Kinross Gold Corporation (KGC) Key Metrics
KGC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $28.49B
- Enterprise value
- $32.26B
- P/E (TTM)
- 9.1 10-yr median 12.2
- Forward P/E
- 10.6
- PEG ratio
- 1.12
- Price / sales
- 3.4 10-yr median 1.7
- Price / book
- 3.5 10-yr median 1.1
- EV / EBITDA
- 5.8 10-yr median 5.3
- Dividend yield
- 0.67% $0.16 a year
- Beta
- 1.52
KGC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKGC valuation Price multiples at each fiscal year-end price.
KGC returns How much profit the business earns on the capital it uses.
KGC per-share figures Results divided by the shares outstanding at year-end.
KGC financial health Debt, liquidity and how easily interest is covered.
KGC efficiency & capital use Working capital cycle and where the cash goes.
KGC valuation history
KGC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KGC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KGC cash returned to shareholders
KGC price vs earnings per share
KGC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $34.48B | $11.44B | $7.48B | $5.24B | $7.37B | $9.31B | $5.98B | $4.05B | $5.43B | $3.82B |
| Enterprise value | $33.51B | $12.27B | $9.37B | $7.45B | $8.51B | $10.08B | $7.30B | $5.42B | $6.14B | $4.72B |
| P/E ratio | 14.2 | 12.1 | 18.0 | — | 33.3 | 6.9 | 8.3 | — | 12.2 | — |
| Price / sales | 4.8 | 2.2 | 1.8 | 1.5 | 2.8 | 2.2 | 1.7 | 1.3 | 1.6 | 1.1 |
| Price / book | 4.0 | 1.7 | 1.2 | 0.9 | 1.1 | 1.4 | 1.1 | 0.9 | 1.2 | 0.9 |
| Price / free cash flow | 13.4 | 8.3 | 14.8 | 21.6 | 50.7 | 9.4 | 36.3 | — | 100.6 | 8.2 |
| Price / operating cash flow | 9.2 | 4.7 | 4.7 | 5.0 | 6.5 | 4.8 | 4.9 | 5.1 | 5.7 | 3.5 |
| EV / sales | 4.7 | 2.4 | 2.2 | 2.2 | 3.3 | 2.4 | 2.1 | 1.7 | 1.9 | 1.4 |
| EV / EBITDA | 7.5 | 4.6 | 5.3 | 7.8 | 10.0 | 3.6 | 4.0 | 5.8 | 4.6 | 5.3 |
| EV / free cash flow | 13.1 | 9.0 | 18.5 | 30.8 | 58.5 | 10.1 | 44.3 | — | 113.6 | 10.1 |
| Earnings yield | 7.1% | 8.3% | 5.6% | −11.6% | 3.0% | 14.4% | 12.0% | −0.6% | 8.2% | −2.7% |
| Free cash flow yield | 7.4% | 12.0% | 6.8% | 4.6% | 2.0% | 10.7% | 2.8% | −6.3% | 1.0% | 12.2% |
| Dividend yield | 0.4% | 1.3% | 2.0% | 2.9% | 2.0% | 0.8% | 1.3% | 1.9% | 1.4% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.2% | 1.3% | 5.2% | 8.7% | 3.4% | 0.8% | 1.3% | 1.9% | 1.4% | 0.0% |
| Share price at fiscal year-end | $28.16 | $9.27 | $6.05 | $4.09 | $5.81 | $7.34 | $4.74 | $3.24 | $4.32 | $3.11 |
| Per share | ||||||||||
| Revenue per share | $5.86 | $4.17 | $3.43 | $2.70 | $2.05 | $3.32 | $2.77 | $2.57 | $2.63 | $2.83 |
| Earnings per share | $1.99 | $0.77 | $0.34 | −$0.47 | $0.17 | $1.06 | $0.57 | −$0.02 | $0.35 | −$0.08 |
| Operating cash flow per share | $3.07 | $1.98 | $1.30 | $0.82 | $0.89 | $1.54 | $0.97 | $0.63 | $0.76 | $0.90 |
| Free cash flow per share | $2.10 | $1.11 | $0.41 | $0.19 | $0.11 | $0.78 | $0.13 | −$0.20 | $0.04 | $0.38 |
| Cash per share | $1.43 | $0.50 | $0.29 | $0.33 | $0.43 | $0.97 | $0.46 | $0.29 | $0.82 | $0.67 |
| Book value per share | $6.99 | $5.55 | $4.89 | $4.55 | $5.18 | $5.20 | $4.22 | $3.61 | $3.67 | $3.41 |
| Tangible book value per share | $6.99 | $5.55 | $4.89 | $4.55 | $4.93 | $4.95 | $3.97 | $3.35 | $3.42 | $3.14 |
| Dividends per share | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 |
| Capex per share | $0.98 | $0.87 | $0.89 | $0.63 | $0.78 | $0.76 | $0.84 | $0.84 | $0.71 | $0.52 |
| Debt per share | $0.63 | $1.18 | $1.82 | $2.06 | $1.33 | $1.58 | $1.50 | $1.39 | $1.38 | $1.41 |
| Shares outstanding | 1.22B | 1.23B | 1.24B | 1.28B | 1.27B | 1.27B | 1.26B | 1.25B | 1.26B | 1.23B |
| Change in shares outstanding | −0.8% | −0.2% | −3.4% | +0.9% | +0.1% | +0.5% | +1.0% | −0.6% | +2.4% | +7.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 31.5% | 14.7% | 7.0% | −9.8% | 3.4% | 22.5% | 14.6% | −0.5% | 10.1% | −2.6% |
| Return on invested capital (ROIC) | 31.4% | 13.2% | 5.9% | 0.7% | 0.5% | 20.5% | 11.8% | 1.8% | 6.5% | 0.7% |
| Return on assets (ROA) | 20.9% | 8.9% | 4.0% | −5.8% | 2.1% | 13.4% | 8.4% | −0.3% | 5.5% | −1.3% |
| Return on tangible assets | 19.6% | 8.7% | 4.0% | −5.8% | 2.2% | 12.6% | 8.2% | −0.3% | 5.7% | −1.4% |
| Free cash flow margin | 35.8% | 26.6% | 12.0% | 7.0% | 5.6% | 23.6% | 4.7% | −7.9% | 1.6% | 13.4% |
| Income quality (OCF / net income) | 1.55 | 2.58 | 3.86 | — | 5.13 | 1.46 | 1.70 | — | 2.14 | — |
| Financial health | ||||||||||
| Total debt | $777.4M | $1.45B | $2.25B | $2.64B | $1.68B | $2.00B | $1.89B | $1.74B | $1.73B | $1.73B |
| Cash & short-term investments | $1.75B | $621.3M | $360.3M | $428.0M | $542.2M | $1.22B | $575.1M | $365.5M | $1.03B | $827.0M |
| Net debt | −$975.2M | $830.3M | $1.89B | $2.21B | $1.14B | $774.0M | $1.32B | $1.37B | $706.8M | $906.2M |
| Debt / equity | 0.09 | 0.21 | 0.37 | 0.45 | 0.26 | 0.30 | 0.35 | 0.38 | 0.38 | 0.41 |
| Debt / assets | 0.06 | 0.13 | 0.21 | 0.25 | 0.16 | 0.18 | 0.21 | 0.22 | 0.21 | 0.22 |
| Net debt / EBITDA | −0.22 | 0.31 | 1.07 | 2.31 | 1.34 | 0.28 | 0.73 | 1.46 | 0.53 | 1.01 |
| Current ratio | 2.35 | 1.91 | 2.47 | 2.30 | 2.63 | 1.82 | 2.96 | 2.61 | 3.90 | 3.26 |
| Quick ratio | 1.37 | 0.74 | 0.79 | 0.87 | 1.08 | 1.02 | 1.25 | 0.89 | 2.03 | 1.72 |
| Interest coverage | 37.2 | 30.5 | 11.6 | 1.7 | 1.0 | 21.2 | 12.9 | 2.8 | 3.9 | 0.5 |
| Working capital | $1.89B | $966.0M | $1.00B | $974.9M | $1.21B | $1.10B | $1.21B | $985.5M | $1.70B | $1.44B |
| Invested capital | $7.59B | $7.69B | $7.94B | $8.03B | $7.71B | $7.37B | $6.65B | $5.88B | $5.33B | $5.09B |
| Tangible asset value | $8.68B | $7.00B | $6.15B | $5.88B | $6.32B | $6.35B | $5.01B | $4.20B | $4.29B | $3.86B |
| Net current asset value | −$427.7M | −$1.84B | −$2.65B | −$2.79B | −$1.83B | −$1.82B | −$1.92B | −$1.94B | −$1.25B | −$1.71B |
| Graham number | $17.67 | $9.80 | $6.09 | — | $4.51 | $11.13 | $7.36 | — | $5.41 | — |
| Graham net-net per share | −$0.99 | −$2.09 | −$2.72 | −$2.71 | −$2.04 | −$1.93 | −$1.99 | −$2.04 | −$1.50 | −$1.89 |
| Capital allocation | ||||||||||
| Dividends paid | $152.1M | $147.5M | $147.3M | $154.0M | $151.1M | $75.5M | $75.5M | $75.5M | $75.5M | $0 |
| Share buybacks (net) | $600.3M | $0 | $240.6M | $300.8M | $100.2M | $0 | — | $0 | $0 | $0 |
| Dividend payout ratio | 6.3% | 15.5% | 35.4% | — | 68.3% | 5.6% | 10.5% | — | 17.0% | — |
| Dividends + buybacks / free cash flow | 29.3% | 10.8% | 76.5% | 187.8% | 172.7% | 7.6% | 45.8% | — | 139.8% | 0.0% |
| Capex / revenue | 16.6% | 20.9% | 25.9% | 23.4% | 38.1% | 22.9% | 30.3% | 32.5% | 27.2% | 18.3% |
| Capex / operating cash flow | 31.8% | 44.0% | 68.4% | 76.9% | 87.2% | 49.2% | 86.6% | 132.3% | 94.3% | 57.7% |
| Capex / depreciation | 1.08 | 0.94 | 1.11 | 1.03 | 1.31 | 9.96 | 1.38 | 1.39 | 1.10 | 0.74 |
| Stock-based compensation / revenue | 0.2% | 0.2% | 0.2% | 0.3% | 0.4% | 0.3% | 0.4% | 0.5% | 0.4% | 0.4% |
| R&D / revenue | — | — | — | — | — | — | 3.2% | 3.4% | 3.2% | 2.7% |
| SG&A / revenue | 1.9% | 6.3% | 2.6% | 3.8% | 4.4% | 2.8% | 3.9% | 4.1% | 4.0% | 4.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 3.3 | 3.3 | 6.3 | 10.0 | 12.2 | 11.2 | 15.9 | 13.4 | 17.1 | 20.3 |
| Days of inventory on hand | 126.4 | 133.3 | 131.5 | 137.9 | 197.1 | 202.5 | 178.9 | 148.8 | 146.2 | 122.1 |
| Days payables outstanding | 10.3 | 11.0 | 13.8 | 12.8 | 15.7 | 53.2 | 47.4 | 11.5 | 11.5 | 9.9 |
| Cash conversion cycle (days) | 119.3 | 125.7 | 124.0 | 135.1 | 193.6 | 160.5 | 147.3 | 150.6 | 151.8 | 132.5 |
| Receivables turnover | 110.79 | 110.34 | 57.60 | 36.57 | 29.85 | 32.66 | 22.98 | 27.31 | 21.30 | 17.94 |
| Payables turnover | 35.37 | 33.21 | 26.53 | 28.44 | 23.29 | 6.87 | 7.69 | 31.63 | 31.65 | 36.77 |
| Inventory turnover | 2.89 | 2.74 | 2.78 | 2.65 | 1.85 | 1.80 | 2.04 | 2.45 | 2.50 | 2.99 |
| Asset turnover | 0.62 | 0.48 | 0.41 | 0.33 | 0.24 | 0.42 | 0.41 | 0.40 | 0.41 | 0.44 |
| Average receivables | $64.8M | $46.7M | $73.6M | $94.5M | $87.1M | $129.0M | $152.2M | $117.7M | $155.1M | $193.5M |
| Average payables | $106.6M | $98.5M | $116.1M | $103.4M | $88.4M | $279.2M | $279.2M | $83.2M | $82.1M | $81.0M |
| Average inventory | $1.31B | $1.19B | $1.11B | $1.11B | $1.11B | $1.06B | $1.05B | $1.07B | $1.04B | $996.0M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 3.0% | 2.9% | 3.5% | 4.0% | 4.0% | 4.1% |
Computed from KGC's annual financial statements (latest annual report filed March 26, 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.
KGC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Kinross Gold traded at 14.2 times earnings, against a 10-year median of 12.2. Based on the latest twelve months, the trailing P/E is 9.1 and the forward P/E is 10.6. Kinross Gold earned a return on equity of 31.5% and a return on invested capital of 31.4% in fiscal 2025. It ended the year with $777.4 million of debt and $1.8 billion in cash and short-term investments, a net cash position of $975.2 million. It returned $752.4 million to shareholders: $152.1 million in dividends and $600.3 million in share buybacks, 29% of free cash flow.
See the KGC income statement, the KGC chart for price history, or the KGC stock overview for the latest quote and news.
KGC key metrics FAQ
What is Kinross Gold's P/E ratio?
Kinross Gold's trailing P/E ratio is 9.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.6. At the end of fiscal 2025 it was 14.2, compared with a 10-year median of 12.2.
What is Kinross Gold's EV/EBITDA?
Kinross Gold's enterprise value was 7.5 times EBITDA at the end of fiscal 2025 (enterprise value $33.5 billion, EBITDA $4.4 billion); the current EV/EBITDA is 5.8.
What is Kinross Gold's return on equity?
Kinross Gold's return on equity (ROE) was 31.5% in fiscal 2025: net income of $2.4 billion on average shareholders' equity of $7.7 billion.
What is Kinross Gold's ROIC?
Kinross Gold's return on invested capital was 31.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Kinross Gold have?
Kinross Gold had total debt of $777.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.09 and more cash than debt.
What is Kinross Gold's dividend yield?
Kinross Gold's forward dividend yield is 0.67%. Kinross Gold paid $152.1 million in dividends in fiscal 2025 ($0.12 per share), a payout ratio of 6.3%.
Does Kinross Gold buy back its shares?
Yes. Kinross Gold spent $600.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.8% over the year, to 1.22B..
What is Kinross Gold's free cash flow yield?
Kinross Gold generated $2.6 billion of free cash flow in fiscal 2025, a free cash flow yield of 7.4% on its market value at year-end ($34.5 billion).
What is Kinross Gold's current ratio?
Kinross Gold's current ratio was 2.35 at the end of fiscal 2025: current assets were 2.35 times current liabilities.