Latest Ratios: P/E Ratio 29.1x · EV/EBITDA 6.6x · ROE 12.0%. (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 | $558M | $563M | $575M | $654M | $275M | $404M | $395M | $620M | $462M | $452M | $508M |
| Enterprise Value | $764M | $769M | $829M | $907M | $575M | $640M | $589M | $863M | $600M | $624M | $615M |
| P/E Ratio → | 29.08 | 28.85 | 21.81 | 21.26 | — | 13.14 | 13.69 | 63.72 | 17.80 | 16.35 | 14.13 |
| P/S Ratio | 0.42 | 0.43 | 0.43 | 0.50 | 0.22 | 0.35 | 0.39 | 0.59 | 0.41 | 0.39 | 0.43 |
| P/B Ratio | 3.31 | 3.29 | 3.70 | 4.67 | 2.23 | 1.91 | 2.11 | 3.76 | 2.56 | 2.33 | 3.19 |
| P/FCF | 5.89 | 5.94 | 57.66 | 9.73 | — | 17.30 | 7.07 | 11.46 | 20.64 | — | 7.30 |
| P/OCF | 5.48 | 5.53 | 11.14 | 6.30 | 9.95 | 7.44 | 4.23 | 8.24 | 8.82 | 11.10 | 5.14 |
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 | — | 0.59 | 0.62 | 0.69 | 0.47 | 0.56 | 0.58 | 0.82 | 0.53 | 0.54 | 0.52 |
| EV / EBITDA | 6.58 | 6.62 | 7.97 | 8.37 | 6.64 | 7.34 | 5.89 | 7.98 | 5.14 | 5.60 | 5.05 |
| EV / EBIT | 10.03 | 14.64 | 13.50 | 13.50 | 35.94 | 12.58 | 9.84 | 24.55 | 10.80 | 11.96 | 8.40 |
| EV / FCF | — | 8.11 | 83.14 | 13.50 | — | 27.38 | 10.56 | 15.96 | 26.77 | — | 8.83 |
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 | 24.5% | 24.5% | 27.4% | 27.3% | 24.9% | 25.6% | 27.4% | 28.1% | 28.0% | 27.6% | 27.8% |
| Operating Margin | 5.8% | 5.8% | 5.1% | 5.5% | 4.1% | 4.1% | 5.9% | 6.5% | 6.5% | 6.0% | 6.9% |
| Net Profit Margin | 1.5% | 1.5% | 2.0% | 2.3% | -1.5% | 2.7% | 2.8% | 1.2% | 2.3% | 2.4% | 3.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.0% | 12.0% | 18.0% | 23.3% | -10.9% | 15.4% | 16.1% | 7.2% | 13.9% | 15.7% | 25.4% |
| ROA | 2.5% | 2.5% | 3.3% | 3.8% | -2.2% | 3.8% | 3.7% | 1.7% | 3.5% | 3.6% | 4.7% |
| ROIC | 14.5% | 14.5% | 12.7% | 13.3% | 8.7% | 8.5% | 11.4% | 14.0% | 15.9% | 16.6% | 21.7% |
| ROCE | 15.9% | 15.9% | 13.5% | 14.3% | 9.5% | 8.9% | 11.6% | 13.5% | 14.4% | 13.5% | 15.7% |
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 | 1.58 | 1.58 | 1.99 | 2.23 | 2.81 | 1.37 | 1.28 | 1.79 | 1.05 | 1.16 | 1.18 |
| Debt / EBITDA | 2.32 | 2.32 | 2.97 | 2.88 | 4.00 | 3.31 | 2.39 | 2.72 | 1.63 | 2.02 | 1.54 |
| Net Debt / Equity | — | 1.20 | 1.63 | 1.81 | 2.43 | 1.11 | 1.04 | 1.47 | 0.76 | 0.89 | 0.67 |
| Net Debt / EBITDA | 1.77 | 1.77 | 2.44 | 2.34 | 3.46 | 2.70 | 1.95 | 2.25 | 1.18 | 1.54 | 0.87 |
| Debt / FCF | — | 2.17 | 25.48 | 3.77 | — | 10.08 | 3.49 | 4.49 | 6.13 | — | 1.53 |
| Interest Coverage | 2.93 | 2.93 | 3.02 | 3.39 | 1.46 | 7.28 | 7.32 | 3.05 | 4.87 | 5.27 | 7.37 |
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 | 1.14 | 1.14 | 1.25 | 1.23 | 1.26 | 1.14 | 1.24 | 1.33 | 1.42 | 1.44 | 1.58 |
| Quick Ratio | 1.14 | 1.14 | 1.25 | 1.23 | 1.26 | 1.14 | 1.24 | 1.33 | 1.42 | 1.44 | 1.58 |
| Cash Ratio | 0.21 | 0.21 | 0.18 | 0.20 | 0.16 | 0.18 | 0.18 | 0.22 | 0.24 | 0.21 | 0.35 |
| Asset Turnover | — | 1.72 | 1.67 | 1.65 | 1.56 | 1.34 | 1.35 | 1.38 | 1.60 | 1.48 | 1.60 |
| 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 | 2.5% | 2.5% | 2.4% | 1.9% | 4.3% | 3.1% | 2.4% | 2.1% | 2.9% | 3.0% | 2.7% |
| Payout Ratio | 73.0% | 73.0% | 51.7% | 41.5% | — | 41.3% | 34.1% | 105.5% | 52.1% | 49.5% | 37.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 3.5% | 4.6% | 4.7% | — | 7.6% | 7.3% | 1.6% | 5.6% | 6.1% | 7.1% |
| FCF Yield | 17.0% | 16.8% | 1.7% | 10.3% | — | 5.8% | 14.1% | 8.7% | 4.8% | — | 13.7% |
| Buyback Yield | 1.9% | 1.9% | 0.7% | 0.4% | 9.7% | 4.7% | 0.7% | 4.2% | 2.5% | 1.6% | 0.3% |
| Total Shareholder Yield | 4.4% | 4.4% | 3.1% | 2.4% | 14.0% | 7.9% | 3.1% | 6.4% | 5.4% | 4.7% | 2.9% |
| Shares Outstanding | — | $50M | $50M | $50M | $49M | $54M | $53M | $54M | $52M | $53M | $54M |
High Operating Margin Sensitivity
Based on reported figures, Crawford & Company trades at a P/B of 3.49, which appears elevated given the firm's inconsistent ROE performance that peaked at only 6.9% in 2025Q3, suggesting investors may be mispricing the company's long-term earnings potential relative to its historical book value.
The current P/B multiple implies an expectation of future franchise growth or margin expansion that is not currently supported by the firm's recent -2.00% revenue contraction. Investors should monitor whether this valuation premium is a reflection of the company's proprietary Contractor Connection network or simply a legacy mispricing of a low-margin service provider.
As reported in recent financial statements, the combined ratio fluctuated between 93.2% and 98.7% over the last ten quarters, indicating that Crawford & Company's underwriting profitability remains highly sensitive to operational costs and the unpredictable frequency of catastrophe-driven claims across its global adjusting segments.
The narrow underwriting margin, which compressed to 4.0% in 2026Q1, suggests that the firm lacks the necessary scale to absorb inflationary pressures in professional labor costs. This volatility warrants further investigation into whether the company can successfully transition toward automated claims processing to stabilize its expense ratio.
According to quarterly data, the expense ratio has shown significant variance, reaching as high as 27.0% in 2023Q4, which highlights the firm's struggle to maintain operating efficiency while managing a labor-intensive workforce that requires surge capacity to meet the demands of major weather-related claim events.
The inability to consistently lower the expense ratio suggests that the company's operating model is heavily reliant on variable labor, which creates a structural drag on margins. Analysts should consider whether the current level of investment in technology is sufficient to drive the desk-adjusting efficiencies required to improve long-term profitability.
As indicated by the firm's volatile net income, the P/E ratio is frequently misapplied to Crawford & Company, as it fails to account for the significant non-recurring charges and the subjective nature of unbilled revenue recognition that often distort the company's true earnings power.
Investors should prioritize the combined ratio and ROE as more reliable indicators of operational health, as the P/E multiple is heavily influenced by accounting adjustments rather than cash-generative performance. Relying on P/E may lead to an overestimation of the firm's stability during periods of low claim activity.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CRD-A stock.
Crawford & Company's current P/E ratio is 29.1x. The historical average is 18.2x. This places it at the 93th percentile of its historical range.
Crawford & Company's current EV/EBITDA is 6.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.4x.
Crawford & Company's return on equity (ROE) is 12.0%. The historical average is 10.8%.
Based on historical data, Crawford & Company is trading at a P/E of 29.1x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Crawford & Company's current dividend yield is 2.52% with a payout ratio of 73.0%.
Crawford & Company has 24.5% gross margin and 5.8% operating margin.
Crawford & Company's Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.