Latest Ratios: P/E Ratio 6.7x · EV/EBITDA 5.1x · ROE 20.8%. (2011–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $2.7B | $2.8B | $2.0B | $945M | $1.2B | $885M | $975M | $936M | $1.5B | $1.2B |
| Enterprise Value | $2.8B | $2.6B | $2.7B | $1.8B | $1.0B | $1.0B | $473M | $449M | $945M | $1.6B | $1.3B |
| P/E Ratio → | 6.69 | 6.00 | 15.76 | 6.27 | — | 30.11 | 6.22 | 4.87 | — | 5.55 | 44.42 |
| P/S Ratio | 0.89 | 0.83 | 1.06 | 0.73 | 0.44 | 0.55 | 1.00 | 1.00 | 2.48 | 1.66 | 1.72 |
| P/B Ratio | 1.20 | 1.08 | 1.43 | 0.78 | 0.45 | 0.49 | 0.57 | 0.69 | 0.21 | 0.87 | 0.84 |
| P/FCF | 27.70 | 26.00 | 37.18 | 3.38 | 3.23 | 762.98 | 12.06 | 6.91 | 69.89 | — | 255.56 |
| P/OCF | 27.70 | 26.00 | 37.18 | 3.38 | 3.22 | 762.98 | 12.06 | 6.91 | 69.89 | — | 255.56 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.82 | 1.05 | 0.66 | 0.47 | 0.47 | 0.54 | 0.46 | 2.50 | 1.78 | 1.87 |
| EV / EBITDA | 5.15 | 4.83 | 11.16 | 5.41 | — | 20.35 | 2.96 | 2.19 | — | 5.51 | 30.98 |
| EV / EBIT | 5.16 | 4.22 | 9.03 | 4.66 | — | 13.12 | 2.96 | 2.14 | — | 5.45 | 30.98 |
| EV / FCF | — | 25.59 | 36.61 | 3.07 | 3.48 | 648.55 | 6.45 | 3.18 | 70.62 | — | 277.27 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 52.6% | 52.6% | 27.9% | 31.4% | 5.6% | 22.9% | 26.2% | 28.6% | -73.4% | 38.3% | 11.6% |
| Operating Margin | 16.9% | 16.9% | 8.9% | 11.8% | -19.5% | 2.0% | 17.2% | 20.6% | -85.2% | 31.7% | 4.9% |
| Net Profit Margin | 14.3% | 14.3% | 7.6% | 13.1% | -17.8% | 2.6% | 16.3% | 20.5% | -84.2% | 30.0% | 3.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.8% | 20.8% | 8.9% | 15.4% | -16.9% | 2.9% | 9.7% | 6.8% | -10.2% | 17.3% | 1.9% |
| ROA | 3.7% | 3.7% | 1.6% | 3.0% | -3.6% | 0.8% | 4.1% | 6.1% | -8.2% | 6.5% | 0.7% |
| ROIC | 18.8% | 18.8% | 8.2% | 10.6% | -14.2% | 1.9% | 11.2% | 5.6% | -7.6% | 12.9% | 1.7% |
| ROCE | 7.8% | 7.8% | 2.4% | 3.4% | -7.1% | 0.6% | 4.4% | 6.2% | -9.4% | 7.7% | 1.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.28 | 0.28 | 0.33 | 0.31 | 0.37 | 0.33 | 0.07 | 0.08 | 0.03 | 0.06 | 0.08 |
| Debt / EBITDA | 1.27 | 1.27 | 2.61 | 2.38 | — | 16.01 | 0.71 | 0.56 | — | 0.38 | 2.66 |
| Net Debt / Equity | — | -0.02 | -0.02 | -0.07 | 0.03 | -0.07 | -0.26 | -0.37 | 0.00 | 0.06 | 0.07 |
| Net Debt / EBITDA | -0.08 | -0.08 | -0.18 | -0.55 | — | -3.59 | -2.57 | -2.56 | — | 0.35 | 2.43 |
| Debt / FCF | — | -0.42 | -0.57 | -0.31 | 0.25 | -114.44 | -5.61 | -3.72 | 0.73 | — | 21.72 |
| Interest Coverage | 7.79 | 7.79 | 4.35 | 5.97 | -9.95 | 2.33 | 19.52 | 25.55 | -38.07 | 36.71 | 5.19 |
Net cash position: cash ($731M) exceeds total debt ($689M)
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 | 1.59 | 1.59 | — | 156.32 | 1.08 | — | — | — | 9.24 | 0.01 | 0.14 |
| Quick Ratio | 1.59 | 1.59 | — | 2218.08 | 2.37 | — | — | — | 26.38 | 2.51 | 14.66 |
| Cash Ratio | 0.63 | 0.63 | 0.64 | 594.45 | 0.88 | — | — | — | 1.35 | 0.01 | 0.09 |
| Asset Turnover | — | 0.25 | 0.21 | 0.21 | 0.20 | 0.21 | 0.25 | 0.28 | 0.12 | 0.20 | 0.18 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 0.5% | 0.6% | 0.6% | 0.8% | 1.7% | 1.0% | 0.1% | 0.3% | 0.3% | 0.2% | 0.0% |
| Payout Ratio | — | — | — | — | — | — | 0.9% | 1.4% | — | 1.2% | 0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 14.9% | 16.7% | 6.3% | 15.9% | — | 3.3% | 16.1% | 20.5% | — | 18.0% | 2.3% |
| FCF Yield | 3.6% | 3.8% | 2.7% | 29.5% | 30.9% | 0.1% | 8.3% | 14.5% | 1.4% | — | 0.4% |
| Buyback Yield | 0.0% | 0.0% | 10.8% | 0.0% | 1.3% | 0.0% | 0.0% | 0.0% | 14.8% | 2.7% | 0.6% |
| Total Shareholder Yield | 0.5% | 0.6% | 11.4% | 0.8% | 3.0% | 1.0% | 0.2% | 0.3% | 15.2% | 2.9% | 0.6% |
| Shares Outstanding | — | $122M | $169M | $170M | $160M | $150M | $93M | $93M | $97M | $105M | $106M |
Includes 30+ ratios · 15 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SPNT stock.
SiriusPoint Ltd.'s current P/E ratio is 6.7x. The historical average is 15.7x. This places it at the 50th percentile of its historical range.
SiriusPoint 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 12.6x.
SiriusPoint Ltd.'s return on equity (ROE) is 20.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 5.7%.
Based on historical data, SiriusPoint Ltd. is trading at a P/E of 6.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SiriusPoint Ltd.'s current dividend yield is 0.54%.
SiriusPoint Ltd. has 52.6% gross margin and 16.9% operating margin. Operating margin between 10-20% is typical for established companies.
SiriusPoint Ltd.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Social inflation casualty reserve risk
Metrics are mathematically derived from official filings.
Combined Ratio Volatility Masks Core Discipline
SiriusPoint's combined ratio swung from 102.0% in Q4 2024 to 71.2% in Q4 2025, as per quarterly data, but the 2026Q2 reading of 88.7% suggests normalization after reserve releases.
The dramatic improvement in late 2025 was driven by a loss ratio of 38.2%, which appears to reflect favorable reserve development rather than a sustainable accident-year loss pick. The 2026Q2 loss ratio of 48.1% and combined ratio of 88.7% indicate a return to more typical underwriting performance, though still profitable. Investors should monitor the ex-cat accident-year loss ratio to assess whether the underlying portfolio is truly improving or if the recent results are inflated by prior-year releases.
ROE Recovery Led by Underwriting, Not Investments
ROE improved from -0.7% in Q4 2024 to 10.4% in Q4 2025, according to financial statements, but the 2026Q2 ROE of 3.0% suggests a return to mid-single-digit levels as underwriting margins normalize.
The spike in ROE in Q4 2025 was directly tied to the exceptional combined ratio of 71.2%, which is unlikely to persist. With investment income data unavailable, the contribution from the float remains opaque, but the conservative balance sheet and cash position suggest a modest yield. The forward P/E of 9.17 implies the market expects earnings to remain below the Q4 2025 peak, aligning with a more normalized underwriting environment.
Minimal Debt Masks Underwriting Leverage
SiriusPoint's debt-to-equity ratio of 0.28% is exceptionally low, as per balance sheet data, but the premium-to-surplus ratio likely remains elevated given the 55.6% revenue growth in Q4 2025.
The near-zero financial leverage provides significant capital flexibility, but the rapid premium growth in a hard market may be stretching underwriting capacity. While the D/E ratio is conservative, the underwriting leverage—measured by net premiums written to surplus—warrants scrutiny, as aggressive growth could strain capital adequacy if loss ratios deteriorate. The company's ability to maintain a combined ratio below 100% will be critical to supporting its capital base.
Valuation Discount Reflects Execution Risk
SiriusPoint trades at a P/B of 1.16 versus Arch Capital's 1.54 and RenaissanceRe's 0.75, based on peer data, implying the market still prices in post-merger restructuring risk despite improved underwriting.
The P/B discount to ACGL suggests investors are not yet crediting SPNT with the same franchise quality, likely due to its shorter track record and legacy volatility. However, the forward P/E of 9.17 is lower than ACGL's 8.55, indicating that on an earnings basis, SPNT is not as cheap as it appears. The market may be waiting for sustained evidence that the MGA partnership model and portfolio remediation can deliver consistent returns before re-rating the stock.
Combined Ratio Misleads Without Reserve Adjustments
The combined ratio is the most misapplied metric for SiriusPoint, as reported figures in Q4 2025 (71.2%) were flattered by reserve releases, obscuring the true accident-year performance.
Analysts should adjust the combined ratio for reserve development to isolate current underwriting profitability. The 2026Q2 combined ratio of 88.7% may still include favorable prior-year development, and the ex-cat accident-year loss ratio is a more reliable indicator of pricing adequacy. Without this adjustment, investors may overestimate the sustainability of SPNT's underwriting margins, especially given the social inflation risk in US casualty lines.