Kennametal Inc. (KMT) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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KMT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Kennametal Inc. (KMT) trades at a price-to-earnings ratio of 36.1x, with a stock price of $43.27 and trailing twelve-month earnings per share of $1.77.
The current P/E is 78% above its 5-year average of 20.3x. Over the past five years, KMT's P/E has ranged from a low of 12.6x to a high of 56.1x, placing the current valuation at the 95th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.9x, KMT trades at a 39% premium to its sector peers. The sector includes 414 companies with P/E ratios ranging from 0.0x to 185.4x.
Relative to the broader market, KMT commands a significant premium over the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our KMT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
KMT P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $13B | 30.6 | - | +36% | |
| $19B | 35.5 | 0.72 | -3% | |
| $10B | 629.6 | - | -92% | |
| $30B | 34.1 | 2.79 | +10% | |
| $3B | 63.0 | 1.47 | +281% | |
| $40B | 45.5 | - | +431%Best | |
| $6B | 92.2 | - | +179% | |
| $16B | 18.2Lowest | 0.60Best | +18% | |
| $114B | 33.3 | 1.39 | +24% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
KMT Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | $36.13 | $1.77 | 20.4x | -9% | |
| FY2026 Q2 | Wed Dec 31 2025 00:00:00 GM | $28.41 | $1.43 | 19.9x | -11% |
| FY2026 Q1 | $20.93 | $1.22 | 17.2x | -23% | |
| FY2025 Q4 | Mon Jun 30 2025 00:00:00 GM | $22.96 | $1.20 | 19.1x | -14% |
| FY2025 Q3 | Mon Mar 31 2025 00:00:00 GM | $21.30 | $1.39 | 15.3x | -32% |
| FY2025 Q2 | $24.02 | $1.22 | 19.7x | -12% | |
| FY2025 Q1 | Mon Sep 30 2024 00:00:00 GM | $25.93 | $1.28 | 20.3x | -9% |
| FY2024 Q4 | Sun Jun 30 2024 00:00:00 GM | $23.54 | $1.37 | 17.2x | -23% |
| FY2024 Q3 | Sun Mar 31 2024 00:00:00 GM | $24.94 | $1.35 | 18.5x | -17% |
| FY2024 Q2 | Sun Dec 31 2023 00:00:00 GM | $25.79 | $1.50 | 17.2x | -23% |
| FY2024 Q1 | Sat Sep 30 2023 00:00:00 GM | $24.88 | $1.48 | 16.8x | -25% |
| FY2023 Q4 | Fri Jun 30 2023 00:00:00 GM | $28.39 | $1.45 | 19.6x | -12% |
Average P/E for displayed period: 22.4x
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Start ComparisonKMT — Frequently Asked Questions
Quick answers to the most common questions about buying KMT stock.
Is KMT stock overvalued or undervalued?
KMT trades at 36.1x P/E, above its 5-year average of 20.3x. The 95th percentile ranking indicates a premium to historical valuation.
How does KMT's valuation compare to peers?
Kennametal Inc. P/E of 36.1x compares to sector median of 25.9x. The premium reflects expected growth above peers.
What is KMT's PEG ratio?
KMT PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.