Kroll continue to update UK cost of capital data at their Cost of Capital Resource Center. Kroll has left unchanged (until further notice) its recommended German normalized risk-free rate of 1.5% and its current eurozone equity risk premium range of 5.5% to 6.0% (from a German investor’s perspective). The U.S. comparables are 3.0% and 5.5%, respectively, driven by US Federal Reserve actions and inflation.

Kroll has published its recommended eurozone ERP and corresponding risk-free rate since 2019. They regularly reassess ERP and risk-free rate assumptions since they are essential inputs to any capital asset pricing model (CAPM) analysis.