Stocktoria

KONE Oyj KNEBV.HE

FI · Nasdaq Helsinki · XHEL · stock · Industrials · website

KONE Oyj statistics & valuation

Market cap€26.0B
P / E26.5×
P / S2.3×
P / B9.3×
P / FCF22.3×
Net margin8.7%
FCF margin10.3%
Net debt€417.4M
Enterprise value USD$26.1B
Earnings yield EBIT/EV5.1%
Return on capital35.4%
Graham number -67.3%€16.40

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 (€16.40); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.10% 8.50% 8.60% 8.70% 2022202320242025
Gross margin (%)
51.10% 53.90% 56.50% 57.70% 2022202320242025
Operating margin (%)
9.90% 11.40% 11.30% 11.90% 2022202320242025
Return on equity (%)
27.30% 33.60% 33.20% 35.00% 2022202320242025
Shares outstanding
442.1M 442.1M 442.1M 442.1M 2022202320242025
Net debt (€)
€37.1M €130.3M €260.4M €417.4M 2022202320242025
Share buybacks (€)
€50.0M €0 2022202320242025
Return on assets (%)
8.50% 10.60% 10.20% 10.80% 2022202320242025
Free cash flow margin (%)
3.90% 8.90% 9.70% 10.30% 2022202320242025
Debt / equity (×)
0.19× 0.20× 0.29× 0.31× 2022202320242025
EPS (€)
€1.49 €1.79 €1.84 €1.89 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

KONE Oyj trades at about 26.5× earnings — below its 10-year norm (10-year range 25.7×–33.6×, median 32.1×).

25.7× 33.6×

Shaded band = 10-year range (25.7×–33.6×); dot = today's 26.5×.

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 margin57.7%56.5%53.9%51.1%
Operating margin11.9%11.3%11.4%9.9%
Net margin8.7%8.6%8.5%7.1%
FCF margin10.3%9.7%8.9%3.9%
Return on assets10.8%10.2%10.6%8.5%
Return on equity35.0%33.2%33.6%27.3%
Debt / equity0.07×0.14×0.07×0.07×
Current ratio1.081.131.131.17

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