Employers Holdings, Inc. (EIG) Financial Ratios
21 years of historical data (2005–2025) · Financial Services · Insurance - Specialty
EV/EBITDA
↑
77.36
↑+234% vs avg
5yr avg: 23.16
30Y Low4.8·High73.7
P/FCF
↓
25.60
↓-47% vs avg
5yr avg: 48.27
30Y Low4.7·High164.4
P/B Ratio
↑
1.17
+5% vs avg
5yr avg: 1.11
30Y Low0.8·High2.3
ROE
↓
1.1%
↑-86% vs avg
5yr avg: 7.8%
30Y Low1%·High95%
Debt/EBITDA
↑
3.11
↑+140% vs avg
5yr avg: 1.30
30Y Low0.0·High3.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EIG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Employers Holdings, Inc. trades at 103.4x earnings, 244% above its 5-year average of 30.0x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 658%. On a free-cash-flow basis, the stock trades at 25.6x P/FCF, 47% below the 5-year average of 48.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.0B | $1.3B | $1.0B | $1.2B | $1.2B | $972M | $1.4B | $1.4B | $1.5B | $1.3B |
| Enterprise Value | $967M | $921M | $1.2B | $825M | $1.3B | $1.1B | $852M | $1.2B | $1.3B | $1.4B | $1.3B |
| P/E Ratio → | 103.38 | 95.93 | 10.88 | 8.85 | 24.65 | 9.92 | 8.11 | 8.64 | 9.90 | 14.51 | 12.22 |
| P/S Ratio | 1.27 | 1.21 | 1.47 | 1.23 | 1.67 | 1.68 | 1.37 | 1.63 | 1.75 | 1.84 | 1.67 |
| P/B Ratio | 1.17 | 1.09 | 1.21 | 1.03 | 1.26 | 0.98 | 0.80 | 1.17 | 1.37 | 1.55 | 1.55 |
| P/FCF | 25.60 | 24.52 | 18.05 | 22.14 | 12.28 | 164.38 | 35.36 | 12.31 | 8.22 | 10.95 | 11.09 |
| P/OCF | 24.34 | 23.31 | 16.89 | 21.15 | 11.96 | 109.58 | 29.46 | 11.09 | 7.76 | 10.32 | 10.63 |
P/E links to full P/E history page with 30-year chart
EIG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Employers Holdings, Inc.'s enterprise value stands at 77.4x EBITDA, 234% above its 5-year average of 23.2x. The Financial Services sector median is 11.4x, placing the stock at a 577% premium 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 | — | 1.07 | 1.39 | 0.97 | 1.82 | 1.60 | 1.20 | 1.46 | 1.65 | 1.77 | 1.63 |
| EV / EBITDA | 77.36 | 73.68 | 8.16 | 5.38 | 21.29 | 7.29 | 5.46 | 6.02 | 7.49 | 9.29 | 8.52 |
| EV / EBIT | 80.59 | 73.68 | 8.36 | 5.35 | 21.94 | 7.63 | 5.75 | 6.28 | 7.70 | 9.73 | 8.93 |
| EV / FCF | — | 21.67 | 17.16 | 17.47 | 13.38 | 156.25 | 30.97 | 11.06 | 7.75 | 10.55 | 10.79 |
EIG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Employers Holdings, Inc. earns an operating margin of 1.4%, below the Financial Services sector average of 20.3%. Operating margins have compressed from 17.4% to 1.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 1.1% is modest, trailing the sector median of 9.0%. ROIC of 1.0% represents below-average 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 | 32.2% | 32.2% | 36.7% | 40.6% | 31.8% | 44.3% | 46.4% | 45.7% | 41.2% | 36.4% | 35.7% |
| Operating Margin | 1.4% | 1.4% | 16.7% | 17.4% | 7.8% | 20.9% | 20.8% | 23.2% | 21.2% | 18.0% | 18.0% |
| Net Profit Margin | 1.3% | 1.3% | 13.5% | 13.9% | 6.8% | 17.0% | 16.8% | 18.8% | 17.7% | 12.7% | 13.7% |
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 | 1.1% | 1.1% | 11.4% | 12.1% | 4.5% | 9.8% | 10.1% | 14.4% | 14.4% | 11.3% | 13.3% |
| ROA | 0.3% | 0.3% | 3.3% | 3.3% | 1.3% | 3.1% | 3.0% | 4.0% | 3.6% | 2.7% | 2.8% |
| ROIC | 1.0% | 1.0% | 12.2% | 12.1% | 3.8% | 9.8% | 10.4% | 14.8% | 13.9% | 12.7% | 13.7% |
| ROCE | 1.1% | 1.1% | 9.0% | 8.9% | 4.4% | 10.7% | 3.7% | 4.9% | 4.4% | 3.8% | 3.8% |
EIG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Employers Holdings, Inc. carries a Debt/EBITDA ratio of 3.1x, which is moderately leveraged (27% below the sector average of 4.3x). The company holds a net cash position — cash of $160M exceeds total debt of $39M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 25.0x 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 | 0.04 | 0.04 | 0.00 | 0.01 | 0.21 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 |
| Debt / EBITDA | 3.11 | 3.11 | 0.03 | 0.04 | 3.21 | 0.11 | 0.26 | 0.09 | 0.11 | 0.13 | 0.21 |
| Net Debt / Equity | — | -0.13 | -0.06 | -0.22 | 0.11 | -0.05 | -0.10 | -0.12 | -0.08 | -0.06 | -0.04 |
| Net Debt / EBITDA | -9.67 | -9.67 | -0.43 | -1.44 | 1.75 | -0.38 | -0.77 | -0.68 | -0.46 | -0.35 | -0.24 |
| Debt / FCF | — | -2.84 | -0.90 | -4.67 | 1.10 | -8.13 | -4.38 | -1.24 | -0.48 | -0.40 | -0.30 |
| Interest Coverage | 25.00 | 25.00 | 1468.00 | 26.59 | 16.94 | 295.00 | 370.25 | 324.00 | 114.00 | 103.86 | 88.94 |
Net cash position: cash ($160M) exceeds total debt ($39M)
EIG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.82x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.18x to 0.82x 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 | 0.82 | 0.82 | 1.24 | 1.18 | 1.28 | 1.29 | — | — | 27.02 | 1.40 | 1.70 |
| Quick Ratio | 0.82 | 0.82 | 1.24 | 1.18 | 1.28 | 1.29 | — | — | 44.60 | 29.96 | 84.53 |
| Cash Ratio | 0.50 | 0.50 | 0.91 | 0.63 | 0.96 | 0.98 | — | — | 3.41 | 1.40 | 53.68 |
| Asset Turnover | — | 0.25 | 0.25 | 0.24 | 0.19 | 0.19 | 0.18 | 0.21 | 0.20 | 0.21 | 0.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
EIG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Employers Holdings, Inc. returns 19.5% to shareholders annually — split between a 2.7% dividend yield and 16.8% buyback yield. The payout ratio exceeds 100% at 276.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 1.0% (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 | 2.7% | 2.9% | 2.3% | 2.8% | 7.6% | 2.5% | 3.1% | 2.1% | 1.9% | 1.3% | 0.9% |
| Payout Ratio | 276.9% | 276.9% | 25.5% | 25.1% | 186.6% | 24.3% | 25.5% | 18.0% | 18.9% | 19.5% | 10.8% |
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 | 1.0% | 1.0% | 9.2% | 11.3% | 4.1% | 10.1% | 12.3% | 11.6% | 10.1% | 6.9% | 8.2% |
| FCF Yield | 3.9% | 4.1% | 5.5% | 4.5% | 8.1% | 0.6% | 2.8% | 8.1% | 12.2% | 9.1% | 9.0% |
| Buyback Yield | 16.8% | 17.5% | 3.3% | 7.3% | 2.5% | 3.6% | 10.2% | 5.0% | 0.3% | 0.0% | 1.6% |
| Total Shareholder Yield | 19.5% | 20.4% | 5.6% | 10.1% | 10.1% | 6.0% | 13.4% | 7.1% | 2.2% | 1.3% | 2.5% |
| Shares Outstanding | — | $24M | $25M | $27M | $28M | $29M | $30M | $33M | $33M | $33M | $33M |
Peer Comparison
Compare EIG 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 |
|---|---|---|---|---|---|---|---|---|---|
 EIGYou | $1B | 103.4 | 77.4 | 25.6 | 32.2% | 1.4% | 1.1% | 1.0% | 3.1 |
 KNTK | $3B | 17.9 | 13.0 | 43.4 | 18.4% | 9.3% | 6.0% | 1.9% | 7.1 |
 AMSF | $590M | 12.7 | 8.9 | 66.1 | 46.4% | 18.6% | 18.5% | 21.9% | 0.0 |
 HCI | $2B | 6.7 | 2.3 | 4.9 | 73.2% | 47.7% | 37.8% | 675.0% | 0.2 |
 ACGL | $33B | 7.9 | 6.7 | 5.4 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 HIG | $36B | 9.7 | 7.7 | 6.2 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 TRV | $67B | 11.3 | 8.9 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 CNA | $12B | 9.8 | 8.8 | 5.1 | 30.7% | 11.0% | 11.5% | 8.9% | 1.8 |
 SIGI | $6B | 12.4 | 10.4 | 4.5 | 40.9% | 11.0% | 13.9% | 10.9% | 1.4 |
 ERIE | $10B | 19.9 | 11.8 | 17.1 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 ADP | $86B | 21.5 | 15.6 | 18.1 | 50.8% | 26.3% | 76.0% | 47.1% | 1.5 |
| 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 · 21 years · Updated daily
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EIG — Frequently Asked Questions
Quick answers to the most common questions about buying EIG stock.
What is Employers Holdings, Inc.'s P/E ratio?
Employers Holdings, Inc.'s current P/E ratio is 103.4x. The historical average is 15.4x. This places it at the 100th percentile of its historical range.
What is Employers Holdings, Inc.'s EV/EBITDA?
Employers Holdings, Inc.'s current EV/EBITDA is 77.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
What is Employers Holdings, Inc.'s ROE?
Employers Holdings, Inc.'s return on equity (ROE) is 1.1%. The historical average is 20.8%.
Is EIG stock overvalued?
Based on historical data, Employers Holdings, Inc. is trading at a P/E of 103.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Employers Holdings, Inc.'s dividend yield?
Employers Holdings, Inc.'s current dividend yield is 2.66% with a payout ratio of 276.9%.
What are Employers Holdings, Inc.'s profit margins?
Employers Holdings, Inc. has 32.2% gross margin and 1.4% operating margin.
How much debt does Employers Holdings, Inc. have?
Employers Holdings, Inc.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.