Question 1

What is KKR & Co.'s EV/EBITDA ratio?

Accepted Answer

KKR & Co. (KKR) EV/EBITDA ratio is 13.5× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for KKR & Co.?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For KKR & Co. specifically, the relevant sector benchmark is the current sector median of 9.3×.

Question 5

Is KKR & Co.'s EV/EBITDA ratio high or low?

Accepted Answer

KKR & Co.'s EV/EBITDA ratio of 13.5× is below its own 5-year average of 16.3× and above the sector median of 9.3×. That places the current reading at the 70th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is KKR & Co.'s historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, KKR & Co. (KKR) EV/EBITDA ratio has ranged from a low of 0.3× in 2010 to a high of 128.5× in 2023. The 5-year average is 16.3× and the 5-year median is 5.3×.

Question 7

What was KKR & Co.'s EV/EBITDA ratio in 2025?

Accepted Answer

KKR & Co. (KKR) EV/EBITDA ratio at the end of 2025 was 16.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does KKR & Co.'s EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$113.64B	$10.23B	16.5×	+8.9×	Dec 31, 2025
2024	$131.38B	$9.17B	7.6×	+6.1×	Dec 31, 2024
2023	$73.32B	$9.50B	1.5×	-54.7×	Dec 31, 2023
2022	$39.97B	$1.27B	56.2×	+51.2×	Dec 31, 2022
2021	$43.71B	$14.78B	5.0×	-2.5×	Dec 31, 2021
2020	$23.11B	$6.70B	7.5×	+1.0×	Dec 31, 2020
2019	$16.20B	$6.21B	6.5×	-3.2×	Dec 31, 2019
2018	$10.37B	$3.13B	9.7×	+2.0×	Dec 31, 2018
2017	$10.13B	$3.59B	7.7×	-4.4×	Dec 31, 2017
2016	$6.94B	$1.77B	12.1×	+8.2×	Dec 31, 2016
2015	$7.02B	$5.91B	3.9×	+0.7×	Dec 31, 2015
2014	$10.01B	$5.78B	3.2×	+2.3×	Dec 31, 2014
2013	$7.01B	$7.99B	0.9×	+0.5×	Dec 31, 2013
2012	$3.80B	$8.14B	0.4×	-2.2×	Dec 31, 2012
2011	$2.89B	$1.04B	2.6×	+2.2×	Dec 31, 2011
2010	$2.97B	$7.90B	0.4×	-0.0×	Dec 31, 2010
2009	$1.74B	$6.97B	0.4×	—	Dec 31, 2009


Wells Fargo (WFC)	2.9×
Farmers & Merchants Bancorp (FMCB)	2.8×
JPMorgan Chase (JPM)	2.3×
AXIS Capital Holdings (AXS)	2.2×
American International Group (AIG)	1.9×
Ally Financial (ALLY)	1.7×
United Bankshares (UBSI)	1.6×
Commerce Bancshares (CBSH)	0.7×
W. R. Berkley (WRB)	-0.0×
Morgan Stanley (MS)	-0.3×
M&T Bank (MTB)	-0.6×
Capital One Financial (COF)	-0.6×
Everest Re Group (EG)	-0.7×
Travelers Companies (TRV)	-2.5×
Globe Life (GL-PD)	-2.6×
RenaissanceRe Holdings (RNR)	-3.5×
PNC Financial Services Group (PNC)	-3.8×
BancFirst (BANF)	-5.5×
U.S. Bancorp (USB)	-5.5×
KeyCorp (KEY)	-9.2×
Bank of New York Mellon (BNY)	-13.3×
Bank of New York Mellon (BK)	-13.3×
Ames National (ATLO)	-14.6×
State Street (STT)	-17.7×
MetLife (MET)	-46.3×

EV/EBITDA for KKR & Co. (KKR)

EV/EBITDA daily chart for KKR & Co. (KKR)

Historical EV/EBITDA for KKR & Co. (KKR) from 2009 to 2025

About EV/EBITDA at KKR & Co. (KKR)

KKR & Co. EV/EBITDA by Year

KKR & Co. EV/EBITDA 2025: 16.5×

KKR & Co. EV/EBITDA 2024: 7.6×

KKR & Co. EV/EBITDA 2023: 1.5×

KKR & Co. EV/EBITDA 2022: 56.2×

KKR & Co. EV/EBITDA 2021: 5.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

KKR & Co. (KKR) Key Financials

EV/EBITDA daily chart for KKR & Co. (KKR)

Historical EV/EBITDA for KKR & Co. (KKR) from 2009 to 2025

About EV/EBITDA at KKR & Co. (KKR)

KKR & Co. EV/EBITDA by Year

KKR & Co. EV/EBITDA 2025: 16.5×

KKR & Co. EV/EBITDA 2024: 7.6×

KKR & Co. EV/EBITDA 2023: 1.5×

KKR & Co. EV/EBITDA 2022: 56.2×

KKR & Co. EV/EBITDA 2021: 5.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is KKR & Co.'s EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for KKR & Co.?

+Is KKR & Co.'s EV/EBITDA ratio high or low?

+What is KKR & Co.'s historical EV/EBITDA ratio range?

+What was KKR & Co.'s EV/EBITDA ratio in 2025?

+Why does KKR & Co.'s EV/EBITDA ratio change over time?

KKR & Co. (KKR) Key Financials