Kennametal Inc. (KMT) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Manufacturing - Tools & Accessories
EV/EBITDA
↓
11.70
↑+23% vs avg
5yr avg: 9.49
30Y Low4.8·High20.9
P/FCF
↓
23.19
↑+27% vs avg
5yr avg: 18.25
30Y Low3.8·High44.1
P/B Ratio
↓
2.14
↑+29% vs avg
5yr avg: 1.66
30Y Low0.8·High2.9
ROE
↑
7.1%
-10% vs avg
5yr avg: 7.9%
30Y Low-28%·High22%
Debt/EBITDA
↓
2.30
+3% vs avg
5yr avg: 2.22
30Y Low0.8·High8.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KMT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kennametal Inc. trades at 30.3x earnings, 22% above its 5-year average of 24.9x, sitting at the 84th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 18%. On a free-cash-flow basis, the stock trades at 23.2x P/FCF, 27% above the 5-year average of 18.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $1.8B | $1.9B | $2.3B | $2.0B | $3.0B | $2.4B | $3.1B | $3.0B | $3.0B | $1.8B |
| Enterprise Value | $3.3B | $2.3B | $2.4B | $2.8B | $2.5B | $3.5B | $2.9B | $3.5B | $3.4B | $3.5B | $2.3B |
| P/E Ratio → | 30.27 | 19.13 | 17.18 | 19.45 | 13.51 | 55.26 | — | 12.76 | 14.83 | 61.34 | — |
| P/S Ratio | 1.41 | 0.91 | 0.92 | 1.11 | 0.97 | 1.65 | 1.26 | 1.30 | 1.25 | 1.48 | 0.84 |
| P/B Ratio | 2.14 | 1.35 | 1.46 | 1.76 | 1.51 | 2.21 | 1.88 | 2.24 | 2.41 | 2.89 | 1.77 |
| P/FCF | 23.19 | 14.98 | 11.10 | 14.13 | 23.07 | 27.95 | — | 34.94 | 27.95 | 40.94 | 16.25 |
| P/OCF | 13.29 | 8.58 | 6.79 | 8.96 | 10.75 | 12.85 | 10.66 | 10.25 | 10.71 | 15.80 | 8.05 |
P/E links to full P/E history page with 30-year chart
KMT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kennametal Inc.'s enterprise value stands at 11.7x EBITDA, 23% above its 5-year average of 9.5x. The Industrials sector median is 13.9x, placing the stock at a 16% 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 | — | 1.16 | 1.17 | 1.37 | 1.26 | 1.92 | 1.55 | 1.47 | 1.44 | 1.72 | 1.10 |
| EV / EBITDA | 11.70 | 8.19 | 7.87 | 8.71 | 7.23 | 15.42 | 20.55 | 7.92 | 8.18 | 16.06 | — |
| EV / EBIT | 22.85 | 14.60 | 14.04 | 15.12 | 10.87 | 31.76 | 78.69 | 10.14 | 11.16 | 32.00 | — |
| EV / FCF | — | 19.20 | 14.16 | 17.39 | 29.91 | 32.54 | — | 39.60 | 32.05 | 47.75 | 21.22 |
KMT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Kennametal Inc. earns an operating margin of 7.3%, above the Industrials sector average of 4.3%. Operating margins have compressed from 9.3% to 7.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.1% is modest, trailing the sector median of 8.2%. ROIC of 5.9% represents adequate returns on invested capital versus a sector median of 6.1%.
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 | 30.4% | 30.4% | 30.6% | 31.1% | 32.2% | 30.0% | 28.1% | 35.0% | 35.1% | 32.0% | 29.4% |
| Operating Margin | 7.3% | 7.3% | 8.3% | 9.3% | 10.8% | 5.5% | 1.2% | 13.8% | 13.0% | 5.5% | -8.3% |
| Net Profit Margin | 4.7% | 4.7% | 5.3% | 5.7% | 7.2% | 3.0% | -0.3% | 10.2% | 8.5% | 2.4% | -10.8% |
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 | 7.1% | 7.1% | 8.4% | 9.1% | 10.9% | 4.1% | -0.4% | 18.6% | 17.5% | 4.8% | -19.1% |
| ROA | 3.7% | 3.7% | 4.3% | 4.6% | 5.5% | 1.9% | -0.2% | 8.7% | 7.5% | 2.1% | -8.7% |
| ROIC | 5.9% | 5.9% | 7.0% | 7.8% | 8.8% | 4.2% | 0.9% | 14.3% | 14.3% | 5.5% | -7.4% |
| ROCE | 6.8% | 6.8% | 8.1% | 9.2% | 10.1% | 4.7% | 1.0% | 15.5% | 15.4% | 5.8% | -8.1% |
KMT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Kennametal Inc. carries a Debt/EBITDA ratio of 2.3x, which is manageable (29% below the sector average of 3.2x). Net debt stands at $503M ($643M total debt minus $141M cash). Interest coverage of 6.3x 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 | 0.49 | 0.49 | 0.50 | 0.49 | 0.51 | 0.48 | 0.90 | 0.43 | 0.81 | 0.66 | 0.70 |
| Debt / EBITDA | 2.30 | 2.30 | 2.12 | 1.96 | 1.90 | 2.85 | 8.04 | 1.34 | 2.38 | 3.15 | — |
| Net Debt / Equity | — | 0.38 | 0.40 | 0.41 | 0.45 | 0.36 | 0.42 | 0.30 | 0.35 | 0.48 | 0.54 |
| Net Debt / EBITDA | 1.80 | 1.80 | 1.70 | 1.63 | 1.65 | 2.18 | 3.77 | 0.93 | 1.05 | 2.29 | — |
| Debt / FCF | — | 4.21 | 3.05 | 3.26 | 6.83 | 4.59 | — | 4.66 | 4.10 | 6.81 | 4.97 |
| Interest Coverage | 6.29 | 6.29 | 6.46 | 6.60 | 8.98 | 2.39 | 1.06 | 10.43 | 10.14 | 3.84 | -6.16 |
KMT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Kennametal Inc.'s current ratio of 2.46x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.19x 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 2.37x to 2.46x 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 | 2.46 | 2.46 | 2.41 | 2.37 | 2.11 | 2.30 | 1.60 | 2.58 | 1.74 | 2.41 | 2.49 |
| Quick Ratio | 1.19 | 1.19 | 1.17 | 1.08 | 0.93 | 1.21 | 1.02 | 1.34 | 1.15 | 1.36 | 1.42 |
| Cash Ratio | 0.33 | 0.33 | 0.31 | 0.24 | 0.18 | 0.35 | 0.68 | 0.39 | 0.63 | 0.41 | 0.38 |
| Asset Turnover | — | 0.77 | 0.82 | 0.82 | 0.78 | 0.69 | 0.62 | 0.89 | 0.81 | 0.85 | 0.89 |
| Inventory Turnover | 2.54 | 2.54 | 2.76 | 2.57 | 2.39 | 2.71 | 2.60 | 2.70 | 2.92 | 2.87 | 3.23 |
| Days Sales Outstanding | — | 54.82 | 54.00 | 53.97 | 53.57 | 60.05 | 46.07 | 58.37 | 61.86 | 67.46 | 64.52 |
KMT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kennametal Inc. returns 4.4% to shareholders annually — split between a 2.2% dividend yield and 2.2% buyback yield. A payout ratio of 66.4% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.3% (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 | 2.2% | 3.5% | 3.4% | 2.8% | 3.4% | 2.2% | 2.8% | 2.1% | 2.2% | 2.1% | 3.6% |
| Payout Ratio | 66.4% | 66.4% | 58.0% | 54.5% | 46.0% | 122.6% | — | 27.2% | 32.5% | 130.5% | — |
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 | 3.3% | 5.2% | 5.8% | 5.1% | 7.4% | 1.8% | — | 7.8% | 6.7% | 1.6% | — |
| FCF Yield | 4.3% | 6.7% | 9.0% | 7.1% | 4.3% | 3.6% | — | 2.9% | 3.6% | 2.4% | 6.2% |
| Buyback Yield | 2.2% | 3.4% | 3.5% | 2.1% | 4.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.4% | 6.8% | 6.9% | 4.9% | 7.8% | 2.2% | 2.8% | 2.1% | 2.2% | 2.1% | 3.6% |
| Shares Outstanding | — | $78M | $80M | $81M | $84M | $84M | $83M | $83M | $83M | $81M | $80M |
Peer Comparison
Compare KMT 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 |
|---|---|---|---|---|---|---|---|---|---|
 KMTYou | $3B | 30.3 | 11.7 | 23.2 | 30.4% | 7.3% | 7.1% | 5.9% | 2.3 |
 SWK | $13B | 32.7 | 12.4 | 19.6 | 29.9% | 7.6% | 4.5% | 5.8% | 3.8 |
 ITT | $18B | 32.2 | 20.3 | 32.1 | 35.4% | 17.4% | 14.2% | 16.1% | 1.1 |
 GTLS | $10B | 630.3 | 14.4 | 49.1 | 29.2% | 15.2% | 1.3% | 7.4% | 4.0 |
 TDY | $29B | 32.8 | 20.9 | 26.7 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 NN | $2B | -12.8 | — | — | -256.2% | -1535.8% | — | -43.9% | — |
 CECO | $4B | 71.8 | 46.0 | — | 32.7% | 6.7% | 17.4% | 10.0% | 0.3 |
 GFS | $48B | 54.0 | 22.5 | 47.3 | 25.2% | 11.7% | 7.8% | 5.3% | 0.8 |
 AMTM | $5B | 80.2 | 8.8 | 10.2 | 7.2% | 3.5% | 1.4% | 4.3% | 4.1 |
 TXT | $16B | 17.5 | 10.8 | 17.6 | 16.9% | 8.4% | 12.2% | 9.4% | 2.6 |
 PH | $120B | 35.2 | 26.1 | 36.0 | 36.9% | 20.5% | 27.4% | 13.4% | 1.9 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
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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KMT — Frequently Asked Questions
Quick answers to the most common questions about buying KMT stock.
What is Kennametal Inc.'s P/E ratio?
Kennametal Inc.'s current P/E ratio is 30.3x. The historical average is 22.8x. This places it at the 84th percentile of its historical range.
What is Kennametal Inc.'s EV/EBITDA?
Kennametal Inc.'s current EV/EBITDA is 11.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Kennametal Inc.'s ROE?
Kennametal Inc.'s return on equity (ROE) is 7.1%. The historical average is 6.4%.
Is KMT stock overvalued?
Based on historical data, Kennametal Inc. is trading at a P/E of 30.3x. This is at the 84th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Kennametal Inc.'s dividend yield?
Kennametal Inc.'s current dividend yield is 2.19% with a payout ratio of 66.4%.
What are Kennametal Inc.'s profit margins?
Kennametal Inc. has 30.4% gross margin and 7.3% operating margin.
How much debt does Kennametal Inc. have?
Kennametal Inc.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.