Latest Ratios: P/E Ratio 14.3x · EV/EBITDA 7.7x · ROE 3.6%. (2002–2025 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 | $359M | $405M | $493M | $441M | $338M | $369M | $409M | $425M | $510M | $727M | $670M |
| Enterprise Value | $302M | $348M | $487M | $415M | $314M | $436M | $490M | $677M | $700M | $948M | $759M |
| P/E Ratio → | 14.29 | 16.22 | 11.54 | 17.62 | — | 12.76 | — | 6.07 | — | — | 13.45 |
| P/S Ratio | 0.80 | 0.90 | 1.12 | 0.83 | 0.54 | 0.54 | 0.70 | 0.70 | 1.02 | 1.50 | 1.25 |
| P/B Ratio | 0.50 | 0.57 | 0.72 | 0.68 | 0.54 | 0.52 | 0.57 | 0.58 | 0.81 | 1.01 | 0.84 |
| P/FCF | 39.58 | 44.65 | 12.71 | 10.27 | 7.63 | 4.06 | 58.79 | 51.45 | 15.65 | — | — |
| P/OCF | 39.58 | 44.65 | 12.71 | 10.27 | 7.63 | 4.06 | 12.51 | 13.12 | 12.13 | — | — |
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 | — | 0.77 | 1.10 | 0.79 | 0.50 | 0.64 | 0.84 | 1.12 | 1.40 | 1.95 | 1.42 |
| EV / EBITDA | 7.74 | 8.92 | 8.02 | 10.60 | 30.32 | 10.08 | — | 7.62 | — | — | 14.06 |
| EV / EBIT | 9.06 | 10.44 | 8.86 | 12.59 | 63.20 | 10.07 | — | 6.65 | — | 138.22 | 13.42 |
| EV / FCF | — | 38.33 | 12.53 | 9.68 | 7.11 | 4.80 | 70.57 | 82.01 | 21.45 | — | — |
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 | 49.3% | 49.3% | 18.3% | 10.7% | 5.2% | 10.4% | 5.4% | 20.0% | -5.3% | 6.7% | 13.8% |
| Operating Margin | 7.4% | 7.4% | 12.5% | 6.2% | 0.3% | 4.8% | -5.0% | 13.5% | -15.2% | -2.1% | 8.9% |
| Net Profit Margin | 5.6% | 5.6% | 9.8% | 4.8% | -0.1% | 4.3% | -3.6% | 11.6% | -11.4% | -2.0% | 9.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.6% | 3.6% | 6.5% | 4.0% | -0.1% | 4.1% | -2.9% | 10.3% | -8.4% | -1.3% | 6.4% |
| ROA | 1.5% | 1.5% | 2.5% | 1.4% | -0.0% | 1.5% | -1.1% | 3.5% | -2.9% | -0.5% | 2.5% |
| ROIC | 3.8% | 3.8% | 6.3% | 4.0% | 0.2% | 3.1% | -2.5% | 6.8% | -6.5% | -0.8% | 4.1% |
| ROCE | 4.4% | 4.4% | 4.5% | 1.9% | 0.1% | 1.7% | -1.5% | 4.9% | -4.7% | -0.5% | 2.4% |
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 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.21 | 0.21 | 0.41 | 0.46 | 0.41 | 0.20 |
| Debt / EBITDA | 0.21 | 0.21 | 0.17 | 0.33 | 1.51 | 3.37 | — | 3.34 | — | — | 3.03 |
| Net Debt / Equity | — | -0.08 | -0.01 | -0.04 | -0.04 | 0.10 | 0.11 | 0.35 | 0.30 | 0.31 | 0.11 |
| Net Debt / EBITDA | -1.47 | -1.47 | -0.11 | -0.65 | -2.23 | 1.56 | — | 2.84 | — | — | 1.63 |
| Debt / FCF | — | -6.31 | -0.17 | -0.59 | -0.52 | 0.74 | 11.78 | 30.57 | 5.80 | — | — |
| Interest Coverage | — | — | — | — | 1.66 | 4.13 | -0.84 | 5.08 | -2.86 | 0.41 | 6.35 |
Net cash position: cash ($66M) exceeds total debt ($8M)
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 | 1.35 | 1.35 | 1.36 | 14.40 | 32.73 | 40.41 | 42.51 | 48.60 | 2.23 | 14.63 | 763.49 |
| Quick Ratio | 1.35 | 1.35 | 1.36 | 67.46 | 42.14 | 52.16 | 53.29 | 59.59 | 2.90 | 191.45 | 9676.82 |
| Cash Ratio | 1.21 | 1.21 | 1.21 | 393.31 | 27.33 | 34.29 | 36.73 | 41.75 | 1.92 | 134.19 | 6555.70 |
| Asset Turnover | — | 0.26 | 0.25 | 0.31 | 0.35 | 0.34 | 0.31 | 0.29 | 0.25 | 0.24 | 0.27 |
| 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 | 5.6% | 4.9% | 3.9% | 3.2% | 4.3% | 3.9% | 3.5% | 3.3% | 2.7% | — | — |
| Payout Ratio | 79.0% | 79.0% | 44.8% | 56.0% | — | 49.2% | — | 20.3% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.0% | 6.2% | 8.7% | 5.7% | — | 7.8% | — | 16.5% | — | — | 7.4% |
| FCF Yield | 2.5% | 2.2% | 7.9% | 9.7% | 13.1% | 24.6% | 1.7% | 1.9% | 6.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 2.9% | 6.6% | 0.1% | 0.0% | 0.2% | 0.4% | 11.6% | 0.1% |
| Total Shareholder Yield | 5.6% | 4.9% | 4.0% | 6.1% | 10.9% | 4.0% | 3.5% | 3.6% | 3.1% | 11.6% | 0.1% |
| Shares Outstanding | — | $14M | $14M | $14M | $14M | $15M | $14M | $14M | $14M | $17M | $18M |
Underwriting volatility in specialty lines
Based on reported financial data, GBLI trades at a P/B of 0.51, which suggests that the market assigns a significant discount to the firm's book value compared to higher-growth specialty peers like Palomar Holdings, which commands a P/B multiple of 3.68.
The persistent discount to book value appears to reflect investor skepticism regarding the company's ability to generate consistent, high-return growth within its specialized equine and agricultural niches. This valuation gap warrants further investigation into whether the market is mispricing the stability of the firm's underwriting franchise or correctly identifying a lack of scalable opportunities.
As reported in recent quarterly filings, GBLI's combined ratio has demonstrated significant instability, swinging from a profitable 85.9% in 2025Q3 to a loss-making 104.7% in 2025Q1, indicating that underwriting discipline remains highly sensitive to claims frequency and potential catastrophe exposure.
The fluctuation in the combined ratio suggests that the company's specialized risk segments are prone to periodic volatility that can quickly erode underwriting margins. Investors should monitor whether management's recent strategic reduction in third-party reinsurance exposure will successfully dampen this volatility or if it will instead concentrate risk within the primary book.
According to the company's balance sheet disclosures, GBLI maintains a near-zero debt-to-equity ratio of 0.01%, providing a fortress-like capital position that effectively insulates the firm from credit market shocks while simultaneously limiting the potential for aggressive underwriting expansion.
This ultra-conservative leverage profile suggests a management preference for capital preservation over rapid growth, which may be appropriate given the inherent volatility of the firm's niche insurance lines. However, this lack of financial leverage may also explain the stagnant premium growth, as the company appears to be operating well within its regulatory capital capacity.
Analysis of historical loss ratios, which peaked at 95.9% in 2025Q1, suggests that the P/E ratio is a misleading metric for GBLI because it fails to account for the significant impact of prior-year reserve development on current earnings volatility.
Investors should prioritize the attritional loss ratio over headline P/E multiples, as the latter can be artificially inflated or deflated by accounting adjustments related to legacy claims. Relying on P/E without adjusting for reserve development may lead to an inaccurate assessment of the company's core underwriting profitability and long-term earnings power.
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying GBLI stock.
Global Indemnity Group, LLC's current P/E ratio is 14.3x. The historical average is 11.8x. This places it at the 71th percentile of its historical range.
Global Indemnity Group, LLC's current EV/EBITDA is 7.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
Global Indemnity Group, LLC's return on equity (ROE) is 3.6%. The historical average is 3.8%.
Based on historical data, Global Indemnity Group, LLC is trading at a P/E of 14.3x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Global Indemnity Group, LLC's current dividend yield is 5.61% with a payout ratio of 79.0%.
Global Indemnity Group, LLC has 49.3% gross margin and 7.4% operating margin.
Global Indemnity Group, LLC's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.