KKR Real Estate Finance Trust (FRA:8KR) PB Ratio: 0.49 (As of Jul. 25, 2026) — 45% Below Median

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:8KR KKR Real Estate Finance Trust Inc FRA:8KR
45 GF Score
Price €6.20
GF Value €3.29
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is KKR Real Estate Finance Trust PB Ratio?

KKR Real Estate Finance Trust FRA:8KR -2.36% 45 PB Ratio is 0.49 as of Jul. 25, 2026, which is 45% below its 10-year median of 0.89. GuruFocus rates FRA:8KR with a GF Score™ of 45/100 and a GF Value™ of €3.29 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 921 REITs companies, KKR Real Estate Finance Trust ranks better than 88.71% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-25), KKR Real Estate Finance Trust's share price is €6.20. KKR Real Estate Finance Trust's Book Value per Share for the quarter that ended in Jun. 2026 was €12.58. Hence, KKR Real Estate Finance Trust's PB Ratio of today is 0.49.

Warning Sign:

KKR Real Estate Finance Trust Inc stock PB Ratio (=0.51) is close to 1-year high of 0.52.

The historical rank and industry rank for KKR Real Estate Finance Trust's PB Ratio or its related term are showing as below:

FRA:8KR' s PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.89   Max: 1.84
Current: 0.51

During the past 11 years, KKR Real Estate Finance Trust's highest PB Ratio was 1.84. The lowest was 0.33. And the median was 0.89.

FRA:8KR's PB Ratio is ranked better than
88.71% of 921 companies
in the REITs industry
Industry Median: 0.86 vs FRA:8KR: 0.51

During the past 12 months, KKR Real Estate Finance Trust's average Book Value Per Share Growth Rate was -23.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -7.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.90% per year.

During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of KKR Real Estate Finance Trust was 53.70% per year. The lowest was -7.10% per year. And the median was 3.35% per year.

Back to Basics: PB Ratio


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

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB 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 PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


KKR Real Estate Finance Trust PB Ratio Related Terms


KKR Real Estate Finance Trust PB Ratio Historical Data

* Premium members only.

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

KKR Real Estate Finance Trust PB Ratio Chart

KKR Real Estate Finance Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.60 0.65 0.52 0.46

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
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 0.47 0.47 0.46 0.36 0.48

FRA:8KR vs CMTG, RWT, RC: PB Ratio Comparison

For the REIT - Mortgage subindustry, KKR Real Estate Finance Trust's PB Ratio, along with its competitors' market caps and 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.


KKR Real Estate Finance Trust PB Ratio vs REITs Industry

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

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


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

KKR Real Estate Finance Trust PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

KKR Real Estate Finance Trust's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=6.20/12.576
=0.49

* 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.

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 PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.49 mean?
KKR Real Estate Finance Trust (FRA:8KR) has a PB Ratio of 0.49 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on KKR Real Estate Finance Trust and its competitors. This is 45% below median its historical median of 0.89. Over the past decade, KKR Real Estate Finance Trust's PB Ratio has ranged from 0.33 to 1.84. According to the industry distribution chart, KKR Real Estate Finance Trust ranks #104 out of 921 companies in the REITs industry, placing it in the top 11.3%.
Is KKR Real Estate Finance Trust's PB Ratio too high?
KKR Real Estate Finance Trust's current PB Ratio of 0.49 is 45% below median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.84. The REITs industry median PB Ratio is 0.86. KKR Real Estate Finance Trust's value of 0.49 is 43% below this industry median. Based on the distribution chart, KKR Real Estate Finance Trust ranks #104 out of 921 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 PB Ratio compare to CMTG and RWT?
According to the REITs industry distribution chart, KKR Real Estate Finance Trust ranks #104 out of 921 companies for PB Ratio. This places KKR Real Estate Finance Trust in the top 11% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. KKR Real Estate Finance Trust's value of 0.49 is 43% below this benchmark. Historically, KKR Real Estate Finance Trust's own PB Ratio has ranged from 0.33 to 1.84 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.86, KKR Real Estate Finance Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 921 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KKR Real Estate Finance Trust's current PB Ratio of 0.49 is 43% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on KKR Real Estate Finance Trust and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KKR Real Estate Finance Trust's current PB Ratio is 0.49, which is 45% below median its own 10-year median of 0.89. 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 €3.29, compared to a current price of €6.20 — trading 88.4% above its estimated fair value. The current PB Ratio is 0.49, which is 45% below median its 10-year median of 0.89 and 43% below the REITs industry median of 0.86. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For KKR Real Estate Finance Trust (FRA:8KR), the current PB Ratio is 0.49 as of Jul. 25, 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 88.4% above its estimated GF Value™ of €3.29. GuruFocus considers KKR Real Estate Finance Trust to be Significantly Overvalued.

Key valuation signals for FRA:8KR:

  • PB Ratio: 0.49 (45% below median its 10-year median of 0.89)
  • GF Value™: €3.29 vs. price of €6.20 (88.4% above fair value)
  • GF Score™: 45/100 with 5 warning signs
  • Industry Position: 43% below the REITs median (#104 of 921)

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

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

€6.20
Price
€3.29
GF Value