Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
Valuation ratio | Description | The company |
---|---|---|
P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Kinder Morgan Inc. P/E ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Kinder Morgan Inc. P/OP ratio decreased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Kinder Morgan Inc. P/S ratio increased from Q3 2019 to Q4 2019 but then decreased significantly from Q4 2019 to Q1 2020. |
P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Kinder Morgan Inc. P/BV ratio increased from Q3 2019 to Q4 2019 but then decreased significantly from Q4 2019 to Q1 2020. |
Price to Earnings (P/E)
Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 2,261,487,090 | 2,265,063,459 | 2,264,965,437 | 2,263,805,146 | 2,263,742,572 | 2,263,656,419 | 2,207,018,287 | 2,206,828,970 | 2,206,071,454 | 2,206,066,684 | 2,233,239,574 | 2,233,227,311 | 2,232,442,396 | 2,232,438,943 | 2,232,364,274 | 2,232,323,355 | 2,231,555,976 | 2,231,555,976 | 2,231,514,695 | 2,191,937,071 | 2,168,154,800 | |||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||||
Net income (loss) available to common stockholders (in millions) | (306) | 610) | 506) | 518) | 556) | 483) | 693) | (180) | 485) | (1,045) | 334) | 337) | 401) | 170) | (227) | 333) | 276) | (721) | 186) | 333) | 429) | |||||||
Earnings per share (EPS)2 | 0.59 | 0.97 | 0.91 | 0.99 | 0.69 | 0.65 | -0.02 | -0.18 | 0.05 | 0.01 | 0.56 | 0.30 | 0.30 | 0.25 | -0.15 | 0.03 | 0.03 | 0.10 | 0.00 | 0.00 | 0.00 | |||||||
Share price1, 3 | 15.71 | 21.81 | 20.16 | 20.50 | 20.08 | 18.02 | 17.98 | 17.69 | 16.27 | 17.24 | 18.42 | 20.33 | 20.27 | 22.48 | 21.11 | 21.22 | 18.12 | 15.62 | 29.23 | 34.85 | 43.20 | |||||||
Valuation Ratio | ||||||||||||||||||||||||||||
P/E ratio4 | 26.75 | 22.56 | 22.13 | 20.63 | 29.29 | 27.54 | — | — | 323.36 | 1,408.61 | 33.12 | 66.67 | 66.84 | 90.92 | — | 640.13 | 546.43 | 153.55 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||
Chevron Corp. | 43.40 | 70.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
ConocoPhillips | 12.13 | 8.77 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Exxon Mobil Corp. | 16.34 | 15.64 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Occidental Petroleum Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Texas Pacific Land Corp. | 16.19 | 16.50 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2020 Calculation
EPS
= (Net income (loss) available to common stockholdersQ1 2020
+ Net income (loss) available to common stockholdersQ4 2019
+ Net income (loss) available to common stockholdersQ3 2019
+ Net income (loss) available to common stockholdersQ2 2019)
÷ No. shares of common stock outstanding
= (-306,000,000 + 610,000,000 + 506,000,000 + 518,000,000)
÷ 2,261,487,090 = 0.59
3 Closing price as at the filing date of Kinder Morgan Inc. Quarterly or Annual Report.
4 Q1 2020 Calculation
P/E ratio = Share price ÷ EPS
= 15.71 ÷ 0.59 = 26.75
5 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Kinder Morgan Inc. P/E ratio increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
Price to Operating Profit (P/OP)
Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 2,261,487,090 | 2,265,063,459 | 2,264,965,437 | 2,263,805,146 | 2,263,742,572 | 2,263,656,419 | 2,207,018,287 | 2,206,828,970 | 2,206,071,454 | 2,206,066,684 | 2,233,239,574 | 2,233,227,311 | 2,232,442,396 | 2,232,438,943 | 2,232,364,274 | 2,232,323,355 | 2,231,555,976 | 2,231,555,976 | 2,231,514,695 | 2,191,937,071 | 2,168,154,800 | |||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||||
Operating income (in millions) | 43) | 1,931) | 951) | 973) | 1,018) | 1,058) | 1,515) | 272) | 949) | 812) | 830) | 922) | 980) | 934) | 882) | 940) | 816) | (244) | 721) | 892) | 1,078) | |||||||
Operating profit per share2 | 1.72 | 2.15 | 1.77 | 2.02 | 1.71 | 1.68 | 1.61 | 1.30 | 1.59 | 1.61 | 1.64 | 1.66 | 1.67 | 1.60 | 1.07 | 1.00 | 0.98 | 1.10 | 0.00 | 0.00 | 0.00 | |||||||
Share price1, 3 | 15.71 | 21.81 | 20.16 | 20.50 | 20.08 | 18.02 | 17.98 | 17.69 | 16.27 | 17.24 | 18.42 | 20.33 | 20.27 | 22.48 | 21.11 | 21.22 | 18.12 | 15.62 | 29.23 | 34.85 | 43.20 | |||||||
Valuation Ratio | ||||||||||||||||||||||||||||
P/OP ratio4 | 9.11 | 10.14 | 11.42 | 10.17 | 11.77 | 10.75 | 11.18 | 13.64 | 10.22 | 10.73 | 11.22 | 12.21 | 12.11 | 14.05 | 19.68 | 21.21 | 18.51 | 14.24 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||
Chevron Corp. | 24.46 | 30.35 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
ConocoPhillips | 7.27 | 6.04 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Exxon Mobil Corp. | 10.60 | 10.14 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Occidental Petroleum Corp. | — | 45.37 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Texas Pacific Land Corp. | 12.96 | 13.16 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2020 Calculation
Operating profit per share
= (Operating incomeQ1 2020
+ Operating incomeQ4 2019
+ Operating incomeQ3 2019
+ Operating incomeQ2 2019)
÷ No. shares of common stock outstanding
= (43,000,000 + 1,931,000,000 + 951,000,000 + 973,000,000)
÷ 2,261,487,090 = 1.72
3 Closing price as at the filing date of Kinder Morgan Inc. Quarterly or Annual Report.
4 Q1 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 15.71 ÷ 1.72 = 9.11
5 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Kinder Morgan Inc. P/OP ratio decreased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
Price to Sales (P/S)
Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 2,261,487,090 | 2,265,063,459 | 2,264,965,437 | 2,263,805,146 | 2,263,742,572 | 2,263,656,419 | 2,207,018,287 | 2,206,828,970 | 2,206,071,454 | 2,206,066,684 | 2,233,239,574 | 2,233,227,311 | 2,232,442,396 | 2,232,438,943 | 2,232,364,274 | 2,232,323,355 | 2,231,555,976 | 2,231,555,976 | 2,231,514,695 | 2,191,937,071 | 2,168,154,800 | |||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||||
Revenues (in millions) | 3,106) | 3,352) | 3,214) | 3,214) | 3,429) | 3,781) | 3,517) | 3,428) | 3,418) | 3,632) | 3,281) | 3,368) | 3,424) | 3,389) | 3,330) | 3,144) | 3,195) | 3,636) | 3,707) | 3,463) | 3,597) | |||||||
Sales per share2 | 5.70 | 5.83 | 6.02 | 6.16 | 6.25 | 6.25 | 6.34 | 6.23 | 6.21 | 6.21 | 6.03 | 6.05 | 5.95 | 5.85 | 5.96 | 6.13 | 6.27 | 6.45 | 0.00 | 0.00 | 0.00 | |||||||
Share price1, 3 | 15.71 | 21.81 | 20.16 | 20.50 | 20.08 | 18.02 | 17.98 | 17.69 | 16.27 | 17.24 | 18.42 | 20.33 | 20.27 | 22.48 | 21.11 | 21.22 | 18.12 | 15.62 | 29.23 | 34.85 | 43.20 | |||||||
Valuation Ratio | ||||||||||||||||||||||||||||
P/S ratio4 | 2.76 | 3.74 | 3.35 | 3.33 | 3.21 | 2.88 | 2.84 | 2.84 | 2.62 | 2.78 | 3.06 | 3.36 | 3.41 | 3.84 | 3.54 | 3.46 | 2.89 | 2.42 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||
Chevron Corp. | 1.24 | 1.46 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
ConocoPhillips | 1.48 | 1.94 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Exxon Mobil Corp. | 0.75 | 0.88 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Occidental Petroleum Corp. | 0.52 | 1.44 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Texas Pacific Land Corp. | 9.66 | 10.72 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2020 Calculation
Sales per share
= (RevenuesQ1 2020
+ RevenuesQ4 2019
+ RevenuesQ3 2019
+ RevenuesQ2 2019)
÷ No. shares of common stock outstanding
= (3,106,000,000 + 3,352,000,000 + 3,214,000,000 + 3,214,000,000)
÷ 2,261,487,090 = 5.70
3 Closing price as at the filing date of Kinder Morgan Inc. Quarterly or Annual Report.
4 Q1 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 15.71 ÷ 5.70 = 2.76
5 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Kinder Morgan Inc. P/S ratio increased from Q3 2019 to Q4 2019 but then decreased significantly from Q4 2019 to Q1 2020. |
Price to Book Value (P/BV)
Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 2,261,487,090 | 2,265,063,459 | 2,264,965,437 | 2,263,805,146 | 2,263,742,572 | 2,263,656,419 | 2,207,018,287 | 2,206,828,970 | 2,206,071,454 | 2,206,066,684 | 2,233,239,574 | 2,233,227,311 | 2,232,442,396 | 2,232,438,943 | 2,232,364,274 | 2,232,323,355 | 2,231,555,976 | 2,231,555,976 | 2,231,514,695 | 2,191,937,071 | 2,168,154,800 | |||||||
Selected Financial Data (US$) | ||||||||||||||||||||||||||||
Total Kinder Morgan, Inc.’s stockholders’ equity (in millions) | 33,106) | 33,742) | 33,633) | 33,638) | 33,612) | 33,678) | 33,487) | 33,035) | 33,667) | 33,636) | 35,225) | 35,149) | 34,645) | 34,431) | 34,606) | 35,111) | 35,180) | 35,119) | 35,514) | 35,172) | 35,029) | |||||||
Book value per share (BVPS)2 | 14.64 | 14.90 | 14.85 | 14.86 | 14.85 | 14.88 | 15.17 | 14.97 | 15.26 | 15.25 | 15.77 | 15.74 | 15.52 | 15.42 | 15.50 | 15.73 | 15.76 | 15.74 | 15.91 | 16.05 | 16.16 | |||||||
Share price1, 3 | 15.71 | 21.81 | 20.16 | 20.50 | 20.08 | 18.02 | 17.98 | 17.69 | 16.27 | 17.24 | 18.42 | 20.33 | 20.27 | 22.48 | 21.11 | 21.22 | 18.12 | 15.62 | 29.23 | 34.85 | 43.20 | |||||||
Valuation Ratio | ||||||||||||||||||||||||||||
P/BV ratio4 | 1.07 | 1.46 | 1.36 | 1.38 | 1.35 | 1.21 | 1.19 | 1.18 | 1.07 | 1.13 | 1.17 | 1.29 | 1.31 | 1.46 | 1.36 | 1.35 | 1.15 | 0.99 | 1.84 | 2.17 | 2.67 | |||||||
Benchmarks | ||||||||||||||||||||||||||||
P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||
Chevron Corp. | 1.17 | 1.42 | 1.48 | 1.45 | 1.43 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
ConocoPhillips | 1.40 | 1.80 | 1.72 | 1.98 | 2.11 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Exxon Mobil Corp. | 1.02 | 1.17 | 1.59 | 1.56 | 1.71 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Occidental Petroleum Corp. | 0.39 | 0.86 | 1.10 | 1.80 | 2.07 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Texas Pacific Land Corp. | 8.59 | 10.27 | 11.19 | 13.15 | 18.36 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2020 Calculation
BVPS = Total Kinder Morgan, Inc.’s stockholders’ equity ÷ No. shares of common stock outstanding
= 33,106,000,000 ÷ 2,261,487,090 = 14.64
3 Closing price as at the filing date of Kinder Morgan Inc. Quarterly or Annual Report.
4 Q1 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 15.71 ÷ 14.64 = 1.07
5 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Kinder Morgan Inc. P/BV ratio increased from Q3 2019 to Q4 2019 but then decreased significantly from Q4 2019 to Q1 2020. |