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Kayne Anderson Energy Development Co  (NYSE:KED) PB Ratio: 0.94 (As of Today)

As of today, Kayne Anderson Energy Development Co's share price is $18.04. Kayne Anderson Energy Development Co's Book Value per Share for the fiscal year that ended in Nov. 2016 was $19.14. Hence, Kayne Anderson Energy Development Co's P/B Ratio of today is 0.94.

NYSE:KED' s PB Ratio Range Over the Past 10 Years
Min: 0.32   Max: 1.29
Current: 0.98

0.32
1.29

During the past 10 years, Kayne Anderson Energy Development Co's highest P/B Ratio was 1.29. The lowest was 0.32. And the median was 0.92.

NYSE:KED's PB Ratio is ranked higher than
61% of the 1557 Companies
in the Global industry.

( Industry Median: 0.99 vs. NYSE:KED: 0.98 )

During the past 12 months, Kayne Anderson Energy Development Co's average Book Value Per Share Growth Rate was -0.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -13.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.20% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Kayne Anderson Energy Development Co was 13.40% per year. The lowest was -13.90% per year. And the median was 12.60% per year.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Kayne Anderson Energy Development Co Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 0.96 1.06 0.92 1.02

Kayne Anderson Energy Development Co Semi-Annual Data

Nov07 May08 Nov08 May09 Nov09 May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17
PB Ratio 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 Premium Member Only Premium Member Only Premium Member Only 0.99 0.92 1.00 1.02 1.00

Competitive Comparison
* 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.


Calculation

Kayne Anderson Energy Development Co's P/B ratio for today is calculated as follows:

P/B Ratio=Share Price/Book Value per Share (A: Nov. 2016)
=18.04/19.143
=0.94

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and Price-to-Book Ratio is that book value other than intangibles are used in the calculation.


Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PS Ratio or Price-to-Free-Cash-Flow, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


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