Stocktoria

Kesko Oyj KESKOB.HE

FI · Nasdaq Helsinki · XHEL · stock · Consumer Defensive · website

Kesko Oyj statistics & valuation

Market cap€8.6B
P / E21.4×
P / S0.7×
P / B3.1×
P / FCF22.9×
Net margin3.2%
FCF margin3.0%
Net debt€3.4B
Enterprise value USD$10.8B
Earnings yield EBIT/EV4.6%
Return on capital9.2%
Graham number -29.1%€15.38

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€15.38); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.20% 4.20% 3.20% 3.20% 2022202320242025
Gross margin (%)
14.70% 14.20% 14.40% 14.50% 2022202320242025
Operating margin (%)
6.30% 5.30% 4.20% 4.40% 2022202320242025
Return on equity (%)
22.20% 18.00% 13.90% 14.40% 2022202320242025
Shares outstanding
271.4M 271.4M 271.4M 271.4M 2022202320242025
Net debt (€)
€2.17B €2.58B €2.92B €3.41B 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
8.20% 6.40% 4.50% 4.60% 2022202320242025
Free cash flow margin (%)
4.80% 4.30% 4.30% 3.00% 2022202320242025
Debt / equity (×)
0.88× 1.01× 1.25× 1.28× 2022202320242025
EPS (€)
€1.53 €1.25 €0.95 €1.02 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Kesko Oyj trades at about 21.3× earnings — near its 10-year norm (10-year range 14×–20.9×, median 19.5×).

14× 21.3×

Shaded band = 10-year range (14×–20.9×); dot = today's 21.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin14.5%14.4%14.2%14.7%
Operating margin4.4%4.2%5.3%6.3%
Net margin3.2%3.2%4.2%5.2%
FCF margin3.0%4.3%4.3%4.8%
Return on assets4.6%4.5%6.4%8.2%
Return on equity14.4%13.9%18.0%22.2%
Debt / equity0.46×0.39×0.25×0.09×
Current ratio0.970.971.021.00

Computed from company filings · FI · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.