Latest Ratios: P/E Ratio 14.0x · EV/EBITDA 11.6x · ROE 13.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $139.4B | $123.8B | $113.8B | $93.6B | $93.4B | $85.7B | $69.8B | $71.4B | $60.3B | $68.9B | $61.6B |
| Enterprise Value | $154.7B | $139.1B | $127.1B | $105.7B | $106.3B | $100.2B | $83.0B | $84.8B | $71.7B | $80.7B | $73.7B |
| P/E Ratio → | 13.96 | 12.13 | 12.17 | 10.37 | 17.80 | 10.03 | 19.76 | 16.03 | 15.22 | 17.84 | 14.90 |
| P/S Ratio | 2.33 | 2.07 | 2.03 | 1.87 | 2.17 | 2.10 | 1.94 | 2.09 | 1.85 | 2.13 | 1.96 |
| P/B Ratio | 1.79 | 1.55 | 1.66 | 1.47 | 1.85 | 1.43 | 1.17 | 1.29 | 1.20 | 1.35 | 1.28 |
| P/FCF | 9.59 | 8.51 | 7.03 | 7.41 | 8.30 | 7.68 | 7.13 | 11.26 | 11.00 | 15.29 | 11.63 |
| P/OCF | 9.59 | 8.51 | 7.03 | 7.41 | 8.30 | 7.68 | 7.13 | 11.26 | 11.00 | 15.29 | 11.63 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.33 | 2.26 | 2.11 | 2.47 | 2.46 | 2.30 | 2.48 | 2.19 | 2.50 | 2.34 |
| EV / EBITDA | 11.60 | 10.43 | 10.79 | 10.74 | 15.70 | 9.94 | 18.64 | 15.26 | 14.34 | 20.27 | 11.29 |
| EV / EBIT | 11.86 | 10.08 | 10.42 | 10.36 | 15.07 | 9.74 | 17.74 | 14.61 | 13.52 | 18.64 | 13.26 |
| EV / FCF | — | 9.57 | 7.86 | 8.36 | 9.44 | 8.98 | 8.48 | 13.36 | 13.07 | 17.92 | 13.92 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.4% | 29.4% | 28.8% | 27.6% | 25.2% | 27.8% | 19.4% | 25.1% | 24.8% | 23.0% | 28.4% |
| Operating Margin | 21.8% | 21.8% | 20.4% | 19.0% | 15.1% | 24.0% | 11.5% | 15.3% | 14.3% | 11.5% | 15.7% |
| Net Profit Margin | 17.2% | 17.2% | 16.5% | 18.0% | 12.2% | 20.9% | 9.8% | 13.0% | 12.1% | 11.9% | 13.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 13.9% | 14.0% | 15.8% | 9.5% | 14.3% | 6.2% | 8.4% | 7.8% | 7.8% | 10.7% |
| ROA | 4.0% | 4.0% | 3.9% | 4.2% | 2.6% | 4.4% | 1.9% | 2.6% | 2.4% | 2.4% | 3.2% |
| ROIC | 11.1% | 11.1% | 10.9% | 10.3% | 7.1% | 10.0% | 4.4% | 6.0% | 5.5% | 4.5% | 7.4% |
| ROCE | 10.5% | 10.5% | 10.6% | 4.4% | 3.3% | 5.0% | 2.3% | 3.0% | 4.2% | 3.5% | 4.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.23 | 0.23 | 0.29 | 0.27 | 0.25 | 0.27 | 0.28 | 0.25 | 0.31 |
| Debt / EBITDA | 1.32 | 1.32 | 1.32 | 1.47 | 2.20 | 1.60 | 3.36 | 2.68 | 2.87 | 3.16 | 2.27 |
| Net Debt / Equity | — | 0.19 | 0.19 | 0.19 | 0.25 | 0.24 | 0.22 | 0.24 | 0.23 | 0.23 | 0.25 |
| Net Debt / EBITDA | 1.15 | 1.15 | 1.13 | 1.22 | 1.90 | 1.44 | 2.97 | 2.40 | 2.27 | 2.97 | 1.86 |
| Debt / FCF | — | 1.06 | 0.82 | 0.95 | 1.14 | 1.30 | 1.35 | 2.10 | 2.07 | 2.63 | 2.29 |
| Interest Coverage | 18.07 | 18.07 | 16.46 | 15.18 | 12.38 | 20.91 | 9.07 | 10.51 | 8.27 | 7.13 | 9.18 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.62 | 0.62 | — | — | — | — | — | — | 0.02 | 0.01 | 0.02 |
| Quick Ratio | 0.62 | 0.62 | — | — | — | — | — | — | 0.02 | 0.01 | 0.02 |
| Cash Ratio | 0.30 | 0.30 | 0.30 | — | — | — | — | — | 0.02 | 0.01 | 0.02 |
| Asset Turnover | — | 0.22 | 0.23 | 0.22 | 0.22 | 0.20 | 0.19 | 0.19 | 0.19 | 0.19 | 0.20 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.1% | 1.2% | 1.3% | 1.5% | 1.5% | 1.6% | 2.0% | 1.9% | 2.2% | 1.9% | 1.9% |
| Payout Ratio | 14.6% | 14.6% | 15.5% | 15.4% | 26.2% | 16.4% | 39.3% | 30.4% | 33.7% | 33.9% | 28.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 8.2% | 8.2% | 9.6% | 5.6% | 10.0% | 5.1% | 6.2% | 6.6% | 5.6% | 6.7% |
| FCF Yield | 10.4% | 11.7% | 14.2% | 13.5% | 12.0% | 13.0% | 14.0% | 8.9% | 9.1% | 6.5% | 8.6% |
| Buyback Yield | 2.7% | 3.0% | 1.6% | 2.6% | 3.1% | 5.7% | 0.7% | 2.1% | 1.7% | 1.2% | 0.0% |
| Total Shareholder Yield | 3.7% | 4.2% | 2.8% | 4.1% | 4.6% | 7.3% | 2.7% | 4.0% | 3.9% | 3.1% | 1.9% |
| Shares Outstanding | — | $397M | $412M | $414M | $424M | $443M | $453M | $459M | $467M | $471M | $466M |
Social inflation and litigation
Based on recent market data, Chubb trades at a P/B multiple of 1.70, which appears to command a premium over peers like AIG, suggesting that investors assign significant value to the firm's consistent underwriting discipline and its specialized high-net-worth distribution moat.
The current P/B valuation implies that the market expects sustained ROE generation above the cost of capital, likely driven by the firm's ability to maintain underwriting profitability through cycle shifts. While the multiple is lower than some specialty peers, it reflects a balanced assessment of the firm's scale and the potential for earnings volatility inherent in its global casualty exposure.
According to quarterly financial records, Chubb’s combined ratio has largely remained below the 80% threshold, though the 2026Q1 spike to 100% warrants further investigation into whether this represents a temporary anomaly or a fundamental shift in the firm's core loss experience.
The historical ability to maintain a combined ratio well below 100% underscores the firm's underwriting rigor, yet the recent volatility suggests that social inflation may be eroding the margin of safety. Investors should monitor whether the expense ratio remains compressed as the firm integrates new life insurance operations, which could alter the traditional P&C cost structure.
As reported in financial statements, Chubb maintains a D/E ratio of approximately 0.22, indicating a conservative approach to financial leverage that provides the firm with significant flexibility to absorb potential catastrophe losses without compromising its overall solvency or rating agency standing.
This low leverage profile suggests that the company prioritizes balance sheet strength to support its global insurance liabilities, which is essential for maintaining the trust of multinational corporate clients. The stability of this ratio over the last ten quarters implies that management is not relying on debt to artificially inflate ROE, but rather on operational underwriting profit.
Based on the provided data, analysts often misapply headline ROE as a proxy for underwriting success, failing to account for the distortive impact of favorable prior-period reserve development which can mask underlying deterioration in current-year accident loss trends.
Investors should instead focus on the 'Current Accident Year Combined Ratio excluding Catastrophes' to strip away the noise of reserve releases and weather-related volatility. Relying solely on reported ROE may obscure the true economic reality of the firm's underwriting performance, particularly in an environment where social inflation is actively challenging long-term reserve adequacy.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CB stock.
Chubb Limited's current P/E ratio is 14.0x. The historical average is 15.6x. This places it at the 62th percentile of its historical range.
Chubb Limited's current EV/EBITDA is 11.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
Chubb Limited's return on equity (ROE) is 13.9%. The historical average is 11.4%.
Based on historical data, Chubb Limited is trading at a P/E of 14.0x. This is at the 62th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Chubb Limited's current dividend yield is 1.06% with a payout ratio of 14.6%.
Chubb Limited has 29.4% gross margin and 21.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Chubb Limited's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.