Stock Analysis on Net

Kinder Morgan Inc. (NYSE:KMI)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2020.

Price to Book Value (P/BV)
since 2010

Microsoft Excel

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Calculation

Kinder Morgan Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Kinder Morgan Inc. Annual Report.


Share Price
The share price displayed fluctuations throughout the observed periods. It initially increased from $30.77 to a peak of $42.03 in early 2015, demonstrating a strong upward trend in the first half of the timeline. However, from 2015 onwards, a notable decline occurred, reaching a low of $15.62 in early 2016. Subsequently, the share price showed some recovery, oscillating between approximately $17 and $22, ending at $21.81 by early 2020. This pattern suggests volatility in the market valuation during the latter years, with a significant drop around 2016 and partial recovery thereafter.
Book Value Per Share (BVPS)
The book value per share experienced a substantial increase from $4.25 in 2011 to a peak of $16.00 in early 2015. This indicates a considerable growth in the company's net asset value per share over this period. After reaching this peak, the BVPS experienced a slight decline and then stabilized around the $14.80 to $15.74 range from 2016 through 2020, reflecting relative consistency in the company's equity base despite share price volatility.
Price-to-Book Value Ratio (P/BV)
The P/BV ratio showed a marked downward trend from a high of 7.82 in early 2012 to under 1.00 at 0.99 in early 2016. This decline suggests that the market valuation of the company relative to its book value per share decreased significantly during this period. Following 2016, the ratio rebounded moderately to finish at 1.46 in 2020, indicating a modest improvement in market valuation relative to book value but remaining well below the earlier high levels. The sharp drop and subsequent partial recovery in the P/BV ratio align closely with the trends observed in share price and BVPS.

Comparison to Competitors

Kinder Morgan Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).


Comparison to Sector (Oil, Gas & Consumable Fuels)

Kinder Morgan Inc., P/BV, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).


Comparison to Industry (Energy)

Kinder Morgan Inc., P/BV, long-term trends, comparison to industry (energy)

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).