P/E ratio for Kennametal (KMT)
P/E ratio as of April 2024 (TTM): 16.2
According to Kennametal's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.2333. At the end of 2022 the company had a P/E ratio of 15.5.
P/E ratio history for Kennametal from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.5 | -35.59% |
| 2021 | 24.1 | -106.65% |
| 2020 | -362 | -1661.98% |
| 2019 | 23.2 | 95.9% |
| 2018 | 11.8 | -56.45% |
| 2017 | 27.2 | -170.47% |
| 2016 | -38.6 | 404.52% |
| 2015 | -7.65 | -32.46% |
| 2014 | -11.3 | -148.72% |
| 2013 | 23.2 | 81.32% |
| 2012 | 12.8 | 28.49% |
| 2011 | 9.98 | -60.05% |
| 2010 | 25.0 | -332.21% |
| 2009 | -10.8 | -185.79% |
| 2008 | 12.5 | -14.57% |
| 2007 | 14.7 | 66.57% |
| 2006 | 8.81 | -41.49% |
| 2005 | 15.1 | -12.57% |
| 2004 | 17.2 | -69.24% |
| 2003 | 56.0 | -1196.01% |
| 2002 | -5.11 | -116.62% |
| 2001 | 30.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dover DOV | 23.5 | 44.99% | 🇺🇸 USA |
 Fastenal FAST | 33.9 | 108.98% | 🇺🇸 USA |
 Lincoln Electric
LECO | 27.7 | 70.56% | 🇺🇸 USA |
 Hurco Companies HURC | 36.4 | 124.25% | 🇺🇸 USA |
 MSC Industrial Direct MSM | 14.5 | -10.65% | 🇺🇸 USA |
 Carpenter Technology CRS | 36.9 | 127.50% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.