US · USD
MKL
Markel Corporation
- Day's range
- $1,717.37 – $1,739.16
- Day's volume
- $156.9M
- 52-week range
- $1,712.45 – $2,191.90
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Create a free accountMKL in numbers
- Market cap
- $21.5B
- P/E
- 9.36
- P/B
- 1.13
- Dividend yield (12m)
- 0.00%
MKL trades at 9.36 times its earnings of the last 12 months.
MKL price history
MKL risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -16.50% | +20.71% | +45.39% |
| Volatility (annualized) | 16.54% | 18.14% | 20.13% |
| Largest drawdown | -20.34% | -20.34% | -26.51% |
| Positive months | 5/12 | 17/36 | 29/60 |
How much did investing in MKL return?
$1,000.00 invested on 11/01/2021 would be worth $1,445.05 today.
- Value today in MKL
- $1,445.05
- Return over the period
- +44.51%
- Return per year
- +7.76%
- In the S&P 500
- $1,702.20
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
MKL fundamentals
Valuation
- P/E9.36
- P/B1.13
- EV/EBITDA—
- EV/EBIT7.27
- EV/Revenue1.45
- P/EBIT6.96
- P/S1.39
- P/OCF9.26
- P/FCF10.16
- Earnings yield13.76%
- PEG ratio—
- Earnings per share$184.40
- Book value per share$1,533.95
Debt
- Net debt$944.5M
- Net debt/EBITDA—
- Net debt/Equity0.05
- Debt/Equity0.23
- Current ratio—
- Quick ratio—
- Cash ratio—
Efficiency
- Gross margin—
- EBITDA margin—
- Operating margin19.93%
- Net margin14.73%
- Asset turnover0.22
Profitability
- ROE12.02%
- ROA3.21%
- ROIC12.18%
- Payout0.00%
Growth
- Revenue CAGR (5 years)20.19%
- Earnings CAGR (5 years)-3.04%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is MKL's fair price?
Two classic value formulas, with today's numbers. The current price is $1,726.58.
- Graham's fair price
- $2,522.76
- 46.11% above the price
√(22.50 × $184.40 × $1,533.95)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to MKL: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
MKL's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 12.83 | 8.02 | 9.33 | -81.68 | 6.93 | 17.45 | 8.80 | -112.36 |
| P/B | 1.45 | 1.30 | 1.24 | 1.34 | 1.14 | 1.11 | 1.42 | 1.59 |
| EV/EBITDA | 7.73 | 5.59 | 5.74 | 81.59 | 4.80 | 8.47 | 5.90 | 53.82 |
| Earnings per share | $167.55 | $215.12 | $152.25 | -$16.13 | $178.08 | $59.20 | $129.91 | -$9.24 |
| Book value per share | $1,478.86 | $1,324.66 | $1,142.94 | $980.79 | $1,081.58 | $928.61 | $803.28 | $654.47 |
| ROE | 11.33% | 16.24% | 13.32% | -1.64% | 16.46% | 6.38% | 16.17% | -1.41% |
| ROIC | 13.29% | 16.56% | 15.44% | -0.49% | 16.78% | 8.87% | 16.91% | 0.44% |
| EBITDA margin | 22.84% | 27.37% | 22.75% | 4.13% | 89.50% | 50.52% | 113.36% | 12.55% |
| Net margin | 13.58% | 18.54% | 13.98% | -4.13% | 60.62% | 26.08% | 73.90% | -6.01% |
| Net debt/EBITDA | 0.10 | 0.16 | 0.01 | -0.16 | 0.11 | -0.54 | 0.17 | — |
MKL's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $15.5B | $14.8B | $14.3B | $5.2B | $4B | $3.1B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $3.5B | $4.1B | $3.2B | $216.1M | $3.6B | $1.6B |
| EBIT | $3.2B | $3.7B | $2.9B | -$93.3M | $3.2B | $1.3B |
| Financial result | — | — | — | — | — | — |
| Income before tax | $2.7B | $3.6B | $2.7B | -$151.6M | $3.1B | $1B |
| Income tax | -$580.3M | -$790.3M | -$552.6M | $48.2M | -$684M | -$168.7M |
| Net income | $2.1B | $2.7B | $2B | -$216.3M | $2.4B | $816M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does MKL pay dividends?
MKL has no distributions on record.
About Markel
- Sector
- Finance, insurance and real estate
Questions about MKL
How much is MKL today?
MKL is at $1,726.58 (0.03% on the day), last traded on 10/05/2026.
What are the P/E and P/B of MKL?
MKL trades at a P/E of 9.36 and a P/B of 1.13.
How much did MKL return in 12 months?
MKL returned -16.50% in 12 months, with annualized volatility of 16.54% and a largest drawdown of -20.34%.