The Travelers Companies, Inc. (TRV) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↑
8.68
↓-16% vs avg
5yr avg: 10.30
30Y Low0.9·High20.0
P/FCF
↑
N/A
—
5yr avg: 6.05
30Y Low2.7·High11.5
P/B Ratio
↑
2.09
+13% vs avg
5yr avg: 1.84
30Y Low1.0·High2.1
ROE
↑
20.7%
↓+35% vs avg
5yr avg: 15.3%
30Y Low-17%·High21%
Debt/EBITDA
↓
1.09
↓-25% vs avg
5yr avg: 1.47
30Y Low0.1·High14.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TRV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Travelers Companies, Inc. trades at 11.0x earnings, 13% below its 5-year average of 12.7x, sitting at the 48th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 18%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $65.2B | $66.0B | $55.7B | $44.2B | $44.9B | $39.2B | $35.7B | $35.9B | $32.3B | $37.8B | $35.6B |
| Enterprise Value | $73.6B | $74.4B | $63.1B | $51.8B | $51.4B | $45.8B | $41.6B | $42.0B | $38.5B | $44.0B | $41.8B |
| P/E Ratio → | 10.99 | 10.57 | 11.22 | 14.89 | 15.93 | 10.80 | 13.34 | 13.81 | 12.81 | 18.50 | 11.91 |
| P/S Ratio | 1.33 | 1.35 | 1.20 | 1.07 | 1.22 | 1.13 | 1.12 | 1.14 | 1.07 | 1.31 | 1.29 |
| P/B Ratio | 2.09 | 2.01 | 2.00 | 1.77 | 2.08 | 1.36 | 1.22 | 1.38 | 1.41 | 1.59 | 1.53 |
| P/FCF | — | — | 6.14 | 5.74 | 6.95 | 5.39 | 5.48 | 6.90 | 7.38 | 9.11 | 7.97 |
| P/OCF | 6.14 | 6.22 | 6.14 | 5.74 | 6.95 | 5.39 | 5.48 | 6.90 | 7.38 | 9.11 | 7.97 |
P/E links to full P/E history page with 30-year chart
TRV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Travelers Companies, Inc.'s enterprise value stands at 8.7x EBITDA, 16% below its 5-year average of 10.3x. The Financial Services sector median is 11.4x, placing the stock at a 24% 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 | — | 1.52 | 1.36 | 1.25 | 1.39 | 1.31 | 1.30 | 1.33 | 1.27 | 1.52 | 1.51 |
| EV / EBITDA | 8.68 | 8.78 | 9.16 | 12.65 | 12.30 | 8.59 | 10.32 | 10.76 | 10.23 | 12.42 | 8.56 |
| EV / EBIT | 9.44 | 9.06 | 9.61 | 13.81 | 13.88 | 9.54 | 11.62 | 12.06 | 11.62 | 14.20 | 9.46 |
| EV / FCF | — | — | 6.96 | 6.71 | 7.96 | 6.29 | 6.38 | 8.07 | 8.79 | 10.61 | 9.34 |
TRV Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Travelers Companies, Inc. earns an operating margin of 16.0%, below the Financial Services sector average of 21.4%. Operating margins have expanded from 8.1% to 16.0% over the past 3 years, signaling improving operational efficiency. ROE of 20.7% indicates solid capital efficiency, compared to the sector median of 9.5%. ROIC of 15.3% 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 | 44.3% | 44.3% | 26.7% | 21.6% | 23.1% | 27.2% | 25.3% | 24.8% | 25.1% | 25.2% | 31.0% |
| Operating Margin | 16.0% | 16.0% | 13.3% | 8.1% | 9.1% | 12.8% | 10.1% | 9.9% | 9.8% | 9.4% | 14.7% |
| Net Profit Margin | 12.9% | 12.9% | 10.8% | 7.2% | 7.7% | 10.5% | 8.4% | 8.3% | 8.3% | 7.1% | 10.9% |
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 | 20.7% | 20.7% | 18.9% | 12.9% | 11.3% | 12.6% | 9.8% | 10.7% | 10.8% | 8.8% | 12.9% |
| ROA | 4.5% | 4.5% | 3.9% | 2.5% | 2.4% | 3.1% | 2.4% | 2.4% | 2.4% | 2.0% | 3.0% |
| ROIC | 15.3% | 15.3% | 13.7% | 8.4% | 7.9% | 9.5% | 7.2% | 7.7% | 7.5% | 6.9% | 10.3% |
| ROCE | 8.6% | 8.6% | 4.9% | 2.9% | 2.9% | 3.9% | 3.0% | 2.9% | 3.0% | 2.8% | 4.3% |
TRV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Travelers Companies, Inc. carries a Debt/EBITDA ratio of 1.1x, which is manageable (73% below the sector average of 4.1x). Net debt stands at $8.4B ($9.3B total debt minus $842M cash). Interest coverage of 18.3x 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 | 0.28 | 0.28 | 0.29 | 0.32 | 0.34 | 0.25 | 0.22 | 0.25 | 0.29 | 0.28 | 0.28 |
| Debt / EBITDA | 1.09 | 1.09 | 1.17 | 1.96 | 1.74 | 1.37 | 1.63 | 1.68 | 1.74 | 1.85 | 1.32 |
| Net Debt / Equity | — | 0.26 | 0.27 | 0.30 | 0.30 | 0.23 | 0.20 | 0.23 | 0.27 | 0.26 | 0.26 |
| Net Debt / EBITDA | 0.99 | 0.99 | 1.08 | 1.84 | 1.55 | 1.23 | 1.45 | 1.55 | 1.64 | 1.76 | 1.26 |
| Debt / FCF | — | — | 0.82 | 0.98 | 1.00 | 0.90 | 0.89 | 1.17 | 1.41 | 1.50 | 1.37 |
| Interest Coverage | 18.34 | 18.34 | 15.77 | 8.97 | 9.56 | 13.11 | 9.55 | 9.12 | 8.41 | 7.40 | 11.17 |
TRV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.23x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.23 | 0.23 | — | — | — | — | — | — | — | — | — |
| Quick Ratio | 0.23 | 0.23 | — | — | — | — | — | — | — | — | — |
| Cash Ratio | 0.07 | 0.07 | 6.60 | 21.62 | 18.53 | 18.95 | 17.38 | — | 11.95 | 12.03 | 12.09 |
| Asset Turnover | — | 0.34 | 0.35 | 0.33 | 0.32 | 0.29 | 0.27 | 0.29 | 0.29 | 0.28 | 0.28 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TRV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Travelers Companies, Inc. returns 6.2% to shareholders annually — split between a 1.4% dividend yield and 4.8% buyback yield. The payout ratio of 15.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.1% (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 | 1.4% | 1.5% | 1.7% | 2.1% | 1.9% | 2.2% | 2.4% | 2.3% | 2.5% | 2.1% | 2.1% |
| Payout Ratio | 15.6% | 15.6% | 19.0% | 30.4% | 30.8% | 23.7% | 31.9% | 32.2% | 32.3% | 38.2% | 25.1% |
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 | 9.1% | 9.5% | 8.9% | 6.7% | 6.3% | 9.3% | 7.5% | 7.2% | 7.8% | 5.4% | 8.4% |
| FCF Yield | — | — | 16.3% | 17.4% | 14.4% | 18.5% | 18.2% | 14.5% | 13.6% | 11.0% | 12.5% |
| Buyback Yield | 4.8% | 4.7% | 2.0% | 2.3% | 4.6% | 5.6% | 1.9% | 4.3% | 4.1% | 3.8% | 6.9% |
| Total Shareholder Yield | 6.2% | 6.2% | 3.7% | 4.4% | 6.5% | 7.8% | 4.3% | 6.7% | 6.6% | 5.9% | 9.1% |
| Shares Outstanding | — | $228M | $231M | $232M | $240M | $251M | $255M | $262M | $270M | $279M | $291M |
Peer Comparison
Compare TRV 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 |
|---|---|---|---|---|---|---|---|---|---|
 TRVYou | $65B | 11.0 | 8.7 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 CB | $126B | 12.5 | 10.9 | 8.7 | 29.4% | 21.8% | 13.9% | 10.8% | 1.7 |
 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 |
 CINF | $25B | 10.6 | 7.8 | 8.1 | 50.1% | 23.6% | 16.0% | 15.3% | 0.3 |
 ALL | $56B | 5.7 | 4.6 | 5.7 | 33.2% | 19.8% | 39.6% | 29.8% | 0.5 |
 PGR | $116B | 13.7 | 11.2 | 7.8 | 27.7% | 14.2% | 37.0% | 27.0% | 0.6 |
 ERIE | $10B | 20.8 | 12.4 | 17.9 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 KMPR | $2B | 6.7 | 7.5 | 6.0 | 12.7% | 8.4% | 12.0% | 7.3% | 3.1 |
| 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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Full TRV Stock Analysis
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Start ComparisonTRV — Frequently Asked Questions
Quick answers to the most common questions about buying TRV stock.
What is The Travelers Companies, Inc.'s P/E ratio?
The Travelers Companies, Inc.'s current P/E ratio is 11.0x. The historical average is 16.5x. This places it at the 48th percentile of its historical range.
What is The Travelers Companies, Inc.'s EV/EBITDA?
The Travelers Companies, Inc.'s current EV/EBITDA is 8.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
What is The Travelers Companies, Inc.'s ROE?
The Travelers Companies, Inc.'s return on equity (ROE) is 20.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 11.3%.
Is TRV stock overvalued?
Based on historical data, The Travelers Companies, Inc. is trading at a P/E of 11.0x. This is at the 48th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The Travelers Companies, Inc.'s dividend yield?
The Travelers Companies, Inc.'s current dividend yield is 1.43% with a payout ratio of 15.6%.
What are The Travelers Companies, Inc.'s profit margins?
The Travelers Companies, Inc. has 44.3% gross margin and 16.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does The Travelers Companies, Inc. have?
The Travelers Companies, Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.