Hagerty, Inc. (HGTY) Financial Ratios
7 years of historical data (2019–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↓
20.75
↓-27% vs avg
5yr avg: 28.29
30Y Low6.2·High57.0
P/FCF
↓
19.19
↓-75% vs avg
5yr avg: 77.49
30Y Low5.5·High24.0
P/B Ratio
↑
5.05
-0% vs avg
5yr avg: 5.05
30Y Low1.6·High7.7
ROE
↑
7.7%
↓+1900% vs avg
5yr avg: 0.4%
30Y Low-24%·High10%
Debt/EBITDA
↓
1.32
↓-55% vs avg
5yr avg: 2.90
30Y Low1.3·High6.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HGTY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hagerty, Inc. trades at 29.4x earnings, 59% below its 5-year average of 72.1x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 116%. On a free-cash-flow basis, the stock trades at 19.2x P/FCF, 75% below the 5-year average of 77.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $4.7B | $854M | $2.7B | $2.8B | $1.2B | — | — |
| Enterprise Value | $3.7B | $4.6B | $819M | $2.2B | $2.6B | $690M | — | — |
| P/E Ratio → | 29.38 | 36.32 | 96.50 | 83.51 | — | — | — | — |
| P/S Ratio | 2.56 | 3.20 | 0.72 | 2.62 | 3.41 | 2.02 | — | — |
| P/B Ratio | 5.05 | 6.24 | 1.63 | 5.38 | 7.70 | 4.31 | — | — |
| P/FCF | 19.19 | 23.98 | 5.49 | 22.39 | 258.10 | — | — | — |
| P/OCF | 17.04 | 21.30 | 4.82 | 18.31 | 51.10 | 27.61 | — | — |
P/E links to full P/E history page with 30-year chart
HGTY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hagerty, Inc.'s enterprise value stands at 20.7x EBITDA, 27% below its 5-year average of 28.3x. The Financial Services sector median is 11.4x, placing the stock at a 82% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.16 | 0.69 | 2.14 | 3.09 | 1.20 | — | — |
| EV / EBITDA | 20.75 | 26.01 | 6.18 | 23.94 | 57.03 | — | — | — |
| EV / EBIT | 26.34 | 33.03 | 8.75 | 48.43 | 231.18 | — | — | — |
| EV / FCF | — | 23.64 | 5.26 | 18.29 | 234.20 | — | — | — |
HGTY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hagerty, Inc. earns an operating margin of 9.6%, below the Financial Services sector average of 20.3%. Operating margins have expanded from 4.4% to 9.6% over the past 3 years, signaling improving operational efficiency. ROE of 7.7% is modest, trailing the sector median of 9.0%. ROIC of 17.9% represents solid 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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.4% | 80.4% | 74.9% | 78.2% | 55.0% | 54.4% | 81.8% | 100.0% |
| Operating Margin | 9.6% | 9.6% | 7.9% | 4.4% | 1.3% | -9.5% | 3.0% | 2.7% |
| Net Profit Margin | 3.4% | 3.4% | 1.4% | 2.0% | 3.9% | -8.0% | 2.0% | 1.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 7.7% | 7.7% | 3.3% | 4.7% | 10.1% | -23.9% | 8.7% | 3.8% |
| ROA | 2.6% | 2.6% | 1.1% | 1.4% | 2.8% | -5.7% | 1.7% | 0.9% |
| ROIC | 17.9% | 17.9% | 28.3% | 59.6% | 7.9% | — | — | 5.8% |
| ROCE | 7.4% | 7.4% | 5.8% | 3.1% | 1.0% | -6.7% | — | 7.3% |
HGTY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hagerty, Inc. carries a Debt/EBITDA ratio of 1.3x, which is manageable (69% below the sector average of 4.3x). The company holds a net cash position — cash of $299M exceeds total debt of $233M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 16.0x 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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.31 | 0.31 | 0.38 | 0.48 | 0.76 | 0.47 | 0.59 | 0.47 |
| Debt / EBITDA | 1.32 | 1.32 | 1.49 | 2.63 | 6.17 | — | 2.59 | 2.64 |
| Net Debt / Equity | — | -0.09 | -0.07 | -0.99 | -0.71 | -1.76 | -1.96 | 0.28 |
| Net Debt / EBITDA | -0.38 | -0.38 | -0.26 | -5.37 | -5.82 | — | -8.63 | 1.54 |
| Debt / FCF | — | -0.34 | -0.22 | -4.10 | -23.90 | — | -4.97 | 0.75 |
| Interest Coverage | 16.01 | 16.01 | — | 10.97 | — | — | — | — |
Net cash position: cash ($299M) exceeds total debt ($233M)
HGTY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — | — | — | 1.31 |
| Quick Ratio | — | — | — | — | — | — | — | 1.31 |
| Cash Ratio | — | — | — | — | — | — | — | 0.07 |
| Asset Turnover | — | 0.70 | 0.71 | 0.65 | 0.64 | 0.56 | 0.84 | 0.90 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
HGTY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hagerty, Inc. returns 0.1% to shareholders annually primarily through dividends. The earnings yield of 3.4% (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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | — | — | — | 0.3% | — | — |
| Payout Ratio | — | — | — | — | — | — | 39.3% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 2.8% | 1.0% | 1.2% | — | — | — | — |
| FCF Yield | 5.2% | 4.2% | 18.2% | 4.5% | 0.4% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.1% | 0.1% | 0.7% | 0.0% | 0.0% | 0.3% | — | — |
| Shares Outstanding | — | $347M | $89M | $340M | $336M | $82M | $15M | $329M |
Peer Comparison
Compare HGTY 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 |
|---|---|---|---|---|---|---|---|---|---|
 HGTYYou | $4B | 29.4 | 20.7 | 19.2 | 80.4% | 9.6% | 7.7% | 17.9% | 1.3 |
 KNSL | $7B | 14.3 | 11.3 | 7.2 | 52.5% | 33.8% | 29.3% | 26.6% | 0.4 |
 PLMR | $3B | 15.6 | 10.9 | 7.4 | 73.9% | 28.9% | 23.6% | 25.5% | 0.0 |
 HRTG | $706M | 3.7 | 0.9 | 4.1 | 63.0% | 30.6% | 49.1% | 1539.6% | 0.4 |
 NODK | $326M | -31.8 | — | 182.4 | 29.6% | -4.3% | -4.3% | -4.8% | — |
 PGR | $120B | 14.2 | 11.5 | 8.1 | 27.7% | 14.2% | 37.0% | 27.0% | 0.6 |
 ALL | $57B | 5.8 | 4.7 | 5.8 | 33.2% | 19.8% | 39.6% | 29.8% | 0.5 |
 ACGL | $32B | 7.8 | 6.6 | 5.3 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 HCI | $2B | 6.6 | 2.2 | 4.8 | 73.2% | 47.7% | 37.8% | 675.0% | 0.2 |
 SIGI | $6B | 12.3 | 10.4 | 4.5 | 40.9% | 11.0% | 13.9% | 10.9% | 1.4 |
 EBAY | $49B | 24.9 | 21.3 | 29.8 | 71.5% | 20.5% | 41.6% | 16.8% | 2.9 |
| 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 · 7 years · Updated daily
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HGTY — Frequently Asked Questions
Quick answers to the most common questions about buying HGTY stock.
What is Hagerty, Inc.'s P/E ratio?
Hagerty, Inc.'s current P/E ratio is 29.4x. The historical average is 72.1x.
What is Hagerty, Inc.'s EV/EBITDA?
Hagerty, Inc.'s current EV/EBITDA is 20.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.3x.
What is Hagerty, Inc.'s ROE?
Hagerty, Inc.'s return on equity (ROE) is 7.7%. The historical average is 2.1%.
Is HGTY stock overvalued?
Based on historical data, Hagerty, Inc. is trading at a P/E of 29.4x. Compare with industry peers and growth rates for a complete picture.
What is Hagerty, Inc.'s dividend yield?
Hagerty, Inc.'s current dividend yield is 0.15%.
What are Hagerty, Inc.'s profit margins?
Hagerty, Inc. has 80.4% gross margin and 9.6% operating margin.
How much debt does Hagerty, Inc. have?
Hagerty, Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.