Kellanova (K) P/E Ratio History
Fairly ValuedTrading at 21.5x, near 5Y avg of 19.6x · 70th percentile · In line with own history · Data 1989–2025
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P/E Ratio Analysis
As of June 22, 2026, Kellanova (K) trades at a price-to-earnings ratio of 21.5x, with a stock price of $83.44 and trailing twelve-month earnings per share of $3.81.
The current P/E is roughly in line with its 5-year average of 19.6x. Over the past five years, K's P/E has ranged from a low of 13.7x to a high of 27.8x, placing the current valuation at the 70th percentile of its historical range.
Compared to the Consumer Defensive sector median P/E of 18.9x, K is roughly in line with its sector peers. The sector includes 151 companies with P/E ratios ranging from 0.0x to 193.7x.
The PEG ratio of 3.19 (P/E divided by 41% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, K trades roughly in line with the S&P 500 median P/E of 24.4x. 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 K 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.
K Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
K P/E vs Peers
Branded snacks and confectionery makers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $18B | 8.2 | 2.85 | -5% | |
| $6B | 10.5 | - | +6% | |
| $6B | 5.5Lowest | 0.78Best | +0% | |
| $13B | 27.8 | - | -41% | |
| $12B | 15.9 | 15.07 | +0% | |
| $77B | 31.8 | - | -45% | |
| $35B | 39.8 | - | -60% | |
| $3B | 20.8 | - | +184%Best | |
| $36B | 33.7 | - | -39% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
K Historical P/E Data (1989–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q2 | Jun 28 2025 | $79.00 | $3.81 | 20.7x | -6% |
| FY2025 Q1 | Mar 29 2025 | $82.47 | $3.96 | 20.8x | -6% |
| FY2024 Q4 | - | $80.97 | $3.87 | 20.9x | -5% |
| FY2024 Q3 | Sep 28 2024 | $80.78 | $2.91 | 27.8x | +26% |
| FY2024 Q2 | Jun 29 2024 | $57.68 | $2.64 | 21.8x | -1% |
| FY2024 Q1 | Mar 30 2024 | $57.29 | $2.67 | 21.5x | -3% |
| FY2023 Q4 | Dec 31 2023 | $55.91 | $2.75 | 20.3x | -8% |
| FY2023 Q3 | Sep 30 2023 | $55.84 | $2.38 | 23.5x | +6% |
| FY2023 Q2 | Jul 01 2023 | $63.24 | $2.50 | 25.3x | +15% |
| FY2023 Q1 | Apr 01 2023 | $62.83 | $2.42 | 26.0x | +18% |
| FY2022 Q4 | Dec 31 2022 | $66.85 | $2.79 | 24.0x | +9% |
| FY2022 Q3 | Oct 01 2022 | $65.36 | $4.34 | 15.1x | -32% |
| FY2022 Q2 | Jul 02 2022 | $67.35 | $4.33 | 15.6x | -29% |
| FY2022 Q1 | Apr 02 2022 | $61.56 | $4.49 | 13.7x | -38% |
| FY2021 Q4 | Dec 31 2021 | $60.45 | $4.33 | 14.0x | -37% |
| FY2021 Q3 | Oct 02 2021 | $59.93 | $3.66 | 16.4x | -26% |
| FY2021 Q2 | Jul 03 2021 | $60.07 | $3.78 | 15.9x | -28% |
| FY2021 Q1 | Apr 03 2021 | $59.43 | $3.69 | 16.1x | -27% |
| FY2020 Q4 | - | $58.39 | $3.63 | 16.1x | -27% |
| FY2020 Q3 | Sep 26 2020 | $59.19 | $3.46 | 17.1x | -22% |
| FY2020 Q2 | Jun 27 2020 | $59.92 | $3.17 | 18.9x | -14% |
| FY2020 Q1 | Mar 28 2020 | $55.80 | $2.99 | 18.7x | -15% |
| FY2019 Q4 | - | $64.89 | $2.80 | 23.2x | +5% |
| FY2019 Q3 | Sep 28 2019 | $60.15 | $2.14 | 28.1x | +28% |
| FY2019 Q2 | Jun 29 2019 | $50.27 | $2.51 | 20.0x | -9% |
| FY2019 Q1 | Mar 30 2019 | $53.84 | $3.38 | 15.9x | -28% |
| FY2018 Q4 | Dec 31 2018 | $53.49 | $3.83 | 14.0x | -37% |
| FY2018 Q3 | Sep 29 2018 | $65.70 | $5.30 | 12.4x | -44% |
| FY2018 Q2 | Jun 30 2018 | $65.56 | $5.06 | 13.0x | -41% |
| FY2018 Q1 | Mar 31 2018 | $61.00 | $4.15 | 14.7x | -33% |
| FY2017 Q4 | Dec 31 2017 | $63.79 | $3.62 | 17.6x | -20% |
| FY2017 Q3 | Sep 30 2017 | $58.52 | $2.24 | 26.1x | +19% |
| FY2017 Q2 | Jul 01 2017 | $65.18 | $2.21 | 29.5x | +34% |
| FY2017 Q1 | Apr 01 2017 | $68.13 | $2.20 | 31.0x | +41% |
| FY2016 Q4 | Dec 31 2016 | $69.16 | $1.95 | 35.5x | +61% |
| FY2016 Q3 | Oct 01 2016 | $72.69 | $1.98 | 36.7x | +67% |
| FY2016 Q2 | Jul 02 2016 | $76.57 | $1.74 | 44.0x | +100% |
| FY2016 Q1 | Apr 02 2016 | $73.06 | $1.58 | 46.2x | +110% |
| FY2015 Q4 | - | $67.81 | $1.73 | 39.2x | +78% |
| FY2015 Q3 | Oct 03 2015 | $63.25 | $1.03 | 61.4x | +179% |
| FY2015 Q2 | Jul 04 2015 | $59.25 | $1.07 | 55.4x | +151% |
| FY2015 Q1 | Apr 04 2015 | $62.29 | $1.26 | 49.4x | +124% |
| FY2014 Q4 | Dec 31 2014 | $61.40 | $1.74 | 35.3x | +60% |
| FY2014 Q3 | Sep 27 2014 | $57.94 | $4.80 | 12.1x | -45% |
| FY2014 Q2 | Jun 28 2014 | $60.95 | $5.08 | 12.0x | -46% |
| FY2014 Q1 | Mar 29 2014 | $58.30 | $5.22 | 11.2x | -49% |
| FY2013 Q4 | - | $57.30 | $4.95 | 11.6x | -47% |
| FY2013 Q3 | Sep 28 2013 | $55.38 | $2.73 | 20.3x | -8% |
| FY2013 Q2 | Jun 29 2013 | $60.27 | $2.65 | 22.8x | +3% |
| FY2013 Q1 | Mar 30 2013 | $60.46 | $2.53 | 23.9x | +9% |
| FY2012 Q4 | Dec 31 2012 | $52.41 | $2.68 | 19.6x | -11% |
| FY2012 Q3 | Sep 29 2012 | $48.47 | $3.30 | 14.7x | -33% |
| FY2012 Q2 | Jun 30 2012 | $46.29 | $3.28 | 14.1x | -36% |
| FY2012 Q1 | Mar 31 2012 | $50.32 | $3.38 | 14.9x | -32% |
| FY2011 Q4 | Dec 31 2011 | $47.45 | $3.38 | 14.0x | -36% |
| FY2011 Q3 | Oct 01 2011 | $49.91 | $3.25 | 15.4x | -30% |
| FY2011 Q2 | Jul 02 2011 | $51.98 | $3.35 | 15.5x | -30% |
| FY2011 Q1 | Apr 02 2011 | $50.67 | $3.20 | 15.8x | -28% |
| FY2010 Q4 | Dec 31 2010 | $47.93 | $3.29 | 14.6x | -34% |
| FY2010 Q3 | Oct 02 2010 | $47.77 | $3.24 | 14.7x | -33% |
| FY2010 Q2 | Jul 03 2010 | $47.55 | $3.28 | 14.5x | -34% |
| FY2010 Q1 | Apr 03 2010 | $50.30 | $3.41 | 14.8x | -33% |
| FY2009 Q4 | - | $49.92 | $3.16 | 15.8x | -28% |
| FY2009 Q3 | Oct 03 2009 | $45.66 | $3.17 | 14.4x | -35% |
| FY2009 Q2 | Jul 04 2009 | $43.93 | $3.12 | 14.1x | -36% |
| FY2009 Q1 | Apr 04 2009 | $35.67 | $3.02 | 11.8x | -46% |
| FY2008 Q4 | Dec 31 2008 | $41.15 | $2.99 | 13.8x | -38% |
| FY2008 Q3 | Sep 27 2008 | $53.85 | $2.96 | 18.2x | -17% |
| FY2008 Q2 | Jun 28 2008 | $45.00 | $2.83 | 15.9x | -28% |
| FY2008 Q1 | Mar 29 2008 | $49.24 | $2.76 | 17.8x | -19% |
| FY2007 Q4 | Dec 31 2007 | $49.20 | $2.75 | 17.9x | -19% |
| FY2007 Q3 | Sep 29 2007 | $52.55 | $2.77 | 19.0x | -14% |
| FY2007 Q2 | Jun 30 2007 | $48.60 | $2.71 | 17.9x | -19% |
| FY2007 Q1 | Mar 31 2007 | $48.26 | $2.63 | 18.3x | -17% |
| FY2006 Q4 | Dec 31 2006 | $46.97 | $2.51 | 18.7x | -15% |
| FY2006 Q3 | Sep 30 2006 | $46.47 | $2.51 | 18.5x | -16% |
| FY2006 Q2 | Jul 01 2006 | $45.44 | $2.47 | 18.4x | -17% |
| FY2006 Q1 | Apr 01 2006 | $41.32 | $2.42 | 17.1x | -23% |
| FY2005 Q4 | Dec 31 2005 | $40.55 | $2.35 | 17.3x | -22% |
| FY2005 Q3 | Oct 01 2005 | $43.29 | $2.34 | 18.5x | -16% |
| FY2005 Q2 | Jul 02 2005 | $41.89 | $2.27 | 18.5x | -16% |
| FY2005 Q1 | Apr 02 2005 | $40.06 | $2.22 | 18.0x | -18% |
| FY2004 Q4 | Dec 31 2004 | $41.91 | $2.14 | 19.6x | -11% |
| FY2004 Q3 | Sep 25 2004 | $38.88 | $2.15 | 18.1x | -18% |
| FY2004 Q2 | Jun 26 2004 | $38.63 | $2.12 | 18.2x | -17% |
| FY2004 Q1 | Mar 27 2004 | $36.05 | $2.05 | 17.6x | -20% |
| FY2003 Q4 | Dec 31 2003 | $35.73 | $1.92 | 18.6x | -16% |
| FY2003 Q3 | Sep 27 2003 | $31.03 | $1.93 | 16.1x | -27% |
| FY2003 Q2 | Jun 28 2003 | $32.21 | $1.86 | 17.3x | -21% |
| FY2003 Q1 | Mar 29 2003 | $28.02 | $1.78 | 15.7x | -29% |
| FY2002 Q4 | - | $32.16 | $1.75 | 18.4x | -17% |
| FY2002 Q3 | Sep 28 2002 | $31.15 | $1.58 | 19.7x | -11% |
| FY2002 Q2 | Jun 29 2002 | $33.65 | $1.46 | 23.0x | +5% |
| FY2002 Q1 | Mar 30 2002 | $31.50 | $1.32 | 23.9x | +8% |
| FY2001 Q4 | Dec 31 2001 | $28.24 | $1.16 | 24.3x | +10% |
| FY2001 Q3 | Sep 30 2001 | $28.15 | $1.09 | 25.8x | +17% |
| FY2001 Q2 | Jun 30 2001 | $27.21 | $1.17 | 23.3x | +6% |
| FY2001 Q1 | Mar 31 2001 | $25.36 | $1.26 | 20.1x | -9% |
| FY2000 Q4 | Dec 31 2000 | $24.63 | $1.45 | 17.0x | -23% |
| FY2000 Q3 | Sep 30 2000 | $22.70 | $1.47 | 15.4x | -30% |
| FY2000 Q2 | Jun 30 2000 | $27.92 | $0.94 | 29.7x | +35% |
| FY2000 Q1 | Mar 31 2000 | $24.16 | $0.95 | 25.4x | +15% |
| FY1999 Q4 | Dec 31 1999 | $28.91 | $0.84 | 34.4x | +56% |
| FY1999 Q3 | - | $35.13 | $0.71 | 49.5x | +125% |
| FY1999 Q2 | Jun 30 1999 | $30.96 | $1.14 | 27.2x | +23% |
| FY1999 Q1 | Mar 31 1999 | $31.73 | $1.11 | 28.6x | +30% |
| FY1998 Q4 | - | $32.02 | $1.24 | 25.8x | +17% |
| FY1998 Q3 | Sep 30 1998 | $30.91 | $1.16 | 26.7x | +21% |
| FY1998 Q2 | - | $35.36 | $1.31 | 27.1x | +23% |
| FY1998 Q1 | - | $40.47 | $1.35 | 30.1x | +36% |
| FY1997 Q4 | Dec 31 1997 | $46.56 | $1.31 | 35.7x | +62% |
| FY1997 Q3 | - | $39.53 | $1.48 | 26.7x | +21% |
| FY1997 Q2 | Jun 30 1997 | $40.17 | $1.36 | 29.5x | +34% |
| FY1997 Q1 | Mar 31 1997 | $31.55 | $1.16 | 27.2x | +23% |
| FY1996 Q4 | - | $30.79 | $1.26 | 24.4x | +11% |
| FY1996 Q3 | Sep 30 1996 | $32.31 | $0.88 | 36.7x | +67% |
| FY1996 Q2 | Jun 30 1996 | $34.37 | $1.03 | 33.4x | +51% |
| FY1996 Q1 | Mar 31 1996 | $35.54 | $1.15 | 30.9x | +40% |
| FY1995 Q4 | Dec 31 1995 | $36.24 | $1.12 | 32.4x | +47% |
| FY1995 Q3 | Sep 30 1995 | $33.96 | $1.64 | 20.7x | -6% |
| FY1995 Q2 | Jun 30 1995 | $33.49 | $1.59 | 21.1x | -4% |
| FY1995 Q1 | Mar 31 1995 | $27.39 | $1.62 | 16.9x | -23% |
| FY1994 Q4 | Dec 31 1994 | $27.27 | $1.58 | 17.3x | -22% |
| FY1994 Q3 | Sep 30 1994 | $26.92 | $1.55 | 17.4x | -21% |
| FY1994 Q2 | - | $25.51 | $1.52 | 16.8x | -24% |
| FY1994 Q1 | - | $23.87 | $1.49 | 16.0x | -27% |
| FY1993 Q4 | Dec 31 1993 | $26.63 | $1.46 | 18.2x | -17% |
| FY1993 Q3 | - | $23.22 | $0.85 | 27.3x | +24% |
| FY1993 Q2 | Jun 30 1993 | $25.75 | $0.83 | 31.0x | +41% |
| FY1993 Q1 | Mar 31 1993 | $28.38 | $0.87 | 32.6x | +48% |
| FY1992 Q4 | - | $31.43 | $0.90 | 34.9x | +58% |
| FY1992 Q3 | Sep 30 1992 | $33.49 | $1.44 | 23.3x | +6% |
| FY1992 Q2 | - | $31.14 | $1.37 | 22.7x | +3% |
| FY1992 Q1 | - | $27.04 | $1.34 | 20.2x | -8% |
| FY1991 Q4 | - | $30.67 | $1.27 | 24.1x | +10% |
| FY1991 Q3 | Sep 30 1991 | $25.42 | $1.25 | 20.3x | -8% |
| FY1991 Q2 | Jun 30 1991 | $23.08 | $1.23 | 18.8x | -15% |
| FY1991 Q1 | Mar 31 1991 | $21.90 | $1.20 | 18.3x | -17% |
| FY1990 Q4 | Dec 31 1990 | $17.80 | $1.06 | 16.8x | -24% |
| FY1990 Q3 | Sep 30 1990 | $14.75 | $0.95 | 15.5x | -30% |
| FY1990 Q2 | Jun 30 1990 | $15.39 | $0.87 | 17.7x | -20% |
| FY1990 Q1 | Mar 31 1990 | $14.34 | $0.85 | 16.9x | -23% |
| FY1989 Q4 | Dec 31 1989 | $15.86 | $0.88 | 18.0x | -18% |
Average P/E for displayed period: 22.0x
Full Stock Analysis
Deep dive into K consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
37+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
K — Frequently Asked Questions
Quick answers to the most common questions about buying K stock.
What is K's P/E ratio?
Kellanova (K) trailing twelve-month P/E ratio is 21.5x, based on TTM diluted EPS of $3.81. The 5-year average P/E is 19.6x and the historical range spans 13.7x to 27.8x.
Is K stock overvalued or undervalued?
K trades at 21.5x P/E, near its 5-year average of 19.6x. The 70th percentile ranking within the 13.7x–27.8x historical range places valuation within normal bounds.
Is K stock expensive?
K is fairly valued relative to its own history. The current P/E of 21.5x is near the 5-year average of 19.6x (70th percentile of historical range).
What is K's historical P/E range?
Over the past 5 years, K's P/E ratio has ranged from 13.7x to 27.8x, with a median of 20.7x and an average of 19.6x. The current P/E of 21.5x places the stock at the 70th percentile of this range. Full historical data spans 1989–2025.
How does K's P/E compare to the S&P 500?
K trades at 21.5x P/E versus the S&P 500 median of 24.4x. The 12% discount to the market suggests lower growth expectations or perceived higher risk.
How does K's valuation compare to Consumer Defensive peers?
Kellanova P/E of 21.5x compares to the Consumer Defensive sector median of 18.9x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is K's PEG ratio?
K PEG ratio is 3.19, based on a P/E of 21.5x and EPS growth of 40.6%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is K's earnings yield?
K earnings yield is 4.65%, the inverse of its 21.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.