Question 1

What is RLI's EV/EBITDA ratio?

Accepted Answer

RLI (RLI) EV/EBITDA ratio is 6.3× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. 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 EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for RLI?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For RLI specifically, the relevant sector benchmark is the current sector median of 9.3×.

Question 5

Is RLI's EV/EBITDA ratio high or low?

Accepted Answer

RLI's EV/EBITDA ratio of 6.3× is below its own 5-year average of 9.7× and below the sector median of 9.3×. That places the current reading at the 22th 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 RLI's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, RLI (RLI) EV/EBITDA ratio has ranged from a low of 3.5× in 2023 to a high of 41.8× in 2018. The 5-year average is 9.7× and the 5-year median is 9.3×.

Question 7

What was RLI's EV/EBITDA ratio in 2025?

Accepted Answer

RLI (RLI) EV/EBITDA ratio at the end of 2025 was 11.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does RLI's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). 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	$5.90B	$522.32M	11.2×	-6.2×	Dec 31, 2025
2024	$7.54B	$433.88M	17.4×	+8.9×	Dec 31, 2024
2023	$6.08B	$384.57M	8.4×	+3.4×	Dec 31, 2023
2022	$5.97B	$728.73M	5.0×	-2.9×	Dec 31, 2022
2021	$5.08B	$352.00M	7.9×	-5.2×	Dec 31, 2021
2020	$4.70B	$197.44M	13.1×	+4.1×	Dec 31, 2020
2019	$4.04B	$240.32M	9.0×	-32.8×	Dec 31, 2019
2018	$3.03B	$75.02M	41.8×	+11.5×	Dec 31, 2018
2017	$2.68B	$92.02M	30.4×	+12.7×	Dec 31, 2017
2016	$2.77B	$164.51M	17.6×	+3.6×	Dec 31, 2016
2015	$2.74B	$204.11M	14.1×	+2.7×	Dec 31, 2015
2014	$2.13B	$196.93M	11.3×	-0.5×	Dec 31, 2014
2013	$2.09B	$183.76M	11.9×	+3.0×	Dec 31, 2013
2012	$1.38B	$157.71M	8.9×	—	Dec 31, 2012
2011	—	$187.48M	—	—	Dec 31, 2011
2010	$1.10B	$185.71M	6.3×	-2.0×	Dec 31, 2010
2009	$1.14B	$138.49M	8.2×	-3.4×	Dec 31, 2009
2008	$1.31B	$113.30M	11.6×	+6.4×	Dec 31, 2008
2007	$1.29B	$261.47M	5.1×	-1.9×	Dec 31, 2007
2006	$1.37B	$193.47M	7.1×	-1.8×	Dec 31, 2006
2005	$1.27B	$150.99M	8.9×	-1.6×	Dec 31, 2005
2004	$1.05B	$107.24M	10.5×	-0.6×	Dec 31, 2004
2003	$942.91M	$95.29M	11.1×	-0.2×	Dec 31, 2003
2002	$562.94M	$50.59M	11.3×	-2.7×	Dec 31, 2002
2001	$442.20M	$33.47M	13.9×	—	Dec 31, 2001


Wells Fargo (WFC)	2.9×
Farmers & Merchants Bancorp (FMCB)	2.8×
JPMorgan Chase (JPM)	2.3×
AXIS Capital Holdings (AXS)	2.2×
American International Group (AIG)	1.9×
Ally Financial (ALLY)	1.7×
United Bankshares (UBSI)	1.6×
Commerce Bancshares (CBSH)	0.7×
W. R. Berkley (WRB)	-0.0×
Morgan Stanley (MS)	-0.3×
M&T Bank (MTB)	-0.6×
Capital One Financial (COF)	-0.6×
Everest Re Group (EG)	-0.7×
Travelers Companies (TRV)	-2.5×
Globe Life (GL-PD)	-2.6×
RenaissanceRe Holdings (RNR)	-3.5×
PNC Financial Services Group (PNC)	-3.8×
BancFirst (BANF)	-5.5×
U.S. Bancorp (USB)	-5.5×
KeyCorp (KEY)	-9.2×
Bank of New York Mellon (BNY)	-13.3×
Bank of New York Mellon (BK)	-13.3×
Ames National (ATLO)	-14.6×
State Street (STT)	-17.7×
MetLife (MET)	-46.3×

EV/EBITDA for RLI (RLI)

EV/EBITDA daily chart for RLI (RLI)

Historical EV/EBITDA for RLI (RLI) from 2001 to 2025

About EV/EBITDA at RLI (RLI)

RLI EV/EBITDA by Year

RLI EV/EBITDA 2025: 11.2×

RLI EV/EBITDA 2024: 17.4×

RLI EV/EBITDA 2023: 8.4×

RLI EV/EBITDA 2022: 5.0×

RLI EV/EBITDA 2021: 7.9×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

RLI (RLI) Key Financials

EV/EBITDA daily chart for RLI (RLI)

Historical EV/EBITDA for RLI (RLI) from 2001 to 2025

About EV/EBITDA at RLI (RLI)

RLI EV/EBITDA by Year

RLI EV/EBITDA 2025: 11.2×

RLI EV/EBITDA 2024: 17.4×

RLI EV/EBITDA 2023: 8.4×

RLI EV/EBITDA 2022: 5.0×

RLI EV/EBITDA 2021: 7.9×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is RLI's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for RLI?

+Is RLI's EV/EBITDA ratio high or low?

+What is RLI's historical EV/EBITDA ratio range?

+What was RLI's EV/EBITDA ratio in 2025?

+Why does RLI's EV/EBITDA ratio change over time?

RLI (RLI) Key Financials