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OXBROxbridge Re Holdings Limited
$1.47$12M
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  4. Financial Ratios

Oxbridge Re Holdings Limited (OXBR) Financial Ratios

Latest Ratios: P/E Ratio -5.3x · EV/EBITDA N/A · ROE -65.4%. (2013–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

OXBR Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$12M$10M$25M$6M$7M$32M$11M$4M$4M$12M$36M
Enterprise Value$5M$3M$23M$6M$6M$29M$6M$-957478$-4461840$5M$24M
P/E Ratio →-5.25————3.77122.22———13.95
P/S Ratio4.623.7946.02—8.153.158.834.350.950.521.90
P/B Ratio1.671.506.111.210.461.941.340.530.430.900.97
P/FCF——————————89.23
P/OCF——————————86.87

P/E links to full P/E history page with 30-year chart

OXBR EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—1.1442.60—7.042.844.61-0.98-1.170.201.25
EV / EBITDA—————3.3557.12———9.18
EV / EBIT—————3.3663.61———9.26
EV / FCF——————————59.00

OXBR Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin-16.2%-16.2%53.5%100.0%-39.2%97.4%91.9%93.5%-170.1%-80.8%21.0%
Operating Margin-134.4%-134.4%-297.6%131.0%-205.4%84.7%7.2%-15.3%-203.8%-86.4%13.5%
Net Profit Margin-134.5%-134.5%-323.1%140.7%-205.4%84.7%7.2%-15.3%-203.8%-86.4%13.5%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE-65.4%-65.4%-37.4%-97.6%-11.0%70.2%1.1%-1.8%-69.7%-80.6%7.0%
ROA-44.7%-44.7%-22.4%-79.7%-10.2%64.7%0.9%-1.4%-45.6%-56.9%5.0%
ROIC-270.7%-270.7%-33.8%-72.9%-9.5%79.3%2.3%-7.4%-181.8%-99.4%7.3%
ROCE-54.4%-54.4%-20.7%-74.2%-10.2%64.7%0.9%-1.4%-46.0%-57.1%5.0%

OXBR Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.020.020.060.020.020.020.050.09———
Debt / EBITDA—————0.044.47————
Net Debt / Equity—-1.05-0.45-0.07-0.06-0.19-0.64-0.65-0.97-0.56-0.33
Net Debt / EBITDA—————-0.37-52.29———-4.70
Debt / FCF——————————-30.23
Interest Coverage———————————

Net cash position: cash ($7M) exceeds total debt ($161000)

OXBR Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio4.994.99——————65.34109.4380.04
Quick Ratio4.994.99——————146.73337.70343.56
Cash Ratio4.994.99——————65.23134.26113.89
Asset Turnover—0.320.07-0.850.050.580.130.100.301.110.37
Inventory Turnover———————————
Days Sales Outstanding———————————

OXBR Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield—————0.0%——1.0%16.8%8.0%
Payout Ratio—————0.0%————111.8%

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield—————26.5%0.8%———7.2%
FCF Yield——————————1.1%
Buyback Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%8.5%2.1%
Total Shareholder Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%1.0%25.3%10.0%
Shares Outstanding—$7M$6M$6M$6M$6M$6M$6M$6M$6M$6M

Key Metrics

Growth RegimeMixed
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Florida Catastrophe Concentration

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Speculative Valuation Amidst Persistent Losses

As reported in financial statements, Oxbridge Re trades at a P/B of 1.14, a multiple that appears disconnected from the company's negative ROE and lack of consistent underwriting profitability, suggesting investors are pricing in speculative upside from digital initiatives rather than fundamental insurance book value.

The current P/B ratio implies a premium to book value that is difficult to justify given the erosion of equity observed over the last ten quarters. Investors should monitor whether this valuation reflects a genuine belief in the company's pivot to Web3 or if it is merely a byproduct of the firm's micro-cap status and low float.

Volatile Combined Ratios Signal Instability

Based on recent quarterly data, the combined ratio has shown extreme volatility, peaking at 180.7% in 2025Q4, which indicates that the company's core underwriting activities are frequently failing to cover both loss costs and administrative expenses in the competitive Florida reinsurance market.

The inability to maintain a combined ratio consistently below 100% suggests that the firm's niche focus on high-attachment-point catastrophe risk has not yet yielded a sustainable underwriting profit. This trend warrants further investigation into whether the current pricing environment is sufficient to offset the inherent volatility of the Gulf Coast region.

Capital Base Constrained by Underwriting Exposure

According to historical financial disclosures, the company maintains a low debt-to-equity ratio of 0.02%, yet the premium-to-surplus leverage remains precarious due to the significant erosion of the equity base, which fell to $6.5 million by 2026Q1, limiting the firm's capacity to absorb major catastrophe losses.

While the lack of financial debt is a positive, the company's underwriting leverage is effectively constrained by its small capital pool. This suggests that any significant increase in premiums written could rapidly exhaust the available surplus, leaving the firm vulnerable to liquidity shocks during peak hurricane seasons.

Misapplication of P/B in Micro-Cap Reinsurance

As noted in industry analysis, the P/B ratio is frequently misapplied to Oxbridge Re because it ignores the high volatility of the company's loss reserves and the potential for rapid capital depletion, which renders traditional book value metrics less reliable for assessing long-term solvency or franchise value.

Investors should instead focus on the 'liquidity-to-reserve' ratio or the 'catastrophe-adjusted' book value, as these metrics better account for the firm's exposure to regional events. Relying solely on P/B obscures the reality that the company's book value is highly sensitive to sudden, non-linear claims events that are not captured in static valuation multiples.

Download Financial Ratios Data

Includes 30+ ratios · 13 years · Updated daily

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OXBR — Frequently Asked Questions

Quick answers to the most common questions about buying OXBR stock.

What is Oxbridge Re Holdings Limited's P/E ratio?

Oxbridge Re Holdings Limited's current P/E ratio is -5.3x. The historical average is 30.9x.

What is Oxbridge Re Holdings Limited's ROE?

Oxbridge Re Holdings Limited's return on equity (ROE) is -65.4%. The historical average is -18.7%.

Is OXBR stock overvalued?

Based on historical data, Oxbridge Re Holdings Limited is trading at a P/E of -5.3x. Compare with industry peers and growth rates for a complete picture.

What are Oxbridge Re Holdings Limited's profit margins?

Oxbridge Re Holdings Limited has -16.2% gross margin and -134.4% operating margin.