Korn Ferry
Financial ratios & Valuation

Forward Multiples (2026 – 2027)

20262027
Price/Earnings ratio
13.8213.22
Price/Sales ratio
1.371.28
Earnings per Share (EPS)
$5.33$5.57

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
17.5045.9721.7822.1425.3314.9231.399.9411.6818.3214.1314.92
Price/Sales ratio
1.451.051.131.621.310.791.971.220.851.101.261.26
Price/Book Value ratio
1.891.351.692.432.091.282.622.101.481.781.961.28
Price/Cash Flow ratio
14.4122.1817.2913.5210.046.6214.296.467.1210.9110.9110.04
Price/Free Cash Flow ratio
18.1037.4632.7616.7212.268.0316.317.178.9513.5412.7612.26
Price/Earnings Growth ratio
0.97-0.680.140.35-1.115.552.990.05-0.34-0.991.17-1.11
Dividend Yield
0.33%1.53%1.27%0.77%0.90%1.45%0.62%0.82%1.34%1.75%2.13%0.90%
Profitability Indicator Ratios
Gross Profit Margin
92.72%91.50%92.12%93.07%93.75%93.40%95.49%95.03%90.67%23.29%22.20%93.40%
Operating Profit Margin
10.69%3.91%7.05%11.20%7.13%8.90%12.29%17.78%11.04%7.61%11.23%7.13%
Pretax Profit Margin
11.22%3.62%7.15%11.30%6.79%7.63%8.99%16.37%10.32%7.96%11.98%6.79%
Net Profit Margin
8.28%2.29%5.19%7.35%5.20%5.30%6.28%12.34%7.31%6.05%9.03%5.20%
Effective Tax Rate
28.00%38.88%25.08%34.08%22.04%29.11%29.40%23.57%27.95%22.49%23.30%22.04%
Return on Assets
6.70%1.58%4.08%5.84%4.39%3.82%3.74%9.42%5.86%4.59%7.02%4.39%
Return On Equity
10.83%2.95%7.76%10.99%8.27%8.59%8.37%21.13%12.71%9.76%14.21%8.27%
Return on Capital Employed
11.26%3.56%7.13%11.78%7.89%8.30%9.69%18.95%12.17%7.75%10.96%7.89%
Liquidity Ratios
Current Ratio
2.091.391.831.812.061.981.98N/AN/AN/A2.062.06
Quick Ratio
2.091.391.831.812.011.931.941.741.621.792.062.01
Cash ratio
1.240.570.890.931.131.101.130.990.861.000.961.10
Days of Sales Outstanding
68.3091.2184.8283.0679.8180.4698.0285.9081.2075.9577.1780.46
Days of Inventory outstanding
0.000.000.00-6.0184.4675.10136.87116.2467.30N/AN/A75.10
Operating Cycle
68.3091.2184.8277.05164.27155.57234.90202.14148.5075.9577.17155.57
Days of Payables Outstanding
90.4884.95107.18101.98115.89127.79200.44141.7673.008.537.53127.79
Cash Conversion Cycle
-22.176.25-22.36-24.9348.3727.7834.4560.3875.5067.4269.6448.37
Debt Ratios
Debt Ratio
N/A0.070.120.100.090.140.120.110.110.100.150.09
Debt Equity Ratio
N/A0.130.230.190.170.320.280.250.240.220.300.17
Long-term Debt to Capitalization
N/A0.090.170.140.150.240.220.200.190.180.230.15
Total Debt to Capitalization
N/A0.110.190.160.150.240.220.200.190.180.230.15
Interest Coverage Ratio
69.22N/AN/A21.078.3310.576.37N/AN/AN/A16.048.33
Cash Flow to Debt Ratio
N/A0.450.410.921.160.590.631.260.860.710.590.59
Company Equity Multiplier
1.611.871.901.881.882.242.232.242.162.121.981.88
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.100.040.060.120.130.110.130.180.120.100.110.11
Free Cash Flow / Operating Cash Flow Ratio
0.790.590.520.800.810.820.870.900.790.800.840.81
Cash Flow Coverage Ratio
N/A0.450.410.921.160.590.631.260.860.710.590.59
Short Term Coverage Ratio
N/A2.135.368.79N/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
5.77%70.62%27.69%17.15%22.85%21.72%19.65%8.20%15.73%32.15%30.02%22.85%