Kaiser Aluminum Corporation (KALU) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Aluminum
EV/EBITDA
↓
13.02
-1% vs avg
5yr avg: 13.17
30Y Low5.9·High20.8
P/FCF
↓
N/A
—
5yr avg: 43.12
30Y Low10.2·High69.5
P/B Ratio
↑
3.68
↑+87% vs avg
5yr avg: 1.97
30Y Low0.6·High3.0
ROE
↑
15.1%
↓+236% vs avg
5yr avg: 4.5%
30Y Low-26%·High22%
Debt/EBITDA
↓
3.58
↓-42% vs avg
5yr avg: 6.21
30Y Low0.0·High15.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KALU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kaiser Aluminum Corporation trades at 27.0x earnings, 23% above its 5-year average of 21.9x, sitting at the 63rd percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a premium of 14%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $1.9B | $1.1B | $1.1B | $1.2B | $1.5B | $1.6B | $1.8B | $1.5B | $1.8B | $1.4B |
| Enterprise Value | $4.1B | $3.0B | $2.2B | $2.1B | $2.2B | $2.3B | $1.7B | $2.1B | $1.8B | $2.2B | $1.7B |
| P/E Ratio → | 26.99 | 16.97 | 24.48 | 24.38 | — | — | 54.64 | 28.95 | 16.44 | 40.63 | 15.26 |
| P/S Ratio | 0.88 | 0.57 | 0.38 | 0.37 | 0.35 | 0.57 | 1.34 | 1.19 | 0.95 | 1.32 | 1.05 |
| P/B Ratio | 3.68 | 2.31 | 1.72 | 1.76 | 1.91 | 2.15 | 2.15 | 2.45 | 2.03 | 2.47 | 1.74 |
| P/FCF | — | — | — | 16.72 | — | 69.52 | 10.15 | 10.44 | 19.80 | 27.94 | 15.88 |
| P/OCF | 26.59 | 17.14 | 6.86 | 5.42 | — | 18.74 | 7.61 | 7.73 | 10.03 | 13.03 | 8.53 |
P/E links to full P/E history page with 30-year chart
KALU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kaiser Aluminum Corporation's enterprise value stands at 13.0x EBITDA, roughly in line with its 5-year average of 13.2x. The Basic Materials sector median is 11.0x, placing the stock at a 18% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.90 | 0.73 | 0.69 | 0.65 | 0.87 | 1.42 | 1.36 | 1.10 | 1.55 | 1.29 |
| EV / EBITDA | 13.02 | 9.66 | 10.86 | 10.49 | 20.20 | 14.62 | 12.53 | 11.79 | 9.34 | 11.36 | 8.02 |
| EV / EBIT | 21.38 | 15.12 | 20.68 | 20.79 | 215.43 | 89.36 | 19.78 | 14.27 | 12.60 | 12.73 | 9.50 |
| EV / FCF | — | — | — | 31.22 | — | 106.48 | 10.77 | 11.97 | 23.02 | 32.77 | 19.44 |
KALU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Kaiser Aluminum Corporation earns an operating margin of 5.7%, below the Basic Materials sector average of 10.3%. Operating margins have expanded from 3.1% to 5.7% over the past 3 years, signaling improving operational efficiency. ROE of 15.1% indicates solid capital efficiency. ROIC of 7.8% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.5% | 9.5% | 11.0% | 10.8% | 7.2% | 10.4% | 19.7% | 19.7% | 15.2% | 19.5% | 21.7% |
| Operating Margin | 5.7% | 5.7% | 2.9% | 3.1% | 0.1% | 2.5% | 6.9% | 8.3% | 9.1% | 10.8% | 13.4% |
| Net Profit Margin | 3.3% | 3.3% | 1.5% | 1.5% | -0.9% | -0.7% | 2.5% | 4.1% | 5.8% | 3.2% | 6.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.1% | 15.1% | 7.1% | 7.4% | -4.5% | -2.6% | 3.9% | 8.4% | 12.3% | 5.9% | 11.6% |
| ROA | 4.6% | 4.6% | 2.0% | 2.1% | -1.3% | -0.9% | 1.7% | 4.2% | 6.5% | 3.2% | 6.8% |
| ROIC | 7.8% | 7.8% | 3.9% | 4.3% | 0.2% | 4.2% | 6.7% | 9.5% | 10.5% | 10.4% | 13.2% |
| ROCE | 9.4% | 9.4% | 4.6% | 5.1% | 0.2% | 3.5% | 5.3% | 9.8% | 11.8% | 12.1% | 15.1% |
KALU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Kaiser Aluminum Corporation carries a Debt/EBITDA ratio of 3.6x, which is moderately leveraged (47% above the sector average of 2.4x). Net debt stands at $1.1B ($1.1B total debt minus $7M cash). Interest coverage of 4.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.36 | 1.36 | 1.63 | 1.65 | 1.73 | 1.58 | 1.20 | 0.72 | 0.50 | 0.50 | 0.46 |
| Debt / EBITDA | 3.58 | 3.58 | 5.33 | 5.28 | 9.83 | 7.02 | 6.57 | 3.02 | 1.98 | 1.94 | 1.73 |
| Net Debt / Equity | — | 1.35 | 1.60 | 1.53 | 1.64 | 1.14 | 0.13 | 0.36 | 0.33 | 0.43 | 0.39 |
| Net Debt / EBITDA | 3.56 | 3.56 | 5.24 | 4.88 | 9.31 | 5.07 | 0.72 | 1.51 | 1.31 | 1.67 | 1.47 |
| Debt / FCF | — | — | — | 14.51 | — | 36.97 | 0.62 | 1.53 | 3.22 | 4.83 | 3.56 |
| Interest Coverage | 3.99 | 3.99 | 2.45 | 2.20 | 0.22 | 0.52 | 2.06 | 5.87 | 6.12 | 7.65 | 8.89 |
KALU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Kaiser Aluminum Corporation's current ratio of 2.95x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.26x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.68x to 2.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.95 | 2.95 | 2.44 | 2.68 | 2.49 | 2.64 | 7.08 | 4.58 | 3.20 | 3.79 | 3.98 |
| Quick Ratio | 1.26 | 1.26 | 1.18 | 1.39 | 1.24 | 1.75 | 6.12 | 3.53 | 2.15 | 2.59 | 2.75 |
| Cash Ratio | 0.02 | 0.02 | 0.05 | 0.22 | 0.14 | 0.66 | 4.93 | 2.01 | 0.79 | 1.36 | 1.73 |
| Asset Turnover | — | 1.32 | 1.31 | 1.36 | 1.50 | 1.08 | 0.63 | 0.99 | 1.12 | 1.01 | 0.92 |
| Inventory Turnover | 4.21 | 4.21 | 5.34 | 5.77 | 6.05 | 5.80 | 6.19 | 6.84 | 6.25 | 5.41 | 5.17 |
| Days Sales Outstanding | — | 52.67 | 50.10 | 46.83 | 45.71 | 62.49 | 49.96 | 57.81 | 59.91 | 47.14 | 41.04 |
KALU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kaiser Aluminum Corporation returns 1.7% to shareholders annually primarily through dividends. A payout ratio of 45.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.7% | 2.7% | 4.4% | 4.4% | 4.1% | 3.1% | 2.8% | 2.2% | 2.5% | 1.9% | 2.3% |
| Payout Ratio | 45.6% | 45.6% | 108.3% | 106.8% | — | — | 150.7% | 63.5% | 41.1% | 77.1% | 35.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.7% | 5.9% | 4.1% | 4.1% | — | — | 1.8% | 3.5% | 6.1% | 2.5% | 6.6% |
| FCF Yield | — | — | — | 6.0% | — | 1.4% | 9.8% | 9.6% | 5.1% | 3.6% | 6.3% |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.2% | 0.2% | 0.0% | 0.8% | 2.5% | 4.0% | 4.3% | 2.4% |
| Total Shareholder Yield | 1.7% | 2.7% | 4.6% | 4.5% | 4.4% | 3.1% | 3.6% | 4.7% | 6.5% | 6.2% | 4.7% |
| Shares Outstanding | — | $17M | $16M | $16M | $16M | $16M | $16M | $16M | $17M | $17M | $18M |
Peer Comparison
Compare KALU with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 KALUYou | $3B | 27.0 | 13.0 | — | 9.5% | 5.7% | 15.1% | 7.8% | 3.6 |
 AA | $15B | 13.4 | 8.6 | 27.1 | 13.6% | 7.6% | 20.2% | 12.7% | 0.0 |
 CENX | $5B | 123.1 | 22.1 | 60.4 | 10.1% | 6.3% | 5.2% | 9.5% | 2.2 |
 HWKN | $3B | 41.3 | 21.6 | 39.1 | 20.6% | 10.6% | 16.4% | 12.3% | 1.6 |
 CSTM | $5B | 17.7 | 8.0 | 29.1 | 10.1% | 5.6% | 32.2% | 13.4% | 2.4 |
 ATI | $28B | 70.6 | 35.8 | 82.6 | 21.8% | 13.8% | 20.9% | 14.5% | 2.4 |
 HWM | $111B | 74.8 | 47.0 | 77.6 | 30.7% | 25.8% | 30.4% | 21.1% | 1.3 |
 CRS | $29B | 79.0 | 44.7 | 101.8 | 26.7% | 18.1% | 21.4% | 17.5% | 1.1 |
 MTRN | $6B | 76.8 | 34.1 | 114.5 | 16.7% | 6.5% | 8.3% | 6.0% | 3.2 |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 LMT | $118B | 23.8 | 16.0 | 17.0 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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KALU — Frequently Asked Questions
Quick answers to the most common questions about buying KALU stock.
What is Kaiser Aluminum Corporation's P/E ratio?
Kaiser Aluminum Corporation's current P/E ratio is 27.0x. The historical average is 28.4x. This places it at the 63th percentile of its historical range.
What is Kaiser Aluminum Corporation's EV/EBITDA?
Kaiser Aluminum Corporation's current EV/EBITDA is 13.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
What is Kaiser Aluminum Corporation's ROE?
Kaiser Aluminum Corporation's return on equity (ROE) is 15.1%. The historical average is 4.1%.
Is KALU stock overvalued?
Based on historical data, Kaiser Aluminum Corporation is trading at a P/E of 27.0x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Kaiser Aluminum Corporation's dividend yield?
Kaiser Aluminum Corporation's current dividend yield is 1.69% with a payout ratio of 45.6%.
What are Kaiser Aluminum Corporation's profit margins?
Kaiser Aluminum Corporation has 9.5% gross margin and 5.7% operating margin.
How much debt does Kaiser Aluminum Corporation have?
Kaiser Aluminum Corporation's Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.