Kennedy-Wilson Holdings, Inc. (KW) Financial Ratios
19 years of historical data (2007–2025) · Real Estate · Real Estate - Services
EV/EBITDA
↓
31.56
↓-34% vs avg
5yr avg: 47.57
30Y Low26.2·High52.9
P/FCF
4.87
+14% vs avg
5yr avg: 4.27
30Y Low2.9·High53.0
P/B Ratio
↓
0.96
↓-14% vs avg
5yr avg: 1.12
30Y Low0.7·High2.1
ROE
↓
0.3%
↑-77% vs avg
5yr avg: 1.3%
30Y Low-16%·High19%
Debt/EBITDA
↓
24.34
↓-29% vs avg
5yr avg: 34.44
30Y Low21.1·High40.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kennedy-Wilson Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 4.9x P/FCF, 14% above the 5-year average of 4.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $1.3B | $1.4B | $1.7B | $2.2B | $3.3B | $2.5B | $3.2B | $2.6B | $2.1B | $2.2B |
| Enterprise Value | $5.8B | $5.7B | $5.9B | $6.7B | $7.3B | $8.3B | $6.6B | $7.6B | $7.6B | $7.4B | $6.2B |
| P/E Ratio → | -39.00 | — | — | — | 33.47 | 10.66 | 27.11 | 14.11 | 17.64 | 20.90 | 2029.70 |
| P/S Ratio | 3.04 | 2.66 | 2.59 | 3.06 | 4.04 | 7.38 | 5.53 | 5.54 | 3.41 | 2.58 | 3.18 |
| P/B Ratio | 0.96 | 0.85 | 0.84 | 0.96 | 1.08 | 1.86 | 1.50 | 1.84 | 1.84 | 1.31 | 0.95 |
| P/FCF | 4.87 | 4.27 | — | — | — | — | — | — | 2.90 | — | — |
| P/OCF | 4.01 | 3.52 | 24.98 | 35.17 | 66.25 | — | — | — | 28.25 | 28.32 | 21.73 |
P/E links to full P/E history page with 30-year chart
KW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kennedy-Wilson Holdings, Inc.'s enterprise value stands at 31.6x EBITDA, 34% below its 5-year average of 47.6x. The Real Estate sector median is 17.0x, placing the stock at a 86% premium 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 | — | 11.29 | 11.19 | 11.92 | 13.57 | 18.20 | 14.63 | 13.39 | 9.78 | 9.20 | 8.87 |
| EV / EBITDA | 31.56 | 30.54 | 26.21 | 31.61 | 32.07 | 117.45 | 52.91 | 48.43 | 35.62 | 30.30 | 29.76 |
| EV / EBIT | 111.96 | 20.42 | 25.02 | — | 20.42 | 12.61 | 18.79 | 13.21 | 14.86 | 21.74 | 22.12 |
| EV / FCF | — | 18.11 | — | — | — | — | — | — | 8.33 | — | — |
KW Profitability
Margins and return-on-capital ratios measuring operating efficiency
Kennedy-Wilson Holdings, Inc. earns an operating margin of 10.4%, below the Real Estate sector average of 24.8%. ROE of 0.3% is modest. ROIC of 0.6% represents below-average returns on invested capital.
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 | 18.8% | 18.8% | 14.5% | 10.0% | 2.5% | -5.4% | -12.0% | -3.5% | 3.3% | 5.6% | 7.6% |
| Operating Margin | 10.4% | 10.4% | 14.8% | 9.7% | 10.3% | -21.2% | -11.9% | -5.3% | 0.8% | 3.9% | 1.6% |
| Net Profit Margin | 0.9% | 0.9% | -6.2% | -54.0% | 17.4% | 72.8% | 24.3% | 39.8% | 19.4% | 12.5% | 0.8% |
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 | 0.3% | 0.3% | -1.9% | -16.0% | 4.9% | 19.0% | 6.5% | 14.4% | 10.0% | 5.1% | 0.2% |
| ROA | 0.1% | 0.1% | -0.4% | -3.8% | 1.2% | 4.3% | 1.5% | 3.1% | 2.0% | 1.3% | 0.1% |
| ROIC | 0.6% | 0.6% | 0.9% | 0.6% | 0.6% | -1.2% | -0.7% | -0.4% | 0.1% | 0.4% | 0.1% |
| ROCE | 0.8% | 0.8% | 1.2% | 0.7% | 0.7% | -1.4% | -0.7% | -0.4% | 0.1% | 0.4% | 0.2% |
KW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Kennedy-Wilson Holdings, Inc. carries a Debt/EBITDA ratio of 24.3x, which is highly leveraged (207% above the sector average of 7.9x). Net debt stands at $4.3B ($4.5B total debt minus $185M cash). Interest coverage of just 1.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.86 | 2.86 | 2.92 | 2.95 | 2.78 | 3.01 | 3.05 | 2.94 | 3.78 | 3.59 | 2.09 |
| Debt / EBITDA | 24.34 | 24.34 | 21.10 | 24.98 | 24.45 | 77.31 | 40.59 | 32.04 | 25.52 | 23.25 | 23.32 |
| Net Debt / Equity | — | 2.75 | 2.79 | 2.77 | 2.56 | 2.72 | 2.47 | 2.60 | 3.44 | 3.37 | 1.71 |
| Net Debt / EBITDA | 23.34 | 23.34 | 20.14 | 23.50 | 22.53 | 69.84 | 32.90 | 28.40 | 23.22 | 21.81 | 19.10 |
| Debt / FCF | — | 13.84 | — | — | — | — | — | — | 5.43 | — | — |
| Interest Coverage | 1.16 | 1.16 | 0.91 | -0.30 | 1.63 | 3.40 | 1.75 | 2.70 | 2.13 | 1.56 | 1.47 |
KW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.89x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.11x to 0.89x 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 | 0.89 | 0.89 | 1.02 | 1.11 | 1.03 | 1.19 | — | 1.30 | 1.13 | 1.14 | 2.59 |
| Quick Ratio | 0.89 | 0.89 | 1.02 | 1.11 | 1.03 | 1.19 | — | 1.30 | 1.13 | 1.14 | 2.59 |
| Cash Ratio | 0.34 | 0.34 | 0.40 | 0.51 | 0.65 | 0.82 | — | 1.07 | 0.91 | 0.72 | 2.09 |
| Asset Turnover | — | 0.08 | 0.08 | 0.07 | 0.07 | 0.06 | 0.06 | 0.08 | 0.10 | 0.10 | 0.09 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
KW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kennedy-Wilson Holdings, Inc. returns 5.1% to shareholders annually — split between a 4.5% dividend yield and 0.6% buyback yield. The payout ratio exceeds 100% at 1446.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery.
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 | 4.5% | 5.1% | 7.3% | 7.9% | 6.2% | 3.7% | 5.0% | 3.6% | 4.9% | 2.9% | 2.9% |
| Payout Ratio | 1446.8% | 1446.8% | — | — | 143.6% | 37.4% | 114.5% | 50.7% | 85.6% | 58.9% | 1157.1% |
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 | — | — | — | — | 3.0% | 9.4% | 3.7% | 7.1% | 5.7% | 4.8% | 0.0% |
| FCF Yield | 20.5% | 23.4% | — | — | — | — | — | — | 34.5% | — | — |
| Buyback Yield | 0.6% | 0.7% | 1.1% | 1.2% | 1.4% | 2.5% | 2.3% | 0.7% | 6.8% | 3.3% | 2.9% |
| Total Shareholder Yield | 5.1% | 5.8% | 8.4% | 9.1% | 7.6% | 6.2% | 7.3% | 4.3% | 11.6% | 6.1% | 5.8% |
| Shares Outstanding | — | $138M | $138M | $139M | $139M | $140M | $140M | $142M | $145M | $119M | $109M |
Peer Comparison
Compare KW 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 |
|---|---|---|---|---|---|---|---|---|---|
 KWYou | $2B | -39.0 | 31.6 | 4.9 | 18.8% | 10.4% | 0.3% | 0.6% | 24.3 |
 CWK | $3B | 33.9 | 9.7 | 10.3 | 16.2% | 4.5% | 4.8% | 7.9% | 5.8 |
 JLL | $14B | 18.1 | 11.6 | 14.1 | 99.0% | 4.5% | 10.9% | 8.9% | 2.4 |
 CBRE | $39B | 34.2 | 22.7 | 32.3 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
 RMR | $652M | 19.9 | 14.9 | 9.0 | 76.9% | 6.0% | 4.3% | 6.7% | 3.8 |
 FPH | $770M | 10.7 | 627.2 | 7.3 | 40.4% | -6.7% | 3.1% | -0.2% | 376.2 |
 FRPH | $455M | 139.5 | 30.1 | 15.3 | 15.7% | 16.4% | 0.7% | 1.0% | 10.7 |
 EQR | $24B | 22.0 | 15.3 | 18.6 | 46.3% | 36.3% | 9.7% | 4.2% | 4.1 |
 AIV | $417M | 0.7 | 30.7 | — | -33.5% | -21.1% | 126.4% | -1.8% | 30.0 |
 CPT | $11B | 30.8 | 17.0 | 29.6 | 61.4% | 18.4% | 8.4% | 2.6% | 4.3 |
 MAA | $15B | 35.1 | 16.7 | 21.5 | 31.8% | 28.0% | 7.5% | 4.2% | 4.4 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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KW — Frequently Asked Questions
Quick answers to the most common questions about buying KW stock.
What is Kennedy-Wilson Holdings, Inc.'s P/E ratio?
Kennedy-Wilson Holdings, Inc.'s current P/E ratio is -39.0x. The historical average is 40.5x.
What is Kennedy-Wilson Holdings, Inc.'s EV/EBITDA?
Kennedy-Wilson Holdings, Inc.'s current EV/EBITDA is 31.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 36.7x.
What is Kennedy-Wilson Holdings, Inc.'s ROE?
Kennedy-Wilson Holdings, Inc.'s return on equity (ROE) is 0.3%. The historical average is 2.3%.
Is KW stock overvalued?
Based on historical data, Kennedy-Wilson Holdings, Inc. is trading at a P/E of -39.0x. Compare with industry peers and growth rates for a complete picture.
What is Kennedy-Wilson Holdings, Inc.'s dividend yield?
Kennedy-Wilson Holdings, Inc.'s current dividend yield is 4.51% with a payout ratio of 1446.8%.
What are Kennedy-Wilson Holdings, Inc.'s profit margins?
Kennedy-Wilson Holdings, Inc. has 18.8% gross margin and 10.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Kennedy-Wilson Holdings, Inc. have?
Kennedy-Wilson Holdings, Inc.'s Debt/EBITDA ratio is 24.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.