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FSK (FS KKR Capital) Cyclically Adjusted Book per Share : $38.08 (As of Jun. 2024)


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What is FS KKR Capital Cyclically Adjusted Book per Share?

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

FS KKR Capital's adjusted book value per share for the three months ended in Jun. 2024 was $23.948. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $38.08 for the trailing ten years ended in Jun. 2024.

During the past 12 months, FS KKR Capital's average Cyclically Adjusted Book Growth Rate was -4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of FS KKR Capital was 3.50% per year. The lowest was 2.30% per year. And the median was 2.90% per year.

As of today (2024-10-08), FS KKR Capital's current stock price is $20.00. FS KKR Capital's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $38.08. FS KKR Capital's Cyclically Adjusted PB Ratio of today is 0.53.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of FS KKR Capital was 0.70. The lowest was 0.27. And the median was 0.51.


FS KKR Capital Cyclically Adjusted Book per Share Historical Data

The historical data trend for FS KKR Capital's Cyclically Adjusted Book per Share 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.

* Premium members only.

FS KKR Capital Cyclically Adjusted Book per Share Chart

FS KKR Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.15 36.16 39.51 40.07 38.66

FS KKR Capital Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cyclically Adjusted Book per Share 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 39.86 39.52 38.66 38.61 38.08

Competitive Comparison of FS KKR Capital's Cyclically Adjusted Book per Share

For the Asset Management subindustry, FS KKR Capital's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


FS KKR Capital's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, FS KKR Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where FS KKR Capital's Cyclically Adjusted PB Ratio falls into.



FS KKR Capital Cyclically Adjusted Book per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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.

For example, FS KKR Capital's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=23.948/132.5538*132.5538
=23.948

Current CPI (Jun. 2024) = 132.5538.

FS KKR Capital Quarterly Data

Book Value per Share CPI Adj_Book
201409 40.763 100.428 53.803
201412 39.303 99.070 52.587
201503 39.580 99.621 52.664
201506 39.545 100.684 52.062
201509 38.567 100.392 50.923
201512 36.384 99.792 48.329
201603 35.294 100.470 46.564
201606 36.705 101.688 47.846
201609 37.693 101.861 49.051
201612 37.652 101.863 48.996
201703 37.803 102.862 48.715
201706 37.213 103.349 47.729
201709 37.712 104.136 48.003
201712 37.196 104.011 47.403
201803 36.646 105.290 46.135
201806 35.490 106.317 44.248
201809 34.570 106.507 43.024
201812 31.354 105.998 39.209
201903 31.445 107.251 38.864
201906 31.507 108.070 38.645
201909 31.421 108.329 38.447
201912 30.541 108.420 37.339
202003 24.351 108.902 29.640
202006 23.360 108.767 28.469
202009 24.459 109.815 29.524
202012 25.017 109.897 30.175
202103 26.027 111.754 30.871
202106 26.840 114.631 31.036
202109 27.137 115.734 31.081
202112 27.166 117.630 30.613
202203 27.335 121.301 29.871
202206 26.412 125.017 28.004
202209 25.302 125.227 26.782
202212 24.889 125.222 26.346
202303 24.933 127.348 25.952
202306 24.691 128.729 25.425
202309 24.887 129.860 25.403
202312 24.455 129.419 25.047
202403 24.323 131.776 24.467
202406 23.948 132.554 23.948

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


FS KKR Capital  (NYSE:FSK) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

FS KKR Capital's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.00/38.08
=0.53

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of FS KKR Capital was 0.70. The lowest was 0.27. And the median was 0.51.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


FS KKR Capital Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of FS KKR Capital's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


FS KKR Capital Business Description

Traded in Other Exchanges
Address
201 Rouse Boulevard, Philadelphia, PA, USA, 19112
FS KKR Capital Corp is a business development company based in the United States. Its portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies. It is focused on providing customized credit solutions to private upper middle-market companies, which it generally defines as companies with annual EBITDA of at least $50 million at the time of investment.
Executives
Michael C. Forman director, officer: President and CEO CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Daniel Pietrzak officer: Chief Investment Officer 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Jerel A Hopkins director C/O FS INVESTMENT CORPORATION II, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Barbara Adams director 112 NORTH WOOSTOCK STREET, PHILADELPHIA PA 19103
Elizabeth Sandler director 201 ROUSE BLVD, PHILADELPHIA PA 19112
Brian Gerson officer: President, other: Investment Committee Member C/O SOLAR CAPITAL LTD., 500 PARK AVENUE, NEW YORK NY 10022
Richard I Goldstein director C/O INTELLON CORPORATION, 5955 T.G. LEE BLVD., SUITE 600, ORLANDO FL 32822
James H Kropp director 701 WESTERN AVENUE, GLENDALE CA 91201
Brian R. Ford director 1 MILFORD WAY, MEDFORD NJ 08055
Todd C. Builione director, officer: President C/O KKR CREDIT ADVISORS (US) LLC, 9 WEST 57TH STREET, NEW YORK NY 10019
William Balke Goebel officer: Chief Financial Officer C/O FS INVESTMENT CORP., CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Stephen Sypherd officer: VP, Treasurer & Secretary C/O FRANKLIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Osagie O Imasogie director
Steven C Lilly officer: Chief Financial Officer 1004 FARNAM STREET, SUITE 400, OMAHA NE 27511
Michael J Hagan director 555 EAST LANCASTER AVENUE, SUITE 640, RADNOR PA 19087

FS KKR Capital Headlines