Latest Ratios: P/E Ratio 22.3x · EV/EBITDA 46.8x · ROE 3.5%. (2003–2025 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 | $590M | $405M | $384M | $457M | $788M | $985M | $684M | $1.2B | $1.1B | $1.3B | $1.1B |
| Enterprise Value | $1.7B | $1.5B | $1.9B | $1.9B | $1.6B | $1.6B | $1.7B | $2.5B | $2.2B | $2.0B | $1.5B |
| P/E Ratio → | 22.31 | 15.38 | — | 11.19 | 11.69 | 15.52 | 14.87 | 28.89 | 56.04 | 67.50 | 69.89 |
| P/S Ratio | 1.72 | 1.18 | 1.17 | 1.54 | 3.28 | 3.85 | 2.71 | 4.83 | 6.02 | 8.36 | 8.19 |
| P/B Ratio | 0.79 | 0.54 | 0.51 | 0.53 | 0.88 | 0.94 | 0.63 | 1.07 | 0.88 | 1.19 | 0.98 |
| P/FCF | 27.57 | 18.94 | 9.01 | 6.70 | 10.05 | 14.07 | 51.21 | 36.84 | 30.18 | 36.45 | 30.49 |
| P/OCF | 23.81 | 16.36 | 8.73 | 6.57 | 9.69 | 13.06 | 35.42 | 31.04 | 24.65 | 32.63 | 28.78 |
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 | — | 4.35 | 5.90 | 6.39 | 6.61 | 6.26 | 6.63 | 9.94 | 11.81 | 13.20 | 11.21 |
| EV / EBITDA | 46.79 | 41.65 | — | 32.27 | 16.04 | 17.55 | 26.59 | 40.53 | 58.03 | 65.29 | 59.89 |
| EV / EBIT | 54.16 | 48.21 | — | 36.14 | 17.19 | 18.97 | 29.28 | 44.48 | 64.16 | 72.39 | 68.25 |
| EV / FCF | — | 69.87 | 45.28 | 27.76 | 20.26 | 22.91 | 125.45 | 75.88 | 59.23 | 57.55 | 41.71 |
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 | 44.1% | 44.1% | 41.1% | 59.4% | 90.8% | 81.0% | 65.2% | 65.9% | 71.4% | 72.1% | 69.0% |
| Operating Margin | 9.0% | 9.0% | -24.7% | 17.7% | 38.4% | 33.0% | 22.6% | 22.3% | 18.4% | 18.2% | 16.4% |
| Net Profit Margin | 7.6% | 7.6% | -26.5% | 13.8% | 28.1% | 24.7% | 17.8% | 16.8% | 10.6% | 12.4% | 11.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | -10.7% | 4.6% | 7.0% | 5.9% | 4.1% | 3.5% | 1.7% | 1.7% | 1.4% |
| ROA | 0.3% | 0.3% | -1.1% | 0.5% | 0.9% | 0.9% | 0.7% | 0.6% | 0.3% | 0.4% | 0.4% |
| ROIC | 1.1% | 1.1% | -2.6% | 1.9% | 3.9% | 3.2% | 1.8% | 1.7% | 1.2% | 1.1% | 1.0% |
| ROCE | 1.5% | 1.5% | -3.5% | 2.7% | 5.4% | 4.1% | 2.4% | 2.2% | 1.5% | 1.5% | 1.3% |
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 | 1.68 | 1.68 | 2.14 | 1.73 | 1.01 | 0.66 | 1.08 | 1.17 | 0.94 | 0.76 | 0.54 |
| Debt / EBITDA | 35.02 | 35.02 | — | 25.68 | 9.10 | 7.51 | 18.60 | 21.49 | 31.89 | 26.52 | 23.85 |
| Net Debt / Equity | — | 1.46 | 2.05 | 1.65 | 0.89 | 0.59 | 0.92 | 1.14 | 0.84 | 0.69 | 0.36 |
| Net Debt / EBITDA | 30.36 | 30.36 | — | 24.48 | 8.08 | 6.77 | 15.73 | 20.85 | 28.46 | 23.94 | 16.12 |
| Debt / FCF | — | 50.93 | 36.27 | 21.06 | 10.20 | 8.83 | 74.24 | 39.04 | 29.05 | 21.10 | 11.23 |
| Interest Coverage | 0.16 | 0.16 | -0.43 | 0.44 | 3.11 | 1.69 | 0.68 | 0.68 | 0.68 | 0.75 | 0.71 |
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 | 1.20 | 1.20 | 0.22 | 0.23 | 0.24 | 0.32 | 0.36 | 0.19 | 0.21 | 0.24 | 0.22 |
| Quick Ratio | 1.20 | 1.20 | 0.22 | 0.23 | 0.24 | 0.32 | 0.36 | 0.19 | 0.21 | 0.24 | 0.22 |
| Cash Ratio | 0.03 | 0.03 | 0.01 | 0.01 | 0.02 | 0.01 | 0.04 | 0.01 | 0.03 | 0.03 | 0.07 |
| Asset Turnover | — | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 |
| 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 | 4.7% | 6.8% | 7.2% | 6.2% | 3.9% | 2.9% | 3.5% | 2.9% | 1.8% | 0.7% | 0.6% |
| Payout Ratio | 106.0% | 106.0% | — | 69.8% | 45.4% | 45.3% | 53.6% | 82.5% | 104.9% | 44.5% | 45.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 6.5% | — | 8.9% | 8.6% | 6.4% | 6.7% | 3.5% | 1.8% | 1.5% | 1.4% |
| FCF Yield | 3.6% | 5.3% | 11.1% | 14.9% | 9.9% | 7.1% | 2.0% | 2.7% | 3.3% | 2.7% | 3.3% |
| Buyback Yield | 0.1% | 0.1% | 3.1% | 6.1% | 16.6% | 12.2% | 10.4% | 11.8% | 13.0% | 10.0% | 2.0% |
| Total Shareholder Yield | 4.8% | 6.9% | 10.2% | 12.4% | 20.5% | 15.1% | 13.9% | 14.7% | 14.8% | 10.7% | 2.6% |
| Shares Outstanding | — | $63M | $62M | $65M | $71M | $82M | $84M | $91M | $83M | $85M | $90M |
NYC multi-family concentration
With a P/B ratio of 0.78, Kearny Financial trades at a significant discount to its tangible book value, suggesting that investors remain skeptical of the bank's ability to generate a return on equity that exceeds its cost of capital in the current interest rate environment.
The current valuation implies that the market views the bank as a commodity balance sheet rather than a premium franchise, likely due to the persistent margin compression and geographic concentration. Investors should monitor whether the bank's capital return strategy can bridge the gap between current market pricing and the underlying tangible book value per share.
According to recent quarterly data, KRNY's ROE has languished at approximately 1.3% throughout 2026, a figure that highlights the severe impact of compressed net interest margins and the bank's inability to leverage its capital base effectively to drive meaningful bottom-line growth for shareholders.
The decomposition of profitability suggests that the bank's reliance on interest-earning assets is currently failing to offset the rising cost of funding. Without a significant expansion in non-interest income or a reduction in the efficiency ratio, the bank's return on equity will likely remain constrained by its current asset-liability mismatch.
Based on financial statements, the net interest margin has remained stagnant at 0.5% through 2026, indicating that the bank's funding costs are rising in lockstep with asset yields, thereby preventing any meaningful expansion in the spread required to drive core profitability improvements for the institution.
While the efficiency ratio has stabilized near 37.9%, this metric may be masking the underlying difficulty of managing a high fixed-cost branch network in a low-margin environment. The bank's inability to widen its NIM suggests that management's current pricing power is limited by intense competition for deposits in the New York metropolitan area.
As reported in recent filings, KRNY maintains a consistent equity-to-assets ratio of 0.10, which provides a robust capital buffer that serves as a defensive mechanism against potential credit volatility within its concentrated multi-family and commercial real estate loan portfolios in the New York region.
This capital adequacy position appears to be a strategic choice, allowing the bank to absorb localized shocks without compromising its lending posture. However, investors should consider whether this excess capital is being deployed efficiently or if it is merely acting as a drag on the bank's overall return on equity.
The P/E ratio is frequently misapplied to KRNY, as it obscures the volatility caused by periodic loan loss provisions and the accounting impact of the bank's mutual-to-stock conversion, which can lead to distorted earnings figures that do not accurately reflect the bank's core operational performance.
Investors should prioritize P/TBV over P/E, as the latter is highly sensitive to non-recurring charges and the bank's specific capital structure. Relying on P/E ignores the reality that the bank's value is primarily derived from its tangible capital base and its ability to manage interest rate risk rather than its short-term earnings trajectory.
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying KRNY stock.
Kearny Financial Corp.'s current P/E ratio is 22.3x. The historical average is 71.3x. This places it at the 26th percentile of its historical range.
Kearny Financial Corp.'s current EV/EBITDA is 46.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 49.4x.
Kearny Financial Corp.'s return on equity (ROE) is 3.5%. The historical average is 2.0%.
Based on historical data, Kearny Financial Corp. is trading at a P/E of 22.3x. This is at the 26th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kearny Financial Corp.'s current dividend yield is 4.70% with a payout ratio of 106.0%.
Kearny Financial Corp. has 44.1% gross margin and 9.0% operating margin.
Kearny Financial Corp.'s Debt/EBITDA ratio is 35.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.