Latest Ratios: P/E Ratio 6.5x · EV/EBITDA 3.4x · 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 | $1.1B | $974M | $617M | $482M | $326M | $532M | $483M | $958M | $1.4B | $979M | $1.0B |
| Enterprise Value | $840M | $665M | $458M | $201M | $40M | $412M | $384M | $876M | $1.2B | $779M | $922M |
| P/E Ratio → | 6.51 | 5.35 | 10.48 | 7.20 | — | 26.15 | 25.18 | 20.58 | 11.60 | 9.15 | 10.18 |
| P/S Ratio | 0.72 | 0.61 | 0.41 | 0.35 | 0.27 | 0.47 | 0.45 | 1.02 | 1.65 | 1.30 | 1.48 |
| P/B Ratio | 2.15 | 1.77 | 1.65 | 1.41 | 1.13 | 1.24 | 1.08 | 1.94 | 2.71 | 2.23 | 2.73 |
| P/FCF | 3.04 | 2.58 | 4.74 | 7.20 | 1.02 | 2.34 | 39.82 | 13.07 | 6.08 | 4.07 | 8.95 |
| P/OCF | 3.01 | 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 | 3.36 | 2.66 | 5.05 | 2.10 | — | 11.67 | 13.08 | 12.80 | 7.62 | 4.46 | 5.55 |
| EV / EBIT | 3.45 | 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 | 1.9% | 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 | 15.4% | 18.7% | 9.5% | 13.9% | — | 3.8% | 4.0% | 4.9% | 8.6% | 10.9% | 9.8% |
| FCF Yield | 32.8% | 38.7% | 21.1% | 13.9% | 98.1% | 42.7% | 2.5% | 7.6% | 16.5% | 24.5% | 11.2% |
| Buyback Yield | 1.9% | 2.3% | 3.6% | 4.6% | 3.6% | 0.3% | 6.0% | 6.9% | 1.9% | 1.9% | 0.8% |
| Total Shareholder Yield | 3.8% | 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 |
Florida catastrophe exposure concentration
Based on reported figures, UVE trades at a P/B of 2.15, which appears to reflect a persistent Florida-specific discount compared to broader P&C peers, suggesting that investors remain cautious regarding the long-term sustainability of underwriting margins in a high-catastrophe, litigious regulatory environment.
The current valuation multiple suggests that the market is pricing in significant volatility risk rather than rewarding the company's vertically integrated cost structure. Investors should monitor whether the recent compression in the combined ratio leads to a re-rating of the stock as the market gains confidence in the permanence of recent tort reforms.
According to recent quarterly data, UVE achieved a combined ratio of 81.7% in 2026Q1, a marked improvement from the 104.7% peak in 2024Q3, indicating that the company's underwriting discipline is currently benefiting from a more favorable claims environment and reduced litigation-related loss adjustment expenses.
The trajectory of the combined ratio suggests that the company is successfully navigating the hardening reinsurance market by prioritizing underwriting quality over volume. However, the sustainability of this sub-90% combined ratio remains contingent on the absence of major hurricane events and the continued efficacy of legislative changes in Florida.
As reported in financial statements, UVE's equity base has expanded to $584.7 million in 2026Q1, providing a more robust capital buffer against underwriting volatility compared to the 2023Q4 level of $341.3 million, which suggests an improved capacity to manage premium-to-surplus ratios within rating agency guidelines.
The strengthening of the equity base appears to provide the company with greater flexibility to retain more risk if reinsurance pricing becomes prohibitive. Analysts should monitor whether this capital accumulation leads to more aggressive underwriting or if management maintains a conservative leverage profile to protect against future catastrophe-driven book value erosion.
While the combined ratio is the primary KPI for UVE, it may be a misleading metric because it often masks the company's heavy reliance on third-party reinsurance, which effectively shifts significant underwriting risk off-balance-sheet and creates a dependency on global reinsurance market pricing cycles.
Investors should supplement the combined ratio with an analysis of net-to-gross premium ratios to better understand the true economic cost of risk transfer. Relying solely on the combined ratio may lead to an overestimation of underwriting profitability during periods where reinsurance costs are artificially suppressed or volatile.
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 6.5x. 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 3.4x. 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 6.5x. 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 1.87% 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.