White Mountains Insurance Group, Ltd.
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
30.20
Price/Sales ratio
1.48
Earnings per Share (EPS)
$59.99

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
12.1414.1910.165.75-20.308.454.35-9.05-20.947.577.52-20.30
Price/Sales ratio
1.512.333.089.657.763.922.613.263.451.752.973.92
Price/Book Value ratio
0.951.071.161.031.001.070.780.861.060.891.051.00
Price/Cash Flow ratio
18.3526.23-32.10-57.83-92.17-29.07-50.8879.9112.259.416.55-92.17
Price/Free Cash Flow ratio
19.4415.18-31.0827.13-44.03-38.46331.5521.2712.259.416.39-44.03
Price/Earnings Growth ratio
-9.26-11.910.160.070.15-0.020.050.060.52-0.01-0.05-0.02
Dividend Yield
0.65%0.14%0.12%0.12%0.13%0.09%0.10%0.10%0.07%0.06%0.05%0.09%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%62.70%32.61%99.16%99.04%92.66%91.48%98.13%66.92%32.61%
Operating Profit Margin
9.89%8.60%-2.96%2.08%-36.76%44.34%52.41%-43.75%75.52%5.38%5.91%-36.76%
Pretax Profit Margin
12.01%8.56%-2.96%2.08%-48.27%45.34%54.64%-31.96%-12.90%26.09%46.26%-48.27%
Net Profit Margin
12.45%16.45%30.31%167.79%-38.25%46.39%60.02%-36.05%-16.47%23.16%39.02%-38.25%
Effective Tax Rate
17.66%-0.45%112.37%-100%2.24%7.23%-3.17%-12.78%-27.71%-2.74%-0.78%7.23%
Return on Assets
2.99%2.89%6.30%17.14%-4.19%10.40%14.66%-4.86%-2.58%5.98%6.24%-4.19%
Return On Equity
7.82%7.60%11.44%17.95%-4.96%12.70%18.14%-9.59%-5.09%11.83%14.55%-4.96%
Return on Capital Employed
2.37%1.51%-0.62%0.21%-4.17%10.20%14.19%-6.64%12.25%1.40%1.17%-4.17%
Liquidity Ratios
Current Ratio
0.000.000.000.000.000.000.00N/AN/AN/A1.380.00
Quick Ratio
500.5314.1810.5524.488.2310.623.553.502.631.811.3810.62
Cash ratio
143.535.871.373.010.991.570.440.331.011.820.071.57
Days of Sales Outstanding
65.848.45N/A56.53N/AN/AN/A60.88N/AN/A500.27N/A
Days of Inventory outstanding
N/AN/AN/A-1.19K-741.15-31.50K-39.78K-5.50KN/AN/AN/A-741.15
Operating Cycle
N/AN/AN/A-1.14K-741.15-31.50K-39.78K-5.44KN/AN/A500.27-741.15
Days of Payables Outstanding
N/AN/AN/A84.31152.924.97K3.66K2.23K929.52732.71153.60152.92
Cash Conversion Cycle
N/AN/AN/A-1.22K-894.08-36.48K-43.44K-7.67K-929.52-732.71346.66-894.08
Debt Ratios
Debt Ratio
0.030.030.000.000.050.070.070.090.070.060.050.07
Debt Equity Ratio
0.080.080.000.000.060.080.090.180.150.130.110.06
Long-term Debt to Capitalization
0.070.070.000.000.060.000.060.100.130.110.100.06
Total Debt to Capitalization
0.070.070.000.000.060.070.080.150.130.110.100.06
Interest Coverage Ratio
8.207.03-8.964.39-17.7524.130.00N/AN/AN/A1.51-17.75
Cash Flow to Debt Ratio
0.600.47-10.28-2.62-0.16-0.42-0.160.060.560.711.36-0.16
Company Equity Multiplier
2.612.621.811.041.181.221.231.971.971.972.241.18
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.080.08-0.09-0.16-0.08-0.13-0.050.040.280.180.44-0.08
Free Cash Flow / Operating Cash Flow Ratio
0.941.721.03-2.132.090.75-0.153.75111.030.75
Cash Flow Coverage Ratio
0.600.47-10.28-2.62-0.16-0.42-0.160.060.560.711.36-0.16
Short Term Coverage Ratio
N/AN/AN/AN/AN/A-0.44-0.700.17N/AN/AN/A-0.44
Dividend Payout Ratio
7.99%2.01%1.30%0.73%-2.69%0.77%0.45%-0.91%-1.57%0.51%0.38%-2.69%