Question 1

What is Markel's P/E ratio?

Accepted Answer

Markel (MKL) P/E ratio is 11.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Markel?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Markel specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

Is Markel's P/E ratio high or low?

Accepted Answer

Markel's P/E ratio of 11.5× is below its own 5-year average of 22.1× and below the sector median of 12.8×. That places the current reading at the 74th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Markel's historical P/E ratio range?

Accepted Answer

In the available daily series, Markel (MKL) P/E ratio has ranged from a low of 5.6× in 2021 to a high of 371.6× in 2002. The 5-year average is 22.1× and the 5-year median is 10.0×.

Question 7

What was Markel's P/E ratio in 2025?

Accepted Answer

Markel (MKL) P/E ratio at the end of 2025 was 12.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Markel's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$25.33B	$2.11B	12.0×	+3.9×	Dec 31, 2025
2024	$22.26B	$2.75B	8.1×	-1.3×	Dec 31, 2024
2023	$18.80B	$2.00B	9.4×	—	Dec 31, 2023
2022	$17.78B	−$218.23M	—	—	Dec 31, 2022
2021	$16.91B	$2.43B	7.0×	-10.5×	Dec 31, 2021
2020	$14.27B	$816.03M	17.5×	+8.7×	Dec 31, 2020
2019	$15.82B	$1.79B	8.8×	—	Dec 31, 2019
2018	$14.45B	−$128.18M	—	—	Dec 31, 2018
2017	$15.87B	$395.27M	40.2×	+12.3×	Dec 31, 2017
2016	$12.68B	$455.69M	27.8×	+6.6×	Dec 31, 2016
2015	$12.35B	$582.77M	21.2×	-8.5×	Dec 31, 2015
2014	$9.54B	$321.18M	29.7×	+0.8×	Dec 31, 2014
2013	$8.12B	$281.02M	28.9×	+13.3×	Dec 31, 2013
2012	$3.94B	$253.38M	15.5×	-12.6×	Dec 31, 2012
2011	$3.99B	$142.03M	28.1×	+14.3×	Dec 31, 2011
2010	$3.67B	$266.79M	13.8×	-2.8×	Dec 31, 2010
2009	$3.34B	$201.64M	16.5×	—	Dec 31, 2009
2008	$2.93B	−$58.77M	—	—	Dec 31, 2008
2007	$4.88B	$405.67M	12.0×	+0.1×	Dec 31, 2007
2006	$4.69B	$392.50M	12.0×	-8.9×	Dec 31, 2006
2005	$3.09B	$147.91M	20.9×	-0.8×	Dec 31, 2005
2004	$3.58B	$165.41M	21.7×	+1.5×	Dec 31, 2004
2003	$2.49B	$123.48M	20.2×	-6.7×	Dec 31, 2003
2002	$2.02B	$75.32M	26.8×	—	Dec 31, 2002


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for Markel (MKL)

P/E Ratio daily chart for Markel (MKL)

Historical P/E Ratio for Markel (MKL) from 2002 to 2025

About P/E Ratio at Markel (MKL)

Markel P/E Ratio by Year

Markel P/E Ratio 2025: 12.0×

Markel P/E Ratio 2024: 8.1×

Markel P/E Ratio 2023: 9.4×

Markel P/E Ratio 2021: 7.0×

Markel P/E Ratio 2020: 17.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Markel (MKL) Key Financials

P/E Ratio daily chart for Markel (MKL)

Historical P/E Ratio for Markel (MKL) from 2002 to 2025

About P/E Ratio at Markel (MKL)

Markel P/E Ratio by Year

Markel P/E Ratio 2025: 12.0×

Markel P/E Ratio 2024: 8.1×

Markel P/E Ratio 2023: 9.4×

Markel P/E Ratio 2021: 7.0×

Markel P/E Ratio 2020: 17.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Markel's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Markel?

+Is Markel's P/E ratio high or low?

+What is Markel's historical P/E ratio range?

+What was Markel's P/E ratio in 2025?

+Why does Markel's P/E ratio change over time?

Markel (MKL) Key Financials