Where do Markel's ratios come from?

Every ratio is computed from Markel's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Markel MKL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	76.8%-1.7pp	78.5%-4.0pp	82.5%-9.4pp	91.9%+1.4pp	90.4%-5.1pp
Net margin	51.6%-1.6pp	53.2%-4.5pp	57.7%-6.7pp	64.3%0.0pp	64.4%-4.2pp
Returns
Return on equity	47.2%-1.2pp	48.4%-5.4pp	53.8%-7.3pp	61%-0.6pp	61.6%-6.0pp
Return on invested capital	53.1%-1.0pp	54.1%-3.8pp	58%-8.5pp	66.4%-0.1pp	66.5%-6.1pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Leverage
Debt-to-equity	1×0.0×	1×0.0×	1×0.0×	1.1×0.0×	1.1×0.0×
Net debt / EBITDA	0.8×+0.2×	0.6×0.0×	0.6×0.0×	0.7×-0.1×	0.8×0.0×
Valuation
Market capitalization	$100.59B+0.2%	$100.39B+5.1%	$95.49B+4.0%	$91.78B+5.2%	$87.25B+4.7%
Price / earnings	49.4×+0.6×	48.7×+4.8×	44×+4.7×	39.2×+1.5×	37.8×+5.1×
Price / sales	6.3×-0.1×	6.5×+0.3×	6.2×+0.2×	6×+0.2×	5.8×+0.3×
Price / book	5.6×-0.1×	5.6×+0.1×	5.5×+0.1×	5.4×+0.2×	5.2×+0.1×
EV / EBITDA	30.7×+0.4×	30.3×+2.1×	28.1×+2.7×	25.4×+0.4×	25×+2.7×

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Where do Markel's ratios come from?: Every ratio is computed from Markel's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.