BKV Corporation (BKV) Key Metrics
BKV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.51B
- Enterprise value
- $3.64B
- P/E (TTM)
- 8.2
- Forward P/E
- 15.8
- PEG ratio
- —
- Price / sales
- 2.4
- Price / book
- 1.1
- EV / EBITDA
- 6.5
- Dividend yield
- —
- Beta
- 1.12
BKV key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBKV valuation Price multiples at each fiscal year-end price.
BKV returns How much profit the business earns on the capital it uses.
BKV per-share figures Results divided by the shares outstanding at year-end.
BKV financial health Debt, liquidity and how easily interest is covered.
BKV efficiency & capital use Working capital cycle and where the cash goes.
BKV valuation history
BKV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BKV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BKV cash returned to shareholders
BKV price vs earnings per share
BKV key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $2.52B | $1.68B | — | — | — | — |
| Enterprise value | $2.80B | $1.83B | — | — | — | — |
| P/E ratio | 14.5 | — | — | — | — | — |
| Price / sales | 2.8 | 2.8 | — | — | — | — |
| Price / book | 1.2 | 1.1 | — | — | — | — |
| Price / free cash flow | — | 95.3 | — | — | — | — |
| Price / operating cash flow | 10.4 | 14.2 | — | — | — | — |
| EV / sales | 3.1 | 3.0 | — | — | — | — |
| EV / EBITDA | 6.8 | 22.3 | — | — | — | — |
| EV / free cash flow | — | 103.8 | — | — | — | — |
| Earnings yield | 6.9% | −8.5% | — | — | — | — |
| Free cash flow yield | −2.3% | 1.0% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | — | 0.0% | — | — | — | — |
| Share price at fiscal year-end | $27.15 | $23.78 | — | — | — | — |
| Per share | ||||||
| Revenue per share | $9.66 | $8.56 | $8.79 | $19.74 | $10.57 | $1.46 |
| Earnings per share | $1.87 | −$2.02 | $1.39 | $4.88 | −$1.64 | −$0.52 |
| Operating cash flow per share | $2.62 | $1.68 | $1.46 | $4.15 | $4.26 | −$0.09 |
| Free cash flow per share | −$0.62 | $0.25 | −$0.83 | $1.20 | $3.44 | −$6.20 |
| Cash per share | $2.15 | $0.21 | $0.30 | $1.82 | $1.60 | $0.21 |
| Book value per share | $22.00 | $22.08 | $16.85 | $13.47 | $8.38 | $11.21 |
| Tangible book value per share | $21.80 | $21.82 | $16.63 | $13.25 | $8.16 | $10.99 |
| Dividends per share | — | — | $0.00 | $0.00 | $1.17 | $0.00 |
| Capex per share | $3.24 | $1.43 | $2.29 | $2.95 | $0.82 | $6.11 |
| Debt per share | $5.25 | $2.34 | $6.44 | $7.33 | $2.16 | $0.42 |
| Shares outstanding | 92.7M | 70.6M | 84.1M | 84.1M | 84.1M | 84.1M |
| Change in shares outstanding | +31.2% | −16.0% | 0.0% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 9.6% | −9.6% | 9.2% | 44.6% | −16.8% | −4.6% |
| Return on invested capital (ROIC) | 6.6% | −6.7% | 7.2% | 22.5% | 1.9% | −0.8% |
| Return on assets (ROA) | 6.5% | −5.8% | 4.3% | 19.0% | −9.3% | −3.2% |
| Return on tangible assets | 5.6% | −6.5% | 4.4% | 15.3% | −8.6% | −3.3% |
| Free cash flow margin | −6.4% | 2.9% | −9.4% | 6.1% | 32.5% | −425.8% |
| Income quality (OCF / net income) | 1.40 | — | 1.05 | 0.85 | — | — |
| Financial health | ||||||
| Total debt | $486.8M | $165.0M | $541.7M | $617.0M | $181.4M | $35.1M |
| Cash & short-term investments | $199.4M | $14.9M | $25.4M | $153.1M | $134.7M | $17.4M |
| Net debt | $287.4M | $150.1M | $516.3M | $463.9M | $46.7M | $17.7M |
| Debt / equity | 0.24 | 0.11 | 0.38 | 0.54 | 0.26 | 0.04 |
| Debt / assets | 0.16 | 0.07 | 0.20 | 0.23 | 0.11 | 0.03 |
| Net debt / EBITDA | 0.70 | 1.83 | 1.16 | 0.72 | — | 0.20 |
| Current ratio | 1.78 | 0.57 | 0.76 | 0.54 | 0.49 | 2.45 |
| Quick ratio | 1.75 | 0.53 | 0.73 | 0.54 | 0.48 | 2.39 |
| Interest coverage | 3.7 | -3.0 | 2.0 | 8.2 | 9.5 | -5.8 |
| Working capital | $170.0M | −$71.6M | −$100.1M | −$276.5M | −$269.0M | $70.3M |
| Invested capital | $2.33B | $1.71B | $1.93B | $1.60B | $751.8M | $960.5M |
| Tangible asset value | $2.05B | $1.54B | $1.46B | $1.18B | $736.5M | $966.7M |
| Net current asset value | −$675.7M | −$576.9M | −$893.3M | −$1.19B | −$604.5M | −$238.3M |
| Graham number | $30.41 | — | $22.96 | $38.44 | — | — |
| Graham net-net per share | −$8.39 | −$8.55 | −$13.53 | −$14.81 | −$7.70 | −$3.31 |
| Capital allocation | ||||||
| Dividends paid | — | — | $0 | $0 | $98.5M | $0 |
| Share buybacks (net) | — | $0 | $4,000 | $0 | $122.4M | $0 |
| Dividend payout ratio | — | — | 0.0% | 0.0% | — | — |
| Dividends + buybacks / free cash flow | — | 0.0% | — | 0.0% | 76.3% | — |
| Capex / revenue | 33.5% | 16.7% | 26.1% | 14.9% | 7.7% | 419.7% |
| Capex / operating cash flow | 123.7% | 85.1% | 156.5% | 71.0% | 19.2% | — |
| Capex / depreciation | 1.89 | 0.46 | 0.86 | 1.91 | 0.70 | 5.70 |
| Stock-based compensation / revenue | 1.4% | 2.7% | 3.5% | 1.9% | 3.4% | 0.0% |
| SG&A / revenue | 13.9% | 39.9% | 35.9% | 16.9% | 19.4% | 49.5% |
| Efficiency | ||||||
| Days sales outstanding | 36.2 | 34.7 | 47.6 | 27.7 | 38.4 | 236.7 |
| Days of inventory on hand | 3.7 | 13.6 | 16.2 | — | 15.5 | 12.0 |
| Days payables outstanding | 41.0 | 84.5 | 100.1 | 164.5 | 81.0 | 36.4 |
| Cash conversion cycle (days) | -1.1 | -36.2 | -36.2 | -136.9 | -27.1 | 212.3 |
| Receivables turnover | 10.07 | 10.52 | 7.66 | 13.20 | 9.51 | 1.54 |
| Payables turnover | 8.89 | 4.32 | 3.65 | 2.22 | 4.51 | 10.03 |
| Inventory turnover | 99.29 | 26.87 | 22.48 | — | 23.50 | 30.35 |
| Asset turnover | 0.33 | 0.25 | 0.27 | 0.77 | 0.60 | 0.09 |
| Average receivables | $88.9M | $57.5M | $96.5M | $125.8M | $93.5M | $79.5M |
| Average payables | $68.8M | $50.4M | $61.2M | $53.6M | $20.5M | $8.7M |
| Average inventory | $6.2M | $8.1M | $9.9M | — | $3.9M | $2.9M |
| Intangibles / total assets | 0.6% | 0.8% | 0.7% | 0.7% | 1.1% | 1.4% |
Computed from BKV's annual financial statements (latest annual report filed March 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BKV valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), BKV traded at 14.5 times earnings. Based on the latest twelve months, the trailing P/E is 8.2 and the forward P/E is 15.8. BKV earned a return on equity of 9.6% and a return on invested capital of 6.6% in fiscal 2025. It ended the year with $486.8 million of debt and $199.4 million in cash and short-term investments, net debt of $287.4 million. The share count rose 10.2% from 84.1M to 92.7M over 5 years.
See the BKV income statement, the BKV chart for price history, or the BKV stock overview for the latest quote and news.
BKV key metrics FAQ
What is BKV's P/E ratio?
BKV's trailing P/E ratio is 8.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 15.8. At the end of fiscal 2025 it was 14.5.
What is BKV's EV/EBITDA?
BKV's enterprise value was 6.8 times EBITDA at the end of fiscal 2025 (enterprise value $2.8 billion, EBITDA $412.0 million); the current EV/EBITDA is 6.5.
What is BKV's return on equity?
BKV's return on equity (ROE) was 9.6% in fiscal 2025: net income of $173.1 million on average shareholders' equity of $1.8 billion.
What is BKV's ROIC?
BKV's return on invested capital was 6.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BKV have?
BKV had total debt of $486.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.24 and $287.4 million of net debt (0.70 times EBITDA).
What is BKV's free cash flow yield?
BKV generated -$57.5 million of free cash flow in fiscal 2025, a free cash flow yield of −2.3% on its market value at year-end ($2.5 billion).
What is BKV's current ratio?
BKV's current ratio was 1.78 at the end of fiscal 2025: current assets were 1.78 times current liabilities.