Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Kimball Electronics, Inc.KE · business equipment | |
|---|---|
| Grade |  C/Don the C/D boundary of 497 graded peers; percentile 58.3, sampling error 2.2 points; lower is stronger |
| Rank | 290 of 497 |
| Profitability | Cpercentile 54.8 |
| Solvency | Bpercentile 37.1 |
| Growth and financing | C/Dpercentile 61.7 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $1.1B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 11 of 14 |
| Graded from | filings received through Aug 19, 202651 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $28.842026-10-08; market equity $691.2M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Aug 19, 2026; the document on sec.gov.
for disclosure of the net sales as a percentage of consolidated net sales for each of our significant customers during fiscal years 2026, 2025, and 2024. Regardless of whether our agreements with our customers, including our significant customers, have a definite term, our customers typically do not commit to firm production schedules for more than one quarter. Many factors outside of our control impact our customers and their ordering behavior, including global pandemics, recessions in end markets, changing technologies and industry standards, commercial acceptance for products, shifting market demand, product obsolescence, changing sourcing strategies, and our customers’ loss of business.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 54.8 | |||||||
| Gross profitability | 10.8% | [1,3] | 28.5% | 81.3 | 558 | 2026-06-30 | |
| Return on invested capital | 5.6% | [4-12] | 10.9% | 64.4 | 136 | 2026-06-30 | |
| Accruals ratio | (4.1%) | [1,13-15] | (7.4%) | 69.8 | 621 | 2026-06-30 | |
| Gross margin stability, five years | 0.5 pts | [2-3,16-23] | 2.4 pts | 3.5 | 429 | 2026-06-30 | |
| Solvency, sleeve percentile 37.1 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-30 | |||||||
| Altman Z double-prime | not computable | 2.18 | |||||
| latest aligned inputs end 2017-06-30; latest annual assets end 2026-06-30 | |||||||
| Net debt to EBITDA | 0.26x | [4,7,9,24] | 1.11x | 26.7 | 147 | 2026-06-30 | |
| Interest coverage | 7.77x | [4,25] | 3.77x | 37.1 | 90 | 2026-06-30 | |
| Current ratio | 2.09x | [26-27] | 2.02x | 47.4 | 666 | 2026-06-30 | |
| Growth and financing, sleeve percentile 61.7 | |||||||
| Revenue growth, three-year compound | (7.8%) | [2,17,19,21] | 6.4% | 83.6 | 538 | 2026-06-30 | |
| Free cash flow growth, three-year compound | not computable | 17.2% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | (21.2%) | [4-6,24,26-30] | 14.3% | 62.2 | 226 | 2026-06-30 | |
| Asset growth, three years | (4.6%) | [1,15,31-32] | 5.0% | 73.0 | 563 | 2026-06-30 | |
| Net share issuance, one year | (1.0%) | [33-34] | 0.5% | 27.8 | 407 | 2026-08-06 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.025; sampling error 2.2 percentile points on 497 peers.
Among 497 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 285 | Energizer Holdings, Inc. (ENR) Energizer Holdings, Inc. (ENR) Cmiddle fifth; percentile 57.3 NYSE · Miscellaneous Electrical Machinery, Equipment & Supplies market equity $1.5B; last close $21.43 No active warnings; 7 of 14 inputs | 57.3 | C | |
| 286 | Atkore Inc. (ATKR) Atkore Inc. (ATKR) Cmiddle fifth; percentile 57.5 NYSE · Miscellaneous Electrical Machinery, Equipment & Supplies market equity $3.2B; last close $94.86 No active warnings; 12 of 14 inputs | 57.5 | C | |
| 287 | Mesa Laboratories Inc. (MLAB) Mesa Laboratories Inc. (MLAB) Cmiddle fifth; percentile 57.7 Nasdaq · Industrial Instruments For Measurement, Display, and Control market equity $705.4M; last close $126.92 No active warnings; 12 of 14 inputs | 57.7 | C | |
| 288 | Viavi Solutions Inc. (VIAV) Viavi Solutions Inc. (VIAV) C/Don the C/D boundary; percentile 57.9 Nasdaq · Semiconductors & Related Devices market equity $10.9B; last close $44.09 Warnings: fortress balance sheet; 10 of 14 inputs | 57.9 | C/D | fortress balance sheet |
| 289 | Ss&C Technologies Holdings Inc. (SSNC) Ss&C Technologies Holdings Inc. (SSNC) C/Don the C/D boundary; percentile 58.1 Nasdaq · Services-Prepackaged Software market equity $18.9B; last close $80.69 No active warnings; 11 of 14 inputs | 58.1 | C/D | |
| 290 | Kimball Electronics, Inc. (KE) Kimball Electronics, Inc. (KE) C/Don the C/D boundary; percentile 58.3 Nasdaq · Printed Circuit Boards market equity $690.0M; last close $28.84 No active warnings; 11 of 14 inputs | 58.3 | C/D | |
| 291 | Q2 Holdings, Inc. (QTWO) Q2 Holdings, Inc. (QTWO) C/Don the C/D boundary; percentile 58.5 NYSE · Services-Prepackaged Software market equity $3.7B; last close $58.78 No active warnings; 11 of 14 inputs | 58.5 | C/D | |
| 292 | Expensify, Inc. (EXFY) Expensify, Inc. (EXFY) C/Don the C/D boundary; percentile 58.7 Nasdaq · Services-Prepackaged Software last close $2.30 Warnings: fortress balance sheet; 8 of 14 inputs | 58.7 | C/D | fortress balance sheet |
| 293 | Automatic Data Processing Inc. (ADP) Automatic Data Processing Inc. (ADP) C/Don the C/D boundary; percentile 58.9 Nasdaq · Services-Computer Processing & Data Preparation market equity $107.6B; last close $270.13 Warnings: fortress balance sheet; 8 of 14 inputs | 58.9 | C/D | fortress balance sheet |
| 294 | Airwa Inc. (YYAI) Airwa Inc. (YYAI) C/Don the C/D boundary; percentile 59.1 Nasdaq · Services-Computer Programming, Data Processing, Etc. market equity $3.3M; last close $0.71 Warnings: dilution, late filer; 8 of 14 inputs | 59.1 | C/D | dilution, late filer |
| 295 | Frequency Electronics Inc. (FEIM) Frequency Electronics Inc. (FEIM) C/Don the C/D boundary; percentile 59.3 Nasdaq · Instruments For Meas & Testing of Electricity & Elec Signals market equity $842.3M; last close $74.60 No active warnings; 8 of 14 inputs | 59.3 | C/D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 49.8 | 2204 |
| sector peers, equal sleeves (the grade) | C/D | 58.3 | 497 |
| same exchange, equal sleeves | C | 48.4 | 1219 |
| sector peers, equal inputs | C/D | 60.7 | 497 |
Each letter is one fifth of the 497 graded peers, about 99 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (20.9%) | 2.2% | 30 | hotter than 30 of 100 peers |
| Distance from 52-week high | (8.3%) | (30.0%) | 82 | closer to its high than 82 of 100 peers |
| EBIT to enterprise value | 9.2% | 1.5% | 92 | pricier than 8 of 100 peers |
| Free cash flow yield | 3.0% | 2.7% | 54 | pricier than 46 of 100 peers |
| Book value to price | 0.85 | 0.23 | 86 | pricier than 14 of 100 peers |
| Sales to price | 2.07 | 0.30 | 90 | pricier than 10 of 100 peers |
| Composite equity issuance, five years | (4.0%) | 3.9% | 36 | more equity-funded than 36 of 100 peers |
| Relative strength against the sector, log excess return | (0.52) | (0.26) | 30 | ahead of 30 of 100 peers |
Inputs: market equity $690.0M; EBIT $66.1M; free cash flow $20.8M; book equity $585.1M; sales $1.4B; debt $116.2M; cash $88.9M[33].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 8 of 9, period end 2026-06-30 | ||
|---|---|---|
| Return on assets above zero | 2.6% | ✓ pass[13,15] |
| Operating cash flow above zero | $72.3M | ✓ pass[14] |
| Return on assets improved | 1.2 pts | ✓ pass[13,15,31,35] |
| Operating cash flow exceeds net income | $44.3M | ✓ pass[13-14] |
| Long-term leverage fell | (2.2 pts) | ✓ pass[1,7,10,15,31] |
| Current ratio improved | (10.9 pts) | ✗ fail[26-27,29-30] |
| No new shares issued | (1.0%) | ✓ pass[33-34] |
| Gross margin improved | 1.2 pts | ✓ pass[2-3,16-17] |
| Asset turnover improved | 9.8 pts | ✓ pass[2,15,17,31] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $88.9M[9] |
| Operating cash flow, four quarters | $72.3M[9,14,36-38] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 51 |
| 10-K received Aug 19, 2026 | |
| Median daily dollar volume | $4.7M |
| 63 sessions | |
| Days since newest grade input | 51 |
Downloads [top]
|
Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $1.1B | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.4B | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $117.5M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | $66.1M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $53.2M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | $25.3M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $116.2M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquity | $585.1M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $88.9M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebt | $147.1M | 2025-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $569.9M | 2025-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $88.8M | 2025-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | $28.0M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $72.3M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $1.1B | 2025-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $104.4M | 2025-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.5B | 2025-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $140.3M | 2024-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.7B | 2024-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 20 | gross profit | us-gaap:GrossProfit | $156.2M | 2023-06-30 | 2025-08-22 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.8B | 2023-06-30 | 2025-08-22 | 10-K | filing · viewer · series |
| 22 | gross profit | us-gaap:GrossProfit | $104.6M | 2022-06-30 | 2024-08-23 | 10-K | filing · viewer · series |
| 23 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.3B | 2022-06-30 | 2024-08-23 | 10-K | filing · viewer · series |
| 24 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $38.7M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 25 | interest expense | us-gaap:InterestExpense | $8.5M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 26 | current assets | us-gaap:AssetsCurrent | $693.0M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 27 | current liabilities | us-gaap:LiabilitiesCurrent | $332.1M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 28 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $51.5M | 2026-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 29 | current assets | us-gaap:AssetsCurrent | $699.6M | 2025-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 30 | current liabilities | us-gaap:LiabilitiesCurrent | $318.6M | 2025-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 31 | assets | us-gaap:Assets | $1.2B | 2024-06-30 | 2025-08-22 | 10-K | filing · viewer · series |
| 32 | assets | us-gaap:Assets | $1.3B | 2023-06-30 | 2024-08-23 | 10-K | filing · viewer · series |
| 33 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 23,966,995 | 2026-08-06 | 2026-08-19 | 10-K | filing · viewer · series |
| 34 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 24,218,517 | 2025-08-07 | 2025-08-22 | 10-K | filing · viewer · series |
| 35 | net income | us-gaap:NetIncomeLoss | $17.0M | 2025-06-30 | 2026-08-19 | 10-K | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $29.8M | 2026-03-31 | 2026-05-06 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $14.9M | 2025-12-31 | 2026-02-05 | 10-Q | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $8.1M | 2025-09-30 | 2025-11-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 58.3 is 1.7 points from the nearest band edge; sampling error is 2.2 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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