Latest Ratios: P/E Ratio 12.6x · EV/EBITDA 11.0x · ROE 5.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $2.5B | $4.3B | $3.1B | $3.1B | $3.8B | $5.1B | $5.2B | $3.9B | $3.6B | $2.3B |
| Enterprise Value | $2.6B | $3.4B | $5.6B | $4.4B | $4.3B | $4.8B | $6.1B | $5.8B | $4.7B | $4.1B | $2.9B |
| P/E Ratio → | 12.58 | 17.70 | 13.53 | — | — | — | 12.51 | 9.74 | 20.49 | 29.57 | 134.24 |
| P/S Ratio | 0.35 | 0.53 | 0.93 | 0.63 | 0.58 | 0.67 | 0.99 | 1.03 | 1.06 | 1.33 | 0.90 |
| P/B Ratio | 0.68 | 0.95 | 1.55 | 1.24 | 1.29 | 0.94 | 1.12 | 1.30 | 1.28 | 1.68 | 1.15 |
| P/FCF | 3.06 | 4.58 | 13.05 | — | — | 12.90 | 12.99 | 11.45 | 8.22 | 17.33 | 10.18 |
| P/OCF | 2.90 | 4.34 | 11.24 | — | — | 10.77 | 11.44 | 9.65 | 7.22 | 14.77 | 9.43 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.71 | 1.22 | 0.90 | 0.79 | 0.85 | 1.18 | 1.16 | 1.28 | 1.54 | 1.15 |
| EV / EBITDA | 10.96 | 14.54 | 12.73 | — | — | — | 10.78 | 8.01 | 12.76 | 22.87 | 126.29 |
| EV / EBIT | 16.02 | 17.15 | 12.64 | — | — | — | 11.16 | 8.24 | 19.52 | 20.92 | 60.64 |
| EV / FCF | — | 6.17 | 17.07 | — | — | 16.22 | 15.44 | 12.88 | 9.97 | 19.99 | 13.03 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.7% | 29.7% | 12.7% | 22.8% | -3.9% | 6.3% | 22.4% | 23.7% | 20.8% | 16.5% | 14.2% |
| Operating Margin | 3.3% | 3.3% | 8.4% | -7.0% | -6.8% | -4.4% | 9.8% | 13.2% | 5.4% | 6.0% | 0.1% |
| Net Profit Margin | 3.0% | 3.0% | 6.9% | -5.5% | -5.3% | -2.2% | 7.9% | 10.6% | 5.2% | 4.5% | 0.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.3% | 5.3% | 12.0% | -11.0% | -8.9% | -2.9% | 9.6% | 15.1% | 7.4% | 5.9% | 0.8% |
| ROA | 1.1% | 1.1% | 2.5% | -2.1% | -2.0% | -0.8% | 3.0% | 4.3% | 1.9% | 1.5% | 0.2% |
| ROIC | 3.1% | 3.1% | 7.3% | -7.0% | -6.5% | -3.6% | 7.5% | 11.7% | 4.6% | 4.6% | 0.1% |
| ROCE | 1.3% | 1.3% | 3.1% | -2.7% | -2.7% | -1.7% | 3.7% | 5.4% | 2.8% | 2.9% | 0.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.50 | 0.55 | 0.57 | 0.28 | 0.26 | 0.20 | 0.30 | 0.28 | 0.38 |
| Debt / EBITDA | 4.28 | 4.28 | 3.15 | — | — | — | 2.08 | 1.07 | 2.45 | 3.30 | 32.68 |
| Net Debt / Equity | — | 0.33 | 0.48 | 0.53 | 0.48 | 0.24 | 0.21 | 0.16 | 0.27 | 0.26 | 0.32 |
| Net Debt / EBITDA | 3.74 | 3.74 | 3.00 | — | — | — | 1.71 | 0.89 | 2.25 | 3.05 | 27.65 |
| Debt / FCF | — | 1.59 | 4.02 | — | — | 3.32 | 2.45 | 1.42 | 1.76 | 2.67 | 2.85 |
| Interest Coverage | 5.17 | 5.17 | 7.83 | -5.19 | -5.78 | -4.72 | 15.17 | 16.57 | 5.59 | 5.62 | 1.08 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | 4.13 | — | — | — | 18.01 | 1.25 | 16.86 |
| Quick Ratio | — | — | — | — | 4.13 | — | — | — | 21.99 | 1.45 | 19.75 |
| Cash Ratio | — | — | — | — | 44.07 | — | — | — | 15.13 | 1.13 | 15.33 |
| Asset Turnover | — | 0.38 | 0.37 | 0.39 | 0.41 | 0.38 | 0.36 | 0.39 | 0.32 | 0.32 | 0.31 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.4% | 3.1% | 1.9% | 2.6% | 2.5% | 2.1% | 1.5% | 1.3% | 1.4% | 1.4% | 2.2% |
| Payout Ratio | 55.5% | 55.5% | 25.2% | — | — | — | 19.2% | 12.8% | 29.7% | 40.9% | 292.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.0% | 5.6% | 7.4% | — | — | — | 8.0% | 10.3% | 4.9% | 3.4% | 0.7% |
| FCF Yield | 32.7% | 21.8% | 7.7% | — | — | 7.8% | 7.7% | 8.7% | 12.2% | 5.8% | 9.8% |
| Buyback Yield | 17.8% | 11.9% | 0.9% | 0.0% | 0.2% | 4.3% | 2.2% | 0.0% | 0.0% | 0.0% | 0.2% |
| Total Shareholder Yield | 22.2% | 15.0% | 2.8% | 2.6% | 2.7% | 6.4% | 3.7% | 1.3% | 1.4% | 1.4% | 2.3% |
| Shares Outstanding | — | $63M | $65M | $64M | $64M | $64M | $67M | $67M | $59M | $52M | $51M |
Underwriting margin volatility
As reported in recent financial statements, Kemper trades at a P/B of 0.63, a valuation level that suggests the market is heavily discounting the firm's book value due to persistent underwriting losses and the ongoing strategic restructuring of its core specialty insurance segments.
The current P/B multiple significantly below parity indicates that investors are skeptical of the company's ability to generate a return on equity that exceeds its cost of capital. This discount appears to be a direct response to the volatility in the combined ratio, which has prevented the firm from achieving the consistent profitability required to justify a higher valuation multiple.
Based on the provided quarterly data, Kemper's combined ratio reached 100.7% in 2026Q1, confirming that the company is currently operating at an underwriting loss as claim costs continue to outpace the premium adjustments implemented across its specialty property and casualty insurance portfolio.
The trajectory of the combined ratio, which has hovered near or above the 100% threshold, suggests that the firm's pricing power is currently insufficient to offset inflationary pressures in loss severity. This trend warrants further investigation into whether the strategic exit from the Preferred P&C segment will eventually stabilize the loss ratio or if deeper structural issues remain.
According to recent financial disclosures, Kemper's D/E ratio of 0.38 in 2025Q4 reflects a conservative leverage profile that appears increasingly strained as the company's equity base contracts due to sustained underwriting losses and the costs associated with its ongoing strategic business transition.
While the D/E ratio remains relatively low, the shrinking equity base suggests that the company's capacity to absorb further underwriting shocks is diminishing. Investors should monitor whether this leverage profile remains sustainable if the firm continues to report negative ROE, as capital adequacy may become a limiting factor for future growth.
As noted in industry research, the P/E ratio is frequently misapplied to Kemper, as it obscures the underlying volatility of underwriting results and the impact of reserve development, which can lead to misleading conclusions about the firm's true earnings power during periods of strategic restructuring.
For an insurer like Kemper, the P/E ratio is often distorted by non-recurring items and the cyclical nature of catastrophe losses, making it a poor proxy for operational health. Analysts should instead prioritize the combined ratio and P/B as more reliable indicators of the firm's long-term franchise value and underwriting discipline.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying KMPR stock.
Kemper Corporation's current P/E ratio is 12.6x. The historical average is 20.2x. This places it at the 36th percentile of its historical range.
Kemper Corporation's current EV/EBITDA is 11.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.3x.
Kemper Corporation's return on equity (ROE) is 5.3%. The historical average is 7.2%.
Based on historical data, Kemper Corporation is trading at a P/E of 12.6x. This is at the 36th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kemper Corporation's current dividend yield is 4.41% with a payout ratio of 55.5%.
Kemper Corporation has 29.7% gross margin and 3.3% operating margin.
Kemper Corporation's Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.