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KKR Real Estate Finance TrustKREF +3.16%48 Shiller PE Ratio is 12.73 as of Aug. 19, 2026, which is 44% above its 10-year median of 8.87. GuruFocus rates KREF with a GF Score™ of 48/100 and a GF Value™ of $4.29 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 477 REITs companies, KKR Real Estate Finance Trust ranks better than 55.14% on this metric.
The historical rank and industry rank for KKR Real Estate Finance Trust's Shiller PE Ratio or its related term are showing as below:
KREF'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.93 Med: 8.87 Max: 13.15
Current: 12.73
During the past years, KKR Real Estate Finance Trust's highest Shiller PE Ratio was 13.15. The lowest was 6.93. And the median was 8.87.
KREF's Shiller PE Ratio is ranked better than 55.14% of 477
companies
in the REITs industry
Industry Median: 13.5
vs KREF: 12.73
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio 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 $-1.950. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.59 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
KKR Real Estate Finance Trust (NYSE:KREF) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
KKR Real Estate Finance Trust Shiller PE Ratio Related Terms
KKR Real Estate Finance Trust Shiller PE Ratio 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 Shiller PE Ratio Chart
KREF vs FBRT, RWT, NREF: Shiller PE Ratio 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.
KKR Real Estate Finance Trust Shiller PE Ratio Calculation
For Shiller PE Ratio, 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 PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our 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.
KKR Real Estate Finance Trust (KREF) has a Shiller PE Ratio of 12.73 as of Aug. 19, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on KKR Real Estate Finance Trust and its competitors. This is 44% above median its historical median of 8.87. Over the past decade, KKR Real Estate Finance Trust's Shiller PE Ratio has ranged from 6.93 to 13.15. According to the industry distribution chart, KKR Real Estate Finance Trust ranks #214 out of 477 companies in the REITs industry, placing it in the top 44.9%.
Is KKR Real Estate Finance Trust's Shiller PE Ratio too high?
KKR Real Estate Finance Trust's current Shiller PE Ratio of 12.73 is 44% above median its 10-year median of 8.87. Over the past 10 years, this metric has ranged from a low of 6.93 to a high of 13.15. The REITs industry median Shiller PE Ratio is 13.50. KKR Real Estate Finance Trust's value of 12.73 is 5.7% below this industry median. Based on the distribution chart, KKR Real Estate Finance Trust ranks #214 out of 477 companies in the REITs industry, which is above the industry midpoint. Overall, KKR Real Estate Finance Trust has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's Shiller PE Ratio compare to FBRT and RWT?
According to the REITs industry distribution chart, KKR Real Estate Finance Trust ranks #214 out of 477 companies for Shiller PE Ratio. This puts KKR Real Estate Finance Trust in the upper half of its industry. The industry median Shiller PE Ratio is 13.50. KKR Real Estate Finance Trust's value of 12.73 is 5.7% below this benchmark. Historically, KKR Real Estate Finance Trust's own Shiller PE Ratio has ranged from 6.93 to 13.15 over the past decade. While the company's 10-year median is 8.87 vs. the industry median of 13.50, 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 13.50, based on 477 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE 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 Shiller PE Ratio of 12.73 is 5.7% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on KKR Real Estate Finance Trust and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KKR Real Estate Finance Trust's current Shiller PE Ratio is 12.73, which is 44% above median its own 10-year median of 8.87. 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 $4.29, compared to a current price of $7.51 — trading 75.1% above its estimated fair value. The current Shiller PE Ratio is 12.73, which is 44% above median its 10-year median of 8.87 and 5.7% below the REITs industry median of 13.50. KKR Real Estate Finance Trust's overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For KKR Real Estate Finance Trust (KREF), the current Shiller PE Ratio is 12.73 as of Aug. 19, 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 $7.51 is trading 75.1% above its estimated GF Value™ of $4.29.
GuruFocus considers KKR Real Estate Finance Trust to be Significantly Overvalued.
Key valuation signals for KREF:
Shiller PE Ratio: 12.73 (44% above median its 10-year median of 8.87)
GF Value™: $4.29 vs. price of $7.51 (75.1% above fair value)
Industry Position: 5.7% below the REITs median (#214 of 477)
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.
48GF Score
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