Greenlight Capital Re, Ltd. (GLRE) Financial Ratios
21 years of historical data (2005–2025) · Financial Services · Insurance - Reinsurance
EV/EBITDA
↓
5.13
↓-45% vs avg
5yr avg: 9.37
30Y Low4.0·High92.9
P/FCF
↓
2.54
↓-87% vs avg
5yr avg: 19.89
30Y Low2.4·High52.9
P/B Ratio
↑
0.78
+17% vs avg
5yr avg: 0.67
30Y Low0.6·High1.2
ROE
↑
11.1%
↓+30% vs avg
5yr avg: 8.6%
30Y Low-53%·High34%
Debt/EBITDA
↓
0.06
↓-97% vs avg
5yr avg: 1.97
30Y Low0.1·High14.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GLRE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Greenlight Capital Re, Ltd. trades at 7.4x earnings, 27% below its 5-year average of 10.1x, sitting at the 29th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 45%. On a free-cash-flow basis, the stock trades at 2.5x P/FCF, 87% below the 5-year average of 19.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $533M | $503M | $485M | $397M | $324M | $269M | $265M | $365M | $310M | $744M | $851M |
| Enterprise Value | $426M | $396M | $481M | $420M | $366M | $291M | $352M | $432M | $383M | $724M | $834M |
| P/E Ratio → | 7.41 | 6.72 | 11.29 | 4.57 | 12.73 | 15.37 | 66.45 | — | — | — | 19.00 |
| P/S Ratio | 0.77 | 0.72 | 0.75 | 0.63 | 0.68 | 0.47 | 0.55 | 0.74 | 1.27 | 1.15 | 1.45 |
| P/B Ratio | 0.78 | 0.71 | 0.76 | 0.67 | 0.64 | 0.57 | 0.57 | 0.76 | 0.65 | 0.87 | 0.95 |
| P/FCF | 2.54 | 2.39 | 4.35 | 52.94 | — | — | — | 223.64 | — | 7.88 | — |
| P/OCF | 2.54 | 2.39 | 4.35 | 52.94 | — | — | — | 223.64 | — | 7.88 | — |
P/E links to full P/E history page with 30-year chart
GLRE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Greenlight Capital Re, Ltd.'s enterprise value stands at 5.1x EBITDA, 45% below its 5-year average of 9.4x. The Financial Services sector median is 11.4x, placing the stock at a 55% 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 | — | 0.57 | 0.74 | 0.66 | 0.77 | 0.51 | 0.74 | 0.88 | 1.57 | 1.12 | 1.42 |
| EV / EBITDA | 5.13 | 4.77 | 9.12 | 4.42 | 14.89 | 13.64 | 53.41 | — | — | — | 17.52 |
| EV / EBIT | 5.44 | 4.77 | 9.12 | 4.42 | 10.34 | 7.42 | 33.31 | 156.69 | — | — | 17.67 |
| EV / FCF | — | 1.88 | 4.32 | 55.89 | — | — | — | 265.15 | — | 7.66 | — |
GLRE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Greenlight Capital Re, Ltd. earns an operating margin of 11.2%, below the Financial Services sector average of 20.3%. Operating margins have compressed from 13.7% to 11.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.1% is modest. ROIC of 9.5% represents adequate 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 | 40.9% | 40.9% | 6.8% | 16.4% | 3.8% | 8.9% | 6.6% | -2.9% | -108.9% | -2.9% | 12.4% |
| Operating Margin | 11.2% | 11.2% | 6.7% | 13.7% | 5.1% | 3.7% | 0.9% | -0.7% | -145.2% | -6.9% | 8.0% |
| Net Profit Margin | 10.7% | 10.7% | 6.6% | 13.7% | 5.3% | 3.1% | 0.8% | -0.8% | -143.6% | -7.0% | 7.6% |
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 | 11.1% | 11.1% | 7.0% | 15.8% | 5.2% | 3.7% | 0.8% | -0.8% | -52.6% | -5.2% | 5.2% |
| ROA | 3.6% | 3.6% | 2.3% | 5.2% | 1.7% | 1.3% | 0.3% | -0.3% | -14.6% | -1.5% | 1.7% |
| ROIC | 9.5% | 9.5% | 5.2% | 11.2% | 3.5% | 3.0% | 0.6% | -0.5% | -38.4% | -3.9% | 4.4% |
| ROCE | 6.0% | 6.0% | 2.5% | 5.2% | 1.6% | 3.9% | 0.3% | -0.3% | -22.9% | -1.9% | 2.1% |
GLRE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Greenlight Capital Re, Ltd. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (99% below the sector average of 4.3x). The company holds a net cash position — cash of $112M exceeds total debt of $5M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 17.4x 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 | 0.01 | 0.01 | 0.10 | 0.12 | 0.16 | 0.21 | 0.21 | 0.20 | 0.19 | 0.01 | 0.03 |
| Debt / EBITDA | 0.06 | 0.06 | 1.15 | 0.77 | 3.27 | 4.59 | 14.53 | — | — | — | 0.47 |
| Net Debt / Equity | — | -0.15 | -0.01 | 0.04 | 0.08 | 0.05 | 0.19 | 0.14 | 0.15 | -0.02 | -0.02 |
| Net Debt / EBITDA | -1.29 | -1.29 | -0.07 | 0.23 | 1.72 | 1.02 | 13.18 | — | — | — | -0.37 |
| Debt / FCF | — | -0.51 | -0.04 | 2.96 | — | — | — | 41.51 | — | -0.21 | — |
| Interest Coverage | 17.36 | 17.36 | 5.74 | 11.82 | 3.25 | 2.19 | 1.68 | 0.44 | -140.32 | — | — |
Net cash position: cash ($112M) exceeds total debt ($5M)
GLRE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.99x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 6.92x to 0.99x 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 | 0.99 | 0.99 | 6.92 | — | — | 1.33 | — | — | 0.02 | 0.03 | 0.11 |
| Quick Ratio | 0.99 | 0.99 | 6.92 | — | — | 1.33 | — | — | 0.02 | 0.03 | 0.11 |
| Cash Ratio | 0.08 | 0.08 | 0.51 | — | — | 0.09 | — | — | 0.02 | 0.03 | 0.11 |
| Asset Turnover | — | 0.32 | 0.32 | 0.36 | 0.30 | 0.40 | 0.35 | 0.36 | 0.17 | 0.19 | 0.22 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
GLRE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Greenlight Capital Re, Ltd. returns 1.8% to shareholders annually primarily through share buybacks. The earnings yield of 13.5% (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 | — | — | 8.8% | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 99.3% | — | — | — | — | — | — | — | — |
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 | 13.5% | 14.9% | 8.9% | 21.9% | 7.9% | 6.5% | 1.5% | — | — | — | 5.3% |
| FCF Yield | 39.4% | 41.8% | 23.0% | 1.9% | — | — | — | 0.4% | — | 12.7% | — |
| Buyback Yield | 1.8% | 2.0% | 1.5% | 0.0% | 0.0% | 3.7% | 6.7% | 0.0% | 5.3% | 0.4% | 0.0% |
| Total Shareholder Yield | 1.8% | 2.0% | 10.3% | 0.0% | 0.0% | 3.7% | 6.7% | 0.0% | 5.3% | 0.4% | 0.0% |
| Shares Outstanding | — | $35M | $35M | $35M | $40M | $34M | $36M | $36M | $36M | $37M | $37M |
Peer Comparison
Compare GLRE 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 |
|---|---|---|---|---|---|---|---|---|---|
 GLREYou | $533M | 7.4 | 5.1 | 2.5 | 40.9% | 11.2% | 11.1% | 9.5% | 0.1 |
 RNR | $13B | 5.3 | 3.4 | 3.5 | 40.7% | 31.5% | 14.6% | 16.0% | 0.6 |
 ACGL | $32B | 7.8 | 6.6 | 5.3 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 MKL | $23B | 10.9 | 8.0 | 9.0 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 GLNG | $5B | 76.3 | 35.9 | — | 46.9% | 34.4% | 3.0% | 2.9% | 14.9 |
 PFSI | $4B | 8.9 | 17.9 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 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 |
 AXS | $7B | 8.2 | 6.3 | — | 49.9% | 18.7% | 16.2% | 14.8% | 1.2 |
 PRE | $349M | -7.6 | — | — | 52.8% | -41.3% | -21.8% | -21.2% | — |
 ORI | $9B | 10.4 | 8.8 | 8.1 | 50.3% | 13.0% | 16.2% | 12.3% | 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 · 21 years · Updated daily
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GLRE — Frequently Asked Questions
Quick answers to the most common questions about buying GLRE stock.
What is Greenlight Capital Re, Ltd.'s P/E ratio?
Greenlight Capital Re, Ltd.'s current P/E ratio is 7.4x. The historical average is 26.9x. This places it at the 29th percentile of its historical range.
What is Greenlight Capital Re, Ltd.'s EV/EBITDA?
Greenlight Capital Re, Ltd.'s current EV/EBITDA is 5.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.6x.
What is Greenlight Capital Re, Ltd.'s ROE?
Greenlight Capital Re, Ltd.'s return on equity (ROE) is 11.1%. The historical average is 2.7%.
Is GLRE stock overvalued?
Based on historical data, Greenlight Capital Re, Ltd. is trading at a P/E of 7.4x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Greenlight Capital Re, Ltd.'s profit margins?
Greenlight Capital Re, Ltd. has 40.9% gross margin and 11.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Greenlight Capital Re, Ltd. have?
Greenlight Capital Re, Ltd.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.