Kingsway Financial Services Inc. (KFS) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Auto - Dealerships
EV/EBITDA
↑
N/A
—
5yr avg: 7.23
30Y Low4.5·High32.3
P/FCF
↑
N/A
—
5yr avg: 326.31
30Y Low4.5·High71.4
P/B Ratio
↑
8.28
↓-17% vs avg
5yr avg: 9.96
30Y Low0.2·High12.4
ROE
↓
-40.7%
↑-237% vs avg
5yr avg: 29.8%
30Y Low-93%·High134%
Debt/EBITDA
↓
N/A
—
5yr avg: 2.01
30Y Low1.5·High16.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KFS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kingsway Financial Services Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $296M | $375M | $228M | $222M | $201M | $124M | $104M | $41M | $62M | $109M | $125M |
| Enterprise Value | $358M | $436M | $282M | $259M | $240M | $210M | $361M | $289M | $267M | $308M | $322M |
| P/E Ratio → | -23.79 | — | — | 9.44 | 7.55 | — | — | — | — | — | 312.50 |
| P/S Ratio | 2.17 | 2.74 | 2.02 | 2.06 | 1.75 | 1.52 | 1.52 | 0.60 | 1.43 | 0.56 | 0.71 |
| P/B Ratio | 8.28 | 10.89 | 12.44 | 9.03 | 9.07 | 8.37 | 5.58 | 1.96 | 2.52 | 2.21 | 1.98 |
| P/FCF | — | — | 635.75 | — | 16.88 | — | 71.44 | — | — | — | — |
| P/OCF | — | — | 213.31 | — | — | — | 62.34 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
KFS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.19 | 2.51 | 2.40 | 2.09 | 2.58 | 5.27 | 4.24 | 6.12 | 1.59 | 1.82 |
| EV / EBITDA | — | — | — | 8.66 | 5.79 | — | — | — | 4.55 | 5.91 | 6.92 |
| EV / EBIT | — | — | — | 8.65 | 5.57 | — | — | — | — | — | — |
| EV / FCF | — | — | 788.61 | — | 20.17 | — | 247.67 | — | — | — | — |
KFS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Kingsway Financial Services Inc. earns an operating margin of -10.2%, below the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 22.0% to -10.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -40.7% indicates the company is currently destroying shareholder equity.
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 | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 83.1% | 96.0% | 96.9% |
| Operating Margin | -10.2% | -10.2% | -7.3% | 22.0% | 30.5% | -8.1% | -7.6% | -2.1% | -37.2% | -6.0% | -3.9% |
| Net Profit Margin | -7.8% | -7.8% | -8.2% | 21.9% | 21.6% | -0.4% | -9.8% | -8.6% | -61.0% | -8.0% | 0.5% |
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 | -40.7% | -40.7% | -43.2% | 100.8% | 134.1% | -2.0% | -34.1% | -25.8% | -71.8% | -27.5% | 1.4% |
| ROA | -5.1% | -5.1% | -4.8% | 9.7% | 6.5% | -0.1% | -1.6% | -1.6% | -6.3% | -3.1% | 0.2% |
| ROIC | -12.4% | -12.4% | -9.2% | 29.0% | 32.3% | -2.6% | -1.4% | -0.4% | -5.1% | -3.4% | -3.4% |
| ROCE | -6.7% | -6.7% | -4.3% | 9.8% | 9.6% | -1.5% | -1.2% | -0.4% | -3.9% | -2.4% | -1.9% |
KFS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $62M ($78M total debt minus $16M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.27 | 2.27 | 3.29 | 1.85 | 4.67 | 6.55 | 14.55 | 12.62 | 9.54 | 4.94 | 3.69 |
| Debt / EBITDA | — | — | — | 1.53 | 2.50 | — | — | — | 4.03 | 4.67 | 5.02 |
| Net Debt / Equity | — | 1.79 | 2.99 | 1.48 | 1.77 | 5.86 | 13.78 | 11.97 | 8.25 | 4.04 | 3.12 |
| Net Debt / EBITDA | — | — | — | 1.22 | 0.95 | — | — | — | 3.49 | 3.82 | 4.23 |
| Debt / FCF | — | — | 152.87 | — | 3.29 | — | 176.24 | — | — | — | — |
| Interest Coverage | -1.57 | -1.57 | -0.72 | 4.78 | 5.32 | -0.08 | -0.38 | -0.09 | -1.59 | -1.37 | -0.41 |
KFS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Kingsway Financial Services Inc.'s current ratio of 790.93x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 790.93 | 790.93 | — | — | 34.52 | 1.16 | — | 0.98 | 11.55 | 27.34 | 33.37 |
| Quick Ratio | 790.93 | 790.93 | — | — | -6.60 | -0.20 | — | -0.40 | 0.12 | 19.30 | -5.96 |
| Cash Ratio | 587.46 | 587.46 | — | — | 29.75 | 0.36 | — | 0.43 | 13.36 | 16.81 | 17.98 |
| Asset Turnover | — | 0.59 | 0.60 | 0.54 | 0.40 | 0.17 | 0.15 | 0.17 | 0.12 | 0.40 | 0.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 0.27 | 0.36 | 0.07 |
| Days Sales Outstanding | — | 37.22 | 35.47 | 41.05 | 44.63 | 47.92 | 107.75 | 93.12 | 108.45 | 52.63 | 65.23 |
KFS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kingsway Financial Services Inc. returns 0.5% to shareholders annually — split between a 0.4% dividend yield and 0.1% buyback yield.
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 | 0.4% | 0.3% | 0.0% | — | — | — | — | — | 1.3% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | 10.6% | 13.2% | — | — | — | — | — | 0.3% |
| FCF Yield | — | — | 0.2% | — | 5.9% | — | 1.4% | — | — | — | — |
| Buyback Yield | 0.1% | 0.1% | 1.1% | 1.4% | 0.2% | 0.0% | 0.1% | 0.0% | 0.6% | 0.0% | 0.1% |
| Total Shareholder Yield | 0.5% | 0.4% | 1.1% | 1.4% | 0.2% | 0.0% | 0.1% | 0.0% | 1.9% | 0.0% | 0.1% |
| Shares Outstanding | — | $28M | $27M | $26M | $25M | $23M | $22M | $22M | $22M | $22M | $20M |
Peer Comparison
Compare KFS 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 |
|---|---|---|---|---|---|---|---|---|---|
 KFSYou | $296M | -23.8 | — | — | 100.0% | -10.2% | -40.7% | -12.4% | — |
 HIHO | $4M | 34.0 | -21.0 | — | 33.3% | -7.2% | 1.6% | -31.7% | 10.9 |
 KINS | $243M | 5.8 | 4.4 | 3.3 | 57.7% | 25.6% | 43.0% | 46.6% | 0.1 |
 HRTG | $722M | 3.8 | 1.0 | 4.1 | 63.0% | 30.6% | 49.1% | 1539.6% | 0.4 |
 ERIE | $10B | 19.9 | 11.8 | 17.1 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 KMPR | $1B | 10.9 | 10.0 | 2.7 | 29.7% | 3.3% | 5.3% | 3.1% | 4.3 |
 PLMR | $3B | 15.6 | 10.9 | 7.4 | 73.9% | 28.9% | 23.6% | 25.5% | 0.0 |
 NODK | $322M | -31.5 | — | 180.3 | 29.6% | -4.3% | -4.3% | -4.8% | — |
 ACGL | $33B | 7.9 | 6.7 | 5.4 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 RNR | $13B | 5.3 | 3.4 | 3.5 | 40.7% | 31.5% | 14.6% | 16.0% | 0.6 |
 AIZ | $13B | 15.0 | 10.0 | 8.1 | 77.2% | 8.5% | 15.9% | 14.0% | 1.7 |
| Consumer Cyclical Median | — | 20.8 | 12.1 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
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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KFS — Frequently Asked Questions
Quick answers to the most common questions about buying KFS stock.
What is Kingsway Financial Services Inc.'s P/E ratio?
Kingsway Financial Services Inc.'s current P/E ratio is -23.8x. The historical average is 21.4x.
What is Kingsway Financial Services Inc.'s ROE?
Kingsway Financial Services Inc.'s return on equity (ROE) is -40.7%. The historical average is -7.2%.
Is KFS stock overvalued?
Based on historical data, Kingsway Financial Services Inc. is trading at a P/E of -23.8x. Compare with industry peers and growth rates for a complete picture.
What is Kingsway Financial Services Inc.'s dividend yield?
Kingsway Financial Services Inc.'s current dividend yield is 0.36%.
What are Kingsway Financial Services Inc.'s profit margins?
Kingsway Financial Services Inc. has 100.0% gross margin and -10.2% operating margin.