KKR & Co. Inc. (KKR) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of KKR & Co. Inc. stock $29.26, price $93.09, upside -68.6%, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range $41.65 – $165.19 · fair‑value band $21.95 – $36.58 · the $93.09 price screens above the $29.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 22, 2026.
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KKR & Co. Inc. is a private equity and real estate investment firm specializing in direct and fund of fund investments.
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It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market, and middle market investments.
The firm considers investments in all industries with a focus on software, cybersecurity, fintech, data and information, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, information technology infrastructure, financial technology, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy.
In energy and infrastructure, it focuses on the upstream oil and gas and equipment, minerals and royalties and services verticals.
In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties.
The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services.
Within Americas, the firm prefers to invest
Stock analysis
KKR & Co. Inc. (KKR) currently trades at $93.09, while our model-based Fair Value estimate is $29.26, 68.6% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 26 models at a data quality of 81/100, which puts the data coverage at high.
Scenario range: $21.95 (bear) to $36.58 (bull), the price of $93.09 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
KKR & Co. Inc. reported revenue of $19.3B in FY2025 versus $16.1B in FY2021, a compound +4.6%/yr. Reported net income was $2.4B in FY2025, compounding −15.9%/yr from FY2021.
Key figures
Market cap $88.0B Large · P/E ratio 28.9 · P/S ratio 3.12 · EPS (TTM) $3.13 · Dividend yield 0.8% · Net margin 12.2% · Return on equity 7.3% · Return on assets (EBIT) 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at −69%, KKR screens richer than that median.
Fair Value models
Bear$21.95Fair Value $29.26Bull$36.58
Price $93.09 · Upside -68.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($1.92 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Revenue growth 1 year
−11.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.4%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+34.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−4.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.7%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−7.2% vs 9.4%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.31% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−6.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +4.9% a year for the price and −8.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Acquisition of a fund administrator adds recurring revenue from back-office services for private capital funds, yet thin evidence leaves no clear lasting edge beyond typical asset management scale.
Main risk: The acquisition expands exposure to fund administration where models indicate overvaluation, which could weigh on returns and operational efficiency.
KKR is acquiring a leading fund administrator to gain exposure to steady back-office services for private capital funds. This adds a layer of recurring revenue from the expanding alternative asset industry, but it also increases the company's footprint in a sector where our models see overvaluation. Does the shift toward infrastructure businesses strengthen long-term resilience more than it adds integration risks?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 669 stocks
Beats the industry median on 4/15 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−68.6% · Bottom 25%
Profitability
Return on equity (12 months)7.3% · Above median
Return on assets1.5% · Below median
Net margin (12 months)31.6% · Above median
Operating margin (12 months)20.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)7.8% · Above median
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity1.74× · Highest 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)28.9× · Priciest 25%
P/B2.85× · Priciest 25%
P/S (12 months)8.83× · Priciest 25%
Price / free cash flow24.0× · Pricier than median
EV/EBITDA51.5× · Priciest 25%
PEG0.41× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 62
FUTURE (revenue growth)39· sector 38
PAST (return on equity)29· sector 24
HEALTH (low debt)13· sector 95
DIVIDEND (yield)16· sector 81
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "KKR & Co. Inc. Fair Value". https://www.fairvalue-calculator.com/stock/KKR
Frequently asked questions
Is KKR & Co. Inc. (KKR) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of $29.26 versus a price of $93.09, about −69% upside (overvalued).
What is the fair value of KKR?
Our model-based fair value for KKR & Co. Inc. is $29.26 (as of Oct 22, 2026), built from audited fundamentals. The current price: $93.09.
What is the quality score of KKR?
KKR & Co. Inc. has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for KKR & Co. Inc. (KKR)?
Our model-based price target is the fair value of $29.26 (as of Oct 22, 2026) from 2 valuation models. Cautious scenario $21.95, optimistic scenario $36.58. It is a calculation from audited fundamentals, not an analyst target.
What is the KKR & Co. Inc. stock forecast for 2026?
Our models put fair value at $29.26, about −69% upside versus a price of $93.09 (overvalued). Cautious scenario $21.95, optimistic scenario $36.58. The calculation is refreshed regularly with new filings.
What is the revenue of KKR & Co. Inc. (KKR)?
KKR & Co. Inc. reported trailing-twelve-month revenue of about $25.8B (latest available figure, as of Oct 22, 2026).
Does KKR & Co. Inc. pay a dividend?
KKR & Co. Inc. currently shows a dividend yield of 0.82% relative to its recent price (as of Oct 22, 2026).
What growth is priced into KKR & Co. Inc. (KKR)?
For today's price to be fair in a discounted-cash-flow model, KKR & Co. Inc. would have to grow free cash flow by +7.4 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +35.4 % per year. As of Oct 22, 2026.
What discount rate (WACC) does the fair value of KKR use?
Our models discount KKR & Co. Inc. at 11.1 %: a base by market capitalisation (large), damped by beta 1.83, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For KKR & Co. Inc. that is +7.4 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has KKR & Co. Inc. (KKR) delivered so far?
Over the past 5 years revenue at KKR & Co. Inc. grew +35.4 % a year. The price currently implies +7.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of KKR & Co. Inc. (KKR) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into KKR & Co. Inc. (+7.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KKR & Co. Inc. (KKR)?
The free-cash-flow yield on the price is 10.82 %: that much free cash flow KKR & Co. Inc. produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KKR & Co. Inc. (KKR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KKR & Co. Inc. it is $29.26 per share (as of Oct 22, 2026), against a price of $93.09. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is KKR & Co. Inc. stock overvalued or undervalued in 2026?
As of Oct 22, 2026, KKR trades above its calculated fair value: price $93.09, fair value $29.26, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KKR?
No. The price is what the market pays today ($93.09); the fair value is what the company's own numbers justify ($29.26). For KKR & Co. Inc. the two are $63.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is KKR & Co. Inc. worth?
The market values KKR & Co. Inc. at about $88.0B (market capitalisation, as of Oct 22, 2026). Per share that is $93.09; our models calculate a fair value of $29.26 per share.
What do the bullish and bearish scenarios say about KKR?
Our models span a range for KKR & Co. Inc.: cautious scenario $21.95, base $29.26, optimistic $36.58 per share (as of Oct 22, 2026, price $93.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KKR?
KKR & Co. Inc. trades at a price-to-earnings ratio of 28.9 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $29.26 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 17.3 (reported for FY2025: 37.5). Other multiples: PEG 0.4, P/B 2.9, P/S 8.8, EV/EBITDA 51.5.
What is the PEG ratio of KKR?
The PEG ratio of KKR & Co. Inc. is 0.41 (P/E divided by earnings growth, as of Oct 22, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of KKR & Co. Inc. (KKR)?
Balance-sheet figures for KKR & Co. Inc. (as of Oct 22, 2026): return on equity 7.3%, debt of 1.74 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is KKR from its 52-week high?
KKR & Co. Inc. trades at $93.09, about 34% below its 52-week high of $141.96 and 11% above the low of $83.56 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $29.26 is for.
Which stocks are comparable to KKR & Co. Inc.?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, Apollo Global Management, Inc, State Street Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is KKR & Co. Inc. stock attractive at the current price?
The data as of Oct 22, 2026: price $93.09, calculated fair value $29.26 (−69%), Quality Score 48/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KKR calculated?
We run KKR & Co. Inc. through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $29.26, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. KKR & Co. Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of KKR & Co. Inc. (KKR)?
The closing price on Oct 22, 2026 was $93.09. Our model-based fair value is $29.26, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KKR & Co. Inc. right now?
The price sits above even our optimistic bull case ($36.58). The favourable scenario is already priced in. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of KKR & Co. Inc.
How large is the market capitalisation of KKR & Co. Inc. (KKR)?
The market capitalisation of KKR & Co. Inc. is $88.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of KKR & Co. Inc. (KKR)?
The price-to-sales ratio of KKR & Co. Inc. is 3.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of KKR & Co. Inc. (KKR)?
Earnings per share at KKR & Co. Inc. are $3.13 (price ÷ EPS = P/E 28.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KKR & Co. Inc. (KKR)?
The dividend yield of KKR & Co. Inc. is 0.8% (payout 11.2%, on adjusted earnings, reported 24.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of KKR & Co. Inc. (KKR)?
The net margin of KKR & Co. Inc. is 12.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of KKR & Co. Inc. (KKR)?
The return on equity (ROE) of KKR & Co. Inc. is 7.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of KKR & Co. Inc. (KKR)?
On an EBIT basis the return on assets of KKR & Co. Inc. is 0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of KKR & Co. Inc. (KKR)?
The operating margin of KKR & Co. Inc. is 20.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KKR & Co. Inc. (KKR)?
Revenue at KKR & Co. Inc. is growing +7.8% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at KKR & Co. Inc. (KKR)?
Earnings per share at KKR & Co. Inc. are growing +40.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does KKR & Co. Inc. (KKR) carry?
The net debt of KKR & Co. Inc. is $54.8B (fiscal year 2025, ≈ 5.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 22, 2026