Kinross Gold Corporation (KGC) Stock Valuation — PE Analysis
Gold · NYSE
Current Price
$23.18
PE Ratio (TTM)
8.8x
Intrinsic Value
$30.24
+23.3% margin of safety
COMPETITIVE MOAT
↑Deep Project Pipeline
Kinross possesses a robust pipeline of development projects. This provides a long-term supply of gold, ensuring future production and revenue streams.
↑Operational Scale and Expertise
As a large-scale gold producer, Kinross benefits from economies of scale. Its extensive experience in complex mining operations offers a competitive advantage.
↑Strong Balance Sheet and Cash Flow
The company's healthy balance sheet and robust free cash flow generation enable reinvestment in growth. This financial strength supports exploration and development initiatives.
INVESTMENT RISKS
↓Commodity Price Volatility
The price of gold is subject to significant fluctuations. A sharp decline in gold prices would directly impact Kinross's revenue and profitability.
↓Exploration and Development Risks
Discovering and developing new gold deposits is inherently uncertain. There's a risk that exploration efforts may not yield commercially viable reserves.
↓Environmental and Social Governance
Mining operations face increasing scrutiny regarding environmental impact and social responsibility. Negative ESG events can lead to reputational damage and operational disruptions.
Base case
KGC base case PE valuation
At a current price of $23.18, the base case PE valuation puts KGC fair value near $30.24 per share. That figure assumes 5.3% yearly earnings growth, a target PE multiple of 8.78x, and a 10% discount rate.
Intrinsic Value
$30.24
Margin of safety
+23.3%
Expected annual return
+5.5%
Base case assumptions: 5.3% annual earnings growth, 8.78x target PE, 10% discount rate, 5 year projection. Data as of 2026-10-07.
This base case uses default assumptions and is not financial advice. The fair value changes significantly when the target PE or earnings growth rate changes. Open the calculator to set your own assumptions and see the full sensitivity range.
Customize the KGC PE valuation
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for Kinross Gold Corporation respond.
Open PE Calculator for KGCCompany Overview
Kinross Gold Corporation, along with its various affiliates, is dedicated to acquiring, exploring, and developing gold deposits primarily across regions such as the United States, Russia, Brazil, Chile, Ghana, and Mauritania. Beyond these core operations, the company also handles the mining and processing of gold-bearing ores, conducts rehabilitation of former gold mining sites, and produces and sells silver. Kinross Gold Corporation was established in 1993 and maintains its corporate headquarters in Toronto, Canada.
Financial Metrics — KGC PE Stock Valuation Data
PE Ratio (TTM)
8.8x
PEG Ratio
0.08
Earnings Yield
11.39%
ROE (TTM)
35.7%
Revenue/Share (TTM)
$7.04
Dividend Yield
0.67%
Debt/Equity
0.08x
Frequently Asked Questions
What is the PE ratio of KGC?
The trailing twelve-month PE ratio of KGC reflects how much investors pay per dollar of Kinross Gold Corporation's earnings. This metric is most useful when compared to Gold peers and the company's own historical range.
Is KGC overvalued based on PE ratio?
KGC's PE of 8.8x combined with a PEG ratio of 0.08 provides a growth-adjusted perspective. A PEG below 1.0 means the P/E is low relative to the earnings growth rate. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical Gold, a DCF analysis may be more appropriate.
How do I value KGC stock using PE ratio?
To value Kinross Gold Corporation using PE: (1) Compare the current PE (8.8x) against the Gold median to assess relative pricing, (2) check the PEG ratio (0.08) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
What is the PEG ratio of KGC?
KGC's PEG ratio is 0.08, calculated by dividing the PE ratio (8.8x) by the expected earnings growth rate. A PEG below 1.0 means the P/E is low relative to the expected earnings growth rate. Note that PEG accuracy depends on the reliability of growth estimates.
Should I use PE ratio or DCF for KGC stock valuation?
PE ratio gives a quick relative read — how KGC is priced versus Gold peers. DCF provides an absolute value based on projected free cash flows. For KGC, with a strong ROE of 35.7%, both methods are worth using — PE for a market-relative check, DCF to stress-test whether fundamentals justify the price. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
Learn More
- See KGC DCF Valuation → — Intrinsic value via Discounted Cash Flow analysis
- PE Methodology — Step-by-step guide to PE ratio stock valuation
- DCF Methodology — Guide to discounted cash flow analysis
- PE Ratio — Understanding the price-to-earnings ratio
- Intrinsic Value — How to evaluate stock fair value
Related PE Valuations
All Basic Materials valuationsP/E and DCF value KGC with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-10-07. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.