Stock Analysis on Net

Kellanova (NYSE:K)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Kellanova, historical price multiples (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Price to earnings (P/E) 23.42 22.77 20.11 21.56 26.16 28.86 24.54 15.91 16.87 15.39 15.18 16.94 16.56 17.92 16.29 18.15 21.70 21.68 22.98
Price to operating profit (P/OP) 13.05 13.50 12.71 11.27 15.47 16.48 14.41 14.56 14.70 13.20 12.89 11.80 12.16 12.85 11.57 12.45 14.90 15.03 15.75
Price to sales (P/S) 1.66 1.61 1.46 1.23 1.57 1.61 1.54 1.59 1.72 1.66 1.59 1.50 1.54 1.64 1.48 1.60 1.76 1.65 1.62
Price to book value (P/BV) 6.42 6.65 6.02 4.41 5.72 5.95 5.98 5.54 6.15 6.25 6.07 6.13 6.41 7.26 6.55 7.10 8.24 8.31 8.03 7.99 8.15 7.59

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Kellanova P/E ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Kellanova P/OP ratio increased from Q4 2023 to Q1 2024 but then slightly decreased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Kellanova P/S ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Kellanova P/BV ratio increased from Q4 2023 to Q1 2024 but then slightly decreased from Q1 2024 to Q2 2024.

Price to Earnings (P/E)

Kellanova, historical P/E calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
No. shares of common stock outstanding1 342,287,795 341,883,645 340,678,265 342,519,743 342,346,679 342,758,421 341,830,292 341,281,145 340,113,095 337,872,583 341,674,873 341,122,803 340,878,954 340,496,336 343,950,311 343,712,976 342,919,265 342,670,027 342,054,365 341,094,178 340,631,924 340,496,962
Selected Financial Data (US$)
Net income attributable to Kellanova (in millions) 344 267 27 269 357 298 (98) 310 326 422 433 307 380 368 205 348 351 347 145 247 286 282
Earnings per share (EPS)2 2.65 2.69 2.79 2.41 2.53 2.44 2.81 4.37 4.38 4.56 4.36 3.69 3.82 3.74 3.64 3.47 3.18 2.99 2.81 0.00 0.00 0.00
Share price1, 3 62.05 61.28 56.13 51.99 66.25 70.38 68.91 69.51 73.82 70.23 66.12 62.56 63.22 66.95 59.26 62.89 68.99 64.86 64.50 63.88 63.40 56.47
Valuation Ratio
P/E ratio4 23.42 22.77 20.11 21.56 26.16 28.86 24.54 15.91 16.87 15.39 15.18 16.94 16.56 17.92 16.29 18.15 21.70 21.68 22.98
Benchmarks
P/E Ratio, Competitors5
Altria Group Inc. 8.23 8.83 8.87 7.93 11.76 15.06 14.42 17.33 45.23 33.20 37.80 29.51 19.72 19.88 18.14 91.35
Coca-Cola Co. 27.05 24.76 24.43 22.33 25.69 27.85 27.12 25.88 28.47 27.84 27.63 27.47 30.49 32.01 27.91 26.14 22.66 19.48 28.21
PepsiCo Inc. 23.66 25.63 25.40 27.27 32.68 39.71 26.71 24.02 25.33 23.57 30.58 25.66 25.76 26.23 26.15 27.64 27.27 26.13 27.83
Philip Morris International Inc. 19.99 18.54 17.69 17.38 19.02 17.50 17.54 15.87 16.58 17.60 18.37 16.43 17.54 17.03 16.55 14.43 16.76 15.71 18.94

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
EPS = (Net income attributable to KellanovaQ2 2024 + Net income attributable to KellanovaQ1 2024 + Net income attributable to KellanovaQ4 2023 + Net income attributable to KellanovaQ3 2023) ÷ No. shares of common stock outstanding
= (344,000,000 + 267,000,000 + 27,000,000 + 269,000,000) ÷ 342,287,795 = 2.65

3 Closing price as at the filing date of Kellanova Quarterly or Annual Report.

4 Q2 2024 Calculation
P/E ratio = Share price ÷ EPS
= 62.05 ÷ 2.65 = 23.42

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Kellanova P/E ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Price to Operating Profit (P/OP)

Kellanova, historical P/OP calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
No. shares of common stock outstanding1 342,287,795 341,883,645 340,678,265 342,519,743 342,346,679 342,758,421 341,830,292 341,281,145 340,113,095 337,872,583 341,674,873 341,122,803 340,878,954 340,496,336 343,950,311 343,712,976 342,919,265 342,670,027 342,054,365 341,094,178 340,631,924 340,496,962
Selected Financial Data (US$)
Operating profit (in millions) 493 393 260 482 417 346 335 368 415 517 329 447 504 472 385 411 506 459 360 263 397 381
Operating profit per share2 4.76 4.54 4.42 4.61 4.28 4.27 4.78 4.77 5.02 5.32 5.13 5.30 5.20 5.21 5.12 5.05 4.63 4.32 4.10 0.00 0.00 0.00
Share price1, 3 62.05 61.28 56.13 51.99 66.25 70.38 68.91 69.51 73.82 70.23 66.12 62.56 63.22 66.95 59.26 62.89 68.99 64.86 64.50 63.88 63.40 56.47
Valuation Ratio
P/OP ratio4 13.05 13.50 12.71 11.27 15.47 16.48 14.41 14.56 14.70 13.20 12.89 11.80 12.16 12.85 11.57 12.45 14.90 15.03 15.75
Benchmarks
P/OP Ratio, Competitors5
Altria Group Inc. 7.54 6.52 6.25 6.00 6.92 7.14 6.97 6.88 6.79 8.50 8.09 7.18 7.71 7.68 7.45 6.26 7.36 7.00 7.65
Coca-Cola Co. 27.92 26.48 23.14 21.65 24.70 25.28 23.72 24.45 26.41 26.11 26.19 22.06 23.74 24.74 24.03 24.68 23.08 19.45 24.95
PepsiCo Inc. 18.07 19.50 19.23 20.33 24.69 29.45 20.67 17.60 17.90 16.97 20.87 18.28 18.75 18.78 18.47 19.55 19.07 18.53 19.78
Philip Morris International Inc. 13.81 12.44 11.96 12.02 13.68 13.05 12.96 11.31 11.81 12.37 12.90 11.42 12.23 11.95 11.43 9.86 11.29 10.67 12.92

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
Operating profit per share = (Operating profitQ2 2024 + Operating profitQ1 2024 + Operating profitQ4 2023 + Operating profitQ3 2023) ÷ No. shares of common stock outstanding
= (493,000,000 + 393,000,000 + 260,000,000 + 482,000,000) ÷ 342,287,795 = 4.76

3 Closing price as at the filing date of Kellanova Quarterly or Annual Report.

4 Q2 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 62.05 ÷ 4.76 = 13.05

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Kellanova P/OP ratio increased from Q4 2023 to Q1 2024 but then slightly decreased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.

Price to Sales (P/S)

Kellanova, historical P/S calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
No. shares of common stock outstanding1 342,287,795 341,883,645 340,678,265 342,519,743 342,346,679 342,758,421 341,830,292 341,281,145 340,113,095 337,872,583 341,674,873 341,122,803 340,878,954 340,496,336 343,950,311 343,712,976 342,919,265 342,670,027 342,054,365 341,094,178 340,631,924 340,496,962
Selected Financial Data (US$)
Net sales (in millions) 3,192 3,200 2,490 3,939 3,351 3,342 3,833 3,946 3,864 3,672 3,420 3,622 3,555 3,584 3,464 3,429 3,465 3,412 3,223 3,372 3,461 3,522
Sales per share2 37.46 37.97 38.52 42.23 42.27 43.72 44.80 43.66 42.86 42.23 41.50 41.70 41.16 40.95 40.03 39.36 39.29 39.30 39.70 0.00 0.00 0.00
Share price1, 3 62.05 61.28 56.13 51.99 66.25 70.38 68.91 69.51 73.82 70.23 66.12 62.56 63.22 66.95 59.26 62.89 68.99 64.86 64.50 63.88 63.40 56.47
Valuation Ratio
P/S ratio4 1.66 1.61 1.46 1.23 1.57 1.61 1.54 1.59 1.72 1.66 1.59 1.50 1.54 1.64 1.48 1.60 1.76 1.65 1.62
Benchmarks
P/S Ratio, Competitors5
Altria Group Inc. 3.48 3.07 2.95 2.82 3.22 3.38 3.31 3.23 3.11 3.86 3.60 3.14 3.39 3.34 3.10 2.59 3.02 2.82 3.14
Coca-Cola Co. 6.20 5.80 5.72 5.34 6.12 6.32 6.02 6.07 6.59 7.15 6.99 6.40 6.76 6.91 6.55 6.51 6.07 5.25 6.75
PepsiCo Inc. 2.45 2.56 2.52 2.47 2.86 2.97 2.75 2.79 2.86 2.96 2.93 2.72 2.83 2.76 2.65 2.84 2.76 2.78 3.03
Philip Morris International Inc. 4.83 4.11 3.93 4.06 4.61 4.76 5.00 4.38 4.74 5.03 5.33 4.80 5.17 5.06 4.65 3.84 4.19 3.98 4.57

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
Sales per share = (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023) ÷ No. shares of common stock outstanding
= (3,192,000,000 + 3,200,000,000 + 2,490,000,000 + 3,939,000,000) ÷ 342,287,795 = 37.46

3 Closing price as at the filing date of Kellanova Quarterly or Annual Report.

4 Q2 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 62.05 ÷ 37.46 = 1.66

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Kellanova P/S ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Price to Book Value (P/BV)

Kellanova, historical P/BV calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
No. shares of common stock outstanding1 342,287,795 341,883,645 340,678,265 342,519,743 342,346,679 342,758,421 341,830,292 341,281,145 340,113,095 337,872,583 341,674,873 341,122,803 340,878,954 340,496,336 343,950,311 343,712,976 342,919,265 342,670,027 342,054,365 341,094,178 340,631,924 340,496,962
Selected Financial Data (US$)
Total Kellanova equity (in millions) 3,307 3,152 3,175 4,038 3,965 4,052 3,941 4,283 4,082 3,795 3,720 3,484 3,362 3,138 3,112 3,044 2,870 2,674 2,747 2,727 2,650 2,533
Book value per share (BVPS)2 9.66 9.22 9.32 11.79 11.58 11.82 11.53 12.55 12.00 11.23 10.89 10.21 9.86 9.22 9.05 8.86 8.37 7.80 8.03 7.99 7.78 7.44
Share price1, 3 62.05 61.28 56.13 51.99 66.25 70.38 68.91 69.51 73.82 70.23 66.12 62.56 63.22 66.95 59.26 62.89 68.99 64.86 64.50 63.88 63.40 56.47
Valuation Ratio
P/BV ratio4 6.42 6.65 6.02 4.41 5.72 5.95 5.98 5.54 6.15 6.25 6.07 6.13 6.41 7.26 6.55 7.10 8.24 8.31 8.03 7.99 8.15 7.59
Benchmarks
P/BV Ratio, Competitors5
Altria Group Inc. 27.52 29.61 28.54 21.36 13.59 11.15 12.69 7.93 6.26 6.83
Coca-Cola Co. 11.14 10.10 10.09 9.14 10.38 10.90 10.73 11.26 11.85 11.55 11.74 10.91 11.07 11.35 11.20 11.70 11.91 10.75 13.26 12.50 12.48 11.51
PepsiCo Inc. 11.58 12.36 12.45 12.02 14.60 15.34 13.88 12.30 12.61 13.16 14.52 13.16 13.82 14.10 13.84 14.43 14.95 14.05 13.76 13.61 13.20 12.54
Philip Morris International Inc.

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
BVPS = Total Kellanova equity ÷ No. shares of common stock outstanding
= 3,307,000,000 ÷ 342,287,795 = 9.66

3 Closing price as at the filing date of Kellanova Quarterly or Annual Report.

4 Q2 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 62.05 ÷ 9.66 = 6.42

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Kellanova P/BV ratio increased from Q4 2023 to Q1 2024 but then slightly decreased from Q1 2024 to Q2 2024.