Latest Ratios: P/E Ratio 7.0x · EV/EBITDA 3.7x · ROE 39.6%. (1995–2025 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 | $1.2B | $974M | $617M | $482M | $326M | $532M | $483M | $958M | $1.4B | $979M | $1.0B |
| Enterprise Value | $915M | $665M | $458M | $201M | $40M | $412M | $384M | $876M | $1.2B | $779M | $922M |
| P/E Ratio → | 6.95 | 5.35 | 10.48 | 7.20 | — | 26.15 | 25.18 | 20.58 | 11.60 | 9.15 | 10.18 |
| P/S Ratio | 0.77 | 0.61 | 0.41 | 0.35 | 0.27 | 0.47 | 0.45 | 1.02 | 1.65 | 1.30 | 1.48 |
| P/B Ratio | 2.30 | 1.77 | 1.65 | 1.41 | 1.13 | 1.24 | 1.08 | 1.94 | 2.71 | 2.23 | 2.73 |
| P/FCF | 3.24 | 2.58 | 4.74 | 7.20 | 1.02 | 2.34 | 39.82 | 13.07 | 6.08 | 4.07 | 8.95 |
| P/OCF | 3.21 | 2.55 | 4.49 | 6.79 | 1.00 | 2.27 | 16.46 | 11.33 | 5.90 | 4.00 | 8.34 |
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 | — | 0.42 | 0.30 | 0.14 | 0.03 | 0.37 | 0.36 | 0.93 | 1.46 | 1.04 | 1.35 |
| EV / EBITDA | 3.66 | 2.66 | 5.05 | 2.10 | — | 11.67 | 13.08 | 12.80 | 7.62 | 4.46 | 5.55 |
| EV / EBIT | 3.76 | 2.67 | 5.07 | 2.13 | — | 14.21 | 15.78 | 13.80 | 7.86 | 4.57 | 5.66 |
| EV / FCF | — | 1.76 | 3.53 | 3.00 | 0.12 | 1.81 | 31.64 | 11.96 | 5.38 | 3.24 | 8.14 |
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 | 38.2% | 38.2% | 13.1% | 13.7% | 5.7% | 10.4% | 10.7% | 16.9% | 30.6% | 34.9% | 37.7% |
| Operating Margin | 15.2% | 15.2% | 5.6% | 6.3% | -2.2% | 2.5% | 2.3% | 6.8% | 18.6% | 22.7% | 23.8% |
| Net Profit Margin | 11.5% | 11.5% | 3.9% | 4.8% | -1.8% | 1.8% | 1.8% | 5.0% | 14.2% | 14.2% | 14.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 39.6% | 39.6% | 16.5% | 21.2% | -6.2% | 4.6% | 4.1% | 9.3% | 24.9% | 26.4% | 29.9% |
| ROA | 6.4% | 6.4% | 2.3% | 2.6% | -0.9% | 1.1% | 1.1% | 2.6% | 7.1% | 8.5% | 9.7% |
| ROIC | 79.7% | 79.7% | 46.0% | 211.9% | -13.1% | 6.5% | 4.8% | 12.6% | 39.1% | 49.2% | 61.0% |
| ROCE | 16.8% | 16.8% | 6.2% | 18.2% | -5.5% | 7.4% | 1.4% | 3.6% | 10.3% | 14.9% | 17.2% |
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 | 0.18 | 0.18 | 0.27 | 0.34 | 0.36 | 0.30 | 0.15 | 0.20 | 0.02 | 0.03 | 0.04 |
| Debt / EBITDA | 0.40 | 0.40 | 1.12 | 1.22 | — | 3.69 | 2.31 | 1.47 | 0.07 | 0.07 | 0.09 |
| Net Debt / Equity | — | -0.56 | -0.42 | -0.82 | -0.99 | -0.28 | -0.22 | -0.17 | -0.31 | -0.46 | -0.24 |
| Net Debt / EBITDA | -1.23 | -1.23 | -1.74 | -2.93 | — | -3.40 | -3.38 | -1.19 | -0.98 | -1.15 | -0.55 |
| Debt / FCF | — | -0.82 | -1.22 | -4.19 | -0.89 | -0.53 | -8.19 | -1.12 | -0.69 | -0.83 | -0.80 |
| Interest Coverage | 51.63 | 51.63 | 15.67 | 16.17 | -3.61 | 49.82 | 256.06 | — | — | — | — |
Net cash position: cash ($409M) exceeds total debt ($100M)
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 | 0.58 | 0.58 | 2.54 | 1.11 | 1.05 | 1.18 | — | — | 7.41 | 3.15 | 2.07 |
| Quick Ratio | 0.58 | 0.58 | 2.54 | 1.11 | 1.05 | 1.18 | — | — | 5.06 | 5.38 | 4.75 |
| Cash Ratio | 0.27 | 0.27 | 0.66 | 0.81 | 0.57 | 0.85 | — | — | 0.84 | 1.49 | 1.32 |
| Asset Turnover | — | 0.56 | 0.54 | 0.60 | 0.42 | 0.55 | 0.61 | 0.55 | 0.44 | 0.52 | 0.65 |
| 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 | 1.8% | 2.3% | 3.6% | 4.8% | 7.3% | 4.5% | 5.1% | 2.7% | 1.9% | 2.5% | 2.4% |
| Payout Ratio | 12.1% | 12.1% | 37.9% | 34.8% | — | 118.5% | 128.5% | 56.1% | 21.8% | 22.4% | 24.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 14.4% | 18.7% | 9.5% | 13.9% | — | 3.8% | 4.0% | 4.9% | 8.6% | 10.9% | 9.8% |
| FCF Yield | 30.8% | 38.7% | 21.1% | 13.9% | 98.1% | 42.7% | 2.5% | 7.6% | 16.5% | 24.5% | 11.2% |
| Buyback Yield | 1.8% | 2.3% | 3.6% | 4.6% | 3.6% | 0.3% | 6.0% | 6.9% | 1.9% | 1.9% | 0.8% |
| Total Shareholder Yield | 3.6% | 4.6% | 7.2% | 9.4% | 10.9% | 4.8% | 11.1% | 9.6% | 3.7% | 4.3% | 3.2% |
| Shares Outstanding | — | $29M | $29M | $30M | $31M | $31M | $32M | $34M | $36M | $36M | $36M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying UVE stock.
Universal Insurance Holdings, Inc.'s current P/E ratio is 7.0x. The historical average is 10.0x. This places it at the 35th percentile of its historical range.
Universal Insurance Holdings, Inc.'s current EV/EBITDA is 3.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.3x.
Universal Insurance Holdings, Inc.'s return on equity (ROE) is 39.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 19.3%.
Based on historical data, Universal Insurance Holdings, Inc. is trading at a P/E of 7.0x. This is at the 35th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Universal Insurance Holdings, Inc.'s current dividend yield is 1.75% with a payout ratio of 12.1%.
Universal Insurance Holdings, Inc. has 38.2% gross margin and 15.2% operating margin. Operating margin between 10-20% is typical for established companies.
Universal Insurance Holdings, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Florida catastrophe concentration
Metrics are mathematically derived from official filings.
Combined Ratio Inflects Sharply
UVE's combined ratio improved to 81.3% in 2026Q2 from 104.7% in 2024Q3, as per financial statements, signaling a durable underwriting turnaround driven by Florida tort reform and benign catastrophe activity.
The 23.4-point improvement in the combined ratio over seven quarters is remarkable, with the loss ratio falling from 96.9% to 57.5%. This suggests that legislative changes limiting attorney fees and assignment of benefits are having a structural impact on claims costs, though the low catastrophe quarter may have flattered results. Investors should monitor whether the loss ratio normalizes above 60% in a more active hurricane season, but the trend clearly indicates a more profitable underwriting environment.
ROE Surges on Underwriting Gains
ROE expanded to 9.7% in 2026Q2 from 1.6% in 2024Q4, as reported in financial statements, with underwriting margins contributing 18.7% to the quarter, a dramatic reversal from negative underwriting income in 2024Q3.
The decomposition of ROE shows that underwriting profitability, not investment income, is driving the recovery. With a combined ratio of 81.3%, underwriting margins are exceptionally strong, and while investment income on the $408.8 million cash pile adds a modest cushion, the core driver is disciplined risk selection and favorable claims trends. The sustainability of this ROE level hinges on the persistence of Florida's tort reform benefits and the absence of major hurricane losses.
Leverage Eases as Capital Grows
UVE's debt-to-equity ratio declined to 0.15 in 2026Q2 from 0.28 in 2024Q1, as per balance sheet data, reflecting a 39% expansion in equity while debt remained stable, indicating a strengthening capital base.
The reduction in financial leverage is a positive signal for a catastrophe-exposed insurer, as it provides greater capacity to absorb shock losses. However, the more relevant underwriting leverage—premium-to-surplus—is not directly disclosed, but the rapid equity build suggests that premium growth is being matched by capital retention. This conservative capital structure may support a higher valuation multiple if the market rewards stability.
Valuation Discount Persists vs Peers
UVE trades at 2.29x book value versus HCI's 2.02x and HRTG's 1.80x, as per market data, yet its P/E of 6.92 is lower than HCI's 7.04, suggesting the market prices in higher catastrophe risk.
Despite a superior combined ratio of 81.3% versus HCI's likely mid-80s, UVE's P/B is only slightly higher, implying the market is not fully crediting its underwriting improvement. The 'Florida discount' appears to persist, possibly due to UVE's higher historical volatility and smaller market cap. If the tort reform benefits prove durable, UVE's valuation may re-rate closer to HCI's, but investors should watch for any signs of margin erosion.
P/E Misleads on Catastrophe Risk
UVE's trailing P/E of 6.92, as per market data, is distorted by a massive one-time EPS beat in 2026Q2, obscuring the underlying earnings power and the potential for catastrophe-driven volatility.
The P/E ratio is particularly misleading for P&C insurers because it is highly sensitive to catastrophe losses and reserve releases. UVE's 2026Q2 EPS of $2.04 versus $0.03 estimate likely includes favorable prior-year reserve development, which is non-recurring. A more appropriate metric is the combined ratio adjusted for reserve development, or a normalized ROE over a full catastrophe cycle. Investors should use P/B in conjunction with a multi-year average ROE to assess valuation.