KREF (KKR Real Estate Finance Trust) PS Ratio: 4.14 (As of Jun. 25, 2026) — 48% Below Median


KREF KKR Real Estate Finance Trust Inc KREF
46 GF Score
Price $7.03
GF Value $7.16
Valuation Fairly Valued
! 3 Warning Signs
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What is KKR Real Estate Finance Trust PS Ratio?

KKR Real Estate Finance Trust KREF -0.14% 46 PS Ratio is 4.14 as of Jun. 25, 2026, which is 48% below its 10-year median of 7.94. GuruFocus rates KREF with a GF Score™ of 46/100 and a GF Value™ of $7.16 (Fairly Valued). The stock has 3 warning signs investors should review. Among 916 REITs companies, KKR Real Estate Finance Trust ranks better than 75.11% on this metric.

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, KKR Real Estate Finance Trust's share price is $7.03. KKR Real Estate Finance Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $1.70. Hence, KKR Real Estate Finance Trust's PS Ratio for today is 4.14.

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

KREF' s PS Ratio Range Over the Past 10 Years
Min: 3.54   Med: 7.94   Max: 26.58
Current: 4.14

During the past 11 years, KKR Real Estate Finance Trust's highest PS Ratio was 26.58. The lowest was 3.54. And the median was 7.94.

KREF's PS Ratio is ranked better than
75.11% of 916 companies
in the REITs industry
Industry Median: 6.62 vs KREF: 4.14

KKR Real Estate Finance Trust's Revenue per Sharefor the three months ended in Mar. 2026 was $0.44. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $1.70.

Warning Sign:

KKR Real Estate Finance Trust Inc revenue per share has been in decline for the last 5 years.

During the past 12 months, the average Revenue per Share Growth Rate of KKR Real Estate Finance Trust was -19.00% per year. During the past 3 years, the average Revenue per Share Growth Rate was -13.20% per year. During the past 5 years, the average Revenue per Share Growth Rate was -5.50% per year. During the past 10 years, the average Revenue per Share Growth Rate was 14.80% per year.

During the past 11 years, KKR Real Estate Finance Trust's highest 3-Year average Revenue per Share Growth Rate was 68.40% per year. The lowest was -13.20% per year. And the median was 14.25% per year.

Back to Basics: PS Ratio


KKR Real Estate Finance Trust  (NYSE:KREF) PS Ratio Explanation

The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.

When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.


KKR Real Estate Finance Trust PS Ratio Related Terms


KKR Real Estate Finance Trust PS Ratio Historical Data

* Premium members only.

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

KKR Real Estate Finance Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.78 5.40 5.22 4.52 4.86

KKR Real Estate Finance Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PS 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 5.15 4.45 5.08 4.86 3.60

KREF vs CMTG, NREF, RC: PS Ratio Comparison

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

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

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


KREF
46GF Score
KKR Real Estate Finance Trust Inc KREF
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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KKR Real Estate Finance Trust PS Ratio Calculation

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.

KKR Real Estate Finance Trust's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=7.03/1.699
=4.14

KKR Real Estate Finance Trust's Share Price of today is $7.03.
KKR Real Estate Finance Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.70.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.

Frequently Asked Questions Learn more about PS Ratio →
What does a PS Ratio of 4.14 mean?
KKR Real Estate Finance Trust (KREF) has a PS Ratio of 4.14 as of Jun. 25, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on KKR Real Estate Finance Trust and its competitors. This is 48% below median its historical median of 7.94. Over the past decade, KKR Real Estate Finance Trust's PS Ratio has ranged from 3.54 to 26.58. According to the industry distribution chart, KKR Real Estate Finance Trust ranks #228 out of 916 companies in the REITs industry, placing it in the top 24.9%.
Is KKR Real Estate Finance Trust's PS Ratio too high?
KKR Real Estate Finance Trust's current PS Ratio of 4.14 is 48% below median its 10-year median of 7.94. Over the past 10 years, this metric has ranged from a low of 3.54 to a high of 26.58. The REITs industry median PS Ratio is 6.62. KKR Real Estate Finance Trust's value of 4.14 is 37.5% below this industry median. Based on the distribution chart, KKR Real Estate Finance Trust ranks #228 out of 916 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 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's PS Ratio compare to CMTG and NREF?
According to the REITs industry distribution chart, KKR Real Estate Finance Trust ranks #228 out of 916 companies for PS Ratio. This places KKR Real Estate Finance Trust in the top 25% of its industry — outperforming the majority of peers. The industry median PS Ratio is 6.62. KKR Real Estate Finance Trust's value of 4.14 is 37.5% below this benchmark. Historically, KKR Real Estate Finance Trust's own PS Ratio has ranged from 3.54 to 26.58 over the past decade. While the company's 10-year median is 7.94 vs. the industry median of 6.62, 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 PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.62, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS 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 PS Ratio of 4.14 is 37.5% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on KKR Real Estate Finance Trust and its competitors. For the REITs industry, the median PS Ratio is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KKR Real Estate Finance Trust's current PS Ratio is 4.14, which is 48% below median its own 10-year median of 7.94. 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 Fairly Valued. The stock's GF Value™ is $7.16, compared to a current price of $7.03 — trading 1.8% below its estimated fair value. The current PS Ratio is 4.14, which is 48% below median its 10-year median of 7.94 and 37.5% below the REITs industry median of 6.62. KKR Real Estate Finance Trust's overall GF Score™ is 46/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For KKR Real Estate Finance Trust (KREF), the current PS Ratio is 4.14 as of Jun. 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 (KREF) Overvalued in 2026?

Based on GuruFocus' analysis, KKR Real Estate Finance Trust stock appears to be undervalued. The current stock price of $7.03 is trading 1.8% below its estimated GF Value™ of $7.16. GuruFocus considers KKR Real Estate Finance Trust to be Fairly Valued.

Key valuation signals for KREF:

  • PS Ratio: 4.14 (48% below median its 10-year median of 7.94)
  • GF Value™: $7.16 vs. price of $7.03 (1.8% below fair value)
  • GF Score™: 46/100 with 3 warning signs
  • Industry Position: 37.5% below the REITs median (#228 of 916)

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 Business Description

Industry Real EstateREITs
Other Exchanges KREFpA.PFD:USA8KR:Germany
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.
46GF Score

Get the complete analysis for KREF

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

$7.03
Price
$7.16
GF Value