Latest Ratios: P/E Ratio 15.3x · EV/EBITDA 10.3x · ROE 7.5%. (1996–2025 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 | $1.9B | $2.0B | $1.9B | $1.6B | $1.2B | $2.2B | $1.2B | $969M | $981M | $998M | $1.1B |
| Enterprise Value | $2.3B | $2.5B | $2.2B | $2.0B | $1.5B | $2.3B | $993M | $863M | $897M | $957M | $1.0B |
| P/E Ratio → | 15.34 | 17.39 | 25.86 | 52.93 | 7.19 | 6.70 | 7.77 | 12.32 | 20.60 | 20.53 | 24.91 |
| P/S Ratio | 0.65 | 0.70 | 0.76 | 0.72 | 0.38 | 0.66 | 0.53 | 0.50 | 0.51 | 0.51 | 0.54 |
| P/B Ratio | 1.09 | 1.24 | 1.35 | 1.17 | 0.85 | 1.67 | 1.19 | 1.29 | 1.44 | 1.47 | 1.67 |
| P/FCF | 14.26 | 15.42 | 19.95 | 35.73 | 8.12 | 6.18 | 4.62 | 6.49 | 13.34 | 10.89 | 10.32 |
| P/OCF | 9.17 | 9.92 | 14.00 | 19.47 | 6.09 | 5.55 | 4.37 | 5.82 | 11.65 | 9.24 | 8.80 |
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 | — | 0.85 | 0.90 | 0.87 | 0.49 | 0.70 | 0.43 | 0.44 | 0.47 | 0.49 | 0.50 |
| EV / EBITDA | 10.29 | 10.98 | 12.77 | 15.93 | 5.23 | 4.92 | 4.18 | 6.18 | 9.20 | 9.48 | 8.49 |
| EV / EBIT | 14.09 | 13.79 | 16.74 | 24.37 | 6.04 | 5.27 | 4.49 | 7.11 | 11.73 | 12.19 | 11.01 |
| EV / FCF | — | 18.80 | 23.62 | 43.41 | 10.53 | 6.60 | 3.81 | 5.78 | 12.20 | 10.44 | 9.57 |
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 | 87.7% | 87.7% | 96.8% | 96.4% | 96.7% | 96.2% | 95.0% | 95.6% | 96.3% | 95.1% | 95.5% |
| Operating Margin | 5.7% | 5.7% | 4.6% | 2.7% | 7.6% | 13.1% | 9.5% | 6.0% | 3.8% | 3.8% | 4.4% |
| Net Profit Margin | 4.0% | 4.0% | 2.9% | 1.3% | 5.3% | 9.8% | 6.8% | 4.1% | 2.5% | 2.5% | 2.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.5% | 7.5% | 5.3% | 2.2% | 12.2% | 28.0% | 17.5% | 11.0% | 7.0% | 7.3% | 8.6% |
| ROA | 3.9% | 3.9% | 2.7% | 1.1% | 5.8% | 13.5% | 8.7% | 5.3% | 3.4% | 3.5% | 4.2% |
| ROIC | 6.4% | 6.4% | 4.9% | 2.7% | 11.0% | 29.0% | 22.6% | 14.1% | 8.8% | 9.3% | 11.7% |
| ROCE | 7.1% | 7.1% | 5.3% | 2.8% | 10.6% | 24.1% | 12.2% | 7.9% | 9.3% | 9.8% | 11.9% |
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 | 0.47 | 0.47 | 0.40 | 0.42 | 0.43 | 0.49 | 0.22 | 0.30 | 0.16 | 0.16 | 0.16 |
| Debt / EBITDA | 3.39 | 3.39 | 3.21 | 4.71 | 2.05 | 1.35 | 0.93 | 1.61 | 1.11 | 1.08 | 0.90 |
| Net Debt / Equity | — | 0.27 | 0.25 | 0.25 | 0.25 | 0.11 | -0.21 | -0.14 | -0.12 | -0.06 | -0.12 |
| Net Debt / EBITDA | 1.97 | 1.97 | 1.98 | 2.82 | 1.20 | 0.31 | -0.89 | -0.76 | -0.86 | -0.40 | -0.67 |
| Debt / FCF | — | 3.38 | 3.66 | 7.68 | 2.41 | 0.42 | -0.81 | -0.71 | -1.14 | -0.44 | -0.75 |
| Interest Coverage | 8.82 | 8.82 | 6.74 | 4.08 | 13.64 | 87.26 | 84.27 | 27.94 | 19.72 | 22.71 | 29.75 |
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 | 0.72 | 0.72 | 0.74 | 0.72 | 0.68 | 1.04 | — | — | 1.34 | 1.38 | 1.38 |
| Quick Ratio | 0.72 | 0.72 | 0.74 | 0.72 | 0.68 | 1.04 | — | — | 1.34 | 2.51 | 2.44 |
| Cash Ratio | 0.48 | 0.48 | 0.48 | 0.49 | 0.47 | 0.84 | — | — | 0.36 | 1.42 | 1.41 |
| Asset Turnover | — | 0.90 | 0.91 | 0.84 | 1.12 | 1.18 | 1.16 | 1.22 | 1.39 | 1.39 | 1.50 |
| 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 | 3.2% | 2.9% | 2.8% | 3.1% | 3.8% | 1.7% | 2.5% | 2.9% | 2.9% | 2.8% | 2.6% |
| Payout Ratio | 50.6% | 50.6% | 73.5% | 166.0% | 27.5% | 11.3% | 19.5% | 36.1% | 59.5% | 57.8% | 50.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.5% | 5.8% | 3.9% | 1.9% | 13.9% | 14.9% | 12.9% | 8.1% | 4.9% | 4.9% | 4.0% |
| FCF Yield | 7.0% | 6.5% | 5.0% | 2.8% | 12.3% | 16.2% | 21.6% | 15.4% | 7.5% | 9.2% | 9.7% |
| Buyback Yield | 0.2% | 0.2% | 0.2% | 0.1% | 0.3% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 3.5% | 3.1% | 3.0% | 3.2% | 4.1% | 1.8% | 2.6% | 3.0% | 3.0% | 2.9% | 2.7% |
| Shares Outstanding | — | $29M | $28M | $28M | $27M | $27M | $25M | $24M | $24M | $24M | $23M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying STC stock.
Stewart Information Services Corporation's current P/E ratio is 15.3x. The historical average is 18.0x. This places it at the 63th percentile of its historical range.
Stewart Information Services Corporation's current EV/EBITDA is 10.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.2x.
Stewart Information Services Corporation's return on equity (ROE) is 7.5%. The historical average is 7.2%.
Based on historical data, Stewart Information Services Corporation is trading at a P/E of 15.3x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Stewart Information Services Corporation's current dividend yield is 3.25% with a payout ratio of 50.6%.
Stewart Information Services Corporation has 87.7% gross margin and 5.7% operating margin.
Stewart Information Services Corporation's Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Reserve volatility and housing headwinds
Metrics are mathematically derived from official filings.
Combined Ratio Resilience Masks Expense Pressure
Stewart's combined ratio improved to 93.9% in Q2 2026, according to recent financial statements, with the loss ratio at 2.5% but expense ratio elevated at 91.4%, indicating underwriting profitability hinges on cost control.
The combined ratio has remained below 100% for ten consecutive quarters, with Q2 2026 at 93.9%, but the composition is unusual: the loss ratio is exceptionally low at 2.5%, while the expense ratio is 91.4%. This suggests that underwriting profitability is driven by minimal claims rather than operational efficiency, and the expense ratio's volatility—spiking to 96.1% in Q1 2025—reflects high operating leverage. Investors should monitor whether the low loss ratio is sustainable or if reserve releases have temporarily suppressed it.
ROE Recovery Led by Underwriting, Not Investments
ROE improved to 2.2% in Q2 2026 from 0.2% in Q1 2025, as per reported figures, with underwriting margins at 6.1% and investment income negligible, indicating earnings are entirely dependent on transactional volume.
The ROE trajectory shows a clear recovery from the trough in Q1 2025, but the absolute level remains low at 2.2% quarterly, annualizing to roughly 9%. The decomposition is stark: underwriting margin of 6.1% is the sole contributor, as investment income is not a meaningful driver given the minimal portfolio. This concentration exposes Stewart to housing market cycles, and the Q1 2026 loss ratio spike to 37.7% demonstrates how a single reserve charge can compress ROE to 1.0%.
Minimal Debt Provides Cyclical Buffer
Stewart's debt-to-equity ratio stands at 0.46%, according to balance sheet data, with interest coverage of 8.41x in Q2 2026, indicating a fortress-like capital structure that can absorb housing downturns without financial distress.
The near-zero leverage is a strategic advantage in a cyclical industry, allowing Stewart to maintain dividends and pursue acquisitions during troughs. Interest coverage of 8.41x is robust, though it dipped to 2.19x in Q1 2025 when earnings were depressed, highlighting the earnings sensitivity. The premium-to-surplus ratio is not directly disclosed, but the low debt suggests ample capacity to increase underwriting leverage if management chooses to expand market share.
Valuation Discount Reflects Scale Disadvantage
Stewart trades at a P/B of 1.21 versus FAF's 1.36 and FNF's 1.44, according to peer data, with a forward P/E of 12.63, suggesting the market prices in lower scale-driven efficiency and higher cyclicality.
The P/B discount to peers is justified by Stewart's lower ROE—2.2% quarterly versus FAF's 13.6% and FNF's 8.6% annualized—which reflects its smaller scale and higher expense ratio. The forward P/E of 12.63 implies the market expects earnings recovery, but the Q2 2026 EPS miss of $0.42 suggests margin compression may persist. Investors should compare Stewart's combined ratio of 93.9% to FAF's and FNF's, which are not disclosed here, but the expense ratio gap likely explains the valuation gap.
Combined Ratio Misleads Without Reserve Context
The combined ratio of 93.9% in Q2 2026, as reported, obscures the Q1 2026 loss ratio spike to 37.7%, which suggests reserve volatility that a single-quarter snapshot misses, warranting a multi-quarter average for true underwriting quality.
Analysts commonly use the combined ratio as the definitive profitability metric, but for Stewart, the loss ratio's extreme volatility—ranging from 2.5% to 37.7%—makes a single quarter misleading. The Q1 2026 spike likely reflects adverse reserve development, and the subsequent normalization in Q2 may be temporary. A trailing twelve-month combined ratio, adjusted for reserve changes, would provide a more accurate picture, and investors should also monitor the expense ratio's stability, as it is the primary driver of underwriting profitability.