Latest Ratios: P/E Ratio 23.4x · EV/EBITDA N/A · ROE 5.0%. (2007–2025 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 | $673M | $686M | $791M | $713M | $492M | $466M | $170M | $281M | $194M | $222M | $195M |
| Enterprise Value | $723M | $736M | $1.1B | $687M | $251M | $713M | $397M | $517M | $462M | $457M | $925M |
| P/E Ratio → | 23.39 | 24.04 | 16.05 | 57.45 | — | 12.24 | — | 16.28 | 8.10 | 54.09 | 7.88 |
| P/S Ratio | 1380.03 | 1406.18 | 0.39 | 0.43 | 0.35 | 0.39 | 0.21 | 0.37 | 0.31 | 0.38 | 0.39 |
| P/B Ratio | 0.89 | 0.91 | 1.20 | 1.24 | 0.92 | 1.16 | 0.46 | 0.68 | 0.49 | 0.56 | 0.50 |
| P/FCF | 4.00 | 4.08 | 3.34 | 12.42 | 1.09 | 2.31 | 1.27 | 18.49 | 3.60 | 5.04 | 6.63 |
| P/OCF | 4.00 | 4.08 | 3.29 | 9.98 | 1.06 | 2.28 | 1.21 | 11.86 | 3.36 | 4.73 | 5.33 |
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 | — | 1508.55 | 0.56 | 0.42 | 0.18 | 0.59 | 0.49 | 0.68 | 0.74 | 0.79 | 1.83 |
| EV / EBITDA | — | — | 6.70 | 6.45 | 3.26 | 7.94 | — | 12.11 | — | 28.23 | 17.93 |
| EV / EBIT | — | — | 6.31 | 6.21 | 2.98 | 6.92 | — | 9.20 | 64.04 | 20.57 | 13.19 |
| EV / FCF | — | 4.38 | 4.84 | 11.97 | 0.56 | 3.54 | 2.98 | 33.98 | 8.56 | 10.39 | 31.39 |
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 | -6835.2% | -6835.2% | 58.8% | 63.5% | 67.6% | 72.8% | 70.8% | 77.7% | 75.7% | 100.0% | 100.0% |
| Operating Margin | -7973.6% | -7973.6% | 7.3% | 5.0% | 3.9% | 5.4% | -4.8% | 3.8% | -3.2% | -2.4% | 4.6% |
| Net Profit Margin | 7157.2% | 7157.2% | 2.6% | 0.8% | -0.6% | 3.2% | -3.6% | 2.4% | 3.8% | 0.6% | 5.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.0% | 5.0% | 8.7% | 2.5% | -1.8% | 9.9% | -7.4% | 4.5% | 6.0% | 0.9% | 6.4% |
| ROA | 0.6% | 0.6% | 1.0% | 0.3% | -0.2% | 1.2% | -1.1% | 0.9% | 1.2% | 0.1% | 0.9% |
| ROIC | -3.2% | -3.2% | 14.3% | 14.8% | 8.6% | 7.9% | -4.7% | 3.3% | -2.3% | -1.2% | 1.6% |
| ROCE | -0.9% | -0.9% | 10.7% | 10.2% | 6.3% | 10.3% | -1.5% | 1.4% | -1.3% | -0.9% | 1.4% |
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 | 0.11 | 0.11 | 0.57 | 0.77 | 0.56 | 1.06 | 0.97 | 0.90 | 0.89 | 0.87 | 2.03 |
| Debt / EBITDA | — | — | 2.19 | 4.16 | 3.86 | 4.71 | — | 8.64 | — | 21.36 | 15.37 |
| Net Debt / Equity | — | 0.07 | 0.54 | -0.04 | -0.45 | 0.62 | 0.61 | 0.57 | 0.67 | 0.59 | 1.87 |
| Net Debt / EBITDA | — | — | 2.08 | -0.24 | -3.13 | 2.75 | — | 5.52 | — | 14.53 | 14.15 |
| Debt / FCF | — | 0.30 | 1.50 | -0.45 | -0.53 | 1.23 | 1.70 | 15.49 | 4.97 | 5.35 | 24.76 |
| Interest Coverage | — | — | 5.63 | 4.00 | 2.79 | 2.73 | -0.19 | 2.08 | 0.27 | 0.87 | 3.34 |
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 | 0.44 | 0.44 | 0.82 | 0.90 | 0.90 | 0.82 | — | — | 4.23 | 0.23 | 0.11 |
| Quick Ratio | 0.44 | 0.44 | 0.82 | 0.90 | 0.90 | 0.82 | — | — | 4.18 | 0.23 | 0.11 |
| Cash Ratio | 0.44 | 0.44 | 0.01 | 0.30 | 0.35 | 0.28 | — | — | 1.53 | 0.46 | 0.18 |
| Asset Turnover | — | 0.00 | 0.36 | 0.32 | 0.35 | 0.33 | 0.27 | 0.35 | 0.34 | 0.29 | 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 | 1.4% | 1.3% | 3.1% | 1.9% | 1.6% | 1.2% | 3.3% | 2.0% | 2.5% | 1.6% | 1.6% |
| Payout Ratio | 26.0% | 26.0% | 46.5% | 98.4% | — | 14.2% | — | 30.0% | 20.0% | 97.1% | 12.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 4.2% | 6.2% | 1.7% | — | 8.2% | — | 6.1% | 12.3% | 1.8% | 12.7% |
| FCF Yield | 25.0% | 24.5% | 29.9% | 8.1% | 92.0% | 43.3% | 78.5% | 5.4% | 27.8% | 19.8% | 15.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 1.7% | 8.2% | 3.2% | 7.3% | 3.3% | 22.4% |
| Total Shareholder Yield | 1.4% | 1.3% | 3.1% | 1.9% | 1.9% | 2.9% | 11.4% | 5.2% | 9.7% | 4.9% | 24.0% |
| Shares Outstanding | — | $38M | $38M | $38M | $36M | $34M | $34M | $35M | $35M | $37M | $32M |
Deconsolidation obscures operational performance
Based on current market data, Tiptree trades at a P/B ratio of 0.89, which suggests that investors are applying a significant conglomerate discount to the holding company structure, likely due to the lack of transparency following the deconsolidation of its primary insurance subsidiary, Fortegra.
The P/E ratio of 23.37 appears elevated relative to the company's current lack of consolidated revenue, indicating that the market is pricing the stock as a sum-of-the-parts entity rather than a traditional operating business. This valuation gap warrants further investigation into whether the market is adequately accounting for the underlying value of the Fortegra stake versus the volatility of the remaining capital assets.
As reported in recent financial statements, Tiptree's ROIC has trended into negative territory, reaching -0.7% in 2026Q1, which marks a sharp departure from the 5.8% peak observed in 2024Q2 and highlights the difficulty of maintaining returns during a period of major corporate deconsolidation.
The decay in ROIC suggests that the company's capital allocation is currently struggling to generate meaningful returns on its asset base without the consolidated contribution of its insurance arm. Investors should monitor whether this trend is a temporary artifact of the transition or a sign of structural inefficiency within the remaining Tiptree Capital portfolio.
According to recent SEC filings, Tiptree has successfully reduced its debt-to-equity ratio to 0.02 as of 2026Q1, a significant improvement from the 0.78 level seen in 2025Q1, indicating a deliberate effort to strengthen the parent company's balance sheet following the crystallization of subsidiary value.
This rapid deleveraging appears to provide the firm with greater financial flexibility, though it also reflects a smaller footprint for the parent entity. The reduction in debt service requirements may mitigate some of the risks associated with the current interest-rate environment, provided that management maintains this conservative capital structure.
As highlighted by the current P/S ratio of 1378.48, the use of traditional revenue-based valuation multiples is fundamentally flawed for Tiptree, as the deconsolidation of Fortegra has rendered top-line figures essentially meaningless for assessing the company's true economic earning power.
Analysts should instead focus on adjusted net income and the private-market valuation of the Fortegra stake to gauge the company's intrinsic value. Relying on revenue multiples in this context obscures the underlying cash-generating capacity of the insurance operations and may lead to erroneous conclusions regarding the firm's growth trajectory.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying TIPT stock.
Tiptree Inc.'s current P/E ratio is 23.4x. The historical average is 22.7x. This places it at the 64th percentile of its historical range.
Tiptree Inc.'s return on equity (ROE) is 5.0%. The historical average is 7.9%.
Based on historical data, Tiptree Inc. is trading at a P/E of 23.4x. This is at the 64th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Tiptree Inc.'s current dividend yield is 1.36% with a payout ratio of 26.0%.
Tiptree Inc. has -6835.2% gross margin and -7973.6% operating margin.