For an edge‐weighted connected undirected graph, the minimum k‐way cut problem is to find a subset of edges of minimum total weight whose removal separates the graph into k connected components. The problem is NP‐hard when k is part of the input and W[1]‐hard when k is taken as a parameter. A simple algorithm for approximating a minimum k‐way cut is to iteratively increase the number of components of the graph by h-1, where 2≤h≤k, until the graph has k components. The approximation ratio of this algorithm is known for h≤3 but is open for h≥4. In this paper, we consider a general algorithm that successively increases the number of components of the graph by h
i
-1, where 2≤h
1≤h
2≤…≤h
q
and Σ
i=1
q
(h
i
-1)=k-1. We prove that the approximation ratio of this general algorithm is
,
which is tight.
Our result implies that the approximation ratio of the simple iterative algorithm is 2-h/k+O(h
2/k
2) in general and 2-h/k if k-1 is a multiple of h-1.