# Kenon Holdings Ltd. share price today (Kenon Holdings Ltd., KEN)

> Kenon Holdings Ltd.'s share price has risen faster than its earnings: +24.0% in a year, against −88.8% for earnings per share. KEN · Utilities · Utilities - Independent Power Producers · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ken

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $64.59 (+24.0% in a year)
- P/E: 29.7× (higher than 85% of the last 4.6 years)
- Revenue (Jun 2026): $379 M (+93.4% on a year ago)
- Profit (Jun 2026): $54.0 M (+800.0% on a year ago)
- Operating margin: 9.5% (+10.5 points on a year ago)
- ROE: 5%, FY25
- ROIC: 1.1%, against a 4.3% cost of capital: −3.2 points

The main question: the share price moved +24.0% in a year while yearly earnings per share moved −88.8%. The difference came from the market paying a higher multiple. ## What is the Kenon Holdings Ltd. share price today? Kenon Holdings Ltd.'s share price was $64.59 at the close on 3 November 2026. It has been moving sideways for 21 weeks. That is 12.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $53 and $93, and at that close it sat 30% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row. Over the last 10 years the share price moved +547% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Kenon Holdings Ltd. pay? Kenon Holdings Ltd. has 3 quarters of declared dividends on file, too few for a 12-month total. The most recent declaration was $3.85 for Dec 2025. Kenon Holdings Ltd. declared a dividend in 3 of the last 12 reported quarters, most recently $3.85 for Dec 2025. That is fewer than four quarters, so no 12-month total is shown. ## Which stock lists is Kenon Holdings Ltd. on? Kenon Holdings Ltd. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Kenon Holdings Ltd. profitable? Kenon Holdings Ltd. earned $54.0 M of net profit in the Jun 2026 quarter, +800.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $148 M. Over 4 years profit has grown −35.8% a year on average. That is 14.2% of the quarter's revenue. The same quarter a year earlier earned $6.0 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $148 M (−76.6% on the year before). Why profit moved: revenue changed +93.4% on a year earlier and the margin moved +10.5 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +190.1% and revenue +55.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Kenon Holdings Ltd. make, and is it growing? Kenon Holdings Ltd. reported $379 M of revenue in the Jun 2026 quarter, +93.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 15.6% a year on average. The last full year, FY25, came in at $872 M. The last four reported quarters add to $1.2 B. FY25 revenue was $872 M, +16.1% on the year before. Recent pace: the last four quarters grew +55.4% on average, against 15.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +53.4%, against +27.2% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Kenon Holdings Ltd. keep? Kenon Holdings Ltd.'s operating margin was 9.5% in the Jun 2026 quarter, 10.5 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 0.5% and 7.2%. The latest quarter is above every full year in that period. Across 5 years it has been between 0.5% and 7.2%, and FY25's 7.2% is the highest of them. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Kenon Holdings Ltd.'s profit turning into cash? Over the last 3 years, 117% of Kenon Holdings Ltd.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $284 M of operating cash against $148 M of profit. After $116 M of spending on assets, $167 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Kenon Holdings Ltd.'s cash go? Kenon Holdings Ltd. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $789 M on assets over the last 3 years. Averaged over those years that is 30.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $789 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Kenon Holdings Ltd.'s P/E ratio, and how does it compare with its own history? Kenon Holdings Ltd.'s P/E is 29.7×, near the high end of its own history: higher than 85% of past readings. Its usual P/E (the middle reading) is 4.8×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −88.8% while the price moved +24.0%. The price did better than earnings, which pushed the multiple up within its own range. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Kenon Holdings Ltd. business getting better or worse? Kenon Holdings Ltd.'s business is giving mixed signals. Growth has been steadily positive, but ROCE at 1.8% is below the 15% level needed to call it steady growth. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Kenon Holdings Ltd. earn on its capital? Kenon Holdings Ltd. earned a ROE of 5% in FY25. That is up from a low of −10% in FY23. Its return on capital used (ROIC) is 3.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 17.0% net margin and 0.16× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 17.0% net margin × 0.16× asset turnover × 1.69× leverage (assets divided by equity) ≈ 4.6% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 1.1% − 4.3% = −3.2 percentage points. The 4.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Kenon Holdings Ltd. have too much debt? Kenon Holdings Ltd. has total debt of $3.2 B against shareholder equity of $3.4 B as of Jun 2026, so its debt is 0.93× its equity. Year by year, that ratio went from 0.55 in FY21 to 0.56 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Kenon Holdings Ltd. shareholding pattern? 0.3% of Kenon Holdings Ltd.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 4.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Kenon Holdings Ltd. from balance-sheet trouble? For Kenon Holdings Ltd., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Kenon Holdings Ltd. rank in its industry? 50.7 out of 100, rank 4 of 10 in Utilities - Independent Power Producers, with 69% of the evidence available. Kenon Holdings Ltd. scores 50.7 out of 100 against the 10 companies it is compared with in Utilities - Independent Power Producers, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 17.9 + 9.9 + 8.9 + 14 = 50.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Kenon Holdings Ltd. compared with? Kenon Holdings Ltd. ranks 4 of 10 Utilities - Independent Power Producers companies on the 4-Factor Sector Score, with 50.7 out of 100. 1. [TransAlta Corporation](https://www.sectoralpha.in/us/stocks/tac) TAC · turning · Evidence leans up · 60% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Revenue -9.6% · Profit n/a · Operating margin change n/a · 52% evidence Capital efficiency 10.5/25 · ROCE 5% · Operating margin 12.6% · 76% evidence Valuation 11.1/20 · P/E -81.6× · PEG n/a · 15% evidence Relative strength 18.5/20 · Lead over its industry 33.9% · Lead over S&P 500 -3.5% · 1 year -14.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.4 + 10.5 + 11.1 + 18.5 = 55.5 · What this means: Relative strength against the index is -3.5%, and revenue and profit growth are weak. 2. [Talen Energy Corporation](https://www.sectoralpha.in/us/stocks/tln) TLN · turning · Evidence leans up · 69% evidence 52.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.0/35 · Revenue 75.8% · Profit -206.9% · Operating margin change n/a · 76% evidence Capital efficiency 10.6/25 · ROCE 1.1% · Operating margin 26.5% · 76% evidence Valuation 11.5/20 · P/E -690.1× · PEG n/a · 15% evidence Relative strength 16.8/20 · Lead over its industry 33.4% · Lead over S&P 500 -4.1% · 1 year -7.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14 + 10.6 + 11.5 + 16.8 = 52.9 · What this means: Relative strength against the index is -4.1%, and revenue and profit growth are weak. 3. [Vistra Corp.](https://www.sectoralpha.in/us/stocks/vst) VST · turning · Evidence leans up · 79% evidence 52.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.1/35 · Revenue 3.8% · Profit -7.7% · Operating margin change n/a · 76% evidence Capital efficiency 15.0/25 · ROCE 11.6% · Operating margin 2.4% · 76% evidence Valuation 14.4/20 · P/E 26.4× · PEG 0.4 · 65% evidence Relative strength 12.7/20 · Lead over its industry 18.7% · Lead over S&P 500 -14.8% · 1 year -26.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.1 + 15 + 14.4 + 12.7 = 52.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 4. Kenon Holdings Ltd. this page KEN · turning · Evidence leans up · 69% evidence 50.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Revenue 53.4% · Profit -63.1% · Operating margin change n/a · 76% evidence Capital efficiency 9.9/25 · ROCE 1.4% · Operating margin -14.3% · 76% evidence Valuation 8.9/20 · P/E 29.3× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 19.5% · Lead over S&P 500 -14.3% · 1 year 22.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.9 + 9.9 + 8.9 + 14 = 50.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [NRG Energy, Inc.](https://www.sectoralpha.in/us/stocks/nrg) NRG · basing · Evidence leans down · 60% evidence 49.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.8/35 · Revenue 12.8% · Profit 62.6% · Operating margin change n/a · 52% evidence Capital efficiency 16.0/25 · ROCE 6.9% · Operating margin 29.7% · 76% evidence Valuation 8.5/20 · P/E 39.4× · PEG n/a · 15% evidence Relative strength 7.0/20 · Lead over its industry -7.7% · Lead over S&P 500 -34.7% · 1 year -44.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.8 + 16 + 8.5 + 7 = 49.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Constellation Energy Corporation](https://www.sectoralpha.in/us/stocks/ceg) CEG · losing its lead · Evidence leans down · 79% evidence 48.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.2/35 · Revenue 26% · Profit 15.2% · Operating margin change n/a · 76% evidence Capital efficiency 12.7/25 · ROCE 5.6% · Operating margin -7.4% · 76% evidence Valuation 4.8/20 · P/E 25.6× · PEG 3.55 · 65% evidence Relative strength 13.4/20 · Lead over its industry 19.3% · Lead over S&P 500 -14.6% · 1 year -26.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.2 + 12.7 + 4.8 + 13.4 = 48.1 · What this means: Relative strength against the index is -14.6%, and revenue and profit growth are weak. 7. [Hallador Energy Company](https://www.sectoralpha.in/us/stocks/hnrg) HNRG · quiet · Evidence leans down · 60% evidence 35.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Revenue 8.6% · Profit n/a · Operating margin change n/a · 52% evidence Capital efficiency 9.9/25 · ROCE 5.5% · Operating margin -0.8% · 76% evidence Valuation 10.2/20 · P/E -4.8× · PEG n/a · 15% evidence Relative strength 3.3/20 · Lead over its industry -16.2% · Lead over S&P 500 -40.6% · 1 year -45.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12 + 9.9 + 10.2 + 3.3 = 35.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Digi Power X Inc.](https://www.sectoralpha.in/us/stocks/dgxx) DGXX · quiet · Most evidence points down · 67% evidence 29.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Revenue 0% · Profit n/a · Operating margin change -177.5 points · 71% evidence Capital efficiency 3.5/25 · ROCE -11.7% · Operating margin -226.6% · 76% evidence Valuation 10.6/20 · P/E -6.1× · PEG n/a · 15% evidence Relative strength 1.1/20 · Lead over its industry -18.3% · Lead over S&P 500 -41.7% · 1 year -55.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.7 + 3.5 + 10.6 + 1.1 = 29.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. Fervo Energy Company FRVO · quiet · Too little evidence to rank firmly · 18% evidence 42.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/43.75 · Revenue n/a · Profit n/a · Operating margin change n/a · 8% evidence Capital efficiency 8.3/31.25 · ROCE -2.1% · Operating margin n/a · 61% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 21.5 + 8.3 + 12.5 = 42.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. Oklo Inc. OKLO · quiet · Too little evidence to rank firmly · 37% evidence 34.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.8/35 · Revenue n/a · Profit n/a · Operating margin change n/a · 4% evidence Capital efficiency 5.8/25 · ROCE -6.6% · Operating margin n/a · 61% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 0.5/20 · Lead over its industry -46.1% · Lead over S&P 500 -62.8% · 1 year -79.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.8 + 5.8 + 10 + 0.5 = 34.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Utilities - Independent Power Producers](https://www.sectoralpha.in/us/sectors/utilities-independent-power-producers), all 10 compared on one page. ## Which companies are close to Kenon Holdings Ltd. in size? Kenon Holdings Ltd. is the 6th largest of 8 Utilities - Independent Power Producers companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Vistra Corp., NRG Energy, Inc., Talen Energy Corporation and TransAlta Corporation. Just below it: Hallador Energy Company and Digi Power X Inc. ### Utilities - Independent Power Producers companies close in size

1. [Vistra Corp.](https://www.sectoralpha.in/us/stocks/vst) $46.9 billion
2. [NRG Energy, Inc.](https://www.sectoralpha.in/us/stocks/nrg) $20.2 billion
3. [Talen Energy Corporation](https://www.sectoralpha.in/us/stocks/tln) $17.1 billion
4. [TransAlta Corporation](https://www.sectoralpha.in/us/stocks/tac) $4.2 billion
5. Kenon Holdings Ltd. $3.4 billion
6. [Hallador Energy Company](https://www.sectoralpha.in/us/stocks/hnrg) $502 million
7. [Digi Power X Inc.](https://www.sectoralpha.in/us/stocks/dgxx) $232 million

[All 8 Utilities - Independent Power Producers companies, largest first](https://www.sectoralpha.in/us/sectors/utilities-independent-power-producers#all-companies)

### Companies close in size in other industries

1. [Simmons First National Corporation](https://www.sectoralpha.in/us/stocks/sfnc) $3.4 billion · Banks - Regional
2. [Harley-Davidson, Inc.](https://www.sectoralpha.in/us/stocks/hog) $3.4 billion · Recreational Vehicles
3. Kenon Holdings Ltd. $3.4 billion
4. [National Beverage Corp.](https://www.sectoralpha.in/us/stocks/fizz) $3.4 billion · Beverages - Non-Alcoholic
5. [Bullish](https://www.sectoralpha.in/us/stocks/blsh) $3.4 billion · Software - Infrastructure

## What else do people ask about Kenon Holdings Ltd.? ### What were Kenon Holdings Ltd. Ltd.'s latest quarterly results? Kenon Holdings Ltd. reported revenue of $379 M and net profit of $54.0 M for the Jun 2026 quarter. Revenue rose 93.4% and profit rose 800.0% compared with a year earlier. Earnings per share were $0.85. The operating margin was 9.5%, 10.5 percentage points higher than a year earlier (as of 3 November 2026). ### What is Kenon Holdings Ltd. Ltd.'s market cap? Kenon Holdings Ltd.'s market capitalisation is $3.4 B at a stock price of $64.59. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Kenon Holdings Ltd. Ltd. performing? Kenon Holdings Ltd.'s share price has been moving sideways for 21 weeks. In its latest quarter, revenue rose 93.4% and profit rose 800.0% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running (as of 3 November 2026). ### Will Kenon Holdings Ltd. Ltd.'s stock price go up? This page does not forecast Kenon Holdings Ltd.'s stock price. What it shows instead: the stock price is $64.59, and it has been moving sideways for 21 weeks. Its P/E of 29.7× is higher than 85% of its own last 5 years (as of 3 November 2026). ### Where is Kenon Holdings Ltd. Ltd. in its business cycle? Kenon Holdings Ltd.'s FY25 operating margin was 7.2%, against a 5-year range of 0.5% to 7.2%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 9.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Kenon Holdings Ltd. Ltd. story? The main question: the share price moved +24.0% in a year while yearly earnings per share moved −88.8%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Kenon Holdings Ltd. Ltd. a stock worth studying right now? What the numbers show: Kenon Holdings Ltd.'s share price has risen faster than its earnings: +24.0% in a year, against −88.8% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.