Kennametal Inc. (KMT) Key Metrics
KMT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.35B
- Enterprise value
- $2.93B
- P/E (TTM)
- 7.0 10-yr median 17.2
- Forward P/E
- 21.4
- PEG ratio
- 1.25
- Price / sales
- 1.0 10-yr median 1.2
- Price / book
- 1.4 10-yr median 1.9
- EV / EBITDA
- 4.6 10-yr median 7.9
- Dividend yield
- 2.60% $0.80 a year
- Beta
- 1.32
KMT key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsKMT valuation Price multiples at each fiscal year-end price.
KMT returns How much profit the business earns on the capital it uses.
KMT per-share figures Results divided by the shares outstanding at year-end.
KMT financial health Debt, liquidity and how easily interest is covered.
KMT efficiency & capital use Working capital cycle and where the cash goes.
KMT valuation history
KMT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KMT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KMT cash returned to shareholders
KMT price vs earnings per share
KMT key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.71B | $1.79B | $1.88B | $2.31B | $1.95B | $3.03B | $2.38B | $3.08B | $2.97B | $3.04B |
| Enterprise value | $3.35B | $2.29B | $2.40B | $2.84B | $2.53B | $3.53B | $2.92B | $3.49B | $3.41B | $3.54B |
| P/E ratio | 7.9 | 19.2 | 17.2 | 19.5 | 13.5 | 55.6 | — | 12.7 | 14.8 | 61.8 |
| Price / sales | 1.2 | 0.9 | 0.9 | 1.1 | 1.0 | 1.6 | 1.3 | 1.3 | 1.3 | 1.5 |
| Price / book | 1.7 | 1.4 | 1.5 | 1.8 | 1.6 | 2.3 | 1.9 | 2.3 | 2.5 | 3.0 |
| Price / free cash flow | — | 15.0 | 11.1 | 14.1 | 23.1 | 28.0 | — | 34.9 | 27.9 | 40.9 |
| Price / operating cash flow | — | 8.6 | 6.8 | 9.0 | 10.7 | 12.9 | 10.7 | 10.3 | 10.7 | 15.8 |
| EV / sales | 1.4 | 1.2 | 1.2 | 1.4 | 1.3 | 1.9 | 1.5 | 1.5 | 1.4 | 1.7 |
| EV / EBITDA | 5.3 | 7.8 | 7.9 | 8.8 | 6.9 | 14.8 | 18.6 | 7.7 | 7.9 | 16.1 |
| EV / free cash flow | — | 19.2 | 14.2 | 17.4 | 29.9 | 32.5 | — | 39.6 | 32.0 | 47.8 |
| Earnings yield | 12.6% | 5.2% | 5.8% | 5.1% | 7.4% | 1.8% | −0.2% | 7.9% | 6.7% | 1.6% |
| Free cash flow yield | −3.0% | 6.7% | 9.0% | 7.1% | 4.3% | 3.6% | −0.9% | 2.9% | 3.6% | 2.4% |
| Dividend yield | 2.2% | 3.5% | 3.4% | 2.8% | 3.4% | 2.2% | 2.8% | 2.1% | 2.2% | 2.1% |
| Shareholder yield (dividends + buybacks) | 2.6% | 6.8% | 6.9% | 4.9% | 7.8% | 2.2% | 2.8% | 2.1% | 2.2% | 2.1% |
| Share price at fiscal year-end | $35.05 | $22.96 | $23.54 | $28.39 | $23.23 | $35.92 | $28.71 | $36.99 | $35.90 | $37.42 |
| Per share | ||||||||||
| Revenue per share | $30.44 | $25.25 | $25.60 | $25.53 | $23.97 | $21.84 | $22.70 | $28.52 | $28.61 | $25.36 |
| Earnings per share | $4.42 | $1.20 | $1.37 | $1.46 | $1.72 | $0.65 | −$0.07 | $2.90 | $2.42 | $0.61 |
| Operating cash flow per share | −$0.05 | $2.67 | $3.47 | $3.17 | $2.16 | $2.79 | $2.69 | $3.61 | $3.35 | $2.37 |
| Free cash flow per share | −$1.05 | $1.53 | $2.12 | $2.01 | $1.01 | $1.29 | −$0.25 | $1.06 | $1.28 | $0.91 |
| Cash per share | $1.24 | $1.80 | $1.60 | $1.30 | $1.02 | $1.83 | $7.31 | $2.19 | $6.72 | $2.35 |
| Book value per share | $20.28 | $16.48 | $15.63 | $15.67 | $14.92 | $15.77 | $14.81 | $16.03 | $14.43 | $12.53 |
| Tangible book value per share | $15.95 | $11.99 | $11.22 | $11.21 | $10.51 | $11.05 | $9.96 | $10.50 | $8.65 | $6.47 |
| Dividends per share | $0.79 | $0.79 | $0.79 | $0.79 | $0.79 | $0.79 | $0.80 | $0.79 | $0.79 | $0.79 |
| Capex per share | $0.99 | $1.14 | $1.35 | $1.16 | $1.15 | $1.51 | $2.94 | $2.55 | $2.07 | $1.45 |
| Debt per share | $9.45 | $8.26 | $8.08 | $7.86 | $7.90 | $7.73 | $13.76 | $7.12 | $11.98 | $8.57 |
| Shares outstanding | 77.4M | 77.9M | 80.0M | 81.4M | 83.9M | 84.3M | 83.0M | 83.3M | 82.8M | 81.2M |
| Change in shares outstanding | −0.6% | −2.6% | −1.8% | −3.0% | −0.5% | +1.5% | −0.3% | +0.6% | +2.0% | +1.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 24.0% | 7.4% | 8.7% | 9.4% | 11.2% | 4.3% | −0.4% | 19.1% | 18.1% | 5.0% |
| Return on invested capital (ROIC) | 18.0% | 6.0% | 7.5% | 8.2% | 8.7% | 5.1% | 0.6% | 15.5% | 14.5% | 4.7% |
| Return on assets (ROA) | 12.0% | 3.7% | 4.3% | 4.6% | 5.5% | 1.9% | −0.2% | 8.7% | 7.5% | 2.1% |
| Return on tangible assets | 12.1% | 4.2% | 5.1% | 5.4% | 6.6% | 2.4% | −0.2% | 11.0% | 8.2% | 2.6% |
| Free cash flow margin | −3.4% | 6.1% | 8.3% | 7.9% | 4.2% | 5.9% | −1.1% | 3.7% | 4.5% | 3.6% |
| Income quality (OCF / net income) | −0.01 | 2.24 | 2.53 | 2.18 | 1.25 | 4.33 | — | 1.24 | 1.39 | 3.91 |
| Financial health | ||||||||||
| Total debt | $731.5M | $643.4M | $645.8M | $639.4M | $663.3M | $651.5M | $1.14B | $592.6M | $991.7M | $695.9M |
| Cash & short-term investments | $95.8M | $140.5M | $128.0M | $106.0M | $85.6M | $154.0M | $606.7M | $182.0M | $556.2M | $190.6M |
| Net debt | $635.7M | $502.8M | $517.8M | $533.4M | $577.7M | $497.4M | $536.4M | $410.6M | $435.6M | $505.3M |
| Debt / equity | 0.47 | 0.50 | 0.52 | 0.50 | 0.53 | 0.49 | 0.93 | 0.44 | 0.83 | 0.68 |
| Debt / assets | 0.23 | 0.25 | 0.26 | 0.25 | 0.26 | 0.24 | 0.38 | 0.22 | 0.34 | 0.29 |
| Net debt / EBITDA | 1.00 | 1.71 | 1.69 | 1.66 | 1.59 | 2.09 | 3.42 | 0.90 | 1.01 | 2.29 |
| Current ratio | 2.62 | 2.46 | 2.41 | 2.37 | 2.11 | 2.30 | 1.60 | 2.58 | 1.74 | 2.41 |
| Quick ratio | 0.98 | 1.19 | 1.17 | 1.08 | 0.93 | 1.21 | 1.02 | 1.34 | 1.15 | 1.36 |
| Interest coverage | 16.5 | 5.7 | 6.4 | 6.8 | 8.4 | 2.2 | 0.6 | 10.0 | 10.2 | 3.9 |
| Working capital | $1.10B | $616.9M | $586.6M | $592.8M | $539.1M | $567.4M | $542.7M | $729.1M | $659.6M | $652.4M |
| Invested capital | $2.21B | $1.79B | $1.77B | $1.81B | $1.83B | $1.83B | $1.77B | $1.75B | $1.63B | $1.52B |
| Tangible asset value | $1.28B | $974.7M | $935.6M | $951.5M | $921.3M | $970.5M | $865.6M | $913.7M | $752.1M | $560.8M |
| Net current asset value | $218.5M | −$181.5M | −$212.6M | −$206.3M | −$257.6M | −$292.7M | −$328.0M | −$90.7M | −$149.2M | −$248.9M |
| Graham number | $44.92 | $21.06 | $21.93 | $22.65 | $24.05 | $15.13 | — | $32.37 | $28.03 | $13.07 |
| Graham net-net per share | −$7.71 | −$7.57 | −$7.54 | −$7.59 | −$8.22 | −$8.04 | −$8.70 | −$6.35 | −$6.96 | −$7.92 |
| Capital allocation | ||||||||||
| Dividends paid | $60.8M | $61.9M | $63.4M | $64.5M | $66.6M | $66.7M | $66.3M | $65.7M | $65.1M | $64.1M |
| Share buybacks (net) | $10.1M | $60.1M | $65.6M | $49.3M | $85.5M | $197,000 | $209,000 | $214,000 | $217,000 | $241,000 |
| Dividend payout ratio | 17.8% | 66.4% | 58.0% | 54.5% | 46.0% | 122.6% | — | 27.2% | 32.5% | 130.5% |
| Dividends + buybacks / free cash flow | — | 102.2% | 76.1% | 69.6% | 180.0% | 61.8% | — | 74.8% | 61.4% | 86.8% |
| Capex / revenue | 3.3% | 4.5% | 5.3% | 4.5% | 4.8% | 6.9% | 13.0% | 8.9% | 7.2% | 5.7% |
| Capex / operating cash flow | — | 42.7% | 38.8% | 36.6% | 53.4% | 54.0% | 109.1% | 70.7% | 61.7% | 61.4% |
| Capex / depreciation | 0.54 | 0.65 | 0.80 | 0.70 | 0.74 | 1.01 | 2.04 | 1.90 | 1.57 | 1.10 |
| Stock-based compensation / revenue | 1.5% | 1.1% | 1.2% | 1.2% | 1.0% | 1.3% | 0.9% | 1.0% | 0.9% | 1.0% |
| R&D / revenue | — | 2.3% | 2.2% | 2.1% | 2.1% | 2.1% | 2.1% | 1.6% | 1.6% | 1.8% |
| SG&A / revenue | — | — | — | — | — | — | — | 20.6% | 22.0% | 23.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 54.5 | 55.5 | 54.4 | 52.9 | 54.3 | 53.6 | 59.8 | 60.0 | 60.2 | 66.6 |
| Days of inventory on hand | 216.7 | 140.4 | 137.8 | 143.8 | 140.1 | 141.4 | 147.3 | 129.7 | 120.4 | 123.3 |
| Days payables outstanding | 74.5 | 51.7 | 50.8 | 55.0 | 54.2 | 48.5 | 50.8 | 51.4 | 52.0 | 51.8 |
| Cash conversion cycle (days) | 196.8 | 144.2 | 141.5 | 141.8 | 140.1 | 146.6 | 156.2 | 138.3 | 128.7 | 138.1 |
| Receivables turnover | 6.70 | 6.58 | 6.71 | 6.90 | 6.73 | 6.81 | 6.10 | 6.08 | 6.06 | 5.48 |
| Payables turnover | 4.90 | 7.07 | 7.19 | 6.64 | 6.73 | 7.53 | 7.18 | 7.10 | 7.02 | 7.04 |
| Inventory turnover | 1.68 | 2.60 | 2.65 | 2.54 | 2.61 | 2.58 | 2.48 | 2.81 | 3.03 | 2.96 |
| Asset turnover | 0.83 | 0.78 | 0.81 | 0.81 | 0.77 | 0.65 | 0.66 | 0.85 | 0.89 | 0.86 |
| Average receivables | $351.9M | $299.1M | $305.1M | $301.3M | $299.1M | $270.5M | $308.9M | $390.6M | $390.9M | $375.7M |
| Average payables | $282.9M | $193.7M | $197.4M | $215.6M | $202.8M | $171.2M | $188.8M | $217.4M | $218.8M | $198.9M |
| Average inventory | $823.3M | $526.4M | $536.1M | $564.2M | $523.6M | $499.4M | $547.0M | $548.5M | $506.6M | $473.3M |
| Intangibles / total assets | 10.6% | 13.7% | 14.1% | 14.2% | 14.4% | 14.9% | 13.3% | 17.4% | 16.3% | 20.4% |
Computed from KMT's annual financial statements (latest annual report filed August 12, 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.
KMT valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Kennametal traded at 7.9 times earnings, against a 10-year median of 17.2. Based on the latest twelve months, the trailing P/E is 7.0 and the forward P/E is 21.4. Kennametal earned a return on equity of 24.0% and a return on invested capital of 18.0% in fiscal 2026. It ended the year with $731.5 million of debt and $95.8 million in cash and short-term investments, net debt of $635.7 million. It returned $71.0 million to shareholders: $60.8 million in dividends and $10.1 million in share buybacks. The share count fell 4.6% from 81.2M to 77.4M over 9 years.
See the KMT income statement, the KMT chart for price history, or the KMT stock overview for the latest quote and news.
KMT key metrics FAQ
What is Kennametal's P/E ratio?
Kennametal's trailing P/E ratio is 7.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.4. At the end of fiscal 2026 it was 7.9, compared with a 10-year median of 17.2.
What is Kennametal's EV/EBITDA?
Kennametal's enterprise value was 5.3 times EBITDA at the end of fiscal 2026 (enterprise value $3.3 billion, EBITDA $633.0 million); the current EV/EBITDA is 4.6.
What is Kennametal's return on equity?
Kennametal's return on equity (ROE) was 24.0% in fiscal 2026: net income of $342.4 million on average shareholders' equity of $1.4 billion.
What is Kennametal's ROIC?
Kennametal's return on invested capital was 18.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Kennametal have?
Kennametal had total debt of $731.5 million at the end of fiscal 2026, a debt-to-equity ratio of 0.47 and $635.7 million of net debt (1.00 times EBITDA).
What is Kennametal's dividend yield?
Kennametal's forward dividend yield is 2.60%. Kennametal paid $60.8 million in dividends in fiscal 2026 ($0.79 per share), a payout ratio of 17.8%.
Does Kennametal buy back its shares?
Yes. Kennametal spent $10.1 million on net share repurchases in fiscal 2026 Shares outstanding changed −0.6% over the year, to 77.4M..
What is Kennametal's free cash flow yield?
Kennametal generated -$80.9 million of free cash flow in fiscal 2026, a free cash flow yield of −3.0% on its market value at year-end ($2.7 billion).
What is Kennametal's current ratio?
Kennametal's current ratio was 2.62 at the end of fiscal 2026: current assets were 2.62 times current liabilities.