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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	78.5%-17.1pp	95.6%—	——	——
Net margin	53.2%-15.4pp	68.6%—	——	——
Returns
Return on equity	48.4%-19.1pp	67.6%—	——	——
Return on invested capital	54.1%-18.5pp	72.6%—	——	——
Efficiency
Asset turnover	1×-0.1×	1.1×-0.1×	1.1×+0.2×	1×-0.2×
Leverage
Debt-to-equity	1×-0.1×	1.1×0.0×	1.1×-0.2×	1.4×+0.1×
Net debt / EBITDA	0.6×-0.2×	0.8×—	——	——
Valuation
Market capitalization	$100.39B+20.4%	$83.37B+12.8%	$73.92B+5.6%	$69.97B+7.6%
Price / earnings	48.7×+16.0×	32.7×—	——	——
Price / sales	6.5×+0.9×	5.5×+0.4×	5.2×-0.9×	6×+0.9×
Price / book	5.6×+0.6×	5.1×-0.1×	5.2×-0.1×	5.3×+0.7×
EV / EBITDA	30.3×+8.0×	22.2×—	——	——

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Questions, answered.

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.