Korea Electric Power Corporation (KEP) Financial Ratios
24 years of historical data (2002–2025) · Utilities · Regulated Electric
EV/EBITDA
↑
5.70
↑+144% vs avg
5yr avg: 2.34
30Y Low0.1·High8.1
P/FCF
↓
4.87
↑+102395% vs avg
5yr avg: 0.00
30Y Low0.0·High0.1
P/B Ratio
↑
0.51
↑+191501% vs avg
5yr avg: 0.00
30Y Low0.0·High0.0
ROE
↑
18.8%
↓+349% vs avg
5yr avg: -7.6%
30Y Low-46%·High22%
Debt/EBITDA
↑
4.86
↑+86% vs avg
5yr avg: 2.61
30Y Low0.0·High8.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KEP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Korea Electric Power Corporation trades at 2.9x earnings, 116336% above its 5-year average of 0.0x, sitting at the 100th percentile of its historical range. Compared to the Utilities sector median P/E of 19.1x, the stock trades at a discount of 85%. On a free-cash-flow basis, the stock trades at 4.9x P/FCF, 102395% above the 5-year average of 0.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.3B | $21.5B | $8.8B | $9.3B | $11.1B | $11.7B | $15.8B | $15.2B | $18.9B | $22.7B | $23.7B |
| Enterprise Value | $101.2B | $130.81T | $21.98T | $19.31T | $121.54T | $8.43T | $7.72T | $7.98T | $3.38T | $1.67T | $-2486447010560 |
| P/E Ratio → | 2.90 | 0.00 | 0.00 | — | — | — | 0.01 | — | — | 0.02 | 0.00 |
| P/S Ratio | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | 0.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 4.87 | 0.00 | 0.01 | — | — | — | — | — | — | — | 0.01 |
| P/OCF | 1.18 | 0.00 | 0.00 | 0.01 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/E links to full P/E history page with 30-year chart
KEP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Korea Electric Power Corporation's enterprise value stands at 5.7x EBITDA, 144% above its 5-year average of 2.3x. The Utilities sector median is 11.9x, placing the stock at a 52% discount 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 | — | 1.35 | 0.24 | 0.22 | 1.72 | 0.14 | 0.13 | 0.13 | 0.06 | 0.03 | -0.04 |
| EV / EBITDA | 5.70 | 4.78 | 1.01 | 2.20 | — | 1.36 | 0.49 | 0.85 | 0.36 | 0.11 | -0.12 |
| EV / EBIT | 11.48 | 8.21 | 2.63 | — | — | — | 1.55 | — | — | 0.31 | -0.20 |
| EV / FCF | — | 25.45 | 13.24 | — | — | — | — | — | — | — | -0.57 |
KEP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Korea Electric Power Corporation earns an operating margin of 14.1%, below the Utilities sector average of 18.5%. Operating margins have expanded from -4.9% to 14.1% over the past 3 years, signaling improving operational efficiency. ROE of 18.8% indicates solid capital efficiency, compared to the sector median of 9.3%. ROIC of 8.4% 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 | 16.4% | 16.4% | 12.0% | -2.5% | -43.0% | -6.1% | 10.6% | 2.4% | 4.0% | 12.9% | 24.3% |
| Operating Margin | 14.1% | 14.1% | 9.0% | -4.9% | -45.7% | -9.5% | 7.1% | -2.9% | -1.1% | 8.3% | 19.9% |
| Net Profit Margin | 8.8% | 8.8% | 3.7% | -5.5% | -34.7% | -8.8% | 3.4% | -4.0% | -2.2% | 2.2% | 11.7% |
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 | 18.8% | 18.8% | 8.9% | -12.2% | -45.6% | -7.8% | 2.9% | -3.4% | -1.8% | 1.8% | 10.0% |
| ROA | 3.4% | 3.4% | 1.4% | -2.0% | -11.0% | -2.6% | 1.0% | -1.2% | -0.7% | 0.7% | 4.0% |
| ROIC | 8.4% | 8.4% | 10.5% | -2.9% | -20.4% | -5.6% | 4.0% | -1.7% | -0.7% | 5.1% | 13.3% |
| ROCE | 7.3% | 7.3% | 4.6% | -2.3% | -17.4% | -3.2% | 2.3% | -1.0% | -0.4% | 3.2% | 7.9% |
KEP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Korea Electric Power Corporation carries a Debt/EBITDA ratio of 4.9x, which is highly leveraged (6% below the sector average of 5.2x). Net debt stands at $130.8T ($133.0T total debt minus $2.2T cash). Interest coverage of 3.7x 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 | 2.70 | 2.70 | 0.59 | 0.63 | 2.97 | 0.17 | 0.14 | 0.14 | 0.07 | 0.06 | 0.01 |
| Debt / EBITDA | 4.86 | 4.86 | 1.12 | 2.69 | — | 1.78 | 0.62 | 1.04 | 0.50 | 0.27 | 0.03 |
| Net Debt / Equity | — | 2.65 | 0.53 | 0.52 | 2.89 | 0.13 | 0.11 | 0.12 | 0.05 | 0.02 | -0.03 |
| Net Debt / EBITDA | 4.78 | 4.78 | 1.01 | 2.20 | — | 1.35 | 0.49 | 0.85 | 0.36 | 0.11 | -0.12 |
| Debt / FCF | — | 25.45 | 13.24 | — | — | — | — | — | — | — | -0.57 |
| Interest Coverage | 3.67 | 3.67 | 1.79 | -0.70 | -11.01 | -2.69 | 2.50 | -0.60 | -0.07 | 1.73 | 7.01 |
KEP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.46x is below 1.0, meaning current liabilities exceed current assets — though the company's $2.2T cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.46 | 0.46 | 0.46 | 0.48 | 0.67 | 0.69 | 0.79 | 0.80 | 0.90 | 0.82 | 0.80 |
| Quick Ratio | 0.31 | 0.31 | 0.30 | 0.34 | 0.45 | 0.46 | 0.53 | 0.51 | 0.57 | 0.56 | 0.58 |
| Cash Ratio | 0.10 | 0.10 | 0.08 | 0.12 | 0.16 | 0.14 | 0.19 | 0.14 | 0.17 | 0.18 | 0.23 |
| Asset Turnover | — | 0.38 | 0.38 | 0.36 | 0.30 | 0.28 | 0.29 | 0.30 | 0.33 | 0.33 | 0.34 |
| Inventory Turnover | 7.95 | 7.95 | 8.41 | 10.11 | 10.16 | 8.37 | 7.68 | 8.19 | 8.10 | 8.68 | 8.31 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
KEP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Korea Electric Power Corporation returns 1.8% to shareholders annually — split between a 0.9% dividend yield and 0.9% buyback yield. The payout ratio of 2.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 34.4% (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 | 0.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 2.6% | 2.6% | 3.6% | — | — | — | 4.1% | — | — | 103.2% | 29.6% |
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 | 34.4% | 40672.7% | 39528.3% | — | — | — | 12640.4% | — | — | 5711.5% | 29705.1% |
| FCF Yield | 20.5% | 23927.8% | 18793.2% | — | — | — | — | — | — | — | 18406.6% |
| Buyback Yield | 0.9% | 100.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B |
Peer Comparison
Compare KEP 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 |
|---|---|---|---|---|---|---|---|---|---|
 KEPYou | $16B | 2.9 | 5.7 | 4.9 | 16.4% | 14.1% | 18.8% | 8.4% | 4.9 |
 ELP | $7M | 3.0 | 2.5 | — | 18.0% | 17.9% | 11.3% | 8.4% | 3.2 |
 ERJ | $12B | 34.1 | 14.3 | 29.6 | 18.0% | 10.4% | 11.0% | 11.4% | 2.9 |
 CIG | $6B | 6.3 | 6.2 | — | 16.9% | 14.8% | 17.5% | 11.2% | 2.5 |
 SBS | $19B | 11.6 | 9.2 | — | 36.6% | 32.2% | 20.9% | 13.1% | 2.8 |
 EXC | $47B | 16.8 | 11.0 | — | 27.9% | 21.2% | 9.9% | 5.1% | 5.8 |
 DUK | $96B | 19.6 | 12.5 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 SO | $105B | 23.8 | 12.7 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 D | $60B | 19.7 | 16.0 | — | 49.0% | 26.7% | 9.4% | 4.3% | 7.2 |
 AEP | $71B | 19.6 | 13.8 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 PCG | $37B | 14.1 | 9.9 | — | 19.6% | 19.6% | 8.6% | 4.0% | 6.2 |
| Utilities Median | — | 19.1 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into KEP consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
KEP — Frequently Asked Questions
Quick answers to the most common questions about buying KEP stock.
What is Korea Electric Power Corporation's P/E ratio?
Korea Electric Power Corporation's current P/E ratio is 2.9x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
What is Korea Electric Power Corporation's EV/EBITDA?
Korea Electric Power Corporation's current EV/EBITDA is 5.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.3x.
What is Korea Electric Power Corporation's ROE?
Korea Electric Power Corporation's return on equity (ROE) is 18.8%. The historical average is 0.6%.
Is KEP stock overvalued?
Based on historical data, Korea Electric Power Corporation is trading at a P/E of 2.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Korea Electric Power Corporation's dividend yield?
Korea Electric Power Corporation's current dividend yield is 0.87% with a payout ratio of 2.6%.
What are Korea Electric Power Corporation's profit margins?
Korea Electric Power Corporation has 16.4% gross margin and 14.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Korea Electric Power Corporation have?
Korea Electric Power Corporation's Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.