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%-13.7pp	78.5%-17.1pp	82.5%-9.8pp	91.9%—	90.4%—
Net margin	51.6%-12.8pp	53.2%-15.4pp	57.7%-7.2pp	64.3%—	64.4%—
Returns
Return on equity	47.2%-14.3pp	48.4%-19.1pp	53.8%-10.8pp	61%—	61.6%—
Return on invested capital	53.1%-13.4pp	54.1%-18.5pp	58%-13.3pp	66.4%—	66.5%—
Efficiency
Asset turnover	1×-0.1×	1×-0.1×	1×-0.1×	1×-0.1×	1×-0.1×
Leverage
Debt-to-equity	1×-0.1×	1×-0.1×	1×0.0×	1.1×0.0×	1.1×0.0×
Net debt / EBITDA	0.8×0.0×	0.6×-0.2×	0.6×0.0×	0.7×—	0.8×—
Valuation
Market capitalization	$100.59B+15.3%	$100.39B+20.4%	$95.49B+19.4%	$91.78B+16.0%	$87.25B+13.6%
Price / earnings	49.4×+11.6×	48.7×+16.0×	44×+9.9×	39.2×—	37.8×—
Price / sales	6.3×+0.5×	6.5×+0.9×	6.2×+0.8×	6×+0.7×	5.8×+0.7×
Price / book	5.6×+0.4×	5.6×+0.6×	5.5×+0.5×	5.4×+0.1×	5.2×0.0×
EV / EBITDA	30.7×+5.7×	30.3×+8.0×	28.1×+5.7×	25.4×—	25×—

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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.