What is The Hanover Insurance Group's EV / EBITDA?

The Hanover Insurance Group (THG) reported EV / EBITDA of 6.9× in Q1 2026.

What is the long-term trend for The Hanover Insurance Group's EV / EBITDA?

Over 3 years (2020 to 2025), The Hanover Insurance Group's EV / EBITDA has grown at a -9.7% compound annual growth rate (CAGR), from 9.8× to 7.2×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

The Hanover Insurance Group THG EV / EBITDA

EV / EBITDA at other companies

ProgressivePGR

8.5×-6.4×

The Travelers CompaniesTRV

7×-3.5×

AllstateALL

4.4×-4.4×

American Financial GroupAFG

9.4×-1.0×

The Hartford Financial Services GroupHIG

7.1×-2.2×

W.R. BerkleyWRB

9.6×-1.7×

Other financials

Income statement

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Revenue$1.7B+6.1%

Operating income$250.2M+34.2%

Net income$186.8M+45.7%

EPS (diluted)$5.20+48.6%

Balance sheet

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Cash & equivalents$243.5M-22.7%

Total debt$843.8M+7.6%

Total equity$3.6B+17.3%

Total assets$16.5B+6.8%

Cash flow

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Operating cash flow$118.8M+205%

CapEx$3.5M+94.4%

Free cash flow$115.3M+211%

Valuation

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Market cap$6.92B-2.7%

Enterprise value$7.53B-0.6%

P/E9.6×-6.6×

P/S1×-0.1×

Profitability

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Operating margin13.4%—

Net margin10.8%+3.8pp

FCF margin18.7%+6.3pp

Returns & leverage

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Return on equity21.8%+6.0pp

Debt / equity0.2×0.0×

Where this comes from

Calculated from The Hanover Insurance Group’s reported figures.

enterprise value/ebitda=6.9×

Based on the most recent quarter.

The official record: The Hanover Insurance Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Hanover Insurance Group's EV / EBITDA?: The Hanover Insurance Group (THG) reported EV / EBITDA of 6.9× in Q1 2026.
What is the long-term trend for The Hanover Insurance Group's EV / EBITDA?: Over 3 years (2020 to 2025), The Hanover Insurance Group's EV / EBITDA has grown at a -9.7% compound annual growth rate (CAGR), from 9.8× to 7.2×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.