Latest Ratios: P/E Ratio 6.7x · EV/EBITDA 5.2x · ROE 20.8%. (2011–2025 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 | $2.9B | $2.7B | $2.8B | $2.0B | $945M | $1.2B | $885M | $975M | $936M | $1.5B | $1.2B |
| Enterprise Value | $2.8B | $2.6B | $2.7B | $1.8B | $1.0B | $1.0B | $473M | $449M | $945M | $1.6B | $1.3B |
| P/E Ratio → | 6.71 | 6.00 | 15.76 | 6.27 | — | 30.11 | 6.22 | 4.87 | — | 5.55 | 44.42 |
| P/S Ratio | 0.90 | 0.83 | 1.06 | 0.73 | 0.44 | 0.55 | 1.00 | 1.00 | 2.48 | 1.66 | 1.72 |
| P/B Ratio | 1.21 | 1.08 | 1.43 | 0.78 | 0.45 | 0.49 | 0.57 | 0.69 | 0.21 | 0.87 | 0.84 |
| P/FCF | 28.11 | 26.00 | 37.18 | 3.38 | 3.23 | 762.98 | 12.06 | 6.91 | 69.89 | — | 255.56 |
| P/OCF | 28.11 | 26.00 | 37.18 | 3.38 | 3.22 | 762.98 | 12.06 | 6.91 | 69.89 | — | 255.56 |
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 | — | 0.82 | 1.05 | 0.66 | 0.47 | 0.47 | 0.54 | 0.46 | 2.50 | 1.78 | 1.87 |
| EV / EBITDA | 5.22 | 4.83 | 11.16 | 5.41 | — | 20.35 | 2.96 | 2.14 | — | 5.45 | 30.98 |
| EV / EBIT | 5.24 | 4.22 | 9.03 | 4.66 | — | 13.12 | 2.96 | 2.14 | — | 5.45 | 30.98 |
| EV / FCF | — | 25.59 | 36.61 | 3.07 | 3.48 | 648.55 | 6.45 | 3.18 | 70.62 | — | 277.27 |
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 | 52.6% | 52.6% | 27.9% | 31.4% | 5.6% | 22.9% | 26.2% | 28.6% | -73.4% | 38.3% | 11.6% |
| Operating Margin | 16.9% | 16.9% | 8.9% | 11.8% | -19.5% | 2.0% | 17.2% | 20.6% | -85.2% | 31.7% | 4.9% |
| Net Profit Margin | 14.3% | 14.3% | 7.6% | 13.1% | -17.8% | 2.6% | 16.3% | 20.5% | -84.2% | 30.0% | 3.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.8% | 20.8% | 8.9% | 15.4% | -16.9% | 2.9% | 9.7% | 6.8% | -10.2% | 17.3% | 1.9% |
| ROA | 3.7% | 3.7% | 1.6% | 3.0% | -3.6% | 0.8% | 4.1% | 6.1% | -8.2% | 6.5% | 0.7% |
| ROIC | 18.8% | 18.8% | 8.2% | 10.6% | -14.2% | 1.9% | 11.2% | 5.6% | -7.6% | 12.9% | 1.7% |
| ROCE | 7.8% | 7.8% | 2.4% | 3.4% | -6.8% | 1.6% | 4.4% | 6.2% | -9.4% | 7.7% | 1.0% |
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 | 0.28 | 0.28 | 0.33 | 0.31 | 0.37 | 0.33 | 0.07 | 0.08 | 0.03 | 0.06 | 0.08 |
| Debt / EBITDA | 1.27 | 1.27 | 2.61 | 2.38 | — | 16.01 | 0.71 | 0.54 | — | 0.38 | 2.66 |
| Net Debt / Equity | — | -0.02 | -0.02 | -0.07 | 0.03 | -0.07 | -0.26 | -0.37 | 0.00 | 0.06 | 0.07 |
| Net Debt / EBITDA | -0.08 | -0.08 | -0.18 | -0.55 | — | -3.59 | -2.57 | -2.51 | — | 0.35 | 2.43 |
| Debt / FCF | — | -0.42 | -0.57 | -0.31 | 0.25 | -114.44 | -5.61 | -3.72 | 0.73 | — | 21.72 |
| Interest Coverage | 7.79 | 7.79 | 4.35 | 5.97 | -9.95 | 2.33 | 19.52 | 25.55 | -38.07 | 36.71 | 5.19 |
Net cash position: cash ($731M) exceeds total debt ($689M)
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 | 1.59 | 1.59 | — | 156.32 | 1.08 | 1.97 | — | — | 9.24 | 0.01 | 0.14 |
| Quick Ratio | 1.59 | 1.59 | — | 2218.08 | 2.37 | 1.97 | — | — | 26.38 | 2.51 | 14.66 |
| Cash Ratio | 0.63 | 0.63 | 0.64 | 594.45 | 0.88 | 0.48 | — | — | 1.35 | 0.01 | 0.09 |
| Asset Turnover | — | 0.25 | 0.21 | 0.21 | 0.20 | 0.21 | 0.25 | 0.28 | 0.12 | 0.20 | 0.18 |
| 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% | 0.6% | 0.8% | 1.7% | 1.0% | 0.1% | 0.3% | 0.3% | 0.2% | 0.0% |
| Payout Ratio | — | — | 8.0% | — | — | — | 0.9% | 1.4% | — | 1.2% | 0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 14.9% | 16.7% | 6.3% | 15.9% | — | 3.3% | 16.1% | 20.5% | — | 18.0% | 2.3% |
| FCF Yield | 3.6% | 3.8% | 2.7% | 29.5% | 30.9% | 0.1% | 8.3% | 14.5% | 1.4% | — | 0.4% |
| Buyback Yield | 0.0% | 0.0% | 10.8% | 0.0% | 1.3% | 0.0% | 0.0% | 0.0% | 14.8% | 2.7% | 0.6% |
| Total Shareholder Yield | 0.5% | 0.6% | 11.4% | 0.8% | 3.0% | 1.0% | 0.2% | 0.3% | 15.2% | 2.9% | 0.6% |
| Shares Outstanding | — | $122M | $169M | $170M | $160M | $150M | $93M | $93M | $97M | $105M | $106M |
Casualty reserve development volatility
Based on reported figures, SiriusPoint trades at a P/B of 1.17, which suggests the market continues to apply a discount compared to peers like Arch Capital, likely reflecting ongoing skepticism regarding the sustainability of the company's post-merger portfolio remediation and its transition toward specialty underwriting.
The current valuation multiple appears to be a function of the market's historical association with the firm's legacy hedge-fund-reinsurance model. Investors should monitor whether the recent improvement in underwriting margins can drive a re-rating toward the higher multiples commanded by more established specialty reinsurers.
As reported in recent financial statements, SiriusPoint achieved a combined ratio of 84.3% in 2026Q1, a marked improvement from the 102.0% observed in 2024Q4, which suggests that the company's strategic pivot away from volatile property catastrophe lines is successfully yielding more predictable underwriting profitability.
The reduction in the loss ratio from 80.5% in 2024Q4 to 46.9% in 2026Q1 warrants further investigation into the extent of favorable prior-year reserve development. While the trend is positive, the sustainability of these margins depends on the company's ability to avoid adverse claims inflation in its remaining casualty exposures.
According to recent balance sheet disclosures, the company maintains a debt-to-equity ratio of 0.28, which appears to provide a substantial buffer against market volatility and supports the firm's ability to navigate the cyclical nature of the global reinsurance market without immediate reliance on external financing.
This low leverage profile suggests that management has significant capacity to deploy capital for growth or further MGA acquisitions. However, the aggressive share repurchase activity observed in 2026Q1 may indicate that management views internal capital as sufficient, potentially limiting the need for additional underwriting leverage in the near term.
Investors frequently misapply headline ROE as a primary performance metric for SiriusPoint, which obscures the volatility introduced by reserve releases and the non-underwriting gains from equity-method investments in MGAs, warranting a shift toward analyzing the ex-cat accident year combined ratio for a clearer view of performance.
Relying on ROE without adjusting for reserve development can lead to an overestimation of core underwriting quality. Analysts should instead focus on the underlying loss ratio trends to distinguish between genuine operational improvement and the accounting noise inherent in the company's complex, multi-segment business structure.
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Quick answers to the most common questions about buying SPNT stock.
SiriusPoint Ltd.'s current P/E ratio is 6.7x. The historical average is 15.7x. This places it at the 50th percentile of its historical range.
SiriusPoint Ltd.'s current EV/EBITDA is 5.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.6x.
SiriusPoint Ltd.'s return on equity (ROE) is 20.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 5.7%.
Based on historical data, SiriusPoint Ltd. is trading at a P/E of 6.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SiriusPoint Ltd.'s current dividend yield is 0.54%.
SiriusPoint Ltd. has 52.6% gross margin and 16.9% operating margin. Operating margin between 10-20% is typical for established companies.
SiriusPoint Ltd.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.