Latest Ratios: P/E Ratio 10.5x · EV/EBITDA 9.7x · ROE 5.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $1.5B | $1.5B | $1.3B | $1.2B | — | — | — | — | — | — |
| Enterprise Value | $2.3B | $2.3B | $2.8B | $2.6B | $2.3B | — | — | — | — | — | — |
| P/E Ratio → | 10.46 | 10.22 | 4.75 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.29 | 0.31 | 0.33 | 0.26 | 0.21 | — | — | — | — | — | — |
| P/B Ratio | 0.56 | 0.55 | 0.54 | 0.51 | 0.48 | — | — | — | — | — | — |
| P/FCF | 2.54 | 2.64 | 4.58 | — | — | — | — | — | — | — | — |
| P/OCF | 2.41 | 2.51 | 3.94 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
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 | — | 0.49 | 0.61 | 0.53 | 0.43 | — | — | — | — | — | — |
| EV / EBITDA | 9.73 | 9.97 | 6.41 | — | — | — | — | — | — | — | — |
| EV / EBIT | 14.22 | 11.77 | 6.37 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 4.23 | 8.60 | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 29.7% | 29.7% | 12.7% | 22.8% | -3.9% | 6.3% | 22.4% | 23.7% | 20.8% | 16.5% | 14.2% |
| Operating Margin | 3.3% | 3.3% | 8.4% | -7.0% | -6.8% | -4.4% | 9.8% | 13.2% | 5.4% | 6.0% | 0.1% |
| Net Profit Margin | 3.0% | 3.0% | 6.9% | -5.5% | -5.3% | -2.2% | 7.9% | 10.6% | 5.2% | 4.5% | 0.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.3% | 5.3% | 12.0% | -11.0% | -8.9% | -2.9% | 9.6% | 15.1% | 7.4% | 5.9% | 0.8% |
| ROA | 1.1% | 1.1% | 2.5% | -2.1% | -2.0% | -0.8% | 3.0% | 4.3% | 1.9% | 1.5% | 0.2% |
| ROIC | 3.1% | 3.1% | 7.3% | -7.0% | -6.5% | -3.6% | 7.5% | 11.7% | 4.6% | 4.6% | 0.1% |
| ROCE | 1.3% | 1.3% | 3.1% | -2.7% | -2.7% | -1.7% | 3.7% | 5.4% | 2.8% | 2.9% | 0.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.50 | 0.55 | 0.57 | 0.28 | 0.26 | 0.20 | 0.30 | 0.28 | 0.38 |
| Debt / EBITDA | 4.28 | 4.28 | 3.15 | — | — | — | 2.08 | 1.07 | 2.45 | 3.30 | 32.68 |
| Net Debt / Equity | — | 0.33 | 0.48 | 0.53 | 0.48 | 0.24 | 0.21 | 0.16 | 0.27 | 0.26 | 0.32 |
| Net Debt / EBITDA | 3.74 | 3.74 | 3.00 | — | — | — | 1.71 | 0.89 | 2.25 | 3.05 | 27.65 |
| Debt / FCF | — | 1.59 | 4.02 | — | — | 3.32 | 2.45 | 1.42 | 1.76 | 2.67 | 2.85 |
| Interest Coverage | 5.17 | 5.17 | 7.83 | -5.19 | -5.78 | -4.72 | 15.17 | 16.57 | 5.59 | 5.62 | 1.08 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | 4.13 | — | — | — | 18.01 | 1.25 | 16.86 |
| Quick Ratio | — | — | — | — | 4.13 | — | — | — | 21.99 | 1.45 | 19.75 |
| Cash Ratio | — | — | — | — | 44.07 | — | — | — | 15.13 | 1.13 | 15.33 |
| Asset Turnover | — | 0.38 | 0.37 | 0.39 | 0.41 | 0.38 | 0.36 | 0.39 | 0.32 | 0.32 | 0.31 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 5.3% | 5.4% | 5.3% | 6.2% | 6.8% | — | — | — | — | — | — |
| Payout Ratio | 55.5% | 55.5% | 25.2% | — | — | — | 19.2% | 12.8% | 29.7% | 40.9% | 292.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.6% | 9.8% | 21.1% | — | — | — | — | — | — | — | — |
| FCF Yield | 39.4% | 37.8% | 21.8% | — | — | — | — | — | — | — | — |
| Buyback Yield | 21.5% | 20.6% | 2.6% | 0.0% | 0.4% | — | — | — | — | — | — |
| Total Shareholder Yield | 26.8% | 26.0% | 7.9% | 6.2% | 7.2% | — | — | — | — | — | — |
| Shares Outstanding | — | $63M | $65M | $64M | $64M | $64M | $67M | $67M | $59M | $52M | $51M |
Underwriting volatility in specialty
As reported in recent financial data, Kemper trades at a P/B of 0.56, a significant discount to industry peers that suggests investors are pricing in substantial skepticism regarding the company's ability to restore underwriting profitability and stabilize its book value during the current strategic transition.
The current valuation multiple appears to reflect a market consensus that the company's franchise value is impaired by persistent underwriting losses. Investors should monitor whether this discount represents a value opportunity or a permanent re-rating of the company's earnings power as it exits the preferred segment.
Based on quarterly filings, the combined ratio deteriorated to 101.2% in 2025Q4, indicating that Kemper is currently unable to generate an underwriting profit, a trend that warrants further investigation into the sustainability of its specialty auto pricing models amidst rising social inflation and repair costs.
The inability to maintain a combined ratio consistently below 100% suggests that the company's core specialty niche is facing structural headwinds. This performance implies that management's rate-taking actions may be lagging behind the actual severity of claims, creating a persistent drag on overall profitability.
According to historical financial statements, Kemper's ROE has struggled to remain positive, reaching -0.3% in 2025Q4, which highlights a reliance on investment income that is currently insufficient to offset the operational losses generated by the company's specialty property and casualty insurance underwriting activities.
The decomposition of ROE reveals that the underwriting segment is actively eroding capital rather than contributing to it. This suggests that the company's profitability is highly sensitive to investment portfolio performance, which may be insufficient to mask the underlying volatility of the specialty auto business.
As noted in industry research, the P/E ratio is frequently misapplied to Kemper, as it obscures the volatility of underwriting results and the impact of reserve development, making the P/B ratio a more reliable anchor for assessing the company's true financial health and capital adequacy.
Relying on P/E ignores the fact that earnings are often distorted by non-recurring reserve adjustments and catastrophe losses. Analysts should instead focus on the combined ratio and book value growth to better understand the underlying health of the insurance franchise.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying KMPB stock.
Kemper Corporation 5.875% Fixed's current P/E ratio is 10.5x. The historical average is 7.5x. This places it at the 100th percentile of its historical range.
Kemper Corporation 5.875% Fixed's current EV/EBITDA is 9.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
Kemper Corporation 5.875% Fixed's return on equity (ROE) is 5.3%. The historical average is 7.2%.
Based on historical data, Kemper Corporation 5.875% Fixed is trading at a P/E of 10.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kemper Corporation 5.875% Fixed's current dividend yield is 5.31% with a payout ratio of 55.5%.
Kemper Corporation 5.875% Fixed has 29.7% gross margin and 3.3% operating margin.
Kemper Corporation 5.875% Fixed's Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.