Latest Ratios: P/E Ratio 14.9x · EV/EBITDA 10.4x · ROE 13.5%. (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 | $523M | $473M | $448M | $307M | $280M | $375M | $290M | $302M | $335M | $376M | $303M |
| Enterprise Value | $510M | $460M | $430M | $289M | $252M | $343M | $280M | $280M | $316M | $356M | $275M |
| P/E Ratio → | 14.90 | 13.44 | 14.42 | 14.15 | 11.72 | 5.59 | 7.36 | 9.60 | 15.34 | 14.63 | 15.52 |
| P/S Ratio | 1.92 | 1.73 | 1.73 | 1.37 | 0.99 | 1.14 | 1.23 | 1.64 | 2.14 | 2.33 | 2.19 |
| P/B Ratio | 1.95 | 1.76 | 1.78 | 1.22 | 1.16 | 1.64 | 1.45 | 1.58 | 1.91 | 2.11 | 1.95 |
| P/FCF | 20.58 | 18.64 | 19.98 | — | 9.18 | 8.25 | 9.39 | 15.53 | 14.88 | 22.11 | 15.09 |
| P/OCF | 16.89 | 15.29 | 15.01 | 41.33 | 7.74 | 7.21 | 8.51 | 14.43 | 13.74 | 18.90 | 13.44 |
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 | — | 1.69 | 1.66 | 1.29 | 0.89 | 1.04 | 1.18 | 1.53 | 2.03 | 2.20 | 1.99 |
| EV / EBITDA | 10.41 | 9.40 | 9.77 | 9.53 | 7.47 | 3.92 | 5.39 | 6.66 | 10.80 | 10.91 | 9.27 |
| EV / EBIT | 11.44 | 10.33 | 10.89 | 11.03 | 8.36 | 4.04 | 5.64 | 7.04 | 11.69 | 11.76 | 9.78 |
| EV / FCF | — | 18.13 | 19.17 | — | 8.24 | 7.55 | 9.06 | 14.43 | 14.05 | 20.92 | 13.70 |
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 | 98.3% | 98.3% | 56.7% | 60.8% | 55.6% | 54.9% | 52.6% | 58.4% | 58.1% | 55.5% | 53.9% |
| Operating Margin | 16.3% | 16.3% | 15.3% | 11.7% | 10.6% | 25.8% | 21.0% | 21.7% | 17.3% | 18.7% | 20.3% |
| Net Profit Margin | 12.9% | 12.9% | 12.0% | 9.6% | 8.4% | 20.3% | 16.7% | 17.1% | 14.0% | 15.9% | 14.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.5% | 13.5% | 12.3% | 8.8% | 10.2% | 31.2% | 20.1% | 17.1% | 12.4% | 15.4% | 13.1% |
| ROA | 10.1% | 10.1% | 9.4% | 6.5% | 7.1% | 21.8% | 14.4% | 12.4% | 8.9% | 10.8% | 8.9% |
| ROIC | 13.7% | 13.7% | 12.7% | 8.8% | 11.0% | 32.9% | 20.7% | 18.3% | 12.9% | 15.9% | 17.0% |
| ROCE | 15.0% | 15.0% | 11.9% | 7.8% | 9.0% | 27.6% | 18.2% | 15.7% | 12.4% | 13.7% | — |
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 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | — | — | — |
| Debt / EBITDA | 0.16 | 0.16 | 0.14 | 0.21 | 0.20 | 0.06 | 0.07 | 0.11 | — | — | — |
| Net Debt / Equity | — | -0.05 | -0.07 | -0.07 | -0.12 | -0.14 | -0.05 | -0.11 | -0.11 | -0.11 | -0.18 |
| Net Debt / EBITDA | -0.26 | -0.26 | -0.42 | -0.58 | -0.85 | -0.36 | -0.19 | -0.51 | -0.64 | -0.62 | -0.94 |
| Debt / FCF | — | -0.50 | -0.82 | — | -0.93 | -0.70 | -0.33 | -1.10 | -0.83 | -1.19 | -1.39 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($21M) 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 | 2.93 | 2.93 | — | — | — | — | — | — | 5.53 | 2465.62 | 56.07 |
| Quick Ratio | 2.93 | 2.93 | — | — | — | — | — | — | 8.32 | 7.78 | 0.17 |
| Cash Ratio | 2.34 | 2.34 | — | — | — | — | — | — | 5.06 | 5.34 | 0.11 |
| Asset Turnover | — | 0.75 | 0.77 | 0.68 | 0.83 | 0.99 | 0.84 | 0.70 | 0.64 | 0.65 | 0.60 |
| 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 | 3.8% | 4.2% | 6.7% | 3.6% | 3.3% | 10.0% | 10.9% | 6.0% | 6.9% | 1.9% | 0.5% |
| Payout Ratio | 56.7% | 56.7% | 96.1% | 50.9% | 38.4% | 56.0% | 80.5% | 57.6% | 105.3% | 27.5% | 7.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.7% | 7.4% | 6.9% | 7.1% | 8.5% | 17.9% | 13.6% | 10.4% | 6.5% | 6.8% | 6.4% |
| FCF Yield | 4.9% | 5.4% | 5.0% | — | 10.9% | 12.1% | 10.6% | 6.4% | 6.7% | 4.5% | 6.6% |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 2.1% |
| Total Shareholder Yield | 3.8% | 4.2% | 6.9% | 3.9% | 3.3% | 10.0% | 10.9% | 6.0% | 6.9% | 1.9% | 2.5% |
| Shares Outstanding | — | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M |
Regional geographic concentration risk
Based on recent market data, ITIC trades at a P/B ratio of 1.94, which represents a significant premium to larger peers like FNF and FAF, suggesting that investors are assigning a scarcity value to its specialized North Carolina-centric business model despite the current cyclical headwinds.
The elevated P/B multiple relative to the peer group indicates that the market may be pricing in the durability of ITIC's 'Approved Attorney' moat rather than just its immediate earnings power. Investors should monitor whether this premium is sustainable if regional transaction volumes remain suppressed, as the valuation appears to bake in expectations for long-term regional economic outperformance.
As reported in quarterly financial statements, ITIC's combined ratio has shown significant variance, ranging from 79.3% in 2025Q3 to 92.8% in 2025Q1, which suggests that underwriting profitability is highly sensitive to periodic claims spikes and the inherent lumpiness of title insurance loss development patterns.
The fluctuation in the combined ratio appears to be driven more by actuarial reserve adjustments than by core operational inefficiency. Analysts should interpret the sub-90% combined ratios as evidence of strong underwriting discipline, provided that the loss ratio remains low, though the volatility warrants caution regarding the predictability of future underwriting margins.
According to the company's reported figures, ITIC maintains a near-zero D/E ratio of 0.03, which indicates an exceptionally conservative capital structure that prioritizes solvency over the use of financial leverage to amplify returns on equity during periods of market expansion.
This lack of leverage provides a significant buffer against the cyclical downturns typical of the title insurance industry, effectively insulating the company from liquidity crises. While this conservative stance protects the balance sheet, it may also explain the lower ROE relative to more aggressive peers who utilize debt to optimize their capital base.
As noted in financial analysis, the trailing P/E ratio is frequently misapplied to ITIC, as it fails to account for the significant distortions caused by realized investment gains and the non-recurring nature of title insurance premiums, which can lead to misleading conclusions about core earnings power.
Investors should instead focus on P/B and underwriting margins, as these metrics better reflect the underlying value of the float and the quality of the underwriting book. Relying on P/E in a cyclical trough or peak can obscure the true economic health of the firm, as earnings are often decoupled from the actual cash-generative capacity of the title business.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ITIC stock.
Investors Title Company's current P/E ratio is 14.9x. The historical average is 11.5x. This places it at the 86th percentile of its historical range.
Investors Title Company's current EV/EBITDA is 10.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.2x.
Investors Title Company's return on equity (ROE) is 13.5%. The historical average is 13.0%.
Based on historical data, Investors Title Company is trading at a P/E of 14.9x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Investors Title Company's current dividend yield is 3.80% with a payout ratio of 56.7%.
Investors Title Company has 98.3% gross margin and 16.3% operating margin. Operating margin between 10-20% is typical for established companies.
Investors Title Company's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.