.798 121.301 18.989
202206 17.760 125.017 18.385
202209 17.676 125.227 18.268
202212 17.184 125.222 17.760
202303 16.897 127.348 17.172
202306 16.833 128.729 16.923
202309 16.570 129.860 16.514
202312 16.260 129.419 16.260

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.


Kite Realty Group Trust  (NYSE:KRG) 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.


Kite Realty Group Trust Cyclically Adjusted PB Ratio Related Terms

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


Kite Realty Group Trust (Kite Realty Group Trust) Business Description

Industry
Traded in Other Exchanges
Address
30 South Meridian Street, Suite 1100, Indianapolis, IN, USA, 46204
Kite Realty Group Trust that owns mainly community shopping centers concentrated in Indiana (39% of base rent), Florida (10.9%), Maryland (6.8%), New York (6%), North Carolina (5.4%) and Texas (25.7%). At year-end 2022, Kite owned interests in 183 retail operating properties and three commercial properties, representing 8.9 million of gross leasable area. It also had eight properties under development or redevelopment.
Executives
Steven P Grimes director RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
John A Kite director, officer: CEO, Pres & Trustee KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
Charles H Wurtzebach director 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Gerald M Gorski director RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Bonnie Biumi director RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Peter L Lynch director 2021 SPRING ROAD SUITE 200, OAK BROOK IL 60523
Derrick Burks director C/O EQUITY LIFESTYLE PROPERTIES INC, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Caroline L. Young director C/O KITE REALTY GROUP TRUST, 30 S. MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
R Fear Heath officer: EVP & Chief Financial Officer C/O GGP INC., 350 N. ORLEANS, SUITE 300, CHICAGO IL 60654
Lee A Daniels director 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
William E Bindley director
Barton R Peterson director LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
David Buell officer: Senior VP & CAO KITE REALTY GROUP TRUST, 30 SOUTH MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
Thomas K Mcgowan officer: EVP & COO KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
Thomas R Olinger officer: Senior VP & CAO 30 S. MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204