Kennametal Inc (KMT) Fair Value & Analysis
Industrials · US · Market cap $2.6B
Kennametal Inc
KMT · US
Fair value as of: Jul 13, 2026
From 24 valuation models · updated 28 days ago
Fair value updated Jul 13, 2026, revised from $15.58 to $20.05 (+28.7%) since Jun 24, 2026. Share price +0.1% over the past month.
A solid business, but screening 39% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($32.23). The favourable scenario is already priced in.
- Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($16.95 to $32.23) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range $16.90 – $43.04 · fair‑value band $16.95 – $32.23 · the $33.13 price screens above the $20.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.
Analysis
Kennametal Inc (KMT) currently trades at $33.13, while our model-based Fair Value estimate is $20.05, implying the stock looks roughly 39.5% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Kennametal Inc generated revenue of $2.1B at a net margin of 6.4%. Revenue grew 21.8% year over year. It earns a return on equity of 10.8%. Net debt stands at $503M. Fundamentals as of Jul 13, 2026
Our scenario range runs from $16.95 (bear case) to $32.23 (bull case); at $33.13, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 24% below its 52-week high and 93% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at -39%, KMT screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Multiples ($20.77) versus Dividend Discount ($8.58). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 48
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and hard materials and solutions worldwide. It operates through two segments, Metal Cutting and Infrastructure.
Full company description
Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and hard materials and solutions worldwide. It operates through two segments, Metal Cutting and Infrastructure. The Metal Cutting segment offers milling, hole making, turning, threading, and toolmaking systems used in the manufacture of airframes, aero engines, trucks and automobiles, ships, and various types of industrial equipment under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force, a network of independent and national distributors, integrated supplier channels, and digitally. Its Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders, such as compacts, nozzles, frac seats, and custom components used in oil and gas and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide powders for the oil and gas, aerospace, and process industries; high temperature critical wear components, tungsten penetrators, and armor solutions for aerospace and defense; and ceramics used by the packaging industry for metallization of films and papers under the Kennametal brand through a direct sales force and distributors. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kennametal Inc reported revenue of $2.0B in FY2025 versus $1.8B in FY2021, a compound +1.7%/yr. Reported net income was $93.1M in FY2025, compounding +14.4%/yr from FY2021.
KMT screens 39% overvalued. Compare with Techtronic Industries Company →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Kennametal Announces Board Leadership Transition
- Kennametal Reaches Analyst Target Price
- 3 Reasons to Avoid KMT and 1 Stock to Buy Instead
- Kennametal Unveils Next Level Shop Experience for IMTS 2026
Peer Group
Tools & Accessories · 120 stocks
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.
Valuation Multiples vs Tools & Accessories median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 44/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Techtronic Industries Company 0669 | HK$129.60 | HK$81.05 | -37% |
| Snap-on Incorporated SNA | $410.99 | $350.46 | -15% |
| RBC Bearings Incorporated RBC | $595.49 | $184.29 | -69% |
| Lincoln Electric Holdings LECO | $252.58 | $154.80 | -39% |
| Stanley Black & Decker, Inc SWK | $88.22 | $54.24 | -39% |
| AB SKF (publ) SKFB | kr 258.90 | kr 192.57 | -26% |
| The Timken Company TKR | $139.47 | $66.33 | -52% |
| The Toro Company TTC | $94.42 | $69.71 | -26% |
| SFS Group SFSN | CHF 140.00 | CHF 118.30 | -16% |
| Hangzhou Greatstar Industrial Co 002444 | ¥29.33 | ¥35.72 | +22% |
Compare Kennametal Inc with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Kennametal Inc (KMT) overvalued or undervalued?
What is the fair value of KMT?
What is the quality score of KMT?
What is the revenue of Kennametal Inc (KMT)?
What is the net profit margin of KMT?
Does Kennametal Inc pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Kennametal Inc and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.