Stocktoria

MARKEL GROUP INC. MKL

NYSE · stock · Fire, Marine & Casualty Insurance · website · IPO 1986-12-12 · LEI

MARKEL GROUP INC. statistics & valuation

Market cap$24.0B
P / E11.4×
P / S1.5×
P / B1.3×
P / FCF9.4×
Net margin13.6%
Return on equity11.3%
FCF margin16.5%
Net debt$339.1M
Net debt / EBITDA0.1×
Enterprise value USD$24.4B
EV / EBITDA6.9×
Earnings yield EBIT/EV13.1%
Graham number +28.4%$2,366.12

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 ($2,366.12); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.10% 6.50% -1.90% 18.80% 8.40% 18.90% -1.90% 14.00% 18.50% 13.60% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
14.30% 3.60% 0.60% 26.00% 13.10% 25.20% -0.80% 20.50% 25.10% 20.60% 2016201720182019202020212022202320242025
Return on equity (%)
5.40% 4.20% -1.40% 16.20% 6.40% 16.40% -1.60% 13.30% 16.20% 11.30% 2016201720182019202020212022202320242025
Shares outstanding
14.1M 14.0M 13.9M 13.9M 13.8M 13.8M 13.6M 13.4M 13.0M 12.6M 2016201720182019202020212022202320242025
Net debt ($)
$461.4M -$857.7M $382.8M -$33.8M $32.7M $637.7M $339.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.80% 1.20% -0.40% 4.80% 2.00% 5.00% -0.40% 3.60% 4.40% 3.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
8.40% 12.90% 11.50% 12.10% 16.80% 16.60% 21.00% 17.70% 15.80% 16.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.32× 0.27× 0.30× 0.31× 0.25× 0.26× 0.23× 2016201720182019202020212022202320242025
EPS ($)
$31.27 $25.81 -$9.55 $129.07 $55.63 $176.38 -$23.72 $146.98 $199.32 $169.22 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

MARKEL GROUP INC. trades at about 10.9× earnings — below its 10-year norm (10-year range 7×–44.5×, median 17.4×).

7× 44.5×

Shaded band = 10-year range (7×–44.5×); dot = today's 10.9×.

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
Operating margin20.6%25.1%20.5%-0.8%25.2%13.1%26.0%0.6%3.6%14.3%
Net margin13.6%18.5%14.0%-1.9%18.9%8.4%18.8%-1.9%6.5%8.1%
FCF margin16.5%15.8%17.7%21.0%16.6%16.8%12.1%11.5%12.9%8.4%
Return on assets3.1%4.4%3.6%-0.4%5.0%2.0%4.8%-0.4%1.2%1.8%
Return on equity11.3%16.2%13.3%-1.6%16.4%6.4%16.2%-1.4%4.2%5.4%
Debt / equity0.23×0.26×0.25×0.31×0.30×0.27×0.32×———

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