KKR Real Estate Finance Trust (FRA:8KR) E10: €0.52 (As of Jun. 2026)

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FRA:8KR KKR Real Estate Finance Trust Inc FRA:8KR
45 GF Score
Price €6.20
GF Value €3.45
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is KKR Real Estate Finance Trust E10?

KKR Real Estate Finance Trust FRA:8KR -2.36% 45 E10 is €0.52 as of Jun. 2026. GuruFocus rates FRA:8KR with a GF Score™ of 45/100 and a GF Value™ of €3.45 (Significantly Overvalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

KKR Real Estate Finance Trust's adjusted earnings per share data for the three months ended in Jun. 2026 was €-1.693. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.52 for the trailing ten years ended in Jun. 2026.

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 E10 growth rate using E10 data.

As of today (2026-07-25), KKR Real Estate Finance Trust's current stock price is €6.20. KKR Real Estate Finance Trust's E10 for the quarter that ended in Jun. 2026 was €0.52. KKR Real Estate Finance Trust's Shiller PE Ratio of today is 11.92.

During the past 11 years, the highest Shiller PE Ratio of KKR Real Estate Finance Trust was 12.17. The lowest was 6.93. And the median was 8.65.


KKR Real Estate Finance Trust  (FRA:8KR) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

KKR Real Estate Finance Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.20/0.52
=11.92

* 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 11 years, the highest Shiller P/E Ratio of KKR Real Estate Finance Trust was 12.17. The lowest was 6.93. And the median was 8.65.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


KKR Real Estate Finance Trust E10 Related Terms


KKR Real Estate Finance Trust E10 Historical Data

* Premium members only.

The historical data trend for KKR Real Estate Finance Trust's E10 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 E10 Chart

KKR Real Estate Finance Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.77

KKR Real Estate Finance Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 0.00 0.80 0.77 0.69 0.52

FRA:8KR vs CMTG, RWT, RC: E10 Comparison

For the REIT - Mortgage subindustry, KKR Real Estate Finance Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Real Estate Finance Trust Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, KKR Real Estate Finance Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where KKR Real Estate Finance Trust's Shiller PE Ratio falls into.


FRA:8KR
45GF Score
KKR Real Estate Finance Trust Inc FRA:8KR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KKR Real Estate Finance Trust E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-1.693/333.9520*333.9520
=-1.693

Current CPI (Jun. 2026) = 333.9520.

KKR Real Estate Finance Trust Quarterly Data

per share eps CPI Adj_EPS
201609 0.171 241.428 0.237
201612 0.207 241.432 0.286
201703 0.187 243.801 0.256
201706 0.267 244.955 0.364
201709 0.268 246.819 0.363
201712 0.270 246.524 0.366
201803 0.357 249.554 0.478
201806 0.377 251.989 0.500
201809 0.317 252.439 0.419
201812 0.299 251.233 0.397
201903 0.381 254.202 0.501
201906 0.266 256.143 0.347
201909 0.372 256.759 0.484
201912 0.387 256.974 0.503
202003 -0.552 258.115 -0.714
202006 0.462 257.797 0.598
202009 0.475 260.280 0.609
202012 0.427 260.474 0.547
202103 0.437 264.877 0.551
202106 0.432 271.696 0.531
202109 0.485 274.310 0.590
202112 0.522 278.802 0.625
202203 0.418 287.504 0.486
202206 0.265 296.311 0.299
202209 -0.707 296.808 -0.795
202212 0.198 296.797 0.223
202303 -0.420 301.836 -0.465
202306 -0.342 305.109 -0.374
202309 0.290 307.789 0.315
202312 -0.248 306.746 -0.270
202403 -0.120 312.332 -0.128
202406 0.269 314.175 0.286
202409 -0.171 315.301 -0.181
202412 0.201 315.605 0.213
202503 -0.139 319.799 -0.145
202506 -0.460 322.561 -0.476
202509 0.102 324.800 0.105
202512 -0.418 324.054 -0.431
202603 -0.830 330.213 -0.839
202606 -1.693 333.952 -1.693

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €0.52 mean?
KKR Real Estate Finance Trust (FRA:8KR) has a E10 of €0.52 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KKR Real Estate Finance Trust and its competitors.
Is KKR Real Estate Finance Trust's E10 too high?
KKR Real Estate Finance Trust's current E10 is €0.52. Overall, KKR Real Estate Finance Trust has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's E10 compare to CMTG and RWT?
KKR Real Estate Finance Trust's E10 of €0.52 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a REITs company?
A good E10 depends on the REITs industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on KKR Real Estate Finance Trust and its competitors. KKR Real Estate Finance Trust's current E10 is €0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KKR Real Estate Finance Trust stock overvalued right now?
Based on GuruFocus' analysis, KKR Real Estate Finance Trust (FRA:8KR) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.45, compared to a current price of €6.20 — trading 79.7% above its estimated fair value. The current E10 is €0.52. KKR Real Estate Finance Trust's overall GF Score™ is 45/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For KKR Real Estate Finance Trust (FRA:8KR), the current E10 is €0.52 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is KKR Real Estate Finance Trust (FRA:8KR) Overvalued in 2026?

Based on GuruFocus' analysis, KKR Real Estate Finance Trust stock appears to be overvalued. The current stock price of €6.20 is trading 79.7% above its estimated GF Value™ of €3.45. GuruFocus considers KKR Real Estate Finance Trust to be Significantly Overvalued.

Key valuation signals for FRA:8KR:

  • E10: €0.52
  • GF Value™: €3.45 vs. price of €6.20 (79.7% above fair value)
  • GF Score™: 45/100 with 5 warning signs

No single metric tells the full story. See the FRA:8KR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KKR Real Estate Finance Trust Business Description

Industry Real EstateREITs
Other Exchanges KREFpA.PFD:USAKREF:USA
Address 30 Hudson Yards, Suite 7500, New York, NY, USA, 10001
KKR Real Estate Finance Trust Inc is a real estate finance company that focuses on originating and acquiring senior mortgage loans secured by CRE assets. The investment is to originate or acquire senior mortgage loans collateralized by institutional-quality CRE assets that are owned and operated by experienced and well-capitalized sponsors and located in liquid markets with underlying fundamentals. KKR manages investments across multiple asset classes, including private equity, real estates, energy, infrastructure, credit, and hedge funds. The company's investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, through dividends.
45GF Score

Get the complete analysis for FRA:8KR

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.20
Price
€3.45
GF Value