Latest Ratios: P/E Ratio 22.2x · EV/EBITDA 46.7x · ROE 3.5%. (2003–2025 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 | $588M | $405M | $384M | $457M | $788M | $985M | $684M | $1.2B | $1.1B | $1.3B | $1.1B |
| Enterprise Value | $1.7B | $1.5B | $1.9B | $1.9B | $1.6B | $1.6B | $1.7B | $2.5B | $2.2B | $2.0B | $1.5B |
| P/E Ratio → | 22.24 | 15.38 | — | 11.19 | 11.69 | 15.52 | 14.87 | 28.89 | 56.04 | 67.50 | 69.89 |
| P/S Ratio | 3.82 | 2.63 | 2.73 | 2.56 | 3.74 | 4.77 | 4.05 | 7.17 | 8.26 | 11.04 | 10.67 |
| P/B Ratio | 0.79 | 0.54 | 0.51 | 0.53 | 0.88 | 0.94 | 0.63 | 1.07 | 0.88 | 1.19 | 0.98 |
| P/FCF | 27.48 | 18.94 | 9.01 | 6.70 | 10.05 | 14.07 | 51.21 | 36.84 | 30.18 | 36.45 | 30.49 |
| P/OCF | 23.73 | 16.36 | 8.73 | 6.57 | 9.69 | 13.06 | 35.42 | 31.04 | 24.65 | 32.63 | 28.78 |
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 | — | 9.70 | 13.73 | 10.60 | 7.54 | 7.77 | 9.92 | 14.77 | 16.21 | 17.43 | 14.59 |
| EV / EBITDA | 46.74 | 41.65 | — | 32.27 | 16.04 | 17.55 | 26.59 | 40.53 | 58.03 | 65.29 | 59.89 |
| EV / EBIT | 54.10 | 48.21 | — | 36.14 | 17.19 | 18.97 | 29.28 | 44.48 | 64.16 | 72.39 | 68.25 |
| EV / FCF | — | 69.87 | 45.28 | 27.76 | 20.26 | 22.91 | 125.45 | 75.88 | 59.23 | 57.55 | 41.71 |
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 | 98.5% | 98.5% | 95.6% | 98.6% | 103.6% | 100.5% | 97.5% | 97.9% | 98.0% | 95.3% | 89.9% |
| Operating Margin | 20.1% | 20.1% | -57.5% | 29.3% | 43.9% | 41.0% | 33.9% | 33.2% | 25.3% | 24.1% | 21.4% |
| Net Profit Margin | 16.9% | 16.9% | -61.6% | 22.8% | 32.1% | 30.7% | 26.6% | 25.0% | 14.6% | 16.3% | 15.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | -10.7% | 4.6% | 7.0% | 5.9% | 4.1% | 3.5% | 1.7% | 1.7% | 1.4% |
| ROA | 0.3% | 0.3% | -1.1% | 0.5% | 0.9% | 0.9% | 0.7% | 0.6% | 0.3% | 0.4% | 0.4% |
| ROIC | 1.1% | 1.1% | -2.6% | 1.9% | 3.9% | 3.2% | 1.8% | 1.7% | 1.2% | 1.1% | 1.0% |
| ROCE | 1.5% | 1.5% | -3.5% | 2.7% | 5.4% | 4.1% | 2.4% | 2.2% | 1.5% | 1.5% | 1.3% |
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 | 1.68 | 1.68 | 2.14 | 1.73 | 1.01 | 0.66 | 1.08 | 1.17 | 0.94 | 0.76 | 0.54 |
| Debt / EBITDA | 35.02 | 35.02 | — | 25.68 | 9.10 | 7.51 | 18.60 | 21.49 | 31.89 | 26.52 | 23.85 |
| Net Debt / Equity | — | 1.46 | 2.05 | 1.65 | 0.89 | 0.59 | 0.92 | 1.14 | 0.84 | 0.69 | 0.36 |
| Net Debt / EBITDA | 30.36 | 30.36 | — | 24.48 | 8.08 | 6.77 | 15.73 | 20.85 | 28.46 | 23.94 | 16.12 |
| Debt / FCF | — | 50.93 | 36.27 | 21.06 | 10.20 | 8.83 | 74.24 | 39.04 | 29.05 | 21.10 | 11.23 |
| Interest Coverage | 0.16 | 0.16 | -0.43 | 0.44 | 3.11 | 1.69 | 0.68 | 0.68 | 0.68 | 0.75 | 0.71 |
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 | 1.20 | 1.20 | 0.22 | 0.23 | 0.24 | 0.32 | 0.36 | 0.19 | 0.21 | 0.24 | 0.22 |
| Quick Ratio | 1.20 | 1.20 | 0.22 | 0.23 | 0.24 | 0.32 | 0.36 | 0.19 | 0.21 | 0.24 | 0.22 |
| Cash Ratio | 0.03 | 0.03 | 0.01 | 0.01 | 0.02 | 0.01 | 0.04 | 0.01 | 0.03 | 0.03 | 0.07 |
| Asset Turnover | — | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| 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 | 4.7% | 6.8% | 7.2% | 6.2% | 3.9% | 2.9% | 3.5% | 2.9% | 1.8% | 0.7% | 0.6% |
| Payout Ratio | 106.0% | 106.0% | — | 69.8% | 45.4% | 45.3% | 53.6% | 82.5% | 104.9% | 44.5% | 45.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 6.5% | — | 8.9% | 8.6% | 6.4% | 6.7% | 3.5% | 1.8% | 1.5% | 1.4% |
| FCF Yield | 3.6% | 5.3% | 11.1% | 14.9% | 9.9% | 7.1% | 2.0% | 2.7% | 3.3% | 2.7% | 3.3% |
| Buyback Yield | 0.1% | 0.1% | 3.1% | 6.1% | 16.6% | 12.2% | 10.4% | 11.8% | 13.0% | 10.0% | 2.0% |
| Total Shareholder Yield | 4.8% | 6.9% | 10.2% | 12.4% | 20.5% | 15.1% | 13.9% | 14.7% | 14.8% | 10.7% | 2.6% |
| Shares Outstanding | — | $63M | $62M | $65M | $71M | $82M | $84M | $91M | $83M | $85M | $90M |
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying KRNY stock.
Kearny Financial Corp.'s current P/E ratio is 22.2x. The historical average is 71.3x. This places it at the 26th percentile of its historical range.
Kearny Financial Corp.'s current EV/EBITDA is 46.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 49.4x.
Kearny Financial Corp.'s return on equity (ROE) is 3.5%. The historical average is 2.0%.
Based on historical data, Kearny Financial Corp. is trading at a P/E of 22.2x. This is at the 26th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kearny Financial Corp.'s current dividend yield is 4.72% with a payout ratio of 106.0%.
Kearny Financial Corp. has 98.5% gross margin and 20.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Kearny Financial Corp.'s Debt/EBITDA ratio is 35.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Persistently compressed net interest margin
Metrics are mathematically derived from official filings.
Deep Discount to Tangible Book Value
Kearny's P/B ratio of 0.83, as reported in current valuation metrics, indicates the market is pricing the bank below its tangible book value, suggesting significant skepticism about its ability to generate returns above its cost of equity.
The persistent discount to tangible book value, with the stock trading at $9.82 versus a tangible book value per share of $10.32, implies the market does not expect Kearny to earn a sustainable return on tangible equity (ROTCE) that justifies a premium. This valuation is consistent with the bank's historically low ROE and NIM, and it appears to price in the risk that the current profitability challenges are structural rather than cyclical.
ROE Stagnation Reflects Structural Margin Pressure
Kearny's annualized ROE of 0.9% in 2026Q4, as shown in the ratio data, is critically low and indicates the bank is failing to generate a return sufficient to cover its cost of capital, pointing to a fundamental profitability challenge.
The DuPont decomposition reveals the core issue: a net interest margin of just 0.5% is the primary constraint on profitability, as it severely limits the spread income generated on the asset base. While the efficiency ratio has improved to 74.1%, this cost control is insufficient to overcome the NIM compression, resulting in an ROE that is well below the cost of equity and peer averages.
NIM Compression Offsets Efficiency Gains
The net interest margin has been stuck at a very low 0.5% for four consecutive quarters, according to the ratio data, indicating that asset yield improvements are being almost entirely offset by higher funding costs.
The NIM trend suggests Kearny is caught in a challenging rate environment where it cannot reprice assets faster than its liabilities. The concurrent improvement in the efficiency ratio from 80.3% to 74.1% over the past year demonstrates effective cost control, but this operating leverage is being consumed by the margin pressure, limiting overall earnings growth.
Equity Erosion Constrains Capital Return
Total equity has declined from $849.1M to $766.7M over the past year, as noted in the balance sheet analysis, which appears to be driven by unrealized losses and limits the bank's capacity for capital return or strategic investment.
The equity-to-assets ratio has remained stable at 0.10, but the absolute decline in equity suggests the bank's capital base is under pressure. This erosion, likely tied to the investment portfolio's unrealized losses, constrains the bank's ability to grow its balance sheet, repurchase shares, or increase dividends without potentially breaching regulatory minimums.
Volatile Provisions Obscure Credit Cycle
Loan loss provisions have been highly erratic, swinging from a $3.5M charge in 2024Q4 to an $82K benefit in 2026Q1, making it difficult to assess the true trajectory of credit quality in the loan portfolio.
The lack of a clear trend in provision expense suggests either volatility in the underlying credit quality of the loan book or a management approach that is smoothing charges over time. This volatility makes it challenging to determine if current reserve levels are adequate for the economic cycle, warranting closer scrutiny of non-performing loan trends and charge-off ratios.
P/B Ratio Misleads on True Capital Position
The P/B ratio of 0.83 is the most commonly misapplied metric for Kearny, as it likely overstates the tangible capital available to absorb losses by not fully reflecting the impact of unrealized losses on the investment portfolio.
Investors often use P/B as a primary valuation metric for banks, but for Kearny, this ratio may be misleading. The significant decline in the investment securities portfolio and total equity strongly suggests the presence of substantial unrealized losses that depress tangible book value. A more appropriate metric would be P/TBV adjusted for the after-tax impact of these unrealized losses, which would provide a clearer picture of the bank's true economic capital and loss-absorption capacity.