Latest Ratios: P/E Ratio 7.0x · EV/EBITDA 5.3x · ROE 43.0%. (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 | $291M | $238M | $189M | $23M | $14M | $53M | $71M | $83M | $190M | $199M | $107M |
| Enterprise Value | $284M | $230M | $171M | $39M | $28M | $58M | $82M | $81M | $198M | $180M | $95M |
| P/E Ratio → | 6.99 | 5.84 | 10.26 | — | — | — | 73.40 | — | 61.00 | 20.00 | 12.06 |
| P/S Ratio | 1.46 | 1.19 | 1.22 | 0.16 | 0.11 | 0.33 | 0.54 | 0.58 | 1.67 | 2.14 | 1.39 |
| P/B Ratio | 2.32 | 1.94 | 2.83 | 0.66 | 0.40 | 0.70 | 0.77 | 0.95 | 2.14 | 2.10 | 1.89 |
| P/FCF | 3.99 | 3.26 | 3.39 | — | — | 2.67 | — | 3.22 | 9.69 | 7.89 | 7.34 |
| P/OCF | 3.84 | 3.14 | 3.26 | — | — | 2.17 | — | 2.80 | 8.50 | 7.09 | 7.06 |
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 | — | 1.16 | 1.10 | 0.27 | 0.21 | 0.36 | 0.62 | 0.56 | 1.74 | 1.94 | 1.23 |
| EV / EBITDA | 5.29 | 4.30 | 6.65 | — | — | — | 51.72 | — | 41.25 | 11.39 | 6.55 |
| EV / EBIT | 5.56 | 4.47 | 6.39 | — | — | — | 151.46 | — | 40.95 | 12.50 | 7.10 |
| EV / FCF | — | 3.15 | 3.08 | — | — | 2.95 | — | 3.11 | 10.11 | 7.12 | 6.52 |
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 | 57.7% | 57.7% | 37.8% | 19.4% | 5.5% | 16.2% | 25.2% | 17.1% | 26.5% | 40.3% | 40.4% |
| Operating Margin | 25.6% | 25.6% | 15.0% | -5.1% | -21.5% | -5.8% | -1.0% | -5.4% | 2.6% | 15.5% | 17.3% |
| Net Profit Margin | 20.5% | 20.5% | 11.8% | -4.3% | -17.3% | -4.6% | 0.7% | -4.1% | 2.7% | 10.8% | 11.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 43.0% | 43.0% | 36.3% | -17.5% | -40.3% | -8.8% | 1.1% | -6.7% | 3.4% | 13.2% | 17.5% |
| ROA | 9.8% | 9.8% | 5.3% | -1.9% | -6.9% | -2.3% | 0.3% | -2.0% | 1.2% | 4.7% | 5.6% |
| ROIC | 46.6% | 46.6% | 34.9% | -11.0% | -32.1% | -7.7% | -1.0% | -6.4% | 2.6% | 18.0% | 26.4% |
| ROCE | 20.3% | 20.3% | 10.9% | -4.0% | -8.9% | -3.0% | -0.4% | -2.8% | 1.2% | 7.4% | 9.3% |
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 | 0.04 | 0.04 | 0.17 | 0.73 | 0.70 | 0.39 | 0.32 | 0.33 | 0.33 | 0.31 | — |
| Debt / EBITDA | 0.08 | 0.08 | 0.43 | — | — | — | 18.80 | — | 6.11 | 1.85 | — |
| Net Debt / Equity | — | -0.06 | -0.26 | 0.47 | 0.36 | 0.07 | 0.11 | -0.03 | 0.09 | -0.20 | -0.21 |
| Net Debt / EBITDA | -0.14 | -0.14 | -0.68 | — | — | — | 6.46 | — | 1.70 | -1.22 | -0.83 |
| Debt / FCF | — | -0.11 | -0.31 | — | — | 0.28 | — | -0.11 | 0.42 | -0.76 | -0.82 |
| Interest Coverage | 115.65 | 115.65 | 7.63 | -0.84 | -12.84 | -4.15 | 0.29 | -3.26 | 2.65 | 238.17 | — |
Net cash position: cash ($12M) exceeds total debt ($4M)
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 | 1.22 | 1.22 | 2.73 | 0.97 | 18.91 | 18.13 | 33.57 | 11.71 | 13.11 | 11.26 | 9.63 |
| Quick Ratio | 1.22 | 1.22 | 2.73 | 0.97 | 18.91 | 18.13 | 33.57 | 11.71 | 13.11 | 11.26 | 9.63 |
| Cash Ratio | 0.96 | 0.96 | 2.73 | 0.62 | 12.76 | 14.07 | 25.36 | 9.25 | 10.81 | 9.09 | 6.75 |
| Asset Turnover | — | 0.44 | 0.41 | 0.45 | 0.41 | 0.49 | 0.41 | 0.45 | 0.43 | 0.36 | 0.46 |
| 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 | 0.5% | 0.6% | — | — | 8.9% | 3.2% | 2.7% | 4.2% | 2.3% | 1.6% | 1.8% |
| Payout Ratio | 3.5% | 3.5% | — | — | — | — | 201.3% | — | 138.3% | 32.2% | 21.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 14.3% | 17.1% | 9.7% | — | — | — | 1.4% | — | 1.6% | 5.0% | 8.3% |
| FCF Yield | 25.1% | 30.7% | 29.5% | — | — | 37.5% | — | 31.0% | 10.3% | 12.7% | 13.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 3.2% | 1.7% | 0.0% | 0.3% | 0.1% | 0.1% |
| Total Shareholder Yield | 0.5% | 0.6% | 0.0% | 0.1% | 8.9% | 6.4% | 4.4% | 4.2% | 2.5% | 1.7% | 1.9% |
| Shares Outstanding | — | $14M | $12M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $8M |
New York geographic concentration
Based on current market data, KINS trades at a P/B of 2.10, which appears to incorporate a significant discount relative to regional peers, likely reflecting investor apprehension regarding the company's extreme geographic concentration within the New York homeowners insurance market and its historical underwriting volatility.
The current valuation multiple suggests that the market remains skeptical of the company's ability to sustain underwriting profitability over a full catastrophe cycle. While the low PEG ratio of 0.06 implies potential growth-adjusted value, investors should monitor whether this reflects genuine franchise quality or merely a recovery from previous periods of depressed book value.
As reported in recent financial statements, the combined ratio reached 112.4% in 2026Q1, indicating that underwriting losses are periodically outpacing premium gains and forcing a reliance on investment income to offset the core business's inability to consistently generate an underwriting profit in the current environment.
The wide swings in the combined ratio, ranging from 54.7% to 112.4% over the last ten quarters, suggest that the company's underwriting results are highly sensitive to weather-related events. This volatility warrants further investigation into the efficacy of the company's reinsurance tower and its ability to maintain stable loss ratios during periods of elevated catastrophe activity.
According to recent SEC filings, the company maintains an exceptionally low debt-to-equity ratio of 0.04%, which suggests a highly conservative capital structure that prioritizes solvency over financial leverage, likely as a defensive measure against the high-risk profile of its localized New York insurance operations.
While the low leverage provides a necessary buffer against underwriting shocks, it may also indicate that the company is capital-constrained in its ability to pursue aggressive growth. Investors should monitor whether this conservative stance is a strategic choice to manage risk or a necessity imposed by the volatility of the core New York book.
Based on the provided data, the return on equity (ROE) is frequently distorted by non-recurring reserve releases, as evidenced by the 12.8% ROE reported in 2025Q4, which obscures the underlying underwriting performance and creates a potentially misleading picture of the company's core profitability for the fiscal year.
Analysts often misapply ROE as a primary performance metric for insurers without adjusting for prior-year reserve development. A more accurate assessment of Kingstone's profitability would require normalizing earnings by smoothing out these reserve adjustments and catastrophe-related losses to reveal the true, sustainable underwriting margin.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying KINS stock.
Kingstone Companies, Inc.'s current P/E ratio is 7.0x. The historical average is 18.2x. This places it at the 22th percentile of its historical range.
Kingstone Companies, Inc.'s current EV/EBITDA is 5.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
Kingstone Companies, Inc.'s return on equity (ROE) is 43.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.0%.
Based on historical data, Kingstone Companies, Inc. is trading at a P/E of 7.0x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kingstone Companies, Inc.'s current dividend yield is 0.50% with a payout ratio of 3.5%.
Kingstone Companies, Inc. has 57.7% gross margin and 25.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Kingstone Companies, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.