Latest Ratios: P/E Ratio 7.1x · EV/EBITDA 6.9x · ROE 6.9%. (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 | $1.9B | $2.0B | $1.5B | $2.9B | $3.8B | $8.9B | $6.8B | $6.8B | $11.0B | $10.7B | $7.0B |
| Enterprise Value | $8.4B | $8.5B | $8.5B | $10.1B | $11.2B | $14.1B | $11.3B | $12.2B | $13.6B | $13.9B | $10.5B |
| P/E Ratio → | 7.07 | 7.37 | 13.62 | 9.23 | — | 9.49 | — | 9.78 | 13.75 | 12.40 | 12.54 |
| P/S Ratio | 0.12 | 0.13 | 0.09 | 0.17 | 0.21 | 0.46 | 0.43 | 0.34 | 0.54 | 0.53 | 0.35 |
| P/B Ratio | 0.48 | 0.50 | 0.39 | 0.75 | 1.00 | 1.91 | 1.31 | 1.24 | 1.99 | 1.97 | 1.35 |
| P/FCF | 1.70 | 1.82 | 8.13 | 4.96 | — | 5.34 | 6.76 | 8.42 | 7.20 | 10.46 | 5.06 |
| P/OCF | 1.27 | 1.36 | 2.28 | 2.51 | 13.40 | 3.92 | 5.07 | 4.08 | 5.22 | 6.31 | 3.25 |
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 | — | 0.55 | 0.52 | 0.58 | 0.62 | 0.73 | 0.71 | 0.61 | 0.67 | 0.69 | 0.53 |
| EV / EBITDA | 6.94 | 7.04 | 6.79 | 6.91 | 10.62 | 5.60 | 18.39 | 6.03 | 5.84 | 5.76 | 4.96 |
| EV / EBIT | 16.46 | 13.65 | 19.64 | 14.12 | 45.50 | 9.53 | — | 10.97 | 10.45 | 9.79 | 8.89 |
| EV / FCF | — | 7.72 | 46.73 | 17.13 | — | 8.46 | 11.21 | 15.16 | 8.87 | 13.61 | 7.62 |
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 | 40.6% | 40.6% | 40.4% | 39.9% | 36.7% | 41.1% | 35.1% | 39.2% | 39.7% | 39.4% | 39.3% |
| Operating Margin | 3.3% | 3.3% | 3.1% | 4.1% | 1.4% | 8.6% | -1.6% | 5.5% | 6.7% | 7.1% | 6.0% |
| Net Profit Margin | 1.8% | 1.8% | 0.7% | 1.8% | -0.1% | 4.8% | -1.0% | 3.5% | 4.0% | 4.3% | 2.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.9% | 6.9% | 2.8% | 8.3% | -0.5% | 19.0% | -3.1% | 12.6% | 14.6% | 16.2% | 10.4% |
| ROA | 2.0% | 2.0% | 0.8% | 2.2% | -0.1% | 6.2% | -1.1% | 5.1% | 6.2% | 6.4% | 4.1% |
| ROIC | 3.6% | 3.6% | 3.5% | 4.8% | 1.8% | 12.9% | -1.9% | 8.7% | 12.2% | 12.2% | 9.7% |
| ROCE | 4.8% | 4.8% | 4.7% | 6.3% | 2.1% | 14.0% | -2.2% | 10.2% | 13.3% | 13.3% | 11.0% |
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 | 1.64 | 1.64 | 1.88 | 1.89 | 2.01 | 1.46 | 1.30 | 1.12 | 0.63 | 0.83 | 0.89 |
| Debt / EBITDA | 5.48 | 5.48 | 5.72 | 5.03 | 7.18 | 2.69 | 11.01 | 3.04 | 1.50 | 1.88 | 2.17 |
| Net Debt / Equity | — | 1.61 | 1.85 | 1.85 | 1.97 | 1.12 | 0.86 | 0.99 | 0.46 | 0.59 | 0.68 |
| Net Debt / EBITDA | 5.38 | 5.38 | 5.61 | 4.91 | 7.03 | 2.06 | 7.30 | 2.68 | 1.10 | 1.33 | 1.67 |
| Debt / FCF | — | 5.90 | 38.60 | 12.17 | — | 3.12 | 4.45 | 6.73 | 1.68 | 3.15 | 2.56 |
| Interest Coverage | 2.17 | 2.17 | 1.36 | 2.08 | 0.81 | 5.69 | -0.92 | 5.35 | 5.07 | 4.74 | 3.84 |
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 | 1.46 | 1.46 | 1.08 | 1.31 | 1.20 | 1.53 | 1.93 | 1.68 | 1.77 | 1.99 | 1.76 |
| Quick Ratio | 0.37 | 0.37 | 0.14 | 0.20 | 0.18 | 0.60 | 1.07 | 0.40 | 0.50 | 0.68 | 0.49 |
| Cash Ratio | 0.27 | 0.27 | 0.04 | 0.07 | 0.05 | 0.48 | 0.75 | 0.26 | 0.34 | 0.48 | 0.36 |
| Asset Turnover | — | 1.16 | 1.20 | 1.25 | 1.26 | 1.29 | 1.04 | 1.37 | 1.62 | 1.50 | 1.45 |
| Inventory Turnover | 3.36 | 3.36 | 3.28 | 3.65 | 3.59 | 3.73 | 4.00 | 3.43 | 3.51 | 3.44 | 3.15 |
| Days Sales Outstanding | — | 2.94 | 3.58 | 3.49 | 4.24 | 3.57 | 18.05 | 0.27 | 0.52 | 1.13 | 0.50 |
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 | 2.9% | 2.8% | 15.0% | 7.5% | 6.3% | 1.7% | 1.6% | 6.3% | 3.6% | 3.5% | 5.1% |
| Payout Ratio | 20.6% | 20.6% | 203.7% | 69.4% | — | 15.7% | — | 61.2% | 49.9% | 42.8% | 64.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 14.1% | 13.6% | 7.3% | 10.8% | — | 10.5% | — | 10.2% | 7.3% | 8.1% | 8.0% |
| FCF Yield | 58.7% | 55.0% | 12.3% | 20.2% | — | 18.7% | 14.8% | 11.9% | 13.9% | 9.6% | 19.8% |
| Buyback Yield | 0.0% | 0.0% | 0.7% | 0.5% | 18.0% | 15.5% | 0.4% | 7.4% | 3.9% | 3.0% | 8.2% |
| Total Shareholder Yield | 2.9% | 2.8% | 15.7% | 8.1% | 24.3% | 17.2% | 2.0% | 13.7% | 7.5% | 6.5% | 13.4% |
| Shares Outstanding | — | $115M | $112M | $111M | $120M | $148M | $154M | $158M | $165M | $168M | $179M |
Structural margin compression
According to current market data, KSS trades at a P/E of 8.11x and a P/S of 0.14x, which, as reported in financial filings, suggests that investors are pricing in a permanent decline in market share rather than a cyclical recovery in department store performance.
The low P/S multiple relative to off-price peers like TJX indicates that the market assigns little value to the company's current revenue base. This valuation appears to reflect a lack of confidence in management's ability to pivot the business model toward sustainable growth, effectively pricing the stock as a value trap.
Based on reported figures, the company's ROIC has struggled to exceed 1.5% in recent quarters, which, when compared to the historical performance of retail peers, indicates a significant failure to generate adequate returns on the capital invested in its extensive physical store network.
The persistent inability to generate an ROIC above the cost of capital suggests that the company is effectively destroying shareholder value through its current operational configuration. Investors should monitor whether the Sephora-at-Kohl's initiative can drive a meaningful inflection in these returns or if the capital intensity of the store fleet remains a permanent drag.
As reported in quarterly financial statements, the company's days inventory outstanding (DIO) has frequently exceeded 130 days, which, compared to the leaner inventory cycles of off-price competitors, suggests a structural inefficiency in matching product assortments to current consumer demand patterns.
High inventory levels necessitate frequent markdowns, which directly pressure the gross margin and contribute to the observed volatility in net profitability. This inefficiency appears to be a core operational weakness that limits the company's ability to maintain pricing power in a competitive retail environment.
According to recent SEC filings, the company's interest coverage ratio has fluctuated significantly, dropping as low as 0.52x in 2024Q1, which indicates that the company's ability to service its debt obligations is highly sensitive to the seasonal nature of its retail cash flows.
The D/E ratio of 1.62, while showing some improvement, remains high for a retailer with thin operating margins and declining revenue. This leverage profile leaves the company with minimal margin for error, particularly if consumer spending softens and interest expenses remain elevated.
Based on an analysis of the business model, the P/E ratio is the most commonly misapplied metric for KSS, as it obscures the massive impact of seasonal earnings volatility and the underlying cash-burning nature of the business during non-holiday quarters.
Because the company's annual profitability is almost entirely concentrated in the fourth quarter, a TTM P/E ratio provides a misleading picture of the company's true earning power. Analysts should instead focus on EV/EBITDA or free cash flow yield to better account for the company's debt burden and the capital-intensive nature of its store operations.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying KSS stock.
Kohl's Corporation's current P/E ratio is 7.1x. The historical average is 21.5x.
Kohl's Corporation's current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.9x.
Kohl's Corporation's return on equity (ROE) is 6.9%. The historical average is 14.1%.
Based on historical data, Kohl's Corporation is trading at a P/E of 7.1x. Compare with industry peers and growth rates for a complete picture.
Kohl's Corporation's current dividend yield is 2.91% with a payout ratio of 20.6%.
Kohl's Corporation has 40.6% gross margin and 3.3% operating margin.
Kohl's Corporation's Debt/EBITDA ratio is 5.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.