Hamilton Insurance Group, Ltd. (HG) Financial Ratios
5 years of historical data (2021–2025) · Financial Services · Insurance - Reinsurance
EV/EBITDA
↓
2.63
+5% vs avg
5yr avg: 2.50
30Y Low1.7·High3.5
P/FCF
↓
3.71
-3% vs avg
5yr avg: 3.83
30Y Low2.5·High5.6
P/B Ratio
↑
1.13
↑+30% vs avg
5yr avg: 0.87
30Y Low0.8·High1.0
ROE
↑
22.4%
↓+88% vs avg
5yr avg: 11.9%
30Y Low-6%·High22%
Debt/EBITDA
↓
0.18
↓-53% vs avg
5yr avg: 0.38
30Y Low0.2·High0.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hamilton Insurance Group, Ltd. trades at 5.5x earnings, roughly in line with its 5-year average of 5.4x, sitting at the 67th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 59%. On a free-cash-flow basis, the stock trades at 3.7x P/FCF, roughly in line with the 5-year average of 3.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $3.1B | $2.8B | $1.9B | $1.6B | — | — |
| Enterprise Value | $2.2B | $1.9B | $1.1B | $941M | — | — |
| P/E Ratio → | 5.52 | 4.91 | 5.19 | 6.13 | — | — |
| P/S Ratio | 1.14 | 1.03 | 0.81 | 0.98 | — | — |
| P/B Ratio | 1.13 | 1.00 | 0.83 | 0.77 | — | — |
| P/FCF | 3.71 | 3.36 | 2.54 | 5.60 | — | — |
| P/OCF | 3.71 | 3.36 | 2.54 | 5.60 | — | — |
P/E links to full P/E history page with 30-year chart
HG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hamilton Insurance Group, Ltd.'s enterprise value stands at 2.6x EBITDA, 5% above its 5-year average of 2.5x. The Financial Services sector median is 11.4x, placing the stock at a 77% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.70 | 0.46 | 0.58 | — | — |
| EV / EBITDA | 2.63 | 2.28 | 1.70 | 3.51 | — | — |
| EV / EBIT | 2.69 | 2.27 | 1.68 | 3.40 | — | — |
| EV / FCF | — | 2.28 | 1.43 | 3.32 | — | — |
HG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hamilton Insurance Group, Ltd. earns an operating margin of 30.1%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 15.8% to 30.1% over the past 3 years, signaling improving operational efficiency. ROE of 22.4% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 36.5% represents excellent 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 |
|---|---|---|---|---|---|---|
| Gross Margin | 54.1% | 54.1% | 39.1% | 33.8% | 15.8% | 31.2% |
| Operating Margin | 30.1% | 30.1% | 26.1% | 15.8% | -2.1% | 19.6% |
| Net Profit Margin | 21.0% | 21.0% | 16.8% | 16.0% | -7.6% | 14.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | 22.4% | 22.4% | 18.3% | 13.9% | -5.7% | 10.5% |
| ROA | 6.6% | 6.6% | 5.5% | 4.1% | -1.7% | 3.4% |
| ROIC | 36.5% | 36.5% | 32.3% | 17.9% | -2.1% | 17.3% |
| ROCE | 16.0% | 16.0% | 13.0% | 6.7% | -0.5% | — |
HG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hamilton Insurance Group, Ltd. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (96% below the sector average of 4.3x). The company holds a net cash position — cash of $1.1B exceeds total debt of $150M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 41.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.06 | 0.07 | 0.09 | 0.08 |
| Debt / EBITDA | 0.18 | 0.18 | 0.24 | 0.56 | — | 0.54 |
| Net Debt / Equity | — | -0.32 | -0.36 | -0.31 | -0.56 | -0.36 |
| Net Debt / EBITDA | -1.09 | -1.09 | -1.33 | -2.41 | — | -2.35 |
| Debt / FCF | — | -1.08 | -1.11 | -2.28 | -4.85 | -2.86 |
| Interest Coverage | 41.86 | 41.86 | 28.48 | 12.91 | -0.70 | 18.60 |
Net cash position: cash ($1.1B) exceeds total debt ($150M)
HG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.63x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.1B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.20x to 0.63x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.63 | 0.63 | 8.65 | 1.20 | 7.50 | — |
| Quick Ratio | 0.63 | 0.63 | 8.65 | 1.20 | 7.50 | — |
| Cash Ratio | 0.19 | 0.19 | 3.34 | 0.68 | 2.82 | — |
| Asset Turnover | — | 0.29 | 0.31 | 0.24 | 0.22 | 0.24 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — |
HG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hamilton Insurance Group, Ltd. returns 3.6% to shareholders annually primarily through share buybacks. The earnings yield of 18.1% (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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | 18.1% | 20.4% | 19.3% | 16.3% | — | — |
| FCF Yield | 26.9% | 29.8% | 39.3% | 17.9% | — | — |
| Buyback Yield | 3.6% | 4.0% | 7.8% | 0.2% | — | — |
| Total Shareholder Yield | 3.6% | 4.0% | 7.8% | 0.2% | — | — |
| Shares Outstanding | — | $101M | $101M | $106M | $110M | $103M |
Peer Comparison
Compare HG 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 |
|---|---|---|---|---|---|---|---|---|---|
 HGYou | $3B | 5.5 | 2.6 | 3.7 | 54.1% | 30.1% | 22.4% | 36.5% | 0.2 |
 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 |
 GLRE | $533M | 7.4 | 5.1 | 2.5 | 40.9% | 11.2% | 11.1% | 9.5% | 0.1 |
 PLMR | $3B | 15.6 | 10.9 | 7.4 | 73.9% | 28.9% | 23.6% | 25.5% | 0.0 |
 TRV | $67B | 11.2 | 8.8 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 WRB | $25B | 15.1 | 11.1 | 7.3 | 19.8% | 15.9% | 19.6% | 18.2% | 1.2 |
 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 |
 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 →
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HG — Frequently Asked Questions
Quick answers to the most common questions about buying HG stock.
What is Hamilton Insurance Group, Ltd.'s P/E ratio?
Hamilton Insurance Group, Ltd.'s current P/E ratio is 5.5x. The historical average is 5.4x. This places it at the 67th percentile of its historical range.
What is Hamilton Insurance Group, Ltd.'s EV/EBITDA?
Hamilton Insurance Group, Ltd.'s current EV/EBITDA is 2.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.5x.
What is Hamilton Insurance Group, Ltd.'s ROE?
Hamilton Insurance Group, Ltd.'s return on equity (ROE) is 22.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 11.9%.
Is HG stock overvalued?
Based on historical data, Hamilton Insurance Group, Ltd. is trading at a P/E of 5.5x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Hamilton Insurance Group, Ltd.'s profit margins?
Hamilton Insurance Group, Ltd. has 54.1% gross margin and 30.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Hamilton Insurance Group, Ltd. have?
Hamilton Insurance Group, Ltd.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.