Safety Insurance Group, Inc. (SAFT) Financial Ratios
26 years of historical data (2000–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↑
8.25
↓-51% vs avg
5yr avg: 16.71
30Y Low3.4·High36.0
P/FCF
↓
5.57
↓-64% vs avg
5yr avg: 15.37
30Y Low1.1·High44.5
P/B Ratio
↓
1.20
↓-14% vs avg
5yr avg: 1.41
30Y Low0.4·High1.8
ROE
↓
11.5%
↓+36% vs avg
5yr avg: 8.5%
30Y Low-2%·High27%
Debt/EBITDA
↑
0.48
↓-36% vs avg
5yr avg: 0.75
30Y Low0.1·High2.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SAFT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Safety Insurance Group, Inc. trades at 10.9x earnings, 56% below its 5-year average of 24.9x, sitting at the 43rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 17%. On a free-cash-flow basis, the stock trades at 5.6x P/FCF, 64% below the 5-year average of 15.4x.
| 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 | $1.1B | $1.2B | $1.1B | $1.2B | $1.3B | $1.2B | $1.4B | $1.2B | $1.2B | $1.1B |
| Enterprise Value | $1.1B | $1.1B | $1.2B | $1.1B | $1.3B | $1.3B | $1.2B | $1.4B | $1.2B | $1.2B | $1.1B |
| P/E Ratio → | 10.88 | 11.63 | 17.24 | 59.37 | 26.75 | 9.66 | 8.49 | 14.32 | 14.98 | 19.61 | 17.26 |
| P/S Ratio | 0.85 | 0.92 | 1.09 | 1.21 | 1.58 | 1.47 | 1.40 | 1.62 | 1.49 | 1.44 | 1.34 |
| P/B Ratio | 1.20 | 1.29 | 1.46 | 1.39 | 1.53 | 1.37 | 1.33 | 1.76 | 1.73 | 1.74 | 1.65 |
| P/FCF | 5.57 | 5.98 | 9.75 | 22.21 | 29.35 | 9.53 | 11.84 | 13.80 | 10.69 | 15.99 | 11.80 |
| P/OCF | 5.50 | 5.91 | 9.42 | 21.45 | 27.96 | 8.98 | 10.76 | 12.62 | 9.76 | 14.83 | 11.21 |
P/E links to full P/E history page with 30-year chart
SAFT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Safety Insurance Group, Inc.'s enterprise value stands at 8.3x EBITDA, 51% below its 5-year average of 16.7x. The Financial Services sector median is 11.5x, placing the stock at a 28% 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 | — | 0.91 | 1.08 | 1.22 | 1.62 | 1.46 | 1.41 | 1.61 | 1.45 | 1.39 | 1.31 |
| EV / EBITDA | 8.25 | 8.87 | 12.08 | 36.00 | 19.23 | 7.38 | 6.50 | 10.91 | 10.50 | 11.95 | 10.04 |
| EV / EBIT | 8.35 | 8.87 | 13.27 | 44.75 | 21.17 | 7.66 | 6.76 | 11.38 | 11.58 | 13.54 | 11.65 |
| EV / FCF | — | 5.92 | 9.65 | 22.44 | 30.13 | 9.48 | 11.91 | 13.70 | 10.37 | 15.45 | 11.58 |
SAFT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Safety Insurance Group, Inc. earns an operating margin of 10.1%, below the Financial Services sector average of 21.6%. Operating margins have expanded from 2.6% to 10.1% over the past 3 years, signaling improving operational efficiency. ROE of 11.5% is modest. ROIC of 11.2% 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 | 36.4% | 36.4% | 35.4% | 30.6% | 37.3% | 46.6% | 51.9% | 41.8% | 41.8% | 40.3% | 40.4% |
| Operating Margin | 10.1% | 10.1% | 8.1% | 2.6% | 7.6% | 19.0% | 20.8% | 14.1% | 13.1% | 11.1% | 12.6% |
| Net Profit Margin | 7.9% | 7.9% | 6.4% | 2.0% | 5.9% | 15.1% | 16.4% | 11.4% | 10.0% | 7.4% | 7.8% |
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 | 11.5% | 11.5% | 8.7% | 2.3% | 5.4% | 14.4% | 16.3% | 13.0% | 11.7% | 9.1% | 9.8% |
| ROA | 4.2% | 4.2% | 3.2% | 0.9% | 2.3% | 6.3% | 6.8% | 5.1% | 4.5% | 3.5% | 3.7% |
| ROIC | 11.2% | 11.2% | 8.3% | 2.2% | 5.1% | 13.6% | 15.5% | 12.5% | 12.3% | 10.7% | 12.5% |
| ROCE | 15.8% | 15.8% | 4.1% | 1.4% | 3.0% | 8.3% | 8.6% | 6.4% | 6.2% | 5.4% | 6.2% |
SAFT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Safety Insurance Group, Inc. carries a Debt/EBITDA ratio of 0.5x, which is very conservative (88% below the sector average of 4.1x). The company holds a net cash position — cash of $74M exceeds total debt of $62M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 83.8x 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 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.06 | 0.07 | 0.04 | — | — | — |
| Debt / EBITDA | 0.48 | 0.48 | 0.46 | 1.59 | 0.88 | 0.33 | 0.33 | 0.26 | — | — | — |
| Net Debt / Equity | — | -0.01 | -0.02 | 0.01 | 0.04 | -0.01 | 0.01 | -0.01 | -0.05 | -0.06 | -0.03 |
| Net Debt / EBITDA | -0.09 | -0.09 | -0.13 | 0.37 | 0.50 | -0.04 | 0.04 | -0.08 | -0.33 | -0.42 | -0.19 |
| Debt / FCF | — | -0.06 | -0.11 | 0.23 | 0.78 | -0.05 | 0.07 | -0.10 | -0.32 | -0.55 | -0.21 |
| Interest Coverage | 83.80 | 83.80 | 177.55 | 30.85 | 114.70 | 315.69 | 398.20 | 1375.23 | 1159.34 | 964.33 | 1037.47 |
Net cash position: cash ($74M) exceeds total debt ($62M)
SAFT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.84x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.08x to 0.84x 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 | 0.84 | 0.84 | — | 0.08 | 64.67 | 13.58 | — | — | 2.82 | 3.65 | 2.69 |
| Quick Ratio | 0.84 | 0.84 | — | 1.88 | 64.11 | 16.16 | — | — | 2.82 | 3.65 | 2.69 |
| Cash Ratio | 0.49 | 0.49 | — | 0.14 | 42.91 | 11.07 | — | — | 14.87 | 19.08 | 16.80 |
| Asset Turnover | — | 0.51 | 0.49 | 0.44 | 0.40 | 0.41 | 0.41 | 0.43 | 0.45 | 0.47 | 0.47 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SAFT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Safety Insurance Group, Inc. returns 6.9% to shareholders annually — split between a 5.0% dividend yield and 1.9% buyback yield. A payout ratio of 54.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 9.2% (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 | 5.0% | 4.7% | 4.4% | 4.8% | 4.3% | 4.3% | 4.6% | 3.7% | 3.9% | 3.7% | 3.8% |
| Payout Ratio | 54.3% | 54.3% | 75.4% | 282.3% | 113.9% | 41.3% | 39.5% | 52.9% | 58.7% | 72.9% | 65.4% |
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 | 9.2% | 8.6% | 5.8% | 1.7% | 3.7% | 10.3% | 11.8% | 7.0% | 6.7% | 5.1% | 5.8% |
| FCF Yield | 17.9% | 16.7% | 10.3% | 4.5% | 3.4% | 10.5% | 8.4% | 7.2% | 9.4% | 6.3% | 8.5% |
| Buyback Yield | 1.9% | 1.7% | 0.0% | 0.5% | 1.2% | 0.9% | 3.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.9% | 6.4% | 4.4% | 5.2% | 5.5% | 5.2% | 8.0% | 3.7% | 3.9% | 3.7% | 3.8% |
| Shares Outstanding | — | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M |
Peer Comparison
Compare SAFT 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 |
|---|---|---|---|---|---|---|---|---|---|
 SAFTYou | $1B | 10.9 | 8.3 | 5.6 | 36.4% | 10.1% | 11.5% | 11.2% | 0.5 |
 ERIE | $10B | 20.4 | 12.1 | 17.5 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 KMPR | $2B | 12.8 | 11.1 | 3.1 | 29.7% | 3.3% | 5.3% | 3.1% | 4.3 |
 PLMR | $3B | 15.8 | 11.1 | 7.4 | 73.9% | 28.9% | 23.6% | 25.5% | 0.0 |
 HRTG | $861M | 4.4 | 1.5 | 4.9 | 63.0% | 30.6% | 49.1% | 1539.6% | 0.4 |
 HCI | $2B | 6.1 | 1.9 | 4.5 | 73.2% | 47.7% | 37.8% | 675.0% | 0.2 |
 PGR | $115B | 13.6 | 11.0 | 7.7 | 27.7% | 14.2% | 37.0% | 27.0% | 0.6 |
 ALL | $55B | 5.6 | 4.5 | 5.6 | 33.2% | 19.8% | 39.6% | 29.8% | 0.5 |
 TRV | $65B | 10.9 | 8.6 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 CB | $125B | 12.5 | 10.9 | 8.6 | 29.4% | 21.8% | 13.9% | 10.8% | 1.7 |
 CINF | $25B | 10.7 | 7.8 | 8.2 | 50.1% | 23.6% | 16.0% | 15.3% | 0.3 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonSAFT — Frequently Asked Questions
Quick answers to the most common questions about buying SAFT stock.
What is Safety Insurance Group, Inc.'s P/E ratio?
Safety Insurance Group, Inc.'s current P/E ratio is 10.9x. The historical average is 16.1x. This places it at the 43th percentile of its historical range.
What is Safety Insurance Group, Inc.'s EV/EBITDA?
Safety Insurance Group, Inc.'s current EV/EBITDA is 8.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.3x.
What is Safety Insurance Group, Inc.'s ROE?
Safety Insurance Group, Inc.'s return on equity (ROE) is 11.5%. The historical average is 10.7%.
Is SAFT stock overvalued?
Based on historical data, Safety Insurance Group, Inc. is trading at a P/E of 10.9x. This is at the 43th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Safety Insurance Group, Inc.'s dividend yield?
Safety Insurance Group, Inc.'s current dividend yield is 5.01% with a payout ratio of 54.3%.
What are Safety Insurance Group, Inc.'s profit margins?
Safety Insurance Group, Inc. has 36.4% gross margin and 10.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Safety Insurance Group, Inc. have?
Safety Insurance Group, Inc.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.