Question 1

What is Markel's P/S ratio?

Accepted Answer

Markel (MKL) P/S ratio is 1.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Markel?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Markel specifically, the relevant sector benchmark is the current sector median of 2.3×.

Question 5

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

Accepted Answer

Markel's P/S ratio of 1.3× is below its own 5-year average of 1.4× and below the sector median of 2.3×. That places the current reading at the 29th 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/S ratio range?

Accepted Answer

In the available daily series, Markel (MKL) P/S ratio has ranged from a low of 1.1× in 2023 to a high of 2.6× in 2018. The 5-year average is 1.4× and the 5-year median is 1.3×.

Question 7

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

Accepted Answer

Markel (MKL) P/S ratio at the end of 2025 was 1.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$25.3B	$16.3B	1.5×	+0.2×	Dec 31, 2025
2024	$22.3B	$16.6B	1.3×	+0.1×	Dec 31, 2024
2023	$18.8B	$15.7B	1.2×	-0.3×	Dec 31, 2023
2022	$17.8B	$11.8B	1.5×	+0.2×	Dec 31, 2022
2021	$16.9B	$12.9B	1.3×	-0.2×	Dec 31, 2021
2020	$14.3B	$9.64B	1.5×	-0.2×	Dec 31, 2020
2019	$15.8B	$9.52B	1.7×	-0.4×	Dec 31, 2019
2018	$14.4B	$6.95B	2.1×	-0.5×	Dec 31, 2018
2017	$15.9B	$6.06B	2.6×	+0.4×	Dec 31, 2017
2016	$12.7B	$5.61B	2.3×	-0.0×	Dec 31, 2016
2015	$12.4B	$5.37B	2.3×	+0.4×	Dec 31, 2015
2014	$9.54B	$5.13B	1.9×	-0.0×	Dec 31, 2014
2013	$8.12B	$4.32B	1.9×	+0.6×	Dec 31, 2013
2012	$3.94B	$3B	1.3×	-0.2×	Dec 31, 2012
2011	$3.99B	$2.63B	1.5×	-0.1×	Dec 31, 2011
2010	$3.67B	$2.23B	1.7×	+0.1×	Dec 31, 2010
2009	$3.34B	$2.13B	1.6×	+0.0×	Dec 31, 2009
2008	$2.93B	$1.9B	1.5×	-0.4×	Dec 31, 2008
2007	$4.88B	$2.48B	2.0×	+0.1×	Dec 31, 2007
2006	$4.69B	$2.52B	1.9×	+0.5×	Dec 31, 2006
2005	$3.09B	$2.2B	1.4×	-0.2×	Dec 31, 2005
2004	$3.58B	$2.26B	1.6×	+0.4×	Dec 31, 2004
2003	$2.49B	$2.09B	1.2×	+0.0×	Dec 31, 2003
2002	$2.02B	$1.77B	1.1×	—	Dec 31, 2002


Invesco (IVZ)	1.7×
Citigroup (C)	1.5×
W. R. Berkley (WRB)	1.5×
American International Group (AIG)	1.5×
Capital One Financial (COF)	1.5×
Travelers Companies (TRV)	1.4×
Federal Agricultural Mortgage (AGM)	1.4×
Franklin Resources (BEN)	1.4×
Brookfield (BN)	1.3×
American Financial Group (AFG)	1.3×
Hartford Insurance Group (HIG)	1.3×
PSB Holdings (PSBQ)	1.3×
Principal Financial Group (PFG)	1.3×
PayPal (PYPL)	1.2×
Loews (L)	1.2×
AXIS Capital Holdings (AXS)	1.1×
Old Republic International (ORI)	1.0×
Assurant (AIZ)	0.8×
Allstate (ALL)	0.8×
Mercury General (MCY)	0.8×
Everest Group (EG)	0.8×
MetLife (MET)	0.6×
Prudential Financial (PRU)	0.5×
StoneX Group (SNEX)	0.0×
Atlantic Union Bankshares (AUB)	0.0×

P/S Ratio for Markel (MKL) 2002-2026

P/S Ratio daily chart for Markel (MKL)

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

About P/S Ratio at Markel (MKL)

Markel P/S Ratio by Year

Markel P/S Ratio 2025: 1.5×

Markel P/S Ratio 2024: 1.3×

Markel P/S Ratio 2023: 1.2×

Markel P/S Ratio 2022: 1.5×

Markel P/S Ratio 2021: 1.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Markel (MKL) Key Financials