Latest Ratios: P/E Ratio 16.7x · EV/EBITDA 11.0x · ROE 7.5%. (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 | $2.1B | $2.0B | $1.9B | $1.6B | $1.2B | $2.2B | $1.2B | $969M | $981M | $998M | $1.1B |
| Enterprise Value | $2.5B | $2.5B | $2.2B | $2.0B | $1.5B | $2.3B | $993M | $863M | $897M | $957M | $1.0B |
| P/E Ratio → | 16.73 | 17.39 | 25.86 | 52.93 | 7.19 | 6.70 | 7.77 | 12.32 | 20.60 | 20.53 | 24.91 |
| P/S Ratio | 0.70 | 0.70 | 0.76 | 0.72 | 0.38 | 0.66 | 0.53 | 0.50 | 0.51 | 0.51 | 0.54 |
| P/B Ratio | 1.19 | 1.24 | 1.35 | 1.17 | 0.85 | 1.67 | 1.19 | 1.29 | 1.44 | 1.47 | 1.67 |
| P/FCF | 15.54 | 15.42 | 19.95 | 35.73 | 8.12 | 6.18 | 4.62 | 6.49 | 13.34 | 10.89 | 10.32 |
| P/OCF | 10.00 | 9.92 | 14.00 | 19.47 | 6.09 | 5.55 | 4.37 | 5.82 | 11.65 | 9.24 | 8.80 |
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 | — | 0.85 | 0.90 | 0.87 | 0.49 | 0.70 | 0.43 | 0.44 | 0.47 | 0.49 | 0.50 |
| EV / EBITDA | 11.05 | 10.98 | 12.77 | 15.93 | 5.23 | 4.92 | 4.18 | 6.18 | 9.20 | 9.48 | 8.49 |
| EV / EBIT | 15.12 | 13.79 | 16.74 | 24.37 | 6.04 | 5.27 | 4.49 | 7.11 | 11.73 | 12.19 | 11.01 |
| EV / FCF | — | 18.80 | 23.62 | 43.41 | 10.53 | 6.60 | 3.81 | 5.78 | 12.20 | 10.44 | 9.57 |
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 | 87.7% | 87.7% | 96.8% | 96.4% | 96.7% | 96.2% | 95.0% | 95.6% | 96.3% | 95.1% | 95.5% |
| Operating Margin | 5.7% | 5.7% | 4.6% | 2.7% | 7.6% | 13.1% | 9.5% | 6.0% | 3.8% | 3.8% | 4.4% |
| Net Profit Margin | 4.0% | 4.0% | 2.9% | 1.3% | 5.3% | 9.8% | 6.8% | 4.1% | 2.5% | 2.5% | 2.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.5% | 7.5% | 5.3% | 2.2% | 12.2% | 28.0% | 17.5% | 11.0% | 7.0% | 7.3% | 8.6% |
| ROA | 3.9% | 3.9% | 2.7% | 1.1% | 5.8% | 13.5% | 8.7% | 5.3% | 3.4% | 3.5% | 4.2% |
| ROIC | 6.4% | 6.4% | 4.9% | 2.7% | 11.0% | 29.0% | 22.6% | 14.1% | 8.8% | 9.3% | 11.7% |
| ROCE | 7.1% | 7.1% | 5.3% | 2.2% | 10.6% | 24.1% | 12.2% | 7.9% | 9.3% | 9.8% | 11.9% |
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 | 0.47 | 0.47 | 0.40 | 0.42 | 0.43 | 0.49 | 0.22 | 0.30 | 0.16 | 0.16 | 0.16 |
| Debt / EBITDA | 3.39 | 3.39 | 3.21 | 4.71 | 2.05 | 1.35 | 0.93 | 1.61 | 1.11 | 1.08 | 0.90 |
| Net Debt / Equity | — | 0.27 | 0.25 | 0.25 | 0.25 | 0.11 | -0.21 | -0.14 | -0.12 | -0.06 | -0.12 |
| Net Debt / EBITDA | 1.97 | 1.97 | 1.98 | 2.82 | 1.20 | 0.31 | -0.89 | -0.76 | -0.86 | -0.40 | -0.67 |
| Debt / FCF | — | 3.38 | 3.66 | 7.68 | 2.41 | 0.42 | -0.81 | -0.71 | -1.14 | -0.44 | -0.75 |
| Interest Coverage | 8.82 | 8.82 | 6.74 | 4.08 | 13.64 | 87.26 | 84.27 | 27.94 | 19.72 | 22.71 | 29.75 |
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 | 0.72 | 0.72 | 0.74 | — | 0.68 | 1.04 | — | — | 1.34 | 1.38 | 1.38 |
| Quick Ratio | 0.72 | 0.72 | 0.74 | — | 0.68 | 1.04 | — | — | 1.34 | 2.51 | 2.44 |
| Cash Ratio | 0.48 | 0.48 | 0.48 | — | 0.47 | 0.84 | — | — | 0.36 | 1.42 | 1.41 |
| Asset Turnover | — | 0.90 | 0.91 | 0.84 | 1.12 | 1.18 | 1.16 | 1.22 | 1.39 | 1.39 | 1.50 |
| 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 | 3.0% | 2.9% | 2.8% | 3.1% | 3.8% | 1.7% | 2.5% | 2.9% | 2.9% | 2.8% | 2.6% |
| Payout Ratio | 50.6% | 50.6% | 73.5% | 166.0% | 27.5% | 11.3% | 19.5% | 36.1% | 59.5% | 57.8% | 50.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.0% | 5.8% | 3.9% | 1.9% | 13.9% | 14.9% | 12.9% | 8.1% | 4.9% | 4.9% | 4.0% |
| FCF Yield | 6.4% | 6.5% | 5.0% | 2.8% | 12.3% | 16.2% | 21.6% | 15.4% | 7.5% | 9.2% | 9.7% |
| Buyback Yield | 0.2% | 0.2% | 0.2% | 0.1% | 0.3% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 3.2% | 3.1% | 3.0% | 3.2% | 4.1% | 1.8% | 2.6% | 3.0% | 3.0% | 2.9% | 2.7% |
| Shares Outstanding | — | $29M | $28M | $28M | $27M | $27M | $25M | $24M | $24M | $24M | $23M |
Cyclical Mortgage Volume Sensitivity
As reported in recent financial filings, Stewart trades at a P/B of 1.18, which represents a notable discount to peers like FNF and FAF, suggesting that investors are pricing in the company's higher sensitivity to mortgage volume volatility and its historically lower operating margin profile.
The current valuation multiple appears to reflect market skepticism regarding the company's ability to maintain underwriting profitability during periods of suppressed real estate activity. While the forward P/E of 11.09 suggests potential for earnings recovery, the persistent discount to the peer group warrants further investigation into whether this is a permanent valuation ceiling due to Stewart's reliance on the independent agency channel.
Based on the provided quarterly data, the combined ratio reached 96.0% in 2026Q1, a significant deterioration from the 92.3% observed in 2025Q3, indicating that underwriting profitability is increasingly vulnerable to shifts in loss development and the high expense burden inherent in the title insurance business model.
The sharp increase in the loss ratio from low single digits in 2025 to 37.7% in 2026Q1 suggests that previous periods of apparent underwriting excellence may have been bolstered by favorable reserve releases. This trend implies that the company's core underwriting profitability is less stable than historical averages might suggest, necessitating a cautious outlook on future margin sustainability.
According to financial statements, Stewart’s expense ratio has remained elevated, peaking at 96.1% in 2025Q1 and settling at 58.3% in 2026Q1, which highlights the structural difficulty of scaling a business model heavily reliant on commission-sharing agreements with independent agents during cyclical downturns.
The high expense ratio relative to the combined ratio suggests that Stewart lacks the operating leverage of larger, more vertically integrated peers. Investors should monitor whether recent investments in digital notarization and ancillary services can effectively lower this expense burden or if these initiatives will continue to pressure margins in the near term.
As indicated by the company's financial performance, the P/E ratio is frequently misapplied to Stewart, as it obscures the significant volatility in earnings caused by reserve development and the cyclical nature of mortgage originations, which can lead to misleading conclusions about the company's true earnings power.
Analysts should prioritize the combined ratio and book value growth over P/E multiples, as the latter fails to account for the underlying actuarial health of the title insurance reserves. Relying on P/E in this context may lead to an overestimation of value during cyclical peaks when reserve releases artificially inflate net income, masking the underlying underwriting performance.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying STC stock.
Stewart Information Services Corporation's current P/E ratio is 16.7x. The historical average is 18.0x. This places it at the 63th percentile of its historical range.
Stewart Information Services Corporation's current EV/EBITDA is 11.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.2x.
Stewart Information Services Corporation's return on equity (ROE) is 7.5%. The historical average is 7.2%.
Based on historical data, Stewart Information Services Corporation is trading at a P/E of 16.7x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Stewart Information Services Corporation's current dividend yield is 2.98% with a payout ratio of 50.6%.
Stewart Information Services Corporation has 87.7% gross margin and 5.7% operating margin.
Stewart Information Services Corporation's Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.