Kinross Gold Corporation (KGC) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Gold
EV/EBITDA
↓
7.25
-2% vs avg
5yr avg: 7.40
30Y Low3.1·High30.6
P/FCF
↓
12.44
↓-21% vs avg
5yr avg: 15.67
30Y Low5.8·High167.9
P/B Ratio
↑
3.76
↑+113% vs avg
5yr avg: 1.77
30Y Low0.3·High4.0
ROE
↑
31.0%
↓+237% vs avg
5yr avg: 9.2%
30Y Low-47%·High31%
Debt/EBITDA
↓
0.18
↓-87% vs avg
5yr avg: 1.42
30Y Low0.2·High12.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KGC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kinross Gold Corporation trades at 13.4x earnings, 31% below its 5-year average of 19.5x, sitting at the 33rd percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a discount of 43%. On a free-cash-flow basis, the stock trades at 12.4x P/FCF, 21% below the 5-year average of 15.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $31.9B | $34.5B | $11.4B | $7.5B | $5.2B | $7.4B | $9.3B | $6.0B | $4.0B | $5.4B | $3.8B |
| Enterprise Value | $31.0B | $33.5B | $12.3B | $9.4B | $7.4B | $8.5B | $10.1B | $7.3B | $5.4B | $6.1B | $4.7B |
| P/E Ratio → | 13.40 | 14.15 | 12.04 | 17.79 | — | 34.18 | 6.61 | 8.17 | — | 12.34 | — |
| P/S Ratio | 4.45 | 4.81 | 2.22 | 1.76 | 1.52 | 2.84 | 2.21 | 1.71 | 1.26 | 1.64 | 1.10 |
| P/B Ratio | 3.76 | 3.97 | 1.64 | 1.22 | 0.89 | 1.11 | 1.40 | 1.12 | 0.89 | 1.18 | 0.91 |
| P/FCF | 12.44 | 13.43 | 8.35 | 14.76 | 18.32 | 23.52 | 8.94 | 36.33 | — | 100.56 | 8.20 |
| P/OCF | 8.44 | 9.11 | 4.68 | 4.66 | 4.99 | 6.50 | 4.75 | 4.88 | 5.13 | 5.71 | 3.47 |
P/E links to full P/E history page with 30-year chart
KGC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kinross Gold Corporation's enterprise value stands at 7.2x EBITDA, roughly in line with its 5-year average of 7.4x. The Basic Materials sector median is 11.0x, placing the stock at a 34% 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 | — | 4.67 | 2.38 | 2.21 | 2.16 | 3.28 | 2.39 | 2.08 | 1.69 | 1.85 | 1.36 |
| EV / EBITDA | 7.25 | 7.84 | 4.57 | 5.24 | 8.26 | 11.09 | 3.68 | 4.23 | 5.57 | 5.30 | 5.23 |
| EV / EBIT | 9.99 | 10.81 | 8.01 | 12.05 | 42.59 | 54.61 | 5.34 | 7.00 | 29.26 | 12.12 | 115.17 |
| EV / FCF | — | 13.05 | 8.95 | 18.48 | 26.05 | 27.16 | 9.68 | 44.23 | — | 113.42 | 10.12 |
KGC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Kinross Gold Corporation earns an operating margin of 43.2%, significantly above the Basic Materials sector average of 10.3%. Operating margins have expanded from 18.9% to 43.2% over the past 3 years, signaling improving operational efficiency. Return on equity of 31.0% is exceptionally high. ROIC of 29.9% represents excellent 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 | 47.5% | 47.5% | 36.5% | 27.4% | 14.9% | 20.8% | 54.5% | 38.6% | 18.0% | 21.3% | 14.2% |
| Operating Margin | 43.2% | 43.2% | 29.9% | 18.9% | 3.4% | 2.8% | 45.1% | 28.3% | 6.2% | 10.2% | 1.3% |
| Net Profit Margin | 33.9% | 33.9% | 18.4% | 9.8% | -17.5% | 8.5% | 31.9% | 20.5% | -0.7% | 13.5% | -3.0% |
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 | 31.0% | 31.0% | 14.4% | 6.9% | -9.7% | 3.3% | 22.4% | 14.6% | -0.5% | 10.1% | -2.6% |
| ROA | 20.9% | 20.9% | 8.9% | 4.0% | -5.8% | 2.1% | 13.4% | 8.4% | -0.3% | 5.5% | -1.3% |
| ROIC | 29.9% | 29.9% | 14.6% | 7.5% | 1.1% | 0.7% | 20.2% | 11.9% | 2.7% | 4.9% | 0.7% |
| ROCE | 29.8% | 29.8% | 15.7% | 8.2% | 1.2% | 0.7% | 21.1% | 12.5% | 2.7% | 4.5% | 0.6% |
KGC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Kinross Gold Corporation carries a Debt/EBITDA ratio of 0.2x, which is very conservative (93% below the sector average of 2.4x). The company holds a net cash position — cash of $1.8B exceeds total debt of $777M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 37.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.21 | 0.37 | 0.45 | 0.25 | 0.30 | 0.35 | 0.38 | 0.38 | 0.41 |
| Debt / EBITDA | 0.18 | 0.18 | 0.54 | 1.26 | 2.93 | 2.19 | 0.73 | 1.10 | 1.78 | 1.50 | 1.92 |
| Net Debt / Equity | — | -0.11 | 0.12 | 0.31 | 0.38 | 0.17 | 0.12 | 0.24 | 0.30 | 0.15 | 0.21 |
| Net Debt / EBITDA | -0.23 | -0.23 | 0.31 | 1.06 | 2.45 | 1.49 | 0.28 | 0.76 | 1.41 | 0.60 | 0.99 |
| Debt / FCF | — | -0.38 | 0.61 | 3.72 | 7.73 | 3.64 | 0.74 | 7.91 | — | 12.86 | 1.92 |
| Interest Coverage | 37.23 | 37.23 | 30.33 | 11.27 | 2.56 | 2.18 | 21.07 | 13.53 | 2.57 | 5.84 | 0.41 |
Net cash position: cash ($1.8B) exceeds total debt ($777M)
KGC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Kinross Gold Corporation's current ratio of 2.35x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.37x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.47x to 2.35x 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 | 2.35 | 2.35 | 1.91 | 2.47 | 2.30 | 2.63 | 1.82 | 2.96 | 2.61 | 3.90 | 3.26 |
| Quick Ratio | 1.37 | 1.37 | 0.74 | 0.79 | 0.87 | 1.08 | 1.02 | 1.25 | 0.89 | 2.03 | 1.72 |
| Cash Ratio | 1.25 | 1.25 | 0.59 | 0.53 | 0.57 | 0.73 | 0.91 | 0.96 | 0.60 | 1.80 | 1.34 |
| Asset Turnover | — | 0.58 | 0.47 | 0.40 | 0.33 | 0.25 | 0.39 | 0.39 | 0.40 | 0.40 | 0.44 |
| Inventory Turnover | 2.76 | 2.76 | 2.63 | 2.69 | 2.74 | 1.79 | 1.79 | 2.04 | 2.50 | 2.37 | 3.02 |
| Days Sales Outstanding | — | 4.28 | 3.22 | 4.12 | 10.50 | 12.58 | 7.33 | 12.49 | 14.88 | 9.35 | 20.11 |
KGC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kinross Gold Corporation returns 2.4% to shareholders annually — split between a 0.5% dividend yield and 1.9% buyback yield. The payout ratio of 6.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.5% (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 | 0.5% | 0.4% | 1.3% | 2.0% | 2.9% | 2.0% | 0.8% | — | — | — | — |
| Payout Ratio | 6.4% | 6.4% | 15.5% | 35.4% | — | 68.3% | 5.6% | — | — | — | — |
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 | 7.5% | 7.1% | 8.3% | 5.6% | — | 2.9% | 15.1% | 12.2% | — | 8.1% | — |
| FCF Yield | 8.0% | 7.4% | 12.0% | 6.8% | 5.5% | 4.3% | 11.2% | 2.8% | — | 1.0% | 12.2% |
| Buyback Yield | 1.9% | 1.8% | 0.0% | 0.0% | 5.7% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.4% | 2.2% | 1.3% | 2.0% | 8.7% | 3.4% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $1.2B | $1.2B | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B | $1.2B | $1.3B | $1.2B |
Peer Comparison
Compare KGC 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 |
|---|---|---|---|---|---|---|---|---|---|
 KGCYou | $32B | 13.4 | 7.2 | 12.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 NEM | $115B | 16.2 | 8.2 | 15.8 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 AEM | $83B | 18.8 | 10.2 | 19.6 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 WPM | $56B | 37.3 | 28.2 | 97.0 | 72.2% | 68.8% | 18.8% | 17.4% | 0.0 |
 FNV | $42B | 37.4 | 26.0 | 28.4 | 73.9% | 71.4% | 16.3% | 16.6% | 0.0 |
 AGI | $15B | 17.3 | 14.6 | 56.3 | 54.3% | 44.5% | 22.2% | 15.9% | 0.2 |
 HL | $11B | 32.6 | 15.2 | 34.5 | 41.1% | 37.5% | 13.9% | 15.3% | 0.4 |
 CDE | $11B | 19.5 | 11.0 | 17.1 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 EGO | $7B | 13.2 | 6.7 | — | 44.9% | 41.5% | 12.6% | 13.3% | 1.2 |
 IAG | $10B | 14.6 | 6.6 | 12.9 | 41.2% | 38.9% | 17.7% | 19.1% | 0.5 |
 BTG | $6B | 15.4 | 3.3 | 87.0 | 50.0% | 45.9% | 12.1% | 30.0% | 0.3 |
| 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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KGC — Frequently Asked Questions
Quick answers to the most common questions about buying KGC stock.
What is Kinross Gold Corporation's P/E ratio?
Kinross Gold Corporation's current P/E ratio is 13.4x. The historical average is 26.1x. This places it at the 33th percentile of its historical range.
What is Kinross Gold Corporation's EV/EBITDA?
Kinross Gold Corporation's current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
What is Kinross Gold Corporation's ROE?
Kinross Gold Corporation's return on equity (ROE) is 31.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -5.8%.
Is KGC stock overvalued?
Based on historical data, Kinross Gold Corporation is trading at a P/E of 13.4x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Kinross Gold Corporation's dividend yield?
Kinross Gold Corporation's current dividend yield is 0.47% with a payout ratio of 6.4%.
What are Kinross Gold Corporation's profit margins?
Kinross Gold Corporation has 47.5% gross margin and 43.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Kinross Gold Corporation have?
Kinross Gold Corporation's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.