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KKR Real Estate Finance TrustKREF -2.31%42 Price-to-Tangible-Book is 0.53 as of Aug. 16, 2026, which is 38% below its 10-year median of 0.85. GuruFocus rates KREF with a GF Scoreâ„¢ of 42/100 and a GF Valueâ„¢ of $4.24 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 906 REITs companies, KKR Real Estate Finance Trust ranks better than 83% on this metric.
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.
KKR Real Estate Finance Trust Price-to-Tangible-Book Related Terms
KKR Real Estate Finance Trust Price-to-Tangible-Book Historical Data
* 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 Price-to-Tangible-Book Chart
KREF vs FBRT, RWT, NREF: Price-to-Tangible-Book Comparison
For the REIT - Mortgage subindustry, KKR Real Estate Finance Trust's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs REITs Industry
For the REITs industry and Real Estate sector, KKR Real Estate Finance Trust's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where KKR Real Estate Finance Trust's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
KKR Real Estate Finance Trust (KREF) has a Price-to-Tangible-Book of 0.53 as of Aug. 16, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on KKR Real Estate Finance Trust and its competitors. This is 38% below median its historical median of 0.85. Over the past decade, KKR Real Estate Finance Trust's Price-to-Tangible-Book has ranged from 0.36 to 1.08. According to the industry distribution chart, KKR Real Estate Finance Trust ranks #154 out of 906 companies in the REITs industry, placing it in the top 17%.
Is KKR Real Estate Finance Trust's Price-to-Tangible-Book too high?
KKR Real Estate Finance Trust's current Price-to-Tangible-Book of 0.53 is 38% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.08. The REITs industry median Price-to-Tangible-Book is 0.85. KKR Real Estate Finance Trust's value of 0.53 is 37.6% below this industry median. Based on the distribution chart, KKR Real Estate Finance Trust ranks #154 out of 906 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 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's Price-to-Tangible-Book compare to FBRT and RWT?
According to the REITs industry distribution chart, KKR Real Estate Finance Trust ranks #154 out of 906 companies for Price-to-Tangible-Book. This places KKR Real Estate Finance Trust in the top 17% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 0.85. KKR Real Estate Finance Trust's value of 0.53 is 37.6% below this benchmark. Historically, KKR Real Estate Finance Trust's own Price-to-Tangible-Book has ranged from 0.36 to 1.08 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.85, 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 Price-to-Tangible-Book for a REITs company?
The median Price-to-Tangible-Book among REITs companies is 0.85, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KKR Real Estate Finance Trust's current Price-to-Tangible-Book of 0.53 is 37.6% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on KKR Real Estate Finance Trust and its competitors. For the REITs industry, the median Price-to-Tangible-Book is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KKR Real Estate Finance Trust's current Price-to-Tangible-Book is 0.53, which is 38% below median its own 10-year median of 0.85. 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 (KREF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.24, compared to a current price of $7.62 — trading 79.7% above its estimated fair value. The current Price-to-Tangible-Book is 0.53, which is 38% below median its 10-year median of 0.85 and 37.6% below the REITs industry median of 0.85. KKR Real Estate Finance Trust's overall GF Score™ is 42/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For KKR Real Estate Finance Trust (KREF), the current Price-to-Tangible-Book is 0.53 as of Aug. 16, 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 (KREF) Overvalued in 2026?
Based on GuruFocus' analysis, KKR Real Estate Finance Trust stock appears to be overvalued.
The current stock price of $7.62 is trading 79.7% above its estimated GF Value™ of $4.24.
GuruFocus considers KKR Real Estate Finance Trust to be Significantly Overvalued.
Key valuation signals for KREF:
Price-to-Tangible-Book: 0.53 (38% below median its 10-year median of 0.85)
GF Value™: $4.24 vs. price of $7.62 (79.7% above fair value)
Industry Position: 37.6% below the REITs median (#154 of 906)
No single metric tells the full story. See the KREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
42GF Score
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