Last 48 quarters of trend data · Financial Services · Insurance - Property & Casualty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
The Hanover Insurance Group, Inc.'s quarterly P/E stands at 8.4x, down 32.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 32.0% YoY to 7.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.69 | 8.42 | 8.35 | 9.25 | 9.88 | 12.42 | 8.42 | 13.22 | 28.00 | 10.71 | 10.19 | 115.60 | — |
| — | -32.3% | -0.8% | -30.1% | -64.7% | +16.1% | -17.3% | -88.6% | — | — | — | -96.4% | — | |
| P/S Ratio | 1.06 | 0.92 | 0.99 | 1.00 | 0.94 | 0.99 | 0.90 | 0.87 | 0.74 | 0.80 | 0.72 | 0.66 | 0.67 |
| — | -6.8% | +10.6% | +15.1% | +26.3% | +23.8% | +24.7% | +31.1% | +10.6% | +1.2% | -11.6% | -22.0% | -34.3% | |
| P/B Ratio | 1.98 | 1.76 | 1.86 | 1.93 | 1.92 | 2.08 | 1.99 | 1.88 | 1.78 | 1.96 | 1.78 | 1.89 | 1.80 |
| — | -15.3% | -6.7% | +2.7% | +7.8% | +6.1% | +11.7% | -0.8% | -1.1% | +2.3% | -13.5% | -6.0% | -12.2% | |
| P/FCF | 5.95 | 13.64 | 4.40 | 3.00 | 7.54 | 42.67 | 6.72 | 3.45 | 8.29 | 22.03 | 12.14 | 4.52 | 44.05 |
| — | -68.0% | -34.6% | -13.0% | -9.0% | +93.7% | -44.6% | -23.7% | -81.2% | -71.9% | +96.5% | +21.5% | -88.0% | |
| EV / EBITDA | 7.96 | 7.27 | 6.18 | 7.72 | 8.50 | 10.69 | 7.12 | 11.07 | 23.99 | 9.35 | 8.05 | 1872.87 | — |
| — | -32.0% | -13.3% | -30.2% | -64.6% | +14.4% | -11.5% | -99.4% | — | — | — | +514.4% | — | |
| EV / EBIT | 8.37 | 7.27 | 6.18 | 7.31 | 8.10 | 10.08 | 6.83 | 10.42 | 20.87 | 8.88 | 7.66 | 147.86 | — |
| — | -27.9% | -9.5% | -29.9% | -61.2% | +13.6% | -10.9% | -92.9% | — | — | — | +1.5% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
The Hanover Insurance Group, Inc.'s operating margin was 13.9% in Q1 2026, down 1.5 pp QoQ and up 3.9 pp YoY. Gross margin expanded 113.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.5% | 43.7% | 46.8% | 24.5% | 22.7% | 20.5% | 25.7% | 19.2% | 14.6% | 20.0% | 20.6% | 10.5% | 4.8% |
| — | +113.7% | +81.7% | +27.7% | +55.4% | +2.5% | +24.9% | +83.5% | +206.0% | +109.5% | +111.6% | -4.6% | -65.4% | |
| Operating Margin | 12.8% | 13.9% | 15.4% | 13.7% | 12.0% | 10.0% | 13.4% | 8.3% | 3.3% | 9.4% | 9.8% | -0.1% | -6.0% |
| — | +38.9% | +15.1% | +64.9% | +260.4% | +6.5% | +36.4% | +14108.8% | +155.4% | +877.4% | +1088.3% | -262.0% | -376.4% | |
| Net Margin | 10.0% | 11.0% | 11.9% | 10.8% | 9.5% | 8.0% | 10.6% | 6.5% | 2.6% | 7.5% | 7.1% | 0.6% | -4.6% |
| — | +36.7% | +11.6% | +64.8% | +260.7% | +7.3% | +50.7% | +1053.1% | +157.3% | +1001.2% | +999.7% | +1449.5% | -362.0% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.7% | 5.2% | 5.7% | 5.4% | 5.0% | 4.4% | 5.9% | 3.8% | 1.6% | 4.6% | 4.7% | 0.4% | -3.0% |
| — | +20.1% | -3.4% | +43.1% | +214.4% | -5.9% | +24.7% | +852.1% | +153.4% | +1011.2% | +1039.9% | +1826.8% | -456.1% | |
| ROA | 4.1% | 1.1% | 1.2% | 1.1% | 1.0% | 0.8% | 1.1% | 0.7% | 0.3% | 0.8% | 0.7% | 0.1% | -0.5% |
| — | +33.8% | +7.4% | +62.8% | +266.3% | +5.4% | +46.9% | +1019.9% | +156.2% | +1026.1% | +992.3% | +1529.7% | -395.9% | |
| ROIC | 18.5% | 4.5% | 5.2% | 4.5% | 4.1% | 3.6% | 4.9% | 3.1% | 1.3% | 3.6% | 4.1% | -0.0% | -2.3% |
| — | +26.7% | +5.0% | +44.6% | +221.9% | -1.8% | +21.4% | +12737.2% | +154.7% | +906.2% | +1156.2% | -300.8% | -460.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The Hanover Insurance Group, Inc.'s Debt/EBITDA ratio is 3.6x, down from 4.5x last quarter — at a moderate level that warrants monitoring. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.24 | 0.34 | 0.37 | 0.24 | 0.26 | 0.28 | 0.27 | 0.31 | 0.31 | 0.32 | 0.37 | 0.35 |
| — | -8.3% | +23.6% | +37.1% | -20.6% | -17.0% | -13.1% | -26.4% | -12.2% | -5.2% | -5.3% | +8.6% | +15.0% | |
| Debt / EBITDA | 1.37 | 3.56 | 4.47 | 5.67 | 3.97 | 4.93 | 3.72 | 6.02 | 15.04 | 5.36 | 5.19 | 1305.00 | — |
| — | -27.9% | +20.3% | -5.9% | -73.6% | -8.0% | -28.3% | -99.5% | — | — | — | +617.4% | — | |
| Current Ratio | 0.62 | 41.90 | 0.58 | 20.65 | 7.86 | — | 7.18 | — | 0.35 | — | — | — | — |
| — | — | -92.0% | — | +2171.2% | — | — | — | — | — | — | — | — | |
| Quick Ratio | 0.62 | 41.90 | 0.58 | 20.65 | 7.86 | — | 7.18 | — | 0.35 | — | — | — | — |
| — | — | -92.0% | — | +2171.2% | — | — | — | — | — | — | — | — | |
| Interest Coverage | 20.53 | 21.95 | 18.78 | 20.58 | 24.12 | 19.84 | 25.88 | 16.26 | 6.97 | 18.09 | 18.67 | 0.89 | -9.55 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying THG stock.
The Hanover Insurance Group, Inc.'s current P/E is 10.7x. The average P/E over the last 4 quarters is 9.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Hanover Insurance Group, Inc.'s current operating margin is 12.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Hanover Insurance Group, Inc.'s business trajectory between earnings reports.