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Koninklijke KPN N.V. KPN.AS

NL · Euronext Amsterdam · XAMS · stock · Communication Services · website

Koninklijke KPN N.V. statistics & valuation

Market cap€15.5B
P / E18.2×
P / S2.7×
P / B4.4×
P / FCF14.9×
Net margin14.7%
FCF margin18.0%
Net debt€6.6B
Enterprise value USD$25.5B
Earnings yield EBIT/EV6.5%
Return on capital13.6%
Graham number -47%€2.15

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 (€2.15); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
14.30% 15.50% 15.10% 14.70% 2022202320242025
Gross margin (%)
71.90% 72.80% 73.00% 72.40% 2022202320242025
Operating margin (%)
22.50% 24.20% 25.10% 24.80% 2022202320242025
Return on equity (%)
20.80% 23.70% 24.00% 24.30% 2022202320242025
Shares outstanding
3.83B 3.83B 3.83B 3.83B 2022202320242025
Net debt (€)
€5.89B €6.18B €6.43B €6.58B 2022202320242025
Share buybacks (€)
€300.0M €300.0M €200.0M €250.0M 2022202320242025
Return on assets (%)
6.40% 6.90% 6.80% 6.70% 2022202320242025
Free cash flow margin (%)
18.50% 18.30% 17.00% 18.00% 2022202320242025
Debt / equity (×)
1.72× 1.91× 2.01× 1.99× 2022202320242025
EPS (€)
€0.18 €0.20 €0.22 €0.22 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

Koninklijke KPN N.V. trades at about 18.1× earnings — near its 10-year norm (10-year range 15.7×–18.4×, median 17.4×).

15.7× 18.4×

Shaded band = 10-year range (15.7×–18.4×); dot = today's 18.1×.

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 margin72.4%73.0%72.8%71.9%
Operating margin24.8%25.1%24.2%22.5%
Net margin14.7%15.1%15.5%14.3%
FCF margin18.0%17.0%18.3%18.5%
Return on assets6.7%6.8%6.9%6.4%
Return on equity24.3%24.0%23.7%20.8%
Debt / equity1.67×1.52×1.52×1.42×
Current ratio0.640.600.750.83

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