W. R. Berkley Corporation (WRB) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↑
10.89
-10% vs avg
5yr avg: 12.05
30Y Low0.9·High19.2
P/FCF
↑
7.14
-3% vs avg
5yr avg: 7.34
30Y Low1.5·High16.6
P/B Ratio
↑
2.72
+0% vs avg
5yr avg: 2.72
30Y Low0.6·High3.0
ROE
↑
19.6%
↓+1% vs avg
5yr avg: 19.5%
30Y Low-11%·High23%
Debt/EBITDA
↓
1.23
↓-24% vs avg
5yr avg: 1.63
30Y Low0.3·High6.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WRB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
W. R. Berkley Corporation trades at 14.9x earnings, roughly in line with its 5-year average of 14.6x, sitting at the 79th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 11%. On a free-cash-flow basis, the stock trades at 7.1x P/FCF, roughly in line with the 5-year average of 7.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.8B | $28.0B | $23.6B | $19.3B | $20.3B | $15.4B | $12.5B | $13.4B | $9.5B | $9.2B | $8.6B |
| Enterprise Value | $25.1B | $28.3B | $24.5B | $20.8B | $21.7B | $17.1B | $12.9B | $15.0B | $11.5B | $10.8B | $10.2B |
| P/E Ratio → | 14.86 | 15.76 | 13.42 | 13.99 | 14.71 | 15.01 | 23.62 | 19.69 | 14.80 | 16.85 | 14.18 |
| P/S Ratio | 1.68 | 1.90 | 1.73 | 1.59 | 1.82 | 1.63 | 1.55 | 1.69 | 1.23 | 1.15 | 1.12 |
| P/B Ratio | 2.72 | 2.88 | 2.81 | 2.59 | 3.00 | 2.30 | 1.98 | 2.19 | 1.73 | 1.70 | 1.68 |
| P/FCF | 7.14 | 8.07 | 6.60 | 6.72 | 8.06 | 7.26 | 7.94 | 12.34 | 16.62 | 15.53 | 10.72 |
| P/OCF | 6.80 | 7.69 | 6.41 | 6.60 | 7.90 | 7.04 | 7.76 | 11.69 | 15.29 | 13.00 | 10.08 |
P/E links to full P/E history page with 30-year chart
WRB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
W. R. Berkley Corporation's enterprise value stands at 10.9x EBITDA, 10% below its 5-year average of 12.1x. This is roughly in line with the Financial Services sector median of 11.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.92 | 1.79 | 1.71 | 1.94 | 1.80 | 1.59 | 1.89 | 1.49 | 1.35 | 1.34 |
| EV / EBITDA | 10.89 | 12.29 | 11.68 | 12.00 | 12.20 | 12.08 | 15.35 | 15.50 | 12.14 | 12.18 | 10.43 |
| EV / EBIT | 10.74 | 11.76 | 10.23 | 11.06 | 11.71 | 11.93 | 15.07 | 14.88 | 11.82 | 11.73 | 9.88 |
| EV / FCF | — | 8.15 | 6.85 | 7.23 | 8.61 | 8.06 | 8.17 | 13.82 | 20.08 | 18.13 | 12.84 |
WRB Profitability
Margins and return-on-capital ratios measuring operating efficiency
W. R. Berkley Corporation earns an operating margin of 15.9%, below the Financial Services sector average of 21.4%. Operating margins have expanded from 14.4% to 15.9% over the past 3 years, signaling improving operational efficiency. ROE of 19.6% indicates solid capital efficiency, compared to the sector median of 9.5%. ROIC of 18.2% 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 | 19.8% | 19.8% | 22.9% | 22.4% | 21.8% | 21.4% | 16.6% | 18.7% | 18.0% | 20.6% | 18.8% |
| Operating Margin | 15.9% | 15.9% | 16.6% | 14.4% | 15.4% | 13.6% | 8.7% | 10.8% | 10.6% | 9.6% | 11.7% |
| Net Profit Margin | 12.1% | 12.1% | 12.9% | 11.4% | 12.4% | 10.8% | 6.6% | 8.6% | 8.3% | 6.9% | 7.9% |
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 | 19.6% | 19.6% | 22.1% | 19.4% | 20.6% | 15.7% | 8.5% | 11.8% | 11.7% | 10.4% | 12.4% |
| ROA | 4.2% | 4.2% | 4.5% | 3.9% | 4.2% | 3.4% | 1.9% | 2.6% | 2.6% | 2.3% | 2.7% |
| ROIC | 18.2% | 18.2% | 18.6% | 15.4% | 15.6% | 12.8% | 7.3% | 8.4% | 8.4% | 8.4% | 10.5% |
| ROCE | 13.9% | 13.9% | 14.6% | 12.3% | 12.5% | 10.7% | 2.6% | 3.3% | 3.3% | 3.2% | 4.0% |
WRB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
W. R. Berkley Corporation carries a Debt/EBITDA ratio of 1.2x, which is manageable (70% below the sector average of 4.1x). Net debt stands at $300M ($2.8B total debt minus $2.5B cash). Interest coverage of 19.0x 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 | 0.29 | 0.29 | 0.34 | 0.38 | 0.42 | 0.49 | 0.43 | 0.43 | 0.51 | 0.46 | 0.49 |
| Debt / EBITDA | 1.23 | 1.23 | 1.36 | 1.64 | 1.60 | 2.31 | 3.24 | 2.72 | 2.96 | 2.82 | 2.53 |
| Net Debt / Equity | — | 0.03 | 0.10 | 0.20 | 0.21 | 0.25 | 0.06 | 0.26 | 0.36 | 0.28 | 0.33 |
| Net Debt / EBITDA | 0.13 | 0.13 | 0.41 | 0.85 | 0.78 | 1.20 | 0.42 | 1.66 | 2.09 | 1.75 | 1.72 |
| Debt / FCF | — | 0.09 | 0.24 | 0.51 | 0.55 | 0.80 | 0.22 | 1.48 | 3.46 | 2.60 | 2.12 |
| Interest Coverage | 18.95 | 18.95 | 18.84 | 14.76 | 14.19 | 9.72 | 5.68 | 6.56 | 6.17 | 6.25 | 7.36 |
WRB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.39x means W. R. Berkley Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.39 | 1.39 | 1.37 | 1.36 | 1.34 | 1.40 | — | — | — | — | — |
| Quick Ratio | 1.39 | 1.39 | 1.37 | 1.36 | 1.34 | 1.40 | — | — | — | — | — |
| Cash Ratio | 1.08 | 1.08 | 1.04 | 1.00 | 0.99 | 1.06 | — | — | — | — | — |
| Asset Turnover | — | 0.33 | 0.34 | 0.33 | 0.33 | 0.29 | 0.28 | 0.30 | 0.31 | 0.33 | 0.33 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
WRB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
W. R. Berkley Corporation returns 3.7% to shareholders annually — split between a 2.7% dividend yield and 1.1% buyback yield. The payout ratio of 39.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.7% (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 | 2.7% | 2.5% | 2.3% | 2.6% | 1.2% | 2.3% | 0.7% | 2.3% | 2.7% | 2.0% | 2.2% |
| Payout Ratio | 39.4% | 39.4% | 30.3% | 36.3% | 17.0% | 34.8% | 15.9% | 45.2% | 39.8% | 34.3% | 30.6% |
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 | 6.7% | 6.3% | 7.5% | 7.1% | 6.8% | 6.7% | 4.2% | 5.1% | 6.8% | 5.9% | 7.1% |
| FCF Yield | 14.0% | 12.4% | 15.1% | 14.9% | 12.4% | 13.8% | 12.6% | 8.1% | 6.0% | 6.4% | 9.3% |
| Buyback Yield | 1.1% | 1.0% | 1.3% | 2.8% | 0.5% | 0.8% | 2.8% | 0.1% | 0.3% | 0.5% | 1.5% |
| Total Shareholder Yield | 3.7% | 3.5% | 3.5% | 5.4% | 1.6% | 3.1% | 3.4% | 2.4% | 3.0% | 2.6% | 3.7% |
| Shares Outstanding | — | $399M | $403M | $410M | $419M | $420M | $425M | $435M | $433M | $435M | $434M |
Peer Comparison
Compare WRB 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 |
|---|---|---|---|---|---|---|---|---|---|
 WRBYou | $25B | 14.9 | 10.9 | 7.1 | 19.8% | 15.9% | 19.6% | 18.2% | 1.2 |
 HIG | $37B | 10.0 | 7.9 | 6.4 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 CNA | $12B | 9.3 | 8.6 | 4.9 | 30.7% | 11.0% | 11.5% | 8.8% | 1.9 |
 MKL | $22B | 10.6 | 7.7 | 8.7 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 RLI | $5B | 11.2 | 8.7 | 7.4 | 29.8% | 27.5% | 24.4% | 22.8% | 0.2 |
 ACGL | $34B | 8.1 | 6.9 | 5.5 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 WTM | $5B | 4.8 | 4.4 | — | 53.7% | 49.1% | 19.4% | 16.1% | 0.6 |
 AIG | $42B | 14.3 | 6.8 | 12.6 | 34.5% | 14.5% | 7.4% | 5.9% | 1.3 |
 TRV | $65B | 11.0 | 8.7 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 CB | $126B | 12.5 | 10.9 | 8.6 | 29.4% | 21.8% | 13.9% | 10.8% | 1.7 |
 HCI | $2B | 6.2 | — | 4.5 | — | — | 42.3% | — | — |
| Financial Services Median | — | 13.4 | 11.5 | 10.7 | 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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Start ComparisonWRB — Frequently Asked Questions
Quick answers to the most common questions about buying WRB stock.
What is W. R. Berkley Corporation's P/E ratio?
W. R. Berkley Corporation's current P/E ratio is 14.9x. The historical average is 12.1x. This places it at the 79th percentile of its historical range.
What is W. R. Berkley Corporation's EV/EBITDA?
W. R. Berkley Corporation's current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.2x.
What is W. R. Berkley Corporation's ROE?
W. R. Berkley Corporation's return on equity (ROE) is 19.6%. The historical average is 12.9%.
Is WRB stock overvalued?
Based on historical data, W. R. Berkley Corporation is trading at a P/E of 14.9x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is W. R. Berkley Corporation's dividend yield?
W. R. Berkley Corporation's current dividend yield is 2.65% with a payout ratio of 39.4%.
What are W. R. Berkley Corporation's profit margins?
W. R. Berkley Corporation has 19.8% gross margin and 15.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does W. R. Berkley Corporation have?
W. R. Berkley Corporation's Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.