Latest Ratios: P/E Ratio 13.1x · EV/EBITDA 10.9x · ROE 13.9%. (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 | $5.9B | $5.1B | $5.7B | $6.1B | $5.4B | $5.0B | $4.0B | $3.9B | $3.6B | $3.5B | $2.5B |
| Enterprise Value | $6.8B | $6.0B | $6.2B | $6.6B | $5.9B | $5.5B | $4.6B | $4.5B | $4.1B | $3.9B | $3.0B |
| P/E Ratio → | 13.10 | 11.19 | 28.95 | 17.03 | 25.03 | 12.61 | 16.38 | 14.39 | 20.31 | 20.67 | 15.94 |
| P/S Ratio | 1.10 | 0.96 | 1.18 | 1.43 | 1.52 | 1.47 | 1.38 | 1.37 | 1.41 | 1.41 | 1.11 |
| P/B Ratio | 1.66 | 1.42 | 1.84 | 2.05 | 2.13 | 1.67 | 1.47 | 1.78 | 2.03 | 2.03 | 1.65 |
| P/FCF | 4.77 | 4.14 | 5.36 | 8.24 | 6.95 | 6.63 | 7.59 | 8.76 | 8.29 | 9.53 | 8.12 |
| P/OCF | 4.63 | 4.02 | 5.21 | 7.99 | 6.72 | 6.44 | 7.29 | 8.19 | 8.00 | 9.18 | 7.68 |
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 | — | 1.13 | 1.28 | 1.55 | 1.66 | 1.62 | 1.57 | 1.57 | 1.58 | 1.59 | 1.30 |
| EV / EBITDA | 10.90 | 9.66 | 21.31 | 13.45 | 18.29 | 9.77 | 12.66 | 11.39 | 15.89 | 12.49 | 10.54 |
| EV / EBIT | 11.51 | 9.41 | 21.75 | 13.49 | 19.09 | 10.25 | 13.75 | 12.06 | 17.27 | 13.70 | 12.22 |
| EV / FCF | — | 4.87 | 5.84 | 8.93 | 7.60 | 7.31 | 8.63 | 9.99 | 9.29 | 10.73 | 9.53 |
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 | 40.9% | 40.9% | 6.6% | 12.2% | 9.6% | 16.7% | 12.3% | 14.1% | 10.1% | 13.1% | 12.2% |
| Operating Margin | 11.0% | 11.0% | 5.3% | 10.8% | 7.9% | 15.0% | 10.4% | 11.8% | 8.2% | 10.6% | 9.6% |
| Net Profit Margin | 8.7% | 8.7% | 4.3% | 8.6% | 6.3% | 12.0% | 8.4% | 9.5% | 6.9% | 6.8% | 6.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 13.9% | 6.8% | 13.3% | 8.2% | 14.1% | 10.0% | 13.6% | 10.2% | 10.4% | 10.8% |
| ROA | 3.3% | 3.3% | 1.6% | 3.2% | 2.1% | 4.0% | 2.7% | 3.2% | 2.3% | 2.2% | 2.2% |
| ROIC | 10.9% | 10.9% | 5.5% | 10.6% | 6.4% | 11.2% | 7.5% | 10.1% | 7.2% | 9.5% | 8.9% |
| ROCE | 4.1% | 4.1% | 2.0% | 4.1% | 2.6% | 5.0% | 3.3% | 4.0% | 2.8% | 3.5% | 3.2% |
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 | 0.25 | 0.25 | 0.16 | 0.17 | 0.20 | 0.17 | 0.20 | 0.25 | 0.25 | 0.26 | 0.29 |
| Debt / EBITDA | 1.44 | 1.44 | 1.73 | 1.04 | 1.56 | 0.90 | 1.52 | 1.41 | 1.71 | 1.40 | 1.56 |
| Net Debt / Equity | — | 0.25 | 0.16 | 0.17 | 0.20 | 0.17 | 0.20 | 0.25 | 0.25 | 0.26 | 0.29 |
| Net Debt / EBITDA | 1.44 | 1.44 | 1.73 | 1.04 | 1.56 | 0.90 | 1.52 | 1.41 | 1.71 | 1.40 | 1.56 |
| Debt / FCF | — | 0.73 | 0.48 | 0.69 | 0.65 | 0.67 | 1.03 | 1.23 | 1.00 | 1.20 | 1.41 |
| Interest Coverage | 12.95 | 12.95 | 9.94 | 16.92 | 10.71 | 18.33 | 10.82 | 10.99 | 9.67 | 11.76 | 10.66 |
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 | 650.38 | 650.38 | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 |
| Quick Ratio | 650.38 | 650.38 | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 |
| Cash Ratio | 73.63 | 73.63 | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 |
| Asset Turnover | — | 0.35 | 0.36 | 0.36 | 0.33 | 0.32 | 0.30 | 0.32 | 0.33 | 0.32 | 0.31 |
| 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 | 1.6% | 1.8% | 1.5% | 1.2% | 1.2% | 1.2% | 1.3% | 1.2% | 1.2% | 1.1% | 1.3% |
| Payout Ratio | 19.9% | 19.9% | 41.0% | 20.2% | 29.8% | 14.9% | 22.1% | 17.6% | 23.5% | 21.9% | 21.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.6% | 8.9% | 3.5% | 5.9% | 4.0% | 7.9% | 6.1% | 6.9% | 4.9% | 4.8% | 6.3% |
| FCF Yield | 21.0% | 24.1% | 18.6% | 12.1% | 14.4% | 15.1% | 13.2% | 11.4% | 12.1% | 10.5% | 12.3% |
| Buyback Yield | 1.6% | 1.8% | 0.3% | 0.1% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| Total Shareholder Yield | 3.1% | 3.6% | 1.8% | 1.3% | 1.6% | 1.4% | 1.5% | 1.4% | 1.3% | 1.2% | 1.5% |
| Shares Outstanding | — | $61M | $61M | $61M | $61M | $61M | $60M | $60M | $60M | $59M | $59M |
Social inflation and reserve volatility
According to current market data, SIGI trades at a P/B ratio of 1.63, which suggests investors are pricing in a premium for the company's consistent underwriting discipline relative to lower-tier regional peers, despite the deceleration in top-line growth observed in recent quarterly financial filings.
The 1.63x P/B multiple indicates that the market assigns value to the company's field-based underwriting model, viewing it as a superior risk-selection engine. However, this valuation warrants caution as it assumes sustained underwriting profitability that may be challenged by the current inflationary environment and potential reserve development.
As reported in recent financial statements, SIGI maintained a combined ratio of 89.9% in 2026Q1, demonstrating a strong ability to generate underwriting profit despite the significant 106.7% spike observed in 2024Q2, which serves as a reminder of the inherent volatility in the P&C insurance business model.
The consistent sub-100% combined ratio suggests that the company's decentralized underwriting approach is effectively managing loss costs. Investors should monitor whether the recent shift toward E&S lines will maintain this profitability or introduce new, unforeseen volatility into the loss ratio trajectory.
Based on the provided financial data, the reported debt-to-equity ratio of 0.25% appears unusually low for a P&C insurer, suggesting that the company's true underwriting leverage may be obscured by specific accounting conventions or a potential misunderstanding of the consolidated group's total debt obligations.
While the low leverage ratio might imply a fortress balance sheet, the discrepancy between this figure and industry norms warrants further investigation. Analysts should verify if this ratio accounts for all senior and subordinated debt to ensure the company's capital adequacy is not being overstated.
As indicated by historical performance data, the most commonly misapplied metric for SIGI is the headline ROE, which often fails to account for the impact of prior-year reserve development and the volatility of catastrophe losses that can artificially inflate or deflate the company's true operational performance.
Investors should instead focus on the attritional combined ratio, which strips out the noise of CAT losses and reserve adjustments to reveal the underlying health of the insurance business. Relying solely on ROE may lead to an inaccurate assessment of management's ability to generate sustainable, long-term value.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SIGI stock.
Selective Insurance Group, Inc.'s current P/E ratio is 13.1x. The historical average is 17.3x. This places it at the 40th percentile of its historical range.
Selective Insurance Group, Inc.'s current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
Selective Insurance Group, Inc.'s return on equity (ROE) is 13.9%. The historical average is 9.8%.
Based on historical data, Selective Insurance Group, Inc. is trading at a P/E of 13.1x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Selective Insurance Group, Inc.'s current dividend yield is 1.55% with a payout ratio of 19.9%.
Selective Insurance Group, Inc. has 40.9% gross margin and 11.0% operating margin. Operating margin between 10-20% is typical for established companies.
Selective Insurance Group, Inc.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.