Old Republic International Corporation (ORI) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Diversified
EV/EBITDA
↑
8.96
↓-14% vs avg
5yr avg: 10.37
30Y Low5.6·High61.0
P/FCF
↑
8.21
+5% vs avg
5yr avg: 7.80
30Y Low4.3·High14.1
P/B Ratio
↑
1.65
+15% vs avg
5yr avg: 1.44
30Y Low0.6·High1.9
ROE
↓
16.2%
↓+10% vs avg
5yr avg: 14.8%
30Y Low-13%·High23%
Debt/EBITDA
↑
1.44
↓-1% vs avg
5yr avg: 1.46
30Y Low0.2·High10.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ORI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Old Republic International Corporation trades at 10.5x earnings, roughly in line with its 5-year average of 10.6x, sitting at the 35th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 21%. On a free-cash-flow basis, the stock trades at 8.2x P/FCF, 5% above the 5-year average of 7.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.6B | $11.4B | $9.5B | $8.4B | $7.3B | $7.5B | $5.9B | $6.7B | $6.2B | $6.4B | $5.6B |
| Enterprise Value | $11.1B | $12.9B | $10.9B | $9.8B | $8.8B | $-2347148696 | $6.7B | $7.6B | $-2509799317 | $-2296297965 | $-2813194231 |
| P/E Ratio → | 10.52 | 12.24 | 11.17 | 14.00 | 10.69 | 4.87 | 10.54 | 6.37 | 16.72 | 11.14 | 11.73 |
| P/S Ratio | 1.05 | 1.25 | 1.16 | 1.16 | 0.91 | 0.80 | 0.82 | 0.90 | 0.99 | 1.02 | 0.95 |
| P/B Ratio | 1.65 | 1.92 | 1.70 | 1.31 | 1.19 | 1.08 | 0.95 | 1.12 | 1.20 | 1.35 | 1.26 |
| P/FCF | 8.21 | 9.79 | 7.72 | 9.53 | 6.26 | 5.69 | 4.97 | 7.20 | 8.14 | 14.14 | 8.84 |
| P/OCF | 8.21 | 9.79 | 7.72 | 9.53 | 6.26 | 5.69 | 4.97 | 7.20 | 8.14 | 14.14 | 8.84 |
P/E links to full P/E history page with 30-year chart
ORI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Old Republic International Corporation's enterprise value stands at 9.0x EBITDA, 14% below its 5-year average of 10.4x. The Financial Services sector median is 11.4x, placing the stock at a 22% 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 | — | 1.42 | 1.33 | 1.35 | 1.09 | -0.25 | 0.94 | 1.02 | -0.40 | -0.37 | -0.48 |
| EV / EBITDA | 8.96 | 10.44 | 9.51 | 11.96 | 9.57 | -1.19 | 9.21 | 5.60 | -5.23 | -2.91 | -3.82 |
| EV / EBIT | 9.36 | 10.44 | 9.51 | 11.96 | 9.57 | -1.19 | 9.21 | 5.60 | -5.23 | -2.91 | -3.82 |
| EV / FCF | — | 11.09 | 8.85 | 11.11 | 7.55 | -1.79 | 5.69 | 8.15 | -3.30 | -5.07 | -4.41 |
ORI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Old Republic International Corporation earns an operating margin of 13.0%, below the Financial Services sector average of 21.4%. Operating margins have expanded from 10.3% to 13.0% over the past 3 years, signaling improving operational efficiency. ROE of 16.2% indicates solid capital efficiency, compared to the sector median of 9.5%. ROIC of 12.3% represents solid returns on invested capital versus a sector median of 5.7%.
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 | 50.3% | 50.3% | 63.3% | 64.5% | 70.0% | 74.3% | 65.5% | 21.9% | 11.8% | 12.9% | 12.8% |
| Operating Margin | 13.0% | 13.0% | 13.0% | 10.3% | 10.6% | 20.6% | 9.6% | 17.7% | 7.0% | 11.6% | 11.6% |
| Net Profit Margin | 10.3% | 10.3% | 10.4% | 8.2% | 8.5% | 16.4% | 7.8% | 14.2% | 5.9% | 8.9% | 7.9% |
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 | 16.2% | 16.2% | 14.2% | 9.5% | 10.5% | 23.5% | 9.2% | 19.0% | 7.5% | 12.2% | 11.2% |
| ROA | 3.2% | 3.2% | 3.1% | 2.3% | 2.7% | 6.4% | 2.5% | 5.2% | 1.9% | 3.0% | 2.6% |
| ROIC | 12.3% | 12.3% | 10.8% | 7.2% | 8.0% | 18.8% | 7.4% | 59.4% | — | — | — |
| ROCE | 4.1% | 4.1% | 3.9% | 2.9% | 3.4% | 8.0% | 3.1% | 6.5% | 4.9% | 8.3% | 5.5% |
ORI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Old Republic International Corporation carries a Debt/EBITDA ratio of 1.4x, which is manageable (65% below the sector average of 4.1x). Net debt stands at $1.5B ($1.8B total debt minus $263M cash). Interest coverage of 17.6x 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 | 0.30 | 0.30 | 0.28 | 0.25 | 0.26 | 0.23 | 0.16 | 0.16 | 0.19 | 0.31 | 0.34 |
| Debt / EBITDA | 1.44 | 1.44 | 1.39 | 1.95 | 1.73 | 0.80 | 1.32 | 0.71 | 2.04 | 1.84 | 2.08 |
| Net Debt / Equity | — | 0.26 | 0.25 | 0.22 | 0.25 | -1.42 | 0.14 | 0.15 | -1.69 | -1.84 | -1.89 |
| Net Debt / EBITDA | 1.23 | 1.23 | 1.21 | 1.70 | 1.64 | -4.96 | 1.16 | 0.66 | -18.12 | -11.03 | -11.47 |
| Debt / FCF | — | 1.30 | 1.12 | 1.58 | 1.29 | -7.48 | 0.72 | 0.96 | -11.44 | -19.21 | -13.25 |
| Interest Coverage | 17.64 | 17.64 | 14.84 | 11.60 | 13.85 | 35.20 | 16.75 | 34.06 | 11.38 | 12.51 | 14.67 |
ORI 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — | — | — | — | 1.29 | 0.03 | 0.02 |
| Quick Ratio | — | — | — | — | — | — | — | — | 1.66 | 1.78 | 1.76 |
| Cash Ratio | — | — | — | — | — | — | — | — | 0.92 | 0.99 | 0.98 |
| Asset Turnover | — | 0.30 | 0.30 | 0.27 | 0.32 | 0.37 | 0.31 | 0.35 | 0.32 | 0.32 | 0.32 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ORI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Old Republic International Corporation returns 9.3% to shareholders annually — split between a 8.0% dividend yield and 1.3% buyback yield. The payout ratio of 83.6% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 9.5% (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 | 8.0% | 6.9% | 2.9% | 3.3% | 7.9% | 13.7% | 4.2% | 8.0% | 8.1% | 3.1% | 3.4% |
| Payout Ratio | 83.6% | 83.6% | 31.9% | 46.0% | 84.5% | 66.4% | 44.8% | 51.0% | 134.6% | 35.5% | 41.5% |
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 | 9.5% | 8.2% | 9.0% | 7.1% | 9.4% | 20.5% | 9.5% | 15.7% | 6.0% | 9.0% | 8.5% |
| FCF Yield | 12.2% | 10.2% | 12.9% | 10.5% | 16.0% | 17.6% | 20.1% | 13.9% | 12.3% | 7.1% | 11.3% |
| Buyback Yield | 1.3% | 1.1% | 9.9% | 6.4% | 3.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 9.3% | 8.0% | 12.7% | 9.7% | 11.8% | 13.7% | 4.2% | 8.0% | 8.1% | 3.1% | 3.4% |
| Shares Outstanding | — | $250M | $263M | $285M | $303M | $304M | $299M | $301M | $301M | $299M | $296M |
Peer Comparison
Compare ORI 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 |
|---|---|---|---|---|---|---|---|---|---|
 ORIYou | $10B | 10.5 | 9.0 | 8.2 | 50.3% | 13.0% | 16.2% | 12.3% | 1.4 |
 HIG | $37B | 10.1 | 8.0 | 6.4 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 CNA | $12B | 9.5 | 8.8 | 5.0 | 30.7% | 11.0% | 11.5% | 8.8% | 1.9 |
 WRB | $25B | 14.9 | 10.9 | 7.2 | 19.8% | 15.9% | 19.6% | 18.2% | 1.2 |
 MKL | $22B | 10.4 | 7.6 | 8.6 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 HCI | $2B | 6.2 | — | 4.5 | — | — | 42.3% | — | — |
 ERIE | $10B | 20.8 | 12.4 | 17.9 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 FAF | $7B | 11.4 | 7.2 | 9.2 | 95.6% | 11.1% | 11.9% | 10.7% | 1.8 |
 FNF | $14B | 11.0 | 6.1 | 2.1 | 52.9% | 13.0% | 15.9% | 13.7% | 1.9 |
 STC | $2B | 17.0 | 11.7 | 15.8 | 87.7% | 5.7% | 7.5% | 6.2% | 3.9 |
 ITIC | $448M | 12.8 | 9.1 | 17.7 | 98.3% | 16.3% | 13.5% | 13.4% | 0.3 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonORI — Frequently Asked Questions
Quick answers to the most common questions about buying ORI stock.
What is Old Republic International Corporation's P/E ratio?
Old Republic International Corporation's current P/E ratio is 10.5x. The historical average is 14.4x. This places it at the 35th percentile of its historical range.
What is Old Republic International Corporation's EV/EBITDA?
Old Republic International Corporation's current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
What is Old Republic International Corporation's ROE?
Old Republic International Corporation's return on equity (ROE) is 16.2%. The historical average is 9.8%.
Is ORI stock overvalued?
Based on historical data, Old Republic International Corporation is trading at a P/E of 10.5x. This is at the 35th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Old Republic International Corporation's dividend yield?
Old Republic International Corporation's current dividend yield is 7.99% with a payout ratio of 83.6%.
What are Old Republic International Corporation's profit margins?
Old Republic International Corporation has 50.3% gross margin and 13.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Old Republic International Corporation have?
Old Republic International Corporation's Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.