Latest Ratios: P/E Ratio 15.6x · EV/EBITDA 16.8x · ROE 4.8%. (2003–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $567M | $598M | $405M | $384M | $457M | $788M | $985M | $684M | $1.2B | $1.1B | $1.3B |
| Enterprise Value | $1.6B | $1.6B | $1.5B | $1.9B | $1.9B | $1.6B | $1.6B | $1.7B | $2.5B | $2.2B | $2.0B |
| P/E Ratio → | 15.56 | 16.60 | 15.38 | — | 11.19 | 11.69 | 15.52 | 14.87 | 28.89 | 56.04 | 67.50 |
| P/S Ratio | 3.15 | 3.36 | 2.63 | 2.73 | 2.56 | 3.74 | 4.77 | 4.05 | 7.17 | 8.26 | 11.04 |
| P/B Ratio | 0.74 | 0.78 | 0.54 | 0.51 | 0.53 | 0.88 | 0.94 | 0.63 | 1.07 | 0.88 | 1.19 |
| P/FCF | 12.53 | 17.37 | 18.94 | 9.01 | 6.70 | 10.05 | 14.07 | 51.21 | 36.84 | 30.18 | 36.45 |
| P/OCF | 15.37 | 16.21 | 16.36 | 8.73 | 6.57 | 9.69 | 13.06 | 35.42 | 31.04 | 24.65 | 32.63 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.17 | 9.70 | 13.73 | 10.60 | 7.54 | 7.77 | 9.92 | 14.77 | 16.21 | 17.43 |
| EV / EBITDA | 16.77 | 31.50 | 41.65 | — | 32.27 | 16.04 | 17.55 | 26.59 | 40.53 | 58.03 | 65.29 |
| EV / EBIT | 33.80 | 34.46 | 48.21 | — | 36.14 | 17.19 | 18.97 | 29.28 | 44.48 | 64.16 | 72.39 |
| EV / FCF | — | 47.43 | 69.87 | 45.28 | 27.76 | 20.26 | 22.91 | 125.45 | 75.88 | 59.23 | 57.55 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.0% | 99.0% | 98.5% | 95.6% | 98.6% | 103.6% | 100.5% | 97.5% | 97.9% | 98.0% | 95.3% |
| Operating Margin | 26.6% | 26.6% | 20.1% | -57.5% | 29.3% | 43.9% | 41.0% | 33.9% | 33.2% | 25.3% | 24.1% |
| Net Profit Margin | 20.4% | 20.4% | 16.9% | -61.6% | 22.8% | 32.1% | 30.7% | 26.6% | 25.0% | 14.6% | 16.3% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.8% | 4.8% | 3.5% | -10.7% | 4.6% | 7.0% | 5.9% | 4.1% | 3.5% | 1.7% | 1.7% |
| ROA | 0.5% | 0.5% | 0.3% | -1.1% | 0.5% | 0.9% | 0.9% | 0.7% | 0.6% | 0.3% | 0.4% |
| ROIC | 1.8% | 1.8% | 1.1% | -2.6% | 1.9% | 3.9% | 3.2% | 1.8% | 1.7% | 1.2% | 1.1% |
| ROCE | 2.5% | 2.5% | 1.5% | -3.5% | 2.7% | 5.4% | 4.1% | 2.4% | 2.2% | 1.5% | 1.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.50 | 1.50 | 1.68 | 2.14 | 1.73 | 1.01 | 0.66 | 1.08 | 1.17 | 0.94 | 0.76 |
| Debt / EBITDA | 22.18 | 22.18 | 35.02 | — | 25.68 | 9.10 | 7.51 | 18.60 | 21.49 | 31.89 | 26.52 |
| Net Debt / Equity | — | 1.35 | 1.46 | 2.05 | 1.65 | 0.89 | 0.59 | 0.92 | 1.14 | 0.84 | 0.69 |
| Net Debt / EBITDA | 19.96 | 19.96 | 30.36 | — | 24.48 | 8.08 | 6.77 | 15.73 | 20.85 | 28.46 | 23.94 |
| Debt / FCF | — | 30.06 | 50.93 | 36.27 | 21.06 | 10.20 | 8.83 | 74.24 | 39.04 | 29.05 | 21.10 |
| Interest Coverage | 0.28 | 0.28 | 0.16 | -0.43 | 0.44 | 3.11 | 1.69 | 0.68 | 0.68 | 0.68 | 0.75 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.21 | 1.21 | 1.20 | 0.22 | 0.23 | 0.24 | 0.32 | 0.36 | 0.19 | 0.21 | 0.24 |
| Quick Ratio | 1.21 | 1.21 | 1.20 | 0.22 | 0.23 | 0.24 | 0.32 | 0.36 | 0.19 | 0.21 | 0.24 |
| Cash Ratio | 0.02 | 0.02 | 0.03 | 0.01 | 0.01 | 0.02 | 0.01 | 0.04 | 0.01 | 0.03 | 0.03 |
| Asset Turnover | — | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.9% | 4.7% | 6.8% | 7.2% | 6.2% | 3.9% | 2.9% | 3.5% | 2.9% | 1.8% | 0.7% |
| Payout Ratio | 76.8% | 76.8% | 106.0% | — | 69.8% | 45.4% | 45.3% | 53.6% | 82.5% | 104.9% | 44.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 6.0% | 6.5% | — | 8.9% | 8.6% | 6.4% | 6.7% | 3.5% | 1.8% | 1.5% |
| FCF Yield | 8.0% | 5.8% | 5.3% | 11.1% | 14.9% | 9.9% | 7.1% | 2.0% | 2.7% | 3.3% | 2.7% |
| Buyback Yield | 0.1% | 0.1% | 0.1% | 3.1% | 6.1% | 16.6% | 12.2% | 10.4% | 11.8% | 13.0% | 10.0% |
| Total Shareholder Yield | 5.0% | 4.7% | 6.9% | 10.2% | 12.4% | 20.5% | 15.1% | 13.9% | 14.7% | 14.8% | 10.7% |
| Shares Outstanding | — | $63M | $63M | $62M | $65M | $71M | $82M | $84M | $91M | $83M | $85M |
Includes 30+ ratios · 24 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 15.6x. The historical average is 68.5x. This places it at the 25th percentile of its historical range.
Kearny Financial Corp.'s current EV/EBITDA is 16.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 48.4x.
Kearny Financial Corp.'s return on equity (ROE) is 4.8%. The historical average is 2.1%.
Based on historical data, Kearny Financial Corp. is trading at a P/E of 15.6x. This is at the 25th 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 4.89% with a payout ratio of 76.8%.
Kearny Financial Corp. has 99.0% gross margin and 26.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Kearny Financial Corp.'s Debt/EBITDA ratio is 22.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Margin compression and funding costs
Metrics are mathematically derived from official filings.
Discount to Book Reflects Earnings Doubt
Based on KRNY's reported figures, the stock trades at 0.76 times book value with a 21.45 trailing P/E, a combination suggesting the market prices the franchise as a low-return balance sheet rather than a premium deposit franchise, with ROE near 1% limiting justification for a higher multiple.
A price-to-book of 0.76 means investors are paying less than the stated equity base, which typically implies the market doubts the bank can earn returns above its cost of equity. With trailing ROE around 1% to 1.3%, the 21.45 trailing P/E reflects depressed earnings rather than growth expectations, while the forward P/E of 14.42 suggests the market anticipates some normalization. Investors should monitor whether reported returns on tangible equity improve materially, since sustained sub-par ROE would likely keep the multiple anchored near book value.
Thin Margins Cap Returns on Equity
KRNY's reported ROE of roughly 0.8% to 1.3% over recent quarters, driven by a net interest margin near 0.5%, indicates that its substantial equity base, roughly 10% of assets, is dragging returns well below typical regional bank levels.
The DuPont structure points to low net interest margin and a modest asset yield as the core constraint, while leverage is low by design after the conversion, which mechanically depresses ROE. Fee income contributing roughly 11% to 13% of revenue provides some diversification but cannot offset the narrow spread. The Q4 2024 ROE of negative 11.2% is an outlier that appears tied to a discrete loss event and should be excluded when assessing run-rate profitability.
Efficiency Gains Offset Spread Pressure
According to reported figures, KRNY's efficiency ratio improved from 80.3% in 2025Q1 to 70.2% in 2027Q1, suggesting operating leverage is working even as net interest margin remains compressed near 0.5%.
The efficiency improvement of roughly ten points indicates revenue growth has outpaced non-interest expense, consistent with rising net interest income from balance sheet growth and repricing. However, a 70% efficiency ratio remains high relative to well-run regional peers, implying the cost base is still heavy relative to the revenue it supports. Continued margin stagnation would limit how much further efficiency gains can translate into earnings.
Excess Equity Supports Repurchase Optionality
Based on reported figures, KRNY's equity-to-assets ratio near 10% and tangible book value of roughly $10.09 per share suggest a capital cushion well above typical regulatory minimums, leaving room for buybacks or dividends.
A capital ratio near 10% of assets places KRNY comfortably above minimum thresholds, though the regulatory capital ratios themselves were not supplied and should be verified in filings. The excess capital is a double-edged feature: it provides a buffer against credit shocks but dilutes returns on equity. Investors should monitor whether management deploys this surplus through repurchases, since sporadic buybacks would leave the capital base idle.
Provision Spike Warrants Monitoring
As reported in financial statements, KRNY's provisions ranged from roughly negative $82K to $1.8M, with the Q4 2025 charge of $1.8M as the clear outlier against otherwise modest quarterly reserve builds.
The single large provision suggests a discrete credit event or reserve adjustment rather than a steady deterioration, though the data alone cannot identify its source. Reserve coverage and non-performing loan ratios were not supplied, so adequacy cannot be confirmed from the provided figures. Given the multi-family and rent-regulated concentration noted in the company profile, investors should monitor delinquency trends closely.
Price-to-Book Misleads on Securities Marks
The most commonly misapplied ratio here is price-to-book, since reported book value may not reflect unrealized securities losses in accumulated other comprehensive income, meaning tangible book value could be overstated relative to economic value.
A 0.76 price-to-book looks like a value signal, but if AOCI carries significant unrealized losses from rate-driven securities declines, the true tangible book may be lower than reported, making the discount less attractive than it appears. Price-to-tangible-book adjusted for AOCI, along with a return-on-tangible-equity analysis, would give a more defensible read. The statements provided do not quantify these marks, so this remains an analytical concern requiring filing-level verification.