Kearny Financial Corp. (KRNY) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+660.3%

$71.17

vs $9.36 price

Levered DCF

-$6.15

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.54

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.31×	15.38×	-4.32×	11.19×	11.69×	15.52×	14.87×	29.24×
P/B	0.78×	0.54×	0.5×	0.53×	0.88×	0.94×	0.63×	1.09×
P/S	1.71×	1.18×	1.15×	1.54×	3.28×	3.84×	2.71×	4.88×
EV / EBITDA	31.43×	41.61×	-25.43×	32.27×	16.04×	17.55×	26.59×	40.76×
Gross margin	50.8%	44.1%	41.1%	59.4%	90.8%	81.0%	65.2%	65.9%
Operating margin	13.7%	9.0%	-24.7%	17.7%	38.4%	33.0%	22.6%	22.3%
Net margin	10.4%	7.6%	-26.5%	13.8%	28.1%	24.7%	17.8%	16.8%
Current ratio	1.21×	1.2×	0.22×	0.23×	0.24×	0.32×	0.36×	0.19×
Debt / equity	1.5×	1.68×	2.14×	1.73×	1.01×	0.66×	1.08×	1.17×
Interest coverage	0.28×	0.16×	-0.43×	0.44×	3.11×	1.69×	0.68×	0.68×
Dividend yield	4.7%	6.8%	7.4%	6.2%	3.9%	2.9%	3.5%	2.8%
Payout ratio	76.8%	106.0%	-31.8%	69.8%	45.4%	45.3%	53.6%	82.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.7%	3.5%	-11.5%	4.7%	7.6%	6.1%	4.1%	3.7%
Return on invested capital	2.6%	1.7%	-3.2%	1.7%	3.6%	3.5%	1.9%	1.7%
Return on assets	0.5%	0.3%	-1.1%	0.5%	0.9%	0.9%	0.7%	0.6%
Free cash flow yield	5.8%	5.3%	11.4%	14.9%	9.9%	7.1%	2.0%	2.7%
Earnings yield	6.1%	6.5%	-23.1%	8.9%	8.6%	6.4%	6.6%	3.4%
Enterprise value	$1.6B	$1.5B	$1.9B	$1.9B	$1.6B	$1.6B	$1.7B	$2.5B
Net debt / EBITDA	19.96×	30.36×	-20.47×	24.48×	8.08×	6.77×	15.73×	20.85×
Cash conversion cycle (days)	6,159	6,157	33	35	31	28	25	28