Markel Corporation
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 10.8 | 17.5 | 17.8 | 21.5 | – | – | 26.9 | 20.6 | 22.2 | 21.4 | 12.2 | 12.1 | – | 16.6 | 13.9 | 28.4 | 16.7 | 26.0 | 29.9 | 21.3 | 27.9 | 40.4 | – | 8.9 | 17.5 | 7.0 | – | 9.5 | 8.2 | 13.0 | |
| 1.4 | 2.1 | 2.4 | 1.7 | 1.1 | 1.1 | 1.1 | 1.2 | 1.6 | 1.4 | 1.9 | 2.0 | 1.5 | 1.6 | 1.7 | 1.5 | 1.4 | 1.7 | 1.9 | 2.3 | 2.3 | 2.6 | 2.1 | 1.7 | 1.5 | 1.3 | 1.5 | 1.2 | 1.3 | 1.6 | |
| 1.9 | 2.5 | 2.4 | 2.3 | 1.7 | 1.4 | 1.7 | 1.8 | 2.2 | 1.9 | 2.1 | 1.9 | 1.3 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.3 | 1.6 | 0.7 | 1.1 | 1.6 | 0.9 | 0.7 | 1.2 | 0.5 | 1.3 | 1.3 | 1.5 | |
| – | – | – | – | 1.6 | 1.3 | 1.2 | 1.4 | 1.8 | 1.7 | 2.0 | 2.1 | 1.5 | 1.7 | 1.9 | 1.8 | 1.6 | 1.6 | 1.8 | 2.7 | 2.5 | 2.8 | 2.2 | 1.7 | 1.4 | 1.3 | 1.6 | 1.2 | 1.4 | 1.7 | |
| – | – | – | – | 52.4 | – | 11.6 | 10.7 | 13.3 | 13.2 | 7.8 | 7.7 | – | 12.2 | 10.0 | 13.8 | 9.6 | 10.2 | 12.3 | 13.4 | 14.4 | 40.0 | 41.0 | 6.0 | 9.1 | 4.8 | 51.9 | 5.9 | 5.5 | 8.5 | |
| 5.6 | 13.8 | 27.4 | – | 18.0 | 9.8 | 4.1 | 4.1 | 5.4 | 6.1 | 9.5 | 9.9 | 7.9 | 12.8 | 20.4 | 16.1 | 12.2 | 10.5 | 15.1 | 21.7 | 27.0 | 20.4 | 18.4 | 13.8 | 8.7 | 8.0 | 7.3 | 7.5 | 9.6 | 10.7 | |
| 17.9% | 7.3% | 3.6% | -0.4% | 5.6% | 10.2% | 24.4% | 24.5% | 18.6% | 16.5% | 10.5% | 10.1% | 12.7% | 7.8% | 4.9% | 6.2% | 8.2% | 9.6% | 6.6% | 4.6% | 3.7% | 4.9% | 5.4% | 7.3% | 11.5% | 12.5% | 13.7% | 13.3% | 10.4% | 9.3% | |
| Margins | ||||||||||||||||||||||||||||||
| 100.0% | 71.3% | 23.0% | 16.0% | 2.2% | -7.4% | 9.5% | 11.4% | 12.4% | 11.4% | 24.6% | 25.4% | 35.8% | 52.0% | 38.3% | 34.5% | 47.2% | 45.9% | 43.1% | 48.7% | 42.1% | 30.4% | 38.1% | 51.0% | 35.1% | 45.6% | 28.8% | 51.4% | 55.4% | 69.4% | |
| 97.8% | 66.5% | 17.7% | 10.2% | -4.7% | -13.0% | 6.6% | 8.7% | 9.9% | 8.5% | 22.0% | 23.0% | -8.1% | 9.6% | 13.3% | 7.2% | 10.4% | 8.4% | 8.6% | 13.8% | 11.2% | 1.4% | -0.1% | 24.0% | 10.4% | 24.2% | -1.3% | 16.9% | 21.7% | 16.5% | |
| 12.7% | 12.0% | 13.4% | 7.7% | -2.5% | -9.0% | 4.3% | 5.9% | 7.3% | 6.7% | 15.6% | 16.3% | -3.0% | 9.7% | 12.0% | 5.4% | 8.4% | 6.5% | 6.3% | 10.9% | 8.1% | 6.5% | -1.8% | 18.8% | 8.5% | 18.8% | -1.8% | 12.7% | 16.4% | 12.7% | |
| 24.7% | 15.3% | 8.7% | -0.7% | 6.4% | 11.2% | 27.8% | 29.8% | 30.2% | 23.7% | 19.9% | 19.9% | 18.8% | 12.6% | 8.1% | 9.6% | 11.6% | 16.1% | 12.4% | 10.6% | 8.4% | 12.9% | 11.3% | 12.1% | 17.0% | 16.5% | 20.8% | 16.1% | 14.0% | 15.4% | |
| Returns | ||||||||||||||||||||||||||||||
| 17.4% | 14.1% | 13.5% | 10.6% | -3.7% | -11.6% | 6.5% | 8.9% | 10.0% | 8.7% | 17.1% | 15.4% | -2.7% | 7.3% | 8.4% | 4.2% | 6.5% | 4.2% | 4.2% | 7.4% | 2.4% | 2.6% | -1.4% | 9.9% | 4.0% | 16.5% | -0.6% | 13.3% | 16.2% | 11.3% | |
| 2.9% | 2.7% | 3.0% | 1.7% | -0.5% | -2.0% | 1.0% | 1.4% | 1.8% | 1.5% | 3.9% | 4.0% | -0.6% | 2.0% | 2.6% | 1.3% | 2.1% | 1.3% | 1.4% | 2.3% | 1.3% | 1.2% | -0.5% | 4.8% | 2.0% | 5.0% | -0.3% | 4.6% | 5.8% | 3.1% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| – | – | – | – | 473 | 234 | 129 | 390 | 476 | 614 | 304 | 203 | 49 | 113 | 510 | 759 | 507 | -509 | -229 | 1,851 | 1,020 | 987 | 902 | 574 | -731 | 383 | 467 | -350 | 311 | 534 | |
| – | – | – | – | 14.4 | – | 0.7 | 1.4 | 1.5 | 2.1 | 0.5 | 0.3 | – | 0.4 | 1.2 | 2.2 | 1.0 | -0.8 | -0.3 | 1.7 | 1.1 | 2.3 | 2.4 | 0.2 | -0.5 | 0.1 | 1.3 | -0.1 | 0.1 | 0.2 | |
| 16.7% | 19.1% | 22.1% | 15.6% | 13.7% | 16.8% | 15.6% | 16.2% | 17.6% | 17.4% | 22.8% | 26.1% | 23.0% | 27.1% | 31.0% | 30.8% | 32.5% | 29.9% | 32.2% | 31.7% | 54.6% | 46.0% | 33.4% | 48.3% | 49.2% | 30.4% | 59.7% | 34.5% | 35.7% | 27.0% | |
| – | – | – | – | 1.0 | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.6 | 0.1 | 0.2 | 0.4 | 0.2 | 0.2 | 0.3 | 0.1 | 0.3 | 0.3 | 0.2 | |
| Per Share | ||||||||||||||||||||||||||||||
| 8.30 | 8.92 | 10.17 | 7.20 | -3.99 | -14.73 | 7.65 | 12.31 | 16.41 | 14.80 | 39.40 | 40.64 | -5.99 | 20.52 | 27.27 | 14.60 | 25.96 | 22.33 | 22.85 | 41.45 | 32.37 | 28.22 | -9.21 | 128.99 | 59.03 | 175.59 | -15.93 | 149.20 | 210.65 | 165.52 | |
| 65.17 | 74.16 | 75.62 | 92.95 | 158.27 | 163.73 | 179.78 | 208.55 | 224.41 | 220.14 | 252.86 | 248.80 | 201.40 | 210.60 | 227.47 | 270.40 | 307.37 | 343.48 | 365.20 | 381.91 | 398.55 | 433.01 | 499.16 | 685.80 | 697.33 | 936.11 | 869.89 | 1,174.58 | 1,284.43 | 1,303.17 | |
| 47.68 | 63.15 | 75.49 | 67.97 | 108.80 | 127.14 | 117.72 | 137.81 | 164.34 | 170.64 | 230.52 | 264.62 | 222.20 | 282.35 | 324.17 | 348.29 | 398.40 | 530.24 | 540.29 | 562.09 | 1,335.03 | 1,076.60 | 652.21 | 1,304.27 | 1,483.15 | 1,066.47 | 2,790.97 | 1,120.04 | 1,297.13 | 1,460.94 | |
| 16.07 | 11.33 | 6.60 | -0.61 | 10.06 | 18.27 | 50.05 | 62.16 | 67.83 | 52.21 | 50.43 | 49.48 | 37.95 | 26.52 | 18.52 | 25.83 | 35.55 | 55.44 | 45.15 | 40.64 | 33.45 | 55.97 | 56.47 | 82.90 | 118.37 | 154.26 | 180.76 | 188.98 | 179.36 | 200.66 | |
Data as of: September 28, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.