Cincinnati Financial Corporation (CINF) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↑
8.24
↑+21% vs avg
5yr avg: 6.80
30Y Low4.8·High55.5
P/FCF
↓
8.57
+1% vs avg
5yr avg: 8.48
30Y Low8.0·High27.9
P/B Ratio
↑
1.69
+12% vs avg
5yr avg: 1.51
30Y Low0.9·High1.8
ROE
↓
16.0%
↓+14% vs avg
5yr avg: 14.1%
30Y Low-4%·High25%
Debt/EBITDA
↑
0.28
↓-4% vs avg
5yr avg: 0.29
30Y Low0.2·High4.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CINF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cincinnati Financial Corporation trades at 11.2x earnings, 25% above its 5-year average of 9.0x, sitting at the 31st percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 17%. On a free-cash-flow basis, the stock trades at 8.6x P/FCF, roughly in line with the 5-year average of 8.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $26.5B | $25.8B | $22.7B | $16.4B | $16.3B | $18.5B | $14.2B | $17.4B | $12.7B | $12.4B | $12.6B |
| Enterprise Value | $26.0B | $25.2B | $22.6B | $16.3B | $15.9B | $18.3B | $14.2B | $17.5B | $12.8B | $12.6B | $12.7B |
| P/E Ratio → | 11.22 | 10.77 | 9.89 | 8.87 | — | 6.29 | 11.66 | 8.69 | 44.49 | 11.92 | 21.34 |
| P/S Ratio | 2.10 | 2.04 | 2.00 | 1.63 | 2.48 | 1.93 | 1.88 | 2.19 | 2.36 | 2.17 | 2.31 |
| P/B Ratio | 1.69 | 1.62 | 1.63 | 1.35 | 1.54 | 1.41 | 1.32 | 1.76 | 1.63 | 1.51 | 1.79 |
| P/FCF | 8.57 | 8.33 | 8.63 | 8.04 | 7.98 | 9.43 | 9.65 | 14.66 | 10.97 | 12.01 | 11.57 |
| P/OCF | 8.51 | 8.28 | 8.56 | 7.97 | 7.92 | 9.36 | 9.52 | 14.37 | 10.78 | 11.83 | 11.43 |
P/E links to full P/E history page with 30-year chart
CINF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cincinnati Financial Corporation's enterprise value stands at 8.2x EBITDA, 21% above its 5-year average of 6.8x. The Financial Services sector median is 11.4x, placing the stock at a 28% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.00 | 1.99 | 1.63 | 2.42 | 1.90 | 1.88 | 2.21 | 2.37 | 2.20 | 2.33 |
| EV / EBITDA | 8.24 | 8.01 | 7.55 | 6.84 | — | 4.79 | 8.82 | 6.87 | 40.82 | 16.10 | 14.75 |
| EV / EBIT | 8.71 | 8.31 | 7.75 | 7.01 | — | 4.88 | 9.14 | 6.92 | 42.16 | 16.14 | 14.66 |
| EV / FCF | — | 8.16 | 8.59 | 8.03 | 7.80 | 9.31 | 9.65 | 14.76 | 11.04 | 12.20 | 11.63 |
CINF Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cincinnati Financial Corporation earns an operating margin of 23.6%, above the Financial Services sector average of 20.3%. ROE of 16.0% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 15.3% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.1% | 50.1% | 49.4% | 47.3% | 23.5% | 59.4% | 45.1% | 54.1% | 35.5% | 40.9% | 43.0% |
| Operating Margin | 23.6% | 23.6% | 25.2% | 22.7% | -10.6% | 38.4% | 19.9% | 31.2% | 4.6% | 12.7% | 14.9% |
| Net Profit Margin | 18.9% | 18.9% | 20.2% | 18.4% | -7.4% | 30.8% | 16.1% | 25.2% | 5.3% | 18.2% | 10.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.0% | 16.0% | 17.6% | 16.3% | -4.1% | 24.8% | 11.8% | 22.6% | 3.6% | 13.7% | 8.8% |
| ROA | 6.2% | 6.2% | 6.6% | 5.9% | -1.6% | 10.1% | 4.6% | 8.4% | 1.3% | 4.9% | 3.0% |
| ROIC | 15.3% | 15.3% | 16.6% | 15.3% | -4.5% | 23.5% | 10.8% | 20.7% | 2.3% | 7.0% | 8.8% |
| ROCE | 14.0% | 14.0% | 14.9% | 13.1% | -3.9% | 21.6% | 5.7% | 10.4% | 1.1% | 3.5% | 4.1% |
CINF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cincinnati Financial Corporation carries a Debt/EBITDA ratio of 0.3x, which is very conservative (93% below the sector average of 4.3x). The company holds a net cash position — cash of $1.4B exceeds total debt of $886M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 572.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.07 | 0.08 | 0.09 | 0.11 | 0.10 | 0.12 |
| Debt / EBITDA | 0.28 | 0.28 | 0.29 | 0.37 | — | 0.24 | 0.56 | 0.35 | 2.76 | 1.08 | 0.98 |
| Net Debt / Equity | — | -0.03 | -0.01 | -0.00 | -0.04 | -0.02 | -0.00 | 0.01 | 0.01 | 0.02 | 0.01 |
| Net Debt / EBITDA | -0.17 | -0.17 | -0.04 | -0.01 | — | -0.06 | -0.00 | 0.05 | 0.26 | 0.25 | 0.08 |
| Debt / FCF | — | -0.18 | -0.04 | -0.02 | -0.18 | -0.12 | -0.00 | 0.10 | 0.07 | 0.19 | 0.06 |
| Interest Coverage | 572.26 | 572.26 | 54.92 | 43.15 | -12.09 | 70.77 | 28.76 | 47.64 | 5.74 | 14.77 | 16.32 |
Net cash position: cash ($1.4B) exceeds total debt ($886M)
CINF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.29x means Cincinnati Financial Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.29 | 1.29 | 1.31 | 1.26 | 1.26 | 1.38 | — | — | — | — | — |
| Quick Ratio | 1.29 | 1.29 | 1.31 | 1.26 | 1.26 | 1.38 | — | — | — | — | — |
| Cash Ratio | 1.06 | 1.06 | 1.07 | 1.01 | 1.02 | 1.14 | — | — | — | — | — |
| Asset Turnover | — | 0.31 | 0.31 | 0.31 | 0.22 | 0.31 | 0.27 | 0.31 | 0.25 | 0.26 | 0.27 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CINF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cincinnati Financial Corporation returns 2.7% to shareholders annually — split between a 2.0% dividend yield and 0.8% buyback yield. The payout ratio of 21.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.0% | 2.0% | 2.2% | 2.8% | 2.6% | 2.1% | 2.6% | 2.0% | 2.6% | 3.2% | 2.4% |
| Payout Ratio | 21.9% | 21.9% | 21.4% | 24.6% | — | 13.3% | 30.8% | 17.8% | 117.1% | 38.3% | 51.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.9% | 9.3% | 10.1% | 11.3% | — | 15.9% | 8.6% | 11.5% | 2.2% | 8.4% | 4.7% |
| FCF Yield | 11.7% | 12.0% | 11.6% | 12.4% | 12.5% | 10.6% | 10.4% | 6.8% | 9.1% | 8.3% | 8.6% |
| Buyback Yield | 0.8% | 0.8% | 0.6% | 0.4% | 2.5% | 0.8% | 1.8% | 0.4% | 1.0% | 0.7% | 0.3% |
| Total Shareholder Yield | 2.7% | 2.8% | 2.7% | 3.2% | 5.1% | 2.9% | 4.5% | 2.4% | 3.6% | 4.0% | 2.7% |
| Shares Outstanding | — | $158M | $158M | $158M | $159M | $163M | $162M | $165M | $165M | $166M | $167M |
Peer Comparison
Compare CINF with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CINFYou | $26B | 11.2 | 8.2 | 8.6 | 50.1% | 23.6% | 16.0% | 15.3% | 0.3 |
 CB | $126B | 12.6 | 10.9 | 8.7 | 29.4% | 21.8% | 13.9% | 10.8% | 1.7 |
 TRV | $67B | 11.2 | 8.8 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 HIG | $35B | 9.6 | 7.7 | 6.1 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 WRB | $25B | 15.1 | 11.1 | 7.3 | 19.8% | 15.9% | 19.6% | 18.2% | 1.2 |
 ERIE | $10B | 20.8 | 12.4 | 17.9 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 KMPR | $1B | 10.9 | 10.0 | 2.7 | 29.7% | 3.3% | 5.3% | 3.1% | 4.3 |
 ALL | $57B | 5.8 | 4.7 | 5.8 | 33.2% | 19.8% | 39.6% | 29.8% | 0.5 |
 PGR | $120B | 14.2 | 11.5 | 8.1 | 27.7% | 14.2% | 37.0% | 27.0% | 0.6 |
 MKL | $23B | 10.9 | 8.0 | 9.0 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 SIGI | $6B | 12.3 | 10.4 | 4.5 | 40.9% | 11.0% | 13.9% | 10.9% | 1.4 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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CINF — Frequently Asked Questions
Quick answers to the most common questions about buying CINF stock.
What is Cincinnati Financial Corporation's P/E ratio?
Cincinnati Financial Corporation's current P/E ratio is 11.2x. The historical average is 18.1x. This places it at the 31th percentile of its historical range.
What is Cincinnati Financial Corporation's EV/EBITDA?
Cincinnati Financial Corporation's current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.0x.
What is Cincinnati Financial Corporation's ROE?
Cincinnati Financial Corporation's return on equity (ROE) is 16.0%. The historical average is 9.4%.
Is CINF stock overvalued?
Based on historical data, Cincinnati Financial Corporation is trading at a P/E of 11.2x. This is at the 31th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Cincinnati Financial Corporation's dividend yield?
Cincinnati Financial Corporation's current dividend yield is 1.96% with a payout ratio of 21.9%.
What are Cincinnati Financial Corporation's profit margins?
Cincinnati Financial Corporation has 50.1% gross margin and 23.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Cincinnati Financial Corporation have?
Cincinnati Financial Corporation's Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.