KKR Real Estate Finance Trust Inc. (KREF) P/E Ratio History
Historical price-to-earnings valuation from 2017 to 2025
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KREF Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, KKR Real Estate Finance Trust Inc. (KREF) trades at a price-to-earnings ratio of -6.3x, with a stock price of $6.58 and trailing twelve-month earnings per share of $-1.61.
The current P/E is 133% below its 5-year average of 19.0x. Over the past five years, KREF's P/E has ranged from a low of 7.9x to a high of 67.5x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.2x, KREF trades at a 126% discount to its sector peers. The sector includes 171 companies with P/E ratios ranging from 1.1x to 196.6x.
Relative to the broader market, KREF trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our KREF DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
KREF P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 29.9 | - | +155% | |
| $7B | 14.8 | 14.60 | +9% | |
| $656M | 14.9 | - | -26% | |
| $1B | 13.5Lowest | 0.09Best | +184%Best | |
| $696M | 14.1 | - | -22% | |
| $1B | 20.1 | - | -41% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
KREF Historical P/E Data (2017–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $10.80 | $0.16 | 67.5x | +264% |
| FY2024 Q4 | $10.10 | $0.26 | 38.7x | +109% | |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $9.05 | $0.36 | 25.1x | +35% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $13.96 | $0.47 | 29.7x | +60% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $16.25 | $0.94 | 17.3x | -7% |
| FY2022 Q2 | $17.45 | $2.20 | 7.9x | -57% | |
| FY2022 Q1 | $20.61 | $2.39 | 8.6x | -54% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $20.83 | $2.42 | 8.6x | -54% |
| FY2021 Q3 | $21.10 | $2.26 | 9.3x | -50% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $21.63 | $2.18 | 9.9x | -47% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $18.39 | $2.14 | 8.6x | -54% |
| FY2020 Q4 | $17.92 | $1.00 | 17.9x | -3% |
Average P/E for displayed period: 18.5x
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Start ComparisonKREF — Frequently Asked Questions
Quick answers to the most common questions about buying KREF stock.
Is KREF stock overvalued or undervalued?
KREF trades at -6.3x P/E, below its 5-year average of 19.0x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does KREF's valuation compare to peers?
KKR Real Estate Finance Trust Inc. P/E of -6.3x compares to sector median of 24.2x. The discount suggests lower growth expectations or higher risk.
What is KREF's PEG ratio?
KREF PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2017-2025.