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CINCINNATI FINANCIAL CORP CINF

Nasdaq · stock · Fire, Marine & Casualty Insurance · website · IPO 1980-03-17 · LEI

CINCINNATI FINANCIAL CORP statistics & valuation

Market cap$28.5B
P / E11.9×
P / S2.3×
P / B1.8×
P / FCF9.2×
Dividend yield1.84%
Net margin18.9%
Return on equity15.0%
FCF margin24.5%
Net cash$641.0M
Enterprise value USD$27.8B
Graham number +7.6%$185.57

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($185.57); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.80% 18.20% 5.30% 25.20% 16.10% 30.80% -7.40% 18.40% 20.20% 18.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
8.40% 12.70% 3.70% 20.20% 11.30% 23.30% -4.60% 15.20% 16.40% 15.00% 2016201720182019202020212022202320242025
Shares outstanding
198.3M 198.3M 198.3M 198.3M 162.4M 162.7M 158.8M 158.1M 157.8M 157.7M 2016201720182019202020212022202320242025
Net debt ($)
$10.0M $130.0M $4.0M $21.0M -$112.0M -$350.0M -$475.0M -$117.0M -$193.0M -$641.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.90% 4.80% 1.30% 7.90% 4.40% 9.50% -1.60% 5.60% 6.30% 5.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
20.20% 18.10% 21.50% 14.90% 19.50% 20.40% 31.00% 20.30% 23.20% 24.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.11× 0.10× 0.10× 0.08× 0.07× 0.06× 0.07× 0.07× 0.06× 0.05× 2016201720182019202020212022202320242025
EPS ($)
$3.55 $6.29 $1.75 $12.10 $7.49 $18.24 -$3.06 $11.66 $14.53 $15.17 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CINCINNATI FINANCIAL CORP trades at about 11.4× earnings — near its 10-year norm (10-year range 6.5×–46.4×, median 11.2×).

6.5× 46.4×

Shaded band = 10-year range (6.5×–46.4×); dot = today's 11.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin18.9%20.2%18.4%-7.4%30.8%16.1%25.2%5.3%18.2%10.8%
FCF margin24.5%23.2%20.3%31.0%20.4%19.5%14.9%21.5%18.1%20.2%
Return on assets5.8%6.3%5.6%-1.6%9.5%4.4%7.9%1.3%4.8%2.9%
Return on equity15.0%16.4%15.2%-4.6%23.3%11.3%20.2%3.7%12.7%8.4%
Debt / equity0.05×0.06×0.07×0.07×0.06×0.07×0.08×0.10×0.10×0.11×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.