Donegal Group Inc. (DGICA) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↓
6.29
↓-93% vs avg
5yr avg: 92.32
30Y Low5.7·High50.6
P/FCF
↑
8.91
-2% vs avg
5yr avg: 9.05
30Y Low2.9·High17.4
P/B Ratio
↑
0.84
-10% vs avg
5yr avg: 0.93
30Y Low0.7·High1.6
ROE
↑
13.4%
↓+134% vs avg
5yr avg: 5.7%
30Y Low-8%·High14%
Debt/EBITDA
↓
0.35
↓-95% vs avg
5yr avg: 6.93
30Y Low0.1·High29.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DGICA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Donegal Group Inc. trades at 7.9x earnings, 77% below its 5-year average of 34.2x, sitting at the 5th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 40%. On a free-cash-flow basis, the stock trades at 8.9x P/FCF, roughly in line with the 5-year average of 9.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $625M | $624M | $512M | $464M | $454M | $445M | $415M | $426M | $390M | $488M | $474M |
| Enterprise Value | $634M | $633M | $494M | $475M | $464M | $422M | $401M | $417M | $403M | $514M | $523M |
| P/E Ratio → | 7.90 | 9.17 | 10.11 | 99.93 | — | 17.64 | 7.69 | 9.04 | — | 69.20 | 15.33 |
| P/S Ratio | 0.64 | 0.64 | 0.52 | 0.50 | 0.54 | 0.54 | 0.53 | 0.53 | 0.51 | 0.66 | 0.69 |
| P/B Ratio | 0.84 | 0.97 | 0.94 | 0.97 | 0.94 | 0.84 | 0.80 | 0.95 | 0.98 | 1.09 | 1.08 |
| P/FCF | 8.91 | 8.89 | 7.59 | 16.22 | 6.77 | 5.79 | 4.10 | 5.60 | 6.13 | 6.11 | 7.94 |
| P/OCF | 8.91 | 8.89 | 7.59 | 16.20 | 6.77 | 5.79 | 4.10 | 5.58 | 6.12 | 6.03 | 7.89 |
P/E links to full P/E history page with 30-year chart
DGICA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Donegal Group Inc.'s enterprise value stands at 6.3x EBITDA, 93% below its 5-year average of 92.3x. The Financial Services sector median is 11.5x, placing the stock at a 45% 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 | — | 0.65 | 0.50 | 0.51 | 0.55 | 0.52 | 0.52 | 0.51 | 0.52 | 0.70 | 0.76 |
| EV / EBITDA | 6.29 | 6.28 | 7.46 | 50.57 | 385.62 | 11.66 | 5.74 | 6.66 | — | 28.22 | 10.92 |
| EV / EBIT | 6.49 | 6.39 | 7.80 | 83.55 | — | 13.51 | 6.23 | 7.11 | — | 37.52 | 12.17 |
| EV / FCF | — | 9.01 | 7.32 | 16.61 | 6.92 | 5.50 | 3.97 | 5.47 | 6.33 | 6.44 | 8.77 |
DGICA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Donegal Group Inc. earns an operating margin of 10.0%, below the Financial Services sector average of 21.6%. Operating margins have expanded from 0.5% to 10.0% over the past 3 years, signaling improving operational efficiency. ROE of 13.4% is modest. ROIC of 12.4% represents solid returns on invested capital versus a sector median of 5.7%.
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 | 26.7% | 26.7% | 22.8% | 17.7% | 16.7% | 20.5% | 25.6% | 22.6% | 9.3% | 18.3% | 22.7% |
| Operating Margin | 10.0% | 10.0% | 6.3% | 0.5% | -0.4% | 3.7% | 8.1% | 7.0% | -6.3% | 1.6% | 6.0% |
| Net Profit Margin | 8.1% | 8.1% | 5.1% | 0.5% | -0.2% | 3.1% | 6.8% | 5.8% | -4.3% | 1.0% | 4.5% |
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 | 13.4% | 13.4% | 9.9% | 0.9% | -0.4% | 4.8% | 10.9% | 11.1% | -7.7% | 1.6% | 7.3% |
| ROA | 3.4% | 3.4% | 2.2% | 0.2% | -0.1% | 1.1% | 2.6% | 2.5% | -1.8% | 0.4% | 1.9% |
| ROIC | 12.4% | 12.4% | 9.2% | 0.8% | -0.5% | 4.5% | 10.0% | 10.0% | -8.2% | 1.9% | 6.5% |
| ROCE | 16.2% | 16.2% | 12.0% | 1.0% | -0.7% | 6.0% | 3.1% | — | -2.7% | — | — |
DGICA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Donegal Group Inc. carries a Debt/EBITDA ratio of 0.3x, which is very conservative (92% below the sector average of 4.1x). Net debt stands at $8M ($35M total debt minus $27M cash). Interest coverage of 73.3x 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 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.17 | 0.09 | 0.16 | 0.14 | 0.17 |
| Debt / EBITDA | 0.35 | 0.35 | 0.53 | 3.73 | 29.08 | 0.97 | 1.29 | 0.64 | — | 3.51 | 1.54 |
| Net Debt / Equity | — | 0.01 | -0.03 | 0.02 | 0.02 | -0.04 | -0.03 | -0.02 | 0.03 | 0.06 | 0.11 |
| Net Debt / EBITDA | 0.08 | 0.08 | -0.27 | 1.19 | 8.21 | -0.63 | -0.19 | -0.15 | — | 1.44 | 1.03 |
| Debt / FCF | — | 0.12 | -0.27 | 0.39 | 0.15 | -0.30 | -0.13 | -0.12 | 0.19 | 0.33 | 0.83 |
| Interest Coverage | 73.26 | 73.26 | 66.90 | 9.17 | -4.86 | 34.87 | 53.89 | 37.14 | -19.95 | 8.60 | 25.93 |
DGICA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.74x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.82x to 0.74x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.74 | 0.74 | 0.84 | 0.82 | 0.81 | 0.85 | — | 0.03 | 17.19 | 1.26 | 1.02 |
| Quick Ratio | 0.74 | 0.74 | 0.84 | 0.82 | 0.81 | 0.85 | — | 0.04 | 21.38 | 0.02 | 0.02 |
| Cash Ratio | 0.30 | 0.30 | 0.39 | 0.36 | 0.35 | 0.36 | — | 0.02 | 9.18 | 0.01 | 0.01 |
| Asset Turnover | — | 0.41 | 0.42 | 0.41 | 0.38 | 0.36 | 0.36 | 0.42 | 0.42 | 0.42 | 0.42 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
DGICA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Donegal Group Inc. returns 4.8% to shareholders annually primarily through dividends. The payout ratio of 32.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 12.7% (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 | 4.8% | 4.1% | 4.4% | 4.7% | 4.5% | 4.3% | 4.1% | 3.8% | 4.0% | 3.0% | 3.0% |
| Payout Ratio | 32.4% | 32.4% | 44.6% | 494.7% | — | 75.6% | 32.1% | 34.1% | — | 208.3% | 45.7% |
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 | 12.7% | 10.9% | 9.9% | 1.0% | — | 5.7% | 13.0% | 11.1% | — | 1.4% | 6.5% |
| FCF Yield | 11.2% | 11.2% | 13.2% | 6.2% | 14.8% | 17.3% | 24.4% | 17.9% | 16.3% | 16.4% | 12.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.8% | 4.1% | 4.4% | 4.7% | 4.5% | 4.3% | 4.1% | 3.8% | 4.0% | 3.0% | 3.0% |
| Shares Outstanding | — | $31M | $33M | $33M | $32M | $31M | $29M | $29M | $29M | $28M | $27M |
Peer Comparison
Compare DGICA 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 |
|---|---|---|---|---|---|---|---|---|---|
 DGICAYou | $625M | 7.9 | 6.3 | 8.9 | 26.7% | 10.0% | 13.4% | 12.4% | 0.3 |
 ERIE | $10B | 20.4 | 12.1 | 17.5 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 KMPR | $2B | 12.8 | 11.1 | 3.1 | 29.7% | 3.3% | 5.3% | 3.1% | 4.3 |
 HRTG | $861M | 4.4 | 1.5 | 4.9 | 63.0% | 30.6% | 49.1% | 1539.6% | 0.4 |
 NODK | $267M | — | — | 133.0 | — | — | — | — | — |
 ACNB | $549M | 14.7 | 16.1 | 10.4 | 73.7% | 27.3% | 10.2% | 5.3% | 6.2 |
 THG | $7B | 10.1 | 7.5 | 5.6 | 43.5% | 12.8% | 20.7% | 18.5% | 1.4 |
 CINF | $25B | 10.7 | 7.8 | 8.2 | 50.1% | 23.6% | 16.0% | 15.3% | 0.3 |
 SIGI | $5B | 11.3 | 9.6 | 4.1 | 40.9% | 11.0% | 13.9% | 10.9% | 1.4 |
 PLMR | $3B | 15.8 | 11.1 | 7.4 | 73.9% | 28.9% | 23.6% | 25.5% | 0.0 |
 PGR | $115B | 13.6 | 11.0 | 7.7 | 27.7% | 14.2% | 37.0% | 27.0% | 0.6 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
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Start ComparisonDGICA — Frequently Asked Questions
Quick answers to the most common questions about buying DGICA stock.
What is Donegal Group Inc.'s P/E ratio?
Donegal Group Inc.'s current P/E ratio is 7.9x. The historical average is 22.6x. This places it at the 5th percentile of its historical range.
What is Donegal Group Inc.'s EV/EBITDA?
Donegal Group Inc.'s current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
What is Donegal Group Inc.'s ROE?
Donegal Group Inc.'s return on equity (ROE) is 13.4%. The historical average is 7.1%.
Is DGICA stock overvalued?
Based on historical data, Donegal Group Inc. is trading at a P/E of 7.9x. This is at the 5th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Donegal Group Inc.'s dividend yield?
Donegal Group Inc.'s current dividend yield is 4.77% with a payout ratio of 32.4%.
What are Donegal Group Inc.'s profit margins?
Donegal Group Inc. has 26.7% gross margin and 10.0% operating margin.
How much debt does Donegal Group Inc. have?
Donegal Group Inc.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.