KEY

NYSE

KEYCORP /NEW/

Financials, Regional Banks

$22.73

close 7 Aug 2026

+30.86%

52-week change

$24.26B

market cap

$16.47

$24.07

52-week range

Expected price

$14.76 – $18.04

Current price

$22.73

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)13.22x

P/S (TTM)2.88x

P/B1.23x

EV/EBITDA (TTM)—

FCF yield (TTM)4.94%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average12.18x

P/E, sector median16.04x*

Price at 5-year median P/E$16.18*

Indicated dividend yield3.61%

Forward — analyst consensus

Forward P/E (FY2026)12.44x*

Forward P/E (FY2027)10.63x

Forward PEG0.73*

Consensus EPS FY2026 (15 analysts)$1.83

EPS growth (FY2026→FY2027)17.01%

Revenue growth (FY2026)7.38%

Street view

Price target (mean)$26.02*

Target upside14.48%

Ratings (buy / hold / sell)10 / 9 / 0

FY2026 EPS revisions, 30d (up / down)4 / 5

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +5.47%10Y CAGR +7.12%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$22.73

Cash & equivalents—

Total debt$14.65B

Shares outstanding1.07B

Result

DCF price per share—

Current price$22.73

Margin of safety—

PV of years 1–10$10.55B

PV of terminal value$17.63B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.26B	$1.33B	$1.41B	$1.48B	$1.56B	$1.65B	$1.74B	$1.84B	$1.94B	$2.04B	$38.06B
PV	$1.17B	$1.14B	$1.12B	$1.09B	$1.06B	$1.04B	$1.02B	$991.88M	$968.65M	$945.96M	$17.63B

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026