Latest Ratios: P/E Ratio 9.8x · EV/EBITDA 8.4x · ROE 10.8%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $15.0B | $14.1B | $15.5B | $14.6B | $12.9B | $10.8B | $9.3B | $11.2B | $8.9B | $9.1B | $9.1B |
| Enterprise Value | $17.3B | $16.3B | $19.9B | $18.9B | $17.0B | $14.8B | $11.8B | $11.4B | $9.3B | $9.5B | $9.3B |
| P/E Ratio → | 9.84 | 8.96 | 11.41 | 5.87 | 21.81 | 7.91 | 18.32 | 11.21 | 86.07 | 19.48 | 9.14 |
| P/S Ratio | 0.87 | 0.81 | 0.91 | 1.01 | 1.08 | 0.95 | 0.97 | 1.36 | 1.21 | 1.38 | 1.57 |
| P/B Ratio | 1.00 | 0.91 | 1.12 | 1.11 | 1.53 | 1.06 | 0.96 | 1.23 | 1.13 | 1.09 | 1.13 |
| P/FCF | 4.41 | 4.13 | 3.12 | 3.21 | 3.50 | 2.81 | 3.24 | 6.04 | 14.61 | 7.86 | 6.58 |
| P/OCF | 4.41 | 4.13 | 3.12 | 3.21 | 3.50 | 2.81 | 3.24 | 6.04 | 14.61 | 7.86 | 6.58 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.94 | 1.16 | 1.31 | 1.41 | 1.30 | 1.23 | 1.39 | 1.26 | 1.44 | 1.60 |
| EV / EBITDA | 8.35 | 7.89 | 12.10 | 8.26 | 24.60 | 9.13 | 18.98 | 10.09 | — | 21.13 | 8.15 |
| EV / EBIT | 8.84 | 7.89 | 12.10 | 8.26 | 24.60 | 9.13 | 18.98 | 10.09 | — | 21.13 | 8.15 |
| EV / FCF | — | 4.80 | 4.01 | 4.15 | 4.59 | 3.85 | 4.10 | 6.16 | 15.22 | 8.20 | 6.69 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 20.5% | 20.5% | 14.5% | 21.3% | 11.3% | 15.3% | 12.2% | 19.5% | 2.6% | 12.0% | 25.3% |
| Operating Margin | 11.3% | 11.3% | 8.8% | 14.9% | 4.9% | 13.6% | 6.1% | 13.4% | -3.3% | 6.3% | 19.0% |
| Net Profit Margin | 9.2% | 9.2% | 8.0% | 17.4% | 5.0% | 12.2% | 5.4% | 12.3% | 1.2% | 7.3% | 17.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.8% | 10.8% | 10.1% | 23.3% | 6.4% | 13.9% | 5.5% | 11.9% | 1.1% | 5.9% | 12.7% |
| ROA | 2.7% | 2.7% | 2.6% | 5.6% | 1.5% | 3.9% | 1.7% | 3.9% | 0.4% | 2.1% | 4.7% |
| ROIC | 8.1% | 8.1% | 6.3% | 10.8% | 3.3% | 8.8% | 4.1% | 9.4% | -2.1% | 3.7% | 10.2% |
| ROCE | 10.9% | 10.9% | 9.7% | 17.4% | 5.5% | 17.2% | 2.0% | 4.2% | -1.0% | 1.9% | 5.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.43 | 0.43 | 0.64 | 0.54 | 0.34 | 0.11 | 0.13 | 0.12 | 0.08 |
| Debt / EBITDA | 1.74 | 1.74 | 3.62 | 2.51 | 7.88 | 3.36 | 5.29 | 0.91 | — | 2.28 | 0.56 |
| Net Debt / Equity | — | 0.15 | 0.32 | 0.33 | 0.48 | 0.39 | 0.26 | 0.02 | 0.05 | 0.05 | 0.02 |
| Net Debt / EBITDA | 1.10 | 1.10 | 2.67 | 1.88 | 5.85 | 2.47 | 4.00 | 0.20 | — | 0.88 | 0.13 |
| Debt / FCF | — | 0.67 | 0.89 | 0.94 | 1.09 | 1.04 | 0.86 | 0.12 | 0.61 | 0.34 | 0.11 |
| Interest Coverage | 14.88 | 14.88 | 11.02 | 17.07 | 6.82 | 23.09 | 17.25 | 35.68 | -6.80 | 14.27 | 31.36 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.76 | 0.76 | 0.78 | 0.74 | 0.63 | 1.17 | — | — | — | — | — |
| Quick Ratio | 0.76 | 0.76 | 0.78 | 0.74 | 0.63 | 1.17 | — | — | — | — | — |
| Cash Ratio | 0.46 | 0.46 | 0.51 | 0.48 | 0.39 | 0.94 | — | — | — | — | — |
| Asset Turnover | — | 0.28 | 0.30 | 0.29 | 0.30 | 0.30 | 0.29 | 0.30 | 0.30 | 0.28 | 0.27 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 2.2% | 2.4% | 2.2% | 2.0% | 2.0% | 2.3% | 2.7% | 2.1% | 2.4% | 2.3% | 2.1% |
| Payout Ratio | 21.1% | 21.1% | 24.3% | 11.4% | 42.7% | 17.9% | 48.4% | 23.2% | 242.8% | 42.9% | 19.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.2% | 11.2% | 8.8% | 17.0% | 4.6% | 12.6% | 5.5% | 8.9% | 1.2% | 5.1% | 10.9% |
| FCF Yield | 22.7% | 24.2% | 32.0% | 31.2% | 28.6% | 35.6% | 30.9% | 16.6% | 6.8% | 12.7% | 15.2% |
| Buyback Yield | 5.5% | 5.8% | 1.3% | 0.2% | 0.5% | 2.1% | 2.2% | 0.2% | 0.8% | 0.5% | 4.2% |
| Total Shareholder Yield | 7.6% | 8.2% | 3.5% | 2.1% | 2.4% | 4.4% | 4.8% | 2.3% | 3.3% | 2.8% | 6.4% |
| Shares Outstanding | — | $41M | $43M | $41M | $39M | $39M | $40M | $40M | $41M | $41M | $42M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying EG stock.
Everest Group, Ltd.'s current P/E ratio is 9.8x. The historical average is 13.5x. This places it at the 59th percentile of its historical range.
Everest Group, Ltd.'s current EV/EBITDA is 8.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
Everest Group, Ltd.'s return on equity (ROE) is 10.8%. The historical average is 10.7%.
Based on historical data, Everest Group, Ltd. is trading at a P/E of 9.8x. This is at the 59th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Everest Group, Ltd.'s current dividend yield is 2.17% with a payout ratio of 21.1%.
Everest Group, Ltd. has 20.5% gross margin and 11.3% operating margin. Operating margin between 10-20% is typical for established companies.
Everest Group, Ltd.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Catastrophe loss volatility
Metrics are mathematically derived from official filings.
Discount Reflecting Earnings Volatility
Everest trades at 0.99x book and 9.77x trailing earnings, a discount to peers like TRV at 2.6x book, suggesting the market prices in underwriting volatility. According to quarterly data, the P/B has hovered near 1.0x despite a strong 2026Q1 ROE of 4.2%.
The near-1.0x P/B implies the market assigns little franchise value beyond tangible book, likely due to the extreme swings in underwriting results, from a 116.1% combined ratio in 2024Q4 to 81.9% in 2026Q1. The forward P/E of 7.0x suggests expectations of normalized earnings, but investors should monitor whether reserve releases are masking underlying deterioration. The discount to peers like ACGL (P/B 1.53x) may be justified by Everest's higher catastrophe exposure and less consistent ROE.
Combined Ratio Swings on Catastrophes
Everest's combined ratio improved from 116.1% in 2024Q4 to 81.9% in 2026Q1, but the loss ratio spiked to 82.8% in 2026Q2, indicating ongoing volatility. As reported in financial statements, the 2024Q4 loss ratio of 110% reflects major catastrophe losses.
The 2026Q2 loss ratio of 82.8% is elevated compared to the 54.5% in 2026Q1, suggesting a return to higher current accident year losses, possibly from mid-year catastrophes. The expense ratio in 2026Q1 was 27.4%, up from 6.4% in 2025Q1, which may indicate a shift in business mix or one-time costs. The combined ratio trajectory shows improvement from the 2024Q4 trough, but the 2026Q2 data point warns that underwriting profitability remains fragile and sensitive to loss events.
ROE Recovery Tempered by Investment Opacity
ROE rebounded from -4.1% in 2024Q4 to 3.6% in 2026Q2, but the contribution of investment income remains unclear due to missing data. Based on reported figures, underwriting margins swung from -16.1% to 18.1%, driving most of the ROE volatility.
The decomposition of ROE is challenging because investment income data is unavailable, but the underwriting margin swings (from -16.1% to 18.1%) suggest that underwriting results, not investment yield, are the primary driver of earnings variability. The 2026Q2 ROE of 3.6% annualizes to roughly 14%, which is competitive with peers like RNR (13.9%), but the quarterly volatility is much higher. Investors should seek additional disclosure on investment income to fully assess the sustainability of ROE.
Underwriting Leverage Appears Contained
Everest's debt-to-equity ratio improved from 0.43 in 2024Q4 to 0.23 in 2026Q1, indicating reduced financial leverage. As per balance sheet data, equity grew to $15.4B, supporting a premium-to-surplus ratio that appears within rating agency guidelines.
The D/E of 0.23 is conservative relative to peers like TRV (0.28) and MKL (0.23), and the interest coverage of 21.4x in 2026Q1 is strong, suggesting ample capacity to service debt. The reduction in leverage from 0.43 to 0.23 likely reflects a combination of equity growth and debt repayment, which strengthens the capital base. However, the premium-to-surplus ratio is not directly disclosed, but the decelerating premium growth (-10.1% in 2026Q2) may reduce underwriting leverage, providing a buffer against catastrophe losses.
Trading at Discount to Reinsurance Peers
Everest's P/B of 0.99x is below the peer average of ~1.3x, and its ROE of 13.9% (annualized from 2026Q2) is in line with RNR but below TRV's 25.6%. According to peer data, Everest's combined ratio volatility is higher than ACGL's, justifying the valuation gap.
Compared to RenaissanceRe (P/B 0.74x) and Arch Capital (P/B 1.53x), Everest trades in the middle, but its earnings quality is questioned by the extreme combined ratio swings. The 2024Q4 combined ratio of 116.1% was far worse than any peer's recent performance, indicating a higher beta to catastrophe losses. The forward P/E of 7.0x is lower than TRV's 13.69x, suggesting the market expects lower growth or higher risk. Investors should monitor whether Everest can achieve more stable underwriting results to justify a re-rating toward peers.
Combined Ratio Masks Reserve Releases
The combined ratio is the most misapplied metric for Everest because it can be distorted by reserve releases, as seen in the swing from 116.1% in 2024Q4 to 81.9% in 2026Q1. Based on reported figures, the loss ratio dropped to 54.5% in 2026Q1, likely due to favorable prior-year development.
Investors often focus on the combined ratio as a measure of underwriting profitability, but for Everest, it may overstate current accident year performance when reserve releases are significant. The 2026Q1 loss ratio of 54.5% is implausibly low for a reinsurer, suggesting that prior-year reserves were released, boosting the combined ratio. An alternative metric is the current accident year loss ratio excluding reserve development, which would provide a clearer picture of underlying underwriting performance. Given the volatility in reserve releases, investors should adjust the combined ratio for reserve development to assess true underwriting profitability.