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KENNAMETAL INC KMT

NYSE · stock · Machine Tools, Metal Cutting Types · website · IPO 1981-05-22 · LEI

KENNAMETAL INC statistics & valuation

Market cap$2.7B
P / E8.0×
P / S1.2×
P / B1.7×
Dividend yield2.23%
Net margin14.5%
Return on equity21.2%
FCF margin-3.4%
Return on capital19%
Graham number +47.9%$45.52

Market cap as of 2026-06-29. 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 ($45.52); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.40% 8.50% 10.20% -0.30% 3.00% 7.20% 5.70% 5.30% 4.70% 14.50% 2017201820192020202120222023202420252026
Gross margin (%)
31.30% 34.60% 35.00% 28.10% 30.00% 32.20% 31.10% 30.60% 30.40% 41.20% 2017201820192020202120222023202420252026
Operating margin (%)
4.60% 12.30% 13.80% 1.20% 5.50% 10.80% 9.30% 8.30% 7.30% 20.10% 2017201820192020202120222023202420252026
Return on equity (%)
4.70% 16.30% 17.60% -0.40% 4.00% 11.20% 9.00% 8.50% 7.00% 21.20% 2017201820192020202120222023202420252026
Shares outstanding
81.2M 82.8M 83.3M 83.0M 84.3M 83.9M 81.4M 80.0M 77.9M 77.4M 2017201820192020202120222023202420252026
Net debt ($)
2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
2.00% 6.80% 9.10% -0.20% 2.00% 5.60% 4.70% 4.40% 3.70% 10.80% 2017201820192020202120222023202420252026
Free cash flow margin (%)
3.80% 4.50% 3.70% -1.10% 5.90% -13.80% 7.90% 8.30% 6.10% -3.40% 2017201820192020202120222023202420252026
Debt / equity (×)
2017201820192020202120222023202420252026
EPS ($)
$0.61 $2.42 $2.90 -$0.07 $0.65 $1.72 $1.46 $1.37 $1.20 $4.42 2017201820192020202120222023202420252026

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

KENNAMETAL INC trades at about 7× earnings — below its 10-year norm (10-year range 7.7×–60.5×, median 20.6×).

7× 60.5×

Shaded band = 10-year range (7.7×–60.5×); dot = today's 7×.

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)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin41.2%30.4%30.6%31.1%32.2%30.0%28.1%35.0%34.6%31.3%
Operating margin20.1%7.3%8.3%9.3%10.8%5.5%1.2%13.8%12.3%4.6%
Net margin14.5%4.7%5.3%5.7%7.2%3.0%-0.3%10.2%8.5%2.4%
FCF margin-3.4%6.1%8.3%7.9%-13.8%5.9%-1.1%3.7%4.5%3.8%
Return on assets10.8%3.7%4.4%4.7%5.6%2.0%-0.2%9.1%6.8%2.0%
Return on equity21.2%7.0%8.5%9.0%11.2%4.0%-0.4%17.6%16.3%4.7%
Current ratio2.622.462.412.372.112.301.602.581.742.41

Computed from company filings · US · as of 2026-06-30. Facts plus Stocktoria's own computed scores — not investment advice.